We expect rising precision needs in lithography, driven by increasing chip complexity, to be a material growth catalyst for Japanese wafer fabrication equipment firm Lasertec over the next five years and beyond.
Lasertec’s vise grip on the actinic mask inspection market will continue, given its entrenched lead against peers that will raise switching costs for customers. This will structurally drive higher pricing power and profitability.
Lasertec’s growth outlook and pricing power in actinic mask inspection could be eroded as competitors such as KLA enter the market with viable solutions.
|
Metric
|
6920
|
ASML
|
AMAT
|
|---|---|---|---|
Price/Earnings (Normalized) | 53.55 | 56.40 | 48.46 |
Price/Book Value | 16.60 | 27.87 | 16.39 |
Price/Sales | 17.82 | 16.95 | 13.71 |
Price/Cash Flow | 63.33 | 47.83 | 46.91 |
|
Metric
|
6920
|
ASML
|
AMAT
|
|---|---|---|---|
Quick Ratio | 1.37 | 0.73 | 1.67 |
Current Ratio | 3.42 | 1.33 | 2.42 |
Interest Coverage | — | — | 33.00 |
|
Metric
|
6920
|
ASML
|
AMAT
|
|---|---|---|---|
Return on Assets (Normalized) | 33.17% | 21.77% | 22.69% |
Return on Equity (Normalized) | 47.44% | 52.59% | 39.18% |
Return on Invested Capital (Normalized) | 47.36% | 45.10% | 25.01% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| ASML Holding NV
ASMLF
| LOCK|C>f&qXk | LOCK|k# | $714B | |||
| ASML Holding NV ADR
ASML
| LOCK|@P%CL#m | LOCK|<>r | $714B | |||
| Lam Research Corp
LRCX
| LOCK|d>f^$^! | LOCK|w>s | $435B | |||
| Applied Materials Inc
AMAT
| LOCK|B#^L#&Q@ | LOCK|@x | $429B | |||
| KLA Corp
KLAC
| LOCK|>MqSYtp | LOCK|Zt | $270B | |||
| Advantest Corp ADR
ATEYY
| — | LOCK|S%& | $177B | |||
| Advantest Corp
ADTTF
| — | LOCK|cb | $177B | |||
| Teradyne Inc
TER
| LOCK|wcKD#? | LOCK|^#P | $70B | |||
| Qnity Electronics Inc
Q
| LOCK|QhNh!J | LOCK|@k%Gq | $28B | |||
| Entegris Inc
ENTG
| LOCK|?s##>D? | LOCK|pY | $25B |
United States