$171.17
254.4% vs S&P 12m
Business overview
Leading SoC and memory test equipment supplier; HBM and AI accelerator test volume has become a major incremental driver.
AI accelerators and HBM stacks need orders of magnitude more test time per die. Advantest's installed base is the binding constraint on system-level test throughput.
Products
- V93000 SoC tester
- T5503 memory tester
- Handlers
Customers (3)
Competitors (1)
Composite score
Higher = stronger overall research case
Fundamental82
Technical78
Valuation76
AI relevance80
Risk-adjusted (higher = safer)49
Segment-relative fundamental percentile: 100
Synthetic 1Y price action
Deterministic price series; 50d (yellow) and 200d (orange) MAs shown
3M RS: -9.7%6M RS: 17.7%12M RS: 254.4%Vol30d: 70%DD52w: -15.1%
Financial summary
Curated, illustrative
Revenue
$7.22B
Growth (YoY)
41.2%
Gross margin
64.3%
Operating margin
46.7%
FCF
$1.54B
Capex
$603.27M
Net cash / (debt)
$2.05B
ROIC
30.8%
Customer conc.
Medium
Valuation
Market cap
$124.16B
Enterprise value
$122.12B
P/E (TTM)
52.2x
Forward P/E
112.5x
EV / Sales
16.9x
EV / EBITDA
36.4x
P / FCF
80.5x
PEG
2.0x
Rule of 40
—
Risks
Severity 1 (low) to 5 (severe)
- 4Customer order timing volatility
- 3Premium valuation
Score components
What drove the composite
Growth95
Profitability97
Cash generation76
Balance sheet86
Moat / AI relevance88
Capital intensity (higher = lighter)64
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)95
Momentum (3/6/12m)65
Relative strength100
Realized vol (higher = lower vol)27
Segment peers
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