SCREEN Holdings Co., Ltd. (DINRF)
NEUTRALFundamental
58
मूल्य
$13305.00
मार्केट कैप
$2.49T
भाग 1 · कंपनी का मूल्य कितना है
अवलोकन
SCREEN Holdings makes the machines chipmakers use to clean silicon wafers between manufacturing steps — a process repeated dozens of times as a chip is built, since even microscopic contamination ruins the finished product. It also sells smaller businesses making equipment for printed circuit boards and for graphic-arts and precision machinery. Its main customers are the world's largest semiconductor manufacturers, who buy the equipment as part of building or upgrading a fab.
यह पैसा कैसे कमाती है
Revenue comes from selling capital equipment to chip fabs, plus ongoing spare parts and maintenance service on machines already installed. A single wafer-cleaning tool is an expensive, highly engineered purchase, so orders arrive in large, lumpy batches tied to a customer's decision to build or expand a fab rather than as steady, predictable sales.
सेगमेंट के अनुसार राजस्व
Wafer-cleaning and related process equipment sold to chipmakers; SCREEN holds an estimated 45% global share in wafer cleaning specifically.
Equipment for printed circuit board manufacturing, plus graphic-arts and precision machinery lines, together a small share of the group.
प्रतिस्पर्धी बढ़त (Moat)
पेटेंट और लाइसेंस · संकीर्णDecades of process know-how in wafer cleaning, reflected in an estimated 45% global market share in that specific step, make SCREEN's equipment difficult to displace once a fab has qualified it for a production line — requalifying with a rival supplier is costly and slow. The advantage is narrow rather than wide because larger rivals such as Tokyo Electron, Lam Research and Applied Materials compete hard in adjacent and overlapping process steps.
मांग को क्या चलाता है
चक्रीयOrders follow the semiconductor industry's capital-spending cycle: when chipmakers are confident about future demand they commit to new fabs and equipment orders surge, and when memory or logic prices fall they delay spending and orders can collapse within a couple of quarters. Because the core segment alone is 80% of sales, this single cycle dominates the company's results.
प्रमुख जोखिम
- Concentration in one equipment cycle — With the Semiconductor Production Equipment segment worth about 80% of sales and almost all of profit, a downturn in chipmakers' capital spending hits the whole company at once, with no other large segment to offset it.
- China export controls — Export restrictions imposed since mid-2023 have already cut China-sourced revenue at Japan's major chip equipment makers, including SCREEN, by roughly 10%, and further tightening could remove one of the industry's largest markets.
- Competition from larger rivals — SCREEN competes directly with Tokyo Electron in coating, developing and cleaning tools, and indirectly with Applied Materials, Lam Research and KLA in adjacent process steps, several of which have greater scale and R&D budgets.
खरीदने के पक्ष में तर्क
Buyers argue that record SPE order intake and a projected 19.7% revenue increase for the next fiscal year show demand from AI-driven chip investment more than offsetting the China slowdown, and that SCREEN's leading share in wafer cleaning gives it pricing power as capacity expands worldwide.
बेचने के पक्ष में तर्क
Sellers worry that a company this dependent on a single equipment cycle and increasingly locked out of China faces years of volatile results, and that larger, better-funded competitors in adjacent process steps could gradually erode SCREEN's cleaning-equipment lead.
Written by the editors, published on 18 अगस्त 2026
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बैलेंस शीट और तरलता
राजस्व
$591.65B
अंतिम प्रकाशित तिमाही तक के पिछले 12 महीने — प्रति शेयर मेट्रिक्स से अनुमानित
शुद्ध आय
$85.81B
अंतिम प्रकाशित तिमाही तक के पिछले 12 महीने — प्रति शेयर मेट्रिक्स से अनुमानित
Free Cash Flow
$46.14B
कुल इक्विटी
$497.11B
कुल देनदारियाँ
$6.04B
Current Ratio
2.12
Interest Coverage
-
Debt/EBITDA
0.05
Earnings Per Share
राजस्व और शुद्ध आय
Free Cash Flow
आय विवरण
ऐतिहासिक विवरण
समय के साथ मार्जिन
समय के साथ ऋण
ऋण कितना भारी है
वृद्धि तालिका
वृद्धि — राजस्व
Fair Value अनुमान
Fair Value
$12961.31
वर्तमान मूल्य
$13305.00
Margin of Safety
-2.7%
Fair Value सीमा
$8424.85 - $17497.76
अनुमान विधियाँ
मूल्यांकन मेट्रिक्स
P/E Ratio
28.98
ROE
18.9%
P/B Ratio
5.00
P/FCF
53.89
Gross Margin
38.1%
ROIC
11.0%
लाभप्रदता Radar
Value Creation (Economic Moat)
ROIC
11.0%
WACC
14.7%
ROIC − WACC
-3.8 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental विश्लेषण मानदंड
पास (13)
- Price CAGR 22.23%
- ROIC 11.0%
- Gross Margin 38.1%
- Debt/Equity ratio
- Operating Margin 18.8%
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- ROE 18.5%
- Revenue Growth 5Y 13.6%
- Analyst Consensus 57% Buy
- PEG Ratio 1.16
- Earnings Quality (OCF/NI) 1.03
फेल (8)
- P/FCF 53.89
- P/B Ratio 5.00
- CapEx intensity
- Price below Graham Number
- DCF valuation (Overvalued)
- Earnings Surprise avg -21.4%
- Net Margin Trend 15.2% vs 15.9%
- Piotroski F-Score 2/9
अनुपलब्ध (6)
- EPS data insufficient
- Dividend Payout NaN%
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- Share Dilution (missing shares data)
Piotroski F-Score
गंभीर वित्तीय चिंताएं
Earnings गुणवत्ता
उच्च गुणवत्ता: earnings नकदी द्वारा समर्थित
शेयर Dilution
शेयर वापस खरीद रही है। शेयरधारक अनुकूल
प्रशासन
कार्यकारी टीम
| नाम | पद | आयु |
|---|---|---|
| Mr. Toshio Hiroe | Representative Chairman of the Board | 66 |
| Mr. Masato Goto | President, CEO & Representative Director | 63 |
| Manabu Ishimura | CFO, Managing Executive Officer & Head of Financial Strategy | - |
| Hiroshi Tomita | CTO, Senior Executive Officer & Head of R&D Strategy | - |
| Junko Shima | Executive Officer and Head of Legal & IP Strategy | - |
| Ms. Chiho Otobe | Senior Executive Officer & Head of Communication Strategy | - |
| Yasuhito Shiraishi | Senior Executive Officer & GM of Human Resources Strategy Division | - |
| Mr. Shunichi Hasegawa | Head of the CSR Promotional Department | - |
| Mr. Akihiko Miyagawa | Senior Exec Officer, Head of Corp Planning, GM of Corp Strategy Div. & Director | - |
| Yoshihide Higaki | Exec. Officer, Head of Corporate Marketing Office and In Charge of Marketing & R&D Strategy Division | - |
Audit जोखिम
1
बोर्ड जोखिम
6
मुआवजा जोखिम
1
शेयरधारक अधिकार जोखिम
7
भाग 2 · कीमत और खरीदने का समय
यह हिस्सा यह नहीं बताता कि कंपनी अच्छी है या नहीं: यह तय करने में मदद करता है कि उसे कब खरीदें, जब फंडामेंटल आपको आश्वस्त कर चुके हों। इसमें: तकनीकी विश्लेषण, संभावना, ऐतिहासिक गिरावट, गामा एक्सपोज़र।
Latest News
Recent headlines for DINRF, sourced from Markets Gazette.