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ATEYY · OTC · United States · Semiconductors & Related Devices
In shortADVANTEST CORP is profitable, generates cash and holds more cash than debt, with revenue growing (+46.0% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 9.0% | 47/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 7.9% | 52/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 10.1% | 50/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 5.2% | 35/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 3.32× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.18× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 106.71× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 5.93 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 13.0% | 72/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.64× | 100/100 |
| Years with positive free cash flow (last 5) | 2 of 5 | 25/100 |
Weight in the score: 20%
| Profitable years (last 5) | 2 of 5 | 40/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 41.9% | 0/100 |
| Operating margin volatility | 16.7% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 5.0% | 45/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2015 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
2 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
JPY millions; negative values in parentheses.
| Fiscal year | FY11 | FY12 | FY13 | FY14 | FY15 |
|---|---|---|---|---|---|
| Revenue | 99,634 | 141,048 | 132,903 | 111,878 | 163,329 |
| Cost of revenue | 51,164 | 72,300 | 63,983 | 62,545 | 72,903 |
| Gross profit | 48,470 | 68,748 | 68,920 | 49,333 | 90,426 |
| Research & development | 21,197 | 30,303 | 33,062 | 32,670 | 29,876 |
| Selling, general & admin | 21,162 | 37,608 | 35,778 | 39,964 | 45,720 |
| Operating income | 6,111 | 837 | 80 | (36,369) | 14,619 |
| Interest expense | 3 | 153 | 132 | 140 | 137 |
| Pre-tax income | 6,276 | 1,420 | 941 | (35,086) | 14,619 |
| Income tax | 2,352 | (1,240) | 2,493 | 61 | 5,911 |
| Net income | 3,163 | (2,195) | (3,821) | (35,540) | 12,948 |
| Diluted EPS | ¥18.03 | −¥12.67 | −¥22.03 | −¥204.10 | ¥67.16 |
| Diluted shares (millions) | 175 | 173 | 173 | 174 | 193 |
2 older years available with the 10-year history. Essential plan, from €8.25/month →
5.93 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Mar 31, 2015 · Data updated Jun 25, 2015