Technology · Semiconductor Equipment & Materials · TSE · Japan
¥11630.00-1.19%
Market cap ¥2.20TNext earnings 2026-10-30Updated Oct 24, 2026 · valuation updating
Our verdict
No fair value
We are missing the financial data our models need for this company. It will appear once the data arrives.
Not valued: there are no financial statements on file yet.
ACCE opinionSCREEN Holdings Co., Ltd. (7735.T)
Fair value
Not available
ACCE price target
¥13950
Rating
Not rated
Horizon
12 months
ACCE price target published on 22 Oct 2026, 16:00 CEST.
Price used: ¥11630 at the close on 23 Oct 2026, 08:30 CEST.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
54
out of 100
P/E
24.2x
forward 13.3x
1-year return
+80.7%
Dividend yield
2.09%
SCREEN Holdings Co., Ltd. in four questions
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Overview
ACCE thesis
SCREEN Holdings makes wafer cleaning and coating/developing equipment used in semiconductor fabs, along with printing and display-related tools. The equipment sits in the cleaning steps that repeat many times across a chip's production, which gives it a steady installed base and recurring consumables and service revenue. Revenue is currently down 10.3%, a cyclical trough in memory and foundry capex, but the business still earns an 18.9% ROE and an 11.8% operating margin on a 38.1% gross margin. The forward P/E of 13.5 against a trailing 26.5 implies the market expects earnings to recover sharply as the cycle turns, so the question for a deeper look is how much of that rebound is already visible in customer orders and whether margins hold through it.
⚠ Investor warnings · 2 flagsAI-assisted·How I use AI
high
Earnings collapsing sharply
Earnings are down 37.2% YoY and revenue is down 10.3%, with QoQ revenue falling 32.5%. Q2 2026 EPS missed by 50.1%, a large miss that points to a weakening operating trend.
moderate
Valuation rests on recovery
Trailing P/E is 24.2 against a forward P/E of 13.5, so the market is pricing in a sharp earnings rebound. If that rebound is slow, the stock looks expensive on current earnings.
AI research notes
AI-assisted·How I use AIWritten Oct 22, 2026 · figures from 2026-10-22 · prices to Oct 23, 2026
Why it could do well
Analysts' mean price target of JPY 17562.50 sits 49.2% above the current share price.
Net margin of 14.5% and return on equity of 18.9% show the business earns good profit on its capital.
Free cash flow of JPY 46.1B over the last twelve months, with debt to equity at just 0.01, gives the company a very strong balance sheet.
Why it could disappoint
Revenue fell 10.3% year over year, reversing the strong growth of earlier years.
Latest earnings per share came in 50.1% below expectations, at 55.47 against 111.18 expected.
The trailing P/E of 24.2x is roughly double the forward P/E of 13.5x, so the market is betting heavily on a sharp profit recovery.
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