3 carefully selected stocks related to semiconductor materials that have been delayed! What is expected to see high growth in operating profit? Check out the “Japanese version” SOX index constituent stocks!
As expectations for a recovery in semiconductor market conditions increase, semiconductorsManufacturing equipment stocksSemiconductors that are lagging behind compared toMaterial-related chemical stocksThe inflow of funds into the country is likely to increase. The Nihon Keizai Shimbun started calculation in March”Nikkei Semiconductor Stock Index” is a constituent stock30 brandsOfChemical stocks account for 10 stocks. The index consists of US semiconductor-related stocks.”Philadelphia Semiconductor Stock Index」（SOX Index)'s“Japan version”It is attracting attention as. Exchange-traded funds (ETFs) linked to the same index are also scheduled to be listed in June, and there is a possibility that passive funds from this ETF will flow greatly into the constituent stocks in the future.
Market capitalization of chemical stocks that make up the same index100 billion yen to 500 billion yenIt is a medium cap stockHigh operating profit growthPick up stocks that are expected, and the current stock price and the analyst (average) target stock pricedivergenceFor the next 12 monthsExpected PER(Price-earnings ratio) was confirmed.
(Note: JSR is excluded because it is scheduled to be delisted after TOB by the Industrial Innovation Investment Organization (JIC). (Operating profit growth rate forecast, recent dividend yield, Nippon Kayaku Analyst target stock price are Bloomberg data)
[Overview]
・Operating profit growth rate forecast for the current fiscal yearWhat is the most expensive $Nippon Kayaku(4272.JP$at $Tri Chemical Laboratories(4369.JP$、 $Tokuyama(4043.JP$continues.
・Operating profit growth rate forecast for the next fiscal yearWhat is the most expensive $Tri Chemical Laboratories(4369.JP$So, $Nippon Kayaku(4272.JP$、 $Tokyo Ohka Kogyo(4186.JP$continues.
・ $Dexerials(4980.JP$Is a track record showing high capital efficiencyROE (return on equity) is the highestIt has been bought by far exceeding the analysts' average target stock price.
・From current stock prices to analysts'The divergence up to the average target stock price is the largest, and room for growth is expectedIt's $Tri Chemical Laboratories(4369.JP$So, $Taiyo Holdings(4626.JP$、 $Shin-Etsu Chemical(4063.JP$、 $Adeka(4401.JP$continues.
・The most recent dividend yield is the highestIt's $Nippon Kayaku(4272.JP$So, $Tokuyama(4043.JP$、 $Adeka(4401.JP$continues.
・Operating profit growth rate forecast for the current fiscal yearWhat is the most expensive $Nippon Kayaku(4272.JP$at $Tri Chemical Laboratories(4369.JP$、 $Tokuyama(4043.JP$continues.
・Operating profit growth rate forecast for the next fiscal yearWhat is the most expensive $Tri Chemical Laboratories(4369.JP$So, $Nippon Kayaku(4272.JP$、 $Tokyo Ohka Kogyo(4186.JP$continues.
・ $Dexerials(4980.JP$Is a track record showing high capital efficiencyROE (return on equity) is the highestIt has been bought by far exceeding the analysts' average target stock price.
・From current stock prices to analysts'The divergence up to the average target stock price is the largest, and room for growth is expectedIt's $Tri Chemical Laboratories(4369.JP$So, $Taiyo Holdings(4626.JP$、 $Shin-Etsu Chemical(4063.JP$、 $Adeka(4401.JP$continues.
・The most recent dividend yield is the highestIt's $Nippon Kayaku(4272.JP$So, $Tokuyama(4043.JP$、 $Adeka(4401.JP$continues.
◆ $Tri Chemical Laboratories(4369.JP$
Etching gases used in advanced semiconductor manufacturing, etc.Special chemical materialsProduce a wide variety of products in small quantities. The new plant to be built in Minami Alps in Yamanashi prefecture is scheduled to be put into operation in '25. There are strong inquiries for the insulating film “High-K,” which is used in “HBM (broadband memory)” for AI semiconductors.
・Fiscal year ended 25/1Consolidated sales compared to the previous fiscal year32.4% increaseNet profit of 14.8 billion yen51% increaseIt is expected to be 3.7 billion yen.
・Capital Adequacy RatioIs86.5%. On May 31st1Q financial results announcement schedule for the fiscal year ending 25/1。
・This term'sOperating profit growth rate forecastIs75%, next term58%。
・What is the most recent PER58.3 timesSo, what is the expected PER for 12 months36.9 times。
・From the closing price of 4295 yen on the 21st to the analyst average target stock price of 6333.33 yen47.5%ofRising ExpectationsThere is.
Etching gases used in advanced semiconductor manufacturing, etc.Special chemical materialsProduce a wide variety of products in small quantities. The new plant to be built in Minami Alps in Yamanashi prefecture is scheduled to be put into operation in '25. There are strong inquiries for the insulating film “High-K,” which is used in “HBM (broadband memory)” for AI semiconductors.
・Fiscal year ended 25/1Consolidated sales compared to the previous fiscal year32.4% increaseNet profit of 14.8 billion yen51% increaseIt is expected to be 3.7 billion yen.
・Capital Adequacy RatioIs86.5%. On May 31st1Q financial results announcement schedule for the fiscal year ending 25/1。
・This term'sOperating profit growth rate forecastIs75%, next term58%。
・What is the most recent PER58.3 timesSo, what is the expected PER for 12 months36.9 times。
・From the closing price of 4295 yen on the 21st to the analyst average target stock price of 6333.33 yen47.5%ofRising ExpectationsThere is.
◆ $Taiyo Holdings(4626.JP$
Of insulating materials that protect the surface of semiconductor substratesThe world's leading manufacturer of solder resist (SR, resist ink). The electronics business and the pharmaceutical business are the pillars. The electronics business for the fiscal year ended March '24Strong sales in ChinaAs a result, both sales and operating profit reached record highs. The pharmaceutical business is involved in contract businesses related to regenerative medicine.
・Fiscal year ended 25/3Consolidated sales compared to the previous fiscal year7.7% increaseNet profit of 112.8 billion yen38.7% increaseIt is expected to be 12 billion yen.
・Capital Adequacy RatioIs47.2%。
・This term'sOperating profit growth rate forecastIs12%, next term10%。
・What is the most recent PER20.7 timesSo, what is the expected PER for 12 months13.1 times。
・From the closing price of 3105 yen on the 21st to the analyst average target stock price of 4166.67 yen34.2%ofRising ExpectationsThere is.
Of insulating materials that protect the surface of semiconductor substratesThe world's leading manufacturer of solder resist (SR, resist ink). The electronics business and the pharmaceutical business are the pillars. The electronics business for the fiscal year ended March '24Strong sales in ChinaAs a result, both sales and operating profit reached record highs. The pharmaceutical business is involved in contract businesses related to regenerative medicine.
・Fiscal year ended 25/3Consolidated sales compared to the previous fiscal year7.7% increaseNet profit of 112.8 billion yen38.7% increaseIt is expected to be 12 billion yen.
・Capital Adequacy RatioIs47.2%。
・This term'sOperating profit growth rate forecastIs12%, next term10%。
・What is the most recent PER20.7 timesSo, what is the expected PER for 12 months13.1 times。
・From the closing price of 3105 yen on the 21st to the analyst average target stock price of 4166.67 yen34.2%ofRising ExpectationsThere is.
◆ $Nippon Kayaku(4272.JP$
High purity of environmentally friendly semiconductorsTop global market share for epoxy resins for encapsulation. The new epoxy manufacturing plant is scheduled to start operation in 25 years. It also handles semiconductor manufacturing equipment. The pharmaceutical business has strengths in anticancer drugs.
・Fiscal year ended 25/3Consolidated sales compared to the previous fiscal year4.1% increaseNet profit of 210 billion yen118.8% increaseIt is expected to be 9 billion yen.
・Capital Adequacy RatioIs74.2%。
・This term'sOperating profit growth rate forecastIs125%, next term27%。
・What is the most recent PER52.3 timesSo, what is the expected PER for 12 months16.7 times。
・From the closing price of 1267 yen on the 21st to the analyst average target stock price of 1400 yen10.5%ofRising ExpectationsThere is.
High purity of environmentally friendly semiconductorsTop global market share for epoxy resins for encapsulation. The new epoxy manufacturing plant is scheduled to start operation in 25 years. It also handles semiconductor manufacturing equipment. The pharmaceutical business has strengths in anticancer drugs.
・Fiscal year ended 25/3Consolidated sales compared to the previous fiscal year4.1% increaseNet profit of 210 billion yen118.8% increaseIt is expected to be 9 billion yen.
・Capital Adequacy RatioIs74.2%。
・This term'sOperating profit growth rate forecastIs125%, next term27%。
・What is the most recent PER52.3 timesSo, what is the expected PER for 12 months16.7 times。
・From the closing price of 1267 yen on the 21st to the analyst average target stock price of 1400 yen10.5%ofRising ExpectationsThere is.
【[Postscript: summary]
・Tri-Chemical Laboratories handles many special materials with high entry barriers and there is a sense of stability due to the high equity ratio, but the total market value is less than 150 billion yen, and it cannot be said that it is easy for overseas investors to participate in terms of turnover, and it seems that they are lagging behind. I want to wait for NVIDIA's financial results for 5/22 (early morning of the 23rd Japan time) and the announcement of the current fiscal year's 1Q financial results to be announced at the end of May.
・Nippon Kayaku's PER forecast range for the next 12 months is the largest of the 9 brands. The dividend yield is also high, and there is a sense of security in buying.
・Shin-Etsu Chemical Co., Ltd., which has an outstanding market capitalization and is large, is not eligible this time, but despite concerns about a slump in the vinyl chloride business, operating profit growth rate forecasts for the current fiscal year and next fiscal year are high, and there is a sense that current stock prices are undervalued.
・The first exchange-traded fund (ETF) linked to the “Japan Semiconductor Stock Index”, “NEXT FUNDS Nikkei Semiconductor Stock Index Linked Exchange Traded Fund” is scheduled to be listed on 6/4. There is a possibility that it will gain popularity among investors who prefer index linkage along with the “Global X Semiconductor-related Japanese Stock ETF” (set date 21/9) linked to the Japan Semiconductor Index according to factset.
―MooMoo News Kathy
Source: Nihon Keizai Shimbun, Bloomberg, Four Seasons, Trader's Web, Moomoo
・Tri-Chemical Laboratories handles many special materials with high entry barriers and there is a sense of stability due to the high equity ratio, but the total market value is less than 150 billion yen, and it cannot be said that it is easy for overseas investors to participate in terms of turnover, and it seems that they are lagging behind. I want to wait for NVIDIA's financial results for 5/22 (early morning of the 23rd Japan time) and the announcement of the current fiscal year's 1Q financial results to be announced at the end of May.
・Nippon Kayaku's PER forecast range for the next 12 months is the largest of the 9 brands. The dividend yield is also high, and there is a sense of security in buying.
・Shin-Etsu Chemical Co., Ltd., which has an outstanding market capitalization and is large, is not eligible this time, but despite concerns about a slump in the vinyl chloride business, operating profit growth rate forecasts for the current fiscal year and next fiscal year are high, and there is a sense that current stock prices are undervalued.
・The first exchange-traded fund (ETF) linked to the “Japan Semiconductor Stock Index”, “NEXT FUNDS Nikkei Semiconductor Stock Index Linked Exchange Traded Fund” is scheduled to be listed on 6/4. There is a possibility that it will gain popularity among investors who prefer index linkage along with the “Global X Semiconductor-related Japanese Stock ETF” (set date 21/9) linked to the Japan Semiconductor Index according to factset.
―MooMoo News Kathy
Source: Nihon Keizai Shimbun, Bloomberg, Four Seasons, Trader's Web, Moomoo
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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