Independent Insight Provider, Japanese equities, LightStream Research

Scott Foster

Securities analyst covering electronics, precision equipment & robotics, engineering, construction, transport and other sectors for more than 25 years in Japan and 3 years in Korea. Permanent resident of Japan.

Independent Insight Provider, Japanese equities

Hamamatsu Photonics (6965 JP): Difficult Year Ahead

Hamamatsu Photonics (6965 JP): Earning Momentum Fading

Hamamatsu Photonics (6965 JP): Next Three Years in the Price

Hamamatsu Photonics (6965 JP): Fully Valued, Take Profits

Gravity Works As WeWork Doesn't; Now Plan B

Hamamatsu Photonics (6965 JP): Likely to Consolidate Recent Gains

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

Hamamatsu Photonics Kk / Equity Bottom-Up

<ul>
<li>Every so often, sudden shocks reduce Hamamatsu Photonics' usually high valuations. This is one of those times. </li>
<li>Valuations are starting to look attractive compared with their 5-year ranges. But not compared with their 10-year ranges.</li>
<li>Strong 1Q results support FY Sep-22 guidance. Management's 3-year sales and profit forecast would be reasonable in a normal operating environment. But the environment is not normal. </li>
</ul>


Every so often, sudden shocks reduce Hamamatsu Photonics' usually high valuations. This is one of those times. 
Valuations are starting to look attractive compared with their 5-year ranges. But not compared with their 10-year ranges.
Strong 1Q results support FY Sep-22 guidance. Management's 3-year sales and profit forecast would be reasonable in a normal operating environment. But the environment is not normal. 


Hamamatsu Photonics (6965 JP): Choose an Entry Point Carefully