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Japanese maker of silicon/quartz components and materials for semiconductor equipment, plus thermoelectric (Peltier) modules.
Japanese maker of silicon/quartz components and materials for semiconductor equipment, plus thermoelectric (Peltier) modules.
Earns from consumable parts that wear out in chipmaking equipment and are bought repeatedly by equipment makers and fabs, and from silicon wafers made at its Chinese plants. Founder Akira Yamamura started it in 1980 around ferrofluid, a magnetic liquid used in vacuum seals.
In one line: A Japanese picks-and-shovels supplier to chipmakers, like a smaller Entegris.
Moat: narrow (process know-how, customer qualification). Long-qualified supplier of ultra-pure silicon/quartz parts into semiconductor fab equipment supply chains.
Headquarters: Chiba, Japan · Founded: 1980 · Employees: 16,858
Size Ferrotec (6890.T) is a Japan Information Technology company (Semiconductors) with a market value of $2.08B, the 467th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥6,087 on 6 Nov 2026.
Performance Over six months the shares fell 19.2%, against -32.6% for the median peer and +1.8% for the Japan market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 42.6% over the last twelve months (peer median +10.4%); the operating margin is 12.2% (peer median 3.9%).
Valuation It trades at 8.3× forward earnings against a peer median of 38.1× (cheapest of 17).
Capital Return on invested capital runs 4.9 points below its cost of capital (10.8% WACC).
Next results Next results expected around 16 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥402B | ¥289B | ¥274B | ¥222B | ¥211B |
| Revenue growth | — | +5% | +23% | +6% | — |
| Gross profit | ¥119B | ¥81.3B | ¥73.4B | ¥69.9B | ¥72.1B |
| EBITDA | ¥85.5B | ¥55.2B | ¥47.9B | ¥41.5B | ¥47.8B |
| Net income | ¥33.7B | ¥14.9B | ¥15.7B | ¥15.2B | ¥29.7B |
| Free cash flow | n/a | -¥24.9B | -¥25.2B | -¥45.8B | -¥13.0B |
| Capital expenditure | n/a | ¥54.6B | ¥51.8B | ¥75.2B | ¥57.0B |
| Total debt | ¥177B | ¥213B | ¥170B | ¥141B | ¥75.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Ferrotec 6890.T | $2.08B | -19% | +43% | 12% | 8.3× | n/a |
| Shin-etsu Chemical 4063.T | $66.5B | -27% | +5% | 25% | 17.2× | 8.9% |
| Toray Industries 3402.T | $11.1B | +6% | +6% | 6% | 16.6× | 5.5% |
| Entegris ENTG | $19.6B | -14% | +9% | 19% | 23.7× | 26.3% |
| Sumco 3436.T | $3.96B | -28% | +4% | -4% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 6890.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -49.8% | -18.4% | lowest of 21 |
| 6-month return | -19.2% | -32.6% | 5th highest of 21 |
| Distance from 52-week high | -50.6% | -58.7% | 8th highest of 21 |
| Revenue growth (TTM) | +42.6% | +10.4% | 4th highest of 21 |
| Operating margin | 12.2% | 3.9% | 9th highest of 21 |
| Forward P/E | 8.3× | 38.1× | cheapest of 17 |
| ROIC minus cost of capital | -4.9 pp | -6.6 pp | 8th highest of 21 |
| EV / EBITDA | 5.6× | 26.7× | cheapest of 6 |
| Net debt / EBITDA | 0.6× | -2.3× | most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ferrotec 6890.T | Japan | $2.08B | -19% | +43% | 12% | 8.3× | n/a | n/a |
| China Wafer Level CSP 603005.SS | China | $2.10B | -31% | +7% | 23% | 28.7× | 28.3% | +6.2% |
| Beijing BDStar Navigation 002151.SZ | China | $2.10B | -36% | +35% | -14% | n/a | n/a | n/a |
| Micronics Japan 6871.T | Japan | $2.11B | -33% | +38% | 28% | 14.1× | n/a | n/a |
| Elmos Semiconductor ELG.DE | Germany | $2.13B | -36% | +9% | 20% | 16.2× | 12.9% | +20.2% |
| Shanghai Belling Corp.,Ltd 600171.SS | China | $2.14B | -30% | +11% | 4% | n/a | 39.4% | +19.1% |
| Union Semiconductor (Hefei) 688403.SS | China | $2.15B | -14% | +13% | 3% | 56.1× | n/a | n/a |
| Guangdong Tianyu Semiconductor 2658.HK | Hong Kong | $2.17B | -3% | +52% | -30% | 59.4× | n/a | n/a |
| nLIGHT LASR | United States | $2.19B | +72% | +43% | -5% | 61.8× | 39.2% | +3.2% |
| Wuxi Taclink Optoelectronics Technology 688205.SS | China | $2.20B | -62% | +20% | 3% | 180.7× | n/a | n/a |
| Xiamen UX IC 688807.SS | China | $2.22B | -48% | +26% | 13% | 144.5× | n/a | n/a |
| Southchip Semiconductor Technology (Shanghai) 688484.SS | China | $1.95B | -21% | +9% | -2% | 882.8× | n/a | n/a |
| HPSP 403870.KS | South Korea | $1.95B | -37% | -20% | 53% | 22.1× | 15.6% | +23.1% |
| Ennostar 3714.TW | Taiwan | $2.23B | -23% | -5% | -13% | n/a | n/a | n/a |
| POWI POWI | United States | $2.25B | -45% | +2% | 8% | 22.9× | 35.9% | -1.9% |
| GCL System Integration Technology 002506.SZ | China | $2.26B | -39% | -32% | -10% | n/a | 31.8% | +20.8% |
| Xiamen Changelight 300102.SZ | China | $2.26B | -50% | -38% | -2% | 71.3× | 34.6% | +21.1% |
| Giantec Semiconductor 688123.SS | China | $2.27B | -23% | +13% | 22% | 23.3× | 39.2% | +19.8% |
| Chengdu Sino-Microelectronics Tech 688709.SS | China | $1.90B | -47% | -15% | -19% | 29.9× | n/a | n/a |
| Hermes Testing Solutions 7856.TWO | Taiwan | $2.29B | -32% | +52% | 12% | 46.2× | 52.1% | +51.8% |
| Psk 031980.KS | South Korea | $1.89B | -4% | +7% | 36% | 19.2× | 19.3% | +39.2% |