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Data-driven stock valuation

Disco Corp ADR (DSCSY) fair value: what the stock is really worth

We calculate from audited financials what Disco Corp ADR is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Technology · US · Market cap $59.6B · ISIN US25461D1000

At a glance

DC Disco Corp ADR logo Disco Corp ADR DSCSY · US
Price$36.04
Fair Value$23.44
Upside−35.0%
Quality73/100

A solid business, but trading 54% above our fair value of $23.44.

As of Sep 8, 2026, the fair value of Disco Corp ADR is $23.44 per share against a price of $36.04, so the fair value sits 35% below the price. A model estimate from reported figures, not an analyst target.

Healthy Growth (revenue 5y +20.4 %/yr)
Highly profitable · 31.0% net margin
Low debt · generates free cash flow
·0.52% dividend yield
Ranks above peers (10/15)
Wide moat 90/100
!Evidence only medium, so the estimate is less certain
!Weak on dividend: 10 out of 100
Evidence: Medium Range $13.04 to $30.14

Fair value as of: Sep 8, 2026

From 24 valuation models · updated today

Fair value updated Sep 8, 2026, revised from $23.08 to $23.44 (+1.6%) since Sep 5, 2026. Share price −9.2% over the past month.

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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • A high-quality business (quality 73/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case ($30.14). The favourable scenario is already priced in.
  • A fairly wide model range ($13.04 to $30.14) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

$55.30 $6.34 Fair Value $23.44 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 8, 2026.

How to read this chart

60‑month range $6.34 – $55.30 · fair‑value band $13.04 – $30.14 · the $36.04 price screens above the $23.44 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 8, 2026.

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Analysis

Disco Corp ADR (DSCSY) currently trades at $36.04, while our model-based Fair Value estimate is $23.44, implying the stock looks roughly 53.8% overvalued today. The Quality Score stands at 73/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of $19.26 per share, and 0 of the 24 models we run sit above the $36.04 price. Bear case: the Economic Profit group reads lowest at $7.41, and 24 of the 24 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Disco Corp ADR generated revenue of ¥437B at a net margin of 31.0%. Revenue grew 16.8% year over year. It earns a return on equity of 26.5%. The balance sheet holds a net cash position of ¥286B. Fundamentals as of Sep 8, 2026

Scenario range: $13.04 (bear) to $30.14 (bull), the price of $36.04 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 36% below its 52-week high and 54% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −71% fair-value upside, at −35%, DSCSY screens cheaper than that median.

Fair Value models

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF best evidence $9.50 $16.28 $28.37 78
Growth DCF $9.41 $15.53 $26.09 76
Owner Earnings $10.85 $18.80 $32.96 74
All 24 models by family
DCF Models
FCF DCF best evidence $9.50 $16.28 $28.37 78
Owner Earnings $10.85 $18.80 $32.96 74
5Y Revenue Exit $10.46 $17.92 $28.25 71
5Y EBITDA Exit $14.51 $26.41 $41.71 73
5Y P/E Exit $15.13 $27.72 $42.48 69
10Y Revenue Exit $9.75 $16.79 $27.99 65
10Y EBITDA Exit $12.78 $23.08 $39.46 66
10Y P/E Exit $13.20 $24.05 $40.11 62
Earnings-Based
Graham-Dodd $5.61 $27.62 $38.09 64
Lynch FV $7.43 $10.62 $13.81 61
PEG = 1.0 $7.43 $10.62 $13.81 57
EPV $9.51 $10.82 $11.97 74
Multiples
P/E Multiple $17.32 $23.09 $28.86 63
P/S Multiple $10.51 $14.02 $17.52 58
P/B Multiple $10.51 $14.02 $17.52 55
EV/EBIT $21.79 $28.51 $35.23 66
EV/EBITDA $17.97 $23.42 $28.86 67
EV/Revenue $10.94 $14.93 $18.92 54
Asset-Based
NCAV (Graham) $1.69 $2.27 $3.39 54
Growth DCF
Growth DCF $9.41 $15.53 $26.09 76
Rev-Margin DCF $10.46 $17.65 $27.12 71
Economic Profit
Residual Income $5.50 $7.41 $39.74 58
ROIC Compounder $10.33 $12.80 $15.71 72
Growth Earnings
Growth-Adj P/E $13.48 $19.26 $25.04 67

Widest divergence: Growth Earnings ($19.26) versus Asset-Based ($2.27). Highest evidence: FCF DCF (78).

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Key figures & financial health

P/E ratio 46.2
P/S ratio 14.3 P/E × margin
EPS (TTM) $0.7800 price ÷ EPS = P/E 46.2
Dividend yield 0.5% payout 24.0%
Net margin 31.0% FY2026
Return on equity 26.5% TTM
More key figures
Profitability
Return on assets (EBIT) 23.9% avg 5y
Operating margin 44.0% TTM
Growth
Revenue (TTM) ¥437B TTM
Revenue growth (YoY) +16.8% 3y avg +17.7%
EPS growth (YoY) +15.4%
Balance sheet & cash flow
Free cash flow ¥104B FY2026
Net cash ¥286B FY2026

Figures from reported company fundamentals · as of Sep 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 73/100

Of which business quality 74 · Market factors (momentum, volatility) 46

Profitability 81
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 29
Disciplined investing over empire-building
Low Volatility 28
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 63
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Disco Corporation manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally. Its precision machines include dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, and waterjet saws.

Full company description

Disco Corporation manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally. Its precision machines include dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, and waterjet saws. The company also offers precision processing tools, such as dicing blades, grinding wheels, and dry polishing wheels; and other products, such as accessory equipment, cut-off wheels, and related products. In addition, it is involved in the maintenance, disassembly, and recycling of precision cutting, grinding, and polishing machines, as well as provides training services for the maintenance and operation of its machines. Further, the company leases precision machines; and purchases and sells used machines. Additionally, it manufactures and sells precision diamond abrasive tools; and offers chargeable processing services. The company was founded in 1937 and is based in Tokyo, Japan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Disco Corp ADR reported revenue of ¥463B in FY2026 versus ¥254B in FY2022, a compound +16.2%/yr. Reported net income was ¥144B in FY2026, compounding +21.4%/yr from FY2022.

Growth Quality 80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
$463B
Latest YoY
+17.8%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+17.7%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+20.4%
Avg. revenue growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.2%
Value creation/yr (5Y, in JPY) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in JPY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +30.2%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+29.7%
Dividend yield0.5%
Trend Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 29.7% vs 10Y 20.0%, picking up
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.29.0% (2021) → 42.1% (2026) · rising
Worst earnings drop98% (2009) · in USD
⚠ Final year 2026 sits 71% above trend (one-off), rate approximate
Revenue +16.2%/yr
FY22 ¥254B
FY23 ¥284B
FY24 ¥308B
FY25 ¥393B
FY26 ¥463B
Net income +21.4%/yr
FY22 ¥66.2B
FY23 ¥82.9B
FY24 ¥84.2B
FY25 ¥124B
FY26 ¥144B
Character of growth · EPS growth decomposed (2015-2026) +20.0 % p.a.
Revenue per share +12.9 %

of which total revenue +13.0 % · buybacks/dilution −0.1 %

EBIT margin +6.9 %
Tax rate −0.3 %
Residual (interest, one-offs) −0.2 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

DSCSY screens 54% overvalued. Compare with ASML Holding →

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Cite: Fair Value Calculator (2026). "Disco Corp ADR Fair Value". https://www.fairvalue-calculator.com/stock/DSCSY

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Semiconductor Equipment & Materials · 213 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation
Quality Score 73 · Top 25%
Fair Value upside −36% · Above median
Profitability
Return on equity (TTM) 27% · Top 25%
Return on assets 17% · Top 25%
Net margin (TTM) 31% · Top 25%
Operating margin (TTM) 44% · Top 25%
Growth and dividend
Revenue growth 17% · Above median
Dividend yield (TTM) 0.5% · Below median

Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper

P/E (TTM) 46.2× · Cheaper than median
P/FCF 0.6× · Cheaper than median
PEG 2.80× · Priciest 25%

What the price implies (reverse DCF)

The inverse question: what free-cash-flow growth must Disco Corp ADR deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.

Implied FCF growth, 10 years+20.8 % per year
Achieved revenue growth, 5 years+20.4 % p.a.
Sector median revenue growth+8.2 %
FCF yield on price1.72 %
Discount rate (WACC) in the models9.4 %

The price demands roughly the growth the company recently delivered. Ranking of the largest stocks →

Context: sector, industry, market

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE84 · sector 60
PAST100 · sector 30
HEALTH100 · sector 96
DIVIDEND10 · sector 16

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Sep 8, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML €1,500 €604.27 −60%
Applied Materials, Inc AMAT $454.71 $183.10 −60%
Lam Research Corporation LRCX $307.65 $91.80 −70%
KLA Corporation KLAC $175.54 $74.58 −58%
NAURA Technology Group 002371 ¥707.90 ¥205.30 −71%
Teradyne, Inc TER $354.97 $65.80 −81%
Advanced Micro-Fabrication Equipment Inc 688012 ¥335.42 ¥55.05 −84%
Piotech Inc 688072 ¥685.11 ¥89.27 −87%
Hon. Precision, Inc 7769 6,445 TWD 1,804 TWD −72%
Hangzhou Changchuan Technology Co 300604 ¥284.80 ¥46.26 −84%

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Frequently asked questions

Is Disco Corp ADR (DSCSY) overvalued or undervalued?
As of Sep 8, 2026, our model estimates a fair value of $23.44 versus a price of $36.04, about −35% upside (overvalued).
What is the fair value of DSCSY?
Our model-based fair value for Disco Corp ADR is $23.44 (as of Sep 8, 2026), built from audited fundamentals. The current price: $36.04.
What is the quality score of DSCSY?
Disco Corp ADR has a Quality Score of 73/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Disco Corp ADR (DSCSY)?
Our model-based price target is the fair value of $23.44 (as of Sep 8, 2026) from 24 valuation models. Cautious scenario $13.04, optimistic scenario $30.14. It is a calculation from audited fundamentals, not an analyst target.
What is the Disco Corp ADR stock forecast for 2026?
Our models put fair value at $23.44, about −35% upside versus a price of $36.04 (overvalued). Cautious scenario $13.04, optimistic scenario $30.14. The calculation is refreshed regularly with new filings.
What is the revenue of Disco Corp ADR (DSCSY)?
Disco Corp ADR reported trailing-twelve-month revenue of about ¥437B (latest available figure, as of Sep 8, 2026).
What is the net profit margin of DSCSY?
The net profit margin of Disco Corp ADR is about 31.0%, meaning it keeps roughly 31.0% of revenue as net income. Based on the latest reported figures.
Does Disco Corp ADR pay a dividend?
Disco Corp ADR currently shows a dividend yield of about 0.52% relative to its recent price (as of Sep 8, 2026).
What growth is priced into Disco Corp ADR (DSCSY)?
For today's price to be fair in a discounted-cash-flow model, Disco Corp ADR would have to grow free cash flow by +20.8 % per year for ten years (discount rate 9.4 %, then 2 % perpetual growth). Over the last 5 years revenue grew +20.4 % per year. As of Sep 8, 2026.
What discount rate (WACC) does the fair value of DSCSY use?
Our models discount Disco Corp ADR at 9.4 %: a base by market capitalisation (large), damped by beta 1.06, country premium for USA. The same rate applies in all 26 models.
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