Morningstar

Kyocera Corp ADR KYOCY

Morningstar Rating
Unlock
Stock PINX Rating as of
$11.50 −0.10 (0.86%)
View Full Chart
As of Delayed Price Closed

Company Report

View Archive

Kyocera Earnings: Weak Demand for Automobiles and Servers Offset by Weaker Japanese Yen

Kazunori Ito

Kyocera’s June-quarter operating income of JPY 21 billion was down 18% from the previous year and broadly in line with our expectations. However, given the weaker Japanese yen, it was actually lower than we had expected on a constant-currency basis due to sluggish demand for electronic components, while solution businesses such as copiers and industrial tools were relatively resilient. However, we maintain our earnings forecasts and our fair value estimate for Kyocera at JPY 2,050 per share and USD 14.50 per US ADR, as component demand is stagnating only in limited areas such as passive components for automobiles in Europe and circuit board components for servers, and we believe that server demand will pick up soon. Kyocera’s current share price is below book value, and we believe the market underestimates the solid profitability and healthy balance sheet provided by Kyocera’s well-diversified business portfolio.

Read Full Report

Price vs Fair Value

View History
KYOCY is trading within a range we consider fairly valued.
Price
$11.50
Fair Value
$36.10
Uncertainty
Medium
1-Star Price
$38.96
5-Star Price
$51.71
Economic Moat
Dlmxr
Capital Allocation
Kfxwgxfcd

Bulls Say, Bears Say

Bulls

Manufacturers of automotive components, such as Kyocera, should benefit from the secular trend toward increased semiconductor content in vehicles.

Bears

Kyocera sells a disparate array of products, in our view, with little to show in the way of market leadership.

Show More

Trading Information

Previous Close Price
$11.60
Day Range
$11.45–11.54
52-Week Range
$10.66–15.50
Bid/Ask
$11.31 / $11.71
Market Cap
$16.20 Bil
Volume/Avg
41,519 / 56,737

Key Statistics

Price/Earnings (Normalized)
20.72
Price/Sales
1.20
Dividend Yield (Trailing)
2.83%
Dividend Yield (Forward)
2.83%
Total Yield
3.12%

Company Profile

Kyocera is a Japanese conglomerate whose original business consisted of manufacturing fine ceramic components; the firm has since expanded into manufacturing handsets, printers, solar cells, and industrial tools. As a result of reorganization, the firm now consists of three major business segments, which are the core components business (29% of 2022 revenue), electronic components business (19% of revenue), and solutions business (53% of revenue).
Sector
Industrials
Industry
Conglomerates
Stock Style Box
Large Core
Total Number of Employees
79,185
Website
http://www.kyocera.co.jp

Competitors

Valuation

View More
Metric
KYOCY
6976
6981
Price/Earnings (Normalized)
 20.7243.8525.36
Price/Book Value
 0.811.122.01
Price/Sales
 1.201.203.09
Price/Cash Flow
 9.838.9112.98
Price/Earnings
KYOCY
6976
6981

Financial Strength

Metric
KYOCY
6976
6981
Quick Ratio
 1.812.143.06
Current Ratio
 3.063.465.16
Interest Coverage
 5.0017.83—
Quick Ratio
KYOCY
6976
6981

Profitability

Metric
KYOCY
6976
6981
Return on Assets (Normalized)
 2.42%2.51%7.89%
Return on Equity (Normalized)
 3.32%4.25%9.41%
Return on Invested Capital (Normalized)
 2.09%2.93%8.92%
Return on Assets
KYOCY
6976
6981

Conglomerates Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Honeywell International Inc
HON
WjgzgkltfkGqsj$132.5 Bil
 Hitachi Ltd
HTHIF
—Wfrc$122.6 Bil
 Hitachi Ltd ADR
HTHIY
—Dpt$122.6 Bil
 Mitsubishi Corp ADR (Unsponsored)
MTSUY
—Ldmgfr$84.9 Bil
 Mitsubishi Corp
MSBHF
—Prtjgrz$84.9 Bil
 ITOCHU Corp ADR
ITOCY
—Vcwldrb$78.1 Bil
 ITOCHU Corp
ITOCF
—Zxdkxx$78.1 Bil
 3M Co
MMM
PtknfjnbZlnhgz$74.4 Bil
 Mitsui & Co Ltd ADR
MITSY
—Bgpjlnx$68.2 Bil

Sponsor Center