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Kyocera Corp 6971

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Stock XTKS Rating as of
JPY 1,917.00 −14.00 (0.73%)
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As of Delayed Price Pre-Open: JPY 1,917.00 0.00
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Company Report

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Kyocera: Capacity Utilization Recovery Expected to Lag Peers

Kazunori Ito

Kyocera is a Japanese conglomerate that manufactures an array of ceramic components and electronic devices. The company has repeatedly made bolt-on acquisitions to prop up tepid organic growth, but with approximately 300 subsidiaries and three major reporting segments, we think Kyocera has been unable to realize meaningful synergies from them. With its hand in so many different businesses, many of which are unrelated to its core business, the firm has been unable to focus its resources on its most profitable segments.

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Price vs Fair Value

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6971 is trading at a 385% premium.
Price
JPY 1,917.00
Fair Value
JPY 3,271.00
Uncertainty
Medium
1-Star Price
JPY 7,662.10
5-Star Price
JPY 9,862.00
Economic Moat
Pcgy
Capital Allocation
Htbthnq

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.

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Trading Information

Previous Close Price
JPY 1,931.00
Day Range
JPY 1,907.50–1,939.00
52-Week Range
JPY 1,753.50–2,333.50
Bid/Ask
JPY 1,918.50 / JPY 1,919.00
Market Cap
JPY 2.70 Tril
Volume/Avg
2.7 Mil / 4.0 Mil

Key Statistics

Price/Earnings (Normalized)
23.91
Price/Sales
1.35
Dividend Yield (Trailing)
2.61%
Dividend Yield (Forward)
2.61%
Total Yield
4.46%

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

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Metric
6971
6981
6976
Price/Earnings (Normalized)
 23.9132.6866.87
Price/Book Value
 0.842.651.71
Price/Sales
 1.354.121.84
Price/Cash Flow
 11.0517.4313.59
Price/Earnings
No chart available

Financial Strength

Metric
6971
6981
6976
Quick Ratio
 1.812.942.14
Current Ratio
 3.064.723.46
Interest Coverage
 5.00145.4417.83
Quick Ratio
No chart available

Profitability

Metric
6971
6981
6976
Return on Assets (Normalized)
 2.42%7.36%2.51%
Return on Equity (Normalized)
 3.32%8.83%4.25%
Return on Invested Capital (Normalized)
 2.09%8.00%2.93%
Return on Assets
No chart available
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