HOYA (HOCPY) AI Stock Analysis

• Market Cap: $36.05B
• Dividend Yield: 0.48%
• Average Volume (3M): 6.91K
• Price to Earnings (P/E): 26.4
• Beta (1Y): 0.93
• Revenue Growth: 4.38%
• EPS Growth: 16.89%
• Country: US
• Employees: 35,702
• Sector: Healthcare
• Sector Strength: 66
• Industry: Medical - Instruments & Supplies
• EPS (TTM): 0.94
• Shares Outstanding: 345,859,220
• 10 Day Avg. Volume: 20,718
• 30 Day Avg. Volume: 6,906
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 7.04
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

HOYA's strong financial performance is a major strength, supported by consistent revenue growth, solid profit margins, and efficient management. However, technical analysis indicates a bearish trend, and the high P/E ratio suggests potential overvaluation. The low dividend yield also limits appeal for income investors.

HOYA Business Overview & Revenue Model

Company Description

HOYA Corporation operates as a med-tech company, and a supplier of high-tech and medical products worldwide. The company offers life care products, including eyeglass and contact lenses; medical endoscopes; intraocular lenses; laparoscopic surgical instruments; automatic endoscope cleaning equipment; and medical related products, such as prosthetic ceramic fillers and metallic implants. It also operates Eyecity, a specialty retailer of contact lenses. In addition, the company provides information technology products, such as mask blanks and photomasks for manufacturing semiconductor chips; photomasks for liquid crystal display panels; glass disks for hard disk drives; and imaging products that include optical glasses/optical lenses, colored glass filters, and laser equipment/UV light resources. Further, it offers ReadSpeaker, a speech synthesis software; and cloud services comprising Kinnosuke that is a time and attendance management service, and Yonosuke, an electronic payslip service. HOYA Corporation was founded in 1941 and is headquartered in Tokyo, Japan.

How the Company Makes Money

HOYA Corporation generates revenue through its two main business segments: Life Care and Information Technology. In the Life Care segment, the company earns money from the sale of eyeglass lenses, which are distributed globally, and medical products like endoscopes and intraocular lenses, catering to the healthcare industry. The Information Technology segment contributes to revenue through the production and sale of photomasks used in semiconductor manufacturing, glass substrates for hard disk drives, and other optical components. HOYA's business model is supported by strategic partnerships with healthcare providers and technology companies, along with continuous investment in research and development to innovate and meet market demands. The company's diversified product portfolio and global reach are significant factors in its earnings.

HOYA Financial Statement Overview

Summary

HOYA demonstrates robust financial health across key financial statements. The company shows consistent revenue and profit growth, efficient operational management, and strong cash flow generation. Its balance sheet is solid with minimal debt, high equity, and strong returns on equity. Overall, HOYA is well-positioned in its industry with impressive financial metrics.

Income Statement

HOYA exhibits strong income statement performance with consistently growing revenue and solid profit margins. The gross profit margin remains robust at approximately 55.3%, and net profit margin is healthy at 23.8% for the latest annual period. Revenue has shown a positive growth trend with a 3.9% increase from the previous year. EBIT and EBITDA margins are strong at 46.4% and 37.5% respectively, indicating efficient operational management.

Balance Sheet

HOYA's balance sheet reflects a stable financial position. The debt-to-equity ratio is very low at 0.03, indicating minimal reliance on debt financing. Return on equity is impressive at 18.8%, showcasing effective use of shareholder funds. The equity ratio stands at 80.4%, highlighting a strong capital structure with substantial equity backing.

Cash Flow

The cash flow statement shows strong cash generation abilities. Free cash flow has grown by 7.9% over the last year, and the operating cash flow to net income ratio is 1.23, indicating healthy cash conversion from profits. The free cash flow to net income ratio is also favorable at 1.00, underscoring the company's ability to generate cash relative to its net earnings.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
807.35B	762.61B	734.10B	670.33B	558.26B	582.47B
	Gross Profit
616.72B	421.69B	631.86B	567.28B	474.98B	488.09B
	EBIT
264.12B	353.80B	210.17B	200.94B	163.93B	147.72B
	EBITDA
267.89B	285.70B	259.78B	243.96B	200.27B	182.09B
	Net Income Common Stockholders
190.14B	181.38B	168.64B	164.51B	125.45B	114.41B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
173.31B	525.16B	426.27B	426.63B	338.79B	319.29B
	Total Assets
549.74B	1.20T	1.03T	992.84B	853.29B	811.01B
	Total Debt
105.42B	29.24B	24.58B	21.60B	20.75B	21.97B
	Net Debt
-67.89B	-495.92B	-381.31B	-397.80B	-314.15B	-296.02B
	Total Liabilities
198.26B	241.36B	213.72B	203.78B	180.88B	181.74B
	Stockholders Equity
350.28B	967.76B	818.32B	803.85B	688.00B	645.04B
Cash Flow		Free Cash Flow
175.10B	181.73B	168.36B	161.18B	120.57B	118.19B
	Operating Cash Flow
220.32B	222.80B	201.83B	190.06B	151.81B	163.37B
	Investing Cash Flow
-32.13B	-35.81B	-47.50B	-29.30B	-29.79B	-47.38B
	Financing Cash Flow
-135.03B	-110.89B	-194.59B	-106.72B	-115.67B	-85.47B

HOYA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 108.56
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HOCPY, the sentiment is Negative. The current price of 108.56 is below the 20-day moving average (MA) of 109.91, below the 50-day MA of 116.29, and below the 200-day MA of 128.12, indicating a bearish trend. The MACD of -3.09 indicates Negative momentum. The RSI at 46.20 is Neutral, neither overbought nor oversold. The STOCH value of 88.65 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HOCPY.

HOYA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RMD	77 Outperform	$31.27B	25.15	25.65%	0.97%	9.38%	40.38%
COO	75 Outperform	$15.90B	38.45	5.25%	―	7.15%	41.96%
HOCPY	73 Outperform	$36.05B	26.44	21.60%	0.48%	4.38%	16.89%
WST	64 Neutral	$14.60B	30.20	17.71%	0.41%	-1.93%	-15.47%
BLCO	61 Neutral	$4.26B	―	-4.76%	―	15.56%	-21.60%
STAA	54 Neutral	$833.11M	55.81	-5.16%	―	-2.64%	-193.31%
Sector *	51 Neutral	$5.19B	3.12	-41.08%	2.95%	17.98%	2.02%