HOYA (HOCPY) AI Stock Analysis

• Market Cap: $51.91B
• Dividend Yield: 0.84%
• Average Volume (3M): 507.00
• Price to Earnings (P/E): 37.1
• Beta (1Y): 0.80
• Revenue Growth: 9.79%
• EPS Growth: 9.53%
• Country: US
• Employees: 35,702
• Sector: Healthcare
• Sector Strength: 45
• Industry: Medical - Instruments & Supplies
• EPS (TTM): 1.05
• Shares Outstanding: 343,122,620
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 507
• PEG Ratio: 2.28
• Price to Book (P/B): 6.06
• Price to Sales (P/S): 6.66
• P/FCF Ratio: 31.53
• Enterprise Value/Market Cap: 0.84
• Enterprise Value/Revenue: 0.05
• Enterprise Value/Gross Profit: 0.06
• Enterprise Value/Ebitda: 0.10
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: $159.00 ▲(3.72% Upside)

HOYA's strong financial performance is the most significant factor driving its overall score, reflecting solid profitability and a stable balance sheet. However, the technical analysis presents mixed signals, with short-term bearish momentum offset by longer-term bullish trends. The valuation suggests the stock is relatively expensive, which may constrain future growth. The absence of notable earnings call insights or corporate events means these factors do not influence the score.

Positive Factors

Revenue Growth

HOYA's robust revenue growth and high margins indicate effective cost management and strong market demand, supporting long-term expansion.

Balance Sheet Health

A low debt-to-equity ratio reflects prudent financial leverage, enhancing financial stability and enabling strategic investments.

Cash Flow Generation

Consistent free cash flow growth ensures liquidity and supports reinvestment in business operations, fostering sustainable growth.

Negative Factors

Operational Efficiency

Operational inefficiencies could hinder profitability and growth, requiring management focus to optimize processes and cost structures.

EBIT and EBITDA Margin Fluctuations

Fluctuating margins may indicate volatility in cost control or pricing power, potentially impacting future profitability if not addressed.

Valuation Constraints

High valuation may limit upside potential, as investors may seek more attractively priced alternatives, affecting stock performance.

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 generates revenue through multiple key streams. The Eye Care segment contributes a significant portion of its income through the sale of prescription lenses, which are marketed to both consumers and optical retailers worldwide. This segment benefits from a growing demand for corrective eyewear due to increasing vision-related issues globally. In the Healthcare segment, revenue is derived from the sale of medical devices such as endoscopes and surgical instruments, which are utilized in various medical procedures. Additionally, HOYA earns revenue from the production of semiconductor materials, which are essential for the electronics industry. The company has established partnerships with major optical retailers and healthcare providers, enhancing its market reach and contributing to its consistent earnings. Overall, HOYA's diverse product offerings and strategic collaborations play a crucial role in its financial performance.

HOYA Financial Statement Overview

Summary

HOYA presents a robust financial profile with strong profitability, a solid balance sheet, and healthy cash flow generation. The company is well-positioned for growth with efficient operations and prudent financial management. While there are minor areas for improvement, particularly in operational efficiency, the overall financial health is commendable.

Income Statement

HOYA demonstrates strong profitability with high gross and net profit margins, indicating efficient cost management and strong pricing power. The company shows robust revenue growth, particularly in the TTM period, reflecting successful business expansion. However, slight fluctuations in EBIT and EBITDA margins suggest potential areas for operational improvement.

Balance Sheet

HOYA maintains a solid balance sheet with a low debt-to-equity ratio, indicating prudent financial leverage and strong equity position. The return on equity is impressive, showcasing effective management of shareholder funds. The equity ratio is healthy, reflecting a stable financial structure with substantial asset backing.

Cash Flow

The company exhibits strong cash flow generation with consistent growth in free cash flow. The operating cash flow to net income ratio indicates efficient conversion of earnings into cash. However, the free cash flow to net income ratio, while solid, suggests room for further improvement in cash flow efficiency.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	875.46B	885.82B	762.61B	734.10B	670.33B	558.26B
Gross Profit	688.65B	766.25B	421.69B	631.86B	567.28B	474.98B
EBITDA	428.77B	310.00B	285.70B	259.78B	243.96B	200.27B
Net Income	206.78B	202.10B	181.38B	168.64B	164.51B	125.45B
Balance Sheet
Total Assets	1.23T	1.23T	1.20T	1.03T	992.84B	853.29B
Cash, Cash Equivalents and Short-Term Investments	533.64B	538.53B	525.16B	426.27B	426.63B	338.79B
Total Debt	39.24B	37.28B	29.24B	24.58B	21.60B	20.75B
Total Liabilities	258.76B	262.65B	241.36B	213.72B	203.78B	180.88B
Stockholders Equity	976.83B	974.02B	967.76B	818.32B	803.85B	688.00B
Cash Flow
Free Cash Flow	145.97B	187.19B	181.73B	168.36B	161.18B	120.57B
Operating Cash Flow	182.62B	235.11B	222.80B	201.83B	190.06B	151.81B
Investing Cash Flow	-27.97B	-33.19B	-35.81B	-47.50B	-29.30B	-29.79B
Financing Cash Flow	-142.95B	-190.35B	-110.89B	-194.59B	-106.72B	-115.67B

HOYA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 153.29
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HOCPY, the sentiment is Positive. The current price of 153.29 is above the 20-day moving average (MA) of 150.80, above the 50-day MA of 152.41, and above the 200-day MA of 130.27, indicating a bullish trend. The MACD of -0.19 indicates Negative momentum. The RSI at 52.53 is Neutral, neither overbought nor oversold. The STOCH value of 58.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HOCPY.

HOYA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ISRG	78 Outperform	$194.04B	71.78	16.90%	―	22.18%	21.37%
RMD	76 Outperform	$36.84B	25.83	25.41%	0.90%	9.36%	29.56%
HOLX	69 Neutral	$16.68B	30.20	11.12%	―	1.74%	-25.29%
HOCPY	68 Neutral	$51.91B	37.06	20.74%	0.84%	9.79%	9.53%
WST	68 Neutral	$19.61B	40.37	16.94%	0.32%	4.90%	-0.26%
BDX	67 Neutral	$57.34B	34.54	6.54%	2.08%	8.23%	-2.04%
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%

HOYA Corporate Events

Hoya Corp Reports Strong Quarterly Revenue Growth

Hoya Corporation is a diversified technology company operating primarily in the life care and information technology sectors, known for its high-value-added products such as eyeglass lenses and semiconductor mask blanks. In its latest earnings report, Hoya Corp announced a 9.2% increase in revenue for the quarter ending September 30, 2025, reaching 234,494 million yen, with a profit before tax rising by 14.5% to 71,930 million yen. The company’s performance was bolstered by strong sales in both its Life Care and Information Technology segments, with notable growth in eyeglass lenses and semiconductor-related products. The Life Care segment saw a 7.8% revenue increase, driven by robust sales in Europe and successful M&A activities, while the Information Technology segment experienced an 11.9% revenue boost due to high demand for advanced semiconductor products. Looking ahead, Hoya Corp remains optimistic about its growth prospects, focusing on expanding its market presence and enhancing product offerings across its business segments.