HOYA (HOCPY) AI Stock Analysis

• Market Cap: $42.50B
• Dividend Yield: <0.01%
• Average Volume (3M): 1.39K
• Price to Earnings (P/E): 32.3
• Beta (1Y): 0.79
• Revenue Growth: 7.74%
• EPS Growth: 7.29%
• Country: US
• Employees: 35,702
• Sector: Healthcare
• Sector Strength: 40
• Industry: Medical - Instruments & Supplies
• EPS (TTM): 1.03
• Shares Outstanding: 343,122,620
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 1,392
• PEG Ratio: -19.38
• Price to Book (P/B): 6.42
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 32.95
• 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: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 72 Outperform
• Price Target: $130.00 ▲(4.60%Upside)

HOYA's strong financial performance is the primary driver of its overall stock score, reflecting robust profitability, minimal leverage, and effective cash flow management. The technical analysis suggests limited momentum, with the stock trading below key moving averages, impacting its attractiveness. The valuation indicates the stock is relatively expensive, which may be a deterrent for value-focused investors. The absence of new earnings call data and corporate events means these factors do not influence the score.

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 makes money through a diverse range of revenue streams that span its two primary segments: Life Care and Information Technology. In the Life Care segment, the company generates revenue from the sale of eyeglass lenses, contact lenses, and medical endoscopes, which are distributed globally through various retail partners and healthcare providers. In the Information Technology segment, HOYA earns income from the production and sale of photomasks and mask blanks, which are critical components in the semiconductor manufacturing process, as well as glass substrates used in hard disk drives. The company benefits from strategic partnerships and a strong global distribution network, which enhance its ability to reach customers and drive sales across different markets.

HOYA Financial Statement Overview

Summary

HOYA exhibits strong financial health across all verticals, driven by effective revenue growth, robust profitability, minimal leverage, and solid cash flow generation. The company's financial position is fortified by high equity levels and substantial cash reserves, positioning it well for sustained growth and resilience against economic challenges. Despite minor fluctuations in growth rates and cash flow metrics, the overall financial trajectory remains positive and stable.

Income Statement

HOYA demonstrates strong profitability with robust gross profit and net profit margins across the years. The company has shown consistent revenue growth, achieving an impressive revenue growth rate from 2024 to 2025, indicating solid market demand and operational efficiency. The EBIT and EBITDA margins are also healthy, reflecting effective cost management. However, the growth rate between 2020 and 2021 was less pronounced, suggesting some variability in revenue expansion.

Balance Sheet

HOYA's balance sheet is notably strong, characterized by a high equity ratio indicating substantial shareholder funding compared to total assets. The debt-to-equity ratio is low, highlighting minimal leverage and reduced financial risk. Return on equity is strong, showcasing effective management in generating returns from shareholder investment. The company's substantial cash reserves further enhance financial stability.

Cash Flow

The cash flow statement reflects a positive trajectory, with consistent free cash flow generation supporting the company's growth initiatives. The operating cash flow to net income ratio is favorable, indicating efficient conversion of earnings into cash. Although the free cash flow growth rate varies across years, the overall trend is upward, suggesting prudent capital expenditure management. A minor point of concern is the fluctuation in investing cash flow, which could impact future profitability.

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

HOYA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 124.28
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• 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 Positive. The current price of 124.28 is above the 20-day moving average (MA) of 119.06, above the 50-day MA of 119.33, and above the 200-day MA of 124.24, indicating a bullish trend. The MACD of 1.60 indicates Negative momentum. The RSI at 62.13 is Neutral, neither overbought nor oversold. The STOCH value of 99.72 is Negative, 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
RMD	83 Outperform	$37.82B	28.96	25.81%	0.81%	9.54%	37.23%
HOCPY	72 Outperform	$42.50B	32.35	20.56%	<0.01%	7.74%	7.29%
COO	69 Neutral	$14.49B	34.59	5.15%	―	6.88%	21.11%
WST	64 Neutral	$15.15B	33.12	17.42%	0.40%	-1.14%	-16.35%
BLCO	64 Neutral	$4.91B	―	-5.56%	―	11.94%	-6.98%
Sector *	52 Neutral	$7.37B	-0.04	-63.81%	2.59%	16.40%	<0.01%
STAA	51 Neutral	$859.77M	55.81	-19.14%	―	-14.44%	-557.38%