Kyocera (KYOCY) AI Stock Analysis

• Market Cap: $16.46B
• Dividend Yield: 0.57%
• Average Volume (3M): 833.00
• Price to Earnings (P/E): 102.8
• Beta (1Y): 0.51
• Revenue Growth: -6.70%
• EPS Growth: -73.25%
• Country: US
• Employees: 79,185
• Sector: Industrials
• Sector Strength: 86
• Industry: Consumer Electronics
• EPS (TTM): 0.03
• Shares Outstanding: 1,408,644,400
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 833
• PEG Ratio: -1.46
• Price to Book (P/B): 0.82
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -334.12
• 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

• Rating: 66 Neutral
• Price Target: ―

Kyocera's overall stock score reflects strong financial stability with a conservative capital structure and robust operational margins. However, challenges in net income and cash flow growth, combined with a high P/E ratio suggesting overvaluation, weigh on the score. The technical analysis indicates potential short-term bearish momentum, necessitating cautious monitoring.

Kyocera Business Overview & Revenue Model

Company Description

Kyocera Corporation develops, produces, and distributes products based on fine ceramic technologies in Japan, rest of Asia, Europe, the United States, and internationally. It operates through Core Components Business, Electronic Components Business, and Solutions Business segments. The company offers fine ceramic components; automotive components; optical components; and inorganic and organic ceramic packages, and boards for use in industrial machinery, general industrial, smartphones and communication infrastructures, and automotive-related markets. It also provides electronic components and devices comprising capacitors, crystal and SAW devices, connectors, sensing and control devices, power semiconductor and printing devices for the information and communications equipment, industrial equipment, and automotive markets. Further, the company offers smartphones, mobile phones, and communication modules for in-vehicle installation and Internet of Things market; printers, multifunctional products, commercial inkjet printers, document solutions, and supplies. In addition, it provides solar modules for commercial and residential uses; smart energy related products, including storage batteries and energy management systems; and medical devices, such as prosthetic joints and dental prosthetics, and jewelry and kitchen accessories, including ceramic knives. The company offers its products through sales personnel, sales companies, and third-party distributors. The company was formerly known as Kyoto Ceramic Kabushiki Kaisha and changed its name to Kyocera Corporation in 1982. Kyocera Corporation was incorporated in 1946 and is headquartered in Kyoto, Japan.

How the Company Makes Money

Kyocera makes money through a diversified revenue model that includes multiple streams. The primary source of income is from its Document Solutions segment, which offers office equipment such as printers, copiers, and multifunctional devices. Another significant revenue stream is its Electronic Devices group, which produces components such as capacitors, connectors, and crystal oscillators for various industries, including automotive and consumer electronics. Additionally, Kyocera generates revenue through its telecommunications equipment and mobile phones, primarily in the Japanese market. The company also benefits from its industrial and automotive components, driven by its expertise in advanced ceramics and materials. Furthermore, Kyocera's solar energy solutions contribute to its earnings, capitalizing on the growing demand for renewable energy. Key partnerships with companies in different sectors and a strong focus on research and development are significant factors that bolster Kyocera's revenue generation.

Kyocera Financial Statement Overview

Summary

Kyocera exhibits a stable financial standing with robust operational margins and a solid equity base, but faces challenges in growing net income and free cash flow. The company's conservative leverage strategy and substantial cash reserves provide a cushion against market volatility. However, improving profitability and cash flow generation will be crucial for enhancing future financial performance.

Income Statement

Kyocera's income statement reflects solid financial performance with a consistent revenue stream. The TTM (Trailing-Twelve-Months) shows a stable gross profit margin of 27.56% and a net profit margin of 1.45%, indicating efficient cost management. However, the net income has decreased significantly from the previous year, affecting the overall profitability. The EBIT and EBITDA margins remain robust, reflecting operational efficiency despite the revenue contraction.

Balance Sheet

The balance sheet is strong, with a debt-to-equity ratio of 0.093, indicating low financial leverage and a conservative capital structure. The equity ratio of 72.63% demonstrates a solid equity base, which enhances financial stability. Return on equity is moderate at 0.87%, suggesting room for improvement in utilizing shareholders' funds efficiently. Kyocera maintains a healthy liquidity position with substantial cash reserves.

Cash Flow

Kyocera's cash flow statement indicates a positive operating cash flow to net income ratio of 9.28, highlighting strong cash generation relative to net income. However, free cash flow has decreased in the TTM compared to the previous period, affecting free cash flow growth. The free cash flow to net income ratio is 3.27, showing effective conversion of net income into free cash flow, albeit with a declining trend that needs attention.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
2.00T	2.00T	2.03T	1.84T	1.53T	1.60T
	Gross Profit
552.36B	553.11B	564.94B	513.64B	406.95B	441.17B
	EBITDA
188.76B	220.12B	334.04B	330.66B	228.81B	243.13B
	Net Income
29.04B	101.07B	127.99B	148.41B	90.21B	107.72B
Balance Sheet		Total Assets
4.59T	4.47T	4.09T	3.92T	3.49T	3.25T
	Cash, Cash Equivalents and Short-Term Investments
430.95B	460.33B	396.90B	458.21B	484.08B	493.65B
	Total Debt
310.48B	304.19B	209.80B	149.26B	147.82B	127.32B
	Total Liabilities
1.23T	1.21T	1.05T	1.02T	877.36B	795.93B
	Stockholders Equity
3.33T	3.23T	3.02T	2.87T	2.59T	2.43T
Cash Flow		Free Cash Flow
94.98B	109.33B	-7.43B	55.05B	88.69B	93.90B
	Operating Cash Flow
269.45B	269.07B	179.21B	201.96B	220.82B	214.63B
	Investing Cash Flow
-177.78B	-158.41B	-168.83B	-79.46B	-183.79B	-145.55B
	Financing Cash Flow
-102.20B	-82.60B	-61.26B	-111.47B	-80.97B	-157.13B

Kyocera Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 11.69
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KYOCY, the sentiment is Neutral. The current price of 11.69 is below the 20-day moving average (MA) of 11.87, below the 50-day MA of 11.85, and above the 200-day MA of 11.11, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 45.79 is Neutral, neither overbought nor oversold. The STOCH value of 14.15 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for KYOCY.

Kyocera Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SNA	74 Outperform	$15.99B	16.00	19.15%	2.80%	-0.88%	0.04%
OC	72 Outperform	$11.21B	47.33	11.93%	2.04%	16.16%	-77.11%
ZTO	72 Outperform	$13.79B	11.06	15.68%	4.03%	13.41%	10.00%
J	71 Outperform	$15.28B	35.12	8.46%	1.00%	-22.81%	-30.13%
Sector *	67 Neutral	CHF6.87B	24.97	16.28%	2.87%	-2.63%	-20.30%
KYOCY	66 Neutral	$16.46B	102.75	0.71%	0.57%	-6.70%	-73.25%
CNH	66 Neutral	$15.91B	15.32	13.26%	1.96%	-21.99%	-52.11%