Kyocera (KYOCY) AI Stock Analysis

• Market Cap: $24.05B
• Dividend Yield: 1.19%
• Average Volume (3M): 292.00
• Price to Earnings (P/E): 17.6
• Beta (1Y): 0.35
• Revenue Growth: 0.22%
• EPS Growth: -42.72%
• Country: US
• Employees: 79,185
• Sector: Industrials
• Sector Strength: 72
• Industry: Consumer Electronics
• EPS (TTM): 0.20
• Shares Outstanding: 1,510,474,400
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 292
• PEG Ratio: -1.30
• Price to Book (P/B): 0.74
• Price to Sales (P/S): 1.19
• P/FCF Ratio: 34.12
• Enterprise Value/Market Cap: 144.57
• Enterprise Value/Revenue: 1.69
• Enterprise Value/Gross Profit: 5.86
• Enterprise Value/Ebitda: 12.47
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.53
• Revenue Forecast (FY): $12.89B

• Rating: 63 Neutral
• Price Target: $18.00 ▲(27.48% Upside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is primarily supported by a conservative, low-leverage balance sheet and stable revenue base, but is held back by uneven cash-flow quality and only moderate profitability. Technically the trend is positive, yet indicators are overbought, and valuation is relatively expensive (high P/E with modest yield), limiting upside appeal.

Positive Factors

Balance Sheet Strength

Low leverage and steadily growing equity provide durable financial flexibility, reducing refinancing and solvency risk. This strength supports capital allocation for R&D, capex or M&A over the medium term and cushions the business through cyclical slowdowns without forcing distress selling of assets.

Business Diversification

A diversified portfolio across electronics, advanced ceramics, telecoms and solar reduces single-market exposure and stabilizes revenue mix. Structural exposure to renewable energy and components markets helps sustain demand over several cycles and supports cross-segment R&D synergies.

Gross Margin Cushion

Healthy gross margins provide an operational buffer against input-cost swings and competitive pricing pressure. Even with modest revenue growth, strong gross profitability helps preserve cash generation potential and supports investment in product development and manufacturing efficiency.

Negative Factors

Weakened Free Cash Flow

A marked decline in free cash flow and low FCF-to-income conversion signals weaker cash conversion and higher sensitivity to working-capital swings or reinvestment needs. This constrains shareholder returns, reduces buffer for shocks and limits discretionary spending over the medium term.

Volatile Net Profitability

Wide swings in net margin and operating-profit compression indicate earnings are sensitive to mix, costs and cyclical factors. This volatility undermines predictable earnings growth and weakens long-term return-on-equity improvement despite strong capitalization.

Modest Revenue Growth

Low single-digit revenue growth suggests the company faces limited organic expansion headroom in core markets. Without stronger top-line momentum, profitable reinvestment and margin expansion will be necessary for meaningful earnings growth, making growth outcomes more execution-dependent.

Kyocera Business Overview & Revenue Model

Company Description

Kyocera Corporation is a diversified multinational company based in Japan that operates in several sectors, including electronics, ceramics, telecommunications, and environmental technologies. Established in 1959, the company is well-known for its innovative products such as printers, copiers, solar energy solutions, and electronic components. Kyocera's commitment to sustainability and advanced technology drives its development of high-quality, efficient products across its various business segments.

How the Company Makes Money

Kyocera generates revenue through multiple key streams: its electronics division, which includes the manufacture of semiconductors, electronic components, and printers, accounts for a significant portion of its income. The company's ceramics segment produces cutting-edge materials used in various applications, including automotive and telecommunications. Additionally, Kyocera's solar energy division provides renewable energy solutions, reflecting the growing global demand for sustainable energy. Partnerships with technology firms and collaborations in research and development further enhance its market position, allowing Kyocera to leverage innovation for greater profitability. The company also benefits from strong distribution networks and established relationships with industrial clients, contributing to its overall financial performance.

Kyocera Financial Statement Overview

Summary

Strong balance sheet (low leverage; Balance Sheet Score 84) supports resilience and flexibility, but operating performance is only moderate: modest TTM revenue growth (+2.3%), net margin around ~5.1% with volatility, and weakening cash quality with TTM free cash flow down ~33% and low FCF-to-net-income conversion (~24%).

Income Statement

TTM (Trailing-Twelve-Months) revenue is up modestly (+2.3%), showing stable top-line demand but limited growth momentum. Profitability is healthy at the gross level (~28.8%), but net profitability is only moderate (~5.1%) and has been volatile versus prior years (annual net margin ranged from ~1.2% in 2025 to ~8.1% in 2022). Operating profitability also shows compression compared with earlier peaks, indicating a less favorable mix/cost environment even as sales hold steady.

Balance Sheet

The balance sheet is a clear strength: leverage is low with debt-to-equity around 0.12 in TTM (Trailing-Twelve-Months) and ~0.05–0.11 over recent annual periods. Equity has steadily grown alongside assets, supporting financial flexibility and resilience. Returns on equity are positive but not high (TTM ~3.2%), reflecting strong capitalization but only moderate efficiency in converting the equity base into profits.

Cash Flow

Cash generation is solid but uneven. TTM (Trailing-Twelve-Months) operating cash flow is positive, and free cash flow is also positive, but free cash flow has fallen sharply (TTM down ~33%). Cash conversion is a key watch item: free cash flow is only about 24% of net income in TTM (Trailing-Twelve-Months), and history shows volatility including a negative free cash flow year (2023), suggesting higher reinvestment needs and/or working-capital swings.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	2.06T	2.01T	2.00T	2.03T	1.84T	1.53T
Gross Profit	593.86B	559.17B	553.11B	564.94B	513.64B	406.95B
EBITDA	278.90B	252.21B	220.12B	254.85B	255.07B	228.81B
Net Income	104.80B	24.10B	101.07B	127.99B	148.41B	90.21B
Balance Sheet
Total Assets	4.63T	4.51T	4.47T	4.09T	3.92T	3.49T
Cash, Cash Equivalents and Short-Term Investments	421.80B	473.39B	460.33B	396.90B	458.21B	484.08B
Total Debt	417.07B	342.38B	304.19B	209.80B	149.26B	147.82B
Total Liabilities	1.25T	1.27T	1.21T	1.05T	1.02T	877.36B
Stockholders Equity	3.36T	3.22T	3.23T	3.02T	2.87T	2.59T
Cash Flow
Free Cash Flow	50.61B	70.07B	109.33B	-7.43B	55.05B	88.69B
Operating Cash Flow	215.04B	237.92B	269.07B	179.21B	201.96B	220.82B
Investing Cash Flow	4.18B	-150.48B	-158.41B	-168.83B	-79.46B	-183.79B
Financing Cash Flow	-202.19B	-64.94B	-82.60B	-61.26B	-111.47B	-80.97B

Kyocera Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 14.12
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 14.12 is below the 20-day moving average (MA) of 17.18, below the 50-day MA of 15.49, and above the 200-day MA of 13.49, indicating a neutral trend. The MACD of 0.57 indicates Positive momentum. The RSI at 55.38 is Neutral, neither overbought nor oversold. The STOCH value of 53.17 is Neutral, 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
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
KYOCY	63 Neutral	$24.05B	17.61	1.37%	1.19%	0.22%	-42.72%
SONY	56 Neutral	$132.09B	-5.83	14.69%	0.41%	-2.47%	6.49%
LPL	50 Neutral	$4.39B	-4.26	3.90%	―	-3.45%	82.49%