Company Valuation: Kyocera Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 2,469,961 2,472,194 2,848,983 2,360,358 3,132,793 4,684,379 - -
Change - 0.09% 15.24% -17.15% 32.73% 49.53% - -
Enterprise Value (EV) 1 2,161,010 2,303,708 2,692,841 2,133,934 2,909,313 4,443,721 4,277,143 4,159,461
Change - 6.6% 16.89% -20.76% 36.34% 52.74% -3.75% -2.75%
P/E 16.7x 19.3x 28.3x 97.9x 23.2x 30.5x 27.8x 22.7x
PBR 0.86x 0.82x 0.88x 0.73x 0.94x 1.41x 1.4x 1.33x
PEG - -1.5x -1.4x -1.3x 0x 2x 2.86x 1x
Capitalization / Revenue 1.34x 1.22x 1.42x 1.17x 1.51x 2.26x 2.19x 2.06x
EV / Revenue 1.18x 1.14x 1.34x 1.06x 1.41x 2.14x 2x 1.83x
EV / EBITDA 7.78x 8.28x 10.8x 11.3x 10.5x 14.8x 12.8x 10.9x
EV / EBIT 14.5x 17.9x 29x 78.2x 24.6x 30.4x 25.1x 20.3x
EV / FCF 17.6x 222x 25.1x 22.2x 37.7x 41x 28.2x 23.1x
FCF Yield 5.67% 0.45% 3.99% 4.5% 2.65% 2.44% 3.55% 4.33%
Dividend per Share 2 45 50 50 50 52 55.93 59.67 63.92
Rate of return 2.62% 2.9% 2.47% 2.98% 2.19% 1.55% 1.65% 1.77%
EPS 2 102.8 89.15 71.58 17.11 102.7 118.3 129.8 159
Distribution rate 43.8% 56.1% 69.9% 292% 50.6% 47.3% 46% 40.2%
Net sales 1 1,838,938 2,025,332 2,004,221 2,014,454 2,070,203 2,072,998 2,143,582 2,268,968
EBITDA 1 277,870 278,120 249,873 188,226 276,327 299,543 333,503 380,543
EBIT 1 148,910 128,517 92,923 27,299 118,138 146,095 170,297 205,230
Net income 1 148,414 127,988 101,074 24,097 140,969 149,624 159,588 186,387
Net Debt 1 -308,951 -168,486 -156,142 -226,424 -223,480 -240,658 -407,236 -524,918
Reference price 2 1,720.50 1,722.00 2,022.50 1,675.50 2,378.00 3,608.00 3,608.00 3,608.00
Nbr of stocks (in thousands) 1,435,606 1,435,653 1,408,644 1,408,748 1,317,406 1,298,331 - -
Announcement Date 4/28/22 5/15/23 4/26/24 5/14/25 4/30/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.64x12.32x22.5x0.79% 123B
40.96x6.76x29.54x1.93% 45.6B
26.81x1.24x14.25x-.--% 40.75B
23.23x1.96x9.36x1.34% 36B
30.34x4.61x18.4x-.--% 29.39B
30.14x2.12x14.66x1.57% 29.17B
11.03x6.14x17.12x1.37% 27.91B
30.38x4.66x18.62x0.76% 17.91B
24.21x3.09x12.94x-.--% 17.06B
Average 27.97x 4.77x 17.49x 0.86% 40.78B
Weighted average by Cap. 30.25x 6.68x 19.18x 0.9%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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