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Kyocera

DB:KYR
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KYR
DB
¥2,479B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Kyocera Corporation develops, produces, and distributes ceramic and electronic components, and telecommunications and information equipment worldwide. The last earnings update was 71 days ago. More info.


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KYR Share Price and Events
7 Day Returns
3.9%
DB:KYR
1.6%
DE Electronic
0.8%
DE Market
1 Year Returns
20.9%
DB:KYR
2.7%
DE Electronic
-4.5%
DE Market
KYR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kyocera (KYR) 3.9% 8.5% 15.4% 20.9% 27.4% 64%
DE Electronic 1.6% 10.5% 19.9% 2.7% 97.7% 106%
DE Market 0.8% 6.9% 8.1% -4.5% 10.4% 13.9%
1 Year Return vs Industry and Market
  • KYR outperformed the Electronic industry which returned 2.7% over the past year.
  • KYR outperformed the Market in Germany which returned -4.5% over the past year.
Price Volatility
KYR
Industry
5yr Volatility vs Market
Related Companies

KYR Value

 Is Kyocera undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Kyocera to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kyocera.

DB:KYR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:KYR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.068 (1 + (1- 30.86%) (0.33%))
1.047
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.047 * 5.96%)
6.47%

Discounted Cash Flow Calculation for DB:KYR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kyocera is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:KYR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.47%)
2019 7,510.67 Analyst x3 7,054.21
2020 100,492.00 Analyst x7 88,648.43
2021 116,762.83 Analyst x6 96,741.75
2022 129,093.41 Est @ 10.56% 100,457.68
2023 138,724.61 Est @ 7.46% 101,391.69
2024 146,064.33 Est @ 5.29% 100,268.10
2025 151,573.88 Est @ 3.77% 97,726.59
2026 155,679.71 Est @ 2.71% 94,273.61
2027 158,738.13 Est @ 1.96% 90,283.66
2028 161,029.66 Est @ 1.44% 86,020.81
Present value of next 10 years cash flows ¥862,866.53
DB:KYR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥161,029.66 × (1 + 0.23%) ÷ (6.47% – 0.23%)
¥2,585,356.17
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥2,585,356.17 ÷ (1 + 6.47%)10
¥1,381,077.54
DB:KYR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥862,866.53 + ¥1,381,077.54
¥2,243,944.07
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥2,243,944.07 / 361.75
¥6202.95
DB:KYR Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:KYR represents 0.00814x of TSE:6971
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00814x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 6,202.95 x 0.00814
€50.47
Value per share (EUR) From above. €50.47
Current discount Discount to share price of €55.77
= -1 x (€55.77 - €50.47) / €50.47
-10.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Kyocera is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Kyocera's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kyocera's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:KYR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥194.93
TSE:6971 Share Price ** TSE (2019-04-25) in JPY ¥6854
Germany Electronic Industry PE Ratio Median Figure of 13 Publicly-Listed Electronic Companies 23.82x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kyocera.

DB:KYR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6971 Share Price ÷ EPS (both in JPY)

= 6854 ÷ 194.93

35.16x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kyocera is overvalued based on earnings compared to the DE Electronic industry average.
  • Kyocera is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Kyocera's expected growth come at a high price?
Raw Data
DB:KYR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 35.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
23%per year
Germany Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.18x
Germany Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

DB:KYR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 35.16x ÷ 23%

1.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kyocera is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Kyocera's assets?
Raw Data
DB:KYR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥6,351.32
TSE:6971 Share Price * TSE (2019-04-25) in JPY ¥6854
Germany Electronic Industry PB Ratio Median Figure of 19 Publicly-Listed Electronic Companies 2.57x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:KYR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6971 Share Price ÷ Book Value per Share (both in JPY)

= 6854 ÷ 6,351.32

1.08x

* Primary Listing of Kyocera.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kyocera is good value based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Kyocera's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Kyocera has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KYR Future Performance

 How is Kyocera expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
23%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kyocera expected to grow at an attractive rate?
  • Kyocera's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Kyocera's earnings growth is expected to exceed the Germany market average.
  • Kyocera's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:KYR Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:KYR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 23%
DB:KYR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 2.4%
Germany Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
Germany Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:KYR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:KYR Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 1,735,000 1
2022-03-31 1,735,336 169,215 4
2021-03-31 1,694,944 225,646 159,212 13
2020-03-31 1,637,701 235,807 144,476 14
2019-03-31 1,607,329 147,492 93,313 12
DB:KYR Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,646,440 204,442 70,896
2018-09-30 1,639,332 193,675 98,751
2018-06-30 1,619,361 169,528 89,047
2018-03-31 1,577,039 158,953 81,789
2017-12-31 1,553,142 182,079 123,303
2017-09-30 1,507,856 182,427 129,122
2017-06-30 1,447,931 186,544 121,416
2017-03-31 1,422,754 164,231 103,843
2016-12-31 1,401,225 173,560 120,395
2016-09-30 1,410,293 179,766 94,408
2016-06-30 1,460,365 198,807 94,925
2016-03-31 1,479,627 194,040 109,047

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kyocera's earnings are expected to grow significantly at over 20% yearly.
  • Kyocera's revenue is expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:KYR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Kyocera Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KYR Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31 482.68 504.39 460.96 2.00
2021-03-31 437.28 493.80 402.80 14.00
2020-03-31 394.02 441.80 356.90 15.00
2019-03-31 252.16 268.10 226.00 13.00
DB:KYR Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 194.93
2018-09-30 270.41
2018-06-30 242.85
2018-03-31 222.43
2017-12-31 335.33
2017-09-30 351.15
2017-06-30 330.26
2017-03-31 282.62
2016-12-31 327.86
2016-09-30 257.24
2016-06-30 258.75
2016-03-31 297.24

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Kyocera is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Kyocera's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kyocera has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KYR Past Performance

  How has Kyocera performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Kyocera's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kyocera's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Kyocera's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Kyocera's 1-year earnings growth is negative, it can't be compared to the DE Electronic industry average.
Earnings and Revenue History
Kyocera's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kyocera Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KYR Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,646,440.00 70,896.00 348,325.00
2018-09-30 1,639,332.00 98,751.00 275,275.00
2018-06-30 1,619,361.00 89,047.00 270,709.00
2018-03-31 1,577,039.00 81,789.00 264,624.00
2017-12-31 1,553,142.00 123,303.00 264,147.00
2017-09-30 1,507,856.00 129,122.00 258,162.00
2017-06-30 1,447,931.00 121,416.00 251,723.00
2017-03-31 1,422,754.00 103,843.00 253,240.00
2016-12-31 1,401,225.00 120,395.00 239,560.00
2016-09-30 1,410,293.00 94,408.00 246,139.00
2016-06-30 1,460,365.00 94,925.00 253,785.00
2016-03-31 1,479,627.00 109,047.00 268,359.00
2015-12-31 1,517,874.00 101,408.00 271,913.00
2015-09-30 1,534,784.00 123,018.00 268,276.00
2015-06-30 1,531,069.00 127,983.00 262,439.00
2015-03-31 1,526,536.00 115,875.00 261,260.00
2014-12-31 1,477,673.00 93,363.00 255,869.00
2014-09-30 1,462,035.00 89,475.00 254,077.00
2014-06-30 1,450,428.00 85,572.00 250,304.00
2014-03-31 1,447,369.00 88,756.00 242,329.00
2013-12-31 1,424,918.00 90,867.00 215,177.00
2013-09-30 1,371,286.00 84,032.00 207,007.00
2013-06-30 1,313,983.00 82,554.00 199,361.00
2013-03-31 1,280,054.00 66,473.00 215,205.00
2012-12-31 1,232,005.00 52,217.00 227,232.00
2012-09-30 1,195,033.00 57,960.00 222,361.00
2012-06-30 1,183,365.00 61,123.00 221,578.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Kyocera has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kyocera used its assets less efficiently than the DE Electronic industry average last year based on Return on Assets.
  • Kyocera's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kyocera's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kyocera has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KYR Health

 How is Kyocera's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Kyocera's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kyocera is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kyocera's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kyocera's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 166.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Kyocera Company Filings, last reported 3 months ago.

DB:KYR Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,392,694.00 8,136.00 595,389.00
2018-09-30 2,561,498.00 8,875.00 636,264.00
2018-06-30 2,479,430.00 19,151.00 619,943.00
2018-03-31 2,424,506.00 29,675.00 621,740.00
2017-12-31 2,472,081.00 27,117.00 640,112.00
2017-09-30 2,495,139.00 26,884.00 667,582.00
2017-06-30 2,454,219.00 26,326.00 673,586.00
2017-03-31 2,418,909.00 24,835.00 673,566.00
2016-12-31 2,400,558.00 25,370.00 653,295.00
2016-09-30 2,349,341.00 23,653.00 635,455.00
2016-06-30 2,338,104.00 24,280.00 643,752.00
2016-03-31 2,373,762.00 32,750.00 689,199.00
2015-12-31 2,424,855.00 34,732.00 632,233.00
2015-09-30 2,318,796.00 34,750.00 655,694.00
2015-06-30 2,384,388.00 30,327.00 653,616.00
2015-03-31 2,303,623.00 31,451.00 618,458.00
2014-12-31 2,236,997.00 35,587.00 584,548.00
2014-09-30 2,088,342.00 33,982.00 575,528.00
2014-06-30 1,999,276.00 34,070.00 554,764.00
2014-03-31 1,987,226.00 35,903.00 611,405.00
2013-12-31 2,014,126.00 37,250.00 557,671.00
2013-09-30 1,861,819.00 35,049.00 560,956.00
2013-06-30 1,846,730.00 35,657.00 538,787.00
2013-03-31 1,714,942.00 33,829.00 529,190.00
2012-12-31 1,605,604.00 34,292.00 500,721.00
2012-09-30 1,548,862.00 33,950.00 486,573.00
2012-06-30 1,496,531.00 34,597.00 475,026.00
  • Kyocera's level of debt (0.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (1.8% vs 0.3% today).
  • Debt is well covered by operating cash flow (2512.8%, greater than 20% of total debt).
  • Kyocera earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Kyocera's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kyocera has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KYR Dividends

 What is Kyocera's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.75%
Current annual income from Kyocera dividends. Estimated to be 2.31% next year.
If you bought €2,000 of Kyocera shares you are expected to receive €35 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kyocera's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Kyocera's dividend is below the markets top 25% of dividend payers in Germany (3.67%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:KYR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
Germany Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:KYR Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31
2022-03-31 190.00 2.00
2021-03-31 160.50 12.00
2020-03-31 150.73 11.00
2019-03-31 121.43 14.00
DB:KYR Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-13 120.000 1.856
2019-02-01 120.000 2.005
2018-11-09 120.000 2.060
2018-10-30 120.000 1.950
2018-06-27 120.000 1.852
2018-06-05 120.000 1.871
2018-04-26 120.000 1.800
2018-02-14 120.000 1.975
2018-02-01 120.000 1.862
2017-11-10 120.000 1.564
2017-10-30 120.000 1.520
2017-07-28 110.000 1.596
2017-06-28 110.000 1.706
2017-06-06 110.000 1.688
2017-05-01 110.000 1.686
2017-02-14 100.000 1.612
2017-01-31 100.000 1.643
2016-11-10 100.000 1.766
2016-10-31 100.000 1.979
2016-06-27 100.000 2.027
2016-06-03 100.000 1.958
2016-04-27 100.000 1.853
2015-06-30 100.000 1.809
2015-06-24 120.000 1.842
2015-04-27 100.000 1.520
2015-02-12 80.000 1.255
2015-01-29 80.000 1.497
2014-10-30 80.000 1.465
2014-06-30 80.000 1.640
2014-04-28 80.000 1.705
2014-02-13 80.000 1.735
2014-01-29 80.000 1.771
2013-11-13 80.000 1.547
2013-10-31 80.000 1.618
2013-08-01 80.000 1.582
2013-06-28 80.000 1.508
2013-04-25 80.000 1.605
2013-02-13 60.000 1.389
2013-01-31 60.000 1.468
2012-11-13 60.000 1.549
2012-10-31 60.000 1.670
2012-08-01 60.000 1.793
2012-04-26 60.000 1.788
2012-01-30 60.000 1.676
2011-10-27 60.000 1.842
2011-07-28 65.000 1.853
2011-04-27 65.000 1.556
2011-02-14 60.000 1.452
2011-01-27 60.000 1.383
2010-11-12 60.000 1.409
2010-10-28 60.000 1.434
2010-06-28 60.000 1.551
2010-05-28 60.000 1.532
2010-04-27 60.000 1.404
2010-02-02 60.000 1.386
2010-01-28 60.000 1.462
2009-11-12 60.000 1.546
2009-10-30 60.000 1.605
2009-04-27 60.000 1.587

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Kyocera's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Kyocera's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kyocera afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kyocera has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KYR Management

 What is the CEO of Kyocera's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Hideo Tanimoto
COMPENSATION ¥132,000,000
AGE 58
TENURE AS CEO 2.2 years
CEO Bio

Mr. Hideo Tanimoto has been the President of Kyocera Corporation since February 2017 and is its Executive Officer. Mr. Tanimoto served as the General Manager of Corporate Fine Ceramics Group at Kyocera Corp., from 2014 to March 2017 and served as its Managing Executive Officer from April 2016 to March 2017 and also served as its Executive Officer from April 1, 2015 to 2016. He served as General Manager of Ceramics Division 2, Corporate Fine Ceramics Group of Kyocera from 2007 to 2014. He joined Kyocera Corporation in 1982 and has served as the Chairman of Kyocera Display Corporation, Kyocera Optec Co., Ltd., Kyocera (China) Sales & Trading Corporation, Dongguan Shilong Kyocera Co., Ltd., Shanghai Kyocera Electronics Co., Ltd., Kyocera Management Consulting Service (Shanghai) Co., Ltd., and Kyocera Korea Co., Ltd. and the Authorized Representative and Chairman of Kyocera Vietnam Co., Ltd. He has been a Representative Director of Kyocera Corp. since June 2016 and Director of KYOCERA Document Solutions Inc. since April 2017. He has been a Director of AVX Corporation since August 2, 2017.

CEO Compensation
  • Insufficient data for Hideo to compare compensation growth.
  • Hideo's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Kyocera management team in years:

8
Average Tenure
62.5
Average Age
  • The average tenure for the Kyocera management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Hideo Tanimoto

TITLE
President & Representative Director
COMPENSATION
¥132M
AGE
58
TENURE
2.2 yrs

Kazuo Inamori

TITLE
Founder and Chairman Emeritus
AGE
86

Junichi Jinno

TITLE
Managing Exec. Officer
AGE
63
TENURE
8 yrs

Koichi Kano

TITLE
Managing Exec. Officer
AGE
57
TENURE
6 yrs

Takashi Sato

TITLE
Managing Exec. Officer
AGE
58

Ken Ishii

TITLE
Senior Managing Exec. Officer
AGE
65
TENURE
10 yrs

Hiroshi Fure

TITLE
Sr. Managing Exec. Officer
AGE
58
TENURE
10 yrs

Yoji Date

TITLE
Senior Managing Exec. Officer
AGE
62
TENURE
4 yrs

Osamu Nomoto

TITLE
President of Japan Medical Materials Corp & Representative Director of Japan Medical Materials Corp
AGE
64
TENURE
8 yrs

Yukihiro Takarabe

TITLE
President of Kyocera Solar Corporation and Representative Director of Kyocera Solar Corporation
AGE
67
Board of Directors Tenure

Average tenure and age of the Kyocera board of directors in years:

4.5
Average Tenure
62.5
Average Age
  • The tenure for the Kyocera board of directors is about average.
Board of Directors

Goro Yamaguchi

TITLE
Chairman
COMPENSATION
¥121M
AGE
62
TENURE
2 yrs

Hideo Tanimoto

TITLE
President & Representative Director
COMPENSATION
¥132M
AGE
58
TENURE
2.8 yrs

Kazuo Inamori

TITLE
Founder and Chairman Emeritus
AGE
86

Junichi Jinno

TITLE
Managing Exec. Officer
AGE
63
TENURE
1.3 yrs

Koichi Kano

TITLE
Managing Exec. Officer
AGE
57
TENURE
3.3 yrs

Takashi Sato

TITLE
Managing Exec. Officer
AGE
58
TENURE
1.8 yrs

Ken Ishii

TITLE
Senior Managing Exec. Officer
AGE
65
TENURE
6.8 yrs

Hiroshi Fure

TITLE
Sr. Managing Exec. Officer
AGE
58
TENURE
5.8 yrs

Yoji Date

TITLE
Senior Managing Exec. Officer
AGE
62
TENURE
5.8 yrs

Eiichi Toriyama

TITLE
Chairman of Kyocera Communications Inc
AGE
70
TENURE
8 yrs

Osamu Nomoto

TITLE
President of Japan Medical Materials Corp & Representative Director of Japan Medical Materials Corp
AGE
64
TENURE
8 yrs

Yukihiro Takarabe

TITLE
President of Kyocera Solar Corporation and Representative Director of Kyocera Solar Corporation
AGE
67
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Kyocera's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kyocera has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KYR News

Simply Wall St News

KYR Company Info

Description

Kyocera Corporation develops, produces, and distributes ceramic and electronic components, and telecommunications and information equipment worldwide. Its Industrial & Automotive Components Group segment offers fine ceramic components, automotive components, liquid crystal displays, and industrial tools to industrial machinery, automotive, general industrial, and construction markets. The company’s Semiconductor Components Group segment provides inorganic and organic ceramic packages, and multilayer printing wiring boards for electronic components and devices, such as crystal components, SAW devices, and CMOS/CCD sensors for communication infrastructures and automotive-related markets. Its Electronic Devices Group segment offers electronic components and devices comprising capacitors, crystal devices, connectors, power semiconductor devices, etc., as well as printing devices for information and communications equipment, industrial equipment, and automotive markets. The company’s Communications Group segment provides smartphones, mobile phones, and communication modules for the Internet of Things market; and information systems, telecommunication, and engineering services. Its Document Solutions Group segment offers printers, multifunctional products, document solutions, and supplies. The company’s Life & Environment Group segment provides solar modules for commercial and residential uses; solar energy products, including storage batteries and energy management systems; medical devices, such as prosthetic joints and dental prosthetics; jewelry; and kitchen accessories, including ceramic knives. It 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 founded in 1959 and is headquartered in Kyoto, Japan.

Details
Name: Kyocera Corporation
KYR
Exchange: DB
Founded: 1959
¥19,966,489,305
361,754,485
Website: http://global.kyocera.com
Address: Kyocera Corporation
6 Takeda Tobadono-cho,
Fushimi-ku,
Kyoto,
612-8501,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6971 Common Stock The Tokyo Stock Exchange JP JPY 07. Jan 1980
OTCPK KYOC.F Common Stock Pink Sheets LLC US USD 07. Jan 1980
DB KYR Common Stock Deutsche Boerse AG DE EUR 07. Jan 1980
OTCPK KYOC.Y ADR-EACH CNV TO 1 ORD NPV Pink Sheets LLC US USD 10. Feb 1976
DB KYRA ADR-EACH CNV TO 1 ORD NPV Deutsche Boerse AG DE EUR 10. Feb 1976
Number of employees
Current staff
Staff numbers
75,940
Kyocera employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 21:42
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/25
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.