Kioxia Holdings Corporation
Kioxia Holdings Corporation is a Japan-based semiconductor company focused on flash memory and solid-state drives. The company develops, manufactures, and supplies NAND memory products used in devices and systems across consumer electronics, enterprise storage, data centers, and industrial applications. Its product portfolio includes memory chips, SSD solutions, and related storage technologies designed to support data-intensive computing environments. Kioxia Holdings plays a significant role in the global memory market by providing components that enable smartphones, PCs, servers, and other connected devices to store and process large volumes of data. As a specialized memory manufacturer, the company serves a broad range of technology customers through its core semiconductor business.
€75.94
-€0.31 (-0.41%)
Price from 2 days ago
Margins and capital returns are both well above average: 37.23% operating margin, ROIC at 28.88%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue up 37.0% YoY with margins expanding 10.8pp.
Even for strong businesses, today's 13x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
13.2x earnings, 21.7x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
¥2.34T
▲ +37.0% YoY
Net Income (TTM)
¥554.50B
▲ +103.6% YoY
Op. Margin
37.23%
▲ +10.8pp YoY
ROIC
28.88%
▲ +9.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
¥332.87B
▲ +32.7% YoY
Op. Cash Flow (TTM)
¥396.40B
▲ +45.5% YoY
Net Debt
¥775.29B
Cash & Equiv.
¥477.90B
3Y CAGR: +33.3%
Continue Research
Is Kioxia Holdings (KXHCF) overvalued?
At a P/E of 13.2 and a price-to-free-cash-flow of 21.7, Kioxia Holdings (KXHCF) trades below a two-stage DCF intrinsic value of about JPY 29,600.12 per share, so at JPY 75.94 the stock looks undervalued (38,878.3% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Kioxia Holdings scores 82/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Kioxia Holdings's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about JPY 29,600.12 per share for KXHCF, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around JPY 22,200.09. At today's JPY 75.94, that puts the stock about 38,878.3% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Kioxia Holdings a high-quality business?+
Kioxia Holdings scores 82 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. Recent fundamentals include a 37.2% operating margin and a 28.9% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Kioxia Holdings a good stock to buy right now?+
That depends on valuation and quality together, not either alone. KXHCF currently trades below its estimated intrinsic value and scores 82/100 on quality (high-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Semiconductors
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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