DCF Valuation
Base-case fair value
¥3526.16
Intrinsic ¥4701.54 · 25% MOS
Current price: ¥23.50
Base-case summary
Our base-case DCF for Kyocera Corp (KYOCF) projects 10 years of free cash flow growth at 2.0% for years 1–5 and 1.0% for years 6–10, anchored to a default 8% growth assumption, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from ¥74.8B in trailing free cash flow, this produces an intrinsic value of ¥4701.54 per share. A 25% safety margin gives a fair value of ¥3526.16, suggesting the stock is currently 14905% undervalued against the ¥23.50 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
¥74.8B
Cash & equivalents
¥463.0B
Total debt
¥29.7B
Shares outstanding
368M