KIOXIA HLDGS CORP (KXIAY)
Technology · PNK · US
Fundamentals
Valuation and ratings
KIOXIA HLDGS CORP trades at USD35.60, which is 32% above the USD24.25 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 81 out of 100, which is a wide moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 69.8 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
About KIOXIA HLDGS CORP
Kioxia Holdings Corporation engages in research, development, manufacturing, sales, and other services of memory and related products for solid state drives (SSDs) and storage and smart devices in Japan, North America, Europe, and Asia. The company offers flash memory, SSDs, SD memory cards, and other retail products. It is also involved in the product and software development of SSD products; marketing of memory and SSD products; production management of subcontracted production in the post-process of memory; production and distribution of memory and photomask for semiconductor products; energy management business; and entrusted engineering work of CIM developments, as well as provides cleaning and health keeping for development center, and customer support services. The company was formerly known as Toshiba Memory Holdings Corporation and changed its name to Kioxia Holdings Corporation in October 2019. Kioxia Holdings Corporation was incorporated in 2019 and is headquartered in Minato, Japan.
KXIAY passes 5 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is KIOXIA HLDGS CORP (KXIAY) undervalued?
Against our discounted cash flow estimate of USD24.25, KXIAY at USD35.60 is 32% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is KXIAY's P/E ratio?
KXIAY trades at 69.8 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.