Kioxia Holdings Corporation (285A.T)

Valuation as at 2026-08-29 · see also the Nikkei 225 Most Undervalued screen

About Kioxia Holdings Corporation

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.

Source: Yahoo Finance company profile · factual description, not KashVector commentary

Kioxia Holdings Corporation 285A.T

Technology · Semiconductors

Price
¥47,900.00
Market Cap
¥26212.92B
Free Cash Flow
¥234.76B 3yr avg margin
Beta
1.00
P/E (TTM)
47.4x
52-Week Range
¥2,541.00–¥112,700.00

Kioxia Holdings Corporation's price & financial trends

Each card is labelled with its own reporting period — quarterly where Yahoo provides it for this market, annual otherwise.

Data as at 2026-08-29

Share price · last 2 years

¥47,900.00 +2821% vs 2024-12
Nikkei 225 ¥1,640.00¥1,855.00¥2,596.00¥10,435.00¥37,560.00¥47,900.00 2024-122025-042025-082025-122026-042026-08

Earnings per share (diluted) Per quarter

¥271.67 +86% vs Q4 '24
¥145.99¥33.75¥271.67Q4 '24Q2 '25Q4 '25

Free cash flow Per year

¥332.87B +403% vs FY24
-¥109.99B¥250.81B¥332.87BFY24FY25FY26

Dividend per share

No dividend history available.

Value investing scale · Buffett · Dalio · Graham

Partial Fit
12 / 20 combined score

2 criteria had no data

See the full Buffett, Dalio & Graham breakdown for 285A.T →

📊 Cyclical company — this uses the average FCF margin across the last 3 years (6.2% of revenue) instead of the latest year alone, to avoid over- or under-valuing at a cycle extreme. Yahoo's data only covers up to 3 years, shorter than a full commodity cycle — a known limitation, not hidden here.

Intrinsic value estimate · 5-year forecast

BEAR
¥8,743.00
vs current ¥47,900.00
-81.7% ❌ Overvalued
BASE
¥16,460.37
vs current ¥47,900.00
-65.6% ❌ Overvalued
BULL
¥23,547.68
vs current ¥47,900.00
-50.8% ❌ Overvalued

Assumptions used in this valuation

Every input below is either fetched live from Yahoo Finance or a documented default — nothing is hidden.

Starting free cash flow
¥234.76B
Cyclical company — average FCF margin across the last 3 years (6.2% of revenue), not the latest year alone, to avoid over/under-valuing at a cycle extreme
Risk-free rate
2.20%
Fixed market seed
Beta
1.00
Floored for non-US stocks
Equity risk premium
6.00%
Market-specific seed
Cost of debt
3.20%
Synthetic rating A+, ICR 9.0x
Tax rate
25.00%
Estimated default
Capital structure
E 97% / D 3%
Market cap vs total debt
Projection horizon
5 years
+ terminal value beyond
BearBaseBull
5-yr FCF growth12.5%25.0%30.0%
Terminal growth1.2%1.2%1.2%
WACC (discount rate)9.02%8.02%7.02%

Cost of Equity = Risk-free rate + Beta × Equity Risk Premium = 2.20% + 1.00 × 6.00% = 8.20% · WACC = weighted by 97%/3% capital structure

These numbers come from running Kioxia Holdings Corporation's cash flows through the mechanical DCF formula and assumptions above — not from any view on the news, management, or 285A.T's competitive position. What is DCF?

Want to test your own growth or discount-rate assumptions?Open the full interactive calculator, pre-filled with 285A.T →

Not financial advice. DCF valuations are highly sensitive to assumptions — small changes in growth rate or discount rate produce large swings in output. This is a mechanical calculation, not a recommendation to buy, hold, or sell.

About this valuation

Computed on 2026-08-29 from Yahoo Finance data, using the same engine as the full DCF tool and the Nikkei 225 Most Undervalued screen. Every figure above is a point-in-time snapshot of that date — change any assumption yourself in the interactive tool for a live one.

Frequently asked questions

Is Kioxia Holdings Corporation (285A.T) undervalued?

The Base-case DCF estimates intrinsic value at ¥16,460.37 vs a price of ¥47,900.00 on 2026-08-29 — a -65.6% margin, so the Base case reads overvalued. This is a mechanical output, not advice.