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Konica Minolta, Inc (KNCAY) Fair Value & Analysis

Industrials · US · Market cap $1.8B

KM Konica Minolta, Inc logo Konica Minolta, Inc KNCAY · US
Price$7.65
Fair Value$13.09
Upside+71.1%
Quality60/100
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Healthy Growth
Thin margins · 2.8% net margin
Low debt · generates free cash flow
2.10% dividend yield
Ranks above peers (8/11)
Narrow moat 33/100
Evidence: High Range $9.10 – $18.59 Share as image

Fair value as of: Jul 18, 2026

From 22 valuation models · updated 23 days ago

Share price +6.4% over the past month.

A solid business, screening 71% undervalued on our models.

What matters now

  • The price is below even our cautious bear case ($9.10). The market is more pessimistic than our downside scenario.
  • Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range ($9.10 to $18.59) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$17.34 $4.15 Fair Value $13.09 Sep 2018 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range $4.15 – $17.34 · fair‑value band $9.10 – $18.59 · the $7.65 price screens below the $13.09 fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Konica Minolta, Inc (KNCAY) currently trades at $7.65, while our model-based Fair Value estimate is $13.09, implying the stock looks roughly 71.1% undervalued today. The Quality Score stands at 60/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Konica Minolta, Inc generated revenue of $1.1T at a net margin of 2.8%. Revenue grew 3.6% year over year. It earns a return on equity of 6.6%. Net debt stands at $289B. Fundamentals as of Jul 18, 2026

Our scenario range runs from $9.10 (bear case) to $18.59 (bull case); at $7.65, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 15% below its 52-week high and 30% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -32% fair-value upside, at 71%, KNCAY screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $6.75 $9.34 $12.84 80
Rev-Margin DCF $8.51 $14.26 $20.74 74
ROIC Compounder $7.10 $8.45 $9.58 72
All 22 models by family
DCF Models
FCF DCF $6.53 $9.30 $13.25 38
Owner Earnings $7.18 $10.14 $14.37 31
5Y Revenue Exit $8.51 $14.12 $21.51 39
5Y EBITDA Exit $16.63 $28.12 $41.89 41
5Y P/E Exit $7.92 $13.09 $18.61 38
10Y Revenue Exit $7.25 $11.74 $17.02 36
10Y EBITDA Exit $12.16 $20.25 $29.86 37
10Y P/E Exit $7.24 $11.11 $15.19 35
Earnings-Based
Graham-Dodd $5.85 $11.23 $14.01 54
EPV $7.10 $8.45 $9.58 59
Multiples
P/E Multiple $13.56 $18.08 $22.60 63
P/S Multiple $10.98 $14.64 $18.30 58
P/B Multiple $10.98 $14.64 $18.30 55
EV/EBIT $16.48 $22.91 $29.34 53
EV/EBITDA $28.22 $38.56 $48.90 54
EV/Revenue $10.96 $16.86 $22.76 43
Asset-Based
NCAV (Graham) $7.23 $9.69 $14.46 50
Growth DCF
Growth DCF $6.75 $9.34 $12.84 80
Rev-Margin DCF $8.51 $14.26 $20.74 74
Economic Profit
Residual Income $10.70 $10.76 $10.08 61
ROIC Compounder $7.10 $8.45 $9.58 72
Growth Earnings
Growth-Adj P/E $9.73 $13.89 $18.06 68

Widest divergence: Multiples ($16.86) versus Earnings-Based ($8.45). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $1.1T
Revenue growth (YoY) +3.6%
Net margin 2.8%
Return on equity 6.6%
Free cash flow $40.7B FY2026
P/E ratio 8.9
More key figures
Operating margin 5.8%
EPS (TTM) $0.8100
Dividend yield 2.1%
EPS growth (YoY) -90.2%
Net debt $289B FY2026

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 57 · Market factors (momentum, volatility) 47

Profitability 45
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 45
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 53
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Konica Minolta, Inc. engages in digital workplace, professional print, imaging solutions, and industry business in Japan, China, Asia, the United States, European countries, and internationally.

Full company description

Konica Minolta, Inc. engages in digital workplace, professional print, imaging solutions, and industry business in Japan, China, Asia, the United States, European countries, and internationally. It develops, manufactures, and sells multi-functional peripherals and related consumables; and digital printing systems and related consumables for industrial and commercial printing market, as well as provides printing and IT services and solutions. The company also provides diagnostic imaging systems and related services; and digitalization, networking, diagnostic services, and solutions in medical field. In addition, it offers measuring instruments, as well as related solutions and services; lenses for industrial and professional use, and others; and industrial inkjet printheads and others. Further, it offers visual-related equipment; functional films for displays and other; and network cameras. Additionally, the company engages in the development, manufacture, provision, and sale of services of solutions utilizing the common fundamental technology; and development, sale, and consultation of products, information systems, and services related to nursing care services. Konica Minolta, Inc. was founded in 1873 and is headquartered in Tokyo, Japan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Konica Minolta, Inc reported revenue of $1.2T in FY2026 versus $911B in FY2022, a compound +6.1%/yr. Reported net income was $32.1B in FY2026.

Growth Quality 66/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
$1.2T
Latest YoY
+2.3%
Avg. growth/yr (3Y)
+0.7%
Avg. growth/yr (5Y)
+6.0%
Avg. growth/yr (28Y)
+2.5%
Revenue +6.1%/yr
FY22 $911B
FY23 $1.1T
FY24 $1.2T
FY25 $1.1T
FY26 $1.2T
Net income
FY22 −$26.1B
FY23 −$103B
FY24 $4.5B
FY25 −$47.5B
FY26 $32.1B

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Cite: Fair Value Calculator (2026). "Konica Minolta, Inc Fair Value". https://www.fairvalue-calculator.com/stock/KNCAY

Peer Group

Business Equipment & Supplies · 73 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 60 · Above median
Fair Value upside +71% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 6% · Above median
Revenue growth 4% · Above median
Dividend yield (TTM) 2.1% · Below median
Debt / equity 0.40× · Higher than 75% of peers

Valuation Multiples vs Business Equipment & Supplies median · lower = cheaper

P/E (TTM) 8.9× · Cheaper than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 33
FUTURE 18 · sector 18
PAST 26 · sector 20
HEALTH 80 · sector 98
DIVIDEND 42 · sector 52

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Business Equipment & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Ricoh Company RICO ¥15.33 ¥17.99 +17%
GRG Banking Equipment Co 002152 ¥10.08 ¥6.90 -32%
Shanghai M&G Stationery Inc 603899 ¥21.45 ¥30.05 +40%
XGD Inc 300130 ¥19.90 ¥15.67 -21%
DOMS Industries Limited DOMS ₹2,260 ₹782.96 -65%
Hengbao Co 002104 ¥9.20 ¥1.66 -82%
Shaanxi Fenghuo Electronics Co 000561 ¥6.99 ¥1.75 -75%
Shenzhen Comix Group 002301 ¥7.30 ¥3.11 -57%
Shandong New Beiyang Information Technology Co 002376 ¥6.00 ¥1.73 -71%
Qingdao Hiron Commercial Cold Chain Co 603187 ¥11.92 ¥21.12 +77%

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Frequently asked questions

Is Konica Minolta, Inc (KNCAY) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of $13.09 versus a price of $7.65, about +71% (undervalued).
What is the fair value of KNCAY?
Our model-based fair value for Konica Minolta, Inc is $13.09 (as of Jul 18, 2026), built from audited fundamentals. The current price is $7.65.
What is the quality score of KNCAY?
Konica Minolta, Inc has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Konica Minolta, Inc (KNCAY)?
Konica Minolta, Inc reported trailing-twelve-month revenue of about $1.1T (latest available figure, as of Jul 18, 2026).
What is the net profit margin of KNCAY?
The net profit margin of Konica Minolta, Inc is about 2.8%, meaning it keeps roughly 2.8% of revenue as net income. Based on the latest reported figures.
Does Konica Minolta, Inc pay a dividend?
Konica Minolta, Inc currently shows a dividend yield of about 2.10% relative to its recent price (as of Jul 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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