The Discounted Cash Flow (DCF) valuation of Air Water Inc (4088.T) is 2,489.64 JPY. With the latest stock price at 2,177.00 JPY, the upside of Air Water Inc based on DCF is 14.4%.

Is 4088.T a buy or a sell?

Based on the latest price of 2,177.00 JPY and our DCF valuation, Air Water Inc (4088.T) is a buy. Buying 4088.T stocks now will result in a potential gain of 14.4%.

	Range	Selected
WACC / Discount Rate	4.7% - 6.3%	5.5%
Long-term Growth Rate	0.5% - 1.5%	1.0%
Fair Price	1,624.94 - 4,078.03	2,489.64
Upside	-25.4% - 87.3%	14.4%

2,177.00 JPY

Stock Price

2,489.64 JPY

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

4088.T DCF Valuation: Revenue & Expenses Forecast

(JPY in millions)		Projections

	03-2025	03-2026	03-2027	03-2028	03-2029	03-2030

Revenue	1,075,929	1,149,176	1,204,215	1,280,614	1,316,830	1,378,321
% Growth	5%	7%	5%	6%	3%	5%

Cost of goods sold	(844,399)	(901,884)	(945,079)	(1,005,038)	(1,033,460)	(1,081,719)
% of Revenue	78%	78%	78%	78%	78%	78%

Selling, G&A expenses	(166,769)	(178,122)	(186,653)	(198,495)	(204,109)	(213,640)
% of Revenue	16%	16%	16%	16%	16%	16%

Research & Development	0	0	0	0	0	0
% of Revenue	0%	0%	0%	0%	0%	0%

Net interest & other expenses	9,214	9,841	10,313	10,967	11,277	11,804
% of Revenue	1%	1%	1%	1%	1%	1%

Tax expense	(23,564)	(24,356)	(25,523)	(27,142)	(27,910)	(29,213)
Tax rate	32%	31%	31%	31%	31%	31%

Net profit	50,411	54,655	57,272	60,906	62,628	65,553
% Margin	5%	5%	5%	5%	5%	5%