The Discounted Cash Flow (DCF) valuation of Zojirushi Corp (7965.T) is 2,154.09 JPY. With the latest stock price at 1,875.00 JPY, the upside of Zojirushi Corp based on DCF is 14.9%.

Is 7965.T a buy or a sell?

Based on the latest price of 1,875.00 JPY and our DCF valuation, Zojirushi Corp (7965.T) is a buy. Buying 7965.T stocks now will result in a potential gain of 14.9%.

	Range	Selected
WACC / Discount Rate	4.9% - 6.6%	5.8%
Long-term Growth Rate	1.0% - 3.0%	2.0%
Fair Price	1,662.78 - 3,583.17	2,154.09
Upside	-11.3% - 91.1%	14.9%

1,875.00 JPY

Stock Price

2,154.09 JPY

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

7965.T DCF Valuation: Revenue & Expenses Forecast

(JPY in millions)		Projections

	11-2024	11-2025	11-2026	11-2027	11-2028	11-2029

Revenue	87,221	90,803	93,409	95,286	100,476	102,486
% Growth	4%	4%	3%	2%	5%	2%

Cost of goods sold	(58,919)	(61,339)	(63,099)	(64,367)	(67,873)	(69,231)
% of Revenue	68%	68%	68%	68%	68%	68%

Selling, G&A expenses	(22,346)	(23,264)	(23,931)	(24,412)	(25,742)	(26,257)
% of Revenue	26%	26%	26%	26%	26%	26%

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

Net interest & other expenses	3,368	3,506	3,607	3,679	3,880	3,957
% of Revenue	4%	4%	4%	4%	4%	4%

Tax expense	(2,785)	(2,899)	(2,983)	(3,043)	(3,208)	(3,272)
Tax rate	30%	30%	30%	30%	30%	30%

Net profit	6,539	6,808	7,003	7,144	7,533	7,683
% Margin	7%	7%	7%	7%	7%	7%