Rinnai (5947) AI Stock Analysis

• Market Cap: ¥513.58B
• Dividend Yield: 2.25%
• Average Volume (3M): 271.58K
• Price to Earnings (P/E): 11.8
• Beta (1Y): 0.56
• Revenue Growth: 3.33%
• EPS Growth: 9.57%
• Country: JP
• Employees: 10,837
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 83.77
• Shares Outstanding: 141,126,770
• 10 Day Avg. Volume: 269,030
• 30 Day Avg. Volume: 271,580
• PEG Ratio: 1.22
• Price to Book (P/B): 1.21
• Price to Sales (P/S): 1.06
• P/FCF Ratio: 12.04
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 259.51
• Revenue Forecast (FY): ¥494.14B

• Rating: 76 Outperform
• Price Target: ¥4,870.00 ▲(19.95% Upside)
• Action: Reiterated Date: 11/07/25
• Date: Action: Reiterated 11/07/25

Rinnai's strong financial performance, characterized by robust revenue growth and a solid balance sheet, is the primary driver of its stock score. The technical analysis suggests a positive trend, though caution is advised due to potential short-term weakness. The valuation is reasonable, with an attractive dividend yield enhancing the stock's appeal.

Positive Factors

Balance sheet strength

Rinnai's extremely low leverage and high equity ratio create durable financial flexibility. Minimal debt reduces refinancing risk, supports steady dividends and capex funding, and allows the company to absorb demand shocks or invest in product development without relying on external financing.

Negative Factors

Modest net margin

A mid-single-digit net margin limits the firm's buffer against rising input or energy costs and constrains retained earnings available for growth. In prolonged inflationary or competitive pressure scenarios, modest net profitability can compress free cash flow and restrict strategic reinvestment.

Rinnai Business Overview & Revenue Model

Company Description

Rinnai Corporation develops, manufactures, and sells heating products in Japan, the United States, Australia, China, South Korea, Indonesia, and internationally. The company offers water heaters, including tankless water heaters and hybrid water h...

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Rinnai Corporation develops, manufactures, and sells heating products in Japan, the United States, Australia, China, South Korea, Indonesia, and internationally. The company offers water heaters, including tankless water heaters and hybrid water h...

How the Company Makes Money

Rinnai generates revenue primarily through the sale of its heating and cooling products, which include water heaters, boilers, and kitchen appliances. The company operates a diversified revenue model that includes both direct sales to consumers an...

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Rinnai generates revenue primarily through the sale of its heating and cooling products, which include water heaters, boilers, and kitchen appliances. The company operates a diversified revenue model that includes both direct sales to consumers an...

Rinnai Financial Statement Overview

Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	464.88B	460.32B	430.19B	425.23B	366.19B	344.36B
Gross Profit	158.39B	151.61B	133.79B	135.02B	113.69B	112.67B
EBITDA	61.88B	61.13B	53.91B	54.78B	47.70B	52.27B
Net Income	29.50B	29.69B	26.67B	26.10B	23.75B	27.58B
Balance Sheet
Total Assets	574.59B	606.59B	577.09B	547.11B	512.87B	497.29B
Cash, Cash Equivalents and Short-Term Investments	166.97B	176.81B	155.67B	158.62B	185.49B	204.93B
Total Debt	23.82B	3.53B	3.76B	2.69B	2.06B	1.73B
Total Liabilities	130.83B	144.87B	139.65B	139.91B	134.01B	125.97B
Stockholders Equity	396.87B	405.85B	387.77B	364.15B	343.12B	342.33B
Cash Flow
Free Cash Flow	0.00	40.66B	6.60B	-6.56B	8.47B	36.88B
Operating Cash Flow	0.00	57.50B	43.35B	19.39B	28.70B	49.49B
Investing Cash Flow	0.00	-22.68B	-19.97B	-30.09B	-25.49B	-15.82B
Financing Cash Flow	0.00	-26.50B	-23.66B	-21.31B	-27.11B	-7.27B

Rinnai Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4060.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5947, the sentiment is Negative. The current price of 4060 is above the 20-day moving average (MA) of 3702.91, above the 50-day MA of 3900.07, and above the 200-day MA of 3726.37, indicating a bearish trend. The MACD of -65.23 indicates Negative momentum. The RSI at 42.04 is Neutral, neither overbought nor oversold. The STOCH value of 42.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:5947.

Rinnai Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5951	82 Outperform	¥16.64B	2.31	―	2.30%	9.86%	119.10%
6484	81 Outperform	¥19.68B	9.88	―	3.46%	3.87%	5.89%
5947	76 Outperform	¥513.58B	11.76	8.51%	2.25%	3.33%	9.57%
7981	72 Outperform	¥175.86B	8.20	―	3.41%	6.17%	61.39%
5946	67 Neutral	¥66.85B	31.55	1.61%	2.27%	1.82%	-32.79%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
5909	56 Neutral	¥28.02B	3.93	―	2.94%	0.41%	-51.02%

Rinnai Corporate Events