METAWATER Co (9551) AI Stock Analysis

• Market Cap: ¥117.20B
• Dividend Yield: 1.84%
• Average Volume (3M): 140.69K
• Price to Earnings (P/E): 14.5
• Beta (1Y): 0.56
• Revenue Growth: 13.86%
• EPS Growth: 51.05%
• Country: JP
• Employees: 2,880
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Pollution & Treatment Controls
• EPS (TTM): 36.83
• Shares Outstanding: 44,258,500
• 10 Day Avg. Volume: 132,870
• 30 Day Avg. Volume: 140,693
• PEG Ratio: -31.08
• Price to Book (P/B): 1.03
• Price to Sales (P/S): 0.47
• P/FCF Ratio: 7.26
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: ¥3,968.00 ▲(18.62% Upside)

METAWATER Co. demonstrates strong financial performance with robust revenue growth and improving cash flows. The technical indicators show bullish momentum, although the stock is currently overbought. Valuation metrics suggest the stock is fairly valued, with a moderate dividend yield.

Positive Factors

Revenue Growth

Strong revenue growth indicates expanding market presence and effective business strategies, supporting long-term sustainability.

Cash Flow Improvement

Positive cash flow enhances financial flexibility, enabling investment in growth opportunities and debt servicing.

Balance Sheet Health

A robust balance sheet with a strong equity base supports financial stability and resilience against economic fluctuations.

Negative Factors

Rising Debt Levels

Rising debt levels could strain financial flexibility, necessitating careful management to avoid potential liquidity issues.

Net Profit Margin Decline

Decreasing net profit margins may indicate rising costs, which could pressure profitability if not managed effectively.

Cost Management Challenges

Effective cost management is essential to maintain margins and profitability, especially in a competitive industry.

METAWATER Co Business Overview & Revenue Model

Company Description

METAWATER Co., Ltd. designs and constructs equipment for water treatment plants, sewage treatment plants, and waste treatment facilities in Japan and internationally. It operates in two segments, Plant Engineering Business and Service Solution Business. The company also designs, manufactures, and sells various devices; implements repair work; and installs machine and equipment, and telecommunication work, as well as provision including operation management services. In addition, it offers civil engineering, building, electrical, plumbing, tile, brick, and block works; and provides water and sewage, and sanitation facilities works. The company was incorporated in 2007 and is headquartered in Tokyo, Japan.

How the Company Makes Money

METAWATER generates revenue through multiple streams, including the sale of water treatment equipment, systems, and technologies. The company also earns income from providing maintenance and support services for existing water treatment facilities. Significant revenue is derived from long-term contracts with municipalities and industrial clients for the operation and management of water supply and wastewater treatment plants. Additionally, METAWATER partners with other firms and government entities to develop and implement large-scale water infrastructure projects, contributing to its earnings through project-based contracts and consulting services.

METAWATER Co Financial Statement Overview

Summary

METAWATER Co. is performing well with strong revenue growth and profitability. The balance sheet is solid with manageable leverage, and cash flows are improving, enhancing financial stability. However, attention to cost management and debt levels is crucial.

Income Statement

METAWATER Co. has shown strong revenue growth over recent years, increasing from ¥133,355 million in 2021 to ¥179,094 million in 2025. The gross profit margin has been stable, reflecting effective cost management. The EBIT and EBITDA margins are healthy, indicating strong operational efficiency. However, slight declines in net profit margin suggest rising expenses or other cost pressures.

Balance Sheet

The company's balance sheet is robust with a solid equity base that has increased from ¥53,265 million in 2021 to ¥81,304 million in 2025. The debt-to-equity ratio remains manageable, demonstrating prudent leverage levels. The equity ratio is healthy, indicating a strong asset base supported by equity. However, the increase in total debt requires monitoring to maintain financial flexibility.

Cash Flow

METAWATER Co. has achieved significant improvement in free cash flow, moving from negative values in earlier years to a positive free cash flow in 2025. The operating cash flow to net income ratio indicates efficient cash generation relative to net income. The company’s cash flow from operations has turned positive, supporting future capital expenditures and debt servicing.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	187.13B	179.09B	165.56B	150.72B	135.56B	133.35B
Gross Profit	41.46B	38.71B	34.40B	30.29B	28.49B	29.62B
EBITDA	13.86B	13.12B	13.19B	11.20B	10.62B	12.65B
Net Income	7.43B	6.85B	6.88B	6.25B	6.25B	6.54B
Balance Sheet
Total Assets	192.33B	196.78B	168.84B	142.69B	133.06B	131.19B
Cash, Cash Equivalents and Short-Term Investments	72.81B	36.28B	14.88B	11.72B	21.29B	18.78B
Total Debt	40.91B	40.42B	27.01B	14.40B	12.41B	11.68B
Total Liabilities	110.03B	111.43B	93.17B	76.06B	73.52B	77.76B
Stockholders Equity	78.17B	81.30B	72.93B	65.19B	59.25B	53.27B
Cash Flow
Free Cash Flow	0.00	11.54B	-11.45B	-6.92B	3.85B	9.67B
Operating Cash Flow	0.00	13.32B	-5.49B	-4.34B	6.63B	10.40B
Investing Cash Flow	0.00	-4.09B	-3.10B	-6.45B	-3.85B	-3.25B
Financing Cash Flow	0.00	12.01B	11.34B	717.00M	-628.00M	-2.10B

METAWATER Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3345.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9551, the sentiment is Positive. The current price of 3345 is above the 20-day moving average (MA) of 3280.75, above the 50-day MA of 3221.72, and above the 200-day MA of 2571.27, indicating a bullish trend. The MACD of 15.50 indicates Negative momentum. The RSI at 53.36 is Neutral, neither overbought nor oversold. The STOCH value of 55.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9551.

METAWATER Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6332	80 Outperform	¥106.39B	7.17	―	3.20%	2.46%	533.70%
6331	79 Outperform	¥78.51B	12.50	16.37%	2.79%	31.48%	16.11%
9551	76 Outperform	¥117.20B	14.54	12.54%	1.84%	13.86%	51.05%
6368	76 Outperform	¥591.97B	21.46	―	1.43%	7.87%	38.32%
6370	71 Outperform	¥724.17B	31.68	6.61%	1.58%	5.02%	-27.41%
6489	68 Neutral	¥33.82B	11.47	―	2.74%	0.18%	-18.93%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

METAWATER Co Corporate Events

METAWATER Co. Announces Increased Interim Dividend for Fiscal Year 2026

METAWATER Co., Ltd. has announced an interim dividend of 35.00 yen per share for the fiscal year ending March 31, 2026, reflecting an increase from the previous year’s 24.00 yen. This decision aligns with the company’s policy of maintaining a progressive dividend payout ratio of 30-40%, balancing shareholder returns with the need for internal reserves to support stable growth and adapt to business environment changes.

METAWATER Co. Revises Earnings and Dividend Forecasts Upward

METAWATER Co., Ltd. has revised its full-year consolidated earnings and dividend forecasts for the fiscal year ending March 31, 2026, due to strong performance in orders and overseas subsidiaries, alongside effective project management and cost reductions. The company has increased its net sales and profit forecasts, reflecting a robust financial outlook, and has also raised its dividend forecast, aiming to enhance shareholder returns while maintaining a stable growth strategy.

METAWATER Reports Strong Financial Growth and Positive Outlook

METAWATER Co., Ltd. reported a significant improvement in its financial performance for the six months ended September 30, 2025, with net sales increasing by 27.8% compared to the previous year. The company has revised its forecasts for the fiscal year ending March 31, 2026, indicating expectations of continued growth in net sales and profitability, which reflects positively on its operational strategies and market positioning.