What is Headwaters Co.,Ltd's (4011.T) StockRank?

MoatMap's StockRank for Headwaters Co.,Ltd (4011.T) is 12/100, with a Strong Sell signal. This is a composite score combining Quality (42), Value (30), and Momentum (26) factor ranks across MoatMap's 20,000+ stock universe.

Does Headwaters Co.,Ltd have an economic moat?

Headwaters Co.,Ltd (4011.T) has a Quality factor score of 42/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is Headwaters Co.,Ltd a buy, hold, or sell?

MoatMap's current signal for Headwaters Co.,Ltd (4011.T) is Strong Sell, based on a StockRank of 12/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is Headwaters Co.,Ltd in?

Headwaters Co.,Ltd (4011.T) operates in the Technology sector, specifically the Software - Application industry (Japan).

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4011.T

STRONG SELLREMOVE

Headwaters Co.,Ltd · Technology · Japan · $88M · Avg Vol: $752K/d

StockRank

P/E (TTM)

141.8x

ROE

8.2%

D/E

1.4x

Dividend %

—

Director Trades · 180d

None in 180d →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

Headwaters is a small-cap Japanese AI systems integrator. While operating in a growth sector, it lacks the scale, proprietary IP, and global distribution of a true compounder.

COMPANY DESCRIPTION

Headwaters Co., Ltd. provides AI-driven system integration services, specializing in the deployment of edge AI, IoT, and cloud-native applications. The company acts as a key digital transformation partner for major enterprises, leveraging partnerships with global tech giants like Microsoft and NVIDIA. Its competitive advantage is rooted in its rapid development capabilities and expertise in combining multi-modal AI with physical robotics.

FINANCIAL SUMMARY (USD)

Year	2022	2023	2024	2025	CAGR
Revenue	10M	14M	18M	24M	35.3%
EPS	0.13	0.12	0.45	0.09	-9.0%
Shares	4M	4M	4M	4M	+2.7%
Debt	2M	2M	0	12M	86.3%
Equity	5M	6M	8M	8M	15.0%
Op CF	526,830	548,042	902,821	-242,027	30.9%
Inv CF	-195,114	-101,411	-1M	-13M	—
Fin CF	0	50,909	64,081	12M	—

PRICE (1M)-1.5%

SMA 50SMA 200

$13.25

RSI (14)

41.5

52W High

$28.32

From 52W High

0.5%

SCORE BREAKDOWN

Quality

ROIC

10.2%63.2

ROE

8.2%53.5

GP/Assets

51.3%88.7

Op. Margin

10.7%63.5

FCF/Assets

—N/A

Piotroski

—4.4

Int. Cover

13.4x56.9

D/E Ratio

1.39x7.5

Current Ratio

0.69x3.4

Value

P/E (TTM)

141.8x13.3

EV/EBITDA

18.0x44.0

P/FCF

—N/A

P/B

5.6x28.9

P/S

2.7x54.7

Div Yield

—N/A

Momentum

52W High %

47%11.6

RS 6M

-66%12.7

SMA 50/200

0.77x5.9

EPS Rev 4W

—N/A

EPS Rev 12W

—N/A

EPS Improve

—90.1

Q Growth

—N/A

FUNDAMENTALS

Market Cap

$88M

P/E (Forward)

29.3x

Gross Margin

45.2%

SECTOR PEERS

Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of 4011.T are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
4011.T	Headwaters Co.,Ltd(you)	$88M	12	STRONG SELL
NXTT	Next Technology Holding Inc.	$108M	12	STRONG SELL
5246.T	ELEMENTS, Inc.	$100M	9	STRONG SELL
3777.T	Environment Friendly Holdings Corp.	$109M	10	STRONG SELL
4344.T	Sourcenext Corporation	$104M	15	STRONG SELL
4192.T	SpiderPlus & Co.	$64M	9	STRONG SELL
2334.T	eole Inc.	$107M	20	SELL
6047.T	Gunosy Inc.	$74M	21	SELL
4382.T	HEROZ, Inc.	$68M	20	STRONG SELL
4448.T	kubell Co., Ltd.	$76M	23	SELL

Peer medians: ROE 12.4% · P/E 16.9x · Gross margin 33.1%

Headwaters Co.,Ltd (4011.T) — Stock Score Summary

Headwaters Co.,Ltd (4011.T) has a MoatMap StockRank of 12/100 based on Quality (42/100), Value (30/100), and Momentum (26/100) factor scores. The current signal is STRONG SELL. Headwaters is a small-cap Japanese AI systems integrator. While operating in a growth sector, it lacks the scale, proprietary IP, and global distribution of a true compounder.

Key Financial Metrics

Price	$13.25
Market Cap	$88M
P/E (TTM)	141.81
P/E (Forward)	29.34
Price/Book	5.64
Return on Equity	8.2%
Return on Invested Capital	10.2%
Debt/Equity	138.99
Gross Margin	45.2%
Operating Margin	10.7%
Revenue Growth	70.7%

Headwaters Co.,Ltd operates in the Software - Application industry, part of the Technology sector (Japan).

Frequently Asked Questions

What is Headwaters Co.,Ltd’s (4011.T) StockRank?: MoatMap’s StockRank for Headwaters Co.,Ltd (4011.T) is 12/100, with a Strong Sell signal. It is a composite of Quality (42), Value (30), and Momentum (26) factor ranks across MoatMap’s 20,000+ stock universe.
Does Headwaters Co.,Ltd have an economic moat?: Headwaters Co.,Ltd (4011.T) has a Quality factor score of 42/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Headwaters Co.,Ltd a buy, hold, or sell?: MoatMap’s current signal for Headwaters Co.,Ltd (4011.T) is Strong Sell, based on a StockRank of 12/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Headwaters Co.,Ltd in?: Headwaters Co.,Ltd (4011.T) operates in the Technology sector, specifically the Software - Application industry (Japan).