Financials Iwatani Corporation

Equities

8088

JP3151600008

Oil & Gas Refining and Marketing

Delayed Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
8,928 JPY +0.56% Intraday chart for Iwatani Corporation +0.96% +38.78%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 174,956 177,665 392,826 297,376 333,069 513,633 - -
Enterprise Value (EV) 1 281,367 278,715 450,203 378,376 438,534 610,386 620,467 649,059
P/E ratio 9.1 x 8.46 x 15.8 x 9.92 x 10.4 x 13.6 x 10.1 x 11.3 x
Yield 1.83% 2.63% 1.1% 1.64% 1.64% 1.14% 1.67% 1.62%
Capitalization / Revenue 0.24 x 0.26 x 0.62 x 0.43 x 0.37 x 0.56 x 0.55 x 0.54 x
EV / Revenue 0.39 x 0.41 x 0.71 x 0.55 x 0.48 x 0.67 x 0.66 x 0.68 x
EV / EBITDA 6.34 x 5.48 x 8.98 x 6.18 x 6.83 x 8.03 x 7.89 x 8.36 x
EV / FCF 20,510,806 x 29,716,914 x 25,068,389 x -20,058,088 x -49,748,644 x - - -
FCF Yield 0% 0% 0% -0% -0% - - -
Price to Book 1.06 x 0.97 x 1.62 x 1.1 x 1.1 x 1.56 x 1.38 x 1.23 x
Nbr of stocks (in thousands) 49,214 49,215 57,515 57,519 57,525 57,531 - -
Reference price 2 3,555 3,610 6,830 5,170 5,790 8,928 8,928 8,928
Announcement Date 5/14/19 5/14/20 5/14/21 5/13/22 5/15/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 715,085 686,771 635,590 690,392 906,261 910,100 934,567 955,300
EBITDA 1 44,373 50,839 50,114 61,187 64,250 76,050 78,650 77,600
EBIT 1 26,456 28,728 29,986 40,076 40,035 47,433 48,733 48,350
Operating Margin 3.7% 4.18% 4.72% 5.8% 4.42% 5.21% 5.21% 5.06%
Earnings before Tax (EBT) 29,438 32,197 35,009 45,943 47,322 - - -
Net income 1 19,221 20,994 23,207 29,964 32,022 38,500 47,933 45,400
Net margin 2.69% 3.06% 3.65% 4.34% 3.53% 4.23% 5.13% 4.75%
EPS 2 390.6 426.6 431.6 521.0 556.7 656.5 882.5 789.2
Free Cash Flow 13,718 9,379 17,959 -18,864 -8,815 - - -
FCF margin 1.92% 1.37% 2.83% -2.73% -0.97% - - -
FCF Conversion (EBITDA) 30.92% 18.45% 35.84% - - - - -
FCF Conversion (Net income) 71.37% 44.67% 77.39% - - - - -
Dividend per Share 2 65.00 95.00 75.00 85.00 95.00 101.7 149.0 145.0
Announcement Date 5/14/19 5/14/20 5/14/21 5/13/22 5/15/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3
Net sales 1 323,100 363,671 284,626 350,964 297,005 182,419 203,803 413,218 242,570 250,473 201,909 192,302 394,211 223,302
EBITDA - - - - - - - - - - - - - -
EBIT 1 8,317 20,411 7,528 22,458 13,677 12,176 8,913 14,497 9,284 16,254 8,512 6,079 14,591 17,315
Operating Margin 2.57% 5.61% 2.64% 6.4% 4.6% 6.67% 4.37% 3.51% 3.83% 6.49% 4.22% 3.16% 3.7% 7.75%
Earnings before Tax (EBT) 1 10,086 - 9,881 - 16,647 14,133 11,536 18,602 10,790 17,930 11,163 8,073 19,236 18,106
Net income 1 6,232 - 6,277 16,930 10,295 9,305 7,743 12,301 6,965 12,756 7,172 4,890 12,062 12,107
Net margin 1.93% - 2.21% 4.82% 3.47% 5.1% 3.8% 2.98% 2.87% 5.09% 3.55% 2.54% 3.06% 5.42%
EPS 2 126.7 - 125.5 306.1 179.0 161.8 134.6 213.9 121.1 - 124.7 - 209.7 210.4
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 11/8/19 5/14/20 11/9/20 5/14/21 11/10/21 2/4/22 8/8/22 11/9/22 2/8/23 5/15/23 8/7/23 11/9/23 11/9/23 2/7/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 106,411 101,050 57,377 81,000 105,465 96,753 106,834 135,426
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.398 x 1.988 x 1.145 x 1.324 x 1.641 x 1.272 x 1.358 x 1.745 x
Free Cash Flow 13,718 9,379 17,959 -18,864 -8,815 - - -
ROE (net income / shareholders' equity) 12% 12.1% 10.9% 11.7% 11.2% 13.3% 16.1% 14.5%
ROA (Net income/ Total Assets) 6.56% 6.96% 7.03% 8.69% 7.74% - - -
Assets 1 292,961 301,644 330,249 344,747 413,628 - - -
Book Value Per Share 2 3,362 3,704 4,215 4,697 5,250 5,739 6,482 7,233
Cash Flow per Share 755.0 817.0 806.0 888.0 978.0 - - -
Capex 25,399 20,958 30,820 29,563 70,268 - - -
Capex / Sales 3.55% 3.05% 4.85% 4.28% 7.75% - - -
Announcement Date 5/14/19 5/14/20 5/14/21 5/13/22 5/15/23 - - -
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
8,928 JPY
Average target price
10,510 JPY
Spread / Average Target
+17.72%
Consensus
  1. Stock Market
  2. Equities
  3. 8088 Stock
  4. Financials Iwatani Corporation