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Idemitsu KosanLtd

DB:I7B
Snowflake Description

Established dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
I7B
DB
¥742B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Idemitsu Kosan Co.,Ltd. manufactures and sells fuel oils and lubricant oils in Japan and internationally. The last earnings update was 45 days ago. More info.


Add to Portfolio Compare Print
  • Idemitsu KosanLtd has significant price volatility in the past 3 months.
I7B Share Price and Events
7 Day Returns
1.5%
DB:I7B
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-32.8%
DB:I7B
21.9%
DE Oil and Gas
-17.7%
DE Market
I7B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Idemitsu KosanLtd (I7B) 1.5% -6.5% -17.2% -32.8% -36% 29.3%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • I7B underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • I7B underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
I7B
Industry
5yr Volatility vs Market

I7B Value

 Is Idemitsu KosanLtd undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Idemitsu KosanLtd to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Idemitsu KosanLtd.

DB:I7B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:I7B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 30.86%) (163.44%))
1.483
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.48
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.483 * 6.33%)
9%

Discounted Cash Flow Calculation for DB:I7B using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Idemitsu KosanLtd is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:I7B DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 9%)
2020 54,225.00 Analyst x4 49,748.42
2021 58,355.80 Analyst x5 49,118.32
2022 74,231.80 Analyst x5 57,323.03
2023 99,733.33 Analyst x3 70,657.66
2024 103,350.00 Analyst x2 67,175.22
2025 105,594.62 Est @ 2.17% 62,968.04
2026 107,076.44 Est @ 1.4% 58,580.36
2027 108,002.99 Est @ 0.87% 54,209.27
2028 108,530.82 Est @ 0.49% 49,977.05
2029 108,775.13 Est @ 0.23% 45,954.38
Present value of next 10 years cash flows ¥565,711.00
DB:I7B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥108,775.13 × (1 + -0.39%) ÷ (9% – -0.39%)
¥1,154,088.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥1,154,088.76 ÷ (1 + 9%)10
¥487,569.44
DB:I7B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥565,711.00 + ¥487,569.44
¥1,053,280.44
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥1,053,280.44 / 299.45
¥3517.38
DB:I7B Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:I7B represents 0.00816x of TSE:5019
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00816x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 3,517.38 x 0.00816
€28.68
Value per share (EUR) From above. €28.68
Current discount Discount to share price of €20.20
= -1 x (€20.20 - €28.68) / €28.68
29.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Idemitsu KosanLtd is available for.
Intrinsic value
30%
Share price is €20.2 vs Future cash flow value of €28.68
Current Discount Checks
For Idemitsu KosanLtd to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Idemitsu KosanLtd's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Idemitsu KosanLtd's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Idemitsu KosanLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Idemitsu KosanLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:I7B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥161.94
TSE:5019 Share Price ** TSE (2020-03-30) in JPY ¥2477
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Idemitsu KosanLtd.

DB:I7B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:5019 Share Price ÷ EPS (both in JPY)

= 2477 ÷ 161.94

15.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Idemitsu KosanLtd is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Idemitsu KosanLtd is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Idemitsu KosanLtd's expected growth come at a high price?
Raw Data
DB:I7B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
19.8%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:I7B PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.3x ÷ 19.8%

0.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Idemitsu KosanLtd is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Idemitsu KosanLtd's assets?
Raw Data
DB:I7B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥4,159.40
TSE:5019 Share Price * TSE (2020-03-30) in JPY ¥2477
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:I7B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:5019 Share Price ÷ Book Value per Share (both in JPY)

= 2477 ÷ 4,159.40

0.6x

* Primary Listing of Idemitsu KosanLtd.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Idemitsu KosanLtd is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Idemitsu KosanLtd's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Idemitsu KosanLtd has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

I7B Future Performance

 How is Idemitsu KosanLtd expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
19.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Idemitsu KosanLtd expected to grow at an attractive rate?
  • Idemitsu KosanLtd's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Idemitsu KosanLtd's earnings growth is expected to exceed the Germany market average.
  • Idemitsu KosanLtd's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:I7B Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:I7B Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 19.8%
DB:I7B Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts -0.8%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:I7B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:I7B Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 5,868,400 233,350 144,800 3
2023-03-31 5,943,900 247,500 144,450 4
2022-03-31 5,810,250 231,212 130,900 6
2021-03-31 5,933,698 225,216 112,341 7
2020-03-31 6,116,574 208,300 69,294 7
2020-03-30
DB:I7B Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 5,645,717 44,600
2019-09-30 5,311,202 88,796 23,333
2019-06-30 4,896,736 62,349
2019-03-31 4,425,144 151,015 81,450
2018-12-31 4,406,430 119,008
2018-09-30 4,147,281 9,569 208,442
2018-06-30 3,903,699 192,030
2018-03-31 3,730,690 136,760 162,307
2017-12-31 3,593,853 172,627
2017-09-30 3,461,388 156,963 122,744
2017-06-30 3,343,299 95,120
2017-03-31 3,190,347 53,539 88,164

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Idemitsu KosanLtd's earnings are expected to grow by 19.8% yearly, however this is not considered high growth (20% yearly).
  • Idemitsu KosanLtd's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:I7B Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Idemitsu KosanLtd Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:I7B Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 501.81 628.50 375.13 2.00
2023-03-31 501.75 586.30 372.36 3.00
2022-03-31 442.14 531.00 299.40 6.00
2021-03-31 376.55 481.20 275.00 7.00
2020-03-31 245.96 312.40 170.80 7.00
2020-03-30
DB:I7B Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 161.94
2019-09-30 93.29
2019-06-30 275.59
2019-03-31 401.63
2018-12-31 579.53
2018-09-30 1,004.73
2018-06-30 941.14
2018-03-31 845.17
2017-12-31 958.45
2017-09-30 730.26
2017-06-30 594.68
2017-03-31 551.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Idemitsu KosanLtd is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Idemitsu KosanLtd's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Idemitsu KosanLtd has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

I7B Past Performance

  How has Idemitsu KosanLtd performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Idemitsu KosanLtd's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Idemitsu KosanLtd has delivered over 20% year on year earnings growth in the past 5 years.
  • Idemitsu KosanLtd's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Idemitsu KosanLtd's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Idemitsu KosanLtd's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Idemitsu KosanLtd Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:I7B Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 5,645,717.00 44,600.00 393,601.00
2019-09-30 5,311,202.00 23,333.00 364,190.00
2019-06-30 4,896,736.00 62,349.00 334,949.00
2019-03-31 4,425,144.00 81,450.00 308,374.00
2018-12-31 4,406,430.00 119,008.00 303,444.00
2018-09-30 4,147,281.00 208,442.00 299,935.00
2018-06-30 3,903,699.00 192,030.00 295,658.00
2018-03-31 3,730,690.00 162,307.00 292,559.00
2017-12-31 3,593,853.00 172,627.00 292,080.00
2017-09-30 3,461,388.00 122,744.00 288,009.00
2017-06-30 3,343,299.00 95,120.00 286,985.00
2017-03-31 3,190,347.00 88,164.00 284,254.00
2016-12-31 3,034,222.00 51,602.00 277,643.00
2016-09-30 3,130,414.00 -6,673.00 275,970.00
2016-06-30 3,326,172.00 -28,971.00 275,866.00
2016-03-31 3,570,202.00 -35,993.00 280,678.00
2015-12-31 3,848,214.00 -108,329.00 296,871.00
2015-09-30 4,079,816.00 -163,309.00 306,117.00
2015-06-30 4,366,202.00 -135,745.00 304,827.00
2015-03-31 4,629,732.00 -137,958.00 303,464.00
2014-12-31 4,954,069.00 -63,030.00 281,775.00
2014-09-30 5,104,054.00 16,260.00 270,678.00
2014-06-30 5,115,150.00 22,862.00 268,111.00
2014-03-31 5,034,995.00 36,294.00 262,927.00
2013-12-31 4,876,152.00 76,497.00 256,141.00
2013-09-30 4,669,257.00 86,533.00 255,280.00
2013-06-30 4,424,117.00 73,065.00 251,921.00
2013-03-31 4,374,696.00 50,167.00 248,988.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Idemitsu KosanLtd has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Idemitsu KosanLtd used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Idemitsu KosanLtd has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Idemitsu KosanLtd's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Idemitsu KosanLtd has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

I7B Health

 How is Idemitsu KosanLtd's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Idemitsu KosanLtd's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Idemitsu KosanLtd's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Idemitsu KosanLtd's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Idemitsu KosanLtd's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Idemitsu KosanLtd Company Filings, last reported 2 months ago.

DB:I7B Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,296,091.00 1,212,300.00 125,225.00
2019-09-30 1,312,161.00 1,215,460.00 140,626.00
2019-06-30 1,316,950.00 1,153,982.00 117,816.00
2019-03-31 878,930.00 949,883.00 91,850.00
2018-12-31 922,411.00 1,115,780.00 100,405.00
2018-09-30 956,623.00 973,279.00 71,812.00
2018-06-30 928,460.00 931,991.00 81,220.00
2018-03-31 905,928.00 892,045.00 88,424.00
2017-12-31 882,659.00 962,485.00 169,732.00
2017-09-30 792,911.00 899,098.00 149,583.00
2017-06-30 634,756.00 1,057,348.00 141,645.00
2017-03-31 619,932.00 1,050,686.00 91,423.00
2016-12-31 548,557.00 1,063,390.00 117,812.00
2016-09-30 511,486.00 887,674.00 98,294.00
2016-06-30 537,793.00 926,764.00 109,091.00
2016-03-31 537,660.00 909,586.00 121,120.00
2015-12-31 560,293.00 1,013,061.00 112,486.00
2015-09-30 615,168.00 1,044,613.00 94,401.00
2015-06-30 626,651.00 1,020,036.00 93,945.00
2015-03-31 630,383.00 1,006,180.00 112,959.00
2014-12-31 681,126.00 1,110,276.00 129,486.00
2014-09-30 753,909.00 1,019,989.00 89,050.00
2014-06-30 747,540.00 1,031,076.00 121,274.00
2014-03-31 743,786.00 1,079,017.00 161,522.00
2013-12-31 734,550.00 1,056,092.00 177,742.00
2013-09-30 734,821.00 941,340.00 108,582.00
2013-06-30 717,675.00 939,392.00 132,150.00
2013-03-31 687,947.00 893,068.00 116,847.00
  • Idemitsu KosanLtd's level of debt (93.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (163% vs 93.5% today).
  • Debt is not well covered by operating cash flow (7.3%, less than 20% of total debt).
  • Idemitsu KosanLtd earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Idemitsu KosanLtd's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Idemitsu KosanLtd has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

I7B Dividends

 What is Idemitsu KosanLtd's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.46%
Current annual income from Idemitsu KosanLtd dividends. Estimated to be 6.64% next year.
If you bought €2,000 of Idemitsu KosanLtd shares you are expected to receive €129 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Idemitsu KosanLtd's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Idemitsu KosanLtd's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:I7B Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:I7B Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 175.00 2.00
2023-03-31 166.67 3.00
2022-03-31 165.00 6.00
2021-03-31 164.29 7.00
2020-03-31 160.00 7.00
2020-03-30
DB:I7B Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2020-02-14 160.000 6.185
2019-11-14 160.000 5.425
2019-06-27 160.000 5.269
2019-05-15 160.000 5.118
2019-02-14 100.000 2.662
2018-11-14 100.000 2.632
2018-06-28 100.000 1.939
2018-05-15 100.000 2.654
2018-02-14 80.000 2.001
2017-11-14 80.000 1.958
2017-06-29 50.000 1.717
2017-05-15 50.000 1.526
2017-02-14 50.000 1.342
2017-02-07 50.000 1.454
2016-11-14 50.000 1.640
2016-11-01 50.000 2.121
2016-06-28 50.000 2.458
2016-05-10 50.000 2.198
2016-02-12 50.000 2.563
2016-02-02 50.000 2.803
2015-11-13 50.000 2.639
2015-11-04 50.000 2.500
2015-06-25 50.000 2.377
2015-05-07 50.000 2.053
2015-02-13 50.000 2.303
2015-02-03 50.000 2.416
2014-11-14 50.000 2.503
2014-11-04 50.000 2.396
2014-06-26 50.000 2.259
2014-05-02 50.000 2.357
2014-02-14 50.000 2.352
2014-02-04 50.000 2.363
2013-11-05 50.000 2.186
2013-06-27 50.000 2.413
2013-05-02 50.000 2.504
2012-11-06 50.000 2.606
2012-08-07 50.000 3.040
2012-05-01 50.000 2.912
2012-02-14 37.500 1.854
2012-02-07 37.500 1.842
2011-11-14 37.500 1.843
2011-11-01 37.500 1.947
2011-08-02 37.500 2.005
2011-05-02 37.500 1.700
2011-02-14 37.500 1.573
2011-02-01 37.500 1.682
2010-11-12 37.500 1.808
2010-11-02 37.500 2.098
2010-06-25 37.500 2.185
2010-04-28 37.500 2.165
2010-02-12 37.500 2.139
2010-02-02 37.500 2.370
2009-11-04 37.500 2.653
2009-08-04 37.500 2.016
2009-04-17 37.500 1.879

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Idemitsu KosanLtd's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Idemitsu KosanLtd's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Idemitsu KosanLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Idemitsu KosanLtd has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

I7B Management

 What is the CEO of Idemitsu KosanLtd's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Shunichi Kito
COMPENSATION ¥210,000,000
AGE 63
TENURE AS CEO 1.9 years
CEO Bio

Mr. Shunichi Kito serves as President of Idemitsu Kosan Co. Ltd since April 1, 2018 and its a Director since June 2013. Mr. Kito is the Chief Executive Officer of Idemitsu Kosan Co. Ltd. He joined Idemitsu Kosan Co. Ltd in April 1980 and served as its Deputy General Manager of Personnel Department since April 2005, Deputy General Manager of Accounting Department since July 2008, Executive Officer and General Manager of Accounting Department since June 2011, Managing Executive Officer since June 2013 and Managing Director since June 2014.

CEO Compensation
  • Insufficient data for Shunichi to compare compensation growth.
  • Shunichi's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Idemitsu KosanLtd management team in years:

0.9
Average Tenure
61.5
Average Age
  • The average tenure for the Idemitsu KosanLtd management team is less than 2 years, this suggests a new team.
Management Team

Shunichi Kito

TITLE
CEO, President & Representative Director
COMPENSATION
¥210M
AGE
63
TENURE
1.9 yrs

Takashi Matsushita

TITLE
Executive VP
COMPENSATION
¥139M
AGE
63

Tsuyoshi Kameoka

TITLE
Vice Chairman & Executive Officer
AGE
57
TENURE
0.9 yrs

Toshiaki Sagishima

TITLE
Managing Executive Officer of Accounting & Finance
TENURE
0.9 yrs

Koji Tokumitsu

TITLE
General Manager of Investor Relations Office & Treasury Department

Susumu Nibuya

TITLE
EVP, Executive Officer of Resources
TENURE
0.9 yrs

Eiji Hagiwara

TITLE
Senior Executive Officer of Resources
AGE
60

Yuji Arai

TITLE
Managing Executive Officer of Supply & Demand

Kiyoshi Homma

TITLE
Managing Executive Officer & Head of Petrochemicals Headquarters
TENURE
0.9 yrs

Hiroshi Maezawa

TITLE
Senior Executive Officer and Head of Manufacturing & Technology Headquarters
Board of Directors Tenure

Average tenure and age of the Idemitsu KosanLtd board of directors in years:

0.9
Average Tenure
65
Average Age
  • The average tenure for the Idemitsu KosanLtd board of directors is less than 3 years, this suggests a new board.
Board of Directors

Takashi Tsukioka

TITLE
Chairman of Board
COMPENSATION
¥283M
AGE
68
TENURE
1.9 yrs

Shunichi Kito

TITLE
CEO, President & Representative Director
COMPENSATION
¥210M
AGE
63

Takashi Matsushita

TITLE
Executive VP
COMPENSATION
¥139M
AGE
63

Tsuyoshi Kameoka

TITLE
Vice Chairman & Executive Officer
AGE
57
TENURE
0.9 yrs

Tomonori Okada

TITLE
Executive VP
AGE
65

Katsuaki Shindome

TITLE
Director
TENURE
0.9 yrs

Takeo Kikkawa

TITLE
Outside Director
AGE
68

Mackenzie Clugston

TITLE
Outside Director
AGE
69

Masakazu Idemitsu

TITLE
Part-Time Director
TENURE
0.9 yrs

Kazunari Kubohara

TITLE
Part-Time Director
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Idemitsu KosanLtd's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Idemitsu KosanLtd has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

I7B News

Simply Wall St News

I7B Company Info

Description

Idemitsu Kosan Co.,Ltd. manufactures and sells fuel oils and lubricant oils in Japan and internationally. It operates through Petroleum Products, Petrochemical Products, Resources, and Others segments. The company offers lubricants, including marine and maintenance oils, metal working and industrial oils, grease products, traction drive fluids, polyvinyl ethers, and polyalkylene glycol oils; and petrochemicals, such as basic and performance chemicals, and engineering plastics. It also investigates, explores, develops, and sells oil and gas, coal, uranium, and geothermal resources; and provides agricultural biotechnology products, as well as animal feeds. In addition, the company generates renewable energy from wind, solar, biofuels, and hydrogen; and produces and sells electronic materials consisting of OLED materials. Further, it transports petroleum products; sells service station products; and offers credit card services. Additionally, the company is involved in the research and development, production, and distribution of synthetic plastic processed products. Idemitsu Kosan Co.,Ltd. was founded in 1911 and is headquartered in Tokyo, Japan.

Details
Name: Idemitsu Kosan Co.,Ltd.
I7B
Exchange: DB
Founded: 1911
¥6,190,653,717
299,450,553
Website: http://www.idemitsu.co.jp
Address: Idemitsu Kosan Co.,Ltd.
1-1, Marunouchi 3-chome,
Chiyoda-ku,
Tokyo,
100-8321,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 5019 Common Stock The Tokyo Stock Exchange JP JPY 24. Oct 2006
OTCPK IDKO.F Common Stock Pink Sheets LLC US USD 24. Oct 2006
DB I7B Common Stock Deutsche Boerse AG DE EUR 24. Oct 2006
OTCPK IDKO.Y UNSPON ADR Pink Sheets LLC US USD 04. Apr 2007
Number of employees
Current staff
Staff numbers
13,584
Idemitsu KosanLtd employees.
Industry
Oil and Gas Refining and Marketing
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 21:21
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/16
Last earnings filing: 2020/02/14
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.