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Inpex

DB:I8U
Snowflake Description

Established dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
I8U
DB
¥875B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Inpex Corporation engages in the research, exploration, development, production, and sale of crude oil, natural gas, and other mineral resources in Japan, Asia, Oceania, Europe, NIS countries, the Middle East, Africa, and the Americas. The last earnings update was 47 days ago. More info.


Add to Portfolio Compare Print
  • Inpex has significant price volatility in the past 3 months.
I8U Share Price and Events
7 Day Returns
14.5%
DB:I8U
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-41.2%
DB:I8U
21.9%
DE Oil and Gas
-17.7%
DE Market
I8U Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Inpex (I8U) 14.5% -35.5% -46.2% -41.2% -45.6% -51.1%
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
  • I8U underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • I8U underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
I8U
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Inpex 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 Inpex 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 Inpex.

DB:I8U Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
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:I8U
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%) (127.75%))
1.35
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.35
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.35 * 6.33%)
8.15%

Discounted Cash Flow Calculation for DB:I8U using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Inpex 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:I8U DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 8.15%)
2020 122,545.40 Analyst x5 113,307.58
2021 129,564.00 Analyst x4 110,766.46
2022 126,865.20 Analyst x5 100,283.25
2023 139,566.67 Analyst x3 102,006.90
2024 79,356.00 Analyst x3 53,627.75
2025 72,812.37 Est @ -8.25% 45,496.39
2026 68,524.34 Est @ -5.89% 39,589.37
2027 65,619.32 Est @ -4.24% 35,053.18
2028 63,595.23 Est @ -3.08% 31,411.04
2029 62,147.68 Est @ -2.28% 28,382.10
Present value of next 10 years cash flows ¥659,924.00
DB:I8U DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥62,147.68 × (1 + -0.39%) ÷ (8.15% – -0.39%)
¥724,643.18
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥724,643.18 ÷ (1 + 8.15%)10
¥330,935.89
DB:I8U Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥659,924.00 + ¥330,935.89
¥990,859.89
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥990,859.89 / 1,460.20
¥678.58
DB:I8U Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:I8U represents 0.00818x of TSE:1605
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00818x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 678.58 x 0.00818
€5.55
Value per share (EUR) From above. €5.55
Current discount Discount to share price of €4.90
= -1 x (€4.90 - €5.55) / €5.55
11.7%

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

Current Discount
Amount off the current price Inpex is available for.
Intrinsic value
12%
Share price is €4.9 vs Future cash flow value of €5.55
Current Discount Checks
For Inpex to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Inpex's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Inpex'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 Inpex's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Inpex's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:I8U PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥107.56
TSE:1605 Share Price ** TSE (2020-03-30) in JPY ¥599.2
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 Inpex.

DB:I8U PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:1605 Share Price ÷ EPS (both in JPY)

= 599.2 ÷ 107.56

5.57x

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

  • Inpex is good value based on earnings compared to the Europe Oil and Gas industry average.
  • Inpex is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Inpex's expected growth come at a high price?
Raw Data
DB:I8U PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
6.9%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:I8U PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.57x ÷ 6.9%

0.81x

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

  • Inpex is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Inpex's assets?
Raw Data
DB:I8U PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥2,082.43
TSE:1605 Share Price * TSE (2020-03-30) in JPY ¥599.2
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:I8U PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:1605 Share Price ÷ Book Value per Share (both in JPY)

= 599.2 ÷ 2,082.43

0.29x

* Primary Listing of Inpex.

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

  • Inpex is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Inpex'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. Inpex 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.

Future Performance

 How is Inpex expected to perform in the next 1 to 3 years based on estimates from 10 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
6.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Inpex expected to grow at an attractive rate?
  • Inpex's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Inpex's earnings growth is positive but not above the Germany market average.
  • Inpex's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:I8U Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:I8U Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 6.9%
DB:I8U Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 1.7%
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:I8U Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:I8U Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 1,293,142 439,310 191,010 4
2023-12-31 1,280,609 407,407 183,471 5
2022-12-31 1,213,221 387,228 130,832 7
2021-12-31 1,154,579 366,926 132,420 10
2020-12-31 1,046,420 361,755 96,043 10
2020-03-30
DB:I8U Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 1,270,849 378,098 157,056
2019-09-30 1,108,452 282,309 131,559
2019-06-30 1,056,438 257,939 108,990
2019-03-31 971,388 238,566 96,106
2018-12-31 930,578 201,808 49,553
2018-09-30 923,984 248,225 44,244
2018-06-30 918,178 256,934 37,149
2018-03-31 933,701 278,539 40,362
2017-12-31 954,601 301,912 51,648
2017-09-30 932,688 300,327 60,593
2017-06-30 894,161 294,077 58,329
2017-03-31 874,423 275,810 46,168

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Inpex's earnings are expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).
  • Inpex's revenue is expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).
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:I8U 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 10 Analyst Estimates (S&P Global) See Below

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

DB:I8U Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 150.33 171.70 134.80 3.00
2023-12-31 139.18 171.90 116.42 4.00
2022-12-31 102.01 142.40 52.90 10.00
2021-12-31 90.68 134.90 50.60 10.00
2020-12-31 65.76 112.30 -31.90 10.00
2020-03-30
DB:I8U Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 107.56
2019-09-30 90.10
2019-06-30 74.64
2019-03-31 65.81
2018-12-31 33.93
2018-09-30 30.30
2018-06-30 25.44
2018-03-31 27.64
2017-12-31 35.37
2017-09-30 41.49
2017-06-30 39.94
2017-03-31 31.61

*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.
  • Inpex is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Inpex'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.
Inpex has a total score of 1/6, 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.

Past Performance

  How has Inpex 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 Inpex'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.
  • Inpex's year on year earnings growth rate has been positive over the past 5 years.
  • Inpex's 1-year earnings growth exceeds its 5-year average (216.9% vs 15%)
  • Inpex's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (216.9% vs -4.1%).
Earnings and Revenue History
Inpex'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 Inpex Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:I8U 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 1,270,849.00 157,056.00 90,836.00
2019-09-30 1,108,452.00 131,559.00 62,901.00
2019-06-30 1,056,438.00 108,990.00 48,630.00
2019-03-31 971,388.00 96,106.00 49,792.00
2018-12-31 930,578.00 49,553.00 44,158.00
2018-09-30 923,984.00 44,244.00 44,242.00
2018-06-30 918,178.00 37,149.00 49,685.00
2018-03-31 933,701.00 40,362.00 48,426.00
2017-12-31 954,601.00 51,648.00 60,894.00
2017-09-30 932,688.00 60,593.00 60,930.00
2017-06-30 894,161.00 58,329.00 61,287.00
2017-03-31 874,423.00 46,168.00 62,469.00
2016-12-31 823,962.00 -2,747.00 50,898.00
2016-09-30 832,208.00 -12,981.00 51,465.00
2016-06-30 963,408.00 675.00 55,004.00
2016-03-31 1,009,564.00 16,777.00 56,684.00
2015-12-31 1,053,721.00 43,490.00 70,575.00
2015-09-30 1,075,100.00 34,558.00 75,306.00
2015-06-30 1,074,348.00 49,339.00 103,073.00
2015-03-31 1,171,227.00 77,820.00 87,213.00
2014-12-31 1,264,322.00 178,406.00 88,464.00
2014-09-30 1,347,288.00 192,358.00 88,301.00
2014-06-30 1,373,291.00 206,150.00 89,989.00
2014-03-31 1,334,626.00 183,691.00 86,716.00
2013-12-31 1,325,116.00 152,733.00 106,180.00
2013-09-30 1,288,506.00 151,660.00 104,785.00
2013-06-30 1,208,232.00 142,995.00 104,529.00
2013-03-31 1,216,533.00 182,962.00 86,311.00

*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.
  • Inpex has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Inpex used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Inpex has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Inpex'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.
Inpex has a total score of 4/6, 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.

Health

 How is Inpex'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 Inpex's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Inpex is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Inpex's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Inpex'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 not covered by short term assets, assets are 0.4x 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 Inpex Company Filings, last reported 2 months ago.

DB:I8U Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,297,173.00 1,117,779.00 173,798.00
2019-09-30 3,212,931.00 1,164,373.00 219,147.00
2019-06-30 3,205,892.00 1,157,036.00 170,413.00
2019-03-31 3,257,582.00 1,141,197.00 239,675.00
2018-12-31 3,249,915.00 1,193,489.00 234,811.00
2018-09-30 3,272,841.00 1,082,242.00 425,742.00
2018-06-30 3,188,098.00 995,759.00 366,642.00
2018-03-31 3,158,867.00 698,576.00 276,102.00
2017-12-31 3,248,175.00 735,972.00 424,896.00
2017-09-30 3,212,697.00 748,853.00 540,705.00
2017-06-30 3,190,930.00 735,712.00 581,597.00
2017-03-31 3,207,540.00 687,684.00 658,117.00
2016-12-31 3,158,848.00 807,477.00 803,248.00
2016-09-30 3,000,953.00 670,461.00 749,672.00
2016-06-30 3,061,410.00 683,696.00 747,974.00
2016-03-31 3,178,802.00 741,566.00 772,528.00
2015-12-31 3,334,053.00 770,885.00 784,467.00
2015-09-30 3,330,016.00 662,083.00 714,800.00
2015-06-30 3,309,510.00 676,827.00 800,261.00
2015-03-31 3,288,704.00 677,157.00 1,084,973.00
2014-12-31 3,269,795.00 677,581.00 1,088,928.00
2014-09-30 3,121,654.00 619,808.00 966,822.00
2014-06-30 3,023,738.00 576,843.00 819,963.00
2014-03-31 2,996,037.00 583,628.00 851,188.00
2013-12-31 2,913,447.00 587,762.00 844,544.00
2013-09-30 2,824,990.00 525,734.00 774,959.00
2013-06-30 2,751,060.00 515,162.00 838,085.00
2013-03-31 2,670,984.00 475,470.00 765,457.00
  • Inpex's level of debt (33.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (20.7% vs 33.9% today).
  • Debt is well covered by operating cash flow (33.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 35.5x coverage).
X
Financial health checks
We assess Inpex'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. Inpex has a total score of 4/6, 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.

Dividends

 What is Inpex'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
5.01%
Current annual income from Inpex dividends. Estimated to be 6.11% next year.
If you bought €2,000 of Inpex shares you are expected to receive €100 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?
  • Inpex's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Inpex'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:I8U 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 10 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:I8U Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 49.67 3.00
2023-12-31 47.50 4.00
2022-12-31 37.16 10.00
2021-12-31 33.62 10.00
2020-12-31 30.88 10.00
2020-03-30
DB:I8U Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2020-02-12 30.000 3.934
2019-11-08 30.000 2.764
2019-11-06 30.000 2.812
2019-08-08 24.000 2.510
2019-06-26 18.000 1.879
2019-05-13 24.000 2.560
2019-02-14 18.000 1.686
2019-02-12 18.000 1.677
2018-11-12 18.000 1.661
2018-11-07 18.000 1.389
2018-06-27 18.000 1.434
2018-05-10 18.000 1.463
2018-02-13 18.000 1.351
2018-02-08 18.000 1.366
2017-11-13 18.000 1.312
2017-11-08 18.000 1.346
2017-06-28 18.000 1.619
2017-05-12 18.000 1.728
2017-02-14 18.000 1.640
2017-02-10 18.000 1.589
2016-11-14 18.000 1.581
2016-11-11 18.000 1.823
2016-06-29 18.000 2.066
2016-05-12 18.000 2.130
2016-02-10 18.000 2.063
2016-02-04 18.000 1.812
2015-11-12 18.000 1.606
2015-11-10 18.000 1.507
2015-08-24 18.000 1.562
2015-06-25 18.000 1.357
2015-05-14 18.000 1.214
2015-02-10 18.000 1.281
2015-02-06 18.000 1.311
2014-11-12 18.000 1.382
2014-11-07 18.000 1.309
2014-06-25 18.000 1.220
2014-05-09 18.000 1.194
2014-02-07 18.000 1.343
2013-11-07 18.000 1.463
2013-08-02 18.000 1.605
2013-06-26 17.500 1.583
2013-05-10 18.000 1.641
2012-08-03 17.500 1.478
2012-06-27 17.500 1.594
2012-05-10 17.500 1.550
2012-02-09 15.000 1.103
2012-02-03 15.000 1.172
2011-11-09 15.000 1.194
2011-11-04 15.000 1.120
2011-08-03 15.000 1.201
2011-06-29 15.000 1.005
2011-05-11 15.000 1.062
2011-02-09 15.000 1.016
2011-02-04 15.000 1.114
2010-06-23 15.000 1.360
2010-05-12 15.000 1.054
2010-02-10 12.500 0.741
2010-02-05 12.500 0.757
2009-11-04 12.500 0.714
2009-08-05 12.500 0.659
2009-05-13 12.500 0.679

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 Inpex's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.1x 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 Inpex'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 Inpex afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Inpex 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.

Management

 What is the CEO of Inpex'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
Takayuki Ueda
TENURE AS CEO 1.8 years
CEO Bio

Mr. Takayuki Ueda has been Chief Executive Officer, President and Representative Director of Inpex Corporation since June 26, 2018 and Joined INPEX CORPORATION as Counselor in April 2017 served as its Senior Executive Vice President since August 1, 2017 June 26, 2018 and also served as its Executive Officer. Mr. Ueda Joined Ministry of International Trade and Industry (MITI) in April 1980 & currently as Ministry of Economy of Trade and Industry/METI. Mr. Ueda served as Deputy Vice-Minister of Economy of Trade and Industry in July 2010 & in August 2011 served as Director-General for Manufacturing Industries Bureau. In September 2012 Mr. Ueda served as Director-General for Trade Policy Bureau and as Commissioner of Agency for Natural Resources and Energy. In July 2015 Mr. Ueda Vice-Minister for International Affairs.

CEO Compensation
  • Insufficient data for Takayuki to compare compensation growth.
  • Insufficient data for Takayuki to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the Inpex management team in years:

7.3
Average Tenure
  • The average tenure for the Inpex management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Takayuki Ueda

TITLE
CEO, President & Representative Director
TENURE
1.8 yrs

Masahiro Murayama

TITLE
Senior EVP
TENURE
10.8 yrs

Nobuharu Sase

TITLE
Managing Executive Officer
TENURE
3.8 yrs

Kimihisa Kittaka

TITLE
Managing Executive Officer
TENURE
0.8 yrs

Yoshinori Yamamoto

TITLE
Managing Executive Officer and Senior VP of Domestic Energy Supply & Marketing

Hiroshi Nakamura

TITLE
Executive Officer

Seiya Ito

TITLE
Senior EVP
TENURE
11.4 yrs

Atsushi Sakamoto

TITLE
Managing Executive Officer & Strategic Projects Office

Kimiya Hirayama

TITLE
Managing Executive Officer and Senior VP of Domestic Exploration & Production

Takahiko Ikeda

TITLE
Senior Managing Executive Officer
TENURE
11.4 yrs
Board of Directors Tenure

Average tenure of the Inpex board of directors in years:

3.8
Average Tenure
  • The tenure for the Inpex board of directors is about average.
Board of Directors

Toshiaki Kitamura

TITLE
Chairman
TENURE
1.8 yrs

Takayuki Ueda

TITLE
CEO, President & Representative Director
TENURE
1.8 yrs

Masahiro Murayama

TITLE
Senior EVP
TENURE
10.8 yrs

Nobuharu Sase

TITLE
Managing Executive Officer
TENURE
3.8 yrs

Kimihisa Kittaka

TITLE
Managing Executive Officer
TENURE
3.8 yrs

Seiya Ito

TITLE
Senior EVP
TENURE
16.8 yrs

Takahiko Ikeda

TITLE
Senior Managing Executive Officer
TENURE
11.4 yrs

Shigeharu Yajima

TITLE
Senior Managing Executive Officer
TENURE
0.8 yrs

Jun Yanai

TITLE
Outside Director
TENURE
3.8 yrs

Norinao Iio

TITLE
Outside Director
AGE
68
TENURE
2.8 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 Inpex'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. Inpex 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.

News

Simply Wall St News

Company Info

Description

Inpex Corporation engages in the research, exploration, development, production, and sale of crude oil, natural gas, and other mineral resources in Japan, Asia, Oceania, Europe, NIS countries, the Middle East, Africa, and the Americas. It is also involved in the investment and lending to the companies engaged in mineral resources business, etc. The company develops approximately 70 oil and natural gas projects in approximately 20 countries; and operates a natural gas pipeline network of 1,500 kilometres. As of March 31, 2019, its proved reserves were 2,864 million barrels for crude oil, condensate, and LPG; and 6,179 billion cubic feet for natural gas. The company was founded in 1966 and is headquartered in Tokyo, Japan.

Details
Name: Inpex Corporation
I8U
Exchange: DB
Founded: 1966
¥7,338,638,082
1,460,201,685
Website: http://www.inpex.co.jp
Address: Inpex Corporation
Akasaka Biz Tower,
5-3-1 Akasaka,
Tokyo,
107-6332,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 1605 Common Stock The Tokyo Stock Exchange JP JPY 03. Apr 2006
OTCPK IPXH.F Common Stock Pink Sheets LLC US USD 03. Apr 2006
DB I8U Common Stock Deutsche Boerse AG DE EUR 03. Apr 2006
OTCPK IPXH.Y ADR Pink Sheets LLC US USD 13. Oct 2008
Number of employees
Current staff
Staff numbers
3,118
Inpex employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 21:11
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/02/12
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.