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Iwatani

DB:IWA
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IWA
DB
¥178B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Iwatani Corporation supplies gases and energy in Japan, China, Taiwan, South Korea, Singapore, Thailand, Malaysia, Indonesia, Vietnam, the United States, and Australia. The last earnings update was 47 days ago. More info.


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IWA Share Price and Events
7 Day Returns
0%
DB:IWA
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-
DB:IWA
21.9%
DE Oil and Gas
-17.7%
DE Market
IWA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Iwatani (IWA) 0% -1.3% -4.5% - - -
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
  • No trading data on IWA.
  • No trading data on IWA.
Price Volatility
IWA
Industry
5yr Volatility vs Market

IWA Value

 Is Iwatani 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 Iwatani 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 Iwatani.

DB:IWA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
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:IWA
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%) (72.97%))
1.145
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.145 * 6.33%)
6.85%

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

The calculations below outline how an intrinsic value for Iwatani 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:IWA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.85%)
2020 2,500.00 Analyst x1 2,339.62
2021 15,390.50 Analyst x2 13,479.23
2022 17,690.50 Analyst x2 14,499.68
2023 20,843.50 Analyst x2 15,988.04
2024 25,487.00 Analyst x1 18,295.71
2025 26,887.00 Analyst x1 18,062.55
2026 27,781.79 Est @ 3.33% 17,466.39
2027 28,396.49 Est @ 2.21% 16,707.58
2028 28,803.07 Est @ 1.43% 15,859.66
2029 29,058.06 Est @ 0.89% 14,973.65
Present value of next 10 years cash flows ¥147,672.00
DB:IWA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥29,058.06 × (1 + -0.39%) ÷ (6.85% – -0.39%)
¥399,526.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥399,526.37 ÷ (1 + 6.85%)10
¥205,876.44
DB:IWA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥147,672.00 + ¥205,876.44
¥353,548.44
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥353,548.44 / 49.21
¥7183.8
DB:IWA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:IWA represents 0.00817x of TSE:8088
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00817x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 7,183.80 x 0.00817
€58.66
Value per share (EUR) From above. €58.66
Current discount Discount to share price of €29.60
= -1 x (€29.60 - €58.66) / €58.66
49.5%

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

Current Discount
Amount off the current price Iwatani is available for.
Intrinsic value
50%
Share price is €29.6 vs Future cash flow value of €58.66
Current Discount Checks
For Iwatani to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Iwatani's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Iwatani's share price is below the future cash flow value, and 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 Iwatani's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Iwatani's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:IWA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥384.96
TSE:8088 Share Price ** TSE (2020-03-30) in JPY ¥3625
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 Iwatani.

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

= TSE:8088 Share Price ÷ EPS (both in JPY)

= 3625 ÷ 384.96

9.42x

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

  • Iwatani is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Iwatani is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Iwatani's expected growth come at a high price?
Raw Data
DB:IWA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
5.1%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:IWA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.42x ÷ 5.1%

1.84x

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

  • Iwatani is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Iwatani's assets?
Raw Data
DB:IWA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥3,580.88
TSE:8088 Share Price * TSE (2020-03-30) in JPY ¥3625
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:IWA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8088 Share Price ÷ Book Value per Share (both in JPY)

= 3625 ÷ 3,580.88

1.01x

* Primary Listing of Iwatani.

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

  • Iwatani is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Iwatani'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. Iwatani has a total score of 3/6, 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.

IWA Future Performance

 How is Iwatani expected to perform in the next 1 to 3 years based on estimates from 2 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
5.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Iwatani expected to grow at an attractive rate?
  • Iwatani's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Iwatani's earnings growth is positive but not above the Germany market average.
  • Iwatani's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:IWA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:IWA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 5.1%
DB:IWA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 1%
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:IWA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:IWA Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2025-03-31
2024-03-31
2023-03-31 719,600 47,600 22,700 1
2022-03-31 728,150 44,550 22,450 2
2021-03-31 706,650 42,350 21,400 2
2020-03-31
2020-03-31 710,400 39,750 20,167 3
DB:IWA Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 693,009 18,943
2019-09-30 704,161 35,580 18,015
2019-06-30 716,948 19,713
2019-03-31 715,085 39,117 19,221
2018-12-31 712,196 18,491
2018-09-30 706,662 30,608 20,427
2018-06-30 689,309 18,573
2018-03-31 670,792 28,510 17,577
2017-12-31 656,331 19,390
2017-09-30 622,342 34,996 17,305
2017-06-30 600,861 17,129
2017-03-31 588,045 37,240 16,546

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Iwatani's earnings are expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).
  • Iwatani's revenue is expected to grow by 1% 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:IWA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Iwatani Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IWA Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2025-03-31
2024-03-31
2023-03-31 461.60 461.60 461.60 1.00
2022-03-31 456.10 471.40 440.80 2.00
2021-03-31 434.85 447.00 422.70 2.00
2020-03-31
2020-03-31 410.07 417.30 396.20 3.00
DB:IWA Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 384.96
2019-09-30 366.10
2019-06-30 400.62
2019-03-31 390.61
2018-12-31 375.76
2018-09-30 415.12
2018-06-30 377.44
2018-03-31 357.19
2017-12-31 394.02
2017-09-30 351.64
2017-06-30 348.06
2017-03-31 336.21

*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.
  • Iwatani is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Iwatani'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.
Iwatani 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.

IWA Past Performance

  How has Iwatani 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 Iwatani'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.
  • Iwatani's year on year earnings growth rate has been positive over the past 5 years.
  • Iwatani's 1-year earnings growth is less than its 5-year average (2.4% vs 18.2%)
  • Iwatani's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (2.4% vs -4.1%).
Earnings and Revenue History
Iwatani'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 Iwatani Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IWA Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 693,009.00 18,943.00 132,486.00
2019-09-30 704,161.00 18,015.00 131,319.00
2019-06-30 716,948.00 19,713.00 130,535.00
2019-03-31 715,085.00 19,221.00 129,754.00
2018-12-31 712,196.00 18,491.00 128,679.00
2018-09-30 706,662.00 20,427.00 128,192.00
2018-06-30 689,309.00 18,573.00 127,681.00
2018-03-31 670,792.00 17,577.00 126,583.00
2017-12-31 656,331.00 19,390.00 125,192.00
2017-09-30 622,342.00 17,305.00 124,042.00
2017-06-30 600,861.00 17,129.00 122,514.00
2017-03-31 588,045.00 16,546.00 122,045.00
2016-12-31 572,193.00 13,793.00 122,124.00
2016-09-30 578,354.00 12,614.00 121,356.00
2016-06-30 597,041.00 11,528.00 121,127.00
2016-03-31 616,201.00 12,365.00 119,965.00
2015-12-31 639,605.00 9,162.00 119,961.00
2015-09-30 661,791.00 7,817.00 118,801.00
2015-06-30 682,816.00 8,814.00 117,605.00
2015-03-31 691,902.00 6,199.00 116,654.00
2014-12-31 723,092.00 9,344.00 117,465.00
2014-09-30 727,242.00 10,654.00 116,835.00
2014-06-30 712,734.00 10,472.00 115,795.00
2014-03-31 703,923.00 10,466.00 115,432.00
2013-12-31 677,443.00 9,371.00 111,720.00
2013-09-30 661,466.00 9,495.00 110,568.00
2013-06-30 652,004.00 7,677.00 110,528.00

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

IWA Health

 How is Iwatani'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 Iwatani's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Iwatani is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Iwatani's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Iwatani'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 1.6x 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 Iwatani Company Filings, last reported 3 months ago.

DB:IWA Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 184,890.00 130,177.00 21,782.00
2019-09-30 176,690.00 134,139.00 24,926.00
2019-06-30 175,015.00 123,027.00 22,091.00
2019-03-31 173,986.00 122,403.00 19,947.00
2018-12-31 165,403.00 130,340.00 19,903.00
2018-09-30 172,147.00 119,681.00 18,098.00
2018-06-30 166,505.00 110,896.00 18,035.00
2018-03-31 165,899.00 127,223.00 18,233.00
2017-12-31 161,245.00 117,640.00 18,843.00
2017-09-30 151,315.00 114,821.00 17,105.00
2017-06-30 146,921.00 112,710.00 20,205.00
2017-03-31 144,879.00 129,556.00 21,677.00
2016-12-31 132,881.00 121,010.00 17,974.00
2016-09-30 123,783.00 129,597.00 19,556.00
2016-06-30 121,963.00 115,898.00 21,781.00
2016-03-31 124,583.00 131,631.00 23,309.00
2015-12-31 123,130.00 121,546.00 21,199.00
2015-09-30 119,020.00 117,205.00 22,559.00
2015-06-30 122,054.00 119,458.00 23,559.00
2015-03-31 117,941.00 138,257.00 22,237.00
2014-12-31 110,609.00 131,219.00 20,233.00
2014-09-30 105,769.00 134,188.00 20,307.00
2014-06-30 102,745.00 132,925.00 21,514.00
2014-03-31 105,057.00 157,331.00 20,995.00
2013-12-31 99,468.00 136,164.00 19,679.00
2013-09-30 95,319.00 128,469.00 20,171.00
2013-06-30 92,652.00 128,271.00 19,345.00
  • Iwatani's level of debt (68.3%) 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 (115.2% vs 68.3% today).
  • Debt is well covered by operating cash flow (28.2%, greater than 20% of total debt).
  • Iwatani earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Iwatani'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. Iwatani has a total score of 5/6, 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.

IWA Dividends

 What is Iwatani'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
1.79%
Current annual income from Iwatani dividends. Estimated to be 1.96% next year.
If you bought €2,000 of Iwatani shares you are expected to receive €36 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?
  • Iwatani's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Iwatani's dividend is below 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:IWA 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 2 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:IWA Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2025-03-31
2024-03-31
2023-03-31 80.00 1.00
2022-03-31 70.00 2.00
2021-03-31 67.50 2.00
2020-03-31
2020-03-31 65.00 3.00
DB:IWA Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-20 65.000 1.784
2019-05-14 65.000 1.788
2018-06-28 55.000 1.468
2018-05-11 55.000 1.400
2018-02-07 55.000 1.376
2017-06-29 40.000 1.143
2017-05-12 40.000 1.133
2016-06-29 40.000 1.297
2016-05-13 40.000 1.315
2015-06-29 35.000 1.056
2015-05-08 35.000 0.864
2014-06-30 35.000 0.894
2014-05-09 35.000 1.165
2013-06-28 35.000 1.471
2013-05-13 35.000 1.896
2012-08-07 35.000 2.128
2012-06-27 35.000 2.301
2012-05-14 35.000 2.364
2012-02-07 30.000 2.166
2011-11-08 30.000 2.301
2011-08-04 30.000 2.269
2011-06-27 30.000 2.112
2011-05-12 30.000 2.209
2011-02-04 25.000 1.877
2010-11-05 25.000 2.007
2010-06-28 25.000 2.053
2010-05-12 25.000 1.945
2009-11-06 25.000 1.899
2009-06-29 25.000 1.826
2009-05-13 25.000 1.895

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 Iwatani's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.9x 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 Iwatani'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 Iwatani afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Iwatani has a total score of 4/6, see the detailed checks below.


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

IWA Management

 What is the CEO of Iwatani'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
Akiji Makino
COMPENSATION ¥181,000,000
AGE 78
TENURE AS CEO 7.7 years
CEO Bio

Mr. Akiji Makino has been the Chairman and Chief Executive Officer at Iwatani Corporation since June 2012. Mr. Makino served as the President of Iwatani Corporation. Mr. Makino previously served as the Chief Executive Officer of Iwatani Corporation (alternate name Iwatani International Corporation). He joined Iwatani International Corporation in March 1965. He has been the Chairman and Representative Director at Central Sekiyu Gas Corporation since June 2004. He has been an External Director of Daikin Industries Ltd. since July 01, 2016. He served as a Director of Nippon Gas Co. Ltd. since June 2001.

CEO Compensation
  • Akiji's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Akiji's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Iwatani management team in years:

1.2
Average Tenure
64
Average Age
  • The average tenure for the Iwatani management team is less than 2 years, this suggests a new team.
Management Team

Akiji Makino

TITLE
Chairman & CEO
COMPENSATION
¥181M
AGE
78
TENURE
7.7 yrs

Mitsuhiro Tanimoto

TITLE
President & Director
AGE
68
TENURE
2.8 yrs

Tetsuo Matsuo

TITLE
Senior Executive Officer & Accounting Manager

Hisato Ueha

TITLE
VP, Executive Officer & Director
AGE
67
TENURE
6.8 yrs

Naoki Iwatani

TITLE
Assistant GM of Integrated Energy Division
AGE
53
TENURE
1.2 yrs

Hiroshi Majima

TITLE
VP, Manager-Mgmt. Planning Dept
AGE
61
TENURE
1.2 yrs

Akira Ohta

TITLE
Senior Managing Officer & Director
AGE
61
TENURE
1.2 yrs

Satoshi Watanabe

TITLE
Senior Managing Officer & Director
TENURE
1.2 yrs

Yasushi Sakai

TITLE
Managing Officer
TENURE
3.8 yrs

Makoto Horiguchi

TITLE
Senior Managing Officer & Director
AGE
64
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the Iwatani board of directors in years:

7.7
Average Tenure
65.5
Average Age
  • The tenure for the Iwatani board of directors is about average.
Board of Directors

Akiji Makino

TITLE
Chairman & CEO
COMPENSATION
¥181M
AGE
78
TENURE
7.7 yrs

Toshio Watanabe

TITLE
Vice Chairman
COMPENSATION
¥113M
AGE
74
TENURE
7.7 yrs

Mitsuhiro Tanimoto

TITLE
President & Director
AGE
68
TENURE
7.8 yrs

Hisato Ueha

TITLE
VP, Executive Officer & Director
AGE
67
TENURE
6.8 yrs

Naoki Iwatani

TITLE
Assistant GM of Integrated Energy Division
AGE
53
TENURE
8.7 yrs

Hiroshi Majima

TITLE
VP, Manager-Mgmt. Planning Dept
AGE
61
TENURE
5.8 yrs

Akira Ohta

TITLE
Senior Managing Officer & Director
AGE
61
TENURE
8.7 yrs

Satoshi Watanabe

TITLE
Senior Managing Officer & Director

Makoto Horiguchi

TITLE
Senior Managing Officer & Director
AGE
64
TENURE
3.7 yrs

Itaru Ookawa

TITLE
Managing Officer & Director
TENURE
2.7 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 Iwatani'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. Iwatani 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.

IWA News

Simply Wall St News

IWA Company Info

Description

Iwatani Corporation supplies gases and energy in Japan, China, Taiwan, South Korea, Singapore, Thailand, Malaysia, Indonesia, Vietnam, the United States, and Australia. The company operates through four segments: Energy, Industrial Gases & Machinery, Materials, and Agri-Bio & Foods. The Energy segment offers LPG for household, commercial, and industrial use; LPG-supply equipment and facilities; LNG; petroleum products; household kitchen appliances; and home energy components, ENE FARM, GHP, daily necessities, portable cooking stoves, gas canisters, mineral water, electricity, etc. The Industrial Gases & Machinery segment provides air separation gases, hydrogen, helium, other specialty gases, gas supply facilities, welding materials, welding and cutting equipment, industrial machinery and facilities, industrial robots, pumps and compressors, disaster prevention equipment, and high pressure gas containers. This segment also offers semiconductor manufacturing equipment, electronic component manufacturing equipment, factory automation systems, medicine and food packing machinery, environmental equipment, etc. In addition, it operates facilities for hydrogen stations. The Materials segment provides stainless steel and aluminum products, non-ferrous metals, plastic resins, plastic molding, functional films, electronic display materials, mineral sand, ceramic materials, biomass fuels, etc. The Agri-bio & Foods segment offers frozen vegetables and fruits, health foods, livestock-related products, and agri-bio related goods. Further, it provides mechanical solvent, water supply materials, and building and civil engineering materials. Iwatani Corporation was founded in 1930 and is headquartered in Osaka, Japan.

Details
Name: Iwatani Corporation
IWA
Exchange: DB
Founded: 1930
¥1,496,350,547
49,214,663
Website: http://www.iwatani.co.jp
Address: Iwatani Corporation
6-4, Hommachi 3-chome,
Chuo-ku,
Osaka,
541-0053,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8088 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB IWA Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
MUN IWA Common Stock Boerse Muenchen DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
9,749
Iwatani employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 00:47
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/03
Last earnings filing: 2020/02/13
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.