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Japan Petroleum Exploration

DB:JP9
Snowflake Description

Undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JP9
DB
¥109B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Japan Petroleum Exploration Co., Ltd. engages in the exploration, development, production, transportation, and sale of oil, natural gas, and other energy resources in Japan and internationally. The last earnings update was 56 days ago. More info.


Add to Portfolio Compare Print
  • Japan Petroleum Exploration has significant price volatility in the past 3 months.
JP9 Share Price and Events
7 Day Returns
8.8%
DB:JP9
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-16%
DB:JP9
34.4%
DE Oil and Gas
-14.2%
DE Market
JP9 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Japan Petroleum Exploration (JP9) 8.8% -4.2% -34.4% -16% -28.2% -52.3%
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • JP9 underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • JP9 underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
JP9
Industry
5yr Volatility vs Market

JP9 Value

 Is Japan Petroleum Exploration 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 Japan Petroleum Exploration 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 Japan Petroleum Exploration.

DB:JP9 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 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:JP9
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 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 30.86%) (110.74%))
1.48
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% + (1.48 * 6.33%)
8.98%

Discounted Cash Flow Calculation for DB:JP9 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Japan Petroleum Exploration 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:JP9 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 8.98%)
2020 29,223.50 Analyst x2 26,815.86
2021 18,083.50 Analyst x4 15,226.55
2022 22,235.75 Analyst x4 17,180.28
2023 33,500.00 Analyst x2 23,751.05
2024 54,700.00 Analyst x1 35,586.47
2025 69,070.05 Est @ 26.27% 41,233.18
2026 81,690.85 Est @ 18.27% 44,749.69
2027 92,044.12 Est @ 12.67% 46,267.09
2028 100,102.22 Est @ 8.75% 46,172.07
2029 106,119.59 Est @ 6.01% 44,914.92
Present value of next 10 years cash flows ¥341,897.00
DB:JP9 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥106,119.59 × (1 + -0.39%) ÷ (8.98% – -0.39%)
¥1,128,320.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥1,128,320.21 ÷ (1 + 8.98%)10
¥477,559.51
DB:JP9 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥341,897.00 + ¥477,559.51
¥819,456.51
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥819,456.51 / 57.15
¥14338.08
DB:JP9 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:JP9 represents 0.00838x of TSE:1662
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00838x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 14,338.08 x 0.00838
€120.11
Value per share (EUR) From above. €120.11
Current discount Discount to share price of €16.00
= -1 x (€16.00 - €120.11) / €120.11
86.7%

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

Current Discount
Amount off the current price Japan Petroleum Exploration is available for.
Intrinsic value
>50%
Share price is €16 vs Future cash flow value of €120.11
Current Discount Checks
For Japan Petroleum Exploration to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Japan Petroleum Exploration's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Japan Petroleum Exploration'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 Japan Petroleum Exploration's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Japan Petroleum Exploration's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:JP9 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥348.61
TSE:1662 Share Price ** TSE (2020-04-08) in JPY ¥1910
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

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

** Primary Listing of Japan Petroleum Exploration.

DB:JP9 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:1662 Share Price ÷ EPS (both in JPY)

= 1910 ÷ 348.61

5.48x

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

  • Japan Petroleum Exploration is good value based on earnings compared to the Europe Oil and Gas industry average.
  • Japan Petroleum Exploration is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Japan Petroleum Exploration's expected growth come at a high price?
Raw Data
DB:JP9 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
-1.4%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:JP9 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.48x ÷ -1.4%

-3.98x

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

  • Japan Petroleum Exploration earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Japan Petroleum Exploration's assets?
Raw Data
DB:JP9 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥7,596.98
TSE:1662 Share Price * TSE (2020-04-08) in JPY ¥1910
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:JP9 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:1662 Share Price ÷ Book Value per Share (both in JPY)

= 1910 ÷ 7,596.98

0.25x

* Primary Listing of Japan Petroleum Exploration.

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

  • Japan Petroleum Exploration is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Japan Petroleum Exploration'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. Japan Petroleum Exploration has a total score of 5/6, 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.

JP9 Future Performance

 How is Japan Petroleum Exploration expected to perform in the next 1 to 3 years based on estimates from 6 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
-1.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Japan Petroleum Exploration expected to grow at an attractive rate?
  • Japan Petroleum Exploration's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Japan Petroleum Exploration's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Japan Petroleum Exploration's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:JP9 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:JP9 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts -1.4%
DB:JP9 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 4.8%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:JP9 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:JP9 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 352,150 66,400 19,400 2
2023-03-31 378,433 66,350 19,400 3
2022-03-31 355,136 55,665 17,193 6
2021-03-31 321,403 54,419 14,210 6
2020-04-08
2020-03-31 313,081 61,437 22,625 5
DB:JP9 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 308,374 19,924
2019-09-30 315,190 55,648 24,406
2019-06-30 303,609 25,982
2019-03-31 267,980 30,970 14,770
2018-12-31 279,780 10,781
2018-09-30 233,383 34,312 -36,281
2018-06-30 228,449 -38,711
2018-03-31 230,629 52,881 -30,958
2017-12-31 220,726 -28,742
2017-09-30 228,018 47,027 12,466
2017-06-30 224,837 7,026
2017-03-31 207,130 43,672 3,443

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Japan Petroleum Exploration's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Japan Petroleum Exploration's revenue is expected to grow by 4.8% 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:JP9 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 6 Analyst Estimates (S&P Global) See Below

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

DB:JP9 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 379.70 379.70 379.70 1.00
2023-03-31 365.65 377.90 353.40 2.00
2022-03-31 294.78 365.70 219.20 6.00
2021-03-31 269.94 365.70 210.00 6.00
2020-04-08
2020-03-31 407.19 412.90 393.66 4.00
DB:JP9 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 348.61
2019-09-30 427.04
2019-06-30 454.61
2019-03-31 258.43
2018-12-31 188.64
2018-09-30 -634.82
2018-06-30 -677.33
2018-03-31 -541.68
2017-12-31 -502.90
2017-09-30 218.12
2017-06-30 122.94
2017-03-31 60.24

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

JP9 Past Performance

  How has Japan Petroleum Exploration 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 Japan Petroleum Exploration'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.
  • Japan Petroleum Exploration's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Japan Petroleum Exploration's 1-year earnings growth exceeds its 5-year average (84.8% vs -19.8%)
  • Japan Petroleum Exploration's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (84.8% vs 1.9%).
Earnings and Revenue History
Japan Petroleum Exploration'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 Japan Petroleum Exploration Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:JP9 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 308,374.00 19,924.00 27,045.00
2019-09-30 315,190.00 24,406.00 27,889.00
2019-06-30 303,609.00 25,982.00 27,934.00
2019-03-31 267,980.00 14,770.00 27,826.00
2018-12-31 279,780.00 10,781.00 28,090.00
2018-09-30 233,383.00 -36,281.00 26,978.00
2018-06-30 228,449.00 -38,711.00 26,437.00
2018-03-31 230,629.00 -30,958.00 26,101.00
2017-12-31 220,726.00 -28,742.00 27,407.00
2017-09-30 228,018.00 12,466.00 26,879.00
2017-06-30 224,837.00 7,026.00 27,294.00
2017-03-31 207,130.00 3,443.00 27,336.00
2016-12-31 197,578.00 -2,430.00 26,349.00
2016-09-30 207,639.00 -7,140.00 28,449.00
2016-06-30 222,363.00 -2,826.00 33,353.00
2016-03-31 240,302.00 2,090.00 34,561.00
2015-12-31 262,882.00 6,593.00 35,937.00
2015-09-30 282,218.00 18,657.00 35,777.00
2015-06-30 282,687.00 26,405.00 31,861.00
2015-03-31 304,911.00 29,567.00 34,180.00
2014-12-31 325,760.00 40,196.00 35,220.00
2014-09-30 303,157.00 32,005.00 36,104.00
2014-06-30 298,740.00 33,135.00 37,901.00
2014-03-31 276,588.00 29,015.00 37,317.00
2013-12-31 246,826.00 35,379.00 39,844.00
2013-09-30 245,409.00 39,451.00 39,449.00
2013-06-30 234,721.00 1,531.00 39,201.00

*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.
  • Japan Petroleum Exploration has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Japan Petroleum Exploration used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Japan Petroleum Exploration has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Japan Petroleum Exploration'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.
Japan Petroleum Exploration 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.

JP9 Health

 How is Japan Petroleum Exploration'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 Japan Petroleum Exploration's finances.

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

DB:JP9 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 467,291.00 120,890.00 138,462.00
2019-09-30 452,550.00 120,714.00 136,097.00
2019-06-30 450,561.00 127,301.00 132,175.00
2019-03-31 450,156.00 127,715.00 119,798.00
2018-12-31 443,391.00 130,369.00 119,474.00
2018-09-30 465,735.00 129,196.00 114,101.00
2018-06-30 436,368.00 126,318.00 105,542.00
2018-03-31 457,206.00 135,959.00 117,513.00
2017-12-31 466,147.00 133,464.00 101,741.00
2017-09-30 522,944.00 134,604.00 121,046.00
2017-06-30 509,109.00 134,919.00 115,151.00
2017-03-31 510,609.00 141,903.00 110,790.00
2016-12-31 493,530.00 124,814.00 124,776.00
2016-09-30 475,144.00 128,109.00 128,257.00
2016-06-30 485,378.00 138,905.00 118,569.00
2016-03-31 495,316.00 130,030.00 127,910.00
2015-12-31 527,859.00 125,944.00 141,835.00
2015-09-30 524,678.00 98,363.00 137,896.00
2015-06-30 543,048.00 89,878.00 141,957.00
2015-03-31 540,646.00 71,535.00 138,561.00
2014-12-31 527,159.00 64,667.00 122,876.00
2014-09-30 526,345.00 57,685.00 117,895.00
2014-06-30 514,126.00 50,837.00 109,532.00
2014-03-31 496,914.00 49,805.00 122,234.00
2013-12-31 462,366.00 77,512.00 117,254.00
2013-09-30 436,174.00 72,817.00 111,245.00
2013-06-30 395,638.00 22,868.00 118,293.00
  • Japan Petroleum Exploration's level of debt (25.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (12.3% vs 25.9% today).
  • Debt is well covered by operating cash flow (46%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 62.5x coverage).
X
Financial health checks
We assess Japan Petroleum Exploration'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. Japan Petroleum Exploration 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.

JP9 Dividends

 What is Japan Petroleum Exploration'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
2.62%
Current annual income from Japan Petroleum Exploration dividends. Estimated to be 2.9% next year.
If you bought €2,000 of Japan Petroleum Exploration shares you are expected to receive €52 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?
  • Japan Petroleum Exploration's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • Japan Petroleum Exploration's dividend is below the markets top 25% of dividend payers in Germany (4.61%).
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:JP9 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 6 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

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

DB:JP9 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 70.00 1.00
2023-03-31 60.00 2.00
2022-03-31 54.00 5.00
2021-03-31 52.00 5.00
2020-04-08
2020-03-31 46.00 5.00
DB:JP9 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-11 50.000 1.987
2019-11-08 50.000 1.685
2019-06-27 40.000 1.545
2019-05-10 40.000 1.693
2019-02-13 20.000 0.851
2019-02-12 20.000 0.937
2018-11-12 20.000 0.932
2018-11-09 20.000 0.829
2018-06-28 20.000 0.791
2018-05-11 20.000 0.702
2017-11-13 20.000 0.743
2017-11-10 20.000 0.784
2017-06-28 20.000 0.877
2017-05-12 20.000 0.879
2017-02-10 10.000 0.388
2017-02-08 10.000 0.393
2016-11-10 10.000 0.392
2016-11-08 10.000 0.469
2016-06-27 50.000 2.268
2016-05-12 50.000 2.177
2016-02-10 50.000 1.957
2016-02-05 50.000 1.786
2015-11-11 50.000 1.582
2015-11-06 50.000 1.425
2015-08-11 50.000 1.423
2015-06-25 50.000 1.315
2015-05-12 50.000 1.242
2015-02-12 50.000 1.214
2015-02-06 50.000 1.307
2014-11-12 50.000 1.368
2014-11-07 50.000 1.323
2014-06-26 50.000 1.278
2014-05-12 50.000 1.187
2014-02-12 50.000 1.383
2014-02-07 50.000 1.349
2013-11-08 50.000 1.281
2013-08-07 50.000 1.189
2013-06-26 40.000 0.931
2013-05-10 50.000 1.199
2013-02-13 40.000 1.078
2013-02-08 40.000 1.174
2012-11-08 40.000 1.328
2012-11-02 40.000 1.387
2012-08-03 40.000 1.266
2012-06-27 40.000 1.347
2012-05-11 40.000 1.331
2012-02-13 40.000 1.066
2012-02-10 40.000 1.152
2011-11-10 40.000 1.265
2011-11-04 40.000 1.270
2011-08-05 40.000 1.309
2011-05-13 40.000 1.050
2011-02-09 40.000 1.026
2010-11-11 40.000 1.265
2010-11-05 40.000 1.373
2010-05-12 40.000 1.145
2010-02-10 40.000 0.873
2010-02-09 40.000 0.946
2009-11-12 40.000 0.957
2009-11-06 40.000 0.878
2009-08-07 40.000 0.848
2009-06-25 40.000 0.834
2009-05-14 40.000 0.827

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Japan Petroleum Exploration's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.3x 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 Japan Petroleum Exploration's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Japan Petroleum Exploration afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Japan Petroleum Exploration has a total score of 3/6, see the detailed checks below.


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

JP9 Management

 What is the CEO of Japan Petroleum Exploration'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
Masahiro Fujita
AGE 65
TENURE AS CEO 1.3 years
CEO Bio

Mr. Masahiro Fujita serves as President, Chief Executive Officer and Representative Director at Japan Petroleum Exploration Company Ltd (Japex) since 2019 and also served as it's Executive Vice President until 2019. Mr. Fujita served as Representative Director, Assistant to President and CEO at Sumitomo Corporation since 2019 until June 22, 2019. Mr. Fujita is a Director of Japan Petroleum Exploration Company Ltd since June 27, 2019. He had been General Manager of Mineral Resources, Energy, Chemical & Electronics Business Unit at Sumitomo Corporation since April 2014 until 2019. Mr. Fujita was Executive Vice President at Sumitomo Corporation since April 1, 2017. Mr. Fujita served as Senior Managing Executive Officer at Sumitomo Corporation since April 1, 2014 until April 1, 2017. Mr. Fujita served as the Managing Executive Officer at Sumitomo Corporation since April 2012 until April 2014. He served as Assistant General Manager of Mineral Resources, Energy, Chemical & Electronics Business Unit at Sumitomo Corporation since November 2012 and served as its Assistant General Manager Corporate Planning & Coordination Group since November 2010 until November 2012. He served as an Executive Officer at Sumitomo Corporation since November 2010 until November 2012. In April 1977, he entered Ministry of International Trade and Industry (now Ministry of Economy, Trade and Industry). He served as Director-General for Energy Conservation and Renewable Energy Department, Agency for Natural Resources and Energy since July 2003. He served as Deputy Director-General for Policy Coordination, Minister's Secretariat since June 2004; Councillor, Cabinet Secretariat since August 2005; and Director-General, Kanto Bureau of Economy, Trade and Industry since July 2007. He served as Director-General, Trade and Economic Cooperation Bureau, METI from July 2008 to July 2009. He served as Advisor of Mitsui Sumitomo Insurance Company, Limited from August 2009 to August 2010. Mr. Fujita Registered as an Attorney at Law on April 1964. Mr. Fujita served as a Representative Director of Sumitomo Corporation since June 2014 until June 2017. He established Fujita Masahiro Horitsu Jimusho in April 1967. Mr. Fujita served as an Auditor of Asti Corporation since June 1994 until July 2015.

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

Average tenure and age of the Japan Petroleum Exploration management team in years:

3.8
Average Tenure
63
Average Age
  • The tenure for the Japan Petroleum Exploration management team is about average.
Management Team

Osamu Watanabe

TITLE
Chairman & Executive Officer
AGE
79
TENURE
3.8 yrs

Masahiro Fujita

TITLE
President
AGE
65
TENURE
1.3 yrs

Yosuke Higai

TITLE
Executive VP
AGE
64

Shoichi Ishii

TITLE
Executive VP

Kazuhiko Ozeki

TITLE
Managing Executive Officer & Director
AGE
62

Takahisa Inoue

TITLE
Senior Managing Executive Officer
AGE
64
TENURE
3.8 yrs

Hajime Ito

TITLE
Managing Executive Officer
AGE
62
TENURE
3.8 yrs

Toshi Hirata

TITLE
Managing Executive Officer & Director
AGE
61

Yasushi Hamada

TITLE
Managing Executive Officer
TENURE
1.3 yrs

Michiro Yamashita

TITLE
Managing Executive Officer & Director
AGE
60
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure and age of the Japan Petroleum Exploration board of directors in years:

3.8
Average Tenure
62
Average Age
  • The tenure for the Japan Petroleum Exploration board of directors is about average.
Board of Directors

Osamu Watanabe

TITLE
Chairman & Executive Officer
AGE
79
TENURE
3.8 yrs

Masahiro Fujita

TITLE
President
AGE
65
TENURE
0.8 yrs

Yosuke Higai

TITLE
Executive VP
AGE
64

Shoichi Ishii

TITLE
Executive VP

Kazuhiko Ozeki

TITLE
Managing Executive Officer & Director
AGE
62

Takahisa Inoue

TITLE
Senior Managing Executive Officer
AGE
64
TENURE
3.8 yrs

Hajime Ito

TITLE
Managing Executive Officer
AGE
62
TENURE
3.8 yrs

Toshi Hirata

TITLE
Managing Executive Officer & Director
AGE
61

Michiro Yamashita

TITLE
Managing Executive Officer & Director
AGE
60

Yoshitaka Ishii

TITLE
Managing Exec. Officer
AGE
62
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 Japan Petroleum Exploration'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. Japan Petroleum Exploration 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.

JP9 News

Simply Wall St News

JP9 Company Info

Description

Japan Petroleum Exploration Co., Ltd. engages in the exploration, development, production, transportation, and sale of oil, natural gas, and other energy resources in Japan and internationally. The company operates 10 domestic oil and gas fields in onshore and offshore of Hokkaido, Akita, Yamagata, and Niigata prefectures. It also owns and manages a natural gas pipeline network with a total length of approximately 800 kilometers. In addition, the company is involved in contract engineering and well drilling business; manufacturing and selling petroleum products; real estate management and insurance agency activities; refining, processing, and selling crude oil; recycling of waste oil; contract handling and transportation of liquefied natural gas (LNG) and crude oil; and pipeline management and maintenance operations. Further, it engages in the contract geophysical surveys and contract mud logging operations; development of geophysical exploration technologies; exploration, development, and production of oil sands; purchase and sale of LNG and petroleum products; and provision of disaster protection for industrial facilities and security services. The company was founded in 1955 and is headquartered in Tokyo, Japan.

Details
Name: Japan Petroleum Exploration Co., Ltd.
JP9
Exchange: DB
Founded: 1955
¥920,056,135
57,152,473
Website: http://www.japex.co.jp
Address: Japan Petroleum Exploration Co., Ltd.
SAPIA Tower,
1-7-12 Marunouchi,
Tokyo,
100-0005,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 1662 Common Stock The Tokyo Stock Exchange JP JPY 10. Dec 2003
OTCPK JPTX.F Common Stock Pink Sheets LLC US USD 10. Dec 2003
DB JP9 Common Stock Deutsche Boerse AG DE EUR 10. Dec 2003
Number of employees
Current staff
Staff numbers
1,741
Japan Petroleum Exploration employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 21:17
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/07
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.