Inpex（I8U）株式概要インペックス株式会社は、石油、天然ガス、その他の鉱物資源の研究、探鉱、開発、生産、販売を日本および海外で行っている。 詳細I8U ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長0/6過去の実績2/6財務の健全性5/6配当金5/6報酬当社が推定した公正価値より9.3%で取引されている 2.81%の安定した配当金を支払う 同業他社や業界と比較して、良好な取引価格 リスク分析今後3年間の収益は年平均0.7%減少すると予測されている。 すべてのリスクチェックを見るI8U Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€20.5613.8% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-107b2t2016201920222025202620282031Revenue JP¥2.0tEarnings JP¥377.5bAdvancedSet Fair ValueView all narrativesInpex Corporation 競合他社Deutsche RohstoffSymbol: XTRA:DR0Market cap: €468.5mAker BPSymbol: OB:AKRBPMarket cap: NOK 222.1bVenture GlobalSymbol: NYSE:VGMarket cap: US$33.7bEQTSymbol: NYSE:EQTMarket cap: US$36.1b価格と性能株価の高値、安値、推移の概要Inpex過去の株価現在の株価JP¥20.5652週高値JP¥27.5352週安値JP¥11.41ベータ-0.151ヶ月の変化1.63%3ヶ月変化2.80%1年変化80.19%3年間の変化107.68%5年間の変化267.14%IPOからの変化7.76%最新ニュースBoard Change • May 20High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Hidenori Takaoka was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Mar 04Inpex Corporation (TSE:1605) entered into an agreement to acquire remaining 49% stake in INPEX Southwest Caspian Sea, Ltd. from Ministry of Economy, Trade and Industry.Inpex Corporation (TSE:1605) entered into an agreement to acquire remaining 49% stake in INPEX Southwest Caspian Sea, Ltd. from Ministry of Economy, Trade and Industry on March 2, 2026. The tranaction was executed through an open bid, and will make INPEX Southwest a wholly owned subsidiary of INPEX. Through INPEX Southwest, INPEX owns a participating interest in the Azeri-Chirag-Gunashli (ACG) Contract Area in the Caspian Sea offshore the Republic of Azerbaijan, where it is engaged in crude oil development and production operations.お知らせ • Feb 16Inpex Corporation Announces Resignation of Atsuko Nishimura as Outside Director, Effective February 28, 2026Inpex Corporation announced the resignation of Atsuko Nishimura, Outside Director, effective February 28, 2026, due to personal reasons.お知らせ • Feb 13Inpex Corporation Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2026 and Year Ending December 31, 2026Inpex Corporation provided consolidated earnings guidance for the six months ending June 30, 2026 and year ending December 31, 2026. For the six months, the company expects revenue of JPY 971,000 million, operating profit of JPY 476,000 million, profit attributable to owners of parent of JPY 150,000 million and basic earnings per share of JPY 128.71. For the year, the company expects revenue of JPY 1,893,000 million, operating profit of JPY 957,000 million, profit attributable to owners of parent of JPY 330,000 million and basic earnings per share of JPY 283.17.お知らせ • Feb 12+ 1 more updateInpex Corporation, Annual General Meeting, Mar 27, 2026Inpex Corporation, Annual General Meeting, Mar 27, 2026.お知らせ • Dec 03+ 3 more updatesInpex Corporation to Report Q2, 2026 Results on Aug 07, 2026Inpex Corporation announced that they will report Q2, 2026 results on Aug 07, 2026最新情報をもっと見るRecent updatesBoard Change • May 20High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Hidenori Takaoka was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Mar 04Inpex Corporation (TSE:1605) entered into an agreement to acquire remaining 49% stake in INPEX Southwest Caspian Sea, Ltd. from Ministry of Economy, Trade and Industry.Inpex Corporation (TSE:1605) entered into an agreement to acquire remaining 49% stake in INPEX Southwest Caspian Sea, Ltd. from Ministry of Economy, Trade and Industry on March 2, 2026. The tranaction was executed through an open bid, and will make INPEX Southwest a wholly owned subsidiary of INPEX. Through INPEX Southwest, INPEX owns a participating interest in the Azeri-Chirag-Gunashli (ACG) Contract Area in the Caspian Sea offshore the Republic of Azerbaijan, where it is engaged in crude oil development and production operations.お知らせ • Feb 16Inpex Corporation Announces Resignation of Atsuko Nishimura as Outside Director, Effective February 28, 2026Inpex Corporation announced the resignation of Atsuko Nishimura, Outside Director, effective February 28, 2026, due to personal reasons.お知らせ • Feb 13Inpex Corporation Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2026 and Year Ending December 31, 2026Inpex Corporation provided consolidated earnings guidance for the six months ending June 30, 2026 and year ending December 31, 2026. For the six months, the company expects revenue of JPY 971,000 million, operating profit of JPY 476,000 million, profit attributable to owners of parent of JPY 150,000 million and basic earnings per share of JPY 128.71. For the year, the company expects revenue of JPY 1,893,000 million, operating profit of JPY 957,000 million, profit attributable to owners of parent of JPY 330,000 million and basic earnings per share of JPY 283.17.お知らせ • Feb 12+ 1 more updateInpex Corporation, Annual General Meeting, Mar 27, 2026Inpex Corporation, Annual General Meeting, Mar 27, 2026.お知らせ • Dec 03+ 3 more updatesInpex Corporation to Report Q2, 2026 Results on Aug 07, 2026Inpex Corporation announced that they will report Q2, 2026 results on Aug 07, 2026お知らせ • Nov 27INPEX Corporation Announces Executive Changes, Effective January 1, 2026Effective January 1, 2026, INPEX Corporation announced a change in Representative Director: Hiroshi Fujii, currently serving as Representative Director and Senior Executive Vice President in charge of Europe & Middle East Projects, will resign from his Senior Executive Vice President role and transition to Director and Corporate Advisor.お知らせ • Nov 14Inpex Corporation Revises Consolidated Earnings Guidance for the Year Ending December 31, 2025Inpex Corporation revised consolidated earnings guidance for the year ending December 31, 2025. For the year, the company now expects net sales of JPY 2,000,000 million compared to previous guidance of JPY 1,995,000 million, operating profit of JPY 1,120,000 million compared to previous guidance of JPY 1,085,000 million and profit attributable to owners of parent of JPY 390,000 million or JPY 327.97 per basic earnings share compared to previous guidance of JPY 370,000 million. The revision reflects safe and reliable operations in the key projects during the nine months ended September 30, 2025, as well as updated assumptions on the sales volume, crude oil prices and foreign exchange rates for the fourth quarter.お知らせ • Aug 08Inpex Corporation (TSE:1605) announces an Equity Buyback for 50,000,000 shares, representing 4.17% for ¥80,000 million.Inpex Corporation (TSE:1605) announces a share repurchase program. Under the program, the company will repurchase up to 50,000,000 shares, representing 4.17% of its issued share capital (excluding treasury shares), for a total of ¥80,000 million. The purpose of repurchase program is to improve capital efficiency and enhance shareholder returns. The repurchase program is valid till December 31, 2025. As of June 30, 2025, the company had 1,198,427,648 shares issued (excluding treasury stock) and had 60,708,419 shares in treasury.お知らせ • May 13+ 1 more updateInpex Corporation Revises Consolidated Earnings Guidance for the Six Months Ending June 30, 2025Inpex Corporation revised consolidated earnings guidance for the six months ending June 30, 2025. For the six months ending June 30, 2025, the company expects revenue of ¥1,018,000 million compared to previous guidance of ¥1,084,000 million, operating profit of ¥584,000 million compared to previous guidance of ¥576,000 million, profit attributable to owners of parent of ¥219,000 million compared to previous guidance of ¥180,000 million and basic earnings per share of ¥182.87 compared to previous guidance of ¥150.30. INPEX revised its consolidated financial forecasts for the six months ending June 30, 2025 due to the increased risk of a decline in crude oil prices compared to the assumptions at the time of the previous forecast and the appreciation of the Japanese yen against the U.S. dollar in the three months ended March 31, 2025 while stable operations were carried out at the company's key projects including Ichthys LNG.お知らせ • Feb 13Inpex Corporation, Annual General Meeting, Mar 28, 2025Inpex Corporation, Annual General Meeting, Mar 28, 2025.お知らせ • Dec 05+ 2 more updatesInpex Corporation to Report Q1, 2025 Results on May 13, 2025Inpex Corporation announced that they will report Q1, 2025 results on May 13, 2025お知らせ • Dec 03Inpex Corporation to Report Q2, 2025 Results on Aug 08, 2025Inpex Corporation announced that they will report Q2, 2025 results on Aug 08, 2025New Risk • Nov 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Reported Earnings • Nov 13Third quarter 2024 earnings released: EPS: JP¥63.01 (vs JP¥20.14 in 3Q 2023)Third quarter 2024 results: EPS: JP¥63.01 (up from JP¥20.14 in 3Q 2023). Revenue: JP¥556.7b (up 6.4% from 3Q 2023). Net income: JP¥76.8b (up 194% from 3Q 2023). Profit margin: 14% (up from 5.0% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is expected to fall by 4.2% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year and the company’s share price has also increased by 17% per year.お知らせ • Sep 04Timor GAP, E.P. agreed to acquire 16% stake in Bayu-Undan upstream project from Santos Limited (ASX:STO), Tokyo Timor Sea Resources Pty Ltd, Eni S.p.A. (BIT:ENI), Inpex Corporation (TSE:1605) and SK E&S Co., Ltd.Timor GAP, E.P. signed a sale and purchase deed to acquire 16% stake in Bayu-Undan upstream project from Santos Limited (ASX:STO), Tokyo Timor Sea Resources Pty Ltd, Eni S.p.A. (BIT:ENI), Inpex Corporation (TSE:1605) and SK E&S Co., Ltd. on September 2, 2024. Execution of the SPD to effect this transaction is planned to occur in mid-September.Declared Dividend • Aug 11First half dividend of JP¥43.00 announcedShareholders will receive a dividend of JP¥43.00. Ex-date: 27th December 2024 Payment date: 27th March 2025 Dividend yield will be 345%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: JP¥72.73 (vs JP¥78.70 in 2Q 2023)Second quarter 2024 results: EPS: JP¥72.73 (down from JP¥78.70 in 2Q 2023). Revenue: JP¥594.1b (up 19% from 2Q 2023). Net income: JP¥90.8b (down 12% from 2Q 2023). Profit margin: 15% (down from 21% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 38% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 27% per year.お知らせ • Aug 09Inpex Corporation (TSE:1605) announces an Equity Buyback for 64,000,000 shares, representing 5.13% for ¥80,000 million.Inpex Corporation (TSE:1605) announces a share repurchase program. Under the program, the company will repurchase up to 64,000,000 shares, representing 5.13% of its issued share capital (excluding treasury shares), for a total of ¥80,000 million. The purpose of repurchase program is to improve capital efficiency and enhance shareholder returns. The repurchase program is valid till December 31, 2024. As of June 30, 2024, the company had 1,248,618,084 shares issued (excluding treasury stock) and had 10,517,983 shares in treasury.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €11.60, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 123% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.76 per share.New Risk • Aug 02New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 21% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company.Buy Or Sell Opportunity • Jul 27Now 22% overvaluedOver the last 90 days, the stock has fallen 1.5% to €13.76. The fair value is estimated to be €11.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are also forecast to grow by 3.1% per annum over the same time period.Buy Or Sell Opportunity • Jul 02Now 31% overvaluedOver the last 90 days, the stock has fallen 2.7% to €13.68. The fair value is estimated to be €10.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings are also forecast to grow by 2.8% per annum over the same time period.Buy Or Sell Opportunity • Jun 25Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 1.0% to €13.74. The fair value is estimated to be €11.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings are also forecast to grow by 2.8% per annum over the same time period.お知らせ • Jun 23Inpex Corporation to Report Q2, 2024 Results on Aug 08, 2024Inpex Corporation announced that they will report Q2, 2024 results on Aug 08, 2024Reported Earnings • May 15First quarter 2024 earnings released: EPS: JP¥96.82 (vs JP¥116 in 1Q 2023)First quarter 2024 results: EPS: JP¥96.82 (down from JP¥116 in 1Q 2023). Revenue: JP¥596.8b (up 3.2% from 1Q 2023). Net income: JP¥121.8b (down 20% from 1Q 2023). Profit margin: 20% (down from 26% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.お知らせ • May 15Inpex Corporation (TSE:1605) announces an Equity Buyback for 40,000,000 shares, representing 3.18% for ¥50,000 million.Inpex Corporation (TSE:1605) announces a share repurchase program. Under the program, the company will repurchase up to 40,000,000 shares, representing 3.18% of its issued share capital (excluding treasury shares), for a total of ¥50,000 million. The purpose of repurchase program is to improve capital efficiency and enhance shareholder returns. The repurchase program is valid till December 31, 2024. As of March 31, 2024, the company had 79,762,500 shares issued (excluding treasury stock) and had 46 shares in treasury.Declared Dividend • Apr 11Final dividend of JP¥38.00 announcedShareholders will receive a dividend of JP¥38.00. Ex-date: 27th June 2024 Payment date: 2nd September 2024 Dividend yield will be 259%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 4.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover.New Risk • Apr 10New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Reported Earnings • Mar 29Full year 2023 earnings released: EPS: JP¥256 (vs JP¥321 in FY 2022)Full year 2023 results: EPS: JP¥256 (down from JP¥321 in FY 2022). Revenue: JP¥2.16t (down 6.9% from FY 2022). Net income: JP¥321.7b (down 27% from FY 2022). Profit margin: 15% (down from 19% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 08Inpex Corporation to Report Q1, 2024 Results on May 14, 2024Inpex Corporation announced that they will report Q1, 2024 results on May 14, 2024Reported Earnings • Feb 14Full year 2023 earnings released: EPS: JP¥287 (vs JP¥321 in FY 2022)Full year 2023 results: EPS: JP¥287 (down from JP¥321 in FY 2022). Revenue: JP¥2.17t (down 6.8% from FY 2022). Net income: JP¥371.5b (down 15% from FY 2022). Profit margin: 17% (down from 19% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 13+ 2 more updatesInpex Corporation, Annual General Meeting, Mar 26, 2024Inpex Corporation, Annual General Meeting, Mar 26, 2024.Upcoming Dividend • Dec 21Upcoming dividend of JP¥37.00 per share at 3.8% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 29 March 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.1%).Buying Opportunity • Dec 09Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be €15.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.7% per annum. Earnings is forecast to decline by 2.1% per annum over the same time period.お知らせ • Dec 05Inpex Corporation to Report Fiscal Year 2023 Results on Feb 13, 2024Inpex Corporation announced that they will report fiscal year 2023 results on Feb 13, 2024お知らせ • Nov 11+ 1 more updateInpex Corporation Provides Year-End Dividend Guidance for the Fiscal Year Ending December 31, 2023Inpex Corporation provided year-end dividend guidance of JPY 37.00 per share for the fiscal year ending December 31, 2023 against JPY 32.00 per share paid for the same period a year ago.Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: JP¥20.14 (vs JP¥60.55 in 3Q 2022)Third quarter 2023 results: EPS: JP¥20.14 (down from JP¥60.55 in 3Q 2022). Revenue: JP¥523.0b (down 13% from 3Q 2022). Net income: JP¥26.1b (down 69% from 3Q 2022). Profit margin: 5.0% (down from 14% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 02Inpex Corporation (TSE:1605) agreed to acquire a 30% stake in Japan Suiso Energy, Ltd. from Kawasaki Heavy Industries, Ltd. (TSE:7012)Inpex Corporation (TSE:1605) agreed to acquire a 30% stake in Japan Suiso Energy, Ltd. from Kawasaki Heavy Industries, Ltd. (TSE:7012) on October 31, 2023.Valuation Update With 7 Day Price Move • Oct 06Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €12.40, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 219% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €13.72 per share.お知らせ • Oct 01Inpex Corporation (TSE:1605) completed the acquisition of 50% stake in Enel Green Power Australia Pty Ltd from Enel Green Power S.p.A. for approximately €140 million.Inpex Corporation (TSE:1605) signed an agreement to acquire 50% stake in Enel Green Power Australia Pty Ltd from Enel Green Power S.p.A. on July 13, 2023. As part of consideration approximately €400 million enterprise value, 100% basis, of which around 140 million euros in debt. The closing of the sale is subject to clearance from the Australian Foreign Investment Review Board and the competent Antitrust authorities. As of August 17, 2023, European Commission has approved the acquisition. Credit Suisse AG (Milan Branch) acted as financial advisor to Enel Green Power S.p.A. Simon Reed, Daniel Zador, Peter Davis of Herbert Smith Freehills acted as legal advisor to INPEX Renewable Energy Australia Pty Ltd. Inpex Corporation (TSE:1605) completed the acquisition of 50% stake in Enel Green Power Australia Pty Ltd from Enel Green Power S.p.A. for approximately €140 million on July 13, 2023.お知らせ • Sep 05Inpex Corporation to Report Nine Months, 2023 Results on Nov 09, 2023Inpex Corporation announced that they will report nine months, 2023 results on Nov 09, 2023お知らせ • Aug 22Inpex Corporation (TSE:1605) and TotalEnergies SE (ENXTPA:TTE) signed an agreement to acquire PTT Exploration and Production Public Company Limited (SET:PTTEP).Inpex Corporation (TSE:1605) and TotalEnergies SE (ENXTPA:TTE) signed an agreement to acquire PTT Exploration and Production Public Company Limited (SET:PTTEP) on August 21, 2023. TotalEnergies will acquire a 26% interest in the permit in line with its equity in Ichthys LNG, while INPEX will acquire the remaining 74% and assume operatorship. The transaction is subject to approval by the relevant authorities.お知らせ • Aug 10Inpex Corporation (TSE:1605) announces an Equity Buyback for 80,000,000 shares, representing 6.12% for ¥100,000 million.Inpex Corporation (TSE:1605) announces a share repurchase program. Under the program, the company will repurchase up to 80,000,000 shares, representing 6.12% of its issued share capital (excluding treasury shares), for a total of ¥100,000 million. The purpose of repurchase program is to improve capital efficiency and enhance shareholder returns. The repurchase program is valid till December 29, 2023. As of June 30, 2023, the company had 1,306,904,667 shares outstanding and had 79,762,500 shares in treasury.Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: JP¥78.70 (vs JP¥65.20 in 2Q 2022)Second quarter 2023 results: EPS: JP¥78.70 (up from JP¥65.20 in 2Q 2022). Revenue: JP¥500.3b (down 18% from 2Q 2022). Net income: JP¥102.8b (up 14% from 2Q 2022). Profit margin: 21% (up from 15% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.6%.お知らせ • Jul 14Inpex Corporation (TSE:1605) signed an agreement to acquire 50% stake in Enel Green Power Australia Pty Ltd from Enel Green Power S.p.A.Inpex Corporation (TSE:1605) signed an agreement to acquire 50% stake in Enel Green Power Australia Pty Ltd from Enel Green Power S.p.A. on July 13, 2023. As part of consideration approximately €400 million enterprise value, 100% basis, of which around 140 million euros in debt. The closing of the sale is subject to clearance from the Australian Foreign Investment Review Board and the competent Antitrust authorities.Upcoming Dividend • Jun 22Upcoming dividend of JP¥32.00 per share at 4.0% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.3%).お知らせ • Jun 01Inpex Corporation to Report Q2, 2023 Results on Aug 09, 2023Inpex Corporation announced that they will report Q2, 2023 results on Aug 09, 2023Reported Earnings • May 12First quarter 2023 earnings released: EPS: JP¥116 (vs JP¥67.86 in 1Q 2022)First quarter 2023 results: EPS: JP¥116 (up from JP¥67.86 in 1Q 2022). Revenue: JP¥578.5b (up 19% from 1Q 2022). Net income: JP¥151.5b (up 61% from 1Q 2022). Profit margin: 26% (up from 19% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Oil and Gas industry in Germany.お知らせ • May 11+ 2 more updatesInpex Corporation Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2023 and Year Ending December 31, 2023Inpex Corporation provided consolidated earnings guidance for the six months ending June 30, 2023 and year ending December 31, 2023. For the period, the company expects net sales of JPY 1,071,000 million, operating profit of JPY 551,000 million, profit attributable to owners of parent JPY 218,000 million and basic earnings per share of JPY 166.92 against previous guidance of net sales of JPY 1,013,000 million, operating profit of JPY 507,000 million, and profit attributable to owners of parent JPY 199,000 million.For the year, the company expects net sales of JPY 1,994,000 million, operating profit of JPY 984,000 million, profit attributable to owners of parent JPY 300,000 million and basic earnings per share of JPY 229.71 against previous guidance of net sales of JPY 1,885,000 million, operating profit of JPY 892,000 million, and profit attributable to owners of parent JPY 270,000 million.Reported Earnings • Apr 02Full year 2022 earnings released: EPS: JP¥321 (vs JP¥154 in FY 2021)Full year 2022 results: EPS: JP¥321 (up from JP¥154 in FY 2021). Revenue: JP¥2.32t (up 87% from FY 2021). Net income: JP¥438.3b (up 97% from FY 2021). Profit margin: 19% (up from 18% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Mar 15Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 4.0%. The fair value is estimated to be €12.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 71%. For the next 3 years, revenue is forecast to decline by 2.6% per annum. Earnings is also forecast to decline by 6.0% per annum over the same time period.Reported Earnings • Feb 12Full year 2022 earnings released: EPS: JP¥336 (vs JP¥154 in FY 2021)Full year 2022 results: EPS: JP¥336 (up from JP¥154 in FY 2021). Revenue: JP¥2.32t (up 87% from FY 2021). Net income: JP¥438.3b (up 97% from FY 2021). Profit margin: 19% (up from 18% in FY 2021). The increase in margin was driven by higher revenue. Oil sales price Average sales price/bbl (hedged): US$12,885 Combined production Oil equivalent production: 227.1 MMboe (213.3 MMboe in FY 2021) Revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 8.1%. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 09+ 5 more updatesInpex Corporation, Annual General Meeting, Mar 28, 2023Inpex Corporation, Annual General Meeting, Mar 28, 2023.Buying Opportunity • Feb 07Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.5%. The fair value is estimated to be €12.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 48%. For the next 3 years, revenue is forecast to decline by 2.9% per annum. Earnings is also forecast to decline by 4.7% per annum over the same time period.お知らせ • Feb 03Repsol Oil & Gas USA, LLC acquired INPEX Eagle Ford, LLC from Inpex Corporation (TSE:1605).Repsol Oil & Gas USA, LLC acquired INPEX Eagle Ford, LLC from Inpex Corporation (TSE:1605) on February 1, 2023.Repsol Oil & Gas USA, LLC completed the acquisition of INPEX Eagle Ford, LLC from Inpex Corporation (TSE:1605) on February 1, 2023.Buying Opportunity • Jan 20Now 21% undervaluedOver the last 90 days, the stock is up 2.5%. The fair value is estimated to be €12.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 48%. For the next 3 years, revenue is forecast to decline by 2.9% per annum. Earnings is also forecast to decline by 5.0% per annum over the same time period.Upcoming Dividend • Dec 22Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 28 March 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.2%).お知らせ • Dec 17Inpex Corporation to Report Fiscal Year 2022 Results on Feb 09, 2023Inpex Corporation announced that they will report fiscal year 2022 results on Feb 09, 2023Buying Opportunity • Dec 17Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 9.7%. The fair value is estimated to be €12.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 48%. For the next 3 years, revenue is forecast to decline by 2.2% per annum. Earnings is also forecast to decline by 3.7% per annum over the same time period.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Outside Director Tomoo Nishikawa was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Buying Opportunity • Nov 10Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 6.2%. The fair value is estimated to be €13.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 48%. For the next 3 years, revenue is forecast to decline by 2.0% per annum. Earnings is also forecast to decline by 3.9% per annum over the same time period.Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: JP¥61.50 (vs JP¥58.72 in 3Q 2021)Third quarter 2022 results: EPS: JP¥61.50. Revenue: JP¥600.3b (up 71% from 3Q 2021). Net income: JP¥83.0b (down 3.2% from 3Q 2021). Profit margin: 14% (down from 24% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 2.0% p.a. on average during the next 3 years compared to a 4.6% decline forecast for the Oil and Gas industry in Germany.お知らせ • Nov 09+ 1 more updateInpex Corporation Provides Earnings Guidance for the Year Ending December 31, 2022Inpex Corporation provided earnings guidance for the year ending December 31, 2022. For the year ending December 31, 2022, the company reported net sales of JPY 2,302,000 million, operating income of JPY 1,241,000 million and net income attributable to owners of parent of JPY 400,000 million or JPY 292.58 net income per share.株主還元I8UDE Oil and GasDE 市場7D-1.2%-1.7%3.2%1Y80.2%61.3%2.5%株主還元を見る業界別リターン: I8U過去 1 年間で61.3 % の収益を上げたGerman Oil and Gas業界を上回りました。リターン対市場: I8U過去 1 年間で2.5 % の収益を上げたGerman市場を上回りました。価格変動Is I8U's price volatile compared to industry and market?I8U volatilityI8U Average Weekly Movement7.6%Oil and Gas Industry Average Movement8.8%Market Average Movement6.1%10% most volatile stocks in DE Market13.6%10% least volatile stocks in DE Market2.7%安定した株価: I8U 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: I8Uの 週次ボラティリティ ( 8% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19663,720Takayuki Uedawww.inpex.com株式会社インペックスは、石油、天然ガス、その他の鉱物資源の調査、探鉱、開発、生産、販売を日本国内および海外で行っている。同社は、鉱物資源事業に従事する企業等への投融資を手掛けている。また、天然ガスの輸送、ガスパイプラインの運営・管理・保守も行っている。その他、ガス会社向け天然ガス輸送、ガス・熱・電力供給事業、掘削泥水調整剤・セメント添加剤の製造・加工・販売、地熱プロジェクトの開発・運営、トラック輸送、発電・電力供給、不動産管理・賃貸・仲介・販売、油井・地熱井の掘削・大口径基礎工事の請負などを行っている。旧社名はインペックス・ホールディングス株式会社。株式会社インペックスは1966年に設立され、東京に本社を置く。もっと見るInpex Corporation 基礎のまとめInpex の収益と売上を時価総額と比較するとどうか。I8U 基礎統計学時価総額€24.15b収益（TTM）€2.04b売上高(TTM)€10.70b11.8xPER（株価収益率2.3xP/SレシオI8U は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計I8U 損益計算書（TTM）収益JP¥1.98t売上原価JP¥877.57b売上総利益JP¥1.10tその他の費用JP¥721.73b収益JP¥376.96b直近の収益報告Mar 31, 2026次回決算日Aug 07, 2026一株当たり利益（EPS）324.35グロス・マージン55.59%純利益率19.07%有利子負債／自己資本比率26.1%I8U の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.8%現在の配当利回り31%配当性向I8U 配当は確実ですか？I8U 配当履歴とベンチマークを見るI8U 、いつまでに購入すれば配当金を受け取れますか？Inpex 配当日配当落ち日Jun 29 2026配当支払日Sep 01 2026配当落ちまでの日数37 days配当支払日までの日数101 daysI8U 配当は確実ですか？I8U 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 10:43終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Inpex Corporation 12 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。23 アナリスト機関Kazuhisa MoriBarclaysNEIL BEVERIDGEBernsteinKohei SugaBofA Global Research20 その他のアナリストを表示
Board Change • May 20High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Hidenori Takaoka was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Mar 04Inpex Corporation (TSE:1605) entered into an agreement to acquire remaining 49% stake in INPEX Southwest Caspian Sea, Ltd. from Ministry of Economy, Trade and Industry.Inpex Corporation (TSE:1605) entered into an agreement to acquire remaining 49% stake in INPEX Southwest Caspian Sea, Ltd. from Ministry of Economy, Trade and Industry on March 2, 2026. The tranaction was executed through an open bid, and will make INPEX Southwest a wholly owned subsidiary of INPEX. Through INPEX Southwest, INPEX owns a participating interest in the Azeri-Chirag-Gunashli (ACG) Contract Area in the Caspian Sea offshore the Republic of Azerbaijan, where it is engaged in crude oil development and production operations.
お知らせ • Feb 16Inpex Corporation Announces Resignation of Atsuko Nishimura as Outside Director, Effective February 28, 2026Inpex Corporation announced the resignation of Atsuko Nishimura, Outside Director, effective February 28, 2026, due to personal reasons.
お知らせ • Feb 13Inpex Corporation Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2026 and Year Ending December 31, 2026Inpex Corporation provided consolidated earnings guidance for the six months ending June 30, 2026 and year ending December 31, 2026. For the six months, the company expects revenue of JPY 971,000 million, operating profit of JPY 476,000 million, profit attributable to owners of parent of JPY 150,000 million and basic earnings per share of JPY 128.71. For the year, the company expects revenue of JPY 1,893,000 million, operating profit of JPY 957,000 million, profit attributable to owners of parent of JPY 330,000 million and basic earnings per share of JPY 283.17.
お知らせ • Feb 12+ 1 more updateInpex Corporation, Annual General Meeting, Mar 27, 2026Inpex Corporation, Annual General Meeting, Mar 27, 2026.
お知らせ • Dec 03+ 3 more updatesInpex Corporation to Report Q2, 2026 Results on Aug 07, 2026Inpex Corporation announced that they will report Q2, 2026 results on Aug 07, 2026
Board Change • May 20High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Hidenori Takaoka was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Mar 04Inpex Corporation (TSE:1605) entered into an agreement to acquire remaining 49% stake in INPEX Southwest Caspian Sea, Ltd. from Ministry of Economy, Trade and Industry.Inpex Corporation (TSE:1605) entered into an agreement to acquire remaining 49% stake in INPEX Southwest Caspian Sea, Ltd. from Ministry of Economy, Trade and Industry on March 2, 2026. The tranaction was executed through an open bid, and will make INPEX Southwest a wholly owned subsidiary of INPEX. Through INPEX Southwest, INPEX owns a participating interest in the Azeri-Chirag-Gunashli (ACG) Contract Area in the Caspian Sea offshore the Republic of Azerbaijan, where it is engaged in crude oil development and production operations.
お知らせ • Feb 16Inpex Corporation Announces Resignation of Atsuko Nishimura as Outside Director, Effective February 28, 2026Inpex Corporation announced the resignation of Atsuko Nishimura, Outside Director, effective February 28, 2026, due to personal reasons.
お知らせ • Feb 13Inpex Corporation Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2026 and Year Ending December 31, 2026Inpex Corporation provided consolidated earnings guidance for the six months ending June 30, 2026 and year ending December 31, 2026. For the six months, the company expects revenue of JPY 971,000 million, operating profit of JPY 476,000 million, profit attributable to owners of parent of JPY 150,000 million and basic earnings per share of JPY 128.71. For the year, the company expects revenue of JPY 1,893,000 million, operating profit of JPY 957,000 million, profit attributable to owners of parent of JPY 330,000 million and basic earnings per share of JPY 283.17.
お知らせ • Feb 12+ 1 more updateInpex Corporation, Annual General Meeting, Mar 27, 2026Inpex Corporation, Annual General Meeting, Mar 27, 2026.
お知らせ • Dec 03+ 3 more updatesInpex Corporation to Report Q2, 2026 Results on Aug 07, 2026Inpex Corporation announced that they will report Q2, 2026 results on Aug 07, 2026
お知らせ • Nov 27INPEX Corporation Announces Executive Changes, Effective January 1, 2026Effective January 1, 2026, INPEX Corporation announced a change in Representative Director: Hiroshi Fujii, currently serving as Representative Director and Senior Executive Vice President in charge of Europe & Middle East Projects, will resign from his Senior Executive Vice President role and transition to Director and Corporate Advisor.
お知らせ • Nov 14Inpex Corporation Revises Consolidated Earnings Guidance for the Year Ending December 31, 2025Inpex Corporation revised consolidated earnings guidance for the year ending December 31, 2025. For the year, the company now expects net sales of JPY 2,000,000 million compared to previous guidance of JPY 1,995,000 million, operating profit of JPY 1,120,000 million compared to previous guidance of JPY 1,085,000 million and profit attributable to owners of parent of JPY 390,000 million or JPY 327.97 per basic earnings share compared to previous guidance of JPY 370,000 million. The revision reflects safe and reliable operations in the key projects during the nine months ended September 30, 2025, as well as updated assumptions on the sales volume, crude oil prices and foreign exchange rates for the fourth quarter.
お知らせ • Aug 08Inpex Corporation (TSE:1605) announces an Equity Buyback for 50,000,000 shares, representing 4.17% for ¥80,000 million.Inpex Corporation (TSE:1605) announces a share repurchase program. Under the program, the company will repurchase up to 50,000,000 shares, representing 4.17% of its issued share capital (excluding treasury shares), for a total of ¥80,000 million. The purpose of repurchase program is to improve capital efficiency and enhance shareholder returns. The repurchase program is valid till December 31, 2025. As of June 30, 2025, the company had 1,198,427,648 shares issued (excluding treasury stock) and had 60,708,419 shares in treasury.
お知らせ • May 13+ 1 more updateInpex Corporation Revises Consolidated Earnings Guidance for the Six Months Ending June 30, 2025Inpex Corporation revised consolidated earnings guidance for the six months ending June 30, 2025. For the six months ending June 30, 2025, the company expects revenue of ¥1,018,000 million compared to previous guidance of ¥1,084,000 million, operating profit of ¥584,000 million compared to previous guidance of ¥576,000 million, profit attributable to owners of parent of ¥219,000 million compared to previous guidance of ¥180,000 million and basic earnings per share of ¥182.87 compared to previous guidance of ¥150.30. INPEX revised its consolidated financial forecasts for the six months ending June 30, 2025 due to the increased risk of a decline in crude oil prices compared to the assumptions at the time of the previous forecast and the appreciation of the Japanese yen against the U.S. dollar in the three months ended March 31, 2025 while stable operations were carried out at the company's key projects including Ichthys LNG.
お知らせ • Feb 13Inpex Corporation, Annual General Meeting, Mar 28, 2025Inpex Corporation, Annual General Meeting, Mar 28, 2025.
お知らせ • Dec 05+ 2 more updatesInpex Corporation to Report Q1, 2025 Results on May 13, 2025Inpex Corporation announced that they will report Q1, 2025 results on May 13, 2025
お知らせ • Dec 03Inpex Corporation to Report Q2, 2025 Results on Aug 08, 2025Inpex Corporation announced that they will report Q2, 2025 results on Aug 08, 2025
New Risk • Nov 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Reported Earnings • Nov 13Third quarter 2024 earnings released: EPS: JP¥63.01 (vs JP¥20.14 in 3Q 2023)Third quarter 2024 results: EPS: JP¥63.01 (up from JP¥20.14 in 3Q 2023). Revenue: JP¥556.7b (up 6.4% from 3Q 2023). Net income: JP¥76.8b (up 194% from 3Q 2023). Profit margin: 14% (up from 5.0% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is expected to fall by 4.2% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year and the company’s share price has also increased by 17% per year.
お知らせ • Sep 04Timor GAP, E.P. agreed to acquire 16% stake in Bayu-Undan upstream project from Santos Limited (ASX:STO), Tokyo Timor Sea Resources Pty Ltd, Eni S.p.A. (BIT:ENI), Inpex Corporation (TSE:1605) and SK E&S Co., Ltd.Timor GAP, E.P. signed a sale and purchase deed to acquire 16% stake in Bayu-Undan upstream project from Santos Limited (ASX:STO), Tokyo Timor Sea Resources Pty Ltd, Eni S.p.A. (BIT:ENI), Inpex Corporation (TSE:1605) and SK E&S Co., Ltd. on September 2, 2024. Execution of the SPD to effect this transaction is planned to occur in mid-September.
Declared Dividend • Aug 11First half dividend of JP¥43.00 announcedShareholders will receive a dividend of JP¥43.00. Ex-date: 27th December 2024 Payment date: 27th March 2025 Dividend yield will be 345%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: JP¥72.73 (vs JP¥78.70 in 2Q 2023)Second quarter 2024 results: EPS: JP¥72.73 (down from JP¥78.70 in 2Q 2023). Revenue: JP¥594.1b (up 19% from 2Q 2023). Net income: JP¥90.8b (down 12% from 2Q 2023). Profit margin: 15% (down from 21% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 38% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 27% per year.
お知らせ • Aug 09Inpex Corporation (TSE:1605) announces an Equity Buyback for 64,000,000 shares, representing 5.13% for ¥80,000 million.Inpex Corporation (TSE:1605) announces a share repurchase program. Under the program, the company will repurchase up to 64,000,000 shares, representing 5.13% of its issued share capital (excluding treasury shares), for a total of ¥80,000 million. The purpose of repurchase program is to improve capital efficiency and enhance shareholder returns. The repurchase program is valid till December 31, 2024. As of June 30, 2024, the company had 1,248,618,084 shares issued (excluding treasury stock) and had 10,517,983 shares in treasury.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €11.60, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 123% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.76 per share.
New Risk • Aug 02New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 21% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company.
Buy Or Sell Opportunity • Jul 27Now 22% overvaluedOver the last 90 days, the stock has fallen 1.5% to €13.76. The fair value is estimated to be €11.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are also forecast to grow by 3.1% per annum over the same time period.
Buy Or Sell Opportunity • Jul 02Now 31% overvaluedOver the last 90 days, the stock has fallen 2.7% to €13.68. The fair value is estimated to be €10.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings are also forecast to grow by 2.8% per annum over the same time period.
Buy Or Sell Opportunity • Jun 25Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 1.0% to €13.74. The fair value is estimated to be €11.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings are also forecast to grow by 2.8% per annum over the same time period.
お知らせ • Jun 23Inpex Corporation to Report Q2, 2024 Results on Aug 08, 2024Inpex Corporation announced that they will report Q2, 2024 results on Aug 08, 2024
Reported Earnings • May 15First quarter 2024 earnings released: EPS: JP¥96.82 (vs JP¥116 in 1Q 2023)First quarter 2024 results: EPS: JP¥96.82 (down from JP¥116 in 1Q 2023). Revenue: JP¥596.8b (up 3.2% from 1Q 2023). Net income: JP¥121.8b (down 20% from 1Q 2023). Profit margin: 20% (down from 26% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.
お知らせ • May 15Inpex Corporation (TSE:1605) announces an Equity Buyback for 40,000,000 shares, representing 3.18% for ¥50,000 million.Inpex Corporation (TSE:1605) announces a share repurchase program. Under the program, the company will repurchase up to 40,000,000 shares, representing 3.18% of its issued share capital (excluding treasury shares), for a total of ¥50,000 million. The purpose of repurchase program is to improve capital efficiency and enhance shareholder returns. The repurchase program is valid till December 31, 2024. As of March 31, 2024, the company had 79,762,500 shares issued (excluding treasury stock) and had 46 shares in treasury.
Declared Dividend • Apr 11Final dividend of JP¥38.00 announcedShareholders will receive a dividend of JP¥38.00. Ex-date: 27th June 2024 Payment date: 2nd September 2024 Dividend yield will be 259%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 4.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Apr 10New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Reported Earnings • Mar 29Full year 2023 earnings released: EPS: JP¥256 (vs JP¥321 in FY 2022)Full year 2023 results: EPS: JP¥256 (down from JP¥321 in FY 2022). Revenue: JP¥2.16t (down 6.9% from FY 2022). Net income: JP¥321.7b (down 27% from FY 2022). Profit margin: 15% (down from 19% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 08Inpex Corporation to Report Q1, 2024 Results on May 14, 2024Inpex Corporation announced that they will report Q1, 2024 results on May 14, 2024
Reported Earnings • Feb 14Full year 2023 earnings released: EPS: JP¥287 (vs JP¥321 in FY 2022)Full year 2023 results: EPS: JP¥287 (down from JP¥321 in FY 2022). Revenue: JP¥2.17t (down 6.8% from FY 2022). Net income: JP¥371.5b (down 15% from FY 2022). Profit margin: 17% (down from 19% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 13+ 2 more updatesInpex Corporation, Annual General Meeting, Mar 26, 2024Inpex Corporation, Annual General Meeting, Mar 26, 2024.
Upcoming Dividend • Dec 21Upcoming dividend of JP¥37.00 per share at 3.8% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 29 March 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.1%).
Buying Opportunity • Dec 09Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be €15.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.7% per annum. Earnings is forecast to decline by 2.1% per annum over the same time period.
お知らせ • Dec 05Inpex Corporation to Report Fiscal Year 2023 Results on Feb 13, 2024Inpex Corporation announced that they will report fiscal year 2023 results on Feb 13, 2024
お知らせ • Nov 11+ 1 more updateInpex Corporation Provides Year-End Dividend Guidance for the Fiscal Year Ending December 31, 2023Inpex Corporation provided year-end dividend guidance of JPY 37.00 per share for the fiscal year ending December 31, 2023 against JPY 32.00 per share paid for the same period a year ago.
Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: JP¥20.14 (vs JP¥60.55 in 3Q 2022)Third quarter 2023 results: EPS: JP¥20.14 (down from JP¥60.55 in 3Q 2022). Revenue: JP¥523.0b (down 13% from 3Q 2022). Net income: JP¥26.1b (down 69% from 3Q 2022). Profit margin: 5.0% (down from 14% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 02Inpex Corporation (TSE:1605) agreed to acquire a 30% stake in Japan Suiso Energy, Ltd. from Kawasaki Heavy Industries, Ltd. (TSE:7012)Inpex Corporation (TSE:1605) agreed to acquire a 30% stake in Japan Suiso Energy, Ltd. from Kawasaki Heavy Industries, Ltd. (TSE:7012) on October 31, 2023.
Valuation Update With 7 Day Price Move • Oct 06Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €12.40, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 219% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €13.72 per share.
お知らせ • Oct 01Inpex Corporation (TSE:1605) completed the acquisition of 50% stake in Enel Green Power Australia Pty Ltd from Enel Green Power S.p.A. for approximately €140 million.Inpex Corporation (TSE:1605) signed an agreement to acquire 50% stake in Enel Green Power Australia Pty Ltd from Enel Green Power S.p.A. on July 13, 2023. As part of consideration approximately €400 million enterprise value, 100% basis, of which around 140 million euros in debt. The closing of the sale is subject to clearance from the Australian Foreign Investment Review Board and the competent Antitrust authorities. As of August 17, 2023, European Commission has approved the acquisition. Credit Suisse AG (Milan Branch) acted as financial advisor to Enel Green Power S.p.A. Simon Reed, Daniel Zador, Peter Davis of Herbert Smith Freehills acted as legal advisor to INPEX Renewable Energy Australia Pty Ltd. Inpex Corporation (TSE:1605) completed the acquisition of 50% stake in Enel Green Power Australia Pty Ltd from Enel Green Power S.p.A. for approximately €140 million on July 13, 2023.
お知らせ • Sep 05Inpex Corporation to Report Nine Months, 2023 Results on Nov 09, 2023Inpex Corporation announced that they will report nine months, 2023 results on Nov 09, 2023
お知らせ • Aug 22Inpex Corporation (TSE:1605) and TotalEnergies SE (ENXTPA:TTE) signed an agreement to acquire PTT Exploration and Production Public Company Limited (SET:PTTEP).Inpex Corporation (TSE:1605) and TotalEnergies SE (ENXTPA:TTE) signed an agreement to acquire PTT Exploration and Production Public Company Limited (SET:PTTEP) on August 21, 2023. TotalEnergies will acquire a 26% interest in the permit in line with its equity in Ichthys LNG, while INPEX will acquire the remaining 74% and assume operatorship. The transaction is subject to approval by the relevant authorities.
お知らせ • Aug 10Inpex Corporation (TSE:1605) announces an Equity Buyback for 80,000,000 shares, representing 6.12% for ¥100,000 million.Inpex Corporation (TSE:1605) announces a share repurchase program. Under the program, the company will repurchase up to 80,000,000 shares, representing 6.12% of its issued share capital (excluding treasury shares), for a total of ¥100,000 million. The purpose of repurchase program is to improve capital efficiency and enhance shareholder returns. The repurchase program is valid till December 29, 2023. As of June 30, 2023, the company had 1,306,904,667 shares outstanding and had 79,762,500 shares in treasury.
Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: JP¥78.70 (vs JP¥65.20 in 2Q 2022)Second quarter 2023 results: EPS: JP¥78.70 (up from JP¥65.20 in 2Q 2022). Revenue: JP¥500.3b (down 18% from 2Q 2022). Net income: JP¥102.8b (up 14% from 2Q 2022). Profit margin: 21% (up from 15% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.6%.
お知らせ • Jul 14Inpex Corporation (TSE:1605) signed an agreement to acquire 50% stake in Enel Green Power Australia Pty Ltd from Enel Green Power S.p.A.Inpex Corporation (TSE:1605) signed an agreement to acquire 50% stake in Enel Green Power Australia Pty Ltd from Enel Green Power S.p.A. on July 13, 2023. As part of consideration approximately €400 million enterprise value, 100% basis, of which around 140 million euros in debt. The closing of the sale is subject to clearance from the Australian Foreign Investment Review Board and the competent Antitrust authorities.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥32.00 per share at 4.0% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.3%).
お知らせ • Jun 01Inpex Corporation to Report Q2, 2023 Results on Aug 09, 2023Inpex Corporation announced that they will report Q2, 2023 results on Aug 09, 2023
Reported Earnings • May 12First quarter 2023 earnings released: EPS: JP¥116 (vs JP¥67.86 in 1Q 2022)First quarter 2023 results: EPS: JP¥116 (up from JP¥67.86 in 1Q 2022). Revenue: JP¥578.5b (up 19% from 1Q 2022). Net income: JP¥151.5b (up 61% from 1Q 2022). Profit margin: 26% (up from 19% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Oil and Gas industry in Germany.
お知らせ • May 11+ 2 more updatesInpex Corporation Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2023 and Year Ending December 31, 2023Inpex Corporation provided consolidated earnings guidance for the six months ending June 30, 2023 and year ending December 31, 2023. For the period, the company expects net sales of JPY 1,071,000 million, operating profit of JPY 551,000 million, profit attributable to owners of parent JPY 218,000 million and basic earnings per share of JPY 166.92 against previous guidance of net sales of JPY 1,013,000 million, operating profit of JPY 507,000 million, and profit attributable to owners of parent JPY 199,000 million.For the year, the company expects net sales of JPY 1,994,000 million, operating profit of JPY 984,000 million, profit attributable to owners of parent JPY 300,000 million and basic earnings per share of JPY 229.71 against previous guidance of net sales of JPY 1,885,000 million, operating profit of JPY 892,000 million, and profit attributable to owners of parent JPY 270,000 million.
Reported Earnings • Apr 02Full year 2022 earnings released: EPS: JP¥321 (vs JP¥154 in FY 2021)Full year 2022 results: EPS: JP¥321 (up from JP¥154 in FY 2021). Revenue: JP¥2.32t (up 87% from FY 2021). Net income: JP¥438.3b (up 97% from FY 2021). Profit margin: 19% (up from 18% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Mar 15Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 4.0%. The fair value is estimated to be €12.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 71%. For the next 3 years, revenue is forecast to decline by 2.6% per annum. Earnings is also forecast to decline by 6.0% per annum over the same time period.
Reported Earnings • Feb 12Full year 2022 earnings released: EPS: JP¥336 (vs JP¥154 in FY 2021)Full year 2022 results: EPS: JP¥336 (up from JP¥154 in FY 2021). Revenue: JP¥2.32t (up 87% from FY 2021). Net income: JP¥438.3b (up 97% from FY 2021). Profit margin: 19% (up from 18% in FY 2021). The increase in margin was driven by higher revenue. Oil sales price Average sales price/bbl (hedged): US$12,885 Combined production Oil equivalent production: 227.1 MMboe (213.3 MMboe in FY 2021) Revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 8.1%. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 09+ 5 more updatesInpex Corporation, Annual General Meeting, Mar 28, 2023Inpex Corporation, Annual General Meeting, Mar 28, 2023.
Buying Opportunity • Feb 07Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.5%. The fair value is estimated to be €12.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 48%. For the next 3 years, revenue is forecast to decline by 2.9% per annum. Earnings is also forecast to decline by 4.7% per annum over the same time period.
お知らせ • Feb 03Repsol Oil & Gas USA, LLC acquired INPEX Eagle Ford, LLC from Inpex Corporation (TSE:1605).Repsol Oil & Gas USA, LLC acquired INPEX Eagle Ford, LLC from Inpex Corporation (TSE:1605) on February 1, 2023.Repsol Oil & Gas USA, LLC completed the acquisition of INPEX Eagle Ford, LLC from Inpex Corporation (TSE:1605) on February 1, 2023.
Buying Opportunity • Jan 20Now 21% undervaluedOver the last 90 days, the stock is up 2.5%. The fair value is estimated to be €12.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 48%. For the next 3 years, revenue is forecast to decline by 2.9% per annum. Earnings is also forecast to decline by 5.0% per annum over the same time period.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 28 March 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.2%).
お知らせ • Dec 17Inpex Corporation to Report Fiscal Year 2022 Results on Feb 09, 2023Inpex Corporation announced that they will report fiscal year 2022 results on Feb 09, 2023
Buying Opportunity • Dec 17Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 9.7%. The fair value is estimated to be €12.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 48%. For the next 3 years, revenue is forecast to decline by 2.2% per annum. Earnings is also forecast to decline by 3.7% per annum over the same time period.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Outside Director Tomoo Nishikawa was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Buying Opportunity • Nov 10Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 6.2%. The fair value is estimated to be €13.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 48%. For the next 3 years, revenue is forecast to decline by 2.0% per annum. Earnings is also forecast to decline by 3.9% per annum over the same time period.
Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: JP¥61.50 (vs JP¥58.72 in 3Q 2021)Third quarter 2022 results: EPS: JP¥61.50. Revenue: JP¥600.3b (up 71% from 3Q 2021). Net income: JP¥83.0b (down 3.2% from 3Q 2021). Profit margin: 14% (down from 24% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 2.0% p.a. on average during the next 3 years compared to a 4.6% decline forecast for the Oil and Gas industry in Germany.
お知らせ • Nov 09+ 1 more updateInpex Corporation Provides Earnings Guidance for the Year Ending December 31, 2022Inpex Corporation provided earnings guidance for the year ending December 31, 2022. For the year ending December 31, 2022, the company reported net sales of JPY 2,302,000 million, operating income of JPY 1,241,000 million and net income attributable to owners of parent of JPY 400,000 million or JPY 292.58 net income per share.
