DB:IWA

Stock Analysis Report

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Executive Summary

Iwatani Corporation supplies gases and energy in Japan, China, Taiwan, South Korea, Singapore, Thailand, Malaysia, Indonesia, Vietnam, the United States, and Australia. More Details


Snowflake Analysis

Excellent balance sheet with proven track record and pays a dividend.

Share Price & News

How has Iwatani's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IWA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

4.9%

IWA

-6.4%

DE Oil and Gas

-7.3%

DE Market


1 Year Return

27.3%

IWA

66.7%

DE Oil and Gas

-7.7%

DE Market

Return vs Industry: IWA underperformed the German Oil and Gas industry which returned 64.9% over the past year.

Return vs Market: IWA exceeded the German Market which returned -6.6% over the past year.


Shareholder returns

IWAIndustryMarket
7 Day4.9%-6.4%-7.3%
30 Day18.6%-10.9%-7.7%
90 Day30.8%39.2%-4.5%
1 Year30.8%27.3%70.9%66.7%-4.8%-7.7%
3 Yearn/a72.8%56.5%-9.2%-17.2%
5 Yearn/a179.1%138.2%11.4%-4.5%

Price Volatility Vs. Market

How volatile is Iwatani's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Iwatani undervalued compared to its fair value and its price relative to the market?

11.67x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IWA (€38.2) is trading above our estimate of fair value (€21.43)

Significantly Below Fair Value: IWA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: IWA is poor value based on its PE Ratio (11.7x) compared to the XE Oil and Gas industry average (9.6x).

PE vs Market: IWA is good value based on its PE Ratio (11.7x) compared to the German market (21.2x).


Price to Earnings Growth Ratio

PEG Ratio: IWA is poor value based on its PEG Ratio (6.9x)


Price to Book Ratio

PB vs Industry: IWA is good value based on its PB Ratio (1.3x) compared to the DE Oil and Gas industry average (1.9x).


Next Steps

Future Growth

How is Iwatani forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

1.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IWA's forecast earnings growth (1.7% per year) is above the savings rate (0.2%).

Earnings vs Market: IWA's earnings (1.7% per year) are forecast to grow slower than the German market (25.7% per year).

High Growth Earnings: IWA's earnings are forecast to grow, but not significantly.

Revenue vs Market: IWA's revenue (1.2% per year) is forecast to grow slower than the German market (5.9% per year).

High Growth Revenue: IWA's revenue (1.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if IWA's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Iwatani performed over the past 5 years?

14.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IWA has high quality earnings.

Growing Profit Margin: IWA's current net profit margins (3%) are higher than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: IWA's earnings have grown by 14.9% per year over the past 5 years.

Accelerating Growth: IWA's earnings growth over the past year (1.2%) is below its 5-year average (14.9% per year).

Earnings vs Industry: IWA earnings growth over the past year (1.2%) exceeded the Oil and Gas industry -18%.


Return on Equity

High ROE: IWA's Return on Equity (10.9%) is considered low.


Next Steps

Financial Health

How is Iwatani's financial position?


Financial Position Analysis

Short Term Liabilities: IWA's short term assets (¥201.4B) exceed its short term liabilities (¥192.9B).

Long Term Liabilities: IWA's short term assets (¥201.4B) exceed its long term liabilities (¥89.3B).


Debt to Equity History and Analysis

Debt Level: IWA's debt to equity ratio (74.3%) is considered high.

Reducing Debt: IWA's debt to equity ratio has reduced from 95% to 74.3% over the past 5 years.

Debt Coverage: IWA's debt is well covered by operating cash flow (28.5%).

Interest Coverage: IWA earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Iwatani current dividend yield, its reliability and sustainability?

1.59%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IWA's dividend (1.59%) is higher than the bottom 25% of dividend payers in the German market (1.28%).

High Dividend: IWA's dividend (1.59%) is low compared to the top 25% of dividend payers in the German market (3.89%).


Stability and Growth of Payments

Stable Dividend: IWA's dividends per share have been stable in the past 10 years.

Growing Dividend: IWA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (18.5%), IWA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Akiji Makino (79 yo)

8.33yrs

Tenure

JP¥181,000,000

Compensation

Mr. Akiji Makino has been the Chairman and Chief Executive Officer at Iwatani Corporation since June 2012. Mr. Makino served as the President of Iwatani Corporation. Mr. Makino previously served as the Chi ...


CEO Compensation Analysis

Compensation vs Market: Akiji's total compensation ($USD0.00) is below average for companies of similar size in the German market ($USD1.53M).

Compensation vs Earnings: Akiji's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Akiji Makino
Chairman & CEO8.33yrsJP¥181.00m0.10%
¥ 2.1m
Hiroshi Majima
President6.5yrsno data0.017%
¥ 353.1k
Tetsuo Matsuo
Senior Executive Officer & Accounting Managerno datano datano data
Naoki Iwatani
Assistant GM of Integrated Energy Division9.33yrsno data0.028%
¥ 570.6k
Akira Ohta
Senior Managing Officer & Director9.33yrsno data0.021%
¥ 415.4k
Satoshi Watanabe
Senior Managing Officer & Directorno datano data0.014%
¥ 279.5k
Yasushi Sakai
Managing Officer4.5yrsno datano data
Makoto Horiguchi
VP & Director4.33yrsno data0.017%
¥ 345.4k
Takashi Kamekura
Managing Officer3.5yrsno datano data
Itaru Ookawa
Managing Officer & Director3.33yrsno data0.0086%
¥ 174.6k
Yasushi Onuki
Managing Officer1.75yrsno datano data
Hiroaki Hasegawa
Managing Officer1.75yrsno datano data

1.8yrs

Average Tenure

62yo

Average Age

Experienced Management: IWA's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Akiji Makino
Chairman & CEO8.33yrsJP¥181.00m0.10%
¥ 2.1m
Hiroshi Majima
President6.5yrsno data0.017%
¥ 353.1k
Naoki Iwatani
Assistant GM of Integrated Energy Division9.33yrsno data0.028%
¥ 570.6k
Akira Ohta
Senior Managing Officer & Director9.33yrsno data0.021%
¥ 415.4k
Satoshi Watanabe
Senior Managing Officer & Directorno datano data0.014%
¥ 279.5k
Makoto Horiguchi
VP & Director4.33yrsno data0.017%
¥ 345.4k
Itaru Ookawa
Managing Officer & Director3.33yrsno data0.0086%
¥ 174.6k
Yoshiharu Saita
Senior Managing Officer & Director0.75yrno datano data
Manabu Tsuyoshi
Managing Officer & Director0.75yrno datano data
Toshio Watanabe
Vice Chairman8.33yrsJP¥113.00m0.062%
¥ 1.3m
Shinji Murai
Independent Outside Director4.33yrsno data0.0056%
¥ 112.6k
Shosuke Mori
Independent Outside Director1.33yrsno datano data

4.3yrs

Average Tenure

65yo

Average Age

Experienced Board: IWA's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.8%.


Top Shareholders

Company Information

Iwatani Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Iwatani Corporation
  • Ticker: IWA
  • Exchange: DB
  • Founded: 1930
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: JP¥246.325b
  • Listing Market Cap: JP¥2.021b
  • Shares outstanding: 52.08m
  • Website: https://www.iwatani.co.jp

Number of Employees


Location

  • Iwatani Corporation
  • 6-4, Hommachi 3-chome
  • Chuo-ku
  • Osaka
  • 541-0053
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8088TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
IWAMUN (Boerse Muenchen)YesCommon StockDEEURJan 1992
IWTN.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992
IWADB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992

Biography

Iwatani Corporation supplies gases and energy in Japan, China, Taiwan, South Korea, Singapore, Thailand, Malaysia, Indonesia, Vietnam, the United States, and Australia. The company operates through four se ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 21:07
End of Day Share Price2020/10/28 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.