Company Valuation: Inpex Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,389,291 1,823,168 2,396,325 2,359,995 3,667,424 4,021,177 - -
Change - 31.23% 31.44% -1.52% 55.4% 9.65% - -
Enterprise Value (EV) 1 2,367,740 2,865,586 3,380,591 3,182,231 4,743,762 5,353,561 5,207,201 5,141,535
Change - 21.03% 17.97% -5.87% 49.07% 12.85% -2.73% -1.26%
P/E 6.51x 4.35x 6.63x 5.71x 9.45x 8.33x 8.36x 8.63x
PBR 0.44x 0.48x 0.58x 0.49x 0.77x 0.79x 0.74x 0.69x
PEG - 0x -0.6x 0.3x -2.25x 0.3x -19.61x -2.72x
Capitalization / Revenue 1.12x 0.78x 1.11x 1.04x 1.82x 1.68x 1.72x 1.78x
EV / Revenue 1.9x 1.23x 1.56x 1.4x 2.36x 2.23x 2.22x 2.27x
EV / EBITDA 2.98x 1.86x 2.46x 1.95x 3.19x 3.17x 3.14x 3.23x
EV / EBIT 4.01x 2.3x 3.01x 2.5x 4.18x 3.77x 3.86x 4.01x
EV / FCF 8.64x 12.7x 5.92x 9x 189x 18.1x 16.5x 17.1x
FCF Yield 11.6% 7.88% 16.9% 11.1% 0.53% 5.51% 6.07% 5.84%
Dividend per Share 2 48 62 74 86 100 110.7 117.9 123.2
Rate of return 4.79% 4.44% 3.89% 4.36% 3.2% 3.2% 3.41% 3.56%
EPS 2 153.9 320.7 287 345.3 330.8 415.6 413.8 400.7
Distribution rate 31.2% 19.3% 25.8% 24.9% 30.2% 26.6% 28.5% 30.7%
Net sales 1 1,244,369 2,324,660 2,165,702 2,265,837 2,011,351 2,398,307 2,343,587 2,263,675
EBITDA 1 793,841 1,538,968 1,374,129 1,631,019 1,486,812 1,686,353 1,660,782 1,593,814
EBIT 1 590,657 1,246,408 1,121,844 1,271,789 1,135,440 1,419,500 1,349,330 1,282,222
Net income 1 223,048 438,276 371,531 427,344 393,836 477,894 465,916 442,194
Net Debt 1 978,449 1,042,418 984,266 822,236 1,076,338 1,332,384 1,186,024 1,120,358
Reference price 2 1,002.00 1,396.00 1,904.50 1,970.50 3,127.00 3,460.00 3,460.00 3,460.00
Nbr of stocks (in thousands) 1,386,518 1,305,994 1,258,244 1,197,663 1,172,825 1,162,190 - -
Announcement Date 2/9/22 2/9/23 2/13/24 2/13/25 2/12/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.84x2.18x5.18x2.94% 140B
11.78x3.24x5.94x3.97% 93.27B
7.94x2.45x4.32x3.08% 70.41B
7.65x2.46x3.9x1.87% 53.52B
11.2x3.47x4.96x2.34% 52.23B
8.83x1.28x4.15x2.22% 51.07B
8.06x2.35x4.52x2.83% 48.55B
11.98x3.28x4.93x5.98% 42.62B
6.15x1.73x3.98x4.86% 33.52B
Average 9.49x 2.49x 4.65x 3.34% 65.04B
Weighted average by Cap. 10.03x 2.51x 4.83x 3.23%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield