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 4,486,169 - -
Change - 31.23% 31.44% -1.52% 55.4% 22.32% - -
Enterprise Value (EV) 1 2,367,740 2,865,586 3,380,591 3,182,231 4,743,762 5,903,669 5,690,743 5,613,253
Change - 21.03% 17.97% -5.87% 49.07% 24.45% -3.61% -1.36%
P/E 6.51x 4.35x 6.63x 5.71x 9.45x 8.7x 9.29x 9.48x
PBR 0.44x 0.48x 0.58x 0.49x 0.77x 0.87x 0.82x 0.77x
PEG - 0x -0.6x 0.3x -2.25x 0.3x -1.46x -4.76x
Capitalization / Revenue 1.12x 0.78x 1.11x 1.04x 1.82x 1.99x 1.96x 2.02x
EV / Revenue 1.9x 1.23x 1.56x 1.4x 2.36x 2.62x 2.49x 2.53x
EV / EBITDA 2.98x 1.86x 2.46x 1.95x 3.19x 3.29x 3.38x 3.56x
EV / EBIT 4.01x 2.3x 3.01x 2.5x 4.18x 4.12x 4.29x 4.41x
EV / FCF 8.64x 12.7x 5.92x 9x 189x 50x 23.6x 25.7x
FCF Yield 11.6% 7.88% 16.9% 11.1% 0.53% 2% 4.24% 3.9%
Dividend per Share 2 48 62 74 86 100 114.6 117.4 122.7
Rate of return 4.79% 4.44% 3.89% 4.36% 3.2% 2.97% 3.04% 3.18%
EPS 2 153.9 320.7 287 345.3 330.8 443.5 415.4 407.1
Distribution rate 31.2% 19.3% 25.8% 24.9% 30.2% 25.8% 28.3% 30.1%
Net sales 1 1,244,369 2,324,660 2,165,702 2,265,837 2,011,351 2,254,834 2,284,915 2,220,544
EBITDA 1 793,841 1,538,968 1,374,129 1,631,019 1,486,812 1,791,812 1,685,682 1,578,602
EBIT 1 590,657 1,246,408 1,121,844 1,271,789 1,135,440 1,434,368 1,327,329 1,272,069
Net income 1 223,048 438,276 371,531 427,344 393,836 510,307 466,976 448,250
Net Debt 1 978,449 1,042,418 984,266 822,236 1,076,338 1,417,500 1,204,574 1,127,083
Reference price 2 1,002.00 1,396.00 1,904.50 1,970.50 3,127.00 3,860.00 3,860.00 3,860.00
Nbr of stocks (in thousands) 1,386,518 1,305,994 1,258,244 1,197,663 1,172,825 1,162,220 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.32x2.35x5.51x2.62% 156B
12.76x3.34x6.34x3.6% 102B
8.89x2.7x4.76x2.78% 78B
10.27x1.48x4.82x1.9% 60.03B
7.66x2.53x4.04x1.74% 59.78B
11.29x3.76x5.42x2.07% 58.81B
9.87x2.6x4.98x2.35% 55B
12.98x3.45x5.21x5.56% 44.73B
12.5x4.04x5.92x1.24% 33.24B
Average 10.95x 2.92x 5.22x 2.65% 71.98B
Weighted average by Cap. 11.11x 2.80x 5.30x 2.71%

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