Today I will talk about ENEOS Holdings, a holding company of the ENEOS Group, which is well known as a factory - direct oil seller, that engages in oil and natural gas development business and energy business such as electric power and gas.
※The above images are from ENEOS Group’s website
In recent years, Japan's domestic oil sales companies have been integrated, and consolidated into three major companies.
Among them, ENEOS Group has the top market share in Japan, with about 50%.
I often see ENEOS branded gas stations while driving, so I have a strong impression of a community gas station. Due to the expansion of the scale through business integration, ENEOS Group is currently one of the largest domestic companies with annual sales of more than 10 trillion yen.
Also ENEOS is working on expanding the renewable energy business as a group.
￥388.4 （7/15 last closing price) The latest stock price← click here Trading unit: 100
The final month of the settlement: March
Dividend yield 5.66%
PER 31.23 PBR 0.54
Equity ratio 28.8%
In the previous fiscal year, their business results were in the red because they recorded an inventory valuation loss due to a fall in resource prices caused by the spread of Covid-19.
However, dividend have been paid out as planned, and it seems that their policy is to have a stable dividends.
In the future, they plan to work on a demonstration of a VPP (Virtual Power Plant ) that regulates supply and demand by bundling dispersed power sources using a storage battery.
Transition of business results
|
|
Net sales |
Operating profit |
Net profit |
Net profit per share |
dividend |
Dividend payout ratio |
|
2018.3 |
10,301,072 |
487,546 |
361,922 |
105.9 |
19 |
18% |
|
2019.3 |
11,129,630 |
537,083 |
322,319 |
95.4 |
21 |
22% |
|
2020.3 |
10,011,774 |
▲113,061 |
▲187,946 |
▲57.9 |
22 |
-% |
|
2021.3 |
7,340,000 |
110,000 |
40,000 |
12.4 |
22 |
177% |
※Unit of sales, operating profit, net income is one-million yen
※The figure for March 2021 is the predicted value
|
Cash flow statement |
2020.3 |
2019.3 |
|
CF operating activities |
5,107 |
3,441 |
|
CF investing activities |
▲3,713 |
▲2,069 |
|
CF financing activities |
▲1,198 |
▲1,966 |
※One unit is one hundred million yen
Note: You should be responsible for your own investment. Please make your own final judgment.