ENEOS Holdings (JP:5020)
:5020
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ENEOS Holdings
(5020)
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Rating:56Neutral
Price Target:
¥1,372.00
▲(1.89% Upside)
Action:ReiteratedDate:03/05/26
The score is held back mainly by weak TTM profitability (net loss and margin compression), while supportive cash generation and improved leverage provide stability. Technicals add moderate support via positive momentum and an uptrend versus longer-term moving averages, and valuation is reasonable with a moderate P/E and modest dividend yield.
Positive Factors
Manageable leverage / balance-sheet stability
Debt-to-equity below 1.0 and a sizable equity base provide durable financial flexibility for an integrated energy group. This reduces refinancing risk, supports capex and working-capital needs through commodity cycles, and preserves options for strategic investment over months.
Negative Factors
TTM profitability deterioration
A swing to a TTM net loss despite positive operating profit signals non-operating hits or one-off charges and compressed margins. Persistent negative net income undermines retained earnings, pressures return metrics and constrains strategic reinvestment and shareholder returns over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage / balance-sheet stability
Debt-to-equity below 1.0 and a sizable equity base provide durable financial flexibility for an integrated energy group. This reduces refinancing risk, supports capex and working-capital needs through commodity cycles, and preserves options for strategic investment over months.
Read all positive factors
ENEOS Holdings (5020) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥3.63T
Dividend Yield2.74%
Average Volume (3M)8.65M
Price to Earnings (P/E)11.5
Beta (1Y)1.06
Revenue Growth-14.13%
EPS Growth33.18%
CountryJP
Employees43,683
SectorEnergy
Sector Strength52
IndustryOil & Gas Refining & Marketing
Share Statistics
EPS (TTM)23.97
Shares Outstanding2,706,766,600
10 Day Avg. Volume9,657,770
30 Day Avg. Volume8,652,513
Financial Highlights & Ratios
PEG Ratio-0.60
Price to Book (P/B)0.71
Price to Sales (P/S)0.18
P/FCF Ratio7.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥1,433.13Price Target Upside6.43% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)69.32
Revenue Forecast (FY)¥11.47T
ENEOS Holdings Business Overview & Revenue Model
Company Description
ENEOS Holdings, Inc., through its subsidiaries, engages in the energy, oil and natural gas exploration and production (E&P), and metals businesses Japan, China, and internationally. The company operates through Energy, Oil and Natural Gas E&P, Met...
How the Company Makes Money
ENEOS Holdings generates revenue primarily through the refining and sale of petroleum products, including gasoline, diesel, and jet fuel, which are distributed across domestic and international markets. Additionally, the company earns income from ...
ENEOS Holdings Earnings Call Summary
Earnings Call Date:Nov 13, 2024
(Q2-2024)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Positive
The earnings call highlights strong performance in the Energy segment and an upward revision of the operating income forecast, alongside improvements in cash flow and renewable energy profits. However, challenges remain in the oil and natural gas E&P and Metals segments, with expected declines in second-half net income.Positive Updates
Energy Segment Profit Increase
The Energy segment saw a significant increase in profit, resulting in a group consolidated profit increase of JPY 152.5 billion. This was due to improved margins, including chemicals and improved selling prices in the electricity business.
Negative Updates
Decline in Oil and Natural Gas E&P Business
Operating income for the oil and natural gas E&P business decreased by JPY 8.7 billion year-on-year due to a decline in resource prices.
Read all updates
Q2-2024 Updates
Positive
Negative
Energy Segment Profit Increase
The Energy segment saw a significant increase in profit, resulting in a group consolidated profit increase of JPY 152.5 billion. This was due to improved margins, including chemicals and improved selling prices in the electricity business.
Read all positive updates
Company Guidance
During the second quarter earnings call for fiscal 2024, ENEOS Group executives reported several key metrics and guidance. Operating income decreased by JPY 103.3 billion to JPY 291.5 billion due to reduced inventory impact from crude oil price fluctuations. Despite this, the energy segment showed significant profit growth, contributing to a JPY 152.5 billion increase in consolidated group profits. Forecasts for the full year have been revised, with expected operating income of JPY 420 billion, up by JPY 80 billion, and operating income excluding inventory valuation projected at JPY 370 billion, an increase of JPY 30 billion. Net income is anticipated to reach JPY 200 billion, revised upward by JPY 20 billion. Additionally, the company highlighted progress in business process reengineering and energy transition efforts, aiming for improved returns on equity (ROE) and an enhanced management structure.ENEOS Holdings Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
55
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.44T | 12.32T | 13.86T | 15.02T | 10.92T | 7.66T |
| Gross Profit | 962.25B | 1.10T | 1.34T | 1.21T | 1.58T | 1.08T |
| EBITDA | 566.03B | 627.48B | 735.34B | 626.29B | 1.00T | 605.99B |
| Net Income | 184.62B | 226.07B | 288.12B | 143.77B | 537.12B | 114.00B |
Balance Sheet | ||||||
| Total Assets | 9.03T | 8.79T | 10.14T | 9.95T | 9.65T | 8.06T |
| Cash, Cash Equivalents and Short-Term Investments | 775.38B | 846.56B | 775.91B | 311.52B | 547.27B | 417.72B |
| Total Debt | 2.98T | 2.96T | 3.55T | 3.94T | 3.63T | 2.97T |
| Total Liabilities | 5.47T | 5.32T | 6.43T | 6.67T | 6.41T | 5.31T |
| Stockholders Equity | 3.19T | 3.10T | 3.23T | 2.86T | 2.86T | 2.33T |
Cash Flow | ||||||
| Free Cash Flow | 492.17B | 294.01B | 681.87B | -428.98B | -46.01B | 420.04B |
| Operating Cash Flow | 724.01B | 576.84B | 1.01T | -110.25B | 209.51B | 679.09B |
| Investing Cash Flow | 179.58B | 131.54B | -238.20B | -113.55B | -310.93B | -306.79B |
| Financing Cash Flow | -651.77B | -631.19B | -333.81B | -15.70B | 187.05B | -355.08B |
ENEOS Holdings Technical Analysis
Neutral
1346.50
Price Trends
1359.81
Negative
1214.15
Positive
1019.85
Positive
Market Momentum
-8.51
Positive
47.54
Neutral
30.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5020, the sentiment is Neutral. The current price of 1346.5 is below the 20-day moving average (MA) of 1389.30, below the 50-day MA of 1359.81, and above the 200-day MA of 1019.85, indicating a neutral trend. The MACD of -8.51 indicates Positive momentum. The RSI at 47.54 is Neutral, neither overbought nor oversold. The STOCH value of 30.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:5020.
ENEOS Holdings Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥127.24B | 17.49 | ― | 2.57% | 7.46% | 153.98% | |
73 Outperform | ¥22.93B | 20.21 | ― | 4.50% | 13.76% | 13.58% | |
68 Neutral | ¥1.81T | 21.95 | 2.23% | 3.07% | -7.68% | -73.03% | |
67 Neutral | ¥74.24B | 32.15 | ― | 1.37% | -5.02% | 186.97% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | ¥218.65B | 12.70 | ― | 3.45% | -4.87% | 26.27% | |
56 Neutral | ¥3.63T | 11.54 | -0.15% | 2.74% | -14.13% | 33.18% |
* Energy Sector Average
JP:5020
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ENEOS Holdings Corporate Events
ENEOS outlines FY2025 Q3 results and strategy progress
Feb 13, 2026
ENEOS Group has released headline information indicating it has announced its financial results for the third quarter of fiscal year 2025. The agenda for this disclosure covers highlights of the results, progress under its fourth medium-term manag...
ENEOS Lifts Profit Outlook and Dividend Despite Lower Revenue in Q3 FY2025
Feb 13, 2026
ENEOS Holdings reported third-quarter fiscal 2025 revenue of ¥8.72 trillion, down 4% year-on-year, while operating profit rose 26.6% to ¥270.8 billion and profit before tax climbed 28.1%. Profit attributable to owners fell 24.3% to ¥...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.