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ENEOS Holdings (JP:5020)
:5020
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ENEOS Holdings
(5020)
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Rating:62Neutral
Price Target:
¥971.00
▼(-3.62% Downside)
ENEOS Holdings' overall stock score is driven by strong technical indicators and a stable valuation, despite challenges in financial performance. The stock shows bullish momentum with prices above key moving averages and positive MACD, although RSI and Stochastic suggest caution due to overbought conditions. The valuation is reasonable with a moderate P/E ratio and a decent dividend yield. Financial performance is a concern due to declining revenue and profitability, but cash flow and balance sheet stability provide some resilience.
ENEOS Holdings (5020) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.64T
Dividend Yield2.87%
Average Volume (3M)8.10M
Price to Earnings (P/E)20.5
Beta (1Y)1.04
Revenue Growth-12.88%
EPS Growth-55.89%
CountryJP
Employees43,683
SectorEnergy
Sector Strength52
IndustryOil & Gas Refining & Marketing
Share Statistics
EPS (TTM)-5.40
Shares Outstanding2,706,766,600
10 Day Avg. Volume7,609,450
30 Day Avg. Volume8,103,973
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
¥1,116.92Price Target Upside10.86% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
ENEOS Holdings Business Overview & Revenue Model
Company DescriptionENEOS Holdings, Inc. (Ticker: 5020) is a leading integrated energy company based in Japan. It operates in various sectors including oil and gas exploration, refining, and distribution, as well as renewable energy solutions. The company is known for its extensive portfolio of products, including petroleum fuels, lubricants, and petrochemical products, catering to both domestic and international markets. ENEOS also invests in renewable energy initiatives and aims to enhance its sustainability practices in response to the global energy transition.
How the Company Makes MoneyENEOS 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 the sale of petrochemical products and lubricants. A significant revenue stream also comes from its exploration and production activities in oil and gas fields. ENEOS has formed strategic partnerships with various companies to enhance its operational efficiency and expand its market reach. Furthermore, the company's investment in renewable energy projects and technologies is expected to contribute to its future revenue growth as the demand for sustainable energy solutions increases.
ENEOS Holdings Earnings Call Summary
Earnings Call Date:Aug 08, 2025
(Q2-2024)
| % Change Since: |
Next Earnings Date:Nov 12, 2025
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.Q2-2024 Updates
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.
Upward Revision of Operating Income Forecast
The operating income forecast for the full year was revised upward by JPY 80 billion to JPY 420 billion, with operating income excluding inventory valuation expected to rise by JPY 30 billion.
Improvement in UCL and Capacity Loss
UCL performance improved by 3% from the previous year, achieving an 8% UCL rate, and significant improvements were made in facility maintenance.
Profits in Renewable Energy
Profits in the renewable energy sector increased by JPY 7.3 billion due to an increase in power generation capacity and ForEx gains from asset sales.
Free Cash Flow Increase
Free cash flow was JPY 326.7 billion, with a net cash inflow of JPY 255.2 billion, reflecting a decrease in net interest-bearing debt by JPY 270.4 billion from the end of the previous year.
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.
Decrease in Metals Business Income
Operating income for the Metals business was JPY 72.1 billion, down JPY 8.9 billion from the previous year, largely due to decreased sales of semiconductor and ICT materials.
Expected Drop in Second Half Net Income
Net income for the second half is expected to drop to JPY 100.9 billion from JPY 269.1 billion in the first half due to a negative time lag and increased expenses like fixed asset taxes.
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
ENEOS Holdings faces challenges with declining revenue and profitability, as evidenced by negative net income and low margins. However, the company maintains a stable balance sheet with moderate leverage and a reasonable equity ratio. Cash flow performance is a positive aspect, with significant growth in free cash flow, indicating effective cash management. Overall, while there are areas of concern, particularly in profitability, the company shows resilience in cash flow and balance sheet stability.Income Statement
ENEOS Holdings has experienced a decline in revenue over the TTM period, with a negative revenue growth rate of -2.41%. The company also reported a negative net profit margin of -0.83% in the TTM, indicating a loss. However, the gross profit margin remains positive at 7.70%, suggesting some level of operational efficiency. The EBIT and EBITDA margins are low, reflecting challenges in maintaining profitability.Balance Sheet
The company's debt-to-equity ratio stands at 0.90, indicating a moderate level of leverage. The return on equity is negative at -3.20% in the TTM, reflecting the net loss. However, the equity ratio is 34.94%, showing a reasonable proportion of equity financing. The balance sheet shows stability but highlights the need for improved profitability.Cash Flow
ENEOS Holdings has shown a significant improvement in free cash flow growth at 47.02% in the TTM. The operating cash flow to net income ratio is 0.27, indicating a positive cash generation relative to net income. The free cash flow to net income ratio is 0.62, suggesting effective cash management despite the net loss.| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.03T | 12.32T | 13.86T | 15.02T | 10.92T | 7.66T |
| Gross Profit | 925.77B | 1.10T | 1.34T | 1.21T | 1.58T | 1.08T |
| EBITDA | 275.17B | 120.15B | 829.62B | 650.45B | 1.04T | 591.55B |
| Net Income | -99.66B | 226.07B | 288.12B | 143.77B | 537.12B | 114.00B |
Balance Sheet | ||||||
| Total Assets | 8.62T | 8.79T | 10.14T | 9.95T | 9.65T | 8.06T |
| Cash, Cash Equivalents and Short-Term Investments | 853.71B | 846.56B | 775.91B | 414.04B | 547.27B | 417.72B |
| Total Debt | 2.71T | 2.68T | 3.27T | 3.56T | 3.22T | 2.54T |
| Total Liabilities | 5.27T | 5.32T | 6.43T | 6.67T | 6.41T | 5.31T |
| Stockholders Equity | 3.01T | 3.10T | 3.23T | 2.86T | 2.86T | 2.33T |
Cash Flow | ||||||
| Free Cash Flow | 432.26B | 294.01B | 681.87B | -428.98B | -46.01B | 420.04B |
| Operating Cash Flow | 695.52B | 576.84B | 1.01T | -110.25B | 209.51B | 679.09B |
| Investing Cash Flow | 204.16B | 130.76B | -238.20B | -115.93B | -349.93B | -306.79B |
| Financing Cash Flow | -684.42B | -631.19B | -331.03B | -13.32B | 226.05B | -355.08B |
ENEOS Holdings Technical Analysis
Positive
1007.50
Price Trends
925.99
Positive
843.39
Positive
786.90
Positive
Market Momentum
18.59
Negative
66.64
Neutral
81.07
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5020, the sentiment is Positive. The current price of 1007.5 is above the 20-day moving average (MA) of 952.84, above the 50-day MA of 925.99, and above the 200-day MA of 786.90, indicating a bullish trend. The MACD of 18.59 indicates Negative momentum. The RSI at 66.64 is Neutral, neither overbought nor oversold. The STOCH value of 81.07 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | ¥119.01B | 9.80 | ― | 2.60% | 7.46% | 153.98% | |
70 Outperform | ¥130.53B | 17.95 | ― | 4.86% | -0.29% | -34.41% | |
67 Neutral | ¥65.36B | 21.46 | ― | 1.37% | -6.97% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | ¥205.22B | 12.68 | ― | 3.40% | -4.87% | 26.27% | |
63 Neutral | $1.40T | 110.05 | 0.82% | 3.29% | -4.23% | -95.01% | |
62 Neutral | ¥2.64T | 20.48 | -3.19% | 2.87% | -12.88% | -55.89% |
* Energy Sector Average
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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.