Professional
Added to YB: 2024-06-25
Pitch date: 2024-06-24
8088.T [bullish]
Iwatani Corporation
-27.87%
current return
Author Info
Sweet Stocks is a former portfolio manager at an international small cap fund who shares pitches for international equities. Sign up for his blog.
Company Info
Iwatani Corporation engages in supplying gases and energy in Japan, China, Taiwan, South Korea, Singapore, Thailand, Malaysia, Indonesia, Vietnam, the United States, and Australia.
Market Cap
JPY 539.6B
Pitch Price
JPY 2.3K
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.56
P/E
11.39
EV/Sales
0.91
Sector
Oil, Gas and Consumable Fuels
Category
growth
Iwatani – much better than it looks
Iwatani (8088.T): Strong 11% CAGR profit growth over 23yrs, yet trades at low 9.8x P/E. Diversified in industrial gases, energy, materials. #1 in Japan LPG, growing helium/hydrogen. Cosmo Oil 20% stake accretive. Strong ROE, derating opportunity. Risks: low margins in Japan, uncertain hydrogen investments. PT: Upside if profit growth continues.
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