Itochu Enex Co (96P) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Itochu Enex Co €11.13, price €12.40, upside -10.2%, quality 59 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
In Frankfurt, only 3 of the last 21 trading days (30 days) had any turnover. On the other days the price is an indicative quote without trading, so we do not list this stock in the radar. It stays reachable through search.
IEBroad dataSep 30, 2026
Itochu Enex Co
96P · F
Overvalued / MonitorQuality is not strong enough to offset the price risk.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 30, 2026.
How to read this chart
60‑month range €6.02 – €13.70 · fair‑value band €8.35 – €13.91 · the €12.40 price screens above the €11.13 fair value. Dashed = 300-day average. As of Sep 30, 2026.
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Itochu Enex Co.,Ltd. engages in the sale of petroleum products, liquefied petroleum gas (LPG), industrial gas, electricity, heat, and vehicles in Japan and internationally. The company operates through four segments: Car Life Business, Home Life Business, Industrial Business, and Power and Utility Business.
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Itochu Enex Co.,Ltd. engages in the sale of petroleum products, liquefied petroleum gas (LPG), industrial gas, electricity, heat, and vehicles in Japan and internationally. The company operates through four segments: Car Life Business, Home Life Business, Industrial Business, and Power and Utility Business. The Car Life Business segment offers gasoline, kerosene, diesel oil, heavy oil, electric power, automotive retailing, living and automotive products/services, vehicle maintenance management services, and auto auctions. The Industrial Business segment provides asphalt, marine fuel, import/export of petroleum products, terminal tank rental, fleet card, industrial gas, pressure inspection for gas containers, AdBlue, renewable fuel, gas to liquids (GTL), energy service business, and polychlorinated biphenyl (PCB) disposal. The Power and Utility Business segment engages in electric power generation from solar power, hydroelectric power, coal-fired thermal power, and natural gas-fired thermal power; electric power sales and supply; asset management business; steam, district heating, cooling, and electric heat supply; and car rental and car sharing operations. The Home Life Business segment is involved in the sale of LPG, kerosene, city gas, electric power, household equipment, and smart energy devices. The company was incorporated in 1961 and is headquartered in Tokyo, Japan. Itochu Enex Co.,Ltd. operates as a subsidiary of ITOCHU Corporation.
Stock analysis
Itochu Enex Co (96P) currently trades at €12.40, while our model-based Fair Value estimate is €11.13, 10.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €16.33 per share, and 6 of the 12 models we run sit above the €12.40 price.
Bear case: the Dividend Discount group reads lowest at €3.07, and 6 of the 12 models stay below the price. Evidence for this calculation is high.
Scenario range: €8.35 (bear) to €13.91 (bull), the price of €12.40 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 59/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Itochu Enex Co reported revenue of ¥851B in FY2026 versus ¥936B in FY2022, a compound −2.4%/yr. Reported net income was ¥16.1B in FY2026, compounding +5.0%/yr from FY2022.
Key figures
Market cap €1.4B · P/E ratio 15.7 · P/S ratio 0.30 · EPS (TTM) €0.7900 · Dividend yield 2.8% · Net margin 1.9% · Return on equity 11.7% · Return on assets (EBIT) 5.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 9% below its 52-week high and 31% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −16% fair-value upside, at −10%, 96P screens cheaper than that median.
Fair Value models
Bear €8.35Fair Value €11.13Bull €13.91
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−7.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−5.6%
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in JPY ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in JPY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+6.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.0%
Dividend (yield on the price)2.8%
Profit margin 2022 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.2% → 3%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−7.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about −9.7% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Conglomerates · 358 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score59 · Top 25%
Fair Value upside−10.2% · Below median
Profitability
Return on equity (TTM)11.7% · Above median
Return on assets4.0% · Above median
Net margin (TTM)2.5% · Below median
Operating margin (TTM)4.2% · Below median
Growth and dividend
Revenue growth17.5% · Above median
Dividend yield (TTM)2.8% · Above median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Conglomerates median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Itochu Enex Co Fair Value". https://www.fairvalue-calculator.com/stock/96P
Frequently asked questions
Is Itochu Enex Co (96P) overvalued or undervalued?
As of Sep 30, 2026, our model estimates a fair value of €11.13 versus a price of €12.40, about −10% upside (overvalued).
What is the fair value of 96P?
Our model-based fair value for Itochu Enex Co is €11.13 (as of Sep 30, 2026), built from audited fundamentals. The current price: €12.40.
What is the quality score of 96P?
Itochu Enex Co has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Itochu Enex Co (96P)?
Our model-based price target is the fair value of €11.13 (as of Sep 30, 2026) from 12 valuation models. Cautious scenario €8.35, optimistic scenario €13.91. It is a calculation from audited fundamentals, not an analyst target.
What is the Itochu Enex Co stock forecast for 2026?
Our models put fair value at €11.13, about −10% upside versus a price of €12.40 (overvalued). Cautious scenario €8.35, optimistic scenario €13.91. The calculation is refreshed regularly with new filings.
What is the revenue of Itochu Enex Co (96P)?
Itochu Enex Co reported trailing-twelve-month revenue of about ¥887B (latest available figure, as of Sep 30, 2026).
Does Itochu Enex Co pay a dividend?
Itochu Enex Co currently shows a dividend yield of about 2.82% relative to its recent price (as of Sep 30, 2026).
What growth is priced into Itochu Enex Co (96P)?
For today's price to be fair in a discounted-cash-flow model, Itochu Enex Co would have to grow free cash flow by -7.8 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew -2.4 % per year. As of Sep 30, 2026.
What discount rate (WACC) does the fair value of 96P use?
Our models discount Itochu Enex Co at 9.6 %: a base by market capitalisation (small), damped by beta 0.16, country premium for Germany. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Itochu Enex Co that is -7.8 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Itochu Enex Co (96P) delivered so far?
Over the past 4 years revenue at Itochu Enex Co grew -2.4 % a year. The price currently implies -7.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Itochu Enex Co (96P) growing?
The median revenue growth in the sector is +9.6 % a year. That is the yardstick for the growth priced into Itochu Enex Co (-7.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Itochu Enex Co (96P)?
The free-cash-flow yield on the price is 11.91 %: that much free cash flow Itochu Enex Co produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Itochu Enex Co (96P)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Itochu Enex Co it is €11.13 per share (as of Sep 30, 2026), against a price of €12.40. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Itochu Enex Co stock overvalued or undervalued in 2026?
As of Sep 30, 2026, 96P trades above its calculated fair value: price €12.40, fair value €11.13, a gap of about −10% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 96P?
No. The price is what the market pays today (€12.40); the fair value is what the company's own numbers justify (€11.13). For Itochu Enex Co the two are €1.27 per share apart. That gap is exactly why we show both numbers side by side.
How much is Itochu Enex Co worth?
The market values Itochu Enex Co at about €1.4B (market capitalisation, as of Sep 30, 2026). Per share that is €12.40; our models calculate a fair value of €11.13 per share.
What do the bullish and bearish scenarios say about 96P?
Our models span a range for Itochu Enex Co: cautious scenario €8.35, base €11.13, optimistic €13.91 per share (as of Sep 30, 2026, price €12.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 96P?
Itochu Enex Co trades at a price-to-earnings ratio of 15.7 (as of Sep 30, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €11.13 is built from several models across several years. Other multiples: P/B 1.4, P/S 0.3, EV/EBITDA 4.7.
How solid is the balance sheet of Itochu Enex Co (96P)?
Balance-sheet figures for Itochu Enex Co (as of Sep 30, 2026): return on equity 11.7%, debt of 0.01 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 96P from its 52-week high?
Itochu Enex Co trades at €12.40, about 9% below its 52-week high of €13.70 and 31% above the low of €9.45 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of €11.13 is for.
Which stocks are comparable to Itochu Enex Co?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, CITIC Limited, Swire Pacific Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Itochu Enex Co stock attractive at the current price?
The data as of Sep 30, 2026: price €12.40, calculated fair value €11.13 (−10%), Quality Score 59/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 96P calculated?
We run Itochu Enex Co through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €11.13, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Itochu Enex Co itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Itochu Enex Co (96P)?
The closing price on Oct 1, 2026 was €12.40. Our model-based fair value is €11.13, about −10% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Itochu Enex Co right now?
The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Itochu Enex Co
How large is the market capitalisation of Itochu Enex Co (96P)?
The market capitalisation of Itochu Enex Co is €1.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Itochu Enex Co (96P)?
The price-to-sales ratio of Itochu Enex Co is 0.30 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Itochu Enex Co (96P)?
Earnings per share at Itochu Enex Co are €0.7900 (price ÷ EPS = P/E 15.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Itochu Enex Co (96P)?
The dividend yield of Itochu Enex Co is 2.8% (payout 44.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Itochu Enex Co (96P)?
The net margin of Itochu Enex Co is 1.9% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Itochu Enex Co (96P)?
The return on equity (ROE) of Itochu Enex Co is 11.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Itochu Enex Co (96P)?
On an EBIT basis the return on assets of Itochu Enex Co is 5.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Itochu Enex Co (96P)?
The operating margin of Itochu Enex Co is 4.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Itochu Enex Co (96P)?
Revenue at Itochu Enex Co is growing +17.5% versus a year earlier (3y avg −5.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Itochu Enex Co (96P)?
Earnings per share at Itochu Enex Co are growing +159% versus a year earlier. How much earnings per share grew versus a year earlier.
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