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Iwatani Corporation (IWTNF) Fair Value & Analysis

Industrials · US · Market cap $2.8B

IC Iwatani Corporation logo Iwatani Corporation IWTNF · US
Price$12.45
Fair Value$18.39
Upside+47.7%
Quality42/100
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Mixed Growth
Thin margins · 5.3% net margin
Low debt · generates free cash flow
2.48% dividend yield
Ranks above peers (9/11)
Narrow moat 42/100
Evidence: High Range $11.01 – $27.22 Share as image

Fair value as of: Aug 13, 2026

From 10 valuation models · updated today

Fair value updated Aug 13, 2026, revised from $21.61 to $18.39 (−14.9%) since Jul 26, 2026. Share price +3.7% over the past month.

Below-average quality, screening 48% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain.
  • A fairly wide model range ($11.01 to $27.22) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$13.80 $7.75 Fair Value $18.39 Sep 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 13, 2026.

How to read this chart

60‑month range $7.75 – $13.80 · fair‑value band $11.01 – $27.22 · the $12.45 price screens below the $18.39 fair value. As of Aug 13, 2026.

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Analysis

Iwatani Corporation (IWTNF) currently trades at $12.45, while our model-based Fair Value estimate is $18.39, implying the stock looks roughly 47.7% undervalued today. The Quality Score stands at 42/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Iwatani Corporation generated revenue of $909B at a net margin of 5.3%. Revenue grew 3.4% year over year. It earns a return on equity of 11.6%. Net debt stands at $221B. Fundamentals as of Aug 13, 2026

Our scenario range runs from $11.01 (bear case) to $27.22 (bull case); at $12.45, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 8% below its 52-week high and 22% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 11% fair-value upside, at 48%, IWTNF screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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. Evidence
Highest evidence
Growth DCF $224.31 $551.10 $971.90 80
Rev-Margin DCF $519.20 $1,215 $1,941 74
P/E Multiple $3,282 $4,376 $5,470 63
All 10 models by family
DCF Models
Owner Earnings $1,174 $1,899 $2,870 31
5Y P/E Exit $1,408 $2,765 $4,103 38
10Y P/E Exit $925.10 $1,944 $3,071 35
Earnings-Based
Graham-Dodd $1,417 $3,016 $3,826 54
Multiples
P/E Multiple $3,282 $4,376 $5,470 63
P/B Multiple $2,657 $3,543 $4,428 55
Asset-Based
NCAV (Graham) $955.46 $1,280 $1,911 50
Growth DCF
Growth DCF $224.31 $551.10 $971.90 80
Rev-Margin DCF $519.20 $1,215 $1,941 74
Economic Profit
Residual Income $1,694 $1,903 $3,157 61

Widest divergence: Multiples ($3,543) versus Growth DCF ($551.10). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $909B
Revenue growth (YoY) +3.4%
Net margin 5.3%
Return on equity 11.6%
Free cash flow $20.9B FY2026
P/E ratio 9.7
More key figures
Operating margin 6.7%
EPS (TTM) $1.29
Dividend yield 2.5%
EPS growth (YoY) +73.1%
Net debt $221B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 43 · Market factors (momentum, volatility) 57

Profitability 47
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 27
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 55
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 79
Distance to the 52-week high (market factor)
Net Issuance 40
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Iwatani Corporation engages in supplying gases and energy in Japan, China, Taiwan, South Korea, Singapore, Thailand, Malaysia, Indonesia, Vietnam, the United States, and Australia. It operates through four segments: Integrated Energy, Industrial Gases & Machinery, and Materials.

Full company description

Iwatani Corporation engages in supplying gases and energy in Japan, China, Taiwan, South Korea, Singapore, Thailand, Malaysia, Indonesia, Vietnam, the United States, and Australia. It operates through four segments: Integrated Energy, Industrial Gases & Machinery, and Materials. The Integrated Energy segment offers LPG for household, commercial, and industrial use; LPG-supply equipment and facilities; LNG; petroleum products; household kitchen appliances; and home energy components, Ene farm, GHP, daily necessities, portable gas cooking stoves, cassette gas canisters, mineral water, health foods, and electricity. The Industrial Gases & Machinery segment provides air separation gases, hydrogen, helium, other specialty gases, gas supply facilities, welding materials, welding and cutting equipment, industrial robots, pumps and compressors, disaster prevention equipment, and high-pressure gas containers; and semiconductor manufacturing equipment, electronic component manufacturing equipment, factory automation systems, machine tools and sheet metal machinery, and environmental equipment, as well as operates facilities for hydrogen stations. The Materials segment provides PET resins, biomass fuels, battery-related and semiconductor materials, electronic display films, mineral sand, rare earth, ceramics materials, stainless steels, and non-ferrous metals. Iwatani Corporation was founded in 1930 and is headquartered in Osaka, Japan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Iwatani Corporation reported revenue of $914B in FY2026 versus $690B in FY2022, a compound +7.3%/yr. Reported net income was $48.0B in FY2026, compounding +12.5%/yr from FY2022.

Growth Quality 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
$914B
Latest YoY
+3.5%
Avg. growth/yr (3Y) 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.
+0.3%
Avg. growth/yr (5Y) 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.
+7.5%
Avg. growth/yr (21Y) 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.
+2.2%
Revenue +7.3%/yr
FY22 $690B
FY23 $906B
FY24 $848B
FY25 $883B
FY26 $914B
Net income +12.5%/yr
FY22 $30.0B
FY23 $32.0B
FY24 $47.4B
FY25 $40.4B
FY26 $48.0B
Character of growth · EPS growth decomposed (2015-2026) +2.0 % p.a.
Revenue per share −9.0 pp

of which total revenue +3.8 pp · buybacks/dilution −12.7 pp

EBIT margin +6.2 pp
Tax rate +1.3 pp
Residual (interest, one-offs) +3.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Iwatani Corporation Fair Value". https://www.fairvalue-calculator.com/stock/IWTNF

Peer Group

Conglomerates · 385 stocks

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.

Quality Score 42 · Below median
Fair Value upside +48% · Above median
Return on equity (TTM) 12% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth 3% · Above median
Dividend yield (TTM) 2.5% · Above median
Debt / equity 0.43× · Higher than median

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 9.7× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 97 · sector 27
FUTURE 17 · sector 17
PAST 46 · sector 18
HEALTH 78 · sector 89
DIVIDEND 50 · sector 39

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is Iwatani Corporation (IWTNF) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $18.39 versus a price of $12.45, about +48% (undervalued).
What is the fair value of IWTNF?
Our model-based fair value for Iwatani Corporation is $18.39 (as of Aug 13, 2026), built from audited fundamentals. The current price is $12.45.
What is the quality score of IWTNF?
Iwatani Corporation has a Quality Score of 42/100. 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 revenue of Iwatani Corporation (IWTNF)?
Iwatani Corporation reported trailing-twelve-month revenue of about $909B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of IWTNF?
The net profit margin of Iwatani Corporation is about 5.3%, meaning it keeps roughly 5.3% of revenue as net income. Based on the latest reported figures.
Does Iwatani Corporation pay a dividend?
Iwatani Corporation currently shows a dividend yield of about 2.48% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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