SHIKOKU ELECTRIC POWER COMPANY, INCORPORATED Financials Shikoku Electric Power Company, Incorporated
Equities
9507
JP3350800003
Electric Utilities
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,180 JPY | -1.67% |
|
-2.68% | +16.43% |
| Apr. 17 | Earthquake jolts southern Japan's Ehime, Kochi prefectures | RE |
| Mar. 07 | Japan court rejects bid to halt active Shikoku nuclear reactor, NHK reports | RE |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 277,581 | 175,687 | 176,923 | 162,112 | 154,854 | 242,686 | - | - |
| Enterprise Value (EV) 1 | 839,607 | 839,684 | 885,591 | 951,917 | 999,872 | 246,491 | 1,041,507 | 1,042,871 |
| P/E ratio | 16.3 x | 9.71 x | 59 x | -25.9 x | -6.74 x | 4.07 x | 9.04 x | 8.7 x |
| Yield | 2.23% | 3.51% | 3.49% | 3.81% | - | 2.5% | 3.07% | 3.6% |
| Capitalization / Revenue | 0.38 x | 0.24 x | 0.25 x | 0.25 x | 0.19 x | 0.31 x | 0.3 x | 0.3 x |
| EV / Revenue | 1.14 x | 1.15 x | 1.23 x | 1.48 x | 1.2 x | 0.31 x | 1.3 x | 1.29 x |
| EV / EBITDA | 9.27 x | 9.23 x | 13.6 x | 19.3 x | 24.9 x | 7.86 x | 9.84 x | 9.65 x |
| EV / FCF | -30.1 x | 114 x | -26.4 x | -12.6 x | - | 20.5 x | 48.6 x | 53.6 x |
| FCF Yield | -3.32% | 0.88% | -3.79% | -7.91% | - | 4.89% | 2.06% | 1.87% |
| Price to Book | 0.87 x | 0.54 x | 0.54 x | 0.52 x | 0.52 x | 0.68 x | 0.67 x | 0.64 x |
| Nbr of stocks (in thousands) | 205,921 | 205,723 | 205,724 | 205,726 | 205,649 | 205,666 | - | - |
| Reference price 2 | 1,348 | 854.0 | 860.0 | 788.0 | 753.0 | 1,180 | 1,180 | 1,180 |
| Announcement Date | 4/26/19 | 4/28/20 | 4/28/21 | 4/27/22 | 4/27/23 | 4/26/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 737,274 | 733,187 | 719,231 | 641,948 | 833,203 | 787,403 | 803,450 | 806,900 |
| EBITDA 1 | 90,612 | 90,971 | 65,049 | 49,208 | 40,198 | 131,600 | 105,850 | 108,050 |
| EBIT 1 | 25,729 | 31,288 | 6,456 | -13,517 | -12,287 | 78,526 | 38,100 | 39,225 |
| Operating Margin | 3.49% | 4.27% | 0.9% | -2.11% | -1.47% | 9.97% | 4.74% | 4.86% |
| Earnings before Tax (EBT) 1 | 25,145 | 26,180 | 5,188 | -7,091 | -21,670 | 80,496 | 35,767 | 37,633 |
| Net income 1 | 16,995 | 18,092 | 2,999 | -6,262 | -22,993 | 60,515 | 26,850 | 27,875 |
| Net margin | 2.31% | 2.47% | 0.42% | -0.98% | -2.76% | 7.69% | 3.34% | 3.45% |
| EPS 2 | 82.53 | 87.92 | 14.58 | -30.44 | -111.8 | 294.2 | 130.6 | 135.6 |
| Free Cash Flow 1 | -27,893 | 7,367 | -33,549 | -75,261 | - | 50,500 | 21,450 | 19,450 |
| FCF margin | -3.78% | 1% | -4.66% | -11.72% | - | 6.27% | 2.67% | 2.41% |
| FCF Conversion (EBITDA) | - | 8.1% | - | - | - | 38.37% | 20.26% | 18% |
| FCF Conversion (Net income) | - | 40.72% | - | - | - | 115.96% | 79.89% | 69.78% |
| Dividend per Share 2 | 30.00 | 30.00 | 30.00 | 30.00 | - | 30.00 | 36.25 | 42.50 |
| Announcement Date | 4/26/19 | 4/28/20 | 4/28/21 | 4/27/22 | 4/27/23 | 4/26/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 373,234 | 351,083 | 152,463 | 270,241 | 162,778 | 208,929 | 166,678 | 235,444 | 402,122 | 202,540 | 228,541 | 181,086 | 219,771 | 400,857 | 177,269 | 209,277 | 168,700 | 206,900 | 203,900 | 211,300 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 33,612 | 19,208 | 4,661 | 1,198 | -15,795 | 1,080 | 2,839 | 7,720 | 10,559 | -11,361 | -11,485 | 16,660 | 48,790 | 65,450 | 13,125 | -49 | 13,200 | 17,300 | 8,200 | 3,200 |
| Operating Margin | 9.01% | 5.47% | 3.06% | 0.44% | -9.7% | 0.52% | 1.7% | 3.28% | 2.63% | -5.61% | -5.03% | 9.2% | 22.2% | 16.33% | 7.4% | -0.02% | 7.82% | 8.36% | 4.02% | 1.51% |
| Earnings before Tax (EBT) 1 | 32,404 | 17,531 | 5,229 | 1,372 | -17,195 | 8,732 | 5,218 | 12,598 | 17,816 | -9,397 | -30,089 | 15,186 | 49,102 | 64,288 | 14,345 | 1,863 | 12,000 | 17,600 | 7,700 | 4,000 |
| Net income 1 | 23,304 | 11,696 | 3,668 | 851 | -12,313 | 5,200 | 2,249 | 6,739 | 8,988 | -7,096 | -24,885 | 11,804 | 36,967 | 48,771 | 7,513 | 4,231 | 9,000 | 13,200 | 5,700 | 3,000 |
| Net margin | 6.24% | 3.33% | 2.41% | 0.31% | -7.56% | 2.49% | 1.35% | 2.86% | 2.24% | -3.5% | -10.89% | 6.52% | 16.82% | 12.17% | 4.24% | 2.02% | 5.33% | 6.38% | 2.8% | 1.42% |
| EPS 2 | 113.2 | 56.86 | 18.00 | 4.140 | -59.86 | 25.28 | 10.93 | 32.76 | 43.69 | -34.49 | -121.0 | 57.40 | 179.8 | 237.2 | 36.53 | 20.57 | 43.60 | 64.10 | 27.90 | 14.70 |
| Dividend per Share | 15.00 | 15.00 | - | 15.00 | - | - | - | - | - | - | - | - | - | 15.00 | - | - | - | - | - | - |
| Announcement Date | 10/31/19 | 10/29/20 | 10/29/21 | 10/29/21 | 1/28/22 | 4/27/22 | 7/29/22 | 10/28/22 | 10/28/22 | 1/31/23 | 4/27/23 | 7/27/23 | 10/31/23 | 10/31/23 | 1/30/24 | 4/26/24 | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 562,026 | 663,997 | 708,668 | 789,805 | 845,018 | 791,055 | 798,820 | 800,185 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 6.203 x | 7.299 x | 10.89 x | 16.05 x | 21.02 x | 6.011 x | 7.547 x | 7.406 x |
| Free Cash Flow 1 | -27,893 | 7,367 | -33,549 | -75,261 | - | 50,500 | 21,450 | 19,450 |
| ROE (net income / shareholders' equity) | 5.4% | 5.6% | 0.9% | -2% | -7.5% | 18.4% | 7.38% | 7.35% |
| ROA (Net income/ Total Assets) | 1.87% | 2.05% | 0.37% | -0.83% | -1.45% | 4.94% | 1.5% | 1.6% |
| Assets 1 | 907,702 | 882,717 | 810,475 | 757,598 | 1,589,550 | 1,224,368 | 1,790,000 | 1,742,188 |
| Book Value Per Share 2 | 1,550 | 1,578 | 1,583 | 1,521 | 1,438 | 1,753 | 1,763 | 1,856 |
| Cash Flow per Share | 411.0 | 402.0 | 302.0 | 294.0 | 194.0 | 602.0 | - | - |
| Capex 1 | 83,920 | 85,809 | 85,842 | 100,788 | 87,395 | 82,700 | 79,700 | 79,600 |
| Capex / Sales | 11.38% | 11.7% | 11.94% | 15.7% | 10.49% | 10.27% | 9.92% | 9.86% |
| Announcement Date | 4/26/19 | 4/28/20 | 4/28/21 | 4/27/22 | 4/27/23 | 4/26/24 | - | - |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
1,180
JPY
Average target price
1,188
JPY
Spread / Average Target
+0.64%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +16.43% | 1.54B | |
| +18.73% | 14.47B | |
| +10.45% | 5.01B | |
| +11.94% | 4.74B | |
| -5.73% | 3.96B | |
| +6.86% | 3.51B | |
| -1.83% | 2.26B | |
| -24.39% | 2.08B | |
| +36.53% | 1.71B | |
| +24.38% | 1.65B |
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- Financials Shikoku Electric Power Company, Incorporated
