THE CHUGOKU ELECTRIC POWER CO., INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,010 JPY | -0.10% |
|
+1.00% | +0.35% |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 475,414 | 543,383 | 489,629 | 305,142 | 242,450 | 364,202 | - | - |
| Enterprise Value (EV) 1 | 2,542,354 | 2,649,034 | 2,697,695 | 2,741,198 | 2,982,188 | 417,698 | 3,221,350 | 3,244,453 |
| P/E ratio | 41.5 x | 5.83 x | 33.6 x | -7.69 x | -1.56 x | 3.13 x | 5.88 x | 5.1 x |
| Yield | 3.62% | 3.32% | 3.68% | 4.72% | - | 3.02% | 1.78% | 2.84% |
| Capitalization / Revenue | 0.35 x | 0.4 x | 0.37 x | 0.27 x | 0.14 x | 0.26 x | 0.23 x | 0.23 x |
| EV / Revenue | 1.85 x | 1.97 x | 2.06 x | 2.41 x | 1.76 x | 0.26 x | 2.07 x | 2.07 x |
| EV / EBITDA | 20.5 x | 20.5 x | 22.9 x | 145 x | 126 x | 1.33 x | 14.6 x | 13.8 x |
| EV / FCF | -26.1 x | -62.4 x | -33.6 x | -13.3 x | -11 x | 6.02 x | -427 x | 115 x |
| FCF Yield | -3.84% | -1.6% | -2.98% | -7.52% | -9.08% | 16.6% | -0.23% | 0.87% |
| Price to Book | 0.86 x | 0.84 x | 0.74 x | 0.5 x | 0.54 x | 0.69 x | 0.59 x | 0.55 x |
| Nbr of stocks (in thousands) | 344,253 | 360,333 | 360,286 | 360,262 | 360,252 | 360,240 | - | - |
| Reference price 2 | 1,381 | 1,508 | 1,359 | 847.0 | 673.0 | 1,011 | 1,011 | 1,011 |
| Announcement Date | 4/26/19 | 4/28/20 | 4/28/21 | 4/28/22 | 4/28/23 | 4/30/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,376,979 | 1,347,352 | 1,307,498 | 1,136,646 | 1,694,602 | 1,628,785 | 1,555,833 | 1,563,775 |
| EBITDA 1 | 124,309 | 129,433 | 117,701 | 18,877 | 23,692 | 313,265 | 220,900 | 234,650 |
| EBIT 1 | 19,530 | 48,170 | 34,283 | -60,744 | -68,892 | 206,777 | 94,300 | 111,350 |
| Operating Margin | 1.42% | 3.58% | 2.62% | -5.34% | -4.07% | 12.7% | 6.06% | 7.12% |
| Earnings before Tax (EBT) 1 | 14,893 | 124,293 | 18,628 | -56,199 | -181,574 | 191,210 | 87,100 | 103,100 |
| Net income 1 | 11,446 | 90,056 | 14,564 | -39,705 | -155,378 | 133,501 | 61,900 | 71,375 |
| Net margin | 0.83% | 6.68% | 1.11% | -3.49% | -9.17% | 8.2% | 3.98% | 4.56% |
| EPS 2 | 33.25 | 258.6 | 40.42 | -110.2 | -431.3 | 370.6 | 171.8 | 198.1 |
| Free Cash Flow 1 | -97,523 | -42,457 | -80,389 | -206,077 | -270,853 | 69,371 | -7,550 | 28,150 |
| FCF margin | -7.08% | -3.15% | -6.15% | -18.13% | -15.98% | 4.26% | -0.49% | 1.8% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 22.14% | - | 12% |
| FCF Conversion (Net income) | - | - | - | - | - | 51.96% | - | 39.44% |
| Dividend per Share 2 | 50.00 | 50.00 | 50.00 | 40.00 | - | 35.00 | 18.00 | 28.75 |
| Announcement Date | 4/26/19 | 4/28/20 | 4/28/21 | 4/28/22 | 4/28/23 | 4/30/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: März | 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 | 682,330 | 644,016 | 265,380 | 485,483 | 277,589 | 373,574 | 314,753 | 435,021 | 749,774 | 430,113 | 514,715 | 401,078 | 440,469 | 841,547 | 363,281 | 423,957 | 352,900 | 414,700 | 383,800 | 408,200 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 33,727 | 47,087 | 7,673 | 2,720 | -29,718 | -33,746 | -29,193 | -43,977 | -73,170 | -33,766 | 38,044 | 88,245 | 76,819 | 165,064 | 10,801 | 30,912 | 44,200 | 52,800 | 6,000 | -8,800 |
| Operating Margin | 4.94% | 7.31% | 2.89% | 0.56% | -10.71% | -9.03% | -9.27% | -10.11% | -9.76% | -7.85% | 7.39% | 22% | 17.44% | 19.61% | 2.97% | 7.29% | 12.52% | 12.73% | 1.56% | -2.16% |
| Earnings before Tax (EBT) 1 | 117,506 | 44,488 | 10,134 | 7,431 | -30,026 | -33,604 | -39,675 | -37,105 | -76,780 | -126,025 | - | 82,409 | 79,452 | 161,861 | 3,679 | 25,670 | 41,600 | 50,300 | 3,100 | -7,900 |
| Net income 1 | 85,434 | 34,309 | 7,881 | 6,521 | -21,504 | -24,722 | -26,759 | -29,256 | -56,015 | -110,719 | 11,356 | 62,637 | 60,391 | 123,028 | -2,524 | 12,997 | 30,700 | 37,100 | 2,300 | -5,900 |
| Net margin | 12.52% | 5.33% | 2.97% | 1.34% | -7.75% | -6.62% | -8.5% | -6.73% | -7.47% | -25.74% | 2.21% | 15.62% | 13.71% | 14.62% | -0.69% | 3.07% | 8.7% | 8.95% | 0.6% | -1.45% |
| EPS 2 | 248.2 | 95.22 | 21.88 | 18.10 | -59.69 | -68.62 | -74.28 | -81.21 | -155.5 | -307.3 | 31.52 | 173.9 | 167.6 | 341.5 | -7.000 | 36.08 | 85.30 | 103.1 | 6.400 | -16.30 |
| Dividend per Share | 25.00 | 25.00 | - | 25.00 | - | - | - | - | - | - | - | - | - | 5.000 | - | - | - | - | - | - |
| Announcement Date | 10/31/19 | 10/30/20 | 10/29/21 | 10/29/21 | 1/31/22 | 4/28/22 | 7/29/22 | 10/28/22 | 10/28/22 | 1/31/23 | 4/28/23 | 7/28/23 | 10/31/23 | 10/31/23 | 1/31/24 | 4/30/24 | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,066,940 | 2,105,651 | 2,208,066 | 2,436,056 | 2,739,738 | 2,801,946 | 2,857,148 | 2,880,251 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 16.63 x | 16.27 x | 18.76 x | 129 x | 115.6 x | 10.07 x | 12.93 x | 12.27 x |
| Free Cash Flow 1 | -97,523 | -42,457 | -80,389 | -206,077 | -270,853 | 69,371 | -7,550 | 28,150 |
| ROE (net income / shareholders' equity) | 2% | 15% | 2.2% | -6.3% | -29.5% | 25.4% | 10.9% | 11.2% |
| ROA (Net income/ Total Assets) | 0.39% | 1.22% | 0.9% | -1.78% | -2.81% | 4.75% | 2.1% | 1.9% |
| Assets 1 | 2,905,961 | 7,375,533 | 1,609,371 | 2,230,430 | 5,534,548 | 2,811,127 | 2,947,619 | 3,756,579 |
| Book Value Per Share 2 | 1,614 | 1,785 | 1,824 | 1,682 | 1,242 | 1,679 | 1,715 | 1,846 |
| Cash Flow per Share | 350.0 | 492.0 | 272.0 | 111.0 | -174.0 | 666.0 | - | - |
| Capex 1 | 179,158 | 179,207 | 190,617 | 184,213 | 208,157 | 229,234 | 209,250 | 184,250 |
| Capex / Sales | 13.01% | 13.3% | 14.58% | 16.21% | 12.28% | 14.07% | 13.45% | 11.78% |
| Announcement Date | 4/26/19 | 4/28/20 | 4/28/21 | 4/28/22 | 4/28/23 | 4/30/24 | - | - |
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
HOLD
Number of Analysts
4
Last Close Price
1,011
JPY
Average target price
1,172
JPY
Spread / Average Target
+15.97%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +0.35% | 2.36B | |
| +18.46% | 148B | |
| +9.74% | 84.14B | |
| -0.04% | 80.67B | |
| +5.38% | 78.89B | |
| -4.34% | 69.89B | |
| +71.58% | 63.2B | |
| +10.65% | 47.37B | |
| 0.00% | 45.87B | |
| +10.89% | 43.69B |
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