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Japanese (NIKKEI) Utilities Sector Analysis

UpdatedApr 17, 2024
DataAggregated Company Financials
Companies34
  • 7D4.9%
  • 3M17.8%
  • 1Y56.3%
  • YTD21.8%

Over the last 7 days, the Utilities industry has risen 4.9%, driven by gains from Kansai Electric Power Company of 7.0%. This takes the industry's 12 month performance to a gain of 56%. As for the next few years, earnings are forecast to decline by 17% per annum.

Sector Valuation and Performance

Has the Japanese Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Apr 2024JP¥13.1tJP¥34.0tJP¥3.1t8.5x4.2x0.4x
Fri, 15 Mar 2024JP¥11.4tJP¥34.0tJP¥3.1t8x3.6x0.3x
Sun, 11 Feb 2024JP¥10.4tJP¥34.0tJP¥3.1t7x3.3x0.3x
Tue, 09 Jan 2024JP¥10.8tJP¥35.7tJP¥2.3t9.2x4.8x0.3x
Thu, 07 Dec 2023JP¥10.6tJP¥35.7tJP¥2.3t8.9x4.7x0.3x
Sat, 04 Nov 2023JP¥10.6tJP¥35.7tJP¥2.3t8.9x4.7x0.3x
Mon, 02 Oct 2023JP¥10.3tJP¥36.2tJP¥1.0t11.4x9.9x0.3x
Wed, 30 Aug 2023JP¥10.3tJP¥36.2tJP¥1.0t11.2x9.9x0.3x
Fri, 28 Jul 2023JP¥9.7tJP¥35.3t-JP¥20,421,000,000.0011.4x-474.9x0.3x
Sun, 25 Jun 2023JP¥9.6tJP¥35.3t-JP¥20,378,000,000.0011.6x-468.7x0.3x
Tue, 23 May 2023JP¥8.7tJP¥35.3t-JP¥21,037,000,000.0013.5x-414.7x0.2x
Thu, 20 Apr 2023JP¥8.2tJP¥33.1t-JP¥1,077,648,000,000.0013.9x-7.7x0.2x
Sat, 18 Mar 2023JP¥8.0tJP¥33.2t-JP¥1,077,432,000,000.0013.3x-7.4x0.2x
Mon, 13 Feb 2023JP¥8.0tJP¥33.1t-JP¥1,074,143,000,000.0014x-7.5x0.2x
Wed, 11 Jan 2023JP¥7.7tJP¥29.9t-JP¥617,227,000,000.0012.7x-12.4x0.3x
Fri, 09 Dec 2022JP¥7.9tJP¥29.9t-JP¥617,411,000,000.0014x-12.8x0.3x
Sun, 06 Nov 2022JP¥7.8tJP¥29.9t-JP¥606,846,000,000.0013.7x-12.8x0.3x
Tue, 04 Oct 2022JP¥7.8tJP¥26.7tJP¥27.3b13.8x287.2x0.3x
Thu, 01 Sep 2022JP¥8.7tJP¥26.7tJP¥27.9b15.9x311.1x0.3x
Sat, 30 Jul 2022JP¥8.6tJP¥24.6tJP¥246.7b17.5x35x0.4x
Mon, 27 Jun 2022JP¥8.4tJP¥24.6tJP¥252.8b14.3x33.1x0.3x
Wed, 25 May 2022JP¥8.3tJP¥24.6tJP¥252.8b14.7x33x0.3x
Fri, 22 Apr 2022JP¥7.9tJP¥24.0tJP¥238.5b15.8x32.9x0.3x
Sun, 20 Mar 2022JP¥7.7tJP¥24.0tJP¥237.5b15.7x32.4x0.3x
Tue, 15 Feb 2022JP¥7.6tJP¥24.5tJP¥238.4b15.5x31.8x0.3x
Thu, 13 Jan 2022JP¥7.4tJP¥23.7tJP¥522.0b14.6x14.1x0.3x
Sat, 11 Dec 2021JP¥7.6tJP¥23.7tJP¥521.9b16.5x14.5x0.3x
Mon, 08 Nov 2021JP¥7.4tJP¥24.0tJP¥524.3b15.4x14.2x0.3x
Wed, 06 Oct 2021JP¥7.9tJP¥24.4tJP¥689.2b13.5x11.5x0.3x
Fri, 03 Sep 2021JP¥8.1tJP¥24.4tJP¥689.2b13.4x11.7x0.3x
Sun, 01 Aug 2021JP¥8.0tJP¥24.4tJP¥689.2b13.2x11.6x0.3x
Wed, 05 May 2021JP¥8.3tJP¥25.5tJP¥782.8b14.4x10.6x0.3x
Price to Earnings Ratio

10.6x


Total Market Cap: JP¥8.3tTotal Earnings: JP¥782.8bTotal Revenue: JP¥25.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Utilities Sector Price to Earnings3Y Average -0.06x202220232024
Current Industry PE
  • Investors are pessimistic on the Japanese Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 4.2x which is higher than its 3-year average PE of -0.055x.
  • The industry is trading close to its 3-year average PS ratio of 0.30x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 59% per year over the last three years.
  • Revenues for these companies have grown 10% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Japanese Utilities sector?

JP Market-2.21%
Utilities4.88%
Electric Utilities5.79%
Gas Utilities3.51%
Renewable Energy2.69%
Other Utilities0%
Water Utilities0%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry, which is trading close to its 3-year average PE ratio of 13.8x.
    • Analysts are expecting annual earnings growth of 8.4%, which is lower than the prior year's growth of 16.4% per year.
  • Investors are most pessimistic about the Electric Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 2.8x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 8.4% over the next 5 years.
  • However this is lower than its past earnings growth rate of 16% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings decline by 21% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
9503 Kansai Electric Power CompanyJP¥2.31k1.3%
+JP¥26.8b
72.7%PE4.2x
9509 Hokkaido Electric Power CompanyJP¥1.15k8.3%
+JP¥18.1b
125.2%PE4.6x
9508 Kyushu Electric Power CompanyJP¥1.54k2.3%
+JP¥16.1b
96.7%PE3.4x
9533 Toho GasJP¥3.60k1.6%
+JP¥6.1b
45.8%PE9x
9517 eREXLtdJP¥774.008.3%
+JP¥3.5b
-57.0%PS0.2x
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9502

JP¥1,932.00

Chubu Electric Power Company

7D

-2.1%

1Y

32.1%

9519

JP¥1,319.00

RENOVA

7D

1.9%

1Y

-34.9%

9517

JP¥774.00

eREXLtd

7D

8.3%

1Y

-57.0%

9513

JP¥2,610.00

Electric Power Development

7D

-0.9%

1Y

20.6%

9532

JP¥3,237.00

Osaka Gas

7D

-3.2%

1Y

46.9%

9501

JP¥1,009.50

Tokyo Electric Power Company Holdings

7D

-6.3%

1Y

105.6%

9503

JP¥2,305.00

Kansai Electric Power Company

7D

1.3%

1Y

72.7%

9504

JP¥1,173.00

Chugoku Electric Power

7D

-2.4%

1Y

69.8%

9507

JP¥1,231.00

Shikoku Electric Power Company

7D

-3.2%

1Y

57.0%