Returns On Capital Are Showing Encouraging Signs At Hokkaido Electric Power Company (TSE:9509)
Dec 24
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Japanese (NIKKEI) Utilities Sector Analysis
UpdatedDec 25, 2024
DataAggregated Company Financials
Companies33
- 7D1.8%
- 3M-8.7%
- 1Y6.0%
- YTD1.6%
Over the last 7 days, the Utilities industry has dropped 1.2%, driven by declines in Tokyo GasLtd and Kyushu Electric Power Company of 0.2% and 0.4%, respectively. Over the past 12 months, the industry was up 4.1%. Earnings are forecast to grow by 2.5% annually.
Sector Valuation and Performance
Has the Japanese Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 25 Dec 2024 | JP¥10.5t | JP¥31.8t | JP¥1.5t | 11x | 7.1x | 0.3x |
| Fri, 22 Nov 2024 | JP¥10.8t | JP¥31.8t | JP¥1.5t | 11.7x | 7.3x | 0.3x |
| Sun, 20 Oct 2024 | JP¥11.6t | JP¥31.7t | JP¥1.9t | 10.4x | 6.2x | 0.4x |
| Tue, 17 Sep 2024 | JP¥11.3t | JP¥31.7t | JP¥1.9t | 10x | 6.1x | 0.4x |
| Thu, 15 Aug 2024 | JP¥11.4t | JP¥31.7t | JP¥1.9t | 11.1x | 6.2x | 0.4x |
| Sat, 13 Jul 2024 | JP¥12.2t | JP¥32.2t | JP¥2.3t | 10.2x | 5.4x | 0.4x |
| Mon, 10 Jun 2024 | JP¥13.0t | JP¥32.2t | JP¥2.3t | 10.6x | 5.8x | 0.4x |
| Wed, 08 May 2024 | JP¥12.7t | JP¥32.5t | JP¥2.3t | 8.5x | 5.5x | 0.4x |
| Fri, 05 Apr 2024 | JP¥12.2t | JP¥34.0t | JP¥3.1t | 8.1x | 3.9x | 0.4x |
| Sun, 03 Mar 2024 | JP¥10.8t | JP¥34.0t | JP¥3.1t | 7.5x | 3.4x | 0.3x |
| Tue, 30 Jan 2024 | JP¥10.8t | JP¥35.7t | JP¥2.3t | 9.9x | 4.8x | 0.3x |
| Thu, 28 Dec 2023 | JP¥10.3t | JP¥35.7t | JP¥2.3t | 9x | 4.5x | 0.3x |
| Sat, 25 Nov 2023 | JP¥10.2t | JP¥35.7t | JP¥2.3t | 8.8x | 4.5x | 0.3x |
| Mon, 23 Oct 2023 | JP¥10.0t | JP¥36.2t | JP¥1.0t | 11.1x | 9.6x | 0.3x |
| Wed, 20 Sep 2023 | JP¥11.2t | JP¥36.2t | JP¥1.0t | 11.3x | 10.7x | 0.3x |
| Fri, 18 Aug 2023 | JP¥9.8t | JP¥36.2t | JP¥1.0t | 10.8x | 9.4x | 0.3x |
| Sun, 16 Jul 2023 | JP¥9.0t | JP¥35.3t | -JP¥20,011,000,000.00 | 11.2x | -448.6x | 0.3x |
| Tue, 13 Jun 2023 | JP¥9.4t | JP¥35.3t | -JP¥20,776,000,000.00 | 13.5x | -454.8x | 0.3x |
| Thu, 11 May 2023 | JP¥8.7t | JP¥35.2t | -JP¥7,626,000,000.00 | 15.4x | -1139.8x | 0.2x |
| Sat, 08 Apr 2023 | JP¥8.0t | JP¥33.1t | -JP¥1,077,070,000,000.00 | 13.4x | -7.4x | 0.2x |
| Mon, 06 Mar 2023 | JP¥8.0t | JP¥33.1t | -JP¥1,075,885,000,000.00 | 13.5x | -7.4x | 0.2x |
| Wed, 01 Feb 2023 | JP¥8.1t | JP¥30.5t | -JP¥581,749,000,000.00 | 13.2x | -14x | 0.3x |
| Fri, 30 Dec 2022 | JP¥8.1t | JP¥29.9t | -JP¥617,227,000,000.00 | 13.3x | -13.1x | 0.3x |
| Sun, 27 Nov 2022 | JP¥8.3t | JP¥29.9t | -JP¥616,706,000,000.00 | 14.5x | -13.4x | 0.3x |
| Tue, 25 Oct 2022 | JP¥7.9t | JP¥26.7t | JP¥28.0b | 14.1x | 281.3x | 0.3x |
| Thu, 22 Sep 2022 | JP¥8.4t | JP¥26.7t | JP¥27.9b | 15x | 300.4x | 0.3x |
| Sat, 20 Aug 2022 | JP¥8.6t | JP¥26.7t | JP¥27.9b | 16.2x | 309.3x | 0.3x |
| Mon, 18 Jul 2022 | JP¥8.8t | JP¥24.6t | JP¥246.7b | 17.5x | 35.6x | 0.4x |
| Wed, 15 Jun 2022 | JP¥8.3t | JP¥24.6t | JP¥252.5b | 14.9x | 33.1x | 0.3x |
| Fri, 13 May 2022 | JP¥8.4t | JP¥24.5t | JP¥193.4b | 16x | 43.2x | 0.3x |
| Sun, 10 Apr 2022 | JP¥7.5t | JP¥24.0t | JP¥237.9b | 15.6x | 31.5x | 0.3x |
| Tue, 08 Mar 2022 | JP¥7.7t | JP¥24.0t | JP¥237.3b | 16.6x | 32.4x | 0.3x |
| Thu, 03 Feb 2022 | JP¥7.3t | JP¥24.4t | JP¥241.0b | 15.3x | 30.3x | 0.3x |
| Sat, 01 Jan 2022 | JP¥7.4t | JP¥23.7t | JP¥522.0b | 15.2x | 14.1x | 0.3x |
Price to Earnings Ratio
14.1x
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 7.0x which is higher than its 3-year average PE of -1.3x.
- The industry is trading close to its 3-year average PS ratio of 0.31x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 41% 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 | -0.024% | |
| Utilities | 1.85% | |
| Electric Utilities | 2.13% | |
| Renewable Energy | 1.71% | |
| Gas Utilities | 1.48% | |
| Other Utilities | 0% | |
| Water Utilities | 0% | |
Industry PE
- Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio of 10.4x.
- Analysts are expecting annual earnings growth of 6.8%, which is higher than its past year's earnings decline of 46.6% 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 1.8x.
Forecasted Growth
- Analysts are most optimistic on the Gas Utilities industry, expecting annual earnings growth of 6.8% over the next 5 years.
- This is better than its past earnings decline of 47% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings decline by 4.1% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 9532 Osaka Gas | JP¥3.35k | 2.8% +JP¥36.5b | 14.3% | PE14.3x | |
| 9502 Chubu Electric Power Company | JP¥1.62k | 1.9% +JP¥22.3b | -10.7% | PE5.1x | |
| 9531 Tokyo GasLtd | JP¥4.37k | 0.4% +JP¥7.4b | 35.9% | PE20.4x | |
| 9533 Toho Gas | JP¥4.13k | 1.7% +JP¥7.0b | 39.9% | PE20.2x | |
| 9517 eREXLtd | JP¥674.00 | 12.0% +JP¥5.3b | -15.8% | PS0.2x |
