After Leaping 34% Hokkaido Electric Power Company, Incorporated (TSE:9509) Shares Are Not Flying Under The Radar
May 01
Japanese (NIKKEI) Utilities Sector Analysis
UpdatedMay 01, 2024
DataAggregated Company Financials
Companies35
- 7D-2.2%
- 3M14.9%
- 1Y47.4%
- YTD18.9%
Over the last 7 days, the Utilities industry has dropped 4.1%, driven by a pullback from Tokyo GasLtd of 13%. In contrast, Toho Gas has gained 7.1%. This takes the industry's 12 month performance to a gain of 44%. Looking forward, earnings are forecast to decline by 16% per year.
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, 01 May 2024 | JP¥12.5t | JP¥33.7t | JP¥3.1t | 8.6x | 4.1x | 0.4x |
| Fri, 29 Mar 2024 | JP¥11.7t | JP¥34.0t | JP¥3.1t | 7.7x | 3.7x | 0.3x |
| Sun, 25 Feb 2024 | JP¥10.7t | JP¥34.0t | JP¥3.1t | 7.4x | 3.4x | 0.3x |
| Tue, 23 Jan 2024 | JP¥10.9t | JP¥35.7t | JP¥2.3t | 9.5x | 4.8x | 0.3x |
| Thu, 21 Dec 2023 | JP¥10.2t | JP¥35.7t | JP¥2.3t | 9x | 4.5x | 0.3x |
| Sat, 18 Nov 2023 | JP¥10.4t | JP¥35.7t | JP¥2.3t | 8.9x | 4.6x | 0.3x |
| Mon, 16 Oct 2023 | JP¥10.2t | JP¥36.2t | JP¥1.0t | 11.1x | 9.8x | 0.3x |
| Wed, 13 Sep 2023 | JP¥10.6t | JP¥36.2t | JP¥1.0t | 11.4x | 10.2x | 0.3x |
| Fri, 11 Aug 2023 | JP¥9.8t | JP¥36.2t | JP¥1.1t | 9.3x | 9.3x | 0.3x |
| Sun, 09 Jul 2023 | JP¥9.3t | JP¥35.3t | -JP¥20,011,000,000.00 | 11.5x | -465.1x | 0.3x |
| Tue, 06 Jun 2023 | JP¥9.0t | JP¥35.3t | -JP¥21,037,000,000.00 | 13.2x | -430x | 0.3x |
| Thu, 04 May 2023 | JP¥8.6t | JP¥35.0t | JP¥18.4b | 13.8x | 466.1x | 0.2x |
| Sat, 01 Apr 2023 | JP¥8.0t | JP¥33.2t | -JP¥1,077,044,000,000.00 | 14.1x | -7.5x | 0.2x |
| Mon, 27 Feb 2023 | JP¥8.1t | JP¥33.1t | -JP¥1,075,885,000,000.00 | 13.2x | -7.5x | 0.2x |
| Wed, 25 Jan 2023 | JP¥7.7t | JP¥29.9t | -JP¥616,572,000,000.00 | 13.2x | -12.5x | 0.3x |
| Fri, 23 Dec 2022 | JP¥7.9t | JP¥29.9t | -JP¥617,227,000,000.00 | 13.6x | -12.9x | 0.3x |
| Sun, 20 Nov 2022 | JP¥7.8t | JP¥29.9t | -JP¥615,648,000,000.00 | 13.8x | -12.6x | 0.3x |
| Tue, 18 Oct 2022 | JP¥7.8t | JP¥26.7t | JP¥27.8b | 13.9x | 281.9x | 0.3x |
| Thu, 15 Sep 2022 | JP¥8.5t | JP¥20.9t | JP¥86.2b | 15.4x | 98.3x | 0.4x |
| Sat, 13 Aug 2022 | JP¥8.4t | JP¥26.7t | JP¥29.0b | 15.3x | 290.3x | 0.3x |
| Mon, 11 Jul 2022 | JP¥8.7t | JP¥24.6t | JP¥250.2b | 15.3x | 35x | 0.4x |
| Wed, 08 Jun 2022 | JP¥8.4t | JP¥24.6t | JP¥252.8b | 15x | 33.2x | 0.3x |
| Fri, 06 May 2022 | JP¥8.0t | JP¥24.5t | JP¥204.6b | 15.5x | 38.9x | 0.3x |
| Sun, 03 Apr 2022 | JP¥7.6t | JP¥24.0t | JP¥237.5b | 15.7x | 31.8x | 0.3x |
| Tue, 01 Mar 2022 | JP¥7.6t | JP¥24.0t | JP¥237.3b | 15.5x | 32.2x | 0.3x |
| Thu, 27 Jan 2022 | JP¥7.3t | JP¥23.7t | JP¥520.9b | 14.9x | 14x | 0.3x |
| Sat, 25 Dec 2021 | JP¥7.5t | JP¥23.7t | JP¥522.0b | 16.3x | 14.5x | 0.3x |
| Mon, 22 Nov 2021 | JP¥7.5t | JP¥23.7t | JP¥522.6b | 16.5x | 14.3x | 0.3x |
| Wed, 20 Oct 2021 | JP¥7.8t | JP¥24.4t | JP¥691.4b | 13.2x | 11.3x | 0.3x |
| Fri, 17 Sep 2021 | JP¥8.4t | JP¥24.4t | JP¥689.2b | 13.5x | 12.2x | 0.3x |
| Sun, 15 Aug 2021 | JP¥8.1t | JP¥24.4t | JP¥689.2b | 13.6x | 11.8x | 0.3x |
| Thu, 10 Jun 2021 | JP¥8.0t | JP¥25.5t | JP¥783.1b | 13x | 10.2x | 0.3x |
Price to Earnings Ratio
10.6x
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 4.0x which is higher than its 3-year average PE of -0.32x.
- 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 58% per year over the last three years.
- Revenues for these companies have grown 9.8% 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 | 2.54% | |
| Utilities | -2.22% | |
| Other Utilities | 0% | |
| Water Utilities | 0% | |
| Renewable Energy | -0.62% | |
| Electric Utilities | -1.19% | |
| Gas Utilities | -4.51% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry, which is trading close to its 3-year average PE ratio of 13.7x.
- Analysts are expecting annual earnings growth of 6.3%, 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 2.6x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 6.3% 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 22% 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 | |
|---|---|---|---|---|---|
| 9506 Tohoku Electric Power Company | JP¥1.31k | 8.6% +JP¥51.8b | 81.8% | PE2.2x | |
| 9508 Kyushu Electric Power Company | JP¥1.59k | 7.0% +JP¥49.3b | 89.7% | PE3.5x | |
| 9533 Toho Gas | JP¥4.06k | 8.3% +JP¥30.5b | 59.7% | PE15.6x | |
| 9503 Kansai Electric Power Company | JP¥2.39k | 1.1% +JP¥23.2b | 63.2% | PE4.3x | |
| 9507 Shikoku Electric Power Company | JP¥1.32k | 7.3% +JP¥18.4b | 61.1% | PE8.6x |
