TSE:9502Electric Utilities
Chubu Electric (TSE:9502) Stock Faces Cash Flow Scrutiny Despite Margin Gains
Chubu Electric Power Company stock has cooled off, with the price down about 11% over the past month even as earnings quietly moved in the opposite direction. The latest results keep that earnings story intact. Net margin sits at 6.4% and earnings over the past year grew 12.7%, even while the wider market questions how durable that performance looks.
The real tension for long term investors is on the balance sheet and valuation. Debt is not well covered by operating cash flow, the dividend is...