Chubu Electric Power Company, Incorporated

DB:0C2 Stock Report

Market Cap: €7.5b

Chubu Electric Power Company Valuation

Is 0C2 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0C2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0C2 (€9.8) is trading above our estimate of fair value (€9.7)

Significantly Below Fair Value: 0C2 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0C2?

Key metric: As 0C2 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0C2. This is calculated by dividing 0C2's market cap by their current earnings.
What is 0C2's PE Ratio?
PE Ratio5.1x
EarningsJP¥238.59b
Market CapJP¥1.21t

Price to Earnings Ratio vs Peers

How does 0C2's PE Ratio compare to its peers?

The above table shows the PE ratio for 0C2 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.1x
EBK EnBW Energie Baden-Württemberg
28.6xn/a€17.1b
LEC Lechwerke
25.8xn/a€2.5b
RWE RWE
8.4x-11.1%€23.7b
MNV6 Mainova
33.7xn/a€1.9b
0C2 Chubu Electric Power Company
5.1x-6.3%€1.2t

Price-To-Earnings vs Peers: 0C2 is good value based on its Price-To-Earnings Ratio (5.1x) compared to the peer average (24.1x).


Price to Earnings Ratio vs Industry

How does 0C2's PE Ratio compare vs other companies in the European Electric Utilities Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0C2 5.1xIndustry Avg. 12.7xNo. of Companies11PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0C2 is good value based on its Price-To-Earnings Ratio (5.1x) compared to the European Electric Utilities industry average (12.7x).


Price to Earnings Ratio vs Fair Ratio

What is 0C2's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0C2 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.1x
Fair PE Ratio17.6x

Price-To-Earnings vs Fair Ratio: 0C2 is good value based on its Price-To-Earnings Ratio (5.1x) compared to the estimated Fair Price-To-Earnings Ratio (17.6x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0C2 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€9.80
€12.15
+24.0%
9.2%€13.58€10.38n/a5
Nov ’25€10.40
€12.35
+18.8%
5.5%€13.35€11.26n/a5
Oct ’25€10.30
€12.19
+18.3%
5.6%€12.96€11.19n/a5
Sep ’25€11.20
€12.07
+7.8%
5.0%€12.61€10.89n/a5
Aug ’25€10.90
€12.44
+14.1%
7.9%€13.99€10.91n/a5
Jul ’25€10.80
€12.21
+13.1%
5.4%€13.33€11.74n/a4
Jun ’25€12.60
€12.21
-3.1%
5.4%€13.33€11.74n/a4
May ’25€11.90
€11.64
-2.2%
6.0%€12.37€10.48n/a5
Apr ’25€11.90
€11.87
-0.2%
6.6%€12.84€10.88n/a5
Mar ’25€11.40
€11.87
+4.2%
6.6%€12.84€10.88n/a5
Feb ’25€12.00
€11.96
-0.3%
4.9%€12.85€11.26n/a4
Jan ’25€11.40
€11.96
+4.9%
4.9%€12.85€11.26n/a4
Dec ’24€11.30
€11.48
+1.6%
4.9%€12.47€10.92n/a5
Nov ’24€11.60
€11.74
+1.2%
4.8%€12.67€11.21€10.405
Oct ’24€12.00
€11.76
-2.0%
4.8%€12.69€11.23€10.305
Sep ’24€12.70
€10.43
-17.9%
14.7%€12.07€7.90€11.205
Aug ’24€11.90
€10.64
-10.6%
14.2%€12.13€8.11€10.905
Jul ’24€10.90
€10.46
-4.1%
14.2%€11.92€7.97€10.805
Jun ’24€11.00
€10.17
-7.6%
13.3%€12.56€8.39€12.605
May ’24€9.75
€9.86
+1.1%
7.2%€10.63€8.63€11.905
Apr ’24€9.45
€9.86
+4.3%
7.2%€10.63€8.63€11.905
Mar ’24€9.55
€9.90
+3.7%
6.6%€10.65€8.65€11.406
Feb ’24€9.55
€9.68
+1.4%
7.6%€10.77€8.80€12.006
Jan ’24€9.45
€9.62
+1.8%
7.5%€10.63€8.68€11.406
Dec ’23€8.70
€9.81
+12.8%
5.4%€10.34€8.91€11.306
Nov ’23€8.05
€9.81
+21.9%
5.4%€10.34€8.91€11.606

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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