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Kyushu Electric Power Company

DB:2CJ
Snowflake Description

Good value with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2CJ
DB
¥483B
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

Kyushu Electric Power Company, Incorporated primarily engages in electric power business in Japan and internationally. The last earnings update was 25 days ago. More info.


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2CJ Share Price and Events
7 Day Returns
-5.9%
DB:2CJ
0.2%
Europe Electric Utilities
-0.7%
DE Market
1 Year Returns
-15.2%
DB:2CJ
14.6%
Europe Electric Utilities
-7.6%
DE Market
2CJ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kyushu Electric Power Company (2CJ) -5.9% -4.1% -8% -15.2% - -
Europe Electric Utilities 0.2% 0.2% 6.9% 14.6% 33.8% 5.4%
DE Market -0.7% -0.8% -3.8% -7.6% 8.2% 11.1%
1 Year Return vs Industry and Market
  • 2CJ underperformed the Electric Utilities industry which returned 14.6% over the past year.
  • 2CJ underperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
2CJ
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Kyushu Electric Power Company's competitors could be found in our database.

2CJ Value

 Is Kyushu Electric Power Company undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Kyushu Electric Power Company to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kyushu Electric Power Company.

DB:2CJ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:2CJ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.26
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.26 (1 + (1- 30.86%) (616.54%))
1.246
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.246 * 5.96%)
7.66%

Discounted Cash Flow Calculation for DB:2CJ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kyushu Electric Power Company is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:2CJ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 7.66%)
2020 -55,217.00 Analyst x4 -51,289.68
2021 -74,143.33 Analyst x3 -63,971.50
2022 -24,750.00 Analyst x2 -19,835.67
2023 -41,500.00 Analyst x1 -30,894.20
2024 75,250.00 Analyst x2 52,034.63
2025 117,463.13 Est @ 56.1% 75,447.49
2026 163,668.94 Est @ 39.34% 97,648.75
2027 208,847.95 Est @ 27.6% 115,741.16
2028 249,345.94 Est @ 19.39% 128,356.27
2029 283,362.19 Est @ 13.64% 135,492.08
Present value of next 10 years cash flows ¥438,729.34
DB:2CJ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥283,362.19 × (1 + 0.23%) ÷ (7.66% – 0.23%)
¥3,822,900.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥3,822,900.44 ÷ (1 + 7.66%)10
¥1,827,952.89
DB:2CJ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥438,729.34 + ¥1,827,952.89
¥2,266,682.23
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥2,266,682.23 / 472.97
¥4792.42
DB:2CJ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2CJ represents 0.00806x of TSE:9508
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00806x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 4,792.42 x 0.00806
€38.63
Value per share (EUR) From above. €38.63
Current discount Discount to share price of €8.24
= -1 x (€8.24 - €38.63) / €38.63
78.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Kyushu Electric Power Company is available for.
Intrinsic value
>50%
Share price is €8.24 vs Future cash flow value of €38.63
Current Discount Checks
For Kyushu Electric Power Company to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Kyushu Electric Power Company's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Kyushu Electric Power Company's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Kyushu Electric Power Company's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kyushu Electric Power Company's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2CJ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥58.05
TSE:9508 Share Price ** TSE (2019-07-22) in JPY ¥1022
Europe Electric Utilities Industry PE Ratio Median Figure of 71 Publicly-Listed Electric Utilities Companies 12.22x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.75x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kyushu Electric Power Company.

DB:2CJ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9508 Share Price ÷ EPS (both in JPY)

= 1022 ÷ 58.05

17.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kyushu Electric Power Company is overvalued based on earnings compared to the Europe Electric Utilities industry average.
  • Kyushu Electric Power Company is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Kyushu Electric Power Company's expected growth come at a high price?
Raw Data
DB:2CJ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
12.8%per year
Europe Electric Utilities Industry PEG Ratio Median Figure of 34 Publicly-Listed Electric Utilities Companies 1.27x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

DB:2CJ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.61x ÷ 12.8%

1.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kyushu Electric Power Company is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Kyushu Electric Power Company's assets?
Raw Data
DB:2CJ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥1,351.95
TSE:9508 Share Price * TSE (2019-07-22) in JPY ¥1022
Europe Electric Utilities Industry PB Ratio Median Figure of 76 Publicly-Listed Electric Utilities Companies 0.83x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.71x
DB:2CJ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9508 Share Price ÷ Book Value per Share (both in JPY)

= 1022 ÷ 1,351.95

0.76x

* Primary Listing of Kyushu Electric Power Company.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kyushu Electric Power Company is good value based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess Kyushu Electric Power Company's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check)
  5. Kyushu Electric Power Company has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

2CJ Future Performance

 How is Kyushu Electric Power Company expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kyushu Electric Power Company expected to grow at an attractive rate?
  • Kyushu Electric Power Company's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Kyushu Electric Power Company's earnings growth is expected to exceed the Germany market average.
  • Kyushu Electric Power Company's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2CJ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2CJ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 12.8%
DB:2CJ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 0.7%
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 8.7%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:2CJ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2CJ Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 2,079,333 330,800 55,467 3
2023-03-31 2,111,025 303,650 64,700 4
2022-03-31 2,077,502 327,508 81,126 8
2021-03-31 2,053,440 263,918 39,953 8
2020-03-31 2,059,942 331,808 60,922 8
DB:2CJ Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 2,017,181 283,020 27,470
2018-12-31 2,021,373 36,212
2018-09-30 2,002,766 215,708 32,194
2018-06-30 1,969,313 53,757
2018-03-31 1,960,359 355,995 83,157
2017-12-31 1,919,194 64,054
2017-09-30 1,888,431 247,978 64,935
2017-06-30 1,854,942 74,459
2017-03-31 1,827,524 188,016 75,770
2016-12-31 1,828,663 103,533
2016-09-30 1,832,604 336,585 99,625
2016-06-30 1,811,989 75,424

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kyushu Electric Power Company's earnings are expected to grow by 12.8% yearly, however this is not considered high growth (20% yearly).
  • Kyushu Electric Power Company's revenue is expected to grow by 0.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:2CJ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Kyushu Electric Power Company Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2CJ Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 174.40 174.40 174.40 1.00
2023-03-31 130.87 154.13 107.60 2.00
2022-03-31 159.35 210.40 132.80 8.00
2021-03-31 73.12 152.00 36.70 8.00
2020-03-31 121.13 140.40 100.15 8.00
DB:2CJ Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 58.05
2018-12-31 76.50
2018-09-30 67.98
2018-06-30 113.49
2018-03-31 175.56
2017-12-31 135.23
2017-09-30 137.09
2017-06-30 157.20
2017-03-31 159.97
2016-12-31 218.58
2016-09-30 210.33
2016-06-30 159.24

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Kyushu Electric Power Company is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Kyushu Electric Power Company's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kyushu Electric Power Company has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

2CJ Past Performance

  How has Kyushu Electric Power Company performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Kyushu Electric Power Company's growth in the last year to its industry (Electric Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kyushu Electric Power Company has delivered over 20% year on year earnings growth in the past 5 years.
  • Kyushu Electric Power Company's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Kyushu Electric Power Company's 1-year earnings growth is negative, it can't be compared to the Europe Electric Utilities industry average.
Earnings and Revenue History
Kyushu Electric Power Company's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kyushu Electric Power Company Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2CJ Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,017,181.00 27,470.00
2018-12-31 2,021,373.00 36,212.00
2018-09-30 2,002,766.00 32,194.00
2018-06-30 1,969,313.00 53,757.00
2018-03-31 1,960,359.00 83,157.00
2017-12-31 1,919,194.00 64,054.00
2017-09-30 1,888,431.00 64,935.00
2017-06-30 1,854,942.00 74,459.00
2017-03-31 1,827,524.00 75,770.00
2016-12-31 1,828,663.00 103,533.00
2016-09-30 1,832,604.00 99,625.00
2016-06-30 1,811,989.00 75,424.00
2016-03-31 1,835,692.00 73,499.00
2015-12-31 1,859,847.00 15,813.00
2015-09-30 1,875,328.00 -25,226.00
2015-06-30 1,882,399.00 -55,251.00
2015-03-31 1,873,467.00 -114,695.00
2014-12-31 1,857,765.00 -114,902.00
2014-09-30 1,852,458.00 -96,288.00
2014-06-30 1,846,791.00 -77,581.00
2014-03-31 1,791,152.00 -96,096.00
2013-12-31 1,714,021.00 -156,744.00
2013-09-30 1,651,135.00 -218,662.00
2013-06-30 1,581,087.00 -290,685.00
2013-03-31 1,545,919.00 -332,470.00
2012-12-31 1,546,088.00 -310,615.00
2012-09-30 1,528,825.00 -302,594.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Kyushu Electric Power Company has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kyushu Electric Power Company used its assets less efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.
  • Kyushu Electric Power Company's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kyushu Electric Power Company's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kyushu Electric Power Company has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

2CJ Health

 How is Kyushu Electric Power Company's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Kyushu Electric Power Company's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kyushu Electric Power Company's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Kyushu Electric Power Company's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Kyushu Electric Power Company's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Kyushu Electric Power Company Company Filings, last reported 3 months ago.

DB:2CJ Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 665,250.00 2,975,840.00 218,236.00
2018-12-31 671,424.00 3,234,407.00 145,195.00
2018-09-30 672,932.00 3,240,760.00 161,242.00
2018-06-30 642,433.00 3,255,387.00 150,277.00
2018-03-31 653,963.00 3,244,874.00 345,701.00
2017-12-31 636,856.00 3,189,799.00 287,986.00
2017-09-30 637,994.00 3,171,617.00 261,716.00
2017-06-30 586,307.00 3,276,079.00 271,983.00
2017-03-31 574,577.00 3,313,129.00 414,476.00
2016-12-31 575,885.00 3,205,989.00 314,089.00
2016-09-30 568,142.00 3,139,513.00 278,645.00
2016-06-30 509,428.00 3,185,661.00 274,558.00
2016-03-31 499,902.00 3,223,901.00 420,340.00
2015-12-31 495,137.00 3,205,473.00 334,525.00
2015-09-30 498,445.00 3,243,349.00 369,805.00
2015-06-30 465,562.00 3,259,876.00 364,271.00
2015-03-31 450,989.00 3,337,277.00 512,472.00
2014-12-31 510,397.00 3,268,069.00 427,172.00
2014-09-30 555,593.00 3,214,344.00 427,923.00
2014-06-30 449,034.00 3,200,787.00 311,171.00
2014-03-31 494,231.00 3,116,595.00 379,495.00
2013-12-31 531,236.00 3,046,162.00 328,356.00
2013-09-30 552,591.00 3,034,229.00 331,673.00
2013-06-30 545,770.00 2,997,104.00 313,533.00
2013-03-31 557,798.00 2,910,925.00 368,995.00
2012-12-31 646,523.00 2,693,082.00 222,164.00
2012-09-30 724,090.00 2,719,067.00 305,914.00
  • Kyushu Electric Power Company's level of debt (448%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (632.2% vs 448% today).
  • Debt is not well covered by operating cash flow (9.5%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.2x coverage).
X
Financial health checks
We assess Kyushu Electric Power Company's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kyushu Electric Power Company has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

2CJ Dividends

 What is Kyushu Electric Power Company's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.94%
Current annual income from Kyushu Electric Power Company dividends. Estimated to be 4.13% next year.
If you bought €2,000 of Kyushu Electric Power Company shares you are expected to receive €59 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kyushu Electric Power Company's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
  • Kyushu Electric Power Company's dividend is below the markets top 25% of dividend payers in Germany (3.92%).
Upcoming dividend payment

Purchase Kyushu Electric Power Company before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:2CJ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Europe Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 44 Stocks 4.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:2CJ Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 45.00 2.00
2023-03-31 46.67 3.00
2022-03-31 43.13 8.00
2021-03-31 41.25 8.00
2020-03-31 40.00 8.00
DB:2CJ Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-27 30.000 2.818
2019-02-08 30.000 2.546
2019-01-31 30.000 2.263
2018-11-09 30.000 2.223
2018-10-31 30.000 2.269
2018-06-28 30.000 2.327
2018-04-27 30.000 2.350
2018-02-07 20.000 1.626
2018-01-31 20.000 1.672
2017-11-09 20.000 1.632
2017-10-31 20.000 1.531
2017-04-28 15.000 1.146
2017-01-30 10.000 0.823
2016-06-29 5.000 0.481
2016-04-28 5.000 0.467
2014-02-07 0.000 0.000
2014-01-31 0.000 0.000
2013-11-08 0.000 0.000
2013-10-31 0.000 0.000
2013-08-09 0.000 0.000
2013-07-31 0.000 0.000
2013-06-27 0.000 0.000
2013-04-30 0.000 0.000
2013-02-12 0.000 0.000
2013-01-30 0.000 0.000
2012-11-13 0.000 0.000
2012-10-30 0.000 0.000
2012-06-28 40.000 6.074
2012-04-26 40.000 4.225
2012-02-13 40.000 3.350
2012-01-30 40.000 3.606
2011-11-11 60.000 5.525
2011-10-27 60.000 5.758
2011-07-27 60.000 4.976
2011-04-27 60.000 4.602
2011-02-10 60.000 3.502
2011-01-31 60.000 3.249
2010-11-11 60.000 3.243
2010-10-28 60.000 3.170
2010-06-29 60.000 3.080
2010-04-30 60.000 3.119
2010-02-10 60.000 3.028
2010-01-29 60.000 3.083
2009-10-28 60.000 3.152
2009-04-30 60.000 2.979
2009-02-12 60.000 2.764
2009-01-30 60.000 2.628
2008-10-31 60.000 2.602

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Kyushu Electric Power Company's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Kyushu Electric Power Company's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kyushu Electric Power Company afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kyushu Electric Power Company has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

2CJ Management

 What is the CEO of Kyushu Electric Power Company's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kazuhiro Ikebe
AGE 61
TENURE AS CEO 1 years
CEO Bio

Mr. Kazuhiro Ikebe has been President & Chief Executive Officer at Kyushu Electric Power Company, Incorporated since July 2018. Mr. Ikebe has been Director at Kyushu Electric Power Company, Incorporated since 2017. Mr. Ikebe served as a Senior Managing Executive Officer at Kyushu Electric Power Company, Incorporated since 2017 until July 2018. Mr. Ikebe served as an Executive Officer since July 9, 2016. Mr. Ikebe serves as Executive Director of Corporate Strategy Division at Kyushu Electric Power Company, Incorporated.

CEO Compensation
  • Insufficient data for Kazuhiro to compare compensation growth.
  • Insufficient data for Kazuhiro to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the Kyushu Electric Power Company management team in years:

0.8
Average Tenure
  • The average tenure for the Kyushu Electric Power Company management team is less than 2 years, this suggests a new team.
Management Team

Kazuhiro Ikebe

TITLE
President
AGE
61
TENURE
1 yrs

Kazushi Noumi

TITLE
Managing Executive Officer and GM of Information
TENURE
0.5 yrs

Ichirou Fujii

TITLE
Managing Exe. Oficr
TENURE
0.5 yrs

Hideomi Yakushinji

TITLE
Vice-Presidential Executive Officer
TENURE
6.5 yrs

Yuuzou Sasaki

TITLE
VP Executive Officer
AGE
66
TENURE
5.5 yrs

Yoshio Ogura

TITLE
Managing Executive Officer
TENURE
0.5 yrs

Yoshiro Watanabe

TITLE
Vice-Presidential Exe. Officer
TENURE
0.5 yrs

Yasuaki Endou

TITLE
Managing Executive Officer & GM of Regional Symbiosis Headquarters
TENURE
0.5 yrs

Naoyuki Toyoshima

TITLE
Managing Executive Officer
TENURE
1 yrs

Takashi Yamasaki

TITLE
Senior Managing Exe. Officer
TENURE
3 yrs
Board of Directors Tenure

Average tenure and age of the Kyushu Electric Power Company board of directors in years:

2.8
Average Tenure
68
Average Age
  • The average tenure for the Kyushu Electric Power Company board of directors is less than 3 years, this suggests a new board.
Board of Directors

Michiaki Uriu

TITLE
Chairman of the Board
AGE
70
TENURE
1 yrs

Kazuhiro Ikebe

TITLE
President
AGE
61
TENURE
2.5 yrs

Ichirou Fujii

TITLE
Managing Exe. Oficr
TENURE
1 yrs

Hideomi Yakushinji

TITLE
Vice-Presidential Executive Officer
TENURE
6.5 yrs

Yuuzou Sasaki

TITLE
VP Executive Officer
AGE
66
TENURE
3.5 yrs

Yoshiro Watanabe

TITLE
Vice-Presidential Exe. Officer
TENURE
4 yrs

Naoyuki Toyoshima

TITLE
Managing Executive Officer
TENURE
1 yrs

Takashi Yamasaki

TITLE
Senior Managing Exe. Officer
TENURE
3 yrs

Makoto Toyoma

TITLE
Managing Executive Officer
TENURE
1 yrs

Akiyoshi Watanabe

TITLE
External Director
AGE
77
TENURE
10.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Kyushu Electric Power Company's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kyushu Electric Power Company has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

2CJ News

Simply Wall St News

2CJ Company Info

Description

Kyushu Electric Power Company, Incorporated primarily engages in electric power business in Japan and internationally. The company operates through Electric Power, Energy-related Business, IT and Telecommunications, and Other segments. It generates electricity from nuclear, thermal, hydroelectric, geothermal, internal combustion, wind, solar, poultry dung fuel, and biomass power energy sources. The company also receipts, stores, vaporizes, delivers, and sells liquefied natural gas (LNG); purchases, operates, charters, and rents LNG carriers; distributes power systems; manufactures and sells electric machinery, concrete poles, HV and LV insulators, and other products; and constructs, maintains, and repairs power generation facilities. In addition, it engages in the heat supply activities; installation, maintenance, and management of electrical measurement equipment; environmental preservation work; consultation, planning, investigation, measurement, design, drafting, and care of civil engineering/construction projects; IT-related planning and consultation, and data center business; and provision of air cargo transportation, site management, and energy efficiency consultancy services. Further, the company offers telecommunication devices, and fiber-optic cable and broadband services; develops, operates, and maintains information systems; develops and sells computer software; leases, manages, cleans, and maintains real estate properties; provides elderly nursing home management and nursing, temporary staffing, job-placement, accounting, and personnel services; acquires and owns securities; and recycles used fluorescent bulbs and confidential documents. Additionally, it is involved in the clerical work acceptance on trust and consulting business; flame spray coating; investment activities; management of golf courses; subtitle production for broadcasting; and ownership of mining interests and assets. The company was founded in 1951 and is headquartered in Fukuoka, Japan.

Details
Name: Kyushu Electric Power Company, Incorporated
2CJ
Exchange: DB
Founded: 1951
¥3,994,463,198
472,972,603
Website: http://www.kyuden.co.jp
Address: Kyushu Electric Power Company, Incorporated
1-82, Watanabe-dori 2-chome,
Chuo-ku,
Fukuoka,
Fukuoka, 810-8720,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9508 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB 2CJ Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK KYSE.Y UNSPONSORD ADR Pink Sheets LLC US USD 31. Oct 2008
Number of employees
Current staff
Staff numbers
21,103
Kyushu Electric Power Company employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 22:36
End of day share price update: 2019/07/22 00:00
Last estimates confirmation: 2019/07/03
Last earnings filing: 2019/06/27
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.