DB:TKT

Stock Analysis Report

Tohoku Electric Power Company

Executive Summary

Tohoku Electric Power Company, Incorporated, together with its subsidiaries, generates, transmits, and distributes electricity to residential customers in Japan and internationally.

Snowflake

Fundamentals

Fair value with imperfect balance sheet.

Share Price & News

How has Tohoku Electric Power Company's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.9%

DB:TKT

2.8%

DE Electric Utilities

0.2%

DE Market


1 Year Return

n/a

DB:TKT

19.6%

DE Electric Utilities

-10.0%

DE Market

No trading data on TKT.

No trading data on TKT.


Share holder returns

TKTIndustryMarket
7 Day0.9%2.8%0.2%
30 Day3.4%2.3%-3.3%
90 Day-3.3%5.8%-3.9%
1 Yearn/a24.3%19.6%-7.1%-10.0%
3 Yearn/a60.1%39.0%11.3%1.7%
5 Yearn/a42.5%6.3%25.8%8.4%

Price Volatility Vs. Market

How volatile is Tohoku Electric Power Company's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

10.79x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Tohoku Electric Power Company's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Tohoku Electric Power Company's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Tohoku Electric Power Company is good value based on earnings compared to the Europe Electric Utilities industry average.

Tohoku Electric Power Company is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

Tohoku Electric Power Company is poor value based on expected growth next year.


Price Based on Value of Assets

Tohoku Electric Power Company is good value based on assets compared to the Europe Electric Utilities industry average.


Next Steps

Future Growth

How is Tohoku Electric Power Company expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

3.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Tohoku Electric Power Company's revenue is expected to grow by 1.1% yearly, however this is not considered high growth (20% yearly).

Tohoku Electric Power Company's earnings are expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).

Tohoku Electric Power Company's revenue growth is positive but not above the Germany market average.

Tohoku Electric Power Company's earnings growth is positive but not above the Germany market average.

Tohoku Electric Power Company's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Tohoku Electric Power Company is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

-15.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Tohoku Electric Power Company's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

Tohoku Electric Power Company's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Tohoku Electric Power Company's 1-year earnings growth is negative, it can't be compared to the Europe Electric Utilities industry average.


Return on Equity

Tohoku Electric Power Company has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Tohoku Electric Power Company used its assets less efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.


Return on Capital Employed

Tohoku Electric Power Company's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Tohoku Electric Power Company's financial position?


Financial Position Analysis

Tohoku Electric Power Company's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Tohoku Electric Power Company's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Tohoku Electric Power Company's level of debt (286.6%) 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 (458.4% vs 286.6% today).

Debt is not well covered by operating cash flow (10.8%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 5.2x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.2x debt.


Next Steps

Dividend

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

3.99%

Expected Dividend Yield


Upcoming Dividend Payment

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


Dividend Yield and Payments Analysis

Tohoku Electric Power Company's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.57%).

Tohoku Electric Power Company's dividend is below the markets top 25% of dividend payers in Germany (4.29%).

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

Dividends paid are well covered by earnings (2.4x 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.


Next Steps

Management

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


CEO

Hiroya Harada (63yo)

4.2yrs

Tenure

0

Mr. Hiroya Harada has been the President of Tohoku Electric Power Co. Inc. since June 2015. Mr. Harada served as a Vice President of Tohoku Electric Power Co. Inc. Mr. Harada served as an Executive Vice Pr ...


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Hiroya Harada (63yo)

    President & Representative Director

    • Tenure: 4.2yrs
  • Noboru Hasegawa

    Director & Managing Executive Officer

    • Tenure: 0.0yrs
  • Mitsuhiro Sakamoto (64yo)

    Executive VP

    • Tenure: 0.0yrs
  • Shunji Yamamoto (63yo)

    Director & Managing Executive Officer

    • Tenure: 0.0yrs
  • Shinichi Okanobu

    Executive VP & Representative Director

    • Tenure: 0.0yrs
  • Haruyuki Nakano

    MD & Director

    • Tenure: 0.0yrs
  • Hiroshi Tanae

    Executive VP

    • Tenure: 0.0yrs
  • Jiro Masuko

    Representative Director & Executive VP

    • Tenure: 0.0yrs
  • Kojiro Higuchi (62yo)

    Director & Managing Executive Officer

    • Tenure: 0.0yrs
  • Toshinori Abe

    Director & Managing Executive Officer

    • Tenure: 0.0yrs

Board Members

  • Makoto Kaiwa (70yo)

    Chairman

    • Tenure: 4.2yrs
  • Hiroya Harada (63yo)

    President & Representative Director

    • Tenure: 4.2yrs
  • Noboru Hasegawa

    Director & Managing Executive Officer

    • Tenure: 0.0yrs
  • Mitsuhiro Sakamoto (64yo)

    Executive VP

    • Tenure: 0.0yrs
  • Shunji Yamamoto (63yo)

    Director & Managing Executive Officer

    • Tenure: 0.0yrs
  • Shinichi Okanobu

    Executive VP & Representative Director

    • Tenure: 0.0yrs
  • Haruyuki Nakano

    MD & Director

    • Tenure: 0.0yrs
  • Hiroshi Tanae

    Executive VP

    • Tenure: 0.0yrs
  • Jiro Masuko

    Representative Director & Executive VP

    • Tenure: 0.0yrs
  • Kojiro Higuchi (62yo)

    Director & Managing Executive Officer

    • Tenure: 0.0yrs
  • Toshinori Abe

    Director & Managing Executive Officer

    • Tenure: 0.0yrs

Company Information

Tohoku Electric Power Company, Incorporated's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tohoku Electric Power Company, Incorporated
  • Ticker: TKT
  • Exchange: DB
  • Founded: 1951
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: JP¥526.693b
  • Listing Market Cap: JP¥4.456b
  • Shares outstanding: 499.23m
  • Website: https://www.tohoku-epco.co.jp

Number of Employees


Location

  • Tohoku Electric Power Company, Incorporated
  • 1-7-1 Honcho
  • Aoba-ku
  • Sendai
  • Miyagi
  • 980-8550
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
9506TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
TEPC.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992
TKTDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
TEPC.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

Tohoku Electric Power Company, Incorporated, together with its subsidiaries, generates, transmits, and distributes electricity to residential customers in Japan and internationally. It operates in two segm ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/19 21:36
End of Day Share Price2019/08/19 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.