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9502

Chubu Electric Power Company TSE:9502 Stock Report

Last Price

JP¥1.26k

Market Cap

JP¥964.1b

7D

-3.8%

1Y

-5.1%

Updated

07 Oct, 2022

Data

Company Financials +
9502 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance0/6
Financial Health1/6
Dividends2/6

9502 Stock Overview

Chubu Electric Power Company, Incorporated, together with its subsidiaries, engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

Chubu Electric Power Company Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Chubu Electric Power Company
Historical stock prices
Current Share PriceJP¥1,255.00
52 Week HighJP¥1,447.00
52 Week LowJP¥1,112.00
Beta0.22
1 Month Change-10.10%
3 Month Change-8.93%
1 Year Change-5.07%
3 Year Change-22.58%
5 Year Change-10.84%
Change since IPO-62.61%

Recent News & Updates

Shareholder Returns

9502JP Electric UtilitiesJP Market
7D-3.8%-2.9%4.4%
1Y-5.1%-3.6%-2.9%

Return vs Industry: 9502 underperformed the JP Electric Utilities industry which returned -3.6% over the past year.

Return vs Market: 9502 underperformed the JP Market which returned -2.9% over the past year.

Price Volatility

Is 9502's price volatile compared to industry and market?
9502 volatility
9502 Average Weekly Movement3.6%
Electric Utilities Industry Average Movement3.8%
Market Average Movement3.5%
10% most volatile stocks in JP Market7.3%
10% least volatile stocks in JP Market1.9%

Stable Share Price: 9502 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 9502's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
188928,365Kingo Hayashihttps://www.chuden.co.jp

Chubu Electric Power Company, Incorporated, together with its subsidiaries, engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally. The company operates through three segments: JERA, Power Grid, and Miraiz. It generates electricity through thermal, nuclear, hydroelectric, wind, biomass, and solar sources.

Chubu Electric Power Company Fundamentals Summary

How do Chubu Electric Power Company's earnings and revenue compare to its market cap?
9502 fundamental statistics
Market CapJP¥964.08b
Earnings (TTM)-JP¥56.21b
Revenue (TTM)JP¥2.95t

0.3x

P/S Ratio

-16.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
9502 income statement (TTM)
RevenueJP¥2.95t
Cost of RevenueJP¥2.98t
Gross Profit-JP¥34.65b
Other ExpensesJP¥21.56b
Earnings-JP¥56.21b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 28, 2022

Earnings per share (EPS)-74.34
Gross Margin-1.18%
Net Profit Margin-1.91%
Debt/Equity Ratio129.9%

How did 9502 perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

-67%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 9502 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9502?

Other financial metrics that can be useful for relative valuation.

9502 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.3x
Enterprise Value/EBITDA24.2x
PEG Ration/a

Price to Sales Ratio vs Peers

How does 9502's PS Ratio compare to its peers?

9502 PS Ratio vs Peers
The above table shows the PS ratio for 9502 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.2x
9503 Kansai Electric Power Company
0.3x0.2%JP¥1.0t
9501 Tokyo Electric Power Company Holdings
0.1x-1.6%JP¥738.6b
9508 Kyushu Electric Power Company
0.2x1.0%JP¥349.3b
9506 Tohoku Electric Power Company
0.1x-0.4%JP¥323.0b
9502 Chubu Electric Power Company
0.3x0.4%JP¥964.1b

Price-To-Sales vs Peers: 9502 is expensive based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.2x).


Price to Earnings Ratio vs Industry

How does 9502's PE Ratio compare vs other companies in the Asian Electric Utilities Industry?

Price-To-Sales vs Industry: 9502 is good value based on its Price-To-Sales Ratio (0.3x) compared to the Asian Electric Utilities industry average (1x)


Price to Sales Ratio vs Fair Ratio

What is 9502's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

9502 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: 9502 is expensive based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).


Share Price vs Fair Value

What is the Fair Price of 9502 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9502 (¥1255) is trading below our estimate of fair value (¥1276.68)

Significantly Below Fair Value: 9502 is trading below fair value, but not by a significant amount.


Analyst Price Targets

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

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Chubu Electric Power Company forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


34.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9502 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.04%).

Earnings vs Market: 9502 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 9502 is expected to become profitable in the next 3 years.

Revenue vs Market: 9502's revenue (0.4% per year) is forecast to grow slower than the JP market (4.3% per year).

High Growth Revenue: 9502's revenue (0.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 9502's Return on Equity is forecast to be low in 3 years time (6.2%).


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Past Performance

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

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-6.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 9502 is currently unprofitable.

Growing Profit Margin: 9502 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 9502 is unprofitable, and losses have increased over the past 5 years at a rate of 6.4% per year.

Accelerating Growth: Unable to compare 9502's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 9502 is unprofitable, making it difficult to compare its past year earnings growth to the Electric Utilities industry (2.6%).


Return on Equity

High ROE: 9502 has a negative Return on Equity (-2.32%), as it is currently unprofitable.


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Financial Health

How is Chubu Electric Power Company's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 9502's short term assets (¥1,005.7B) do not cover its short term liabilities (¥1,166.0B).

Long Term Liabilities: 9502's short term assets (¥1,005.7B) do not cover its long term liabilities (¥2,901.9B).


Debt to Equity History and Analysis

Debt Level: 9502's net debt to equity ratio (121.1%) is considered high.

Reducing Debt: 9502's debt to equity ratio has reduced from 153.6% to 129.9% over the past 5 years.

Debt Coverage: 9502's debt is not well covered by operating cash flow (0.7%).

Interest Coverage: Insufficient data to determine if 9502's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Chubu Electric Power Company current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.98%

Current Dividend Yield

Dividend Yield vs Market

Chubu Electric Power Company Dividend Yield vs Market
How does Chubu Electric Power Company dividend yield compare to the market?
SegmentDividend Yield
Company (Chubu Electric Power Company)4.0%
Market Bottom 25% (JP)1.6%
Market Top 25% (JP)3.7%
Industry Average (Electric Utilities)4.3%
Analyst forecast in 3 Years (Chubu Electric Power Company)4.0%

Notable Dividend: 9502's dividend (3.98%) is higher than the bottom 25% of dividend payers in the JP market (1.63%).

High Dividend: 9502's dividend (3.98%) is in the top 25% of dividend payers in the JP market (3.68%)


Stability and Growth of Payments

Stable Dividend: 9502's dividend payments have been volatile in the past 10 years.

Growing Dividend: 9502's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: 9502 is paying a dividend but the company is unprofitable.


Cash Payout to Shareholders

Cash Flow Coverage: 9502 is paying a dividend but the company has no free cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average management tenure


CEO

Kingo Hayashi

4.33yrs

Tenure

Mr. Kingo Hayashi has been President at Chubu Electric Power Company, Incorporated since April 2020. Mr. Hayashi was Senior Managing Executive Officer of Chubu Electric Power Company, Incorporated (formerl...


Leadership Team

Experienced Management: 9502's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: 9502's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of 9502?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders154,2310.02%
Employee Share Scheme18,383,0002.4%
Institutions367,920,10748.7%
General Public369,680,27548.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 48.4% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
8.52%
BlackRock, Inc.
64,397,638¥80.8b68.64%0.01%
4.96%
Meiji Yasuda Life Insurance Company, Asset Management Arm
37,489,000¥47.0b0%1.09%
4.48%
Mitsubishi UFJ Trust and Banking Corporation, Asset Management Arm
33,852,572¥42.5b-15.94%0.34%
3.46%
The Vanguard Group, Inc.
26,130,520¥32.8b1.36%0.01%
3.1%
Nissay Asset Management Corporation
23,419,000¥29.4b0%0.31%
3.03%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
22,874,000¥28.7b0%0.16%
3.01%
Nomura Asset Management Co., Ltd.
22,770,100¥28.6b0.49%0.09%
2.65%
Asset Management One Co., Ltd.
20,052,900¥25.2b0%0.22%
2.43%
Chubu Electric Power Company Inc., ESOP
18,383,000¥23.1b0%no data
1.91%
Nikko Asset Management Co., Ltd.
14,419,500¥18.1b0%0.06%
1.52%
MUFG Bank, Ltd.,Investment Banking Arm
11,478,518¥14.4b0%0.48%
1.48%
Sumitomo Mitsui Financial Group Inc., Asset Management Arm
11,207,000¥14.1b0%0.29%
1.29%
Daiwa Asset Management Co. Ltd.
9,747,000¥12.2b-0.14%0.09%
1.26%
Mizuho Financial Group, Inc., Asset Management Arm
9,490,800¥11.9b0%0.36%
1.2%
Geode Capital Management, LLC
9,085,553¥11.4b0.9%0.01%
1.19%
JPMorgan Chase & Co, Brokerage and Securities Investments
9,003,000¥11.3b0%0.08%
0.69%
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.
5,237,400¥6.6b1.44%0.06%
0.54%
Norges Bank Investment Management
4,112,843¥5.2b0%no data
0.4%
Charles Schwab Investment Management, Inc.
2,988,143¥3.8b7.57%0.01%
0.39%
J.P. Morgan Asset Management, Inc.
2,957,794¥3.7b1.81%no data
0.21%
Tokio Marine Asset Management Co., Ltd.
1,601,000¥2.0b0%0.11%
0.21%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
1,560,863¥2.0b0%no data
0.19%
UBS Asset Management
1,435,758¥1.8b3.09%no data
0.15%
Deutsche Asset & Wealth Management
1,169,987¥1.5b19.36%no data
0.15%
Credit Suisse Asset Management (Switzerland)
1,117,811¥1.4b-12.01%0.01%

Company Information

Chubu Electric Power Company, Incorporated's employee growth, exchange listings and data sources


Key Information

  • Name: Chubu Electric Power Company, Incorporated
  • Ticker: 9502
  • Exchange: TSE
  • Founded: 1889
  • Industry: Electric Utilities
  • Sector: Utilities
  • Implied Market Cap: JP¥964.075b
  • Shares outstanding: 756.14m
  • Website: https://www.chuden.co.jp

Number of Employees


Location

  • Chubu Electric Power Company, Incorporated
  • 1 Higashi-shincho
  • Higashi-ku
  • Nagoya
  • Aichi
  • 461-8680
  • Japan


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CHUE.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992
9502TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
0C2DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/07 00:00
End of Day Share Price2022/10/07 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


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.