Chubu Electric Power Company, Incorporated

TSE:9502 Stock Report

Market Cap: JP¥1.3t

Chubu Electric Power Company Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 9502 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9502 (¥1714) is trading above our estimate of fair value (¥1577.74)

Significantly Below Fair Value: 9502 is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As 9502 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 9502. This is calculated by dividing 9502's market cap by their current earnings.
What is 9502's PE Ratio?
PE Ratio5.4x
EarningsJP¥238.59b
Market CapJP¥1.30t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 9502 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.6x
9501 Tokyo Electric Power Company Holdings
8.8x19.2%JP¥936.3b
9503 Kansai Electric Power Company
5.9x1.1%JP¥1.8t
9508 Kyushu Electric Power Company
8x6.1%JP¥727.7b
9506 Tohoku Electric Power Company
3.7x-4.3%JP¥659.7b
9502 Chubu Electric Power Company
5.4x-5.5%JP¥1.3t

Price-To-Earnings vs Peers: 9502 is good value based on its Price-To-Earnings Ratio (5.4x) compared to the peer average (6.6x).

Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
9502 5.4xIndustry Avg. 16.1xNo. of Companies13PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 9502 is good value based on its Price-To-Earnings Ratio (5.4x) compared to the Asian Electric Utilities industry average (16.4x).

Price to Earnings Ratio vs Fair Ratio

What is 9502'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.

9502 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.4x
Fair PE Ratio7.3x

Price-To-Earnings vs Fair Ratio: 9502 is good value based on its Price-To-Earnings Ratio (5.4x) compared to the estimated Fair Price-To-Earnings Ratio (7.3x).

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 9502 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥1,714.00
JP¥2,008.00
+17.2%
5.5%JP¥2,170.00JP¥1,830.00n/a5
Nov ’25JP¥1,747.00
JP¥2,008.00
+14.9%
5.5%JP¥2,170.00JP¥1,830.00n/a5
Oct ’25JP¥1,680.50
JP¥1,928.00
+14.7%
5.6%JP¥2,050.00JP¥1,770.00n/a5
Sep ’25JP¥1,819.00
JP¥1,962.00
+7.9%
5.0%JP¥2,050.00JP¥1,770.00n/a5
Aug ’25JP¥1,791.00
JP¥2,018.00
+12.7%
7.9%JP¥2,270.00JP¥1,770.00n/a5
Jul ’25JP¥1,893.00
JP¥2,080.00
+9.9%
5.4%JP¥2,270.00JP¥2,000.00n/a4
Jun ’25JP¥2,166.50
JP¥2,080.00
-4.0%
5.4%JP¥2,270.00JP¥2,000.00n/a4
May ’25JP¥2,003.50
JP¥1,966.00
-1.9%
6.0%JP¥2,090.00JP¥1,770.00n/a5
Apr ’25JP¥1,944.00
JP¥1,932.00
-0.6%
6.6%JP¥2,090.00JP¥1,770.00n/a5
Mar ’25JP¥1,887.00
JP¥1,932.00
+2.4%
6.6%JP¥2,090.00JP¥1,770.00n/a5
Feb ’25JP¥1,942.00
JP¥1,880.00
-3.2%
4.9%JP¥2,020.00JP¥1,770.00n/a4
Jan ’25JP¥1,821.50
JP¥1,880.00
+3.2%
4.9%JP¥2,020.00JP¥1,770.00n/a4
Dec ’24JP¥1,852.50
JP¥1,860.00
+0.4%
4.9%JP¥2,020.00JP¥1,770.00n/a5
Nov ’24JP¥1,881.50
JP¥1,854.00
-1.5%
4.8%JP¥2,000.00JP¥1,770.00JP¥1,747.005
Oct ’24JP¥1,907.00
JP¥1,854.00
-2.8%
4.8%JP¥2,000.00JP¥1,770.00JP¥1,680.505
Sep ’24JP¥1,954.00
JP¥1,650.00
-15.6%
14.7%JP¥1,910.00JP¥1,250.00JP¥1,819.005
Aug ’24JP¥1,838.00
JP¥1,640.00
-10.8%
14.2%JP¥1,870.00JP¥1,250.00JP¥1,791.005
Jul ’24JP¥1,757.00
JP¥1,640.00
-6.7%
14.2%JP¥1,870.00JP¥1,250.00JP¥1,893.005
Jun ’24JP¥1,675.00
JP¥1,514.00
-9.6%
13.3%JP¥1,870.00JP¥1,250.00JP¥2,166.505
May ’24JP¥1,554.00
JP¥1,428.00
-8.1%
7.2%JP¥1,540.00JP¥1,250.00JP¥2,003.505
Apr ’24JP¥1,399.00
JP¥1,428.00
+2.1%
7.2%JP¥1,540.00JP¥1,250.00JP¥1,944.005
Mar ’24JP¥1,408.00
JP¥1,431.67
+1.7%
6.6%JP¥1,540.00JP¥1,250.00JP¥1,887.006
Feb ’24JP¥1,387.00
JP¥1,375.00
-0.9%
7.6%JP¥1,530.00JP¥1,250.00JP¥1,942.006
Jan ’24JP¥1,362.00
JP¥1,385.00
+1.7%
7.5%JP¥1,530.00JP¥1,250.00JP¥1,821.506
Dec ’23JP¥1,263.00
JP¥1,376.67
+9.0%
5.4%JP¥1,450.00JP¥1,250.00JP¥1,852.506
Nov ’23JP¥1,203.00
JP¥1,376.67
+14.4%
5.4%JP¥1,450.00JP¥1,250.00JP¥1,881.506

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

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