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Okinawa Electric Power Company

OTCPK:OKEP.F
Snowflake Description

Second-rate dividend payer with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OKEP.F
OTCPK
¥99B
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

The Okinawa Electric Power Company, Incorporated engages in the generation, transmission, and distribution of electricity in Okinawa Prefecture, Japan. The last earnings update was 55 days ago. More info.


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OKEP.F Share Price and Events
7 Day Returns
0%
OTCPK:OKEP.F
-0.2%
US Electric Utilities
1.9%
US Market
1 Year Returns
-
OTCPK:OKEP.F
13.7%
US Electric Utilities
9.7%
US Market
OKEP.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Okinawa Electric Power Company (OKEP.F) 0% 0% 0% - - -
US Electric Utilities -0.2% 1.8% 9.9% 13.7% 17.6% 37.4%
US Market 1.9% 4.9% 14.3% 9.7% 41.7% 50.8%
1 Year Return vs Industry and Market
  • No trading data on OKEP.F.
  • No trading data on OKEP.F.
Price Volatility
OKEP.F
Industry
5yr Volatility vs Market
Related Companies

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

Value

 Is Okinawa 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 Okinawa 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 Okinawa Electric Power Company.

OTCPK:OKEP.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:OKEP.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.24
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.243 (1 + (1- 30.86%) (213.95%))
0.734
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for OTCPK:OKEP.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Okinawa 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.

OTCPK:OKEP.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 7.5%)
2019 2,200.00 Analyst x1 2,046.55
2020 2,255.08 Est @ 2.5% 1,951.47
2021 2,313.08 Est @ 2.57% 1,862.04
2022 1,200.00 Analyst x1 898.63
2023 7,000.00 Analyst x1 4,876.36
2024 7,183.34 Est @ 2.62% 4,655.05
2025 7,373.87 Est @ 2.65% 4,445.22
2026 7,571.17 Est @ 2.68% 4,245.80
2027 7,774.99 Est @ 2.69% 4,055.98
2028 7,985.17 Est @ 2.7% 3,875.08
Present value of next 10 years cash flows ¥32,912.18
OTCPK:OKEP.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥7,985.17 × (1 + 2.73%) ÷ (7.5% – 2.73%)
¥172,046.33
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥172,046.33 ÷ (1 + 7.5%)10
¥83,491.37
OTCPK:OKEP.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥32,912.18 + ¥83,491.37
¥116,403.55
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥116,403.55 / 51.83
¥2245.96
OTCPK:OKEP.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:OKEP.F represents 0.01057x of TSE:9511
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.01057x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,245.96 x 0.01057
$23.75
Value per share (USD) From above. $23.75
Current discount Discount to share price of $20.10
= -1 x ($20.10 - $23.75) / $23.75
15.4%

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

Current Discount
Amount off the current price Okinawa Electric Power Company is available for.
Intrinsic value
15%
Share price is $20.1 vs Future cash flow value of $23.75
Current Discount Checks
For Okinawa 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.
  • Okinawa Electric Power Company's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Okinawa Electric Power Company's share price is below the future cash flow value, but not 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 Okinawa Electric Power Company's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Okinawa Electric Power Company's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:OKEP.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥20.11
TSE:9511 Share Price ** TSE (2019-01-08) in JPY ¥1901
United States of America Electric Utilities Industry PE Ratio Median Figure of 25 Publicly-Listed Electric Utilities Companies 22.07x
United States of America Market PE Ratio Median Figure of 3,067 Publicly-Listed Companies 18.11x

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

** Primary Listing of Okinawa Electric Power Company.

OTCPK:OKEP.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9511 Share Price ÷ EPS (both in JPY)

= 1901 ÷ 20.11

94.54x

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

  • Okinawa Electric Power Company is overvalued based on earnings compared to the US Electric Utilities industry average.
  • Okinawa Electric Power Company is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Okinawa Electric Power Company's expected growth come at a high price?
Raw Data
OTCPK:OKEP.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 94.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
18.5%per year
United States of America Electric Utilities Industry PEG Ratio Median Figure of 22 Publicly-Listed Electric Utilities Companies 2.93x
United States of America Market PEG Ratio Median Figure of 2,106 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

OTCPK:OKEP.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 94.54x ÷ 18.5%

5.1x

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

  • Okinawa Electric Power Company is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Okinawa Electric Power Company's assets?
Raw Data
OTCPK:OKEP.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥2,948.53
TSE:9511 Share Price * TSE (2019-01-08) in JPY ¥1901
United States of America Electric Utilities Industry PB Ratio Median Figure of 29 Publicly-Listed Electric Utilities Companies 2.1x
United States of America Market PB Ratio Median Figure of 5,163 Publicly-Listed Companies 1.94x
OTCPK:OKEP.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9511 Share Price ÷ Book Value per Share (both in JPY)

= 1901 ÷ 2,948.53

0.64x

* Primary Listing of Okinawa Electric Power Company.

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

  • Okinawa Electric Power Company is good value based on assets compared to the US Electric Utilities industry average.
X
Value checks
We assess Okinawa 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. Okinawa Electric Power Company has a total score of 1/6, 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.

Future Performance

 How is Okinawa Electric Power Company expected to perform in the next 1 to 3 years based on estimates from 3 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
18.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Okinawa Electric Power Company expected to grow at an attractive rate?
  • Okinawa Electric Power Company's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Okinawa Electric Power Company's earnings growth is expected to exceed the United States of America market average.
  • Okinawa Electric Power Company's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:OKEP.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:OKEP.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 18.5%
OTCPK:OKEP.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 1.5%
United States of America Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 9.9%
United States of America Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
OTCPK:OKEP.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:OKEP.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 218,800 32,000 7,200 1
2022-03-31 218,000 31,200 7,200 1
2021-03-31 216,233 30,800 6,833 3
2020-03-31 213,033 30,000 6,233 3
2019-03-31 208,900 29,200 4,750 3
OTCPK:OKEP.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 202,163 1,043
2018-09-30 200,649 23,389 1,939
2018-06-30 201,140 5,008
2018-03-31 196,134 32,610 6,273
2017-12-31 193,067 7,088
2017-09-30 189,395 32,671 6,206
2017-06-30 181,798 5,976
2017-03-31 179,997 31,907 5,517
2016-12-31 180,201 6,085
2016-09-30 181,266 36,590 6,626
2016-06-30 181,834 4,090
2016-03-31 182,265 33,875 3,647

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Okinawa Electric Power Company's earnings are expected to grow by 18.5% yearly, however this is not considered high growth (20% yearly).
  • Okinawa Electric Power Company's revenue is expected to grow by 1.5% 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
OTCPK:OKEP.F 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 3 Analyst Estimates (S&P Global) See Below

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

OTCPK:OKEP.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 143.50 143.50 143.50 1.00
2022-03-31 141.20 141.20 141.20 1.00
2021-03-31 131.85 142.80 117.70 3.00
2020-03-31 120.24 127.30 113.80 3.00
2019-03-31 91.67 100.33 83.00 2.00
OTCPK:OKEP.F Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 20.11
2018-09-30 37.11
2018-06-30 94.85
2018-03-31 117.58
2017-12-31 131.60
2017-09-30 114.87
2017-06-30 110.61
2017-03-31 102.11
2016-12-31 112.61
2016-09-30 122.62
2016-06-30 75.69
2016-03-31 67.49

*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.
  • Okinawa 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 Okinawa 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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Okinawa 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.

Past Performance

  How has Okinawa 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 Okinawa 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.
  • Okinawa Electric Power Company's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Okinawa Electric Power Company's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Okinawa Electric Power Company's 1-year earnings growth is negative, it can't be compared to the US Electric Utilities industry average.
Earnings and Revenue History
Okinawa 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 Okinawa Electric Power Company Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:OKEP.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 202,163.00 1,043.00
2018-09-30 200,649.00 1,939.00
2018-06-30 201,140.00 5,008.00
2018-03-31 196,134.00 6,273.00
2017-12-31 193,067.00 7,088.00
2017-09-30 189,395.00 6,206.00
2017-06-30 181,798.00 5,976.00
2017-03-31 179,997.00 5,517.00
2016-12-31 180,201.00 6,085.00
2016-09-30 181,266.00 6,626.00
2016-06-30 181,834.00 4,090.00
2016-03-31 182,265.00 3,647.00
2015-12-31 183,461.00 3,358.00
2015-09-30 183,549.00 4,268.00
2015-06-30 184,915.00 5,635.00
2015-03-31 185,001.00 4,943.00
2014-12-31 184,319.00 2,341.00
2014-09-30 182,824.00 3,142.00
2014-06-30 181,442.00 4,326.00
2014-03-31 179,266.00 4,731.00
2013-12-31 175,469.00 5,956.00
2013-09-30 170,836.00 3,731.00
2013-06-30 167,852.00 3,189.00
2013-03-31 166,439.00 4,318.00
2012-12-31 167,616.00 7,458.00
2012-09-30 169,687.00 8,858.00
2012-06-30 167,904.00 8,560.00

*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.
  • Okinawa Electric Power Company has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Okinawa Electric Power Company used its assets less efficiently than the US Electric Utilities industry average last year based on Return on Assets.
  • Okinawa Electric Power Company's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Okinawa 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.
Okinawa 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.

Health

 How is Okinawa 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 Okinawa Electric Power Company's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Okinawa Electric Power Company is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Okinawa 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 Okinawa 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 0.3x 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 Okinawa Electric Power Company Company Filings, last reported 3 months ago.

OTCPK:OKEP.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 154,047.00 210,795.00 18,881.00
2018-09-30 155,118.00 206,084.00 20,619.00
2018-06-30 150,316.00 214,729.00 21,796.00
2018-03-31 152,759.00 203,012.00 21,010.00
2017-12-31 157,015.00 206,988.00 20,202.00
2017-09-30 160,822.00 205,160.00 21,539.00
2017-06-30 152,585.00 213,833.00 17,037.00
2017-03-31 153,360.00 206,925.00 15,836.00
2016-12-31 156,159.00 208,439.00 15,104.00
2016-09-30 154,840.00 213,230.00 16,389.00
2016-06-30 146,722.00 224,961.00 16,929.00
2016-03-31 148,110.00 217,468.00 14,450.00
2015-12-31 152,888.00 221,534.00 11,560.00
2015-09-30 151,891.00 224,341.00 11,392.00
2015-06-30 146,953.00 234,278.00 11,992.00
2015-03-31 147,972.00 231,204.00 13,516.00
2014-12-31 150,850.00 232,423.00 10,726.00
2014-09-30 148,516.00 233,715.00 11,250.00
2014-06-30 141,437.00 242,971.00 10,720.00
2014-03-31 141,102.00 234,964.00 10,181.00
2013-12-31 145,740.00 242,684.00 8,486.00
2013-09-30 142,395.00 236,167.00 16,614.00
2013-06-30 134,461.00 244,176.00 9,738.00
2013-03-31 136,054.00 243,487.00 17,730.00
2012-12-31 139,914.00 247,414.00 9,776.00
2012-09-30 139,046.00 231,517.00 11,172.00
2012-06-30 131,625.00 236,444.00 10,217.00
  • Okinawa Electric Power Company's level of debt (136.8%) 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 (166.5% vs 136.8% today).
  • Debt is not well covered by operating cash flow (11.1%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Okinawa 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. Okinawa 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.

Dividends

 What is Okinawa 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
3.16%
Current annual income from Okinawa Electric Power Company dividends. Estimated to be 3.33% next year.
If you bought $2,000 of Okinawa Electric Power Company shares you are expected to receive $63 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?
  • Okinawa Electric Power Company's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.42%).
  • Okinawa Electric Power Company's dividend is below the markets top 25% of dividend payers in United States of America (3.66%).
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
OTCPK:OKEP.F 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 3 Analyst Estimates (S&P Global) See Below
United States of America Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 3.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:OKEP.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 70.00 1.00
2022-03-31 70.00 1.00
2021-03-31 60.00 2.00
2020-03-31 60.00 2.00
2019-03-31 60.00 2.00
OTCPK:OKEP.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-12 60.000 2.988
2019-01-31 60.000 2.923
2018-10-31 60.000 2.808
2018-06-29 48.000 2.077
2018-04-27 48.000 1.969
2018-02-09 48.000 2.019
2018-01-30 48.000 2.152
2017-11-09 48.000 2.092
2017-10-31 48.000 2.105
2017-06-30 43.636 2.153
2017-04-28 43.636 2.088
2017-02-09 43.636 2.310
2017-01-31 43.636 2.334
2016-11-09 43.636 2.383
2016-10-28 43.636 2.505
2016-06-30 29.091 1.829
2016-04-28 29.091 1.915
2016-02-09 29.091 2.096
2016-01-29 29.091 2.073
2015-11-11 29.091 2.015
2015-10-30 29.091 1.985
2015-06-29 19.394 1.350
2015-04-30 19.394 1.258
2015-02-10 19.394 1.423
2015-01-30 19.394 1.533
2014-11-12 19.394 1.611
2014-10-31 19.394 1.728
2014-06-30 19.394 1.774
2014-04-30 19.394 1.799
2014-02-12 19.394 1.768
2014-01-31 19.394 1.874
2013-11-13 19.394 1.786
2013-10-31 19.394 1.824
2013-06-28 19.394 1.680
2013-04-30 19.394 1.620
2013-02-12 19.394 1.923
2013-01-31 19.394 2.057
2012-11-09 19.394 2.262
2012-10-30 19.394 2.437
2012-07-31 19.394 2.349
2012-06-29 19.394 2.547
2012-04-27 19.394 2.256
2012-02-10 19.394 1.768
2012-01-31 19.394 1.827
2011-11-11 19.394 1.839
2011-10-28 19.394 1.883
2011-07-29 19.394 1.742
2011-06-30 19.394 1.635
2011-04-28 19.394 1.784
2011-02-10 19.394 1.563
2011-01-28 19.394 1.556
2010-11-11 19.394 1.545
2010-10-28 19.394 1.599
2010-06-30 19.394 1.427
2010-04-30 19.394 1.260
2010-02-12 19.394 1.213
2010-01-28 19.394 1.225
2009-11-12 19.394 1.210
2009-10-30 19.394 1.241
2009-04-30 19.394 1.164
2009-04-09 19.394 1.216

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Okinawa Electric Power Company's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.4x 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.
X
Income/ dividend checks
We assess Okinawa 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 Okinawa Electric Power Company afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Okinawa Electric Power Company has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of Okinawa 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
Hiroyuki Motonaga
AGE 55
TENURE AS CEO 0.3 years
CEO Bio

Mr. Hiroyuki Motonaga serves as President and Chief Executive Officer at The Okinawa Electric Power Company, Incorporated since 2019. He served as an Executive Vice President and Director at The Okinawa Electric Power Company, Incorporated until 2019. Mr. Motonaga served as a Secretary at The Okinawa Electric Power Company, Incorporated. Mr. Motonaga serves as a Manager of General Affairs Department and Director of The Okinawa Electric Power Company. He joined as a Manager of Planning Department, Planning Division at Okinawa Electric Power Company, Incorporated since July 2011. He has been an Outside Audit & Supervisory Board Member of The Bank of Okinawa, Ltd. since June 2015.

CEO Compensation
  • Insufficient data for Hiroyuki to compare compensation growth.
  • Insufficient data for Hiroyuki to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Hiroyuki Motonaga

TITLE
President & CEO
AGE
55
TENURE
0.3 yrs

Hideki Onkawa

TITLE
MD, Manager of Accounting Department & Director
AGE
57

Takeshi Nakazato

TITLE
MD, Deputy GM of Planning Division & Director
AGE
57
TENURE
7.8 yrs

Kiyohito Shimabukuro

TITLE
Executive VP & Director

Hitoshi Nakasone

TITLE
Manager of Customer Headquarters & Director
AGE
56
Board of Directors

Mitsuru Omine

TITLE
Chairman of the Board
AGE
63
TENURE
0.3 yrs

Hideki Onkawa

TITLE
MD, Manager of Accounting Department & Director
AGE
57

Takeshi Nakazato

TITLE
MD, Deputy GM of Planning Division & Director
AGE
57

Kiyohito Shimabukuro

TITLE
Executive VP & Director

Hitoshi Nakasone

TITLE
Manager of Customer Headquarters & Director
AGE
56

Denichiro Ishimine

TITLE
Director Counselor
AGE
69

Kunio Oroku

TITLE
Outside Director
AGE
83

Manabu Miyazato

TITLE
Director

Akira Okada

TITLE
Outside Director

Hayato Narisoko

TITLE
Director
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Okinawa 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. Okinawa 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.

News

Simply Wall St News

Company Info

Description

The Okinawa Electric Power Company, Incorporated engages in the generation, transmission, and distribution of electricity in Okinawa Prefecture, Japan. The company generates electricity from thermal sources. It supplies electricity to approximately 700,000 corporate and individual customers in the service territory of 2,264 square kilometers. The company is involved in the construction and operation of electrical machinery and facilities. The Okinawa Electric Power Company, Incorporated was founded in 1972 and is headquartered in Urasoe, Japan.

Details
Name: The Okinawa Electric Power Company, Incorporated
OKEP.F
Exchange: OTCPK
Founded: 1972
¥881,732,269
51,827,861
Website: http://www.okiden.co.jp
Address: The Okinawa Electric Power Company, Incorporated
5-2-1, Makiminato,
Urasoe,
Okinawa, 901-2602,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9511 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK OKEP.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
Number of employees
Current staff
Staff numbers
2,676
Okinawa Electric Power Company employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/08 00:12
End of day share price update: 2019/01/08 00:00
Last estimates confirmation: 2019/02/04
Last earnings filing: 2019/02/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.