ELECTRIC POWER DEVELOPMENT CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,628 JPY | +1.00% |
|
+0.27% | +14.84% |
| Apr. 11 | Kyoto Fusioneering Ltd. announced that it has received ¥12.06 billion in funding from a group of investors | CI |
| Apr. 08 | Genex Power Extends Exclusivity Period for J-POWER's Takeover Proposal | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 493,500 | 398,680 | 354,016 | 319,968 | 389,679 | 480,582 | - | - |
| Enterprise Value (EV) 1 | 1,948,187 | 1,885,682 | 1,807,797 | 1,883,338 | 1,933,482 | 2,003,866 | 2,012,099 | 2,018,564 |
| P/E ratio | 10.7 x | 9.43 x | 15.9 x | 4.59 x | 3.43 x | 7.21 x | 7.31 x | 7.18 x |
| Yield | 2.78% | 3.44% | 3.88% | 4.29% | 4.22% | 3.42% | 3.5% | 3.5% |
| Capitalization / Revenue | 0.55 x | 0.44 x | 0.39 x | 0.3 x | 0.21 x | 0.35 x | 0.37 x | 0.38 x |
| EV / Revenue | 2.17 x | 2.06 x | 1.99 x | 1.74 x | 1.05 x | 1.48 x | 1.56 x | 1.58 x |
| EV / EBITDA | 12.3 x | 11.3 x | 10.4 x | 10.2 x | 6.63 x | 9.42 x | 8.92 x | 8.98 x |
| EV / FCF | 47.9 x | -546 x | 73.2 x | -37.3 x | 387 x | 45.4 x | 67.1 x | 72.1 x |
| FCF Yield | 2.09% | -0.18% | 1.37% | -2.68% | 0.26% | 2.2% | 1.49% | 1.39% |
| Price to Book | 0.62 x | 0.49 x | 0.44 x | 0.35 x | 0.36 x | 0.42 x | 0.41 x | 0.39 x |
| Nbr of stocks (in thousands) | 183,049 | 183,049 | 183,049 | 183,048 | 182,862 | 182,870 | - | - |
| Reference price 2 | 2,696 | 2,178 | 1,934 | 1,748 | 2,131 | 2,628 | 2,628 | 2,628 |
| Announcement Date | 4/26/19 | 4/30/20 | 4/30/21 | 5/11/22 | 5/10/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 897,366 | 913,775 | 909,144 | 1,084,621 | 1,841,922 | 1,355,320 | 1,289,580 | 1,279,840 |
| EBITDA 1 | 158,823 | 166,647 | 174,220 | 183,976 | 291,509 | 212,675 | 225,575 | 224,750 |
| EBIT 1 | 78,844 | 83,638 | 77,775 | 86,979 | 183,867 | 91,020 | 105,420 | 106,040 |
| Operating Margin | 8.79% | 9.15% | 8.55% | 8.02% | 9.98% | 6.72% | 8.17% | 8.29% |
| Earnings before Tax (EBT) 1 | 68,539 | 65,587 | 64,674 | 72,846 | 170,792 | 95,167 | 92,733 | 92,767 |
| Net income 1 | 46,252 | 42,277 | 22,304 | 69,687 | 113,689 | 66,640 | 65,760 | 66,960 |
| Net margin | 5.15% | 4.63% | 2.45% | 6.43% | 6.17% | 4.92% | 5.1% | 5.23% |
| EPS 2 | 252.7 | 231.0 | 121.8 | 380.7 | 621.5 | 364.4 | 359.6 | 366.2 |
| Free Cash Flow 1 | 40,643 | -3,451 | 24,685 | -50,466 | 4,993 | 44,133 | 30,000 | 28,000 |
| FCF margin | 4.53% | -0.38% | 2.72% | -4.65% | 0.27% | 3.26% | 2.33% | 2.19% |
| FCF Conversion (EBITDA) | 25.59% | - | 14.17% | - | 1.71% | 20.75% | 13.3% | 12.46% |
| FCF Conversion (Net income) | 87.87% | - | 110.68% | - | 4.39% | 66.23% | 45.62% | 41.82% |
| Dividend per Share 2 | 75.00 | 75.00 | 75.00 | 75.00 | 90.00 | 90.00 | 92.00 | 92.00 |
| Announcement Date | 4/26/19 | 4/30/20 | 4/30/21 | 5/11/22 | 5/10/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 461,934 | 408,555 | 240,068 | 431,811 | 277,702 | 375,108 | 323,319 | 516,479 | 839,798 | 561,756 | 440,368 | 281,382 | 350,212 | 631,594 | 329,248 | 358,850 | 246,200 | 310,750 | 316,450 | 362,000 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 49,498 | 54,308 | 13,295 | 34,839 | 29,093 | 23,047 | 19,507 | 66,811 | 86,318 | 75,193 | 22,356 | 26,558 | 18,440 | 44,998 | 38,727 | 9,650 | 23,200 | 28,800 | 27,800 | 25,950 |
| Operating Margin | 10.72% | 13.29% | 5.54% | 8.07% | 10.48% | 6.14% | 6.03% | 12.94% | 10.28% | 13.39% | 5.08% | 9.44% | 5.27% | 7.12% | 11.76% | 2.69% | 9.42% | 9.27% | 8.78% | 7.17% |
| Earnings before Tax (EBT) 1 | 42,499 | 48,286 | 6,747 | 26,629 | 28,237 | 17,980 | 21,487 | 64,652 | 86,139 | 72,108 | 12,545 | 27,447 | 14,975 | 42,422 | 42,379 | 28,800 | 14,900 | 20,700 | 22,100 | 28,300 |
| Net income 1 | 28,201 | 33,779 | 4,164 | 18,184 | 22,209 | 29,294 | 13,036 | 45,364 | 58,400 | 52,657 | 2,632 | 17,611 | 10,120 | 27,731 | 28,625 | 15,100 | 15,100 | 17,600 | 17,900 | 15,700 |
| Net margin | 6.1% | 8.27% | 1.73% | 4.21% | 8% | 7.81% | 4.03% | 8.78% | 6.95% | 9.37% | 0.6% | 6.26% | 2.89% | 4.39% | 8.69% | 4.21% | 6.13% | 5.66% | 5.66% | 4.34% |
| EPS 2 | 154.1 | 184.5 | 22.75 | 99.34 | 121.3 | 160.0 | 71.22 | 247.9 | 319.1 | 287.9 | 14.46 | 96.31 | 55.34 | 151.6 | 156.5 | 106.7 | 60.10 | 83.20 | 89.00 | 113.9 |
| Dividend per Share | 35.00 | 35.00 | - | 35.00 | - | - | - | - | 40.00 | - | - | - | - | 45.00 | - | - | - | - | - | - |
| Announcement Date | 10/31/19 | 10/30/20 | 10/29/21 | 10/29/21 | 1/31/22 | 5/11/22 | 7/29/22 | 10/31/22 | 10/31/22 | 1/31/23 | 5/10/23 | 7/31/23 | 10/31/23 | 10/31/23 | 1/31/24 | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,454,687 | 1,487,002 | 1,453,781 | 1,563,370 | 1,543,803 | 1,523,283 | 1,531,517 | 1,537,982 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 9.159 x | 8.923 x | 8.345 x | 8.498 x | 5.296 x | 7.162 x | 6.789 x | 6.843 x |
| Free Cash Flow 1 | 40,643 | -3,451 | 24,685 | -50,466 | 4,993 | 44,133 | 30,000 | 28,000 |
| ROE (net income / shareholders' equity) | 5.8% | 5.3% | 2.8% | 8.1% | 11.4% | 6% | 5.68% | 5.48% |
| ROA (Net income/ Total Assets) | 2.53% | 2.8% | 2.16% | 2.47% | 5.31% | 2.27% | 2.1% | 2.05% |
| Assets 1 | 1,826,554 | 1,508,288 | 1,034,091 | 2,825,958 | 2,139,710 | 2,939,996 | 3,131,429 | 3,266,341 |
| Book Value Per Share 2 | 4,357 | 4,413 | 4,420 | 5,004 | 5,932 | 6,207 | 6,470 | 6,734 |
| Cash Flow per Share | 690.0 | 684.0 | 649.0 | 911.0 | 1,210 | - | - | - |
| Capex 1 | 107,780 | 162,696 | 171,509 | 132,116 | 121,806 | 140,000 | 160,350 | 160,350 |
| Capex / Sales | 12.01% | 17.8% | 18.86% | 12.18% | 6.61% | 10.33% | 12.43% | 12.53% |
| Announcement Date | 4/26/19 | 4/30/20 | 4/30/21 | 5/11/22 | 5/10/23 | - | - | - |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
2,628
JPY
Average target price
2,355
JPY
Spread / Average Target
-10.39%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +14.84% | 3.05B | |
| +8.64% | 136B | |
| +4.41% | 80.06B | |
| -2.19% | 77.98B | |
| +0.69% | 75.38B | |
| -8.92% | 66.47B | |
| +61.15% | 59.36B | |
| +4.97% | 44.9B | |
| +7.34% | 42.26B | |
| 0.00% | 41.94B |
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- Financials Electric Power Development Co., Ltd.
