TOKYO ELECTRIC POWER COMPANY HOLDINGS, INC. Financials Tokyo Electric Power Company Holdings, Inc.
Equities
9501
JP3585800000
Electric Utilities
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 902.4 JPY | -2.18% |
|
-2.84% | +22.19% |
| May. 29 | Japan's Nikkei sheds early gains amid rising JGB yields | RE |
| May. 24 | Japan's JERA warns it could switch investment from Australia unless it gets govt support | RE |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,121,563 | 604,035 | 591,213 | 645,677 | 757,819 | 1,477,961 | - | - |
| Enterprise Value (EV) 1 | 6,018,393 | 3,736,796 | 4,632,091 | 5,233,213 | 5,809,043 | 1,512,407 | 1,477,961 | 1,477,961 |
| P/E ratio | 4.83 x | 11.9 x | 3.27 x | 114 x | -6.13 x | 5.65 x | 6.32 x | 5.45 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.18 x | 0.1 x | 0.1 x | 0.12 x | 0.1 x | 0.22 x | 0.21 x | 0.21 x |
| EV / Revenue | 0.18 x | 0.1 x | 0.1 x | 0.12 x | 0.1 x | 0.22 x | 0.21 x | 0.21 x |
| EV / EBITDA | 1.31 x | 0.95 x | 1.06 x | 1.39 x | 6.76 x | 2.37 x | 2.24 x | 1.99 x |
| EV / FCF | -16.7 x | -3.27 x | -1.6 x | -4.21 x | -1.06 x | -16.4 x | -7.21 x | -33.7 x |
| FCF Yield | -5.99% | -30.6% | -62.4% | -23.7% | -94.1% | -6.09% | -13.9% | -2.96% |
| Price to Book | 0.59 x | 0.32 x | 0.28 x | 0.29 x | 0.36 x | 0.6 x | 0.45 x | 0.44 x |
| Nbr of stocks (in thousands) | 1,602,232 | 1,602,216 | 1,602,203 | 1,602,176 | 1,602,154 | 1,602,126 | - | - |
| Reference price 2 | 700.0 | 377.0 | 369.0 | 403.0 | 473.0 | 922.5 | 922.5 | 922.5 |
| Announcement Date | 4/25/19 | 5/15/20 | 4/28/21 | 4/28/22 | 4/28/23 | 4/30/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,338,490 | 6,241,422 | 5,866,824 | 5,309,924 | 7,798,696 | 6,918,389 | 6,887,856 | 7,019,548 |
| EBITDA 1 | 854,062 | 634,336 | 555,499 | 465,433 | 112,176 | 637,063 | 659,900 | 742,400 |
| EBIT 1 | 312,257 | 211,841 | 143,460 | 46,230 | -228,969 | 278,856 | 208,000 | 275,800 |
| Operating Margin | 4.93% | 3.39% | 2.45% | 0.87% | -2.94% | 4.03% | 3.02% | 3.93% |
| Earnings before Tax (EBT) 1 | 258,625 | 69,259 | 190,393 | 14,075 | -111,911 | 302,345 | 281,841 | 323,844 |
| Net income 1 | 232,414 | 50,703 | 180,896 | 5,640 | -123,631 | 267,850 | 233,764 | 271,143 |
| Net margin | 3.67% | 0.81% | 3.08% | 0.11% | -1.59% | 3.87% | 3.39% | 3.86% |
| EPS 2 | 145.1 | 31.65 | 112.9 | 3.520 | -77.17 | 167.2 | 145.9 | 169.3 |
| Free Cash Flow 1 | -67,128 | -184,760 | -369,032 | -153,298 | -713,393 | -92,125 | -204,929 | -43,815 |
| FCF margin | -1.06% | -2.96% | -6.29% | -2.89% | -9.15% | -1.33% | -2.98% | -0.62% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 4/25/19 | 5/15/20 | 4/28/21 | 4/28/22 | 4/28/23 | 4/30/24 | - | - |
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 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,175,671 | 2,834,222 | 1,230,671 | 2,210,745 | 1,292,795 | 1,806,384 | 1,476,485 | 2,028,817 | 3,505,302 | 2,007,312 | 1,615,156 | 1,898,554 | 3,513,710 | 1,591,348 | 1,813,331 | 1,489,900 | 1,790,500 | 3,280,300 | 1,635,300 | 1,456,900 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 196,619 | 181,398 | 108,370 | 97,020 | -8,936 | -41,854 | -44,267 | -111,832 | -156,099 | -117,521 | 151,137 | 203,578 | 354,715 | 27,819 | -103,678 | 103,800 | 114,300 | 218,100 | -2,300 | -19,800 |
| Operating Margin | 6.19% | 6.4% | 8.81% | 4.39% | -0.69% | -2.32% | -3% | -5.51% | -4.45% | -5.85% | 9.36% | 10.72% | 10.1% | 1.75% | -5.72% | 6.97% | 6.38% | 6.65% | -0.14% | -1.36% |
| Earnings before Tax (EBT) 1 | 450,645 | 156,731 | 103,409 | 101,202 | -82,001 | - | -65,049 | - | -138,839 | -503,302 | 182,795 | 230,817 | 413,612 | -3,895 | -107,372 | 141,600 | 144,900 | 286,500 | 4,100 | -49,700 |
| Net income 1 | 420,642 | 148,613 | 91,677 | 88,646 | -78,844 | - | -67,062 | -76,311 | -143,373 | -507,575 | 136,286 | 214,540 | 350,826 | 541 | -83,517 | 128,400 | 131,300 | 259,700 | 3,700 | -45,000 |
| Net margin | 13.25% | 5.24% | 7.45% | 4.01% | -6.1% | - | -4.54% | -3.76% | -4.09% | -25.29% | 8.44% | 11.3% | 9.98% | 0.03% | -4.61% | 8.62% | 7.33% | 7.92% | 0.23% | -3.09% |
| EPS | 262.5 | 92.76 | 57.22 | 55.33 | -49.21 | - | -41.86 | -47.63 | -89.49 | -316.8 | 85.06 | 133.9 | 219.0 | 0.3400 | -52.13 | 25.70 | 26.30 | 52.00 | 0.7000 | -9.000 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/28/19 | 10/28/20 | 10/27/21 | 10/27/21 | 1/31/22 | 4/28/22 | 8/2/22 | 11/1/22 | 11/1/22 | 2/1/23 | 8/2/23 | 10/31/23 | 10/31/23 | 1/31/24 | 4/30/24 | - | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | 4,896,830 | 3,132,761 | 4,040,878 | 4,587,536 | 5,051,224 | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.734 x | 4.939 x | 7.274 x | 9.856 x | 45.03 x | - | - | - |
| Free Cash Flow 1 | -67,128 | -184,760 | -369,032 | -153,298 | -713,393 | -92,125 | -204,929 | -43,815 |
| ROE (net income / shareholders' equity) | 8.4% | 1.8% | 6% | 0.2% | -3.9% | 8.1% | 6.7% | 7.47% |
| ROA (Net income/ Total Assets) | 2.18% | 2.14% | 1.58% | 0.36% | -2.16% | 3.02% | 1.6% | 2.2% |
| Assets 1 | 10,652,153 | 2,373,080 | 11,456,510 | 1,564,407 | 5,721,777 | 8,862,309 | 14,610,250 | 12,324,670 |
| Book Value Per Share 2 | 1,179 | 1,186 | 1,326 | 1,371 | 1,308 | 1,567 | 2,037 | 2,086 |
| Cash Flow per Share 2 | 483.0 | 295.0 | 370.0 | 265.0 | 136.0 | 391.0 | 337.0 | 518.0 |
| Capex 1 | 639,725 | 524,462 | 608,857 | 566,056 | 637,720 | 765,142 | 713,250 | 692,167 |
| Capex / Sales | 10.09% | 8.4% | 10.38% | 10.66% | 8.18% | 11.06% | 10.36% | 9.86% |
| Announcement Date | 4/25/19 | 5/15/20 | 4/28/21 | 4/28/22 | 4/28/23 | 4/30/24 | - | - |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
3
Last Close Price
922.5
JPY
Average target price
625
JPY
Spread / Average Target
-32.25%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +22.19% | 9.42B | |
| +26.72% | 158B | |
| +12.62% | 86.35B | |
| +1.90% | 82.23B | |
| +5.65% | 79.12B | |
| -1.38% | 72.88B | |
| +83.62% | 67.66B | |
| +9.02% | 46.68B | |
| 0.00% | 45.67B | |
| +9.49% | 43.13B |
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