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Chubu Electric Power Company

DB:0C2
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0C2
DB
¥1,180B
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

Chubu Electric Power Company, Incorporated, together with its subsidiaries, engages in the generation, transmission, and distribution of electricity in Japan and internationally. The last earnings update was 52 days ago. More info.


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0C2 Share Price and Events
7 Day Returns
10.3%
DB:0C2
4.3%
Europe Electric Utilities
7.3%
DE Market
1 Year Returns
-6.4%
DB:0C2
-2.4%
Europe Electric Utilities
-17.7%
DE Market
0C2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Chubu Electric Power Company (0C2) 10.3% 11.3% 3.2% -6.4% 4% 14.9%
Europe Electric Utilities 4.3% -17% -14% -2.4% 19.4% -2.1%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • 0C2 underperformed the Electric Utilities industry which returned -2.4% over the past year.
  • 0C2 outperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
0C2
Industry
5yr Volatility vs Market

0C2 Value

 Is Chubu 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 Chubu 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 Chubu Electric Power Company.

DB:0C2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in JPY ¥ 52.307693846154
Payout Ratio Company Filings (2019-12-31) 3204.1%
Discount Rate (Cost of Equity) See below 4.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:0C2
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.25
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.252 (1 + (1- 30.86%) (200.68%))
0.733
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)
= -0.39% + (0.8 * 6.33%)
4.67%

Discounted Cash Flow Calculation for DB:0C2 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Chubu Electric Power Company is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:0C2 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ¥52.31 / (4.67% - -0.39%)
¥0.07
DB:0C2 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:0C2 represents 0.00821x of TSE:9502
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00821x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,032.93 x 0.00821
€8.48
Value per share (EUR) From above. €8.48
Current discount Discount to share price of €12.80
= -1 x (€12.80 - €8.48) / €8.48
-51%

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

  • The current share price of Chubu Electric Power Company is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Chubu Electric Power Company's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Chubu Electric Power Company's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:0C2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥223.56
TSE:9502 Share Price ** TSE (2020-03-30) in JPY ¥1560
Europe Electric Utilities Industry PE Ratio Median Figure of 76 Publicly-Listed Electric Utilities Companies 10.06x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

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

** Primary Listing of Chubu Electric Power Company.

DB:0C2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9502 Share Price ÷ EPS (both in JPY)

= 1560 ÷ 223.56

6.98x

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

  • Chubu Electric Power Company is good value based on earnings compared to the Europe Electric Utilities industry average.
  • Chubu Electric Power Company is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Chubu Electric Power Company's expected growth come at a high price?
Raw Data
DB:0C2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
-5.8%per year
Europe Electric Utilities Industry PEG Ratio Median Figure of 37 Publicly-Listed Electric Utilities Companies 1.48x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:0C2 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.98x ÷ -5.8%

-1.2x

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

  • Chubu Electric Power Company earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Chubu Electric Power Company's assets?
Raw Data
DB:0C2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥2,499.90
TSE:9502 Share Price * TSE (2020-03-30) in JPY ¥1560
Europe Electric Utilities Industry PB Ratio Median Figure of 87 Publicly-Listed Electric Utilities Companies 0.77x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:0C2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9502 Share Price ÷ Book Value per Share (both in JPY)

= 1560 ÷ 2,499.90

0.62x

* Primary Listing of Chubu Electric Power Company.

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

  • Chubu Electric Power Company is good value based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess Chubu 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. Chubu Electric Power Company has a total score of 3/6, 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.

0C2 Future Performance

 How is Chubu Electric Power Company expected to perform in the next 1 to 3 years based on estimates from 8 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
-5.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Chubu Electric Power Company expected to grow at an attractive rate?
  • Chubu Electric Power Company's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Chubu Electric Power Company's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Chubu Electric Power Company's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:0C2 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:0C2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts -5.8%
DB:0C2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts -1%
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 9.3%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 2.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
DB:0C2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:0C2 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 2,919,950 282,650 138,500 2
2023-03-31 2,978,167 274,433 138,567 3
2022-03-31 2,999,308 264,600 127,575 8
2021-03-31 2,997,697 258,775 123,700 8
2020-03-31 3,050,142 252,500 166,425 8
2020-03-30
DB:0C2 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 3,116,676 169,131
2019-09-30 3,119,959 254,433 149,024
2019-06-30 3,105,032 139,596
2019-03-31 3,035,082 296,406 79,422
2018-12-31 2,989,710 56,489
2018-09-30 2,947,478 382,433 78,703
2018-06-30 2,882,327 81,768
2018-03-31 2,853,309 424,159 74,372
2017-12-31 2,767,578 54,080
2017-09-30 2,689,952 303,931 30,112
2017-06-30 2,627,816 70,035
2017-03-31 2,603,537 335,063 114,665

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Chubu Electric Power Company's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Chubu Electric Power Company's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
DB:0C2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Chubu Electric Power Company Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0C2 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 183.05 195.60 170.50 2.00
2023-03-31 183.13 191.60 172.70 3.00
2022-03-31 170.17 178.50 144.30 8.00
2021-03-31 165.17 178.50 158.60 8.00
2020-03-31 222.15 231.11 212.90 8.00
2020-03-30
DB:0C2 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 223.56
2019-09-30 196.97
2019-06-30 184.49
2019-03-31 104.96
2018-12-31 74.65
2018-09-30 103.99
2018-06-30 108.03
2018-03-31 98.24
2017-12-31 71.42
2017-09-30 39.77
2017-06-30 92.49
2017-03-31 151.43

*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.
  • Chubu 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 Chubu 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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Chubu Electric Power Company has a total score of 0/6, 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.

0C2 Past Performance

  How has Chubu 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 Chubu 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.
  • Chubu Electric Power Company's year on year earnings growth rate has been positive over the past 5 years.
  • Chubu Electric Power Company's 1-year earnings growth exceeds its 5-year average (199.4% vs 2.7%)
  • Chubu Electric Power Company's earnings growth has exceeded the Europe Electric Utilities industry average in the past year (199.4% vs 7.2%).
Earnings and Revenue History
Chubu 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 Chubu Electric Power Company Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0C2 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 3,116,676.00 169,131.00
2019-09-30 3,119,959.00 149,024.00
2019-06-30 3,105,032.00 139,596.00
2019-03-31 3,035,082.00 79,422.00
2018-12-31 2,989,710.00 56,489.00
2018-09-30 2,947,478.00 78,703.00
2018-06-30 2,882,327.00 81,768.00
2018-03-31 2,853,309.00 74,372.00
2017-12-31 2,767,578.00 54,080.00
2017-09-30 2,689,952.00 30,112.00
2017-06-30 2,627,816.00 70,035.00
2017-03-31 2,603,537.00 114,665.00
2016-12-31 2,626,332.00 159,497.00
2016-09-30 2,679,113.00 166,583.00
2016-06-30 2,740,937.00 139,362.00
2016-03-31 2,854,044.00 169,745.00
2015-12-31 2,971,062.00 161,194.00
2015-09-30 3,059,348.00 142,547.00
2015-06-30 3,124,722.00 122,583.00
2015-03-31 3,103,604.00 38,796.00
2014-12-31 3,047,354.00 -4,466.00
2014-09-30 3,000,832.00 -2,405.00
2014-06-30 2,942,060.00 -23,837.00
2014-03-31 2,842,187.00 -65,328.00
2013-12-31 2,742,637.00 -61,454.00
2013-09-30 2,680,327.00 -48,196.00
2013-06-30 2,642,788.00 -49,194.00
2013-03-31 2,648,994.00 -32,161.00

*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.
  • Chubu Electric Power Company has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Chubu Electric Power Company used its assets less efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.
  • Chubu Electric Power Company's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Chubu 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.
Chubu Electric Power Company has a total score of 3/6, 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.

0C2 Health

 How is Chubu 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 Chubu Electric Power Company's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Chubu Electric Power Company's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Chubu 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 Chubu 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 Chubu Electric Power Company Company Filings, last reported 2 months ago.

DB:0C2 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,958,391.00 2,367,854.00 136,106.00
2019-09-30 1,948,604.00 2,352,517.00 105,663.00
2019-06-30 1,913,141.00 2,401,759.00 131,351.00
2019-03-31 1,844,361.00 2,972,629.00 546,082.00
2018-12-31 1,827,117.00 2,658,485.00 133,107.00
2018-09-30 1,857,859.00 2,612,261.00 157,851.00
2018-06-30 1,801,126.00 2,663,077.00 159,746.00
2018-03-31 1,791,941.00 2,587,532.00 287,865.00
2017-12-31 1,803,609.00 2,622,591.00 207,278.00
2017-09-30 1,794,016.00 2,654,308.00 230,505.00
2017-06-30 1,750,690.00 2,694,868.00 193,150.00
2017-03-31 1,724,712.00 2,667,768.00 299,581.00
2016-12-31 1,736,506.00 2,647,968.00 234,043.00
2016-09-30 1,745,625.00 2,650,998.00 279,271.00
2016-06-30 1,669,212.00 2,608,709.00 244,606.00
2016-03-31 1,637,108.00 2,618,753.00 334,487.00
2015-12-31 1,631,672.00 2,666,673.00 267,349.00
2015-09-30 1,647,470.00 2,710,025.00 302,083.00
2015-06-30 1,595,020.00 2,754,403.00 261,652.00
2015-03-31 1,507,508.00 2,936,214.00 410,673.00
2014-12-31 1,473,704.00 2,982,178.00 382,204.00
2014-09-30 1,477,824.00 3,080,569.00 431,521.00
2014-06-30 1,442,476.00 3,224,814.00 484,154.00
2014-03-31 1,437,172.00 3,262,519.00 554,665.00
2013-12-31 1,470,980.00 3,247,731.00 541,607.00
2013-09-30 1,475,694.00 3,278,145.00 550,407.00
2013-06-30 1,461,994.00 3,249,523.00 509,372.00
2013-03-31 1,491,103.00 3,253,335.00 632,271.00
  • Chubu Electric Power Company's level of debt (120.6%) 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 (202.1% vs 120.6% today).
  • Debt is not well covered by operating cash flow (10.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.8x coverage).
X
Financial health checks
We assess Chubu 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. Chubu 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.

0C2 Dividends

 What is Chubu 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
3.21%
Current annual income from Chubu Electric Power Company dividends. Estimated to be 3.35% next year.
If you bought €2,000 of Chubu Electric Power Company shares you are expected to receive €64 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?
  • Chubu Electric Power Company's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Chubu Electric Power Company's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
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
DB:0C2 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 8 Analyst Estimates (S&P Global) See Below
Europe Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 50 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:0C2 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 57.50 2.00
2023-03-31 55.00 3.00
2022-03-31 53.57 7.00
2021-03-31 50.71 7.00
2020-03-31 50.00 7.00
2020-03-30
DB:0C2 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-11 50.000 3.356
2019-10-31 50.000 3.125
2019-06-27 50.000 3.203
2019-04-26 50.000 3.234
2019-02-07 40.000 2.338
2018-11-02 40.000 2.380
2018-10-26 40.000 2.446
2018-06-28 40.000 2.393
2018-04-27 40.000 2.358
2018-02-05 30.000 2.029
2017-11-01 30.000 2.125
2017-10-27 30.000 2.048
2017-06-29 30.000 2.081
2017-04-28 30.000 2.007
2017-02-06 30.000 2.025
2017-01-31 30.000 2.006
2016-11-10 30.000 1.859
2016-10-28 30.000 1.954
2016-06-29 30.000 2.073
2016-04-28 30.000 2.023
2016-02-12 30.000 2.005
2016-01-29 30.000 1.941
2015-11-13 20.000 1.234
2015-10-30 20.000 1.120
2015-08-27 20.000 1.092
2015-06-26 20.000 1.040
2015-04-28 20.000 1.117
2015-01-30 10.000 0.688
2014-11-07 0.000 0.000
2014-08-13 0.000 0.000
2014-07-31 0.000 0.000
2014-06-27 0.000 0.000
2014-04-28 0.000 0.000
2014-02-10 0.000 0.000
2014-01-31 0.000 0.000
2013-11-08 0.000 0.000
2013-10-29 0.000 0.000
2013-06-27 50.000 3.611
2013-04-26 50.000 3.783
2013-02-07 50.000 4.229
2013-01-31 50.000 4.412
2012-11-08 50.000 4.520
2012-10-31 50.000 5.524
2012-06-28 60.000 6.095
2012-04-27 60.000 4.960
2012-02-10 60.000 4.044
2012-01-31 60.000 4.243
2011-11-11 60.000 4.185
2011-10-28 60.000 4.303
2011-07-29 60.000 4.165
2011-04-28 60.000 4.333
2011-02-10 60.000 3.054
2011-01-28 60.000 2.883
2010-11-12 60.000 3.002
2010-10-29 60.000 3.011
2010-07-30 60.000 2.824
2010-06-28 60.000 2.737
2010-04-28 60.000 2.777
2010-02-12 60.000 2.595
2010-01-29 60.000 2.623
2009-11-12 60.000 2.693
2009-10-30 60.000 2.923
2009-08-03 60.000 2.797
2009-04-28 60.000 2.731

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Chubu Electric Power Company's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.5x 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 Chubu Electric Power Company's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Chubu Electric Power Company afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Chubu Electric Power Company has a total score of 2/6, see the detailed checks below.


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

0C2 Management

 What is the CEO of Chubu 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
Satoru Katsuno
AGE 65
TENURE AS CEO 4.8 years
CEO Bio

Mr. Satoru Katsuno has been President and Director at Chubu Electric Power Company, Incorporated since June 25, 2015. He Joined Chubu Electric Power in 1977 and served as Manager of Hydro Power and Substations Section of the Electrical Engineering department, General Manager of the Okazaki Regional Office, and General Manager since July 2007 of the Tokyo Office. Mr. Katsuno served as Executive Vice President since June 2013 and General Manager of Corporate Planning & Stratagy Division at Chubu Electric Power Company, Incorporated until June 25, 2015. Mr. Katsuno Became Director, Senior Managing Executive Officer since June 2010, and General Manager of the Corporate Planning & Strategy Division in June 2010. He was Appointed Chairman of the Federation of Electric Power Companies of Japan in June 2016. Mr. Katsuno served as Managing Executive Officer since July 2007 at Chubu Electric Power Co. Inc. He has been a Representative Director since 2013 at Chubu Electric Power Company, Incorporated. Mr. Katsuno Earned a Bachelor’s Degree in Electrical Engineering from Keio University.

CEO Compensation
  • Insufficient data for Satoru to compare compensation growth.
  • Insufficient data for Satoru to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the Chubu Electric Power Company management team in years:

2.8
Average Tenure
  • The tenure for the Chubu Electric Power Company management team is about average.
Management Team

Satoru Katsuno

TITLE
President & Director
AGE
65
TENURE
4.8 yrs

Akinori Kataoka

TITLE
EVP, GM of Legal Affairs
TENURE
2.9 yrs

Taisuke Misawa

TITLE
GM of Sec. Svcs.
TENURE
2.8 yrs

Chiyoji Kurata

TITLE
Exec. VP

Hiromu Masuda

TITLE
Senior Managing Exec. Officer
TENURE
2.8 yrs

Yaoji Ichikawa

TITLE
Senior Managing Executive Officer & Director
TENURE
1.8 yrs

Kingo Hayashi

TITLE
Senior Managing Executive Officer & Director
TENURE
1.8 yrs

Yoshiro Hiraiwa

TITLE
Senior Managing Executive Officer
AGE
60
Board of Directors Tenure

Average tenure of the Chubu Electric Power Company board of directors in years:

3.8
Average Tenure
  • The tenure for the Chubu Electric Power Company board of directors is about average.
Board of Directors

Akihisa Mizuno

TITLE
Chairman of the Board
TENURE
4.8 yrs

Satoru Katsuno

TITLE
President & Director
AGE
65
TENURE
9.8 yrs

Akinori Kataoka

TITLE
EVP, GM of Legal Affairs
TENURE
3.8 yrs

Taisuke Misawa

TITLE
GM of Sec. Svcs.
TENURE
2.8 yrs

Chiyoji Kurata

TITLE
Exec. VP
TENURE
5.8 yrs

Hiromu Masuda

TITLE
Senior Managing Exec. Officer
TENURE
2.8 yrs

Yaoji Ichikawa

TITLE
Senior Managing Executive Officer & Director
TENURE
1.8 yrs

Kingo Hayashi

TITLE
Senior Managing Executive Officer & Director
TENURE
1.8 yrs

Yoshiro Hiraiwa

TITLE
Senior Managing Executive Officer
AGE
60

Naoko Nemoto

TITLE
Outside Director
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Chubu 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. Chubu 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.

0C2 News

Simply Wall St News

0C2 Company Info

Description

Chubu Electric Power Company, Incorporated, together with its subsidiaries, engages in the generation, transmission, and distribution of electricity in Japan and internationally. The company operates through Power Generation, Power Network, and Customer Service & Sales segments. It generates electricity through thermal, nuclear, hydroelectric, wind, biomass, and solar sources. The company is also involved in the construction for the development and maintenance of electric utilities-related facilities; and manufacture of materials and machinery for electric utilities-related facilities. In addition, it engages in the gas supply and thermal storage brokerage, on-site energy, consulting and investment, real estate management, IT businesses, etc. Chubu Electric Power Company, Incorporated was founded in 1951 and is headquartered in Nagoya, Japan.

Details
Name: Chubu Electric Power Company, Incorporated
0C2
Exchange: DB
Founded: 1951
¥9,847,624,923
756,347,742
Website: http://www.chuden.co.jp
Address: Chubu Electric Power Company, Incorporated
1 Higashi-shincho,
Higashi-ku,
Nagoya,
Aichi, 461-8680,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9502 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK CHUE.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB 0C2 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
28,868
Chubu Electric Power Company employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 22:26
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/02/07
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


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.