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Hokuriku Electric Power

DB:6HO
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6HO
DB
¥155B
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

Hokuriku Electric Power Company supplies electricity through integrated power generation, transmission, and distribution systems in Japan. The last earnings update was 67 days ago. More info.


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6HO Share Price and Events
7 Day Returns
0%
DB:6HO
0.2%
Europe Electric Utilities
-0.6%
DE Market
1 Year Returns
-4.9%
DB:6HO
-2.6%
Europe Electric Utilities
-20.9%
DE Market
6HO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hokuriku Electric Power (6HO) 0% 6.8% -0.8% -4.9% - -
Europe Electric Utilities 0.2% -18.2% -13.1% -2.6% 19.9% -3%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • 6HO underperformed the Electric Utilities industry which returned -2.6% over the past year.
  • 6HO outperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
6HO
Industry
5yr Volatility vs Market

Value

 Is Hokuriku Electric Power 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 Hokuriku Electric Power 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 Hokuriku Electric Power.

DB:6HO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.3%
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:6HO
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))
= 0.245 (1 + (1- 30.86%) (629.08%))
1.21
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.21 * 6.33%)
7.27%

Discounted Cash Flow Calculation for DB:6HO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hokuriku Electric Power 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:6HO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 7.27%)
2020 -50,400.00 Analyst x1 -46,985.80
2021 -30,725.00 Analyst x2 -26,703.24
2022 -26,040.50 Analyst x2 -21,098.79
2023 -14,300.00 Analyst x1 -10,801.41
2024 -11,600.00 Analyst x1 -8,168.42
2025 12,000.00 Analyst x1 7,877.67
2026 18,121.28 Est @ 51.01% 11,090.25
2027 24,570.73 Est @ 35.59% 14,018.66
2028 30,663.38 Est @ 24.8% 16,309.65
2029 35,949.88 Est @ 17.24% 17,826.17
Present value of next 10 years cash flows ¥-46,635.00
DB:6HO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥35,949.88 × (1 + -0.39%) ÷ (7.27% – -0.39%)
¥467,705.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥467,705.47 ÷ (1 + 7.27%)10
¥231,917.26
DB:6HO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥-46,635.00 + ¥231,917.26
¥185,282.26
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥185,282.26 / 208.78
¥887.46
DB:6HO Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:6HO represents 0.00843x of TSE:9505
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00843x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 887.46 x 0.00843
€7.49
Value per share (EUR) From above. €7.49
Current discount Discount to share price of €6.25
= -1 x (€6.25 - €7.49) / €7.49
16.5%

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

Current Discount
Amount off the current price Hokuriku Electric Power is available for.
Intrinsic value
17%
Share price is €6.25 vs Future cash flow value of €7.49
Current Discount Checks
For Hokuriku Electric Power to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hokuriku Electric Power's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Hokuriku Electric Power'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 Hokuriku Electric Power's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hokuriku Electric Power's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:6HO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥71.93
TSE:9505 Share Price ** TSE (2020-04-06) in JPY ¥741
Europe Electric Utilities Industry PE Ratio Median Figure of 76 Publicly-Listed Electric Utilities Companies 10.33x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

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

** Primary Listing of Hokuriku Electric Power.

DB:6HO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9505 Share Price ÷ EPS (both in JPY)

= 741 ÷ 71.93

10.3x

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

  • Hokuriku Electric Power is good value based on earnings compared to the Europe Electric Utilities industry average.
  • Hokuriku Electric Power is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Hokuriku Electric Power's expected growth come at a high price?
Raw Data
DB:6HO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
5.6%per year
Europe Electric Utilities Industry PEG Ratio Median Figure of 37 Publicly-Listed Electric Utilities Companies 1.51x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

DB:6HO PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.3x ÷ 5.6%

1.83x

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

  • Hokuriku Electric Power is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hokuriku Electric Power's assets?
Raw Data
DB:6HO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥1,570.45
TSE:9505 Share Price * TSE (2020-04-06) in JPY ¥741
Europe Electric Utilities Industry PB Ratio Median Figure of 87 Publicly-Listed Electric Utilities Companies 0.76x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:6HO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9505 Share Price ÷ Book Value per Share (both in JPY)

= 741 ÷ 1,570.45

0.47x

* Primary Listing of Hokuriku Electric Power.

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

  • Hokuriku Electric Power is good value based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess Hokuriku Electric Power'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. Hokuriku Electric Power 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.

Future Performance

 How is Hokuriku Electric Power expected to perform in the next 1 to 3 years based on estimates from 5 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
5.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hokuriku Electric Power expected to grow at an attractive rate?
  • Hokuriku Electric Power's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Hokuriku Electric Power's earnings growth is positive but not above the Germany market average.
  • Hokuriku Electric Power'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:6HO Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:6HO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 5.6%
DB:6HO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -0%
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:6HO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:6HO Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2025-03-31 627,400 96,400 21,400 1
2024-03-31 611,102 77,800 18,167 3
2023-03-31 615,852 74,050 17,500 4
2022-03-31 611,781 72,440 18,280 5
2021-03-31 610,661 73,650 17,420 5
2020-04-07
2020-03-31 616,520 69,000 14,180 5
DB:6HO Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 628,391 15,017
2019-09-30 626,180 54,097 3,350
2019-06-30 630,051 -37
2019-03-31 622,930 54,018 2,520
2018-12-31 620,244 1,739
2018-09-30 617,242 75,499 8,443
2018-06-30 604,370 4,142
2018-03-31 596,283 82,277 -485
2017-12-31 580,819 -340
2017-09-30 566,424 64,690 -3,828
2017-06-30 551,404 -287
2017-03-31 542,572 63,547 -622

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hokuriku Electric Power's earnings are expected to grow by 5.6% yearly, however this is not considered high growth (20% yearly).
  • Hokuriku Electric Power'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:6HO 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 5 Analyst Estimates (S&P Global) See Below

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

DB:6HO Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2025-03-31 102.50 102.50 102.50 1.00
2024-03-31 93.15 97.70 88.60 2.00
2023-03-31 87.34 91.00 81.43 3.00
2022-03-31 87.56 112.56 71.40 5.00
2021-03-31 83.44 105.37 47.90 5.00
2020-04-07
2020-03-31 67.92 77.10 60.80 5.00
DB:6HO Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 71.93
2019-09-30 16.05
2019-06-30 -0.18
2019-03-31 12.07
2018-12-31 8.33
2018-09-30 40.44
2018-06-30 19.84
2018-03-31 -2.32
2017-12-31 -1.63
2017-09-30 -18.33
2017-06-30 -1.37
2017-03-31 -2.98

*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.
  • Hokuriku Electric Power is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hokuriku Electric Power'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.
Hokuriku Electric Power has a total score of 1/6, 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 Hokuriku Electric Power 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 Hokuriku Electric Power'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.
  • Hokuriku Electric Power's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Hokuriku Electric Power's 1-year earnings growth exceeds its 5-year average (763.5% vs -19.4%)
  • Hokuriku Electric Power's earnings growth has exceeded the Europe Electric Utilities industry average in the past year (763.5% vs 7.2%).
Earnings and Revenue History
Hokuriku Electric Power'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 Hokuriku Electric Power Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:6HO Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 628,391.00 15,017.00
2019-09-30 626,180.00 3,350.00
2019-06-30 630,051.00 -37.00
2019-03-31 622,930.00 2,520.00
2018-12-31 620,244.00 1,739.00
2018-09-30 617,242.00 8,443.00
2018-06-30 604,370.00 4,142.00
2018-03-31 596,283.00 -485.00
2017-12-31 580,819.00 -340.00
2017-09-30 566,424.00 -3,828.00
2017-06-30 551,404.00 -287.00
2017-03-31 542,572.00 -622.00
2016-12-31 537,403.00 -1,336.00
2016-09-30 539,332.00 5,731.00
2016-06-30 541,563.00 11,593.00
2016-03-31 544,568.00 12,891.00
2015-12-31 541,691.00 12,776.00
2015-09-30 537,026.00 10,210.00
2015-06-30 536,163.00 4,904.00
2015-03-31 532,760.00 8,990.00
2014-12-31 527,246.00 7,522.00
2014-09-30 521,660.00 3,942.00
2014-06-30 518,103.00 9,010.00
2014-03-31 509,638.00 2,516.00
2013-12-31 498,649.00 -4,005.00
2013-09-30 494,305.00 -3,345.00
2013-06-30 491,150.00 -8,298.00

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

Health

 How is Hokuriku Electric Power'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 Hokuriku Electric Power's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hokuriku Electric Power is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hokuriku Electric Power's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hokuriku Electric Power'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 Hokuriku Electric Power Company Filings, last reported 3 months ago.

DB:6HO Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 341,911.00 973,221.00 128,500.00
2019-09-30 337,463.00 957,868.00 93,069.00
2019-06-30 330,416.00 970,277.00 103,654.00
2019-03-31 326,950.00 979,085.00 142,934.00
2018-12-31 327,989.00 976,557.00 129,879.00
2018-09-30 338,715.00 990,525.00 167,957.00
2018-06-30 334,360.00 992,329.00 166,497.00
2018-03-31 327,643.00 989,298.00 200,166.00
2017-12-31 327,906.00 989,487.00 186,155.00
2017-09-30 328,080.00 1,000,980.00 199,621.00
2017-06-30 327,996.00 981,580.00 181,760.00
2017-03-31 327,612.00 951,004.00 173,746.00
2016-12-31 328,042.00 939,274.00 164,160.00
2016-09-30 333,498.00 922,253.00 157,832.00
2016-06-30 328,963.00 937,904.00 175,050.00
2016-03-31 334,002.00 919,023.00 193,128.00
2015-12-31 344,985.00 884,549.00 158,726.00
2015-09-30 348,530.00 892,899.00 165,877.00
2015-06-30 342,902.00 865,756.00 133,041.00
2015-03-31 344,209.00 874,105.00 174,379.00
2014-12-31 329,102.00 948,292.00 234,685.00
2014-09-30 333,752.00 983,509.00 262,490.00
2014-06-30 329,953.00 945,068.00 200,312.00
2014-03-31 324,813.00 883,318.00 184,664.00
2013-12-31 327,072.00 895,964.00 181,969.00
2013-09-30 335,240.00 885,336.00 165,755.00
2013-06-30 326,475.00 877,178.00 139,306.00
  • Hokuriku Electric Power's level of debt (284.6%) 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 (287.7% vs 284.6% today).
  • Debt is not well covered by operating cash flow (5.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.2x coverage).
X
Financial health checks
We assess Hokuriku Electric Power'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. Hokuriku Electric Power has a total score of 3/6, 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 Hokuriku Electric Power'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
0%
Current annual income from Hokuriku Electric Power dividends. Estimated to be 3.01% next year.
If you bought €2,000 of Hokuriku Electric Power shares you are expected to receive €0 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?
  • Unable to evaluate Hokuriku Electric Power's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Hokuriku Electric Power's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:6HO 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 5 Analyst Estimates (S&P Global) See Below
Europe Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 51 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:6HO Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2025-03-31 40.00 1.00
2024-03-31 32.50 2.00
2023-03-31 26.67 3.00
2022-03-31 20.00 4.00
2021-03-31 14.00 5.00
2020-04-07
2020-03-31 9.00 5.00
DB:6HO Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-10-31 0.000 0.000
2018-07-26 0.000 0.000
2018-06-27 0.000 0.000
2018-04-25 0.000 0.000
2018-01-31 0.000 0.000
2017-10-30 0.000 0.000
2017-06-28 35.000 3.493
2017-04-26 35.000 3.329
2017-01-30 35.000 3.213
2016-10-27 50.000 3.951
2016-06-28 50.000 4.050
2016-04-27 50.000 3.709
2016-01-28 50.000 3.106
2015-10-29 50.000 2.885
2015-06-25 50.000 2.827
2015-04-28 50.000 2.705
2015-01-29 50.000 3.076
2014-10-30 50.000 3.263
2014-06-26 50.000 3.648
2014-04-25 50.000 3.888
2014-01-30 50.000 3.904
2013-10-30 50.000 3.656
2013-06-26 50.000 3.452
2013-04-25 50.000 3.447
2013-01-31 50.000 4.443
2012-10-30 50.000 5.370
2012-06-27 50.000 5.388
2012-04-26 50.000 4.149
2012-01-31 50.000 3.291
2011-10-27 50.000 3.676
2011-04-27 50.000 3.554
2011-02-10 50.000 2.642
2011-02-09 50.000 2.478
2011-01-31 50.000 2.499
2010-11-11 50.000 2.460
2010-10-29 50.000 2.517
2010-06-29 50.000 2.572
2010-04-30 50.000 2.609
2010-02-08 50.000 2.522
2010-01-28 50.000 2.559
2009-11-09 50.000 2.472
2009-10-30 50.000 2.476
2009-04-30 50.000 2.276

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

  • Unable to perform a dividend volatility check as Hokuriku Electric Power has not reported any payouts.
  • Unable to verify if Hokuriku Electric Power's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Hokuriku Electric Power's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Hokuriku Electric Power has not reported any payouts.
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 Hokuriku Electric Power's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Hokuriku Electric Power afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hokuriku Electric Power has a total score of 0/6, 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 Hokuriku Electric Power'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
Yutaka Kanai
TENURE AS CEO 4.8 years
CEO Bio

Mr. Yukata Kanai serves as the Executive President of Hokuriku Electric Power Company and served as its Managing Director and Executive Vice President. Mr. Kanai serves as a Representative Director at Hokuriku Electric Power Company.

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

Average tenure of the Hokuriku Electric Power management team in years:

3.8
Average Tenure
  • The tenure for the Hokuriku Electric Power management team is about average.
Management Team

Yutaka Kanai

TITLE
Executive President & Representative Director
TENURE
4.8 yrs

Shiro Ojima

TITLE
Executive VP & Director
TENURE
5.8 yrs

Nobuhiko Ishiguro

TITLE
Representative Director
TENURE
4.8 yrs

Koichi Mizuno

TITLE
Representative Director
TENURE
3.8 yrs

Motonobu Sugawa

TITLE
Director
TENURE
3.8 yrs

Kazuhisa Mizutani

TITLE
Director & Managing Executive Officer
TENURE
1.8 yrs

Seisho Shiotani

TITLE
Director & Managing Executive Officer
TENURE
1.8 yrs

Koji Matsuda

TITLE
Director & Managing Executive Officer
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure of the Hokuriku Electric Power board of directors in years:

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

Susumu Kyuwa

TITLE
Chairman of the Board
AGE
70

Yutaka Kanai

TITLE
Executive President & Representative Director
TENURE
6.8 yrs

Shiro Ojima

TITLE
Executive VP & Director
TENURE
4.8 yrs

Nobuhiko Ishiguro

TITLE
Representative Director
TENURE
4.8 yrs

Koichi Mizuno

TITLE
Representative Director
TENURE
3.8 yrs

Motonobu Sugawa

TITLE
Director
TENURE
2.8 yrs

Kazuhisa Mizutani

TITLE
Director & Managing Executive Officer
TENURE
1.8 yrs

Seisho Shiotani

TITLE
Director & Managing Executive Officer
TENURE
1.8 yrs

Koji Matsuda

TITLE
Director & Managing Executive Officer
TENURE
0.8 yrs

Tatsuo Kawada

TITLE
External Director
AGE
79
TENURE
4.8 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 Hokuriku Electric Power'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. Hokuriku Electric Power 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

Hokuriku Electric Power Company supplies electricity through integrated power generation, transmission, and distribution systems in Japan. The company generates electricity through hydroelectric, thermal, and nuclear sources. It is also involved in the sale of LNG; maintenance of electrical power equipment; construction of thermal and nuclear power plant equipment; research, design, and administration of civil engineering and construction projects; wide-area Ethernet service and corporate Internet connectivity; development and maintenance of software; data center operations; environmental research, and design and execution of environmental greening projects; recycling and storage of confidential documents and archives; and sale of paper products. In addition, the company engages in the real estate leasing and management, temporary staffing, and equipment leasing activities; provision of nursing care/social welfare services, and telephone pole advertising and travel services; manufacture and sale of concrete poles and piles; and operation of the Hyakusen Yokocho online store. Hokuriku Electric Power Company was founded in 1951 and is headquartered in Toyama, Japan.

Details
Name: Hokuriku Electric Power Company
6HO
Exchange: DB
Founded: 1951
¥1,312,198,958
208,778,994
Website: http://www.rikuden.co.jp
Address: Hokuriku Electric Power Company
15-1 Ushijima-Cho,
Toyama,
Toyama, 930-8686,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9505 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB 6HO Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
8,498
Hokuriku Electric Power employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 00:31
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/01/31
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.