ดูเหมือนว่ามีข้อผิดพลาดเกิดขึ้นขณะกำลังโหลดหน้าเพจนี้.
ทีมงานของเราได้รับแจ้งแล้วแต่กรุณาติดต่อเราด้วยการใช้ วิจิทบริการสนับสนุนทางอีเมล หากปัญหายังคงมีอยู่
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBIT Multiple | 12.7x - 14.0x | 13.4x |
| Selected Fwd EBIT Multiple | 11.6x - 12.9x | 12.3x |
| Fair Value | ¥509.20 - ¥685.29 | ¥597.24 |
| Upside | 16.7% - 57.1% | 36.9% |
| Benchmarks | Ticker | Full Ticker |
| Tohoku Electric Power Company, Incorporated | 9506 | TSE:9506 |
| The Kansai Electric Power Company, Incorporated | 9503 | TSE:9503 |
| Kyushu Electric Power Company, Incorporated | 9508 | TSE:9508 |
| Chubu Electric Power Company, Incorporated | 9502 | TSE:9502 |
| The Chugoku Electric Power Co., Inc. | 9504 | TSE:9504 |
| Tokyo Electric Power Company Holdings, Incorporated | 9501 | TSE:9501 |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| 9506 | 9503 | 9508 | 9502 | 9504 | 9501 | ||
| TSE:9506 | TSE:9503 | TSE:9508 | TSE:9502 | TSE:9504 | TSE:9501 | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | 31.0% | 28.9% | 24.1% | 22.2% | 60.3% | -2.2% | |
| 3Y CAGR | 54.2% | 71.0% | 48.8% | 33.1% | 82.0% | 24.8% | |
| Latest Twelve Months | -29.2% | -33.8% | -53.2% | -31.7% | -43.5% | -51.5% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 3.0% | 6.6% | 4.0% | 4.2% | 2.2% | 1.5% | |
| Prior Fiscal Year | -6.0% | -1.3% | -3.3% | 2.7% | -4.1% | -2.9% | |
| Latest Fiscal Year | 11.4% | 18.0% | 11.9% | 9.5% | 12.7% | 4.0% | |
| Latest Twelve Months | 8.6% | 12.2% | 6.3% | 6.7% | 7.9% | 3.1% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 1.14x | 0.97x | 1.53x | 0.53x | 1.82x | 0.38x | |
| EV / LTM EBITDA | 7.2x | 4.5x | 8.4x | 4.5x | 11.6x | 4.4x | |
| EV / LTM EBIT | 13.3x | 8.0x | 24.2x | 7.9x | 22.9x | 12.4x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 7.9x | 13.3x | 24.2x | ||||
| Historical EV / LTM EBIT | -8.6x | 7.4x | 30.8x | ||||
| Selected EV / LTM EBIT | 12.7x | 13.4x | 14.0x | ||||
| (x) LTM EBIT | 207,388 | 207,388 | 207,388 | ||||
| (=) Implied Enterprise Value | 2,635,238 | 2,773,934 | 2,912,631 | ||||
| (-) Non-shareholder Claims * | (1,864,346) | (1,864,346) | (1,864,346) | ||||
| (=) Equity Value | 770,892 | 909,588 | 1,048,285 | ||||
| (/) Shares Outstanding | 1,602.1 | 1,602.1 | 1,602.1 | ||||
| Implied Value Range | 481.18 | 567.75 | 654.33 | ||||
| FX Rate: JPY/JPY | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 481.18 | 567.75 | 654.33 | 436.20 | |||
| Upside / (Downside) | 10.3% | 30.2% | 50.0% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | 9506 | 9503 | 9508 | 9502 | 9504 | 9501 | |
| Enterprise Value | 3,055,706 | 4,102,990 | 3,478,015 | 1,886,200 | 2,764,930 | 2,563,175 | |
| (+) Cash & Short Term Investments | 514,709 | 848,759 | 290,872 | 280,984 | 234,181 | 922,947 | |
| (+) Investments & Other | 361,313 | 1,525,905 | 255,399 | 2,306,504 | 419,677 | 3,690,134 | |
| (-) Debt | (3,403,185) | (4,462,009) | (3,387,358) | (3,077,557) | (3,118,374) | (6,450,501) | |
| (-) Other Liabilities | (23,377) | (101,154) | (30,884) | (67,307) | 1,624 | (26,926) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 505,166 | 1,914,491 | 606,044 | 1,328,824 | 302,038 | 698,829 | |
| (/) Shares Outstanding | 500.2 | 1,114.0 | 472.5 | 755.2 | 359.6 | 1,602.1 | |
| Implied Stock Price | 1,010.00 | 1,718.50 | 1,282.50 | 1,759.50 | 840.00 | 436.20 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 1,010.00 | 1,718.50 | 1,282.50 | 1,759.50 | 840.00 | 436.20 | |
| Trading Currency | JPY | JPY | JPY | JPY | JPY | JPY | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |