{"id":20774,"date":"2026-05-12T02:16:16","date_gmt":"2026-05-12T02:16:16","guid":{"rendered":"https:\/\/www.europesays.com\/japan\/20774\/"},"modified":"2026-05-12T02:16:16","modified_gmt":"2026-05-12T02:16:16","slug":"assessing-hokkaido-electric-power-company-tse9509-valuation-after-earnings-guidance-and-mixed-dividend-updates","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/japan\/20774\/","title":{"rendered":"Assessing Hokkaido Electric Power Company (TSE:9509) Valuation After Earnings, Guidance And Mixed Dividend Updates"},"content":{"rendered":"<p>Hokkaido Electric Power Company (TSE:9509) has put out a full set of updates for investors, combining its March 31, 2026 annual earnings report with new guidance and revised dividend plans.<\/p>\n<p><a href=\"https:\/\/www.simplywall.st\/stocks\/jp\/utilities\/tse-9509\/hokkaido-electric-power-shares\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-vars-link-type=\"cta_company_latest_analysis\" class=\"company-report-links\">See our latest analysis for Hokkaido Electric Power Company.<\/a><\/p>\n<p>The stock has softened in recent months, with a 30 day share price return of 5.75% and a 90 day return of 7.48% on the back of mixed dividend guidance. However, longer term total shareholder returns of 34.66% over one year and more than double over three and five years suggest earlier momentum remains influential.<\/p>\n<p>If this mix of earnings and dividend updates has you thinking more broadly about power infrastructure, it could be a good moment to scan <a href=\"https:\/\/simplywall.st\/discover\/investing-ideas\/473750\/power-grid-technology-stocks\/global\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-vars-link-type=\"cta_screener_power_grid\" class=\"company-report-links\">36 power grid technology and infrastructure stocks<\/a><\/p>\n<p>With earnings of \u00a5207.40 per share, guidance pointing to \u00a5100.27, a market price of \u00a51,008 and mixed dividend signals, investors now have to decide: is there real value left on the table, or is the stock already pricing in future growth?<\/p>\n<p> Price-to-Earnings of 4.7x: Is it justified? <\/p>\n<p>On a P\/E of 4.7x at a share price of \u00a51,008, Hokkaido Electric Power Company screens as inexpensive compared with both the broader JP market and electric utilities peers.<\/p>\n<p>The P\/E ratio tells you how much investors are paying today for each \u00a5 of current earnings, which matters a lot for a mature, earnings-generating utility business. With earnings forecast to grow 7.6% per year and annual net income currently at \u00a543,998.0m, a low multiple can suggest the market is cautious about how durable those profits are.<\/p>\n<p>Here, the company trades below the JP market P\/E of 14.5x and below the Asian Electric Utilities industry average of 15.9x, so the stock is priced at a clear discount to sector and market. The estimated fair P\/E of 11.6x is also well above the current 4.7x. This points to a sizeable gap that the market could move towards if sentiment and earnings expectations stay aligned with present forecasts.<\/p>\n<p><a href=\"https:\/\/www.simplywall.st\/stocks\/jp\/utilities\/tse-9509\/hokkaido-electric-power-shares\/valuation\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-vars-link-type=\"fair_ratio_cta\" class=\"company-report-links\">Explore the SWS fair ratio for Hokkaido Electric Power Company<\/a><\/p>\n<p>Result: Price-to-Earnings of 4.7x (UNDERVALUED)<\/p>\n<p>However, the recent 30 day share price decline of 5.75% and 90 day decline of 7.48% hint that sentiment can turn quickly if earnings or dividends disappoint.<\/p>\n<p><a href=\"https:\/\/www.simplywall.st\/stocks\/jp\/utilities\/tse-9509\/hokkaido-electric-power-shares\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-vars-link-type=\"risks_narrative_cta\" class=\"company-report-links\">Find out about the key risks to this Hokkaido Electric Power Company narrative.<\/a><\/p>\n<p> Another view: DCF points to a tighter valuation <\/p>\n<p>The low 4.7x P\/E paints Hokkaido Electric Power Company as cheap, but the SWS DCF model is less generous. At a share price of \u00a51,008, it sits slightly above the estimated future cash flow value of \u00a5998.95, which suggests limited margin of safety. So is the earnings discount enough to matter for you?<\/p>\n<p><a href=\"https:\/\/www.simplywall.st\/stocks\/jp\/utilities\/tse-9509\/hokkaido-electric-power-shares\/valuation\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-vars-link-type=\"alternate_dcf_cta\" class=\"company-report-links\">Look into how the SWS DCF model arrives at its fair value.<\/a><\/p>\n<p> <a href=\"https:\/\/www.simplywall.st\/\/stocks\/jp\/utilities\/tse-9509\/hokkaido-electric-power-shares\/valuation\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-vars-link-type=\"infographic\" class=\"company-report-links\"><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/japan\/wp-content\/uploads\/2026\/05\/1778552176_816_dcf.png\" loading=\"lazy\" alt=\"9509 Discounted Cash Flow as at May 2026\" width=\"746\" height=\"476\" class=\"sc-3204b94-0 iJdSPa\"\/><\/a>9509 Discounted Cash Flow as at May 2026<\/p>\n<p>Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (<a href=\"https:\/\/www.simplywall.st\/stocks\/jp\/utilities\/tse-9509\/hokkaido-electric-power-shares\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-vars-link-type=\"dcf_cta\" class=\"company-report-links\">check out Hokkaido Electric Power Company for example<\/a>). We show the entire calculation in full. You can track the result in your <a href=\"https:\/\/simplywall.st\/features\/stock-watchlist\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-vars-link-type=\"dcf_cta\" class=\"company-report-links\">watchlist<\/a> or <a href=\"https:\/\/simplywall.st\/features\/portfolio\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-vars-link-type=\"dcf_cta\" class=\"company-report-links\">portfolio<\/a> and be alerted when this changes, or use our stock screener to discover <a href=\"https:\/\/simplywall.st\/discover\/investing-ideas\/473076\/high-quality-undervalued-stocks\/jp\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-vars-link-type=\"dcf_cta\" class=\"company-report-links\">15 high quality undervalued stocks<\/a>. If you <a href=\"https:\/\/simplywall.st\/features\/stock-screener\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-vars-link-type=\"dcf_cta\" class=\"company-report-links\">save a screener<\/a> we even alert you when new companies match &#8211; so you never miss a potential opportunity.<\/p>\n<p> Next Steps <\/p>\n<p>If this mix of low P\/E, tight DCF and shifting sentiment leaves you on the fence, now is the moment to check the data yourself and weigh up both the risks and rewards in context by reviewing the <a href=\"https:\/\/www.simplywall.st\/stocks\/jp\/utilities\/tse-9509\/hokkaido-electric-power-shares\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-vars-link-type=\"cta_risks_rewards_analysis\" class=\"company-report-links\">3 key rewards and 2 important warning signs<\/a><\/p>\n<p> Looking for more investment ideas? <\/p>\n<p>Once you have formed a view on Hokkaido Electric Power Company, do not stop there. Broaden your watchlist with other focused opportunities that fit your style.<\/p>\n<p> This article by Simply Wall St is general in nature. We provide commentary based on historical data<br \/>\n        and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your<br \/>\n        financial situation. We aim to bring you long-term focused analysis driven by fundamental data.<br \/>\n        Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.<br \/>\n        Simply Wall St has no position in any stocks mentioned.<\/p>\n<p>Valuation is complex, but we&#8217;re here to simplify it.<\/p>\n<p>Discover if Hokkaido Electric Power Company might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.<\/p>\n<p><a href=\"https:\/\/simplywall.st\/stocks\/jp\/utilities\/tse-9509\/hokkaido-electric-power-shares\/valuation\" target=\"_blank\" class=\"sc-kuACkN kjLJKA !text-[--s-button-primary-color-text] !no-underline\" data-focus=\"dashed\" rel=\"nofollow noopener\">Access Free Analysis<\/a><\/p>\n<p class=\"sc-3204b94-2 cZQCtj\">Have feedback on this article? Concerned about the content? <a href=\"https:\/\/investor-research.typeform.com\/to\/wvg6MFri#feedback_token=NDU3MjI2MTpjMmNlZGU2NjMzNjk5ZTA1&amp;company=TSE:9509&amp;blueprintid=4572261\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Get in touch<\/a> with us directly. Alternatively, email <a href=\"https:\/\/simplywall.st\/stocks\/jp\/utilities\/tse-9509\/hokkaido-electric-power-shares\/news\/mailto:editorial-team@simplywallst.com?subject=Re%3A%20Your%20article%20on%20TSE%3A9509%20(news)%20from%2012th%20May%202026\" rel=\"nofollow noopener\" target=\"_blank\">editorial-team@simplywallst.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Hokkaido Electric Power Company (TSE:9509) has put out a full set of updates for investors, combining its March&hellip;\n","protected":false},"author":2,"featured_media":4364,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[153,8],"class_list":{"0":"post-20774","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hokkaido","8":"tag-hokkaido","9":"tag-japan"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/20774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/comments?post=20774"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/20774\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media\/4364"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media?parent=20774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/categories?post=20774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/tags?post=20774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}