Hokkaido Electric Power Company, Incorporated (HKEPF) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Hokkaido Electric Power Company, Incorporated $11.22, price $7.07, upside +58.6%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Hokkaido Electric Power Company, Incorporated generates, transmits, and distributes electricity in Japan.
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Hokkaido Electric Power Company, Incorporated generates, transmits, and distributes electricity in Japan. The company undertakes electrical and telecommunication, civil engineering and construction, piping, air-conditioning, water supply and drainage facility, and disaster prevention equipment works, as well as engages in the manufacture, maintenance, sale, and electric meters. It also engages in energy conservation business; sale of fuel, equipment and materials; civil engineering and construction materials; rental condominiums and apartments, and parking lot business; and travel, insurance agency, utility pole advertising, cleaning/security service business, and public bathhouse business. In addition, the company provides construction consultant services for civil engineering, construction, electricity, environment, and energy; electricity meter inspection and billing, energy conservation, and energy-saving services; telecommunication services; information processing system consulting, development, operation, management, training, sale of information processing equipment and software, internet data center business, and other information processing-related services; and document management improvement, and confidential document destruction and recycling services. Further, it engages in the commissioning, repairing, maintaining, and consulting for power generation facilities; and receipt, storage, and delivery of overseas coal, maritime transport agent, and customs clearance business. Additionally, the company designs, prints, book binds, and produces broadcasts and videos; sells novelties, gift products, and everyday goods, food, etc.; leases LNG receiving facilities; and operates and maintains thermal, hydroelectric, photovoltaic, and wind power generation plants. Hokkaido Electric Power Company, Incorporated was incorporated in 1951 and is headquartered in Sapporo, Japan.
Stock analysis
Hokkaido Electric Power Company, Incorporated (HKEPF) currently trades at $7.07, while our model-based Fair Value estimate is $11.22, implying the stock looks roughly 37.0% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $23.28 per share, and 8 of the 14 models we run sit above the $7.07 price.
Bear case: the Dividend Discount group reads lowest at $1.70, and 6 of the 14 models stay below the price. Evidence for this calculation is medium.
Scenario range: $11.22 (bear) to $17.65 (bull), the price of $7.07 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 46/100 (below-average quality), in the Utilities sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Hokkaido Electric Power Company, Incorporated reported revenue of ¥856B in FY2026 versus ¥889B in FY2023, a compound −1.2%/yr. Reported net income was ¥44.0B in FY2026.
Key figures
Market cap $1.5B · P/E ratio 5.2 · P/S ratio 0.27 · EPS (TTM) $1.35 · Net margin 5.1% · Return on equity 6.4% · Return on assets (EBIT) 2.5% · Operating margin 11.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
For context, the median of 10 Utilities peers we cover trades at −40% fair-value upside, at 59%, HKEPF screens cheaper than that median.
Fair Value models
Bear $11.22Fair Value $11.22Bull $17.65
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then ($0.6768 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−5.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.2%
’23
’24
’25
’26
What shareholders gained per year (last 3 years), in JPY ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in JPY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−12.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−12.7%
Dividend (yield on the price)0.0%
Profit margin 2023 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−3% → 9%
Compare Hokkaido Electric Power Company, Incorporated with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Renewable · 204 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score46 · Above median
Fair Value upside+58.6% · Top 25%
Profitability
Return on equity (TTM)6.4% · Above median
Return on assets1.4% · Below median
Net margin (TTM)3.2% · Below median
Operating margin (TTM)11.4% · Below median
Growth and dividend
Revenue growth5.9% · Above median
Balance sheet
Debt / equity3.06× · Highest 25%
Valuation Multiplesvs Utilities - Renewable median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Hokkaido Electric Power Company, Incorporated Fair Value". https://www.fairvalue-calculator.com/stock/HKEPF
Frequently asked questions
Is Hokkaido Electric Power Company, Incorporated (HKEPF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $11.22 versus a price of $7.07, about +59% upside (undervalued).
What is the fair value of HKEPF?
Our model-based fair value for Hokkaido Electric Power Company, Incorporated is $11.22 (as of Sep 24, 2026), built from audited fundamentals. The current price: $7.07.
What is the quality score of HKEPF?
Hokkaido Electric Power Company, Incorporated has a Quality Score of 46/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Hokkaido Electric Power Company, Incorporated (HKEPF)?
Our model-based price target is the fair value of $11.22 (as of Sep 24, 2026) from 20 valuation models. Cautious scenario $11.22, optimistic scenario $17.65. It is a calculation from audited fundamentals, not an analyst target.
What is the Hokkaido Electric Power Company, Incorporated stock forecast for 2026?
Our models put fair value at $11.22, about +59% upside versus a price of $7.07 (undervalued). Cautious scenario $11.22, optimistic scenario $17.65. The calculation is refreshed regularly with new filings.
What is the revenue of Hokkaido Electric Power Company, Incorporated (HKEPF)?
Hokkaido Electric Power Company, Incorporated reported trailing-twelve-month revenue of about ¥868B (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Hokkaido Electric Power Company, Incorporated (HKEPF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hokkaido Electric Power Company, Incorporated it is $11.22 per share (as of Sep 24, 2026), against a price of $7.07. It is the blended result of 20 valuation models (cash flow, earnings, asset, dividend).
Is Hokkaido Electric Power Company, Incorporated stock overvalued or undervalued in 2026?
As of Sep 24, 2026, HKEPF trades below its calculated fair value: price $7.07, fair value $11.22, a gap of about +59% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HKEPF?
No. The price is what the market pays today ($7.07); the fair value is what the company's own numbers justify ($11.22). For Hokkaido Electric Power Company, Incorporated the two are $4.15 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hokkaido Electric Power Company, Incorporated worth?
The market values Hokkaido Electric Power Company, Incorporated at about $1.5B (market capitalisation, as of Sep 24, 2026). Per share that is $7.07; our models calculate a fair value of $11.22 per share.
What do the bullish and bearish scenarios say about HKEPF?
Our models span a range for Hokkaido Electric Power Company, Incorporated: cautious scenario $11.22, base $11.22, optimistic $17.65 per share (as of Sep 24, 2026, price $7.07). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HKEPF?
Hokkaido Electric Power Company, Incorporated trades at a price-to-earnings ratio of 5.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $11.22 is built from several models across several years. Other multiples: P/B 0.5, P/S 0.3, EV/EBITDA 11.4.
How solid is the balance sheet of Hokkaido Electric Power Company, Incorporated (HKEPF)?
Balance-sheet figures for Hokkaido Electric Power Company, Incorporated (as of Sep 24, 2026): return on equity 6.4%, debt of 3.06 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
Which stocks are comparable to Hokkaido Electric Power Company, Incorporated?
From the same area (Utilities) we also value China Yangtze Power Co, Ørsted A/S, Huaneng Lancang River Hydropower Inc, Fortum Oyj, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Hokkaido Electric Power Company, Incorporated stock attractive at the current price?
The data as of Sep 24, 2026: price $7.07, calculated fair value $11.22 (+59%), Quality Score 46/100, from 20 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HKEPF calculated?
We run Hokkaido Electric Power Company, Incorporated through 20 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $11.22, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Hokkaido Electric Power Company, Incorporated currently trades 37 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Hokkaido Electric Power Company, Incorporated (HKEPF)?
The closing price on Sep 25, 2026 was $7.07. Our model-based fair value is $11.22, about +59% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hokkaido Electric Power Company, Incorporated right now?
The price is below even our cautious bear case ($11.22). The market is more pessimistic than our downside scenario. Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Hokkaido Electric Power Company, Incorporated
How large is the market capitalisation of Hokkaido Electric Power Company, Incorporated (HKEPF)?
The market capitalisation of Hokkaido Electric Power Company, Incorporated is $1.5B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hokkaido Electric Power Company, Incorporated (HKEPF)?
The price-to-sales ratio of Hokkaido Electric Power Company, Incorporated is 0.27 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hokkaido Electric Power Company, Incorporated (HKEPF)?
Earnings per share at Hokkaido Electric Power Company, Incorporated are $1.35 (price ÷ EPS = P/E 5.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Hokkaido Electric Power Company, Incorporated (HKEPF)?
The net margin of Hokkaido Electric Power Company, Incorporated is 5.1% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Hokkaido Electric Power Company, Incorporated (HKEPF)?
The return on equity (ROE) of Hokkaido Electric Power Company, Incorporated is 6.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Hokkaido Electric Power Company, Incorporated (HKEPF)?
On an EBIT basis the return on assets of Hokkaido Electric Power Company, Incorporated is 2.5% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Hokkaido Electric Power Company, Incorporated (HKEPF)?
The operating margin of Hokkaido Electric Power Company, Incorporated is 11.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hokkaido Electric Power Company, Incorporated (HKEPF)?
Revenue at Hokkaido Electric Power Company, Incorporated is growing +5.9% versus a year earlier (3y avg −1.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hokkaido Electric Power Company, Incorporated (HKEPF)?
Earnings per share at Hokkaido Electric Power Company, Incorporated are growing −59.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hokkaido Electric Power Company, Incorporated (HKEPF) generate?
The free cash flow of Hokkaido Electric Power Company, Incorporated is ¥115B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Hokkaido Electric Power Company, Incorporated (HKEPF) carry?
The net debt of Hokkaido Electric Power Company, Incorporated is ¥1.3T (fiscal year 2026, ≈ 11.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Sep 24, 2026