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The Kansai Electric Power Company (KAEPF) Fair Value & Analysis

Utilities · US · Market cap $16.3B

TK The Kansai Electric Power Company logo The Kansai Electric Power Company KAEPF · US
Price$15.15
Fair Value$15.67
Upside+3.4%
Quality38/100
Expensive Growth
Thin margins · 9.4% net margin
Moderate debt · generates free cash flow
3.42% dividend yield
Ranks above peers (7/11)
Narrow moat 43/100
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Evidence: High Range $13.06 – $27.75 Share as image

Fair value as of: Jul 19, 2026

From 22 valuation models · updated 17 days ago

Share price +7.1% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range ($13.06 to $27.75) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$17.62 $6.09 Fair Value $15.67 Nov 2015 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 19, 2026.

How to read this chart

60‑month range $6.09 – $17.62 · fair‑value band $13.06 – $27.75 · the $15.15 price screens below the $15.67 fair value. As of Jul 19, 2026.

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Analysis

The Kansai Electric Power Company (KAEPF) currently trades at $15.15, while our model-based Fair Value estimate is $15.67, implying the stock looks roughly 3.4% fairly valued today. We read business quality at 38/100 (below-average quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, The Kansai Electric Power Company generated revenue of $4.1T at a net margin of 9.4%. Revenue declined 6.5% year over year. It earns a return on equity of 11.6%. Net debt stands at $3.6T. Fundamentals as of Jul 19, 2026

Our scenario range runs from $13.06 (bear case) to $27.75 (bull case); at $15.15, the current price sits within that range. The share trades about 14% below its 52-week high and 31% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -30% fair-value upside, at 3%, KAEPF screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income $18.90 $21.69 $41.05 76
Rev-Margin DCF $8.56 $20.22 74
ROIC Compounder $2.29 $4.84 72
All 22 models by family
DCF Models
Owner Earnings $1.62 31
5Y Revenue Exit $8.57 $22.61 39
5Y EBITDA Exit $9.08 $27.39 $49.69 41
5Y P/E Exit $2.85 $16.66 $31.64 38
10Y Revenue Exit $1.92 $12.23 36
10Y EBITDA Exit $0.8119 $14.44 $30.80 37
10Y P/E Exit $7.30 $18.43 35
Earnings-Based
Graham-Dodd $15.69 $29.65 $36.89 54
EPV $2.29 $4.84 59
Dividend Discount
Gordon GGM $3.73 $5.08 $6.45 70
DDM Multi-Stage $3.73 $5.16 $6.86 61
Multiples
P/E Multiple $34.62 $46.16 $57.70 63
P/S Multiple $29.43 $39.23 $49.04 58
P/B Multiple $29.43 $39.23 $49.04 55
EV/EBIT $17.89 $29.89 $41.90 53
EV/EBITDA $27.91 $43.26 $58.61 54
EV/Revenue $6.15 $16.55 $26.96 43
Asset-Based
NCAV (Graham) $10.49 $14.06 $20.98 50
Growth DCF
Rev-Margin DCF $8.56 $20.22 74
Economic Profit
Residual Income $18.90 $21.69 $41.05 76
ROIC Compounder $2.29 $4.84 72
Growth Earnings
Growth-Adj P/E $24.79 $35.42 $46.04 68

Widest divergence: Multiples ($39.23) versus Earnings-Based ($2.29). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) $4.1T
Revenue growth (YoY) -6.5%
Net margin 9.4%
Return on equity 11.6%
Free cash flow $92.5B FY2026
P/E ratio 6.9
More key figures
Operating margin 4.5%
EPS (TTM) $2.13
Dividend yield 3.4%
EPS growth (YoY) -31.4%
Net debt $3.6T FY2026

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100

Of which business quality 31 · Market factors (momentum, volatility) 62

Profitability 32
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 41
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 38
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 60
Price trend over the last 3–12 months (market factor)
52W Momentum 80
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

The Kansai Electric Power Company, Incorporated engages in electricity, gas and heat supply, and telecommunication and gas supply in Japan. It operates through four segments: Energy Business, Power Transmission and Distribution Business, Information and Communication Business, and Life and Business Solution Business.

Full company description

The Kansai Electric Power Company, Incorporated engages in electricity, gas and heat supply, and telecommunication and gas supply in Japan. It operates through four segments: Energy Business, Power Transmission and Distribution Business, Information and Communication Business, and Life and Business Solution Business. The company generates power from thermal, hydropower, wind, biomass, and nuclear power generation plants. It also involved in the power transmission and distribution business; the provision of information and communication services for homes and businesses under the eo Hikari brand; mobile business under the mineo business; corporate solution business; and real estate leasing, sales, and management activities; and leisure, leasing, call center management, medical and health care, and home security businesses. In addition, the company engages in the design, construction, operation, maintenance, and management of power generation, power distribution, electrical, and information communication facilities, and information and communication equipment; manufacture and sale of electrical wiring hardware, insulators, bushings, steel pipe poles, concrete poles, and other electrical distribution equipment and materials; housing equipment sales; remodeling work; and passenger/freight transportation. Further, it involved in the survey and research on safety technology for nuclear power generation, survey/design /construction supervision related to civil engineering, etc.; acceptance/ storage/construction supervision related to civil engineering, etc.; and provision of survey, analysis, consulting, and construction services related to the environment, civil engineering, and architecture, as well as public relations and engineering services. The Kansai Electric Power Company, Incorporated was incorporated in 1951 and is headquartered in Osaka, Japan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

The Kansai Electric Power Company reported revenue of $4.1T in FY2026 versus $2.9T in FY2022, a compound +9.4%/yr. Reported net income was $382B in FY2026, compounding +45.3%/yr from FY2022.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
$4.1T
Latest YoY
−5.9%
Avg. growth/yr (3Y)
+1.1%
Avg. growth/yr (5Y)
+5.7%
Avg. growth/yr (26Y)
+1.8%
Revenue +9.4%/yr
FY22 $2.9T
FY23 $4.0T
FY24 $4.1T
FY25 $4.3T
FY26 $4.1T
Net income +45.3%/yr
FY22 $85.8B
FY23 $17.7B
FY24 $442B
FY25 $420B
FY26 $382B

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Cite: Fair Value Calculator (2026). "The Kansai Electric Power Company Fair Value". https://www.fairvalue-calculator.com/stock/KAEPF

Peer Group

Utilities - Renewable · 220 stocks

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.

Quality Score 37 · Below median
Fair Value upside +26% · Top 25%
Return on equity (TTM) 12% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 9% · Above median
Operating margin (TTM) 4% · Below median
Revenue growth -7% · Below median
Dividend yield (TTM) 3.4% · Above median
Debt / equity 1.08× · Higher than median

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/E (TTM) 6.9× · Cheaper than 75% of peers
P/FCF 0.2× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 68 · sector 9
FUTURE 0 · sector 0
PAST 46 · sector 11
HEALTH 46 · sector 67
DIVIDEND 68 · sector 53

Insider activity: 30/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥27.99 ¥25.13 -10%
Ørsted A/S ORSTED kr 149.70 kr 31.40 -79%
Huaneng Lancang River Hydropower Inc 600025 ¥9.81 ¥5.57 -43%
Adani Green Energy Limited ADANIGREEN ₹1,537 ₹170.50 -89%
AXIA Energia SA AXIAP $10.74 $9.65 -10%
VERBUND AG OEWA €58.65 €66.19 +13%
BEP BEP $32.33 $73.35 +127%
BEPUN BEPUN C$44.56 C$10.15 -77%
Fortum Oyj FORTUM €19.89 €13.90 -30%
China Longyuan Power Group 001289 ¥16.21 ¥8.23 -49%

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Frequently asked questions

Is The Kansai Electric Power Company (KAEPF) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of $15.67 versus a price of $15.15, about +3% (fairly valued).
What is the fair value of KAEPF?
Our model-based fair value for The Kansai Electric Power Company is $15.67 (as of Jul 19, 2026), built from audited fundamentals. The current price is $15.15.
What is the quality score of KAEPF?
The Kansai Electric Power Company has a Quality Score of 38/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of The Kansai Electric Power Company (KAEPF)?
The Kansai Electric Power Company reported trailing-twelve-month revenue of about $4.1T (latest available figure, as of Jul 19, 2026).
What is the net profit margin of KAEPF?
The net profit margin of The Kansai Electric Power Company is about 9.4%, meaning it keeps roughly 9.4% of revenue as net income. Based on the latest reported figures.
Does The Kansai Electric Power Company pay a dividend?
The Kansai Electric Power Company currently shows a dividend yield of about 3.42% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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