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The Okinawa Electric Power Company (OKEPF) Fair Value & Analysis

Utilities · US · Market cap $356M

TO The Okinawa Electric Power Company logo The Okinawa Electric Power Company OKEPF · US
Price$6.55
Fair Value$11.12
Upside+69.8%
Quality39/100
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Expensive Growth
Thin margins · 2.8% net margin
High debt · negative free cash flow
2.87% dividend yield
Mixed vs. peers (4/10)
Narrow moat 24/100
Evidence: Medium Range $9.13 – $12.76 Share as image

Fair value as of: Jul 18, 2026

From 8 valuation models · updated 23 days ago

Below-average quality, screening 70% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (39/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case ($9.13). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

$14.99 $5.32 Fair Value $11.12 Jan 2016 Jul 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 18, 2026.

How to read this chart

60‑month range $5.32 – $14.99 · fair‑value band $9.13 – $12.76 · the $6.55 price screens below the $11.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Jul 18, 2026.

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Analysis

The Okinawa Electric Power Company (OKEPF) currently trades at $6.55, while our model-based Fair Value estimate is $11.12, implying the stock looks roughly 69.8% undervalued today. The Quality Score stands at 39/100 (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: medium), always confirm before acting.

Over the trailing twelve months, The Okinawa Electric Power Company generated revenue of $220B at a net margin of 2.8%. Revenue declined 7.7% year over year. It earns a return on equity of 5.1%. Net debt stands at $303B. Fundamentals as of Jul 18, 2026

Our scenario range runs from $9.13 (bear case) to $12.76 (bull case); at $6.55, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 4% 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 70%, OKEPF 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 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. Evidence
Highest evidence
Growth-Adj P/E $7.25 $10.36 $13.47 68
P/E Multiple $10.21 $13.61 $17.01 63
Residual Income $11.32 $11.12 $9.71 61
All 8 models by family
Earnings-Based
Graham-Dodd $5.14 $8.28 $9.99 54
Multiples
P/E Multiple $10.21 $13.61 $17.01 63
P/S Multiple $9.64 $12.85 $16.06 58
P/B Multiple $9.64 $12.85 $16.06 55
EV/EBITDA $0.4943 $10.47 $20.46 54
Asset-Based
NCAV (Graham) $7.91 $10.59 $15.81 50
Economic Profit
Residual Income $11.32 $11.12 $9.71 61
Growth Earnings
Growth-Adj P/E $7.25 $10.36 $13.47 68

Widest divergence: Multiples ($12.85) versus Earnings-Based ($8.28). Highest evidence: Growth-Adj P/E (68).

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Key figures & financial health

Revenue (TTM) $220B
Revenue growth (YoY) -7.7%
Net margin 2.8%
Return on equity 5.1%
Free cash flow −$10.9B FY2026
P/E ratio 9.1
More key figures
Operating margin -0.7%
EPS (TTM) $0.7200
Dividend yield 2.9%
EPS growth (YoY) +6.6%
Net debt $303B FY2026

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 38 · Market factors (momentum, volatility) 52

Profitability 21
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 14
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 82
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 Okinawa Electric Power Company, Incorporated engages in the generation, transmission, and distribution of electricity in Okinawa Prefecture, Japan. It operates through Electric Power Business and Construction Business segments. The company generates electricity from thermal sources.

Full company description

The Okinawa Electric Power Company, Incorporated engages in the generation, transmission, and distribution of electricity in Okinawa Prefecture, Japan. It operates through Electric Power Business and Construction Business segments. The company generates electricity from thermal sources. It also offers civil engineering, architectural, electrical, piping and telecommunications works, as well as construction and maintenance of power equipment. In addition, the company involved in repair and contract operation of internal combustion power generation; contract driving, sales and repair of electrical equipment; operation and inspection of electrical machinery equipment; manufacturing, repair and inspection fees for electric meters; land and building management and leasing, and land business; contracting out of work; design, construction, operation and sales of computer; survey, design and construction supervision of power facilities; environmental surveys; contract for electrification system consulting business; colocation services and call center operations; and wind power generation. The company was founded in 1972 and is based in Urasoe, Japan.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

The Okinawa Electric Power Company reported revenue of $222B in FY2026 versus $176B in FY2022, a compound +5.9%/yr. Reported net income was $6.3B in FY2026, compounding +33.8%/yr from FY2022.

Growth Quality 26/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
$222B
Latest YoY
−6.3%
Avg. growth/yr (3Y) 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.
−0.3%
Avg. growth/yr (5Y) 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.
+3.1%
Avg. growth/yr (21Y) 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.
+1.9%
Revenue +5.9%/yr
FY22 $176B
FY23 $224B
FY24 $236B
FY25 $237B
FY26 $222B
Net income +33.8%/yr
FY22 $2.0B
FY23 −$45.5B
FY24 $2.4B
FY25 $4.3B
FY26 $6.3B
Character of growth · EPS growth decomposed (2015-2026) −0.4 % p.a.
Revenue per share +3.2 pp

of which total revenue +2.7 pp · buybacks/dilution +0.5 pp

EBIT margin −5.3 pp
Tax rate +1.8 pp
Residual (interest, one-offs) −0.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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

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 39 · Below median
Fair Value upside +70% · Top 25%
Return on equity (TTM) 5% · Above median
Return on assets 1% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) -1% · Bottom 25%
Revenue growth -8% · Below median
Dividend yield (TTM) 2.9% · Above median
Debt / equity 2.01× · Higher than 75% of peers

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/E (TTM) 9.1× · 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 100 · sector 12
FUTURE 0 · sector 0
PAST 20 · sector 12
HEALTH 0 · sector 68
DIVIDEND 57 · sector 48

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 18, 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 Okinawa Electric Power Company (OKEPF) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of $11.12 versus a price of $6.55, about +70% (undervalued).
What is the fair value of OKEPF?
Our model-based fair value for The Okinawa Electric Power Company is $11.12 (as of Jul 18, 2026), built from audited fundamentals. The current price is $6.55.
What is the quality score of OKEPF?
The Okinawa Electric Power Company has a Quality Score of 39/100. 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 revenue of The Okinawa Electric Power Company (OKEPF)?
The Okinawa Electric Power Company reported trailing-twelve-month revenue of about $220B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of OKEPF?
The net profit margin of The Okinawa Electric Power Company is about 2.8%, meaning it keeps roughly 2.8% of revenue as net income. Based on the latest reported figures.
Does The Okinawa Electric Power Company pay a dividend?
The Okinawa Electric Power Company currently shows a dividend yield of about 2.87% relative to its recent price (as of Jul 18, 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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