Okinawa Electric Power Co (9511) AI Stock Analysis

• Market Cap: ¥60.07B
• Dividend Yield: 2.31%
• Average Volume (3M): 139.76K
• Price to Earnings (P/E): 10.1
• Beta (1Y): 0.41
• Revenue Growth: -1.96%
• EPS Growth: 33.15%
• Country: JP
• Employees: 3,079
• Sector: Utilities
• Sector Strength: 65
• Industry: Renewable Utilities
• EPS (TTM): 156.05
• Shares Outstanding: 56,927,963
• 10 Day Avg. Volume: 159,450
• 30 Day Avg. Volume: 139,760
• PEG Ratio: 0.14
• Price to Book (P/B): 0.41
• Price to Sales (P/S): 0.21
• P/FCF Ratio: -7.07
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: ¥1,113.00 ▲(0.63% Upside)

The stock's overall score is driven by strong technical indicators and a favorable valuation, despite financial performance concerns. The positive market momentum and low P/E ratio suggest potential upside, but financial risks due to high leverage and negative free cash flow remain significant considerations.

Positive Factors

Renewable Energy Investments

Investments in renewable energy align with global sustainability trends and may attract government incentives, supporting long-term growth and diversification.

Stable Revenue Stream

Regulated pricing ensures predictable cash flows, reducing revenue volatility and providing financial stability over the medium to long term.

Profitability Improvements

Enhanced profitability and cash generation indicate better operational efficiency, which can support future investments and debt reduction.

Negative Factors

High Leverage

High leverage can strain financial flexibility and increase risk, particularly in volatile market conditions, potentially impacting long-term viability.

Negative Free Cash Flow

Persistent negative free cash flow suggests ongoing investment or financing needs, which could pressure liquidity and limit growth opportunities.

Fluctuating Margins

Inconsistent margins reflect operational instability, which can hinder strategic planning and affect long-term profitability and competitiveness.

Okinawa Electric Power Co Business Overview & Revenue Model

Company Description

The Okinawa Electric Power Co., Inc. engages in power distribution business. It operates through the Electric and Construction segments. The Electric segment supplies electricity throughout Okinawa Prefecture. The Construction segment carries out civil engineering, architectural, electrical, plumbing, and telecommunications works, as well as the construction and maintenance of power equipment. The company was founded on May 15, 1972 and is headquartered in Urasoe, Japan.

How the Company Makes Money

Okinawa Electric Power generates revenue primarily through the sale of electricity to its customers, which include households, businesses, and government entities. The company has a regulated pricing structure, where electricity rates are approved by the government, allowing it to maintain a stable revenue stream. In addition to traditional power generation, the company has been investing in renewable energy sources, which not only align with global sustainability trends but also provide opportunities for government incentives and subsidies. Key revenue streams include residential and commercial electricity sales, transmission and distribution services, and ancillary services related to energy management. Partnerships with local and national governments, as well as collaborations with private firms in renewable energy projects, further enhance its revenue potential by expanding service offerings and entering new markets.

Okinawa Electric Power Co Financial Statement Overview

Summary

Okinawa Electric Power Co's financials reflect a mixed performance, with improvements in profitability and operational cash generation. However, high leverage, fluctuating margins, and negative free cash flow pose significant risks.

Income Statement

The company shows a volatile revenue trend with moderate growth in recent years. Gross and net profit margins have been inconsistent, indicating fluctuating profitability. Though EBIT and EBITDA margins have improved recently, the overall income statement reflects instability, particularly with the significant losses experienced in 2023.

Balance Sheet

The balance sheet highlights high leverage with a consistently high debt-to-equity ratio, reflecting potential financial risk. However, the company's equity ratio has remained relatively stable, suggesting some balance in capital structure. Return on Equity (ROE) has shown improvement, although it remains susceptible to earnings volatility.

Cash Flow

Cash flow analysis indicates operational challenges as free cash flow remains negative despite improvements in operating cash flow. The operating cash flow to net income ratio shows a favorable operational cash generation relative to net income, but persistent negative free cash flow suggests ongoing investment or financing needs.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	234.59B	236.54B	236.39B	223.52B	176.23B	190.52B
Gross Profit	12.93B	7.32B	3.48B	-48.41B	2.81B	12.62B
EBITDA	27.94B	31.05B	25.80B	-27.47B	27.24B	34.97B
Net Income	5.82B	4.32B	2.39B	-45.46B	1.96B	8.34B
Balance Sheet
Total Assets	504.13B	500.41B	498.67B	480.55B	446.52B	427.03B
Cash, Cash Equivalents and Short-Term Investments	20.66B	18.75B	22.16B	19.06B	21.87B	26.68B
Total Debt	320.86B	310.44B	314.47B	304.62B	227.64B	211.34B
Total Liabilities	382.04B	376.86B	379.84B	366.05B	285.23B	263.96B
Stockholders Equity	119.91B	121.36B	116.80B	112.61B	159.48B	161.43B
Cash Flow
Free Cash Flow	-5.41B	-7.04B	-7.72B	-81.14B	-18.64B	400.00M
Operating Cash Flow	4.67B	34.08B	25.63B	-38.06B	17.33B	31.69B
Investing Cash Flow	-8.51B	-34.04B	-32.00B	-38.48B	-34.93B	-29.48B
Financing Cash Flow	4.94B	-3.44B	9.54B	75.04B	12.79B	1.39B

Okinawa Electric Power Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1106.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9511, the sentiment is Positive. The current price of 1106 is above the 20-day moving average (MA) of 1092.10, above the 50-day MA of 1067.62, and above the 200-day MA of 974.35, indicating a bullish trend. The MACD of 13.45 indicates Negative momentum. The RSI at 63.78 is Neutral, neither overbought nor oversold. The STOCH value of 69.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9511.

Okinawa Electric Power Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9513	82 Outperform	¥593.99B	5.69	7.92%	3.22%	-1.56%	9.17%
9506	74 Outperform	¥578.02B	3.61	16.13%	3.47%	-8.73%	-6.98%
9509	71 Outperform	¥227.70B	4.02	14.57%	2.36%	-1.60%	-10.41%
9505	69 Neutral	¥204.36B	3.01	17.95%	2.31%	1.75%	38.58%
9504	69 Neutral	¥360.98B	3.28	15.45%	3.23%	-1.02%	79.80%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
9511	63 Neutral	¥60.07B	10.11	4.73%	2.31%	-1.96%	33.15%

Okinawa Electric Power Co Corporate Events

Okinawa Electric Power Co. Reports Strong Profit Growth Despite Sales Decline

Okinawa Electric Power Co. reported a decrease in net sales by 6.3% for the six months ending September 30, 2025, compared to the same period in 2024. Despite the decline in sales, the company achieved significant growth in operating profit, ordinary profit, and profit attributable to owners of the parent, with increases of 37.2%, 33.8%, and 31.4% respectively. This financial performance indicates improved operational efficiency and profitability, which could positively impact stakeholders and enhance the company’s positioning in the electric power industry.

The most recent analyst rating on (JP:9511) stock is a Hold with a Yen1113.00 price target. To see the full list of analyst forecasts on Okinawa Electric Power Co stock, see the JP:9511 Stock Forecast page.