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9513.T

Electric Power Development Co., Ltd. (9513.T) fair value

Utilities · Utilities - Renewable · TSE · Japan
¥3995.00-0.15%
Market cap ¥703.2BNext earnings 2026-10-30Updated Oct 23, 2026
Our verdict
Trades 17% below our fair value
Price
¥3995.00
Model fair valueConfidence: good
¥4797
Model range
¥1393 to ¥8769
Fair value ¥4797
Price ¥3995
2 models fit Electric Power Development Co., Ltd. and they disagree: 0 of 2 land within 15% of the average.
Two or more of our models back this value.
Discount(i)Silver69
Valued as a utility: Dividend discount and P/E comparison.
ACCE opinionElectric Power Development Co., Ltd. (9513.T)
Fair value (2 models)
¥4797
ACCE price target
¥4140
Rating
Undervalued
Horizon
12 months
Fair value published on 23 Oct 2026, 11:04 CEST.
ACCE price target published on 23 Oct 2026, 01:53 CEST.
Rating published on 23 Oct 2026, 11:04 CEST.
Price used: ¥3995 at the close on 23 Oct 2026, 08:30 CEST.
Models: P/E comparison and Dividend discount.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
16.7% below
+20.1% to fair value
ACCE score
57
out of 100
P/E
20.9x
forward 11.1x
1-year return
+33.5%
Dividend yield
2.75%

Electric Power Development Co., Ltd. in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Electric Power Development Co., known as J-Power, runs a mixed fleet of hydro, thermal and wind generation plus a growing renewables and overseas development arm, and sells the output into Japan's wholesale and retail power markets. Its low 3.4% ROE and 7.0% gross margin reflect a capital-heavy, regulated-adjacent asset base, so the case rests less on quality metrics than on whether earnings growth is being underpriced. Revenue growth of 12.0% against a forward P/E of 11.1, versus a trailing P/E of 20.9, implies the market expects a sharp earnings recovery or step-up in profitability. An operating margin of 12.9% on top of that growth is the number to test against the company's disclosed capex plan and the power price outlook. The stock is not in any major index, which may limit institutional coverage and make the forward estimate gap worth a closer look.

AI-assisted·How I use AIWritten Oct 23, 2026

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Valuation

INVESTOR
Where 9513.T's valuation models land
Price
¥3995.00
Model fair value
¥4797
Model range
¥1393 to ¥8769
Fair value ¥4797
Price ¥3995
The price sits inside the model range.
Model
Fair value
Upside
Dividend discount
P/E comparison
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

No analyst coverage yet.
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
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Where it sits vs peers

News and Record

Recent performance

1 week
+1.7%
1 month
-5.0%
3 months
+4.2%
6 months
+6.0%
YTD
+26.3%
1 year
+33.5%

Recommendation history, last 12 months

DateTypeNewPreviousPrice
23 Oct 2026, 11:04 CESTRatingUndervaluedfirst publication¥4001
23 Oct 2026, 11:04 CESTFair value¥4797first publication¥4001
23 Oct 2026, 01:53 CESTACCE price target¥4140first publication¥4001

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

This security trades in JPY. Exchange-rate movements can increase or reduce the result in your own currency.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth40Value74Quality38Momentum77Total57
Valuation
Trailing P/E
20.9x
Forward P/E
11.1x
PEG
no data
P/B
no data
EV / Revenue
no data
Book value/sh
no data
Enterprise value
no data
Profitability
ROE
3.4%
FCF yield
no data
ROIC
no data
Health and risk
Debt / equity
1.26
Dividend yield
2.75%
Beta
no data

Price

+31.8% · 1Y

Ask anything about 9513.T

Answered from Electric Power Development Co., Ltd. fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 25% of peers
low 7.8x20.9xhigh 45.5x
ROEbetter than 17% of peers
low -1%3%high 35%
Div yieldbetter than 33% of peers
low 0.0%2.8%high 7.0%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
9513.T Electric Power Development Co., Ltd.¥3995.00¥479717% below20.9x3.4%3857
MWH SOLV Energy Inc. Class A Common Stock$21.53$249% below45.5x35.3%5849
9506.T Tohoku Electric Power Company, Incorporated¥1286.00--7.8x7.7%3066
NPI.TO Northland Power Inc.C$21.92C$1633% above--1.3%4652
ENELGXCH.SN Enel Generación Chile S.ACLP 591.35--9.1x20.4%8061
9501.T Tokyo Electric Power Company Holdings, Incorporated¥498.10---12.5%3746
CEN.AX Contact Energy LimitedA$6.85A$529% above19.4x10.6%6639

Sector report card

Where 9513.T ranks against its sector peers on each metric.

Computing percentiles…