A 125 cc 2-stroke is capable of delivering over 50 hp. I know a guy that has one in his go-cart - 48 hp at 16500 rpm, and it is not the wildest engine out there.
When some of you say "14 hp sounds right" you should know that those are detuned numbers, the engine has been choked down to produce less power. The DTLC and DTR engines gave 19-23 hp up until the day it was decided that 125 cc bikes should be limited to 10 kW, which happens to be 13.6 hp, give or take some margin.
I have owned three, my first two (1987 & 1990) were fresh and unrestricted and happily did 130 km/h+. My current (2002) was restricted when I bought it and would not do over 80 km/h. Detuning consisted of moving the reed switch away from the speedometer needle, and putting on an expansion chamber without the baffles that were added to the restricted models. It now revs happily to 9500, is every bit as powerful as my old ones. It tops out at 120 km/h because the gearing is too short, but it's fine with me because I only drive around town anyway.
So the bottom line is: no - 14 hp is not "normal" for these engines. They are neutered. In their nominal state you can get 25 hp from a 125 cc 2-stroke without resorting to magic.
The upside is that at 14 hp, they do not wear much. My two first went through several pistons over a couple of years. This third one lived its first 45000 km as restricted and is still on its first piston!