EAST JAPAN RAILWAY COMPANY Financials East Japan Railway Company
Equities
9020
JP3783600004
Passenger Transportation, Ground & Sea
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,878 JPY | -0.09% |
|
+0.70% | +6.21% |
| Apr. 11 | East Japan Railway to Launch Online Banking Service | MT |
| Mar. 29 | Bullet Train Services in Eastern Japan Resume After Brief Suspension Due to Power Issues | MT |
Valuation
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,070,800 | 3,084,326 | 2,957,186 | 2,682,169 | 2,763,859 | 3,253,588 | - | - |
| Enterprise Value (EV) 1 | 6,644,212 | 6,242,826 | 6,371,419 | 6,565,739 | 7,008,485 | 7,972,060 | 8,049,953 | 8,121,791 |
| P/E ratio | 13.8 x | 15.6 x | -5.12 x | -28.2 x | 27.8 x | 19.3 x | 16.5 x | 15.2 x |
| Yield | 1.4% | 2.02% | 1.28% | 1.41% | 1.36% | 1.44% | 1.76% | 1.92% |
| Capitalization / Revenue | 1.36 x | 1.05 x | 1.68 x | 1.36 x | 1.15 x | 1.2 x | 1.14 x | 1.1 x |
| EV / Revenue | 2.21 x | 2.12 x | 3.61 x | 3.32 x | 2.91 x | 2.94 x | 2.83 x | 2.76 x |
| EV / EBITDA | 7.78 x | 8.26 x | -48.4 x | 27.5 x | 13.2 x | 11.1 x | 10.4 x | 10.1 x |
| EV / FCF | 95.8 x | -40.8 x | -7.05 x | -19.5 x | 431 x | -56.8 x | -63.1 x | -101 x |
| FCF Yield | 1.04% | -2.45% | -14.2% | -5.12% | 0.23% | -1.76% | -1.59% | -0.99% |
| Price to Book | 1.33 x | 0.98 x | 1.17 x | 1.12 x | 1.12 x | 1.25 x | 1.18 x | 1.12 x |
| Nbr of stocks (in thousands) | 1,143,483 | 1,131,724 | 1,131,721 | 1,131,717 | 1,130,413 | 1,130,503 | - | - |
| Reference price 2 | 3,560 | 2,725 | 2,613 | 2,370 | 2,445 | 2,878 | 2,878 | 2,878 |
| Announcement Date | 4/25/19 | 4/28/20 | 4/28/21 | 4/27/22 | 4/27/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,002,043 | 2,946,639 | 1,764,584 | 1,978,967 | 2,405,538 | 2,715,679 | 2,842,555 | 2,946,256 |
| EBITDA 1 | 853,582 | 755,583 | -131,530 | 238,688 | 530,513 | 717,746 | 775,964 | 806,340 |
| EBIT 1 | 484,860 | 380,841 | -520,358 | -153,938 | 140,628 | 311,129 | 344,579 | 378,922 |
| Operating Margin | 16.15% | 12.92% | -29.49% | -7.78% | 5.85% | 11.46% | 12.12% | 12.86% |
| Earnings before Tax (EBT) 1 | 428,619 | 284,174 | -703,591 | -180,502 | 128,375 | 248,460 | 291,654 | 321,356 |
| Net income 1 | 295,216 | 198,428 | -577,900 | -94,948 | 99,232 | 169,082 | 201,303 | 221,026 |
| Net margin | 9.83% | 6.73% | -32.75% | -4.8% | 4.13% | 6.23% | 7.08% | 7.5% |
| EPS 2 | 257.8 | 175.0 | -510.6 | -83.90 | 87.79 | 149.0 | 174.8 | 189.3 |
| Free Cash Flow 1 | 69,376 | -152,909 | -903,637 | -335,852 | 16,244 | -140,298 | -127,656 | -80,676 |
| FCF margin | 2.31% | -5.19% | -51.21% | -16.97% | 0.68% | -5.17% | -4.49% | -2.74% |
| FCF Conversion (EBITDA) | 8.13% | - | - | - | 3.06% | - | - | - |
| FCF Conversion (Net income) | 23.5% | - | - | - | 16.37% | - | - | - |
| Dividend per Share 2 | 50.00 | 55.00 | 33.33 | 33.33 | 33.33 | 41.34 | 50.80 | 55.11 |
| Announcement Date | 4/25/19 | 4/28/20 | 4/28/21 | 4/27/22 | 4/27/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: Maart | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,518,893 | 1,427,746 | 787,297 | 977,287 | 444,442 | 877,840 | 604,954 | 496,173 | 557,618 | 557,382 | 1,115,000 | 612,000 | 678,538 | 629,400 | 670,357 | 1,299,829 | 701,200 | 717,167 | 1,290,500 | 660,900 | 706,300 | 717,500 | 701,300 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 296,568 | 84,273 | -295,288 | -225,070 | -60,636 | -115,891 | 73,356 | -111,403 | 40,297 | 26,403 | 66,700 | 45,300 | 28,628 | 80,100 | 111,621 | 191,797 | 106,800 | 12,234 | 73,900 | 101,300 | 127,800 | 105,200 | 7,100 |
| Operating Margin | 19.53% | 5.9% | -37.51% | -23.03% | -13.64% | -13.2% | 12.13% | -22.45% | 7.23% | 4.74% | 5.98% | 7.4% | 4.22% | 12.73% | 16.65% | 14.76% | 15.23% | 1.71% | 5.73% | 15.33% | 18.09% | 14.66% | 1.01% |
| Earnings before Tax (EBT) | 271,466 | - | -359,232 | - | -71,388 | -137,095 | 75,221 | -118,628 | 26,208 | 12,092 | 38,305 | 58,931 | 31,139 | 66,314 | 98,427 | 164,741 | 96,225 | - | - | - | - | - | - |
| Net income 1 | 188,534 | - | -264,379 | - | -68,251 | -145,209 | 61,458 | -11,197 | 18,922 | 8,178 | 27,100 | 45,400 | 26,732 | 44,800 | 72,264 | 117,077 | 68,200 | -15,732 | - | - | - | - | - |
| Net margin | 12.41% | - | -33.58% | - | -15.36% | -16.54% | 10.16% | -2.26% | 3.39% | 1.47% | 2.43% | 7.42% | 3.94% | 7.12% | 10.78% | 9.01% | 9.73% | -2.19% | - | - | - | - | - |
| EPS | 165.9 | - | -233.6 | - | -60.31 | -128.3 | 54.31 | -9.893 | 16.72 | 7.233 | 23.95 | 40.27 | 23.57 | 39.66 | 63.96 | 103.6 | 60.32 | - | - | - | - | - | - |
| Dividend per Share | 27.50 | - | 16.67 | - | 16.67 | 16.67 | - | 16.67 | - | 16.67 | 16.67 | - | - | - | - | 18.33 | - | - | - | - | - | - | - |
| Announcement Date | 10/28/19 | 4/28/20 | 10/28/20 | 4/28/21 | 10/28/21 | 10/28/21 | 1/31/22 | 4/27/22 | 7/29/22 | 10/31/22 | 10/31/22 | 1/31/23 | 4/27/23 | 7/28/23 | 10/31/23 | 10/31/23 | 1/31/24 | - | - | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,573,412 | 3,158,500 | 3,414,233 | 3,883,570 | 4,244,626 | 4,718,472 | 4,796,364 | 4,868,203 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.015 x | 4.18 x | -25.96 x | 16.27 x | 8.001 x | 6.574 x | 6.181 x | 6.037 x |
| Free Cash Flow 1 | 69,376 | -152,909 | -903,637 | -335,852 | 16,244 | -140,298 | -127,656 | -80,676 |
| ROE (net income / shareholders' equity) | 10% | 6.4% | -20.3% | -3.9% | 4.1% | 6.74% | 7.4% | 7.63% |
| ROA (Net income/ Total Assets) | 5.9% | 4.02% | -6.64% | -1.99% | 1.2% | 1.97% | 2.24% | 2.39% |
| Assets 1 | 5,003,661 | 4,937,469 | 8,698,178 | 4,762,664 | 8,250,701 | 8,581,979 | 8,973,140 | 9,254,126 |
| Book Value Per Share 2 | 2,682 | 2,780 | 2,240 | 2,116 | 2,189 | 2,301 | 2,431 | 2,572 |
| Cash Flow per Share 2 | 587.0 | 514.0 | -157.0 | 273.0 | 442.0 | 501.0 | 571.0 | 600.0 |
| Capex 1 | 649,037 | 703,908 | 713,669 | 543,698 | 578,178 | 736,300 | 795,375 | 764,125 |
| Capex / Sales | 21.62% | 23.89% | 40.44% | 27.47% | 24.04% | 27.11% | 27.98% | 25.94% |
| Announcement Date | 4/25/19 | 4/28/20 | 4/28/21 | 4/27/22 | 4/27/23 | - | - | - |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
2,878
JPY
Average target price
2,916
JPY
Spread / Average Target
+1.32%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +6.21% | 20.67B | |
| -2.44% | 5.17B | |
| +10.59% | 3.43B | |
| +32.24% | 2.86B | |
| -15.43% | 459M | |
| -17.31% | 133M | |
| +41.93% | 88.25M | |
| -24.44% | 77.94M |
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- Financials East Japan Railway Company
