NISHI-NIPPON RAILROAD CO., LTD. Financials Nishi-Nippon Railroad Co., Ltd.
Equities
9031
JP3658800002
Passenger Transportation, Ground & Sea
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,446 JPY | -0.33% |
|
-1.88% | +2.39% |
| Feb. 15 | Nishi-Nippon Railroad’s Profit Up 20% in Fiscal Q1-Q3 | MT |
| Feb. 15 | Nishi-Nippon Railroad Co., Ltd. Revises Earnings Guidance for the Year Ending March 31, 2024 | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 211,172 | 209,246 | 232,955 | 211,316 | 188,514 | 193,083 | - | - |
| Enterprise Value (EV) 1 | 432,942 | 453,320 | 527,016 | 488,281 | 450,592 | 461,082 | 499,987 | 504,739 |
| P/E ratio | 33.4 x | 31.3 x | -19.3 x | 21.4 x | 10.3 x | 8.23 x | 14.4 x | 12.9 x |
| Yield | 1.31% | 1.32% | 0.85% | 1.12% | 1.46% | 1.63% | 1.53% | 1.65% |
| Capitalization / Revenue | 0.53 x | 0.54 x | 0.67 x | 0.49 x | 0.38 x | 0.46 x | 0.44 x | 0.43 x |
| EV / Revenue | 1.09 x | 1.16 x | 1.52 x | 1.14 x | 0.91 x | 1.09 x | 1.15 x | 1.12 x |
| EV / EBITDA | 10.7 x | 12 x | 46.7 x | 16.4 x | 10.1 x | 10.9 x | 11.4 x | 10.4 x |
| EV / FCF | -12 x | -18.5 x | -13.4 x | 24.1 x | 23.5 x | -22.9 x | -13.9 x | -324 x |
| FCF Yield | -8.32% | -5.41% | -7.44% | 4.15% | 4.26% | -4.37% | -7.19% | -0.31% |
| Price to Book | 1.2 x | 1.2 x | 1.42 x | 1.22 x | 0.97 x | 0.9 x | 0.86 x | 0.82 x |
| Nbr of stocks (in thousands) | 78,854 | 78,753 | 78,781 | 78,761 | 78,810 | 78,665 | - | - |
| Reference price 2 | 2,678 | 2,657 | 2,957 | 2,683 | 2,392 | 2,454 | 2,454 | 2,454 |
| Announcement Date | 5/9/19 | 5/20/20 | 5/13/21 | 5/12/22 | 5/11/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 396,835 | 389,446 | 346,121 | 427,159 | 494,643 | 424,000 | 434,300 | 449,800 |
| EBITDA 1 | 40,283 | 37,765 | 11,295 | 29,862 | 44,504 | 42,400 | 44,000 | 48,650 |
| EBIT 1 | 20,173 | 16,411 | -9,501 | 10,451 | 26,150 | 24,050 | 24,100 | 25,900 |
| Operating Margin | 5.08% | 4.21% | -2.74% | 2.45% | 5.29% | 5.67% | 5.55% | 5.76% |
| Earnings before Tax (EBT) 1 | 10,254 | 12,447 | -12,586 | 16,138 | 27,646 | 32,350 | 21,750 | 24,300 |
| Net income 1 | 6,330 | 6,678 | -12,074 | 9,873 | 18,368 | 23,500 | 13,450 | 14,950 |
| Net margin | 1.6% | 1.71% | -3.49% | 2.31% | 3.71% | 5.54% | 3.1% | 3.32% |
| EPS 2 | 80.28 | 84.76 | -153.3 | 125.3 | 233.1 | 298.1 | 170.6 | 189.7 |
| Free Cash Flow 1 | -36,008 | -24,537 | -39,184 | 20,247 | 19,175 | -20,132 | -35,928 | -1,556 |
| FCF margin | -9.07% | -6.3% | -11.32% | 4.74% | 3.88% | -4.75% | -8.27% | -0.35% |
| FCF Conversion (EBITDA) | - | - | - | 67.8% | 43.09% | - | - | - |
| FCF Conversion (Net income) | - | - | - | 205.07% | 104.39% | - | - | - |
| Dividend per Share 2 | 35.00 | 35.00 | 25.00 | 30.00 | 35.00 | 40.00 | 37.50 | 40.50 |
| Announcement Date | 5/9/19 | 5/20/20 | 5/13/21 | 5/12/22 | 5/11/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 S1 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 190,496 | 151,205 | 187,727 | 113,286 | 119,950 | 253,515 | 125,600 | 115,528 | 96,816 | 197,156 | 106,593 | 124,751 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 8,876 | -11,214 | 374 | 6,145 | 5,471 | 11,527 | 8,172 | - | 5,411 | 10,777 | 7,543 | 6,280 |
| Operating Margin | 4.66% | -7.42% | 0.2% | 5.42% | 4.56% | 4.55% | 6.51% | - | 5.59% | 5.47% | 7.08% | 5.03% |
| Earnings before Tax (EBT) | 6,989 | -13,160 | 1,490 | 7,672 | 6,088 | 13,507 | 7,767 | 6,372 | 13,575 | 17,194 | 9,034 | - |
| Net income | 3,870 | -10,969 | 1 | 5,091 | 3,919 | 8,782 | 5,103 | 4,483 | 9,390 | 10,968 | 5,681 | - |
| Net margin | 2.03% | -7.25% | 0% | 4.49% | 3.27% | 3.46% | 4.06% | 3.88% | 9.7% | 5.56% | 5.33% | - |
| EPS | 49.09 | -139.3 | 0.0100 | 64.62 | 49.75 | 111.5 | 64.75 | - | 119.1 | 139.2 | 72.21 | - |
| Dividend per Share | 17.50 | 12.50 | 12.50 | - | - | 15.00 | - | - | - | 17.50 | - | - |
| Announcement Date | 11/7/19 | 11/12/20 | 11/10/21 | 2/10/22 | 8/10/22 | 11/10/22 | 2/9/23 | 5/11/23 | 8/10/23 | 11/10/23 | 2/8/24 | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 221,770 | 244,074 | 294,061 | 276,965 | 262,078 | 267,999 | 306,904 | 311,656 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.505 x | 6.463 x | 26.03 x | 9.275 x | 5.889 x | 6.321 x | 6.975 x | 6.406 x |
| Free Cash Flow 1 | -36,008 | -24,537 | -39,184 | 20,247 | 19,175 | -20,132 | -35,929 | -1,556 |
| ROE (net income / shareholders' equity) | 3.6% | 3.8% | -7.1% | 5.9% | 10% | 9.98% | 6.09% | 6.47% |
| ROA (Net income/ Total Assets) | 3.23% | 2.22% | -1.4% | 1.93% | 3.93% | 2.84% | 2.43% | 2.66% |
| Assets 1 | 195,707 | 300,723 | 861,149 | 510,280 | 467,510 | 827,610 | 554,068 | 561,186 |
| Book Value Per Share 2 | 2,232 | 2,220 | 2,084 | 2,191 | 2,471 | 2,723 | 2,856 | 3,005 |
| Cash Flow per Share 2 | 335.0 | 356.0 | 111.0 | 372.0 | 466.0 | 771.0 | 453.0 | 469.0 |
| Capex 1 | 52,394 | 47,174 | 42,837 | 25,899 | 26,613 | 72,050 | 70,650 | 39,950 |
| Capex / Sales | 13.2% | 12.11% | 12.38% | 6.06% | 5.38% | 16.99% | 16.27% | 8.88% |
| Announcement Date | 5/9/19 | 5/20/20 | 5/13/21 | 5/12/22 | 5/11/23 | - | - | - |
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
Sell
Buy
Mean consensus
HOLD
Number of Analysts
2
Last Close Price
2,454
JPY
Average target price
2,650
JPY
Spread / Average Target
+7.96%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +2.39% | 1.23B | |
| +0.36% | 22.29B | |
| +17.77% | 10.02B | |
| +1.50% | 9.18B | |
| +8.13% | 7.09B | |
| -8.00% | 6.23B | |
| -11.97% | 6.12B | |
| -8.61% | 4.95B | |
| +26.67% | 4.74B | |
| -17.34% | 4.15B |
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- Financials Nishi-Nippon Railroad Co., Ltd.
