EAST JAPAN RAILWAY COMPANY Financials East Japan Railway Company Deutsche Boerse AG
Equities
EJR
JP3783600004
Passenger Transportation, Ground & Sea
|
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 15 EUR | +0.77% |
|
-3.21% | -14.22% |
| 25/06 | Toyota sold $2 bln worth of cross-held listed shares in FY2023/24, filing shows | RE |
| 30/04 | East Japan Railway Company Provides Dividend Guidance for the Year Ending March 31, 2025 | CI |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 30,84,326 | 29,57,186 | 26,82,169 | 27,63,859 | 32,99,939 | 29,40,384 | - | - |
| Enterprise Value (EV) 1 | 62,42,826 | 63,71,419 | 65,65,739 | 70,08,485 | 75,76,203 | 75,67,221 | 76,83,298 | 76,47,574 |
| P/E ratio | 15.6 x | -5.12 x | -28.2 x | 27.8 x | 16.8 x | 13.7 x | 12.9 x | 11.2 x |
| Yield | 2.02% | 1.28% | 1.41% | 1.36% | 4.8% | 2.03% | 2.24% | 2.6% |
| Capitalization / Revenue | 1.05 x | 1.68 x | 1.36 x | 1.15 x | 1.21 x | 1.03 x | 0.99 x | 0.95 x |
| EV / Revenue | 2.12 x | 3.61 x | 3.32 x | 2.91 x | 2.78 x | 2.65 x | 2.59 x | 2.46 x |
| EV / EBITDA | 8.26 x | -48.4 x | 27.5 x | 13.2 x | 10.3 x | 9.69 x | 9.54 x | 8.94 x |
| EV / FCF | -40.8 x | -7.05 x | -19.5 x | 431 x | -164 x | -54.1 x | -66 x | 66 x |
| FCF Yield | -2.45% | -14.2% | -5.12% | 0.23% | -0.61% | -1.85% | -1.51% | 1.52% |
| Price to Book | 0.98 x | 1.17 x | 1.12 x | 1.12 x | 0.41 x | 1.02 x | 0.97 x | 0.91 x |
| Nbr of stocks (in thousands) | 11,31,724 | 11,31,721 | 11,31,717 | 11,30,413 | 11,30,503 | 11,31,352 | - | - |
| Reference price 2 | 2,725 | 2,613 | 2,370 | 2,445 | 2,919 | 2,599 | 2,599 | 2,599 |
| Announcement Date | 28/04/20 | 28/04/21 | 27/04/22 | 27/04/23 | 30/04/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 29,46,639 | 17,64,584 | 19,78,967 | 24,05,538 | 27,30,118 | 28,54,716 | 29,66,827 | 31,08,875 |
| EBITDA 1 | 7,55,583 | -1,31,530 | 2,38,688 | 5,30,513 | 7,37,333 | 7,81,218 | 8,05,488 | 8,55,450 |
| EBIT 1 | 3,80,841 | -5,20,358 | -1,53,938 | 1,40,628 | 3,45,161 | 3,72,061 | 3,90,314 | 4,44,375 |
| Operating Margin | 12.92% | -29.49% | -7.78% | 5.85% | 12.64% | 13.03% | 13.16% | 14.29% |
| Earnings before Tax (EBT) 1 | 2,84,174 | -7,03,591 | -1,80,502 | 1,28,375 | 2,74,072 | 3,10,700 | 3,29,119 | 3,78,657 |
| Net income 1 | 1,98,428 | -5,77,900 | -94,948 | 99,232 | 1,96,449 | 2,14,975 | 2,28,529 | 2,62,525 |
| Net margin | 6.73% | -32.75% | -4.8% | 4.13% | 7.2% | 7.53% | 7.7% | 8.44% |
| EPS 2 | 175.0 | -510.6 | -83.90 | 87.79 | 173.8 | 189.2 | 202.1 | 232.4 |
| Free Cash Flow 1 | -1,52,909 | -9,03,637 | -3,35,852 | 16,244 | -46,223 | -1,39,954 | -1,16,361 | 1,15,944 |
| FCF margin | -5.19% | -51.21% | -16.97% | 0.68% | -1.69% | -4.9% | -3.92% | 3.73% |
| FCF Conversion (EBITDA) | - | - | - | 3.06% | - | - | - | 13.55% |
| FCF Conversion (Net income) | - | - | - | 16.37% | - | - | - | 44.16% |
| Dividend per Share 2 | 55.00 | 33.33 | 33.33 | 33.33 | 140.0 | 52.75 | 58.15 | 67.57 |
| Announcement Date | 28/04/20 | 28/04/21 | 27/04/22 | 27/04/23 | 30/04/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S2 | 2021 S1 | 2021 S2 | 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 S1 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 14,27,746 | 7,87,297 | 9,77,287 | 8,77,840 | 6,04,954 | 4,96,173 | 5,57,618 | 5,57,382 | 11,15,000 | 6,12,000 | 6,78,538 | 6,29,400 | 6,70,357 | 12,99,829 | 7,01,200 | 7,29,096 | 14,30,289 | 6,60,452 | 7,06,990 | 13,52,000 | 6,92,757 | 7,96,650 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 84,273 | -2,95,288 | -2,25,070 | -1,15,891 | 73,356 | -1,11,403 | 40,297 | 26,403 | 66,700 | 45,300 | 28,628 | 80,100 | 1,11,621 | 1,91,797 | 1,06,800 | 46,651 | 1,53,364 | 90,198 | 1,17,757 | 2,02,000 | 1,10,461 | 53,799 |
| Operating Margin | 5.9% | -37.51% | -23.03% | -13.2% | 12.13% | -22.45% | 7.23% | 4.74% | 5.98% | 7.4% | 4.22% | 12.73% | 16.65% | 14.76% | 15.23% | 6.4% | 10.72% | 13.66% | 16.66% | 14.94% | 15.95% | 6.75% |
| Earnings before Tax (EBT) 1 | - | -3,59,232 | - | -1,37,095 | 75,221 | -1,18,628 | 26,208 | 12,092 | 38,305 | 58,931 | 31,139 | 66,314 | 98,427 | 1,64,741 | 96,225 | - | - | 70,000 | 1,04,000 | 1,74,000 | 91,000 | 45,000 |
| Net income 1 | - | -2,64,379 | - | -1,45,209 | 61,458 | -11,197 | 18,922 | 8,178 | 27,100 | 45,400 | 26,732 | 44,800 | 72,264 | 1,17,077 | 68,200 | 11,217 | - | 48,000 | 74,000 | 1,22,000 | 63,000 | 31,000 |
| Net margin | - | -33.58% | - | -16.54% | 10.16% | -2.26% | 3.39% | 1.47% | 2.43% | 7.42% | 3.94% | 7.12% | 10.78% | 9.01% | 9.73% | 1.54% | - | 7.27% | 10.47% | 9.02% | 9.09% | 3.89% |
| EPS 2 | - | -233.6 | - | -128.3 | 54.31 | -9.893 | 16.72 | 7.233 | 23.95 | 40.27 | 23.57 | 39.66 | 63.96 | 103.6 | 60.32 | 29.65 | - | 52.00 | 48.55 | - | 60.67 | 26.45 |
| Dividend per Share | - | 16.67 | - | 16.67 | - | 16.67 | - | 16.67 | 16.67 | - | - | - | - | 18.33 | - | - | - | - | - | - | - | - |
| Announcement Date | 28/04/20 | 28/10/20 | 28/04/21 | 28/10/21 | 31/01/22 | 27/04/22 | 29/07/22 | 31/10/22 | 31/10/22 | 31/01/23 | 27/04/23 | 28/07/23 | 31/10/23 | 31/10/23 | 31/01/24 | 30/04/24 | 30/04/24 | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 31,58,500 | 34,14,233 | 38,83,570 | 42,44,626 | 42,76,264 | 46,26,837 | 47,42,914 | 47,07,190 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.18 x | -25.96 x | 16.27 x | 8.001 x | 5.8 x | 5.923 x | 5.888 x | 5.503 x |
| Free Cash Flow 1 | -1,52,909 | -9,03,637 | -3,35,852 | 16,244 | -46,223 | -1,39,955 | -1,16,361 | 1,15,944 |
| ROE (net income / shareholders' equity) | 6.4% | -20.3% | -3.9% | 4.1% | 7.6% | 7.74% | 7.73% | 8.51% |
| ROA (Net income/ Total Assets) | 4.02% | -6.64% | -1.99% | 1.2% | 3.1% | 2.35% | 2.38% | 2.82% |
| Assets 1 | 49,37,469 | 86,98,178 | 47,62,664 | 82,50,701 | 63,32,387 | 91,47,852 | 95,88,631 | 93,09,397 |
| Book Value Per Share 2 | 2,780 | 2,240 | 2,116 | 2,189 | 7,207 | 2,543 | 2,672 | 2,860 |
| Cash Flow per Share 2 | 514.0 | -157.0 | 273.0 | 442.0 | 1,592 | 578.0 | 593.0 | 638.0 |
| Capex 1 | 7,03,908 | 7,13,669 | 5,43,698 | 5,78,178 | 7,34,326 | 7,92,080 | 7,61,300 | 6,27,825 |
| Capex / Sales | 23.89% | 40.44% | 27.47% | 24.04% | 26.9% | 27.75% | 25.66% | 20.19% |
| Announcement Date | 28/04/20 | 28/04/21 | 27/04/22 | 27/04/23 | 30/04/24 | - | - | - |
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
10
Last Close Price
2,599
JPY
Average target price
2,960
JPY
Spread / Average Target
+13.88%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +0.16% | 532.21Cr | |
| +12.58% | 339.5Cr | |
| +50.00% | 309.02Cr | |
| -21.99% | 43Cr | |
| -8.40% | 14Cr | |
| +50.66% | 9.15Cr | |
| -24.44% | 7.9Cr |
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