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 | ||
| 3,015 JPY | +0.68% |
|
+4.67% | +11.27% |
| 11/04 | East Japan Railway to Launch Online Banking Service | MT |
| 29/03 | Bullet Train Services in Eastern Japan Resume After Brief Suspension Due to Power Issues | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 40,70,800 | 30,84,326 | 29,57,186 | 26,82,169 | 27,63,859 | 34,11,026 | - | - |
| Enterprise Value (EV) 1 | 66,44,212 | 62,42,826 | 63,71,419 | 65,65,739 | 70,08,485 | 32,99,939 | 82,07,391 | 82,79,229 |
| P/E ratio | 13.8 x | 15.6 x | -5.12 x | -28.2 x | 27.8 x | 16.8 x | 16.6 x | 15.9 x |
| Yield | 1.4% | 2.02% | 1.28% | 1.41% | 1.36% | 4.8% | 1.71% | 1.83% |
| Capitalization / Revenue | 1.36 x | 1.05 x | 1.68 x | 1.36 x | 1.15 x | 1.21 x | 1.2 x | 1.16 x |
| EV / Revenue | 2.21 x | 2.12 x | 3.61 x | 3.32 x | 2.91 x | 1.21 x | 2.88 x | 2.81 x |
| EV / EBITDA | 7.78 x | 8.26 x | -48.4 x | 27.5 x | 13.2 x | 4.48 x | 10.6 x | 10.3 x |
| EV / FCF | 95.8 x | -40.8 x | -7.05 x | -19.5 x | 431 x | -71.4 x | -64.3 x | -103 x |
| FCF Yield | 1.04% | -2.45% | -14.2% | -5.12% | 0.23% | -1.4% | -1.56% | -0.97% |
| Price to Book | 1.33 x | 0.98 x | 1.17 x | 1.12 x | 1.12 x | 0.41 x | 1.24 x | 1.17 x |
| Nbr of stocks (in thousands) | 11,43,483 | 11,31,724 | 11,31,721 | 11,31,717 | 11,30,413 | 11,31,352 | - | - |
| Reference price 2 | 3,560 | 2,725 | 2,613 | 2,370 | 2,445 | 3,015 | 3,015 | 3,015 |
| Announcement Date | 25/04/19 | 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 30,02,043 | 29,46,639 | 17,64,584 | 19,78,967 | 24,05,538 | 27,30,118 | 28,52,121 | 29,46,256 |
| EBITDA 1 | 8,53,582 | 7,55,583 | -1,31,530 | 2,38,688 | 5,30,513 | 7,37,333 | 7,75,964 | 8,06,340 |
| EBIT 1 | 4,84,860 | 3,80,841 | -5,20,358 | -1,53,938 | 1,40,628 | 3,45,161 | 3,50,668 | 3,78,922 |
| Operating Margin | 16.15% | 12.92% | -29.49% | -7.78% | 5.85% | 12.64% | 12.3% | 12.86% |
| Earnings before Tax (EBT) 1 | 4,28,619 | 2,84,174 | -7,03,591 | -1,80,502 | 1,28,375 | 2,74,072 | 2,98,208 | 3,21,356 |
| Net income 1 | 2,95,216 | 1,98,428 | -5,77,900 | -94,948 | 99,232 | 1,96,449 | 2,04,272 | 2,21,026 |
| Net margin | 9.83% | 6.73% | -32.75% | -4.8% | 4.13% | 7.2% | 7.16% | 7.5% |
| EPS 2 | 257.8 | 175.0 | -510.6 | -83.90 | 87.79 | 173.8 | 181.2 | 189.3 |
| Free Cash Flow 1 | 69,376 | -1,52,909 | -9,03,637 | -3,35,852 | 16,244 | -46,223 | -1,27,656 | -80,676 |
| FCF margin | 2.31% | -5.19% | -51.21% | -16.97% | 0.68% | -1.69% | -4.48% | -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 | 140.0 | 51.60 | 55.11 |
| Announcement Date | 25/04/19 | 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 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 15,18,893 | 14,27,746 | 7,87,297 | 9,77,287 | 4,44,442 | 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 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 2,96,568 | 84,273 | -2,95,288 | -2,25,070 | -60,636 | -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 |
| 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% | 6.4% | 10.72% |
| Earnings before Tax (EBT) | 2,71,466 | - | -3,59,232 | - | -71,388 | -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 | - | - |
| Net income 1 | 1,88,534 | - | -2,64,379 | - | -68,251 | -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 | - |
| 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% | 1.54% | - |
| 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 | 29.65 | - |
| Dividend per Share | 27.50 | - | 16.67 | - | 16.67 | 16.67 | - | 16.67 | - | 16.67 | 16.67 | - | - | - | - | 18.33 | - | - | - |
| Announcement Date | 28/10/19 | 28/04/20 | 28/10/20 | 28/04/21 | 28/10/21 | 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 Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 25,73,412 | 31,58,500 | 34,14,233 | 38,83,570 | 42,44,626 | 47,18,472 | 47,96,364 | 48,68,203 |
| 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 | -1,52,909 | -9,03,637 | -3,35,852 | 16,244 | -46,223 | -1,27,656 | -80,676 |
| ROE (net income / shareholders' equity) | 10% | 6.4% | -20.3% | -3.9% | 4.1% | 7.6% | 7.62% | 7.6% |
| ROA (Net income/ Total Assets) | 5.9% | 4.02% | -6.64% | -1.99% | 1.2% | 3.1% | 3.2% | 2.39% |
| Assets 1 | 50,03,661 | 49,37,469 | 86,98,178 | 47,62,664 | 82,50,701 | 63,32,387 | 63,83,512 | 92,54,126 |
| Book Value Per Share 2 | 2,682 | 2,780 | 2,240 | 2,116 | 2,189 | 7,207 | 2,429 | 2,572 |
| Cash Flow per Share 2 | 587.0 | 514.0 | -157.0 | 273.0 | 442.0 | 1,592 | 571.0 | 600.0 |
| Capex 1 | 6,49,037 | 7,03,908 | 7,13,669 | 5,43,698 | 5,78,178 | 7,34,326 | 7,95,375 | 7,64,125 |
| Capex / Sales | 21.62% | 23.89% | 40.44% | 27.47% | 24.04% | 26.9% | 27.89% | 25.94% |
| Announcement Date | 25/04/19 | 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
B
Sell
Buy
Mean consensus
HOLD
Number of Analysts
10
Last Close Price
3,015
JPY
Average target price
2,908
JPY
Spread / Average Target
-3.56%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +11.27% | 22.18B | |
| -2.12% | 5.21B | |
| +9.37% | 3.47B | |
| +37.50% | 2.93B | |
| -14.70% | 463M | |
| -15.97% | 134M | |
| +54.31% | 98.2M | |
| -24.44% | 78.11M |
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- Financials East Japan Railway Company
