ODAKYU ELECTRIC RAILWAY CO., LTD. Financials Odakyu Electric Railway Co., Ltd.
Equities
9007
JP3196000008
Passenger Transportation, Ground & Sea
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,774 JPY | 0.00% |
|
+1.00% | -17.50% |
| 02/04 | China Factory Outlook Lifts Asian Stock Markets | MT |
| 02/04 | Odakyu Group to Switch Fully to Renewable Energy for Operations of Odakyu Line, Hakone Tozan Railway, and Others | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,66,621 | 8,61,424 | 10,98,592 | 7,39,806 | 6,25,013 | 6,34,958 | - | - |
| Enterprise Value (EV) 1 | 15,55,427 | 14,77,599 | 17,54,538 | 14,68,489 | 12,58,624 | 11,78,039 | 11,54,202 | 11,45,667 |
| P/E ratio | 29.8 x | 43.1 x | -27.6 x | 61.1 x | 15.3 x | 8.78 x | 15.8 x | 17.8 x |
| Yield | 0.78% | 0.89% | 0.33% | 0.49% | 1.22% | 1.24% | 1.47% | 1.66% |
| Capitalization / Revenue | 1.84 x | 1.61 x | 2.85 x | 2.06 x | 1.58 x | 1.54 x | 1.52 x | 1.48 x |
| EV / Revenue | 2.95 x | 2.77 x | 4.55 x | 4.09 x | 3.19 x | 2.86 x | 2.76 x | 2.68 x |
| EV / EBITDA | 15.7 x | 16.3 x | 64.8 x | 26.5 x | 16.9 x | 12.3 x | 11.7 x | 11.4 x |
| EV / FCF | -92.5 x | -88.5 x | -49.1 x | 473 x | 44.6 x | 11.1 x | 28.5 x | 32.7 x |
| FCF Yield | -1.08% | -1.13% | -2.04% | 0.21% | 2.24% | 9% | 3.51% | 3.06% |
| Price to Book | 2.53 x | 2.23 x | 3.14 x | 2.13 x | 1.61 x | 1.43 x | 1.33 x | 1.27 x |
| Nbr of stocks (in thousands) | 3,60,276 | 3,63,164 | 3,63,171 | 3,63,184 | 3,63,380 | 3,57,824 | - | - |
| Reference price 2 | 2,683 | 2,372 | 3,025 | 2,037 | 1,720 | 1,774 | 1,774 | 1,774 |
| Announcement Date | 26/04/19 | 14/05/20 | 28/04/21 | 28/04/22 | 28/04/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,26,675 | 5,34,132 | 3,85,978 | 3,58,753 | 3,95,159 | 4,11,850 | 4,18,099 | 4,27,644 |
| EBITDA 1 | 98,816 | 90,731 | 27,068 | 55,515 | 74,467 | 95,425 | 98,785 | 1,00,640 |
| EBIT 1 | 52,089 | 41,103 | -24,190 | 6,152 | 26,601 | 47,800 | 50,772 | 52,090 |
| Operating Margin | 9.89% | 7.7% | -6.27% | 1.71% | 6.73% | 11.61% | 12.14% | 12.18% |
| Earnings before Tax (EBT) 1 | 45,194 | 35,998 | -41,261 | 23,227 | 58,767 | 99,600 | 59,000 | 50,300 |
| Net income 1 | 32,468 | 19,923 | -39,804 | 12,116 | 40,736 | 73,000 | 40,612 | 36,009 |
| Net margin | 6.16% | 3.73% | -10.31% | 3.38% | 10.31% | 17.72% | 9.71% | 8.42% |
| EPS 2 | 90.11 | 55.08 | -109.6 | 33.36 | 112.1 | 202.1 | 112.7 | 99.89 |
| Free Cash Flow 1 | -16,821 | -16,702 | -35,765 | 3,102 | 28,216 | 1,06,022 | 40,494 | 35,065 |
| FCF margin | -3.19% | -3.13% | -9.27% | 0.86% | 7.14% | 25.74% | 9.69% | 8.2% |
| FCF Conversion (EBITDA) | - | - | - | 5.59% | 37.89% | 111.11% | 40.99% | 34.84% |
| FCF Conversion (Net income) | - | - | - | 25.6% | 69.27% | 145.24% | 99.71% | 97.38% |
| Dividend per Share 2 | 21.00 | 21.00 | 10.00 | 10.00 | 21.00 | 22.00 | 26.00 | 29.50 |
| Announcement Date | 26/04/19 | 14/05/20 | 28/04/21 | 28/04/22 | 28/04/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 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 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,61,766 | 2,72,366 | 1,67,645 | 86,422 | 1,74,777 | 92,955 | 91,021 | 91,469 | 98,515 | 1,89,984 | 1,05,664 | 99,511 | 1,00,527 | 95,727 | 1,96,254 | 97,379 | 1,18,184 | 1,00,900 | 1,02,400 | 1,02,500 | 1,21,000 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 25,657 | 15,446 | -19,193 | -312 | 2,808 | 6,329 | -2,985 | 7,252 | 7,260 | 14,512 | 9,330 | 2,759 | 14,620 | 11,981 | 26,601 | 13,822 | 7,688 | 13,800 | 13,300 | 14,500 | 7,400 |
| Operating Margin | 9.8% | 5.67% | -11.45% | -0.36% | 1.61% | 6.81% | -3.28% | 7.93% | 7.37% | 7.64% | 8.83% | 2.77% | 14.54% | 12.52% | 13.55% | 14.19% | 6.51% | 13.68% | 12.99% | 14.15% | 6.12% |
| Earnings before Tax (EBT) | 24,712 | - | -22,886 | 2,563 | 15,278 | 11,722 | -3,773 | 8,423 | - | 15,623 | 4,620 | - | 15,099 | - | 36,692 | 7,583 | - | - | - | - | - |
| Net income | 16,598 | - | -21,280 | 645 | 7,986 | 7,999 | -3,869 | 5,593 | 4,493 | 10,086 | 881 | 29,769 | 10,855 | 15,269 | 26,124 | 4,986 | - | - | - | - | - |
| Net margin | 6.34% | - | -12.69% | 0.75% | 4.57% | 8.61% | -4.25% | 6.11% | 4.56% | 5.31% | 0.83% | 29.92% | 10.8% | 15.95% | 13.31% | 5.12% | - | - | - | - | - |
| EPS | 46.07 | - | -58.60 | 1.770 | 21.99 | 22.03 | -10.66 | 15.39 | 12.37 | 27.76 | 2.420 | 81.93 | 29.87 | 42.02 | 71.89 | 13.76 | - | - | - | - | - |
| Dividend per Share | 11.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | 11.00 | - | - | - | - | - | - |
| Announcement Date | 31/10/19 | 14/05/20 | 30/10/20 | 29/10/21 | 29/10/21 | 09/02/22 | 28/04/22 | 29/07/22 | 28/10/22 | 28/10/22 | 08/02/23 | 28/04/23 | 28/07/23 | 31/10/23 | 31/10/23 | 08/02/24 | - | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 5,88,806 | 6,16,175 | 6,55,946 | 7,28,683 | 6,33,611 | 5,43,080 | 5,19,244 | 5,10,709 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.959 x | 6.791 x | 24.23 x | 13.13 x | 8.509 x | 5.691 x | 5.256 x | 5.075 x |
| Free Cash Flow 1 | -16,821 | -16,702 | -35,765 | 3,102 | 28,216 | 1,06,022 | 40,494 | 35,065 |
| ROE (net income / shareholders' equity) | 8.7% | 5.2% | -10.8% | 3.5% | 11.1% | 17.8% | 8.81% | 7.37% |
| ROA (Net income/ Total Assets) | 3.81% | 2.9% | -2.35% | 0.36% | 1.96% | 4.68% | 3.68% | 3.27% |
| Assets 1 | 8,52,678 | 6,86,851 | 16,92,527 | 33,67,707 | 20,80,023 | 15,61,330 | 11,04,927 | 11,01,515 |
| Book Value Per Share 2 | 1,061 | 1,066 | 963.0 | 955.0 | 1,066 | 1,244 | 1,330 | 1,402 |
| Cash Flow per Share 2 | 220.0 | 192.0 | 31.50 | 169.0 | 244.0 | 341.0 | 266.0 | 230.0 |
| Capex 1 | 89,554 | 91,599 | 62,943 | 64,693 | 52,889 | 58,500 | 66,667 | 68,333 |
| Capex / Sales | 17% | 17.15% | 16.31% | 18.03% | 13.38% | 14.2% | 15.95% | 15.98% |
| Announcement Date | 26/04/19 | 14/05/20 | 28/04/21 | 28/04/22 | 28/04/23 | - | - | - |
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
C-
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
4
Last Close Price
1,774
JPY
Average target price
2,000
JPY
Spread / Average Target
+12.71%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -17.50% | 4.15B | |
| +0.98% | 23.29B | |
| +9.06% | 10.22B | |
| +15.18% | 10.1B | |
| +8.13% | 7.29B | |
| -8.58% | 6.46B | |
| -11.55% | 6.27B | |
| -11.67% | 4.91B | |
| +24.91% | 4.81B | |
| -22.74% | 3.96B |
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