CENTRAL JAPAN RAILWAY COMPANY Financials Central Japan Railway Company OTC Markets
Equities
CJPRF
JP3566800003
Passenger Transportation, Ground & Sea
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 20.08 USD | -5.77% |
|
-5.77% | -20.98% |
| 04-11 | US, Japan signal support for Texas high-speed rail plan | RE |
| 03-28 | Beijing Outlook, Ex-Dividend Dates Roil Asian Stock Markets | MT |
Valuation
| Fiscal Period: Maart | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,400,017 | 3,255,566 | 3,141,898 | 3,111,395 | 3,666,366 | 3,417,415 | - | - |
| Enterprise Value (EV) 1 | 6,986,880 | 7,349,320 | 7,256,158 | 7,229,531 | 7,581,985 | 7,328,914 | 7,119,778 | 7,146,415 |
| P/E ratio | 8.54 x | -16.1 x | -60.5 x | 14.2 x | 9.54 x | 8.96 x | 8.69 x | 8.54 x |
| Yield | 0.87% | 0.79% | 0.81% | 0.85% | 0.78% | 0.86% | 0.91% | 0.92% |
| Capitalization / Revenue | 1.84 x | 3.95 x | 3.36 x | 2.22 x | 2.14 x | 1.94 x | 1.9 x | 1.87 x |
| EV / Revenue | 3.79 x | 8.92 x | 7.76 x | 5.16 x | 4.43 x | 4.16 x | 3.96 x | 3.91 x |
| EV / EBITDA | 8.02 x | 503 x | 34.8 x | 12.4 x | 9.2 x | 8.7 x | 8.29 x | 8.29 x |
| EV / FCF | 53.1 x | -11 x | -89.2 x | 23.2 x | 32.1 x | 24.4 x | 22 x | 219 x |
| FCF Yield | 1.88% | -9.07% | -1.12% | 4.32% | 3.12% | 4.1% | 4.55% | 0.46% |
| Price to Book | 0.89 x | 0.89 x | 0.88 x | 0.83 x | 0.88 x | 0.75 x | 0.7 x | 0.65 x |
| Nbr of stocks (in thousands) | 981,529 | 983,555 | 983,996 | 983,996 | 983,995 | 983,995 | - | - |
| Reference price 2 | 3,464 | 3,310 | 3,193 | 3,162 | 3,726 | 3,473 | 3,473 | 3,473 |
| Announcement Date | 27/04/20 | 27/04/21 | 26/04/22 | 26/04/23 | 30/04/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Maart | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,844,647 | 823,517 | 935,139 | 1,400,285 | 1,710,407 | 1,763,386 | 1,797,928 | 1,829,471 |
| EBITDA 1 | 870,680 | 14,611 | 208,747 | 581,542 | 823,787 | 841,970 | 858,951 | 861,844 |
| EBIT 1 | 656,163 | -184,751 | 1,708 | 374,503 | 607,381 | 619,772 | 638,651 | 652,580 |
| Operating Margin | 35.57% | -22.43% | 0.18% | 26.74% | 35.51% | 35.15% | 35.52% | 35.67% |
| Earnings before Tax (EBT) 1 | 573,436 | -268,576 | -66,745 | 306,132 | 545,328 | 553,034 | 569,294 | 580,952 |
| Net income 1 | 397,881 | -201,554 | -51,928 | 219,417 | 384,411 | 384,876 | 394,806 | 402,917 |
| Net margin | 21.57% | -24.47% | -5.55% | 15.67% | 22.47% | 21.83% | 21.96% | 22.02% |
| EPS 2 | 405.6 | -205.1 | -52.77 | 223.0 | 390.7 | 387.7 | 399.8 | 406.8 |
| Free Cash Flow 1 | 131,502 | -666,800 | -81,303 | 312,000 | 236,322 | 300,768 | 323,622 | 32,558 |
| FCF margin | 7.13% | -80.97% | -8.69% | 22.28% | 13.82% | 17.06% | 18% | 1.78% |
| FCF Conversion (EBITDA) | 15.1% | - | - | 53.65% | 28.69% | 35.72% | 37.68% | 3.78% |
| FCF Conversion (Net income) | 33.05% | - | - | 142.19% | 61.48% | 78.15% | 81.97% | 8.08% |
| Dividend per Share 2 | 30.00 | 26.00 | 26.00 | 27.00 | 29.00 | 29.78 | 31.70 | 31.83 |
| Announcement Date | 27/04/20 | 27/04/21 | 26/04/22 | 26/04/23 | 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 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 889,036 | 337,888 | 485,629 | 386,949 | 299,440 | 248,750 | 309,342 | 324,797 | 634,139 | 385,012 | 381,134 | 395,091 | 422,454 | 817,545 | 455,472 | 437,390 | 419,478 | 440,838 | 860,000 | 460,422 | 443,388 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 249,290 | -113,573 | -71,178 | -34,103 | 71,276 | -35,465 | 83,540 | 88,386 | 171,926 | 134,443 | 68,134 | 146,518 | 165,574 | 312,092 | 190,505 | 104,784 | 164,661 | 177,827 | 339,000 | 186,927 | 92,654 |
| Operating Margin | 28.04% | -33.61% | -14.66% | -8.81% | 23.8% | -14.26% | 27.01% | 27.21% | 27.11% | 34.92% | 17.88% | 37.08% | 39.19% | 38.17% | 41.83% | 23.96% | 39.25% | 40.34% | 39.42% | 40.6% | 20.9% |
| Earnings before Tax (EBT) 1 | - | -155,606 | - | -65,182 | 52,820 | -54,383 | 66,629 | 69,326 | 135,955 | 118,117 | 52,061 | 129,236 | 148,752 | 277,988 | 176,206 | 91,134 | 144,000 | 161,000 | 305,000 | 175,000 | 82,000 |
| Net income 1 | - | -113,566 | - | -44,455 | 32,129 | -39,602 | 47,001 | 49,948 | 96,949 | 83,711 | 38,757 | 90,549 | 104,530 | 195,079 | 123,691 | 65,641 | 100,500 | 112,500 | 213,000 | 122,000 | 55,000 |
| Net margin | - | -33.61% | - | -11.49% | 10.73% | -15.92% | 15.19% | 15.38% | 15.29% | 21.74% | 10.17% | 22.92% | 24.74% | 23.86% | 27.16% | 15.01% | 23.96% | 25.52% | 24.77% | 26.5% | 12.4% |
| EPS 2 | - | -115.6 | - | -45.18 | 32.65 | -40.25 | 47.77 | 50.76 | 98.53 | 85.07 | 39.39 | 92.02 | 106.2 | 198.2 | 125.7 | 66.70 | 113.2 | 159.6 | - | 64.17 | 57.48 |
| Dividend per Share | - | 13.00 | - | 13.00 | - | 13.00 | - | 13.00 | 13.00 | - | - | - | - | 14.00 | - | - | - | - | - | - | - |
| Announcement Date | 27/04/20 | 28/10/20 | 27/04/21 | 27/10/21 | 31/01/22 | 26/04/22 | 27/07/22 | 31/10/22 | 31/10/22 | 30/01/23 | 26/04/23 | 28/07/23 | 30/10/23 | 30/10/23 | 30/01/24 | 30/04/24 | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,586,863 | 4,093,754 | 4,114,260 | 4,118,136 | 3,915,619 | 3,911,499 | 3,702,363 | 3,729,000 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.12 x | 280.2 x | 19.71 x | 7.081 x | 4.753 x | 4.646 x | 4.31 x | 4.327 x |
| Free Cash Flow 1 | 131,502 | -666,800 | -81,303 | 312,000 | 236,322 | 300,768 | 323,622 | 32,558 |
| ROE (net income / shareholders' equity) | 10.9% | -5.4% | -1.4% | 6% | 9.7% | 8.97% | 8.5% | 8.16% |
| ROA (Net income/ Total Assets) | 6.08% | -2.73% | -0.71% | 3.24% | 5.62% | 3.84% | 3.94% | 4.03% |
| Assets 1 | 6,546,874 | 7,384,716 | 7,349,827 | 6,766,553 | 6,837,255 | 10,022,808 | 10,020,450 | 9,989,690 |
| Book Value Per Share 2 | 3,903 | 3,702 | 3,622 | 3,820 | 4,237 | 4,604 | 4,966 | 5,366 |
| Cash Flow per Share 2 | 624.0 | -2.230 | 158.0 | 446.0 | 611.0 | 637.0 | 658.0 | 678.0 |
| Capex 1 | 463,725 | 497,446 | 500,917 | 462,650 | 437,212 | 474,100 | 642,075 | 817,433 |
| Capex / Sales | 25.14% | 60.41% | 53.57% | 33.04% | 25.56% | 26.89% | 35.71% | 44.68% |
| Announcement Date | 27/04/20 | 27/04/21 | 26/04/22 | 26/04/23 | 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
11
Last Close Price
3,473
JPY
Average target price
3,982
JPY
Spread / Average Target
+14.65%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +12.03% | 9.49B | |
| +0.32% | 8.98B | |
| +1.37% | 6.6B | |
| -5.28% | 6.38B | |
| -23.00% | 5.23B | |
| +12.65% | 4.15B | |
| -22.61% | 4.14B | |
| -28.61% | 3.51B | |
| -29.14% | 3.48B |
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