WEST JAPAN RAILWAY COMPANY Financials West Japan Railway Company Mexican S.E.
Equities
9021 N
JP3659000008
Passenger Transportation, Ground & Sea
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 351.1 MXN | -10.58% |
|
-.--% | -.--% |
| 06-20 | West Japan Railway to Dispose 160 Million Yen Worth of Shares as Restricted Compensation | MT |
| 06-06 | West Japan Railway Buys Back Shares for 16.8 Billion Yen in May | MT |
Valuation
| Fiscal Period: März | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,414,150 | 1,173,042 | 1,241,552 | 1,329,793 | 1,529,036 | 1,425,116 | - | - |
| Enterprise Value (EV) 1 | 2,437,616 | 2,541,706 | 2,560,856 | 2,614,165 | 2,869,283 | 2,847,837 | 2,926,517 | 2,999,378 |
| P/E ratio | 15.8 x | -5.03 x | -9.87 x | 15 x | 7.74 x | 13.8 x | 12.7 x | 12.1 x |
| Yield | 2.47% | 1.63% | 1.96% | 2.29% | 2.26% | 2.53% | 2.71% | 2.84% |
| Capitalization / Revenue | 0.94 x | 1.31 x | 1.2 x | 0.95 x | 0.94 x | 0.82 x | 0.79 x | 0.77 x |
| EV / Revenue | 1.62 x | 2.83 x | 2.48 x | 1.87 x | 1.75 x | 1.64 x | 1.62 x | 1.63 x |
| EV / EBITDA | 7.36 x | -35.3 x | 61.3 x | 10.7 x | 8.36 x | 8.21 x | 7.95 x | 7.9 x |
| EV / FCF | -63.2 x | -7.34 x | -9.31 x | 44.3 x | - | -152 x | -161 x | -134 x |
| FCF Yield | -1.58% | -13.6% | -10.7% | 2.26% | - | -0.66% | -0.62% | -0.75% |
| Price to Book | 1.26 x | 1.38 x | 1.28 x | 1.29 x | 0.69 x | 1.25 x | 1.17 x | 1.11 x |
| Nbr of stocks (in thousands) | 382,409 | 382,410 | 487,744 | 487,371 | 487,420 | 482,109 | - | - |
| Reference price 2 | 3,698 | 3,068 | 2,546 | 2,728 | 3,137 | 2,956 | 2,956 | 2,956 |
| Announcement Date | 30/04/20 | 30/04/21 | 28/04/22 | 28/04/23 | 30/04/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,508,201 | 898,172 | 1,031,103 | 1,395,531 | 1,635,023 | 1,734,786 | 1,801,187 | 1,840,250 |
| EBITDA 1 | 331,076 | -72,076 | 41,777 | 243,625 | 343,070 | 347,054 | 368,011 | 379,860 |
| EBIT 1 | 160,628 | -245,544 | -119,091 | 83,970 | 179,748 | 175,212 | 186,482 | 192,333 |
| Operating Margin | 10.65% | -27.34% | -11.55% | 6.02% | 10.99% | 10.1% | 10.35% | 10.45% |
| Earnings before Tax (EBT) 1 | 140,662 | -274,740 | -105,573 | 72,873 | 145,182 | 156,416 | 169,013 | 169,975 |
| Net income 1 | 89,380 | -233,214 | -113,198 | 88,528 | 98,761 | 102,987 | 110,876 | 113,350 |
| Net margin | 5.93% | -25.97% | -10.98% | 6.34% | 6.04% | 5.94% | 6.16% | 6.16% |
| EPS 2 | 233.4 | -609.9 | -258.0 | 181.6 | 405.2 | 214.3 | 232.4 | 244.2 |
| Free Cash Flow 1 | -38,555 | -346,455 | -275,179 | 59,062 | - | -18,750 | -18,174 | -22,450 |
| FCF margin | -2.56% | -38.57% | -26.69% | 4.23% | - | -1.08% | -1.01% | -1.22% |
| FCF Conversion (EBITDA) | - | - | - | 24.24% | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | 66.72% | - | - | - | - |
| Dividend per Share 2 | 91.25 | 50.00 | 50.00 | 62.50 | 71.00 | 74.78 | 80.00 | 84.00 |
| Announcement Date | 30/04/20 | 30/04/21 | 28/04/22 | 28/04/23 | 30/04/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: März | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 746,166 | 389,971 | 508,201 | 436,834 | 293,156 | 301,113 | 297,144 | 319,561 | 616,705 | 358,140 | 420,686 | - | 369,270 | 400,632 | 769,902 | 424,420 | 440,701 | 390,167 | 417,167 | - | 437,300 | 498,033 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 31,755 | -144,731 | -100,813 | -86,100 | 6,636 | -39,627 | 19,535 | 14,319 | 33,854 | 36,141 | 13,975 | - | 52,210 | 54,082 | 106,292 | 66,154 | 7,302 | 53,533 | 54,067 | 106,000 | 60,367 | 10,067 |
| Operating Margin | 4.26% | -37.11% | -19.84% | -19.71% | 2.26% | -13.16% | 6.57% | 4.48% | 5.49% | 10.09% | 3.32% | - | 14.14% | 13.5% | 13.81% | 15.59% | 1.66% | 13.72% | 12.96% | - | 13.8% | 2.02% |
| Earnings before Tax (EBT) | - | -163,360 | - | -79,941 | 19,825 | -45,457 | 21,239 | 11,671 | 32,910 | 31,451 | 8,512 | - | 48,478 | 49,680 | 98,158 | 62,714 | - | - | - | - | - | - |
| Net income 1 | - | -128,115 | - | -68,634 | 14,613 | -59,177 | 57,872 | 6,645 | 64,517 | 22,855 | 1,156 | - | 33,313 | 33,830 | 67,143 | 42,745 | -11,127 | 32,500 | 33,000 | 65,500 | 42,000 | -3,000 |
| Net margin | - | -32.85% | - | -15.71% | 4.98% | -19.65% | 19.48% | 2.08% | 10.46% | 6.38% | 0.27% | - | 9.02% | 8.44% | 8.72% | 10.07% | -2.52% | 8.33% | 7.91% | - | 9.6% | -0.6% |
| EPS | - | -335.0 | - | -176.0 | 48.20 | -130.2 | 118.7 | 13.66 | 132.4 | 46.90 | 2.380 | - | 68.36 | 69.40 | 137.8 | 87.70 | - | - | - | - | - | - |
| Dividend per Share | - | 25.00 | - | 25.00 | - | 25.00 | - | 25.00 | 25.00 | - | - | 37.50 | - | - | 28.75 | - | - | - | - | - | - | - |
| Announcement Date | 30/04/20 | 30/10/20 | 30/04/21 | 02/11/21 | 31/01/22 | 28/04/22 | 02/08/22 | 01/11/22 | 01/11/22 | 31/01/23 | 28/04/23 | 28/04/23 | 01/08/23 | 31/10/23 | 31/10/23 | 31/01/24 | 30/04/24 | - | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,023,466 | 1,368,664 | 1,319,304 | 1,284,372 | 1,340,247 | 1,422,721 | 1,501,401 | 1,574,262 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.091 x | -18.99 x | 31.58 x | 5.272 x | 3.907 x | 4.099 x | 4.08 x | 4.144 x |
| Free Cash Flow 1 | -38,555 | -346,455 | -275,179 | 59,062 | - | -18,750 | -18,174 | -22,450 |
| ROE (net income / shareholders' equity) | 8.1% | -23.7% | -12.4% | 8.8% | 9.2% | 9.2% | 9.48% | 9.38% |
| ROA (Net income/ Total Assets) | 4.56% | -7.62% | -3.37% | 1.98% | 4.46% | 2.98% | 3.18% | 3.33% |
| Assets 1 | 1,961,938 | 3,060,403 | 3,358,094 | 4,472,105 | 2,216,589 | 3,455,954 | 3,486,667 | 3,409,023 |
| Book Value Per Share 2 | 2,924 | 2,230 | 1,987 | 2,123 | 4,538 | 2,371 | 2,524 | 2,659 |
| Cash Flow per Share 2 | 679.0 | -156.0 | 109.0 | 509.0 | 538.0 | 595.0 | 637.0 | 674.0 |
| Capex 1 | 278,707 | 243,160 | 238,473 | 235,617 | 267,437 | 308,000 | 315,750 | 296,333 |
| Capex / Sales | 18.48% | 27.07% | 23.13% | 16.88% | 16.36% | 17.75% | 17.53% | 16.1% |
| Announcement Date | 30/04/20 | 30/04/21 | 28/04/22 | 28/04/23 | 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
9
Last Close Price
2,956
JPY
Average target price
3,428
JPY
Spread / Average Target
+15.98%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -4.58% | 21.13B | |
| +11.60% | 9.54B | |
| +3.28% | 6.73B | |
| -5.41% | 6.33B | |
| -21.68% | 5.34B | |
| +12.14% | 4.16B | |
| -21.85% | 4.11B | |
| -27.50% | 3.54B | |
| -28.60% | 3.51B |
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- Financials West Japan Railway Company
