KYUSHU RAILWAY COMPANY |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,436 JPY | -0.58% |
|
-0.64% | +10.59% |
| Apr. 16 | Will Smart Co.,LTD. has completed an IPO in the amount of ¥1.112832 billion. | CI |
| Mar. 13 | Will Smart Co.,LTD. has filed an IPO. | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 582,400 | 487,058 | 404,419 | 393,895 | 463,347 | 539,881 | - | - |
| Enterprise Value (EV) 1 | 653,469 | 615,272 | 601,860 | 649,929 | 773,107 | 876,244 | 897,178 | 903,905 |
| P/E ratio | 11.8 x | 15.6 x | -21.3 x | 29.7 x | 14.9 x | 13 x | 12.5 x | 12.2 x |
| Yield | 2.55% | 3% | 3.61% | 3.71% | 3.15% | 2.71% | 2.79% | 2.84% |
| Capitalization / Revenue | 1.32 x | 1.13 x | 1.38 x | 1.2 x | 1.21 x | 1.28 x | 1.22 x | 1.19 x |
| EV / Revenue | 1.48 x | 1.42 x | 2.05 x | 1.97 x | 2.02 x | 2.07 x | 2.03 x | 1.99 x |
| EV / EBITDA | 7.65 x | 8.19 x | 130 x | 21.1 x | 11.7 x | 10.7 x | 9.63 x | 9.21 x |
| EV / FCF | -11.5 x | -17.4 x | -8.42 x | -16.6 x | -21.8 x | -13.8 x | -37.4 x | -45.1 x |
| FCF Yield | -8.72% | -5.74% | -11.9% | -6.04% | -4.59% | -7.25% | -2.68% | -2.22% |
| Price to Book | 1.4 x | 1.18 x | 1.04 x | 1.01 x | 1.14 x | 1.24 x | 1.17 x | 1.1 x |
| Nbr of stocks (in thousands) | 160,000 | 157,116 | 157,117 | 157,118 | 157,120 | 157,125 | - | - |
| Reference price 2 | 3,640 | 3,100 | 2,574 | 2,507 | 2,949 | 3,436 | 3,436 | 3,436 |
| Announcement Date | 5/13/19 | 5/11/20 | 5/12/21 | 5/10/22 | 5/11/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 440,358 | 432,644 | 293,914 | 329,527 | 383,242 | 423,006 | 440,907 | 454,860 |
| EBITDA 1 | 85,400 | 75,090 | 4,639 | 30,770 | 66,159 | 81,688 | 93,199 | 98,114 |
| EBIT 1 | 63,885 | 49,406 | -22,873 | 3,944 | 34,323 | 49,787 | 58,742 | 61,700 |
| Operating Margin | 14.51% | 11.42% | -7.78% | 1.2% | 8.96% | 11.77% | 13.32% | 13.56% |
| Earnings before Tax (EBT) 1 | 64,438 | 43,091 | -22,265 | 6,633 | 40,298 | 56,460 | 57,800 | 59,700 |
| Net income 1 | 49,240 | 31,495 | -18,984 | 13,250 | 31,166 | 41,415 | 43,026 | 44,206 |
| Net margin | 11.18% | 7.28% | -6.46% | 4.02% | 8.13% | 9.79% | 9.76% | 9.72% |
| EPS 2 | 307.8 | 198.2 | -120.8 | 84.34 | 198.4 | 263.6 | 273.9 | 281.4 |
| Free Cash Flow 1 | -57,014 | -35,313 | -71,504 | -39,269 | -35,497 | -63,500 | -24,012 | -20,057 |
| FCF margin | -12.95% | -8.16% | -24.33% | -11.92% | -9.26% | -15.01% | -5.45% | -4.41% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 93.00 | 93.00 | 93.00 | 93.00 | 93.00 | 93.00 | 95.80 | 97.72 |
| Announcement Date | 5/13/19 | 5/11/20 | 5/12/21 | 5/10/22 | 5/11/23 | - | - | - |
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 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 212,861 | 219,783 | 124,552 | 169,362 | 69,524 | 141,621 | 81,000 | 106,815 | 90,476 | 79,719 | 170,195 | 91,085 | 121,962 | 97,900 | 92,812 | 190,732 | 102,168 | 132,229 | 107,100 | 98,600 | 103,500 | 124,800 |
| EBITDA 1 | - | 32,800 | -7,302 | 11,941 | 3,759 | - | 13,800 | - | - | - | - | - | - | 21,100 | 22,339 | - | 23,661 | 18,100 | 22,800 | 25,300 | 23,600 | 19,900 |
| EBIT 1 | 30,217 | 19,189 | -20,571 | -2,302 | -2,739 | -4,072 | 6,800 | 1,160 | 7,883 | 3,300 | 11,183 | 11,329 | 11,811 | 13,400 | 13,328 | 26,816 | 16,284 | 8,447 | 14,800 | 17,200 | 15,400 | 9,900 |
| Operating Margin | 14.2% | 8.73% | -16.52% | -1.36% | -3.94% | -2.88% | 8.4% | 1.09% | 8.71% | 4.14% | 6.57% | 12.44% | 9.68% | 13.69% | 14.36% | 14.06% | 15.94% | 6.39% | 13.82% | 17.44% | 14.88% | 7.93% |
| Earnings before Tax (EBT) | 30,152 | - | -16,593 | - | - | -2,009 | 8,010 | 632 | 8,328 | - | 13,806 | 12,447 | - | 22,154 | - | 34,598 | 16,949 | - | - | - | - | - |
| Net income 1 | 23,025 | - | -10,248 | - | -2,952 | -2,025 | 11,225 | 4,036 | 6,915 | 5,087 | 12,002 | 9,531 | 9,633 | 17,700 | 10,207 | 27,989 | 12,711 | 3,775 | - | - | - | - |
| Net margin | 10.82% | - | -8.23% | - | -4.25% | -1.43% | 13.86% | 3.78% | 7.64% | 6.38% | 7.05% | 10.46% | 7.9% | 18.08% | 11% | 14.67% | 12.44% | 2.85% | - | - | - | - |
| EPS | 144.0 | - | -65.23 | - | -18.79 | -12.89 | 71.54 | 25.69 | 44.01 | 32.38 | 76.39 | 60.66 | 61.31 | 113.2 | 64.96 | 178.1 | 81.05 | - | - | - | - | - |
| Dividend per Share | 46.50 | - | - | - | - | - | - | 93.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/5/19 | 5/11/20 | 11/4/20 | 5/12/21 | 11/2/21 | 11/2/21 | 2/8/22 | 5/10/22 | 8/2/22 | 11/1/22 | 11/1/22 | 2/7/23 | 5/11/23 | 8/8/23 | 11/7/23 | 11/7/23 | 2/6/24 | - | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 71,069 | 128,214 | 197,441 | 256,034 | 309,760 | 336,363 | 357,296 | 364,024 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.8322 x | 1.707 x | 42.56 x | 8.321 x | 4.682 x | 4.118 x | 3.834 x | 3.71 x |
| Free Cash Flow 1 | -57,014 | -35,313 | -71,504 | -39,269 | -35,497 | -63,500 | -24,012 | -20,057 |
| ROE (net income / shareholders' equity) | 12.4% | 7.6% | -4.7% | 3.4% | 7.8% | 10.3% | 9.69% | 9.11% |
| ROA (Net income/ Total Assets) | 8.58% | 6.21% | -2.25% | 1% | 3.66% | 4.39% | 4.22% | 4.13% |
| Assets 1 | 573,904 | 507,173 | 844,897 | 1,322,105 | 850,596 | 943,939 | 1,019,876 | 1,070,108 |
| Book Value Per Share 2 | 2,593 | 2,631 | 2,483 | 2,472 | 2,584 | 2,769 | 2,945 | 3,124 |
| Cash Flow per Share 2 | 445.0 | 366.0 | 66.20 | 269.0 | 401.0 | 506.0 | 509.0 | 522.0 |
| Capex 1 | 98,487 | 95,781 | 61,143 | 106,306 | 103,513 | 109,609 | 93,862 | 91,028 |
| Capex / Sales | 22.37% | 22.14% | 20.8% | 32.26% | 27.01% | 25.91% | 21.29% | 20.01% |
| Announcement Date | 5/13/19 | 5/11/20 | 5/12/21 | 5/10/22 | 5/11/23 | - | - | - |
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
B
Sell
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
3,436
JPY
Average target price
3,667
JPY
Spread / Average Target
+6.71%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +10.59% | 3.43B | |
| -2.44% | 5.17B | |
| +32.24% | 2.86B | |
| -15.43% | 459M | |
| -17.31% | 133M | |
| +41.93% | 88.25M | |
| -24.44% | 77.94M |
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