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East Japan Railway Co 9020

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Stock XTKS Rating as of
¥‎2,905.50 +41.50 (1.45%)
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As of Delayed Price Closed

Company Report

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Solid Recovery but JR East's Longer-Term Outlook Dimmed by Aging Population

Adrian Atkins

East Japan Railway Company, or JR East, is Japan’s largest railway network operator. It runs both long distance bullet trains, known as Shinkansen, and shorter municipal train routes around and from Tokyo. More than 40% of revenue is from conventional train services within the Greater Tokyo Area, where it served about 17 million passengers per day prior to the pandemic. About 20% of revenue is from Shinkansen connecting Tokyo with regional cities and popular tourist destinations, and most of the balance is from retail operations and real estate investments.

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Price vs Fair Value

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9020 is trading at a 363% premium.
Price
¥‎2,905.50
Fair Value
¥‎6,996.00
Uncertainty
Medium
1-Star Price
¥‎2,858.00
5-Star Price
¥‎7,575.00
Economic Moat
Tlzpy
Capital Allocation
Bmlxsbxt

Bulls Say, Bears Say

Bulls

JR East generates solid returns from railway services, with an added boost from retail and property development in and around the stations.

Bears

Returns are at risk from Japan's aging demographics and shrinking population, a key earnings headwind.

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Trading Information

Previous Close Price
¥‎2,864.00
Day Range
¥‎2,876.50–2,906.00
52-Week Range
¥‎2,353.00–3,108.33
Bid/Ask
¥‎2,902.50 / ¥‎2,906.00
Market Cap
¥‎3.29 Tril
Volume/Avg
2.3 Mil / 3.2 Mil

Key Statistics

Price/Earnings (Normalized)
15.69
Price/Sales
1.18
Dividend Yield (Trailing)
1.87%
Dividend Yield (Forward)
1.79%
Total Yield
1.87%

Company Profile

East Japan Railway Company, or JR East, is the largest railway operator in Japan. It was originally established when the government-owned nationwide railway operator underwent a six-way territorial split in 1987, though it wasn't fully privatized until 2002. It runs both long distance bullet trains, known as Shinkansen, and shorter municipal train routes around and from Tokyo. Its 7,400 kilometers of rail track covers half of Japan's population and a third of the country's land area. Two thirds of revenue is from transportation, with most of the rest from retail operations and real estate investments.
Sector
Industrials
Industry
Railroads
Stock Style Box
Large Core
Total Number of Employees
92,073
Website
http://www.jreast.co.jp

Competitors

Valuation

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Metric
9020
9142
9022
Price/Earnings (Normalized)
 15.6917.008.61
Price/Book Value
 1.211.490.78
Price/Sales
 1.181.571.86
Price/Cash Flow
 4.607.334.72
Price/Earnings
9020
9142
9022

Financial Strength

Metric
9020
9142
9022
Quick Ratio
 0.610.561.42
Current Ratio
 0.740.993.49
Interest Coverage
 4.9222.977.85
Quick Ratio
9020
9142
9022

Profitability

Metric
9020
9142
9022
Return on Assets (Normalized)
 3.12%4.77%5.67%
Return on Equity (Normalized)
 11.45%11.52%13.81%
Return on Invested Capital (Normalized)
 4.80%6.28%7.11%
Return on Assets
9020
9142
9022

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—Kztzvs$22.4 Bil
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—Slgytdf$22.4 Bil

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