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Central Japan Railway Co 9022

Morningstar Rating
JPY 3,284.00 −9.00 (0.27%)
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Company Report

JR Central's Earnings Are Recovering Strongly but Returns To Be Diluted by Chuo Shinkansen

Central Japan Railway Company, or JR Central, is the main railway operator in Nagoya and the Chubu region in central Japan. It serves far fewer passengers than JR East but what JR Central lacks in scale, it makes up for with quality, owning Japan's premier high-speed rail line—the Tokaido Shinkansen. The Tokaido Shinkansen dominates passenger transport along its route, which spans Japan's most wealthy and populous area and links Tokyo, Yokohama, Nagoya, Kyoto, and Osaka. Competition is minimal given the Shinkansen's unbeatable departure frequency, convenience, travel times, safety, and reliability.

Price vs Fair Value

9022 is trading at a 467% premium.
Price
JPY 3,293.00
Fair Value
JPY 7,229.00
Uncertainty
Medium
1-Star Price
JPY 4,219.00
5-Star Price
JPY 9,529.00
Economic Moat
Cbbcfw
Capital Allocation
Xdbwnys

Bulls Say, Bears Say

Bulls

JR Central owns Japan's premier Shinkansen, which faces little competition from competing modes of transportation.

Bears

The Chuo Shinkansen project is huge and complex. Further construction cost overruns are possible.

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Trading Information

Previous Close Price
JPY 3,293.00
Day Range
JPY 3,272.003,312.00
52-Week Range
JPY 3,235.004,027.00
Bid/Ask
JPY 3,276.00 / JPY 3,284.00
Market Cap
JPY 3.23 Tril
Volume/Avg
2.2 Mil / 2.8 Mil

Key Statistics

Price/Earnings (Normalized)
9.27
Price/Sales
1.89
Dividend Yield (Trailing)
0.88%
Dividend Yield (Forward)
0.91%
Total Yield
0.88%

Company Profile

Central Japan Railway Company, or JR Central, is the main railway operator in Nagoya and the Chubu region in central Japan. It was originally established when the government-owned nationwide railway operator underwent a six-way territorial split in 1987. Its main asset is the Tokaido Shinkansen, which spans Japan's most wealthy and populous area and links Tokyo, Yokohama, Nagoya, Kyoto, and Osaka. It contributes three-fourths of revenue, with most of the balance from merchandise, conventional train lines, and real estate.
Sector
Industrials
Industry
Railroads
Stock Style Box
Large Core
Total Number of Employees
37,076

Competitors

Valuation

Metric
9022
9142
9021
Price/Earnings (Normalized)
9.278.366.03
Price/Book Value
0.781.201.27
Price/Sales
1.891.260.86
Price/Cash Flow
4.695.884.73
Price/Earnings
9022
9142
9021

Financial Strength

Metric
9022
9142
9021
Quick Ratio
1.500.540.62
Current Ratio
3.971.041.04
Interest Coverage
7.3733.369.36
Quick Ratio
9022
9142
9021

Profitability

Metric
9022
9142
9021
Return on Assets (Normalized)
5.33%5.68%4.76%
Return on Equity (Normalized)
13.13%13.70%16.44%
Return on Invested Capital (Normalized)
6.70%7.42%6.94%
Return on Assets
9022
9142
9021
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1-Day Chart
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Capital Allocation
Economic Moat
Market Cap
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Central Japan Railway Co
CJPRF
Nwjnj$20.5 Bil
Central Japan Railway Co ADR
CJPRY
Mscfzq$20.5 Bil
MTR Corp Ltd ADR
MTCPY
Ftqnfj$19.7 Bil
MTR Corp Ltd
MTRJF
Zfnhfy$19.7 Bil

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