Returns On Capital Signal Difficult Times Ahead For East Japan Railway (TSE:9020)
Jun 09
Japanese (NIKKEI) Transportation Industry Analysis
UpdatedJun 14, 2024
DataAggregated Company Financials
Companies49
- 7D-3.2%
- 3M-11.4%
- 1Y-5.1%
- YTD-7.6%
Over the last 7 days, the Transportation industry has dropped 1.8%, driven by a pullback from East Japan Railway of 6.9%. Overall the industry is down 4.2% in 12 months. Earnings are forecast to be flat in the coming years.
Industry Valuation and Performance
Has the Japanese Transportation Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 14 Jun 2024 | JP¥17.0t | JP¥17.0t | JP¥1.5t | 12.7x | 11.7x | 1x |
| Sun, 12 May 2024 | JP¥17.8t | JP¥16.9t | JP¥1.3t | 12.6x | 13.5x | 1.1x |
| Tue, 09 Apr 2024 | JP¥18.8t | JP¥16.7t | JP¥1.3t | 13.3x | 14.6x | 1.1x |
| Thu, 07 Mar 2024 | JP¥19.1t | JP¥16.7t | JP¥1.3t | 13x | 14.8x | 1.1x |
| Sat, 03 Feb 2024 | JP¥19.2t | JP¥16.9t | JP¥1.3t | 13.4x | 15.1x | 1.1x |
| Mon, 01 Jan 2024 | JP¥18.3t | JP¥16.6t | JP¥1.2t | 13.5x | 15.7x | 1.1x |
| Wed, 29 Nov 2023 | JP¥17.9t | JP¥16.6t | JP¥1.2t | 13.4x | 15.3x | 1.1x |
| Fri, 27 Oct 2023 | JP¥17.3t | JP¥16.3t | JP¥1.1t | 12.5x | 16.2x | 1.1x |
| Sun, 24 Sep 2023 | JP¥19.1t | JP¥16.3t | JP¥1.1t | 12.9x | 17.9x | 1.2x |
| Tue, 22 Aug 2023 | JP¥18.2t | JP¥16.3t | JP¥1.1t | 12.6x | 17x | 1.1x |
| Thu, 20 Jul 2023 | JP¥17.6t | JP¥15.7t | JP¥951.9b | 14.6x | 18.5x | 1.1x |
| Sat, 17 Jun 2023 | JP¥17.9t | JP¥15.7t | JP¥951.9b | 14.3x | 18.8x | 1.1x |
| Mon, 15 May 2023 | JP¥18.0t | JP¥15.3t | JP¥958.5b | 12.3x | 18.8x | 1.2x |
| Wed, 12 Apr 2023 | JP¥16.5t | JP¥14.8t | JP¥746.8b | 12.1x | 22.1x | 1.1x |
| Fri, 10 Mar 2023 | JP¥16.2t | JP¥14.8t | JP¥740.5b | 12.8x | 21.9x | 1.1x |
| Sun, 05 Feb 2023 | JP¥15.5t | JP¥14.4t | JP¥745.2b | 12.3x | 20.8x | 1.1x |
| Tue, 03 Jan 2023 | JP¥16.8t | JP¥16.0t | JP¥751.0b | 11.5x | 22.4x | 1x |
| Thu, 01 Dec 2022 | JP¥17.5t | JP¥16.0t | JP¥751.0b | 11.8x | 23.4x | 1.1x |
| Sat, 29 Oct 2022 | JP¥17.5t | JP¥15.1t | JP¥386.6b | 11.6x | 45.4x | 1.2x |
| Mon, 26 Sep 2022 | JP¥17.6t | JP¥15.1t | JP¥385.5b | 12.2x | 45.6x | 1.2x |
| Wed, 24 Aug 2022 | JP¥16.8t | JP¥15.1t | JP¥385.5b | 12.3x | 43.7x | 1.1x |
| Fri, 22 Jul 2022 | JP¥17.3t | JP¥17.4t | JP¥132.8b | 11.8x | 130.3x | 1x |
| Sun, 19 Jun 2022 | JP¥17.0t | JP¥17.4t | JP¥132.9b | 11x | 127.9x | 1x |
| Tue, 17 May 2022 | JP¥17.1t | JP¥17.4t | JP¥115.9b | 11x | 147.9x | 1x |
| Thu, 14 Apr 2022 | JP¥16.8t | JP¥17.1t | -JP¥402,267,000,000.00 | 9.7x | -41.8x | 1x |
| Sat, 12 Mar 2022 | JP¥17.2t | JP¥19.4t | -JP¥335,994,000,000.00 | 10.4x | -51.2x | 0.9x |
| Mon, 07 Feb 2022 | JP¥17.3t | JP¥19.4t | -JP¥441,253,000,000.00 | 9.6x | -39.2x | 0.9x |
| Wed, 05 Jan 2022 | JP¥16.6t | JP¥16.9t | -JP¥690,651,000,000.00 | 9.9x | -24x | 1x |
| Fri, 03 Dec 2021 | JP¥16.0t | JP¥16.9t | -JP¥690,651,000,000.00 | 9.5x | -23.2x | 0.9x |
| Sun, 31 Oct 2021 | JP¥17.7t | JP¥16.8t | -JP¥796,300,000,000.00 | 10.6x | -22.2x | 1.1x |
| Tue, 28 Sep 2021 | JP¥18.5t | JP¥16.7t | -JP¥860,498,000,000.00 | 11.1x | -21.5x | 1.1x |
| Thu, 26 Aug 2021 | JP¥17.9t | JP¥16.7t | -JP¥860,498,000,000.00 | 10.9x | -20.8x | 1.1x |
| Fri, 02 Jul 2021 | JP¥18.4t | JP¥16.7t | -JP¥860,498,000,000.00 | 10.7x | -21.3x | 1.1x |
Price to Earnings Ratio
-21.3x
Current Industry PE
- Investors are pessimistic on the Japanese Transportation industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 12.0x which is lower than its 3-year average PE of 13.7x.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
- Total earnings for the Transportation industry have gone up over the last three years, and the industry is now profitable.
- Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Japanese Industrials industry?
| JP Market | -0.80% | |
| Industrials | -0.34% | |
| Transportation | -3.23% | |
| Cargo Ground Transportation | -0.08% | |
| Trucking | -0.68% | |
| Railroads | -3.53% | |
Industry PE
- Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 12.6x.
- Analysts are expecting annual earnings growth of 10.9%, which is higher than its past year's earnings growth of 3.1% per year.
- Investors are most pessimistic about the Trucking industry, which is trading below its 3-year average of 11.5x.
Forecasted Growth
- Analysts are most optimistic on the Cargo Ground Transportation industry, expecting annual earnings growth of 11% over the next 5 years.
- This is better than its past earnings growth rate of 3.1% per year.
- In contrast, the Trucking industry is expected to see its earnings decline by 18% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 9005 Tokyu | JP¥1.83k | 1.3% +JP¥14.4b | 5.2% | PE17.2x | |
| 9075 Fukuyama Transporting | JP¥3.90k | 5.0% +JP¥7.5b | 4.8% | PE20.3x | |
| 9072 NIKKON HoldingsLtd | JP¥3.04k | 3.6% +JP¥6.7b | 6.6% | PE11.6x | |
| 9076 Seino Holdings | JP¥2.07k | 1.2% +JP¥4.1b | 5.9% | PE23.9x | |
| 9007 Odakyu Electric Railway | JP¥1.54k | 0.7% +JP¥3.6b | -21.7% | PE6.9x |
