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West Japan Railway Company (WJRYF)

Unterbewertet
IndustrialsRailroadsJapan

Fundamental

64

Kurs

$2915.00

Marktkapitalisierung

$1.38T

Teil 1 · Was das Unternehmen wert ist

Übersicht

West Japan Railway (JR West) runs commuter and intercity passenger trains across the Kansai and Chugoku regions of western Japan, including the Sanyo Shinkansen bullet-train line linking Osaka to Fukuoka. Alongside the railway it develops and leases real estate around its stations — shopping centres, offices and hotels — and operates retail and food outlets inside stations and trains. The rail network was inherited from the state railway's 1987 breakup into regional companies.

Wie das Geld verdient wird

Most revenue comes from fares: commuters buying monthly passes for daily travel and other passengers buying individual or Shinkansen tickets, so revenue tracks ridership and how often people travel by rail. A second, growing stream comes from the real estate, retail and hotel businesses JR West builds on land it owns around its stations, which benefit from the steady footfall its own trains bring rather than depending on rail travel directly.

Wettbewerbsvorteil

Skaleneffekte · Schmal

JR West operates under an effective regional monopoly on its rail routes: building a competing railway line and station network across the same territory would be enormously expensive and is not something a private competitor realistically attempts. That said, the moat is geographically bounded and does not protect the company from competition in its non-rail retail and real estate businesses.

Was die Nachfrage antreibt

Zyklisch

Ridership on the Shinkansen and commuter lines rises and falls with business travel, tourism and the broader economy, and inbound tourism to Japan in particular can swing sharply with currency levels and global travel trends. JR West's own results have been lifted recently by a tourism and events tailwind, illustrating how much revenue depends on discretionary travel rather than a fixed, steady commuter base alone.

Die Argumente dafür

Buyers argue that JR West holds an effectively unreplicable rail network across a major part of Japan, that inbound tourism and events such as the Osaka-Kansai Expo have driven record results, and that its real estate and retail businesses give it a second, less rail-dependent growth engine.

Die Argumente dagegen

Sellers worry that Japan's long-term population decline shrinks the domestic commuter base the railway was built to serve, that results tied to a one-off event like the Expo can fade once it ends, and that heavy, ongoing spending on maintaining aging rail infrastructure limits how much cash is left over for shareholders.

Written by the editors, published on 18. August 2026

Direct competitors

Who this company fights with for the same customers

No editorial profile for this company yet

No competitor list for this company yet.

Bilanz & Liquidität

Umsatz

$1.84T

Letzte 12 Monate bis zum zuletzt gemeldeten Quartal — Schätzung aus Kennzahlen je Aktie

Nettogewinn

$117.39B

Letzte 12 Monate bis zum zuletzt gemeldeten Quartal — Schätzung aus Kennzahlen je Aktie

Freier Cashflow

-

Gesamtes Eigenkapital

$1.22T

Gesamtverbindlichkeiten

$1.56T

Current Ratio

1.12

Zinsdeckungsgrad

-

Schulden/EBITDA

4.21

Gewinn je Aktie

Umsatz & Nettogewinn

Freier Cashflow

Ertragsaufschlüsselung

Historische Aufstellung

Margen im Zeitverlauf

Verschuldung im Zeitverlauf

Wie schwer die Schulden wiegen

Wachstumsraster

Wachstum — Umsatz

Innerer-Wert-Schätzung

Allgemeiner FallUnterbewertet

Innerer Wert

$4271.55

Aktueller Kurs

$2915.00

Sicherheitsmarge

+31.8%

Innerer-Wert-Spanne

$2928.01 - $5615.09

Streubreite zwischen den verwendeten Bewertungsmethoden, kein statistisch kalibriertes Konfidenzintervall.

Bewertungsmethoden

Kursziel der Analysten:$3123.64
Diskontierter Cashflow (DCF):$7107.75
Gewinnmultiplikator (P/E):$3683.64
Graham-Wachstumsformel:$4519.00
Ertragskraftwert (EPV):$3791.60
Gerechtfertigtes P/B:$3861.29
Dividendendiskontierung (Gordon):$2405.60
P/FFO, Funds from Operations:Nicht genügend Daten zur Berechnung
Gewinn im Zyklusmittel:Nicht genügend Daten zur Berechnung
Umsatzmultiplikator:$11518.18
Analystenkonsens:Kaufen (6B / 10H / 0S)
Letzte Gewinnüberraschung:+13.11%

Bewertungskennzahlen

P/E-Verhältnis

11.30

ROE

9.3%

P/B-Verhältnis

1.08

P/FCF

-

Bruttomarge

24.8%

ROIC

6.9%

Rentabilitäts-Radar

Wertschöpfung (Wettbewerbsvorteil)

ROIC

6.9%

WACC

3.8%

ROIC − WACC

+3.1 pp

Der ROIC übersteigt die Kapitalkosten: Das Unternehmen schafft Wert für die Aktionäre.

Fundamentalanalyse-Kriterien

Bestanden (11)

  • ROIC 6.9%
  • P/B Ratio 1.08
  • Debt/Equity ratio
  • Operating Margin 9.5%
  • Current Ratio
  • Debt/EBITDA
  • Price below Graham Number
  • ROE 9.8%
  • Revenue Growth 5Y 14.9%
  • Earnings Surprise avg 41.3%
  • Net Margin Trend 6.9% vs 6.7%

Nicht bestanden (5)

  • Price CAGR -1.98%
  • Gross Margin 24.8%
  • DCF valuation (Unknown)
  • Analyst Consensus 38% Buy
  • Piotroski F-Score 0/9

Nicht verfügbar (11)

  • EPS data insufficient
  • P/FCF NaN
  • Dividend Payout NaN%
  • Positive Free Cash Flow
  • CapEx intensity
  • Interest Coverage
  • Return on Tangible Assets
  • Low reliance on intangibles
  • PEG Ratio (need PE > 0 and growth > 0)
  • Earnings Quality (OCF/Net Income)
  • Share Dilution (missing shares data)

Piotroski F-Score

0/9

Ernsthafte finanzielle Bedenken

score
criteria

Gewinnqualität

-

Niedrige Qualität: Rechnungslegung prüfen

Aktienverwässerung

-

Aktienrückkäufe. Aktionärsfreundlich

Institutionelle Beteiligungen

Für dieses Unternehmen liegen keine institutionellen Meldungen vor.

Unternehmensführung

Führungsteam

NamePositionAlter
Mr. Kazuaki HasegawaChairman of the Board of Directors68
Mr. Shoji KurasakaPresident & Representative Director63
Mr. Jun FukushimaGeneral Manager of Corporate Communications Department-
Mr. Eiji TsuboneSenior Managing Exe. Off., Head of Hotel Co., GM of Corporate Strategy Headquarters & Director59
Mr. Nobuhiko TakeichiRepresentative Director, Executive VP & Head of Regional Town Development Headquarters59
Mr. Yasuo UmetaniDirector, Head of Corporate Strategy & Senior Managing Executive Officer58
Mr. Hiroaki IshikawaChief Manager of Business Development Headquarters-
Mr. Takeshi UrushiharaSr. Mang Exec Officer, Deputy Chief of Railway Div., GM of Safety Promotion Department & Director56
Mr. Hiro InoueExecutive VP, Executive Officer, Chief of Railway Division and Director60
Mr. Hideo OkudaSenior Managing Executive Officer, Head of Co-creation Solutions Division & Director57

Prüfungsrisiko

1

Vorstandsrisiko

3

Vergütungsrisiko

10

Aktionärsrechterisiko

2

Teil 2 · Der Preis und der Einstiegszeitpunkt

Dieser Teil sagt nicht, ob das Unternehmen etwas taugt: Er hilft bei der Wahl des Kaufzeitpunkts, nachdem die Fundamentaldaten überzeugt haben. Enthalten: technische Analyse, Potenzial, historische Drawdowns, Gamma-Exposure.

Latest News

Recent headlines for WJRYF, sourced from Markets Gazette.

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