Central Japan Railway Co
9022: XTKS (JPN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥3,817.00 | Jdsylx | Wndznrlq |
JR Central Earnings: Strong Rebound as Pandemic's Impact Recedes
Narrow-moat-rated JR Central had a strong first-half fiscal 2024 as passenger numbers bounced back, beating management's expectations and our own. First-half operating income, or EBIT, jumped 82% to JPY 312 billion, leading management to upgrade full-year guidance by 17% to JPY 502 million on stronger-than-expected passenger demand and lower-than-expected fuel costs. We upgrade our fair value estimate 6% to JPY 3,400 per share after upgrading our earnings forecasts. At current prices, the stock screens as fairly valued.