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Keisei Electric Railway Co
(9009)
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Rating:70Outperform
Price Target:
¥1,416.00
▲(13.64% Upside)
Action:Upgraded
Date:08/09/26
Overall score is driven mainly by solid fundamentals (profitability recovery and improved leverage) but held back by weak recent free cash flow. Technicals are supportive with the stock trading above major moving averages and positive momentum indicators. Valuation looks reasonable with a modest dividend yield.
Positive Factors
Steady revenue growth
Consistent top-line recovery across 2023–2026 indicates resilient demand for commuter and airport services. Durable fare revenue growth expands the core earning base, supports long-term planning for services and station commerce, and reduces reliance on one-off property gains.
Negative Factors
Negative free cash flow
Persistent negative free cash flow signals that investment outlays or cash conversion are outpacing operating cash generation. Over time this limits flexibility for dividends, buybacks, or opportunistic investment and may force reliance on external financing or asset monetization.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Consistent top-line recovery across 2023–2026 indicates resilient demand for commuter and airport services. Durable fare revenue growth expands the core earning base, supports long-term planning for services and station commerce, and reduces reliance on one-off property gains.
Read all positive factors
Keisei Electric Railway Co (9009) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥648.14B
Dividend Yield1.65%
Average Volume (3M)1.25M
Price to Earnings (P/E)12.1
Beta (1Y)0.50
Revenue Growth4.15%
EPS Growth-26.13%
CountryJP
Employees13,231
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)105.18
Shares Outstanding517,233,600
10 Day Avg. Volume1,049,760
30 Day Avg. Volume1,251,646
Financial Highlights & Ratios
PEG Ratio-0.39
Price to Book (P/B)1.02
Price to Sales (P/S)1.70
P/FCF Ratio-13.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)90.99
Revenue Forecast (FY)¥351.19B
Keisei Electric Railway Co Business Overview & Revenue Model
Company Description
Keisei Electric Railway Co., Ltd. engages in the provision of public railway transportation services for local communities in Japan. It operates through the Transportation, Distribution, Real Estate, Leisure and Service, and Construction segments....
How the Company Makes Money
Keisei makes money primarily by operating transportation services and by monetizing assets and customer traffic generated along its railway network.
1) Transportation (core earnings driver)
- Passenger rail fares: The company earns revenue from c...
Keisei Electric Railway Co Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 335.73B | 332.42B | 319.31B | 296.51B | 252.34B | 214.16B |
| Gross Profit | 90.67B | 88.65B | 81.39B | 67.56B | 47.39B | 33.12B |
| EBITDA | 83.04B | 96.07B | 136.00B | 157.85B | 66.89B | 29.97B |
| Net Income | 50.72B | 48.02B | 69.96B | 87.66B | 26.93B | -4.44B |
Balance Sheet | ||||||
| Total Assets | 1.21T | 1.18T | 1.09T | 1.06T | 965.57B | 900.35B |
| Cash, Cash Equivalents and Short-Term Investments | 42.96B | 34.39B | 51.53B | 82.46B | 34.61B | 25.51B |
| Total Debt | 441.10B | 369.41B | 329.40B | 398.34B | 396.53B | 379.32B |
| Total Liabilities | 628.20B | 606.19B | 569.46B | 595.04B | 554.62B | 512.64B |
| Stockholders Equity | 562.66B | 557.83B | 508.99B | 451.62B | 394.91B | 369.76B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -42.56B | -22.05B | 5.51B | 14.41B | -9.40B |
| Operating Cash Flow | 0.00 | 41.45B | 41.15B | 60.05B | 47.24B | 28.83B |
| Investing Cash Flow | 0.00 | -75.54B | -9.24B | 28.14B | -29.50B | -33.76B |
| Financing Cash Flow | 0.00 | 16.95B | -62.87B | -40.26B | -20.92B | 1.24B |
Keisei Electric Railway Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ¥648.14B | 12.07 | 8.88% | 1.69% | 4.15% | -26.13% | |
69 Neutral | ¥582.53B | 10.35 | 9.47% | 2.26% | 5.23% | 13.35% | |
67 Neutral | ¥537.69B | 11.90 | 9.54% | 3.08% | 8.75% | -6.80% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥317.33B | 12.49 | ― | 1.61% | 3.35% | 12.80% | |
58 Neutral | ¥607.40B | 16.84 | 7.55% | 3.17% | 2.63% | -13.44% | |
57 Neutral | ¥3.90T | 16.63 | 8.29% | 2.04% | 7.74% | 3.47% |
* Industrials Sector Average
JP:9009
Keisei Electric Railway Co
1,273.50
6.02
0.48%
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Keisei Electric Railway Co Corporate Events
Keisei Electric Railway Delivers Strong Q1 but Sees Profit Dip Ahead
Jul 31, 2026
Keisei Electric Railway reported solid first-quarter results for the three months to June 30, 2026, with operating revenue rising 4% year on year to ¥86.6 billion and profit attributable to owners of parent climbing 21.2% to ¥15.4 billio...
Keisei Electric Railway Revamps Board and Executive Lineup Ahead of June 2026
May 19, 2026
Keisei Electric Railway has announced a slate of management changes, including the promotion of Kenji Nagatsuka, currently Executive Officer and General Manager of the Transportation Department, to Director, and the appointment of Wataru Takahashi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.