Transferring Coverage of Four Japan Banks; Policy Rate Benefits Largely Priced In
We are transferring coverage of Mitsubishi UFJ Financial Group, or MUFG, Sumitomo Mitsui Financial Group, or SMFG, Mizuho Financial Group, and Resona Group.
Mitsubishi UFJ Financial Group Inc 8306
Bulls Say, Bears Say
Bulls
MUFG has improved its capital allocation, selling its underperforming US business, adjusting bond risks and increasing dividends and buybacks.
Bears
Despite significant improvement, MUFG’s return on equity is still lower than that of many large global banks.
News
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Ant International-Backed Fintech Unicorn Gets Regulatory Nod for Philippines's Largest-Ever IPO
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Mitsubishi UFJ, BlackRock to Discuss Collaboration on Private Credit in Japan
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Mitsubishi UFJ's Quarterly Profit Tops Expectations — Update
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Mitsubishi UFJ Reports Better-Than-Expected Quarterly Profit, Maintains Guidance
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Mitsubishi UFJ's Annual Profit Hits New Record, Helped by Higher Loan Rates — Update
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Mitsubishi UFJ Reports Higher Annual Profit
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Mitsubishi UFJ Maintains Annual Profit Goal — Update
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Mitsubishi UFJ Maintains Annual Profit Goal
Trading Information
- Previous Close Price
- ¥3,370.00
- Day Range
- ¥3,345.00–3,402.00
- 52-Week Range
- ¥2,238.00–3,813.00
- Bid/Ask
- ¥3,375.00 / ¥3,378.00
- Shares Outstanding
- 11.26B
- Market Cap
- ¥38.01T
- Volume/Avg
- 24M / 38M
Key Statistics
- Price/Earnings (Normalized)
- 10.36
- Price/Sales
- 4.87
- Dividend Yield (Trailing)
- 2.93%
- Dividend Yield (Forward)
- 2.84%
- Dividend Payment Schedule
- Jun, Dec
- Total Yield
- 4.24%
Company Profile
Mitsubishi UFJ Financial Group, or MUFG, is the largest bank in Japan in terms of market capitalization and assets. It offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. MUFG also generates substantial revenue and profits outside Japan (more than 30% of its loans are outside Japan) as it provides services to Japanese corporates overseas, local consumers and businesses in Southeast Asia, and non-Japanese global corporates. MUFG also owns a 24% stake in Morgan Stanley.
- Sector
- Financial Services
- Industry
- Banks - Diversified
- Stock Style Box
- Large Core
- Total Number of Employees
- 184,200
- Website
- https://www.mufg.jp
Competitors
Valuation
|
Metric
|
8306
|
HSBC
|
MFG
|
|---|---|---|---|
Price/Earnings (Normalized) | 10.36 | 8.38 | 12.77 |
Price/Book Value | 1.67 | 1.50 | 1.66 |
Price/Sales | 4.87 | 3.99 | 4.06 |
Price/Cash Flow | — | 5.91 | — |
Price/Earnings
8306
HSBC
MFG
Financial Strength
|
Metric
|
8306
|
HSBC
|
MFG
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
Quick Ratio
No chart available
Profitability
|
Metric
|
8306
|
HSBC
|
MFG
|
|---|---|---|---|
Return on Assets (Normalized) | 0.91% | 0.84% | 0.61% |
Return on Equity (Normalized) | 17.81% | 15.18% | 16.24% |
Return on Invested Capital (Normalized) | — | — | — |
Return on Assets
8306
HSBC
MFG
Banks - Diversified Industry Comparables
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| JPMorgan Chase & Co
JPM
| LOCK|vr%RnY<% | LOCK|Zw | $892B | |||
| Bank of America Corp
BAC
| LOCK|xDqC>j | LOCK|B$ | $351B | |||
| HSBC Holdings PLC ADR
HSBC
| LOCK|Gfm&S?? | LOCK|F%%n | $295B | |||
| Royal Bank of Canada
RY
| LOCK|SxCD#%%! | LOCK|xDz | $282B | |||
| Wells Fargo & Co
WFC
| LOCK|<c?#>? | LOCK|R# | $250B | |||
| Mitsubishi UFJ Financial Group Inc ADR
MUFG
| LOCK|>SvRQf$ | LOCK|%mc | $241B | |||
| The Toronto-Dominion Bank
TD
| LOCK|%&f@#c | LOCK|#<% | $206B | |||
| Citigroup Inc
C
| LOCK|?WJ%Nt | LOCK|Hz | $203B | |||
| Banco Santander SA ADR
SAN
| LOCK|^@^B%y | LOCK|n?Js& | $182B | |||
| UBS Group AG Registered Shares
UBS
| LOCK|#BM&<y | LOCK|>&>dW | $144B |
United States