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.
Mizuho Financial Group Inc 8411
Bulls Say, Bears Say
Bulls
Mizuho has significantly improved its previously inferior capital position, allowing it to return more capital to shareholders and invest in growth.
Bears
Mizuho depends on institutional banking and securities business, with less earnings diversification than peers from areas like consumer finance, leasing, and local banking outside of Japan.
News
Trading Information
- Previous Close Price
- ¥7,749.00
- Day Range
- ¥7,486.00–7,659.00
- 52-Week Range
- ¥4,847.00–8,903.00
- Bid/Ask
- ¥7,585.00 / ¥7,588.00
- Shares Outstanding
- 2.41B
- Market Cap
- ¥18.32T
- Volume/Avg
- 5M / 9M
Key Statistics
- Price/Earnings (Normalized)
- 13.23
- Price/Sales
- 4.21
- Dividend Yield (Trailing)
- 1.94%
- Dividend Yield (Forward)
- 1.98%
- Dividend Payment Schedule
- Jun, Dec
- Total Yield
- 4.14%
Company Profile
Mizuho Financial Group is roughly tied with megabank peer Sumitomo Mitsui Financial Group for the status as Japan’s second-largest bank after Mitsubishi UFJ Financial Group. In Japan, Mizuho has more of a corporate focus than SMFG, which has a larger retail business. Its overseas weighting is slightly smaller than that of MUFG. Mizuho expanded in recent years beyond its traditional Japanese borrowers, mainly through its core banking and securities units, focusing on the financing needs of global multinational corporations.
- Sector
- Financial Services
- Industry
- Banks - Regional
- Stock Style Box
- Large Core
- Total Number of Employees
- 64,539
- Website
- https://www.mizuho-fg.co.jp
Competitors
Valuation
|
Metric
|
8411
|
HSBC
|
8316
|
|---|---|---|---|
Price/Earnings (Normalized) | 13.23 | 8.32 | 7.82 |
Price/Book Value | 1.64 | 1.49 | 1.52 |
Price/Sales | 4.21 | 3.97 | 4.03 |
Price/Cash Flow | — | 5.87 | 27.01 |
Price/Earnings
8411
HSBC
8316
Financial Strength
|
Metric
|
8411
|
HSBC
|
8316
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
Quick Ratio
No chart available
Profitability
|
Metric
|
8411
|
HSBC
|
8316
|
|---|---|---|---|
Return on Assets (Normalized) | 0.61% | 0.84% | 0.80% |
Return on Equity (Normalized) | 16.24% | 15.18% | 16.28% |
Return on Invested Capital (Normalized) | — | — | — |
Return on Assets
8411
HSBC
8316
Banks - Regional Industry Comparables
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Mizuho Financial Group Inc ADR
MFG
| LOCK|&&QYFd! | LOCK|z&g | $116B | |||
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ISNPY
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BNPQY
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USB
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PNC
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| Itau Unibanco Holding SA ADR
ITUB
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| LOCK|WP&%z>% | LOCK|%@lw | $61B | |||
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United States