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Mizuho Financial Group Inc ADR MFG

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Stock XNYS Rating as of
$10.48 +0.15 (1.45%)
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As of Delayed Price Closed

Company Report

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Mizuho Has Room to Increase Shareholder Returns on Share Sale Gains

Lorraine Tan

Mizuho Financial Group is one of Japan’s three largest banking groups. Mizuho lacks the large consumer finance, credit card, and leasing operations of its two rivals, leaving it dependent on banking, securities, and asset management for future returns. Its wholesale securities business has been performing well, in our view, including overseas. In 2023, Mizuho bought investment banking firm Greenhill, which should bolster its league table rankings in M&A advisory to complement Mizuho's existing strength in debt capital markets (with equity capital markets business overseas also growing).

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Price vs Fair Value

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MFG is trading at a LOCK|!Zjg#y premium.
Price
$10.48
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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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.

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Trading Information

Previous Close Price
$10.33
Day Range
$10.38–10.54
52-Week Range
$5.45–10.54
Bid/Ask
$10.36 / $10.59
Shares Outstanding
12.17B
Market Cap
$127.67B
Volume/Avg
7M / 4M

Key Statistics

Price/Earnings (Normalized)
14.57
Price/Sales
4.52
Dividend Yield (Trailing)
1.75%
Dividend Yield (Forward)
1.75%
Total Yield
3.89%

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. Unlike its two Japanese megabank peers, which own foreign banks outright or hold noncontrolling stakes in local banks overseas, 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

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Metric
MFG
HSBC
MUFG
Price/Earnings (Normalized)
 14.5772.3410.98
Price/Book Value
 1.761.701.72
Price/Sales
 4.524.694.86
Price/Cash Flow
 ———
Price/Earnings
MFG
HSBC
MUFG

Financial Strength

Metric
MFG
HSBC
MUFG
Quick Ratio
 ———
Current Ratio
 ———
Interest Coverage
 ———
Quick Ratio
No chart available

Profitability

Metric
MFG
HSBC
MUFG
Return on Assets (Normalized)
 0.54%0.90%0.82%
Return on Equity (Normalized)
 14.44%15.54%16.23%
Return on Invested Capital (Normalized)
 ———
Return on Assets
MFG
HSBC
MUFG

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