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Mizuho Financial Group

BST:MZ8A
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MZ8A
BST
¥4,083B
Market Cap
  1. Home
  2. DE
  3. Banks
Company description

Mizuho Financial Group, Inc., together with its subsidiaries, engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, and Asia/Oceania. The last earnings update was 4 days ago. More info.


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MZ8A Share Price and Events
7 Day Returns
-3.1%
BST:MZ8A
0.6%
DE Banks
-0.2%
DE Market
1 Year Returns
-15.9%
BST:MZ8A
-23.3%
DE Banks
-10.3%
DE Market
MZ8A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mizuho Financial Group (MZ8A) -3.1% -6.6% -6.3% -15.9% - -
DE Banks 0.6% -4.5% 9% -23.3% -4.7% -24.9%
DE Market -0.2% -2.4% 4.2% -10.3% 11.2% 10.8%
1 Year Return vs Industry and Market
  • MZ8A outperformed the Banks industry which returned -23.3% over the past year.
  • MZ8A underperformed the Market in Germany which returned -10.3% over the past year.
Price Volatility
MZ8A
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Mizuho Financial Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Mizuho Financial Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mizuho Financial Group.

BST:MZ8A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 13 analysts.
= Stable Book Value * Return on Equity
= ¥386.63 * 5.6%
¥21.83
Book Value of Equity per Share Weighted future Book Value estimates from 13 analysts. ¥386.63
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:MZ8A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.58
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.584 (1 + (1- 30.86%) (804.41%))
2.899
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for BST:MZ8A using Excess Returns Model Model

The calculations below outline how an intrinsic value for Mizuho Financial Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BST:MZ8A Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.6% – 12.15%) * ¥386.63)
¥-25.13
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ¥-25.13 / (12.15% - 0.23%)
¥-210.86
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ¥386.63 + ¥-210.86
¥175.78
BST:MZ8A Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:MZ8A represents 0.01578x of TSE:8411
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.01578x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 175.78 x 0.01578
€2.77
Value per share (EUR) From above. €2.77
Current discount Discount to share price of €2.54
= -1 x (€2.54 - €2.77) / €2.77
8.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Mizuho Financial Group is available for.
Intrinsic value
8%
Share price is €2.54 vs Future cash flow value of €2.77
Current Discount Checks
For Mizuho Financial Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Mizuho Financial Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Mizuho Financial Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mizuho Financial Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mizuho Financial Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:MZ8A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥3.81
TSE:8411 Share Price ** TSE (2019-05-17) in JPY ¥161
Germany Banks Industry PE Ratio Median Figure of 6 Publicly-Listed Banks Companies 15.35x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mizuho Financial Group.

BST:MZ8A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8411 Share Price ÷ EPS (both in JPY)

= 161 ÷ 3.81

42.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mizuho Financial Group is overvalued based on earnings compared to the DE Banks industry average.
  • Mizuho Financial Group is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Mizuho Financial Group's expected growth come at a high price?
Raw Data
BST:MZ8A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 42.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
33.3%per year
Europe Banks Industry PEG Ratio Median Figure of 114 Publicly-Listed Banks Companies 0.8x
Germany Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

BST:MZ8A PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 42.29x ÷ 33.3%

1.27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mizuho Financial Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Mizuho Financial Group's assets?
Raw Data
BST:MZ8A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥345.03
TSE:8411 Share Price * TSE (2019-05-17) in JPY ¥161
Germany Banks Industry PB Ratio Median Figure of 6 Publicly-Listed Banks Companies 0.89x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.77x
BST:MZ8A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8411 Share Price ÷ Book Value per Share (both in JPY)

= 161 ÷ 345.03

0.47x

* Primary Listing of Mizuho Financial Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mizuho Financial Group is good value based on assets compared to the DE Banks industry average.
X
Value checks
We assess Mizuho Financial Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Mizuho Financial Group has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Mizuho Financial Group expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mizuho Financial Group expected to grow at an attractive rate?
  • Mizuho Financial Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Mizuho Financial Group's earnings growth is expected to exceed the Germany market average.
  • Mizuho Financial Group's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:MZ8A Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:MZ8A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 33.3%
BST:MZ8A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts -14.7%
Germany Banks Industry Earnings Growth Rate Market Cap Weighted Average 14.1%
Europe Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:MZ8A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:MZ8A Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 1,513,600 650,400 1
2022-03-31 1,768,365 600,859 2
2021-03-31 1,986,101 519,063 11
2020-03-31 2,035,125 514,666 3
BST:MZ8A Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 2,627,837 -5,442,855 96,566
2018-12-31 2,566,082 510,773
2018-09-30 2,770,002 1,464,012 619,262
2018-06-30 2,819,159 619,272
2018-03-31 2,715,720 -3,204,611 576,547
2017-12-31 2,750,814 574,592
2017-09-30 2,725,595 -8,825,487 562,006
2017-06-30 2,620,532 589,195
2017-03-31 2,676,935 -9,390,592 603,544
2016-12-31 2,669,318 655,118
2016-09-30 2,640,981 -4,957,942 643,939
2016-06-30 2,666,436 643,136

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mizuho Financial Group's earnings are expected to grow significantly at over 20% yearly.
  • Mizuho Financial Group's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:MZ8A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Mizuho Financial Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:MZ8A Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 25.65 27.50 23.80 2.00
2022-03-31 23.68 26.60 21.74 3.00
2021-03-31 20.42 23.80 17.64 15.00
2020-03-31 20.10 20.60 19.69 5.00
BST:MZ8A Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 3.81
2018-12-31 20.14
2018-09-30 24.41
2018-06-30 24.41
2018-03-31 22.73
2017-12-31 22.65
2017-09-30 22.16
2017-06-30 23.23
2017-03-31 23.87
2016-12-31 26.02
2016-09-30 25.71
2016-06-30 25.82

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Mizuho Financial Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Mizuho Financial Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mizuho Financial Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Mizuho Financial Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mizuho Financial Group's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mizuho Financial Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Mizuho Financial Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Mizuho Financial Group's 1-year earnings growth is negative, it can't be compared to the DE Banks industry average.
Earnings and Revenue History
Mizuho Financial Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mizuho Financial Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:MZ8A Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,627,837.00 96,566.00 1,454,176.00
2018-12-31 2,566,082.00 510,773.00 1,471,338.00
2018-09-30 2,770,002.00 619,262.00 1,469,339.00
2018-06-30 2,819,159.00 619,272.00 1,464,363.00
2018-03-31 2,715,720.00 576,547.00 1,488,973.00
2017-12-31 2,750,814.00 574,592.00 1,463,697.00
2017-09-30 2,725,595.00 562,006.00 1,458,289.00
2017-06-30 2,620,532.00 589,195.00 1,424,966.00
2017-03-31 2,676,935.00 603,544.00 1,420,492.00
2016-12-31 2,669,318.00 655,118.00 1,382,154.00
2016-09-30 2,640,981.00 643,939.00 1,353,165.00
2016-06-30 2,666,436.00 643,136.00 1,368,628.00
2016-03-31 2,759,921.00 668,514.00 1,344,961.00
2015-12-31 2,792,215.00 601,850.00 1,335,133.00
2015-09-30 2,817,118.00 634,493.00 1,360,682.00
2015-06-30 2,901,102.00 610,319.00 1,298,675.00
2015-03-31 2,733,641.00 607,025.00 1,321,225.00
2014-12-31 2,557,227.00 641,755.00 1,290,890.00
2014-09-30 2,585,789.00 607,216.00 1,223,629.00
2014-06-30 2,517,611.00 588,441.00 1,273,481.00
2014-03-31 2,530,119.00 681,671.00 1,229,254.00
2013-12-31 2,537,782.00 720,052.00 1,198,504.00
2013-09-30 2,438,429.00 797,764.00 1,177,993.00
2013-06-30 2,452,914.00 616,328.00 1,167,782.00
2013-03-31 2,509,629.00 552,295.00 1,171,016.00
2012-12-31 2,372,968.00 596,651.00 1,168,809.00
2012-09-30 2,320,950.00 405,458.00 1,176,860.00
2012-06-30 2,265,364.00 563,403.00 1,191,463.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Mizuho Financial Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mizuho Financial Group used its assets less efficiently than the DE Banks industry average last year based on Return on Assets.
  • Unable to establish if Mizuho Financial Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Mizuho Financial Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mizuho Financial Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Mizuho Financial Group's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Mizuho Financial Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mizuho Financial Group Company Filings, last reported 1 month ago.

BST:MZ8A Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 9,194,038.00 32,841,851.00 70,624,337.00
2018-12-31 9,306,098.00 36,794,969.00 72,132,849.00
2018-09-30 9,672,610.00 40,961,389.00 66,988,972.00
2018-06-30 9,620,407.00 35,700,541.00 69,991,047.00
2018-03-31 9,821,245.00 38,575,135.00 70,663,893.00
2017-12-31 9,869,448.00 38,577,708.00 70,299,245.00
2017-09-30 9,593,750.00 39,298,207.00 70,102,917.00
2017-06-30 9,355,489.00 36,710,392.00 64,333,172.00
2017-03-31 9,273,361.00 43,319,591.00 66,978,574.00
2016-12-31 9,114,331.00 41,669,272.00 67,340,421.00
2016-09-30 8,970,260.00 38,457,053.00 64,946,656.00
2016-06-30 8,833,222.00 42,382,885.00 71,257,510.00
2016-03-31 9,353,244.00 47,501,816.00 59,012,094.00
2015-12-31 9,419,359.00 51,380,279.00 61,096,712.00
2015-09-30 9,264,830.00 45,230,552.00 58,337,660.00
2015-06-30 9,370,375.00 42,828,312.00 57,235,054.00
2015-03-31 9,800,538.00 51,001,738.00 50,748,992.00
2014-12-31 9,155,133.00 49,209,609.00 56,545,611.00
2014-09-30 8,714,469.00 49,537,608.00 49,909,742.00
2014-06-30 8,370,688.00 48,248,914.00 49,623,987.00
2014-03-31 8,304,549.00 51,626,425.00 42,072,232.00
2013-12-31 8,258,766.00 56,872,832.00 53,504,433.00
2013-09-30 8,100,621.00 53,807,095.00 46,679,027.00
2013-06-30 7,716,519.00 45,913,118.00 45,558,855.00
2013-03-31 7,736,230.00 57,619,501.00 38,924,570.00
2012-12-31 6,979,378.00 54,697,184.00 40,026,638.00
2012-09-30 6,751,845.00 50,061,484.00 36,553,235.00
2012-06-30 6,604,054.00 48,471,492.00 36,351,760.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Mizuho Financial Group has an acceptable proportion of non-loan assets held.
  • Mizuho Financial Group's liabilities are made up of primarily low risk sources of funding.
  • Loans at Mizuho Financial Group are broadly funded by customer deposits.
  • Mizuho Financial Group's level of assets compared to its equity is very high (i.e. bank has borrowed heavily to fund lending).
  • Mizuho Financial Group has a low allowance for bad loans.
  • Mizuho Financial Group has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Mizuho Financial Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mizuho Financial Group has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Mizuho Financial Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.66%
Current annual income from Mizuho Financial Group dividends. Estimated to be 4.74% next year.
If you bought €2,000 of Mizuho Financial Group shares you are expected to receive €93 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Mizuho Financial Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Mizuho Financial Group's dividend is above the markets top 25% of dividend payers in Germany (3.81%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:MZ8A Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
Germany Banks Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:MZ8A Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 9.00 2.00
2022-03-31 7.87 3.00
2021-03-31 7.54 15.00
2020-03-31 7.50 14.00
BST:MZ8A Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-05-15 7.500 4.618
2019-01-31 7.500 4.330
2018-11-30 7.500 4.238
2018-11-14 7.500 3.952
2018-06-25 7.500 3.874
2018-05-15 7.500 3.868
2018-02-14 7.500 3.831
2018-01-31 7.500 3.722
2017-11-28 7.500 3.602
2017-11-13 7.500 3.786
2017-09-19 7.500 3.736
2017-06-26 7.500 3.854
2017-05-15 7.500 3.792
2017-02-14 7.500 3.653
2017-01-31 7.500 3.591
2016-11-28 7.500 3.516
2016-11-14 7.500 3.810
2016-06-27 7.500 4.486
2016-05-13 7.500 4.561
2016-04-05 7.500 4.529
2016-01-29 7.500 4.299
2015-11-13 7.500 3.175
2015-10-13 7.500 3.054
2015-06-24 7.500 2.996
2015-05-15 7.500 2.900
2015-02-13 7.000 3.174
2015-01-30 7.000 3.555
2014-11-28 7.000 3.498
2014-11-14 7.000 3.443
2014-06-25 7.000 3.530
2014-05-14 7.000 3.444
2014-02-14 7.000 3.414
2014-01-31 7.000 3.316
2013-12-06 6.000 2.701
2013-07-01 6.000 2.841
2013-01-31 6.000 2.926
2012-12-10 6.000 3.837
2012-07-31 6.000 4.679
2012-05-15 6.000 4.877
2012-02-14 6.000 4.599
2012-01-31 6.000 4.946
2011-11-14 6.000 5.680
2011-08-15 6.000 5.408
2011-07-29 6.000 4.972
2011-05-13 6.000 4.707
2011-01-31 6.000 4.116
2010-11-12 6.000 4.049
2010-07-30 6.000 4.707
2010-06-22 8.000 5.627
2010-01-29 8.000 4.583
2009-11-13 8.000 4.685
2009-07-31 8.000 4.071

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Mizuho Financial Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mizuho Financial Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mizuho Financial Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mizuho Financial Group has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Mizuho Financial Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tatsufumi Sakai
AGE 59
TENURE AS CEO 1.1 years
CEO Bio

Mr. Tatsufumi Sakai is the President, Group CEO, Representative Executive Officer and Director at Mizuho Financial Group, Inc. since April 1, 2018 and has been its Director since June 2018. He is a Director at Mizuho Securities Co., Ltd. since April 2016. He is a Director of Mizuho Bank, Ltd. since April 1, 2018. He is a Director at Mizuho Trust & Banking Co., Ltd. since April 1, 2018. He was the President and CEO of Mizuho Securities Co., Ltd. from April 2016 to April 1, 2018. His experience includes Executive Officer and Senior Corporate Officer of Strategic Planning Group at the Mizuho Corporate Bank, Ltd. since April 2011; Executive Officer and General Manager of Group Planning Division at Mizuho Financial Group, Inc.; Executive Officer and General Manager of Group Planning Division at the Mizuho Bank, Ltd.; General Manager of Group Planning Division at the Mizuho Corporate Bank, Ltd. since April 2012; Managing Executive Officer of Mizuho Financial Group, Inc., and was its Head of Investment Banking Unit since 2013; Managing Executive Officer, Head of Investment Banking Unit and in charge of Business Collaboration Division (Securities & Trust Services) at the Mizuho Bank, Ltd.; Managing Executive Officer, Head of Investment Banking Unit and in charge of Business Collaboration Division (Securities & Trust Services) at the Mizuho Corporate Bank, Ltd. since April 2013; and Managing Executive Officer and Head of International Banking Unit at Mizuho Bank, Ltd. since April 2014. He graduated from Faculty of Law, the University of Tokyo in March 1984.

CEO Compensation
  • Insufficient data for Tatsufumi to compare compensation growth.
  • Insufficient data for Tatsufumi to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Mizuho Financial Group management team in years:

1.1
Average Tenure
56
Average Age
  • The average tenure for the Mizuho Financial Group management team is less than 2 years, this suggests a new team.
Management Team

Tatsufumi Sakai

TITLE
President
AGE
59
TENURE
1.1 yrs

Toshitsugu Okabe

TITLE
Deputy Chairman & Executive Officer
AGE
62
TENURE
11.1 yrs

Daisaku Abe

TITLE
Deputy Chairman
AGE
61
TENURE
10.1 yrs

Makoto Umemiya

TITLE
Managing Exec. Officer
AGE
54
TENURE
2.1 yrs

Satoshi Ishii

TITLE
Senior Managing Executive Officer
AGE
55
TENURE
0.3 yrs

Shuji Kojima

TITLE
Managing Executive Officer & Group CCO
AGE
53
TENURE
0.3 yrs

Hiroaki Ehara

TITLE
Managing Executive Officer
AGE
53
TENURE
0.3 yrs

Koji Yonei

TITLE
Managing Executive Officer
TENURE
5.8 yrs

Teiji Teramoto

TITLE
Senior Managing Executive Officer & Head of the Americas
AGE
56

Akira Nakamura

TITLE
Senior Managing Executive Officer & Head of Corporate Institutional Company
AGE
58
TENURE
1.1 yrs
Board of Directors Tenure

Average tenure and age of the Mizuho Financial Group board of directors in years:

1.4
Average Tenure
61.5
Average Age
  • The average tenure for the Mizuho Financial Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Yasuhiro Sato

TITLE
Chairman of the Board
COMPENSATION
¥121M
AGE
66
TENURE
0.9 yrs

Tatsufumi Sakai

TITLE
President
AGE
59
TENURE
0.9 yrs

Toshitsugu Okabe

TITLE
Deputy Chairman & Executive Officer
AGE
62
TENURE
0.1 yrs

Daisaku Abe

TITLE
Deputy Chairman
AGE
61
TENURE
0.3 yrs

Ryusuke Aya

TITLE
Deputy Chairman of the Board
AGE
58
TENURE
1.9 yrs

Makoto Umemiya

TITLE
Managing Exec. Officer
AGE
54
TENURE
1.9 yrs

Hisashi Kikuchi

TITLE
Managing Executive Officer
AGE
53
TENURE
0.9 yrs

Tatsuo Kainaka

TITLE
Outside Director
AGE
78
TENURE
4.9 yrs

Takashi Kawamura

TITLE
Outside Director
AGE
79
TENURE
4.9 yrs

Tetsuo Seki

TITLE
Outside Director
AGE
80
TENURE
3.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Mizuho Financial Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mizuho Financial Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Mizuho Financial Group, Inc., together with its subsidiaries, engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, and Asia/Oceania. It operates through five segments: Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, and Asset Management Company. The company provides deposit products; syndicated, housing, and card loans; business matching services; and advisory services related to overseas expansions, and mergers and acquisitions-related services. It also offers consulting services, including asset management and asset succession; payroll services; and sells lottery tickets issued by prefectures and ordinance-designated cities. In addition, it offers financial solutions, such as bonds, mergers and acquisitions advisory, etc. for corporate customers to meet their needs in fund-raising, investment management, and financial strategies; solutions based on their capital management, business strategy, and financial strategy; solutions related to real estate; advisory services and solutions, such as advice on proposals on various investment products to financial institutions; and financial services that include funding support and public bonds underwriting. Further, the company offers sales and trading services to meet risk hedging and investment needs; investment products for individual customers; and consulting services for institutional investors. Additionally, the company provides products and services related to trust, securitization and structured finance, pension, and stock transfers; securities services; and research, private banking, and information technology-related services. As of March 31, 2018, its branch network included 465 Mizuho Bank, 60 Mizuho Trust and Banking, and 275 Mizuho Securities; and 7,200 ATMs in Japan. The company was founded in 2003 and is headquartered in Tokyo, Japan.

Details
Name: Mizuho Financial Group, Inc.
MZ8A
Exchange: BST
Founded: 2003
¥33,273,795,227
25,358,536,541
Website: http://www.mizuho-fg.co.jp
Address: Mizuho Financial Group, Inc.
1-5-5 Otemachi,
Chiyoda-ku,
Tokyo,
100-8176,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8411 Common Stock The Tokyo Stock Exchange JP JPY 12. Mar 2003
OTCPK MZHO.F Common Stock Pink Sheets LLC US USD 12. Mar 2003
DB MZ8 Common Stock Deutsche Boerse AG DE EUR 12. Mar 2003
NYSE MFG ADR EACH REPR 2 SHS New York Stock Exchange US USD 08. Nov 2006
BASE MFG CEDEAR EACH REPR 1 ADR Buenos Aires Stock Exchange AR ARS 19. May 2019
BST MZ8A ADR EACH REPR 2 SHS Boerse-Stuttgart DE EUR 08. Nov 2006
Number of employees
Current staff
Staff numbers
59,132
Mizuho Financial Group employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 22:15
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/16
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.