BST:MZ8A

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Mizuho Financial Group

Executive Summary

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.


Snowflake Analysis

Undervalued with proven track record and pays a dividend.


Similar Companies

Share Price & News

How has Mizuho Financial Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MZ8A's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.0%

MZ8A

7.3%

DE Banks

2.2%

DE Market


1 Year Return

-17.9%

MZ8A

-33.6%

DE Banks

-3.9%

DE Market

Return vs Industry: MZ8A exceeded the German Banks industry which returned -33.7% over the past year.

Return vs Market: MZ8A underperformed the German Market which returned -4.6% over the past year.


Shareholder returns

MZ8AIndustryMarket
7 Day1.0%7.3%2.2%
30 Day0%5.0%8.0%
90 Day-19.2%-32.4%-9.6%
1 Year-16.5%-17.9%-33.0%-33.6%-2.3%-3.9%
3 Yearn/a-47.8%-50.1%-7.6%-14.8%
5 Yearn/a-44.4%-55.1%-0.3%-12.9%

Price Volatility Vs. Market

How volatile is Mizuho Financial Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Mizuho Financial Group undervalued compared to its fair value and its price relative to the market?

29.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MZ8A (€2.02) is trading below our estimate of fair value (€2.87)

Significantly Below Fair Value: MZ8A is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MZ8A is good value based on its PE Ratio (7x) compared to the Banks industry average (18.3x).

PE vs Market: MZ8A is good value based on its PE Ratio (7x) compared to the German market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: MZ8A's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: MZ8A is good value based on its PB Ratio (0.4x) compared to the DE Banks industry average (0.8x).


Next Steps

Future Growth

How is Mizuho Financial Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

-1.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MZ8A's earnings are forecast to decline over the next 3 years (-1.2% per year).

Earnings vs Market: MZ8A's earnings are forecast to decline over the next 3 years (-1.2% per year).

High Growth Earnings: MZ8A's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MZ8A's revenue is expected to decline over the next 3 years (-7.7% per year).

High Growth Revenue: MZ8A's revenue is forecast to decline over the next 3 years (-7.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MZ8A's Return on Equity is forecast to be low in 3 years time (4.1%).


Next Steps

Past Performance

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

-19.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MZ8A has high quality earnings.

Growing Profit Margin: MZ8A's current net profit margins (18.6%) are higher than last year (3.8%).


Past Earnings Growth Analysis

Earnings Trend: MZ8A's earnings have declined by -19.8% per year over the past 5 years.

Accelerating Growth: MZ8A's earnings growth over the past year (364.4%) exceeds its 5-year average (-19.8% per year).

Earnings vs Industry: MZ8A earnings growth over the past year (364.4%) exceeded the Banks industry 4.1%.


Return on Equity

High ROE: MZ8A's Return on Equity (5.3%) is considered low.


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: MZ8A's Assets to Equity ratio (24.8x) is very high.

Allowance for Bad Loans: MZ8A has a low allowance for bad loans (63%).

Low Risk Liabilities: 70% of MZ8A's liabilities are made up of primarily low risk sources of funding.

Loan Level: MZ8A has an appropriate level of Loans to Assets ratio (39%).

Low Risk Deposits: MZ8A's Loans to Deposits ratio (58%) is appropriate.

Level of Bad Loans: MZ8A has an appropriate level of bad loans (0.8%).


Next Steps

Dividend

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

6.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MZ8A's dividend (6.09%) is higher than the bottom 25% of dividend payers in the German market (1.36%).

High Dividend: MZ8A's dividend (6.09%) is in the top 25% of dividend payers in the German market (4.18%)


Stability and Growth of Payments

Stable Dividend: MZ8A's dividends per share have been stable in the past 10 years.

Growing Dividend: MZ8A's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (42.4%), MZ8A's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average management tenure


CEO

Tatsufumi Sakai (60yo)

2.08yrs

Tenure

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 Directo ...


Leadership Team

NamePositionTenureCompensationOwnership
Tatsufumi Sakai
President2.08yrsno data0.0013% ¥354.5k
Makoto Umemiya
Sr. Managing Exec. Officer2.92yrsno data0.00021% ¥56.0k
Satoshi Ishii
Sr. Managing Exec. Officer0.92yrno data0.00086% ¥229.3k
Masaomi Takada
Managing Executive Officer & Head of Compliance Group0.083yrno datano data
Hiroaki Ehara
Managing Executive Officer0.92yrno data0.00024% ¥64.0k
Koji Arita
Managing Executive Officer & Deputy Head of Operations Group1.33yrsno datano data
Masahiro Otsuka
Senior Managing Executive Officer and Head of Retail & Business Banking Company5.08yrsno data0.00059% ¥157.3k
Scott Paul
Head of Pan-Asian Fixed-Income Sales Team In Securities Business5.67yrsno datano data
Masamichi Ishikawa
Managing Executive Officer & Head of Asset Management Company0.083yrno datano data
Goji Fujishiro
Managing Executive Officer2.08yrsno data0.00021% ¥56.0k

1.7yrs

Average Tenure

55yo

Average Age

Experienced Management: MZ8A's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Tatsufumi Sakai
President2.08yrsno data0.0013% ¥354.5k
Makoto Umemiya
Sr. Managing Exec. Officer2.92yrsno data0.00021% ¥56.0k
Satoshi Ishii
Sr. Managing Exec. Officer0.92yrno data0.00086% ¥229.3k
Hiroaki Ehara
Managing Executive Officer0.92yrno data0.00024% ¥64.0k
Motonori Wakabayashi
Senior Managing Executive Officer0.92yrno data0.00013% ¥34.7k
Masami Yamamoto
Outside Independent Director0.92yrno datano data
Tetsuo Seki
Outside Independent Director4.92yrsno data0.00018% ¥48.0k
Hisaaki Hirama
Internal Non-Executive Director0.92yrno data0.00052% ¥138.6k
Tatsuo Kainaka
Outside Independent Director5.92yrsno data0.00010% ¥26.7k
Hiroko Ota
Independent Chairman of the Boardno datano data0.000020% ¥5.3k

0.9yrs

Average Tenure

58.5yo

Average Age

Experienced Board: MZ8A's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Mizuho Financial Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mizuho Financial Group, Inc.
  • Ticker: MZ8A
  • Exchange: BST
  • Founded: 2003
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: JP¥3.122t
  • Listing Market Cap: JP¥26.658b
  • Shares outstanding: 25.36b
  • Website: https://www.mizuho-fg.co.jp

Number of Employees


Location

  • Mizuho Financial Group, Inc.
  • 1-5-5 Otemachi
  • Chiyoda-ku
  • Tokyo
  • 100-8176
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MFGBASE (Buenos Aires Stock Exchange)CEDEAR EACH REPR 1 ADRARARSNo data
8411TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYMar 2003
MZ8DB (Deutsche Boerse AG)YesCommon StockDEEURMar 2003
MZHO.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMar 2003
MFGNYSE (New York Stock Exchange)ADR EACH REPR 2 SHSUSUSDNov 2006
MZ8ABST (Boerse-Stuttgart)ADR EACH REPR 2 SHSDEEURNov 2006
MZ8ADB (Deutsche Boerse AG)ADR EACH REPR 2 SHSDEEURNov 2006

Biography

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, 2019, its branch network included 464 Mizuho Bank, 60 Mizuho Trust and Banking, and 259 Mizuho Securities; and 7,200 ATMs in Japan. The company was founded in 2003 and is headquartered in Tokyo, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/25 23:01
End of Day Share Price2020/05/25 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.