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Concordia Financial Group

DB:YC3
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
YC3
DB
¥543B
Market Cap
  1. Home
  2. DE
  3. Banks
Company description

Concordia Financial Group, Ltd., through its subsidiaries, provides various banking products and services to individual and corporate customers. The last earnings update was 70 days ago. More info.


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YC3 Share Price and Events
7 Day Returns
0.4%
DB:YC3
8%
DE Banks
2.5%
DE Market
1 Year Returns
-25.3%
DB:YC3
-22.3%
DE Banks
-6.7%
DE Market
YC3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Concordia Financial Group (YC3) 0.4% 0.5% -2.9% -25.3% -18.8% -
DE Banks 8% 4.8% 17.1% -22.3% -2.7% -19.5%
DE Market 2.5% 3.3% 9.2% -6.7% 9% 13.5%
1 Year Return vs Industry and Market
  • YC3 underperformed the Banks industry which returned -22.3% over the past year.
  • YC3 underperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
YC3
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Concordia Financial Group's competitors could be found in our database.

Value

 Is Concordia 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 Concordia 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 Concordia Financial Group.

DB:YC3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 10 analysts.
= Stable Book Value * Return on Equity
= ¥1,005.58 * 5.1%
¥51.45
Book Value of Equity per Share Weighted future Book Value estimates from 10 analysts. ¥1,005.58
Discount Rate (Cost of Equity) See below 8.4%
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 DB:YC3
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 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.591 (1 + (1- 30.86%) (235.01%))
1.37
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.37
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.37 * 5.96%)
8.39%

Discounted Cash Flow Calculation for DB:YC3 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Concordia 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.

DB:YC3 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.1% – 8.39%) * ¥1,005.58)
¥-32.92
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ¥-32.92 / (8.39% - 0.23%)
¥-403.32
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ¥1,005.58 + ¥-403.32
¥602.26
DB:YC3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:YC3 represents 0.00776x of TSE:7186
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00776x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 602.26 x 0.00776
€4.67
Value per share (EUR) From above. €4.67
Current discount Discount to share price of €3.44
= -1 x (€3.44 - €4.67) / €4.67
26.4%

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

Current Discount
Amount off the current price Concordia Financial Group is available for.
Intrinsic value
26%
Share price is €3.44 vs Future cash flow value of €4.67
Current Discount Checks
For Concordia Financial Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Concordia Financial Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Concordia 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 Concordia Financial Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Concordia Financial Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:YC3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥49.91
TSE:7186 Share Price ** TSE (2019-04-18) in JPY ¥443
Germany Banks Industry PE Ratio Median Figure of 6 Publicly-Listed Banks Companies 15.27x
Germany Market PE Ratio Median Figure of 421 Publicly-Listed Companies 19.69x

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

** Primary Listing of Concordia Financial Group.

DB:YC3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:7186 Share Price ÷ EPS (both in JPY)

= 443 ÷ 49.91

8.88x

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

  • Concordia Financial Group is good value based on earnings compared to the DE Banks industry average.
  • Concordia Financial Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Concordia Financial Group's expected growth come at a high price?
Raw Data
DB:YC3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
-0.6%per year
Europe Banks Industry PEG Ratio Median Figure of 111 Publicly-Listed Banks Companies 0.85x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:YC3 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.88x ÷ -0.6%

-15.53x

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

  • Concordia Financial Group earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Concordia Financial Group's assets?
Raw Data
DB:YC3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥912.39
TSE:7186 Share Price * TSE (2019-04-18) in JPY ¥443
Germany Banks Industry PB Ratio Median Figure of 6 Publicly-Listed Banks Companies 0.92x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.87x
DB:YC3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:7186 Share Price ÷ Book Value per Share (both in JPY)

= 443 ÷ 912.39

0.49x

* Primary Listing of Concordia Financial Group.

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

  • Concordia Financial Group is good value based on assets compared to the DE Banks industry average.
X
Value checks
We assess Concordia 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. Concordia Financial Group has a total score of 4/6, 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 Concordia Financial Group expected to perform in the next 1 to 3 years based on estimates from 10 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
-0.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Concordia Financial Group expected to grow at an attractive rate?
  • Concordia Financial Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Concordia Financial Group's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Concordia 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
DB:YC3 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:YC3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts -0.6%
DB:YC3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts -1.6%
Germany Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.2%
Europe Banks Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:YC3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:YC3 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 55,800
2022-03-31 54,500
2021-03-31 234,909 62,758 5
2020-03-31 229,504 61,293 5
2019-03-31 219,053 61,046 2
DB:YC3 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 286,418 62,583
2018-09-30 298,427 -849,804 63,042
2018-06-30 303,425 62,094
2018-03-31 310,964 -1,058,685 66,413
2017-12-31 317,114 69,379
2017-09-30 309,155 -761,469 68,516
2017-06-30 314,588 69,912
2017-03-31 317,916 546,547 126,656

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Concordia Financial Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Concordia 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
DB:YC3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Concordia Financial Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:YC3 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 49.30 49.30 49.30 1.00
2022-03-31 47.10 47.10 47.10 1.00
2021-03-31 51.60 58.95 45.90 11.00
2020-03-31 49.79 53.66 45.50 12.00
2019-03-31 49.01 51.46 47.46 12.00
DB:YC3 Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 49.91
2018-09-30 50.15
2018-06-30 49.19
2018-03-31 52.36
2017-12-31 54.43
2017-09-30 53.51
2017-06-30 54.38
2017-03-31 98.09

*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.
  • Concordia 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 Concordia 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.
Concordia Financial Group has a total score of 0/6, 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 Concordia 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 Concordia 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.
  • Unable to establish if Concordia Financial Group's year on year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
  • Unable to compare Concordia Financial Group's 1-year earnings growth to the 5-year average as it has been trading publicly for less than 3 years.
  • Concordia Financial Group's 1-year earnings growth is negative, it can't be compared to the DE Banks industry average.
Earnings and Revenue History
Concordia 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 Concordia Financial Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:YC3 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 286,418.00 62,583.00 133,182.00
2018-09-30 298,427.00 63,042.00 133,405.00
2018-06-30 303,425.00 62,094.00 133,568.00
2018-03-31 310,964.00 66,413.00 133,895.00
2017-12-31 317,114.00 69,379.00 133,870.00
2017-09-30 309,155.00 68,516.00 134,277.00
2017-06-30 314,588.00 69,912.00 134,508.00
2017-03-31 317,916.00 126,656.00 135,120.00

*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.
  • Concordia Financial Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Concordia Financial Group used its assets less efficiently than the DE Banks industry average last year based on Return on Assets.
  • Unable to establish if Concordia 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 Concordia 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.
Concordia 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 Concordia 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 Concordia 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 Concordia Financial Group Company Filings, last reported 3 months ago.

DB:YC3 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,139,841.00 1,274,958.00 2,653,267.00
2018-09-30 1,179,161.00 1,247,729.00 2,970,398.00
2018-06-30 1,157,227.00 1,393,888.00 3,051,382.00
2018-03-31 1,154,001.00 1,550,910.00 2,960,202.00
2017-12-31 1,169,944.00 1,842,081.00 2,931,231.00
2017-09-30 1,144,148.00 1,885,490.00 2,860,607.00
2017-06-30 1,132,534.00 1,743,622.00 2,993,888.00
2017-03-31 1,113,701.00 2,051,055.00 3,213,740.00
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.
  • Concordia Financial Group has an acceptable proportion of non-loan assets held.
  • Concordia Financial Group's liabilities are made up of primarily low risk sources of funding.
  • Loans at Concordia Financial Group are broadly funded by customer deposits.
  • Concordia Financial Group's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Concordia Financial Group has a low allowance for bad loans.
  • Concordia Financial Group has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Concordia 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. Concordia Financial Group has a total score of 5/6, 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 Concordia 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
3.61%
Current annual income from Concordia Financial Group dividends. Estimated to be 3.71% next year.
If you bought €2,000 of Concordia Financial Group shares you are expected to receive €72 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?
  • Concordia Financial Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Concordia Financial Group's dividend is below the markets top 25% of dividend payers in Germany (3.74%).
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
DB:YC3 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 10 Analyst Estimates (S&P Global) See Below
Germany Banks Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:YC3 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 15.50 1.00
2022-03-31 15.50 1.00
2021-03-31 16.68 11.00
2020-03-31 16.33 12.00
2019-03-31 15.92 12.00
DB:YC3 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-07 16.000 3.620
2019-02-05 16.000 3.612
2018-11-14 16.000 3.449
2018-11-09 16.000 3.054
2018-06-20 15.500 2.846
2018-05-11 15.500 2.460
2018-02-07 13.000 2.145
2018-02-02 13.000 1.998
2017-11-15 13.000 1.970
2017-11-10 13.000 2.214
2017-06-21 13.000 2.326
2017-05-12 13.000 2.449
2017-02-03 13.000 2.329
2016-11-14 13.000 2.313
2016-08-08 13.000 2.704

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

  • Whilst dividend payments have been stable, Concordia Financial Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Concordia Financial Group only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Concordia Financial Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.8x 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 Concordia Financial Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Concordia Financial Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Concordia Financial Group has a total score of 2/6, 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 Concordia 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.
  • Concordia Financial Group has no CEO, or we have no data on them.
Management Team Tenure

Average tenure of the Concordia Financial Group management team in years:

0.8
Average Tenure
  • The average tenure for the Concordia Financial Group management team is less than 2 years, this suggests a new team.
Management Team

Kenichi Kawamura

TITLE
President & Representative Director
AGE
59
TENURE
0.8 yrs

Tadashi Komine

TITLE
Managing Executive Officer & In Charge of Corporate Planning Department
TENURE
0.6 yrs

Tatsuya Kataoka

TITLE
Executive Officer & GM of Corporate Planning Department
TENURE
1 yrs

Mitsuyoshi Tanaka

TITLE
Executive Officer
TENURE
0.3 yrs

Akira Yamashita

TITLE
Executive Officer
TENURE
1.3 yrs
Board of Directors Tenure

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

3
Average Tenure
60.5
Average Age
  • The tenure for the Concordia Financial Group board of directors is about average.
Board of Directors

Kenichi Kawamura

TITLE
President & Representative Director
AGE
59
TENURE
3 yrs

Yasuyoshi Oya

TITLE
Director
AGE
56
TENURE
3 yrs

Minoru Morio

TITLE
Outside Director
AGE
79
TENURE
3 yrs

Ken Inoue

TITLE
Outside Director
AGE
70
TENURE
3 yrs

Tomoo Ookanda

TITLE
Director
AGE
62
TENURE
0.8 yrs

Yasutaka Nozawa

TITLE
Director
AGE
57
TENURE
0.8 yrs

Naoko Nemoto

TITLE
Outside Director
AGE
58
TENURE
0.8 yrs

Yoji Maekawa

TITLE
Full-Time Audit & Supervisory Board Member
AGE
59
TENURE
3 yrs

Kenjiro Noda

TITLE
Outside Audit & Supervisory Board Member
AGE
72
TENURE
3 yrs

Mizuho Ogata

TITLE
Outside Audit & Supervisory Board Member
AGE
71
TENURE
3 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 Concordia 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. Concordia 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

Concordia Financial Group, Ltd., through its subsidiaries, provides various banking products and services to individual and corporate customers. The company offers deposit products, including current, ordinary, savings, time, and other deposits, as well as deposits at notice. It also provides loans to small- and medium-sized businesses and personal housing loans. In addition, the company offers securities services; leasing and factoring services; consulting, conducting surveys research, and other information services; investment trust management services; investment and financing services for small and medium-sized enterprises; residential-loan-guarantee services; employment placement services; real estate management and appraisal services; and back office, cash dispenser control, credit card, and business parcel delivery services. The company operates through as network of branches, sub-branches, ATMs, representative offices, and corporate sales offices in Japan and internationally. Concordia Financial Group, Ltd. was founded in 2016 and is headquartered in Tokyo, Japan.

Details
Name: Concordia Financial Group, Ltd.
YC3
Exchange: DB
Founded: 2016
¥4,312,155,763
1,224,626,466
Website: http://www.concordia-fg.jp
Address: Concordia Financial Group, Ltd.
Tokyo Nihombashi Tower,
34th floor,
Tokyo,
103-6034,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 7186 Common Shares The Tokyo Stock Exchange JP JPY 01. Apr 2016
DB YC3 Common Shares Deutsche Boerse AG DE EUR 01. Apr 2016
Number of employees
Current staff
Staff numbers
6,363
Concordia Financial Group employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 22:24
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/02/07
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.