Shimizu Bank Valuation

Is 8364 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 8364 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8364 (¥1485) is trading below our estimate of fair value (¥2069.11)

Significantly Below Fair Value: 8364 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8364?

Key metric: As 8364 is an unprofitable bank we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for 8364. This is calculated by dividing 8364's market cap by their current book value.
What is 8364's PB Ratio?
PB Ratio	0.2x
Book	JP¥76.48b
Market Cap	JP¥17.14b

8364 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does 8364's PB Ratio compare to its peers?

The above table shows the PB ratio for 8364 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	0.2x
8338 Tsukuba Bank	0.2x	n/a	JP¥19.8b
8537 Taiko BankLtd	0.2x	n/a	JP¥13.7b
8558 Towa Bank	0.2x	n/a	JP¥23.4b
8542 Tomato Bank	0.2x	n/a	JP¥13.0b
8364 Shimizu Bank	0.2x	n/a	JP¥17.1b

Price-To-Book vs Peers: 8364 is expensive based on its Price-To-Book Ratio (0.2x) compared to the peer average (0.2x).

Price to Book Ratio vs Industry

How does 8364's PB Ratio compare vs other companies in the JP Banks Industry?

2 Companies	Price / Book	Estimated Growth	Market Cap
7161 Jimoto Holdings	0.1x	n/a	US$53.02m
8560 Miyazaki Taiyo Bank	0.1x	n/a	US$42.09m

No more companies available in this PB range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: 8364 is good value based on its Price-To-Book Ratio (0.2x) compared to the JP Banks industry average (0.3x).

Price to Book Ratio vs Fair Ratio

What is 8364's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

8364 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	0.2x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate 8364's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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