NYSE:MFG

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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, Asia/Oceania, and internationally.


Snowflake Analysis

Good value 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: MFG has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

7.1%

MFG

3.1%

US Banks

0.5%

US Market


1 Year Return

-7.5%

MFG

-15.2%

US Banks

18.7%

US Market

Return vs Industry: MFG exceeded the US Banks industry which returned -15.2% over the past year.

Return vs Market: MFG underperformed the US Market which returned 18.7% over the past year.


Shareholder returns

MFGIndustryMarket
7 Day7.1%3.1%0.5%
30 Day6.2%5.7%4.9%
90 Day21.3%20.1%19.8%
1 Year-3.3%-7.5%-12.2%-15.2%21.2%18.7%
3 Year-12.3%-21.1%-7.2%-14.8%46.2%36.8%
5 Year-18.0%-30.0%20.9%6.0%85.3%65.1%

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?

8.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MFG ($2.73) is trading above our estimate of fair value ($1.94)

Significantly Below Fair Value: MFG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MFG is good value based on its PE Ratio (9x) compared to the US Banks industry average (10x).

PE vs Market: MFG is good value based on its PE Ratio (9x) compared to the US market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: MFG is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: MFG is good value based on its PB Ratio (0.4x) compared to the US 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 9 analysts?

9.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MFG's forecast earnings growth (9.7% per year) is above the savings rate (2.2%).

Earnings vs Market: MFG's earnings (9.7% per year) are forecast to grow slower than the US market (24.1% per year).

High Growth Earnings: MFG's earnings are forecast to grow, but not significantly.

Revenue vs Market: MFG's revenue is expected to decline over the next 3 years (-1.2% per year).

High Growth Revenue: MFG's revenue is forecast to decline over the next 3 years (-1.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MFG's Return on Equity is forecast to be low in 3 years time (5.1%).


Next Steps

Past Performance

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

-19.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MFG has high quality earnings.

Growing Profit Margin: MFG's current net profit margins (16.7%) are higher than last year (3.8%).


Past Earnings Growth Analysis

Earnings Trend: MFG's earnings have declined by 19.9% per year over the past 5 years.

Accelerating Growth: MFG's earnings growth over the past year (320.3%) exceeds its 5-year average (-19.9% per year).

Earnings vs Industry: MFG earnings growth over the past year (320.3%) exceeded the Banks industry -2.9%.


Return on Equity

High ROE: MFG's Return on Equity (4.7%) 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: MFG's Assets to Equity ratio (25.3x) is very high.

Allowance for Bad Loans: MFG has a low allowance for bad loans (59%).

Low Risk Liabilities: 71% of MFG's liabilities are made up of primarily low risk sources of funding.

Loan Level: MFG has an appropriate level of Loans to Assets ratio (40%).

Low Risk Deposits: MFG's Loans to Deposits ratio (59%) is appropriate.

Level of Bad Loans: MFG has an appropriate level of bad loans (0.9%).


Next Steps

Dividend

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

5.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MFG's dividend (5.19%) is higher than the bottom 25% of dividend payers in the US market (1.59%).

High Dividend: MFG's dividend (5.19%) is in the top 25% of dividend payers in the US market (4.31%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.6%), MFG'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?

2.3yrs

Average management tenure


CEO

Tatsufumi Sakai (61 yo)

2.33yrs

Tenure

Mr. Tatsufumi Sakai is the President, Group Chief Executive Officer and Representative Executive Officer at Mizuho Financial Group, Inc. since April 1, 2018 and has been its Director since June 2018. Mr. S ...


Leadership Team

NamePositionTenureCompensationOwnership
Tatsufumi Sakai
President2.33yrsno data0.0015%
¥ 507.0k
Makoto Umemiya
Sr. Managing Exec. Officer3.17yrsno data0.00031%
¥ 106.2k
Satoshi Ishii
Sr. Managing Exec. Officer1.17yrsno data0.0011%
¥ 390.6k
Masaomi Takada
Managing Executive Officer & Head of Compliance Group0.33yrno data0.000020%
¥ 6.9k
Hiroaki Ehara
Managing Executive Officer1.17yrsno data0.00037%
¥ 126.8k
Koji Arita
Managing Executive Officer & Deputy Head of Operations Group1.58yrsno datano data
Masahiro Otsuka
Senior Managing Executive Officer and Head of Retail & Business Banking Company5.33yrsno data0.00061%
¥ 209.0k
Scott Paul
Head of Pan-Asian Fixed-Income Sales Team In Securities Business5.92yrsno datano data
Masamichi Ishikawa
Managing Executive Officer & Head of Asset Management Company0.33yrno data0.00031%
¥ 106.2k
Guy Reid
Head of European Debt Syndicateno datano datano data
Seiji Imai
Sr. Managing Exec. Officer4.33yrsno data0.00071%
¥ 243.2k
Motonori Wakabayashi
Senior Managing Executive Officer1.17yrsno data0.00024%
¥ 82.2k

2.3yrs

Average Tenure

56yo

Average Age

Experienced Management: MFG's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Tatsufumi Sakai
President2.33yrsno data0.0015%
¥ 507.0k
Makoto Umemiya
Sr. Managing Exec. Officer3.17yrsno data0.00031%
¥ 106.2k
Satoshi Ishii
Sr. Managing Exec. Officer1.17yrsno data0.0011%
¥ 390.6k
Hiroaki Ehara
Managing Executive Officer1.17yrsno data0.00037%
¥ 126.8k
Motonori Wakabayashi
Senior Managing Executive Officer1.17yrsno data0.00024%
¥ 82.2k
Yoshimitsu Kobayashi
Outside Independent Director0.17yrno datano data
Masami Yamamoto
Outside Independent Director1.17yrsno data0.00011%
¥ 37.7k
Tetsuo Seki
Outside Independent Director5.17yrsno data0.00024%
¥ 82.2k
Yasuhiro Sato
Internal Non-Executive Director11.17yrsno data0.0040%
¥ 1.4m
Izumi Kobayashi
Independent Chairman of the Board0.17yrno data0.000070%
¥ 24.0k
Hisaaki Hirama
Internal Non-Executive Director1.17yrsno data0.00068%
¥ 233.0k
Tatsuo Kainaka
Outside Independent Director6.17yrsno data0.00012%
¥ 41.1k

1.2yrs

Average Tenure

61yo

Average Age

Experienced Board: MFG's board of directors are not considered experienced ( 1.2 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: MFG
  • Exchange: NYSE
  • Founded: 2003
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: JP¥3.662t
  • Listing Market Cap: JP¥34.260b
  • 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, Asia/Oceania, and int ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 11:29
End of Day Share Price2020/08/13 00:00
Earnings2020/06/30
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.