OTCPK:CHBA.Y

Stock Analysis Report

Executive Summary

The Chiba Bank, Ltd., together with its subsidiaries, provides banking products and services in Japan and internationally.

Rewards

PE ratio (9.2x) is below the US market (17.7x)

Pays a reliable dividend of 3.27%

Risk Analysis

No risks detected for CHBA.Y from our risk checks.


Snowflake Analysis

Excellent balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Chiba Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CHBA.Y has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.9%

CHBA.Y

-3.4%

US Banks

-4.2%

US Market


1 Year Return

n/a

CHBA.Y

6.9%

US Banks

14.0%

US Market

Return vs Industry: Insufficient data to determine how CHBA.Y performed against the US Banks industry.

Return vs Market: Insufficient data to determine how CHBA.Y performed against the US Market.


Shareholder returns

CHBA.YIndustryMarket
7 Day-1.9%-3.4%-4.2%
30 Dayn/a-2.8%-1.8%
90 Dayn/a-4.1%2.6%
1 Yearn/a10.0%6.9%16.3%14.0%
3 Year-23.5%-24.2%19.6%11.0%43.2%34.0%
5 Yearn/a66.5%47.6%65.9%47.6%

Price Volatility Vs. Market

How volatile is Chiba Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Chiba Bank undervalued compared to its fair value and its price relative to the market?

9.23x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CHBA.Y ($27.07) is trading above our estimate of fair value ($22.1)

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


Price To Earnings Ratio

PE vs Industry: CHBA.Y is good value based on its PE Ratio (9.2x) compared to the Banks industry average (12.4x).

PE vs Market: CHBA.Y is good value based on its PE Ratio (9.2x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: CHBA.Y is poor value based on its PEG Ratio (11.3x)


Price to Book Ratio

PB vs Industry: CHBA.Y is good value based on its PB Ratio (0.5x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Chiba Bank forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

0.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CHBA.Y's forecast earnings growth (0.8% per year) is below the savings rate (1.7%).

Earnings vs Market: CHBA.Y's earnings (0.8% per year) are forecast to grow slower than the US market (13.1% per year).

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

Revenue vs Market: CHBA.Y's revenue is expected to decline over the next 3 years (-3.1% per year).

High Growth Revenue: CHBA.Y's revenue is forecast to decline over the next 3 years (-3.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CHBA.Y's Return on Equity is forecast to be low in 3 years time (5.2%).


Next Steps

Past Performance

How has Chiba Bank performed over the past 5 years?

-2.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CHBA.Y has high quality earnings.

Growing Profit Margin: CHBA.Y's current net profit margins (23.4%) are lower than last year (24.1%).


Past Earnings Growth Analysis

Earnings Trend: CHBA.Y's earnings have declined by -2.4% per year over the past 5 years.

Accelerating Growth: CHBA.Y's earnings growth over the past year (2.6%) exceeds its 5-year average (-2.4% per year).

Earnings vs Industry: CHBA.Y earnings growth over the past year (2.6%) underperformed the Banks industry 12%.


Return on Equity

High ROE: CHBA.Y's Return on Equity (5.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Chiba Bank'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

Inventory Level: CHBA.Y has a low level of unsold assets or inventory.

Debt Coverage by Assets: CHBA.Y's debt is covered by short term assets (assets are 1.9x debt).


Financial Institutions Analysis

Asset Level: CHBA.Y's level of assets compared to its equity is moderate.

Allowance for Bad Loans: CHBA.Y has a low allowance for bad loans.

Low Risk Liabilities: CHBA.Y's liabilities are made up of primarily low risk sources of funding.

Loan Level: CHBA.Y has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CHBA.Y's loans are broadly funded by customer deposits.

Level of Bad Loans: CHBA.Y has an appropriate level of bad loans (1.11%)


Next Steps

Dividend

What is Chiba Bank's current dividend yield, its reliability and sustainability?

3.27%

Current Dividend Yield


Dividend Yield vs Market

company3.3%marketbottom25%1.5%markettop25%3.8%industryaverage3.0%forecastin3Years2.9%

Current dividend yield vs market & industry

Notable Dividend: CHBA.Y's dividend (3.27%) is higher than the bottom 25% of dividend payers in the US market (1.48%).

High Dividend: CHBA.Y's dividend (3.27%) is low compared to the top 25% of dividend payers in the US market (3.77%).


Stability and Growth of Payments

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

Growing Dividend: CHBA.Y's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.2%), CHBA.Y'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

Hidetoshi Sakuma (67yo)

1.7yrs

Tenure

0

Mr. Hidetoshi Sakuma has been the President of The Chiba Bank, Ltd. since March 1, 2009 and serves as its Group Chief Executive Officer since June 2018 also its Chairman of the Board of Directors since 201 ...


Leadership Team

NamePositionTenureCompensationOwnership
Hidetoshi Sakuma
President1.7yrsno data0.0073% ¥298.4k
Yukihito Inamura
Deputy President3.7yrsno data0.0020% ¥82.9k
Norio Takatsu
Managing Executive Officer3.7yrsno data0.0023% ¥94.0k
Matsuti Torou
IR Professional0yrsno datano data
Hironaga Fukuo
Executive Officer & GM of Human Resources Division1.1yrsno datano data
Junya Wakabayashi
Managing Executive Officer & Director0.7yrsno data0.0044% ¥182.2k
Satoru Maki
Managing Executive Officer and GM of Head Office & Saiwaicho Sub Branch2.1yrsno datano data
Tsutomu Yonemoto
Senior Managing Executive Officer2.7yrsno data0.0018% ¥71.8k
Chigusa Saito
Executive Officer & GM of Office Planning Division2.7yrsno datano data
Arihiko Totsuka
Managing Executive Officer2.1yrsno datano data

1.7yrs

Average Tenure

56yo

Average Age

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


Board Members

NamePositionTenureCompensationOwnership
Hidetoshi Sakuma
President1.7yrsno data0.0073% ¥298.4k
Yukihito Inamura
Deputy President3.7yrsno data0.0020% ¥82.9k
Norio Takatsu
Managing Executive Officer3.7yrsno data0.0023% ¥94.0k
Junya Wakabayashi
Managing Executive Officer & Director0.7yrsno data0.0044% ¥182.2k
Tsutomu Yonemoto
Senior Managing Executive Officer2.7yrsno data0.0018% ¥71.8k
Yuko Tashima
Outside Director4.7yrsno datano data
Toshikazu Okubo
Standing Audit & Supervisory Board Member3.7yrsno data0.015% ¥624.3k
Yasuko Takayama
Outside Director4.7yrsno datano data
Tomoyuki Yokota
Outside Director2.7yrsno datano data
Tadayoshi Shinozaki
Senior Managing Executive Officer1.7yrsno data0.0014% ¥55.4k

3.7yrs

Average Tenure

57yo

Average Age

Experienced Board: CHBA.Y's board of directors are considered experienced (3.7 years average tenure).


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

The Chiba Bank, Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The Chiba Bank, Ltd.
  • Ticker: CHBA.Y
  • Exchange: OTCPK
  • Founded: 1943
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: JP¥453.858b
  • Listing Market Cap: JP¥4.104b
  • Shares outstanding: 742.81m
  • Website: https://www.chibabank.co.jp

Number of Employees


Location

  • The Chiba Bank, Ltd.
  • 1-2, Chiba-minato
  • Chuo-ku
  • Chiba
  • Chiba
  • 260-8720
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8331TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
CHBA.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992
CHBA.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

The Chiba Bank, Ltd., together with its subsidiaries, provides banking products and services in Japan and internationally. It offers various deposit products; and various loans and bills discounting products. The company also engages in securities, leasing, credit card, and credit guarantee business; management and collection of claims; and outsourcing of operational business. In addition, it rents and maintains office buildings and welfare facilities; purchases and sells supplies and consumer goods; and develops computer systems and commissioned computation tasks. Further, the company provides housing-loan guarantees and fee collection services; consulting services for portfolio investments of client financial assets; information and survey services; and accounting and administration, and temporary staff services. Additionally, it engages in the investigation and research of advanced financial technologies; and planning and development of financial services. The company serves individuals and SMEs. As of March 31, 2019, it operated approximately 182 offices, including 158 branches, 21 sub-branches, and 3 virtual branches; 49,479 off-branch ATM locations; 3 money exchange counters; 3 branches in New York, Hong Kong, and London; and 3 representative offices in Shanghai, Singapore, and Bangkok. The Chiba Bank, Ltd. was founded in 1943 and is headquartered in Chiba, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 01:21
End of Day Share Price2020/02/20 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.