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Gunma Bank

OTCPK:GMBK.F
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GMBK.F
OTCPK
¥166B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

The Gunma Bank, Ltd. provides various banking and financial services primarily in Japan. The last earnings update was 20 days ago. More info.


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GMBK.F Share Price and Events
7 Day Returns
0%
OTCPK:GMBK.F
0.3%
US Banks
0.8%
US Market
1 Year Returns
-
OTCPK:GMBK.F
-2.5%
US Banks
4.8%
US Market
GMBK.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gunma Bank (GMBK.F) 0% 0% - - - -
US Banks 0.3% 4% 2.2% -2.5% 47.8% 48.2%
US Market 0.8% 4.3% 2.8% 4.8% 37.9% 43.5%
1 Year Return vs Industry and Market
  • No trading data on GMBK.F.
  • No trading data on GMBK.F.
Price Volatility
GMBK.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Gunma Bank's competitors could be found in our database.

GMBK.F Value

 Is Gunma Bank 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 Gunma Bank 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 Gunma Bank.

OTCPK:GMBK.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= ¥1,298.68 * 5.4%
¥70.48
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. ¥1,298.68
Discount Rate (Cost of Equity) See below 12.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:GMBK.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.597 (1 + (1- 30.86%) (321.75%))
1.619
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.62
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.619 * 5.96%)
12.38%

Discounted Cash Flow Calculation for OTCPK:GMBK.F using Excess Returns Model Model

The calculations below outline how an intrinsic value for Gunma Bank 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.

OTCPK:GMBK.F Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.4% – 12.38%) * ¥1,298.68)
¥-90.30
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ¥-90.30 / (12.38% - 2.73%)
¥-935.72
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ¥1,298.68 + ¥-935.72
¥362.95
OTCPK:GMBK.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:GMBK.F represents 0.00946x of TSE:8334
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00946x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 362.95 x 0.00946
$3.43
Value per share (USD) From above. $3.43
Current discount Discount to share price of $3.68
= -1 x ($3.68 - $3.43) / $3.43
-7.2%

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

  • The current share price of Gunma Bank is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Gunma Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gunma Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:GMBK.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥54.12
TSE:8334 Share Price ** TSE (2019-06-11) in JPY ¥389
United States of America Banks Industry PE Ratio Median Figure of 592 Publicly-Listed Banks Companies 12.88x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 18.01x

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

** Primary Listing of Gunma Bank.

OTCPK:GMBK.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8334 Share Price ÷ EPS (both in JPY)

= 389 ÷ 54.12

7.19x

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

  • Gunma Bank is good value based on earnings compared to the US Banks industry average.
  • Gunma Bank is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Gunma Bank's expected growth come at a high price?
Raw Data
OTCPK:GMBK.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-3.4%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.28x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

OTCPK:GMBK.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.19x ÷ -3.4%

-2.11x

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

  • Gunma Bank 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 Gunma Bank's assets?
Raw Data
OTCPK:GMBK.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥1,233.35
TSE:8334 Share Price * TSE (2019-06-11) in JPY ¥389
United States of America Banks Industry PB Ratio Median Figure of 592 Publicly-Listed Banks Companies 1.21x
United States of America Market PB Ratio Median Figure of 5,240 Publicly-Listed Companies 1.81x
OTCPK:GMBK.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8334 Share Price ÷ Book Value per Share (both in JPY)

= 389 ÷ 1,233.35

0.32x

* Primary Listing of Gunma Bank.

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

  • Gunma Bank is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Gunma Bank'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. Gunma Bank has a total score of 3/6, 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.

GMBK.F Future Performance

 How is Gunma Bank expected to perform in the next 1 to 3 years based on estimates from 2 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
-3.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gunma Bank expected to grow at an attractive rate?
  • Gunma Bank's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Gunma Bank's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Unable to compare Gunma Bank's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:GMBK.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:GMBK.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -3.4%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 2.7%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*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
OTCPK:GMBK.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:GMBK.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 21,150
2021-03-31 20,900
2020-03-31 148,000 20,850 1
OTCPK:GMBK.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 131,399 -15,141 23,321
2018-12-31 139,889 25,936
2018-09-30 138,530 -238,951 25,644
2018-06-30 136,962 25,002
2018-03-31 140,122 -453,389 28,366
2017-12-31 138,533 27,213
2017-09-30 141,447 -362,265 28,916
2017-06-30 142,639 29,741
2017-03-31 132,608 -54,718 26,304
2016-12-31 131,903 30,003
2016-09-30 128,845 -42,773 29,400
2016-06-30 129,512 30,764

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gunma Bank's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Gunma Bank is high growth as no revenue estimate data is available.
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
OTCPK:GMBK.F 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 2 Analyst Estimates (S&P Global) See Below

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

OTCPK:GMBK.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 51.30 54.60 48.00 2.00
2021-03-31 49.55 50.80 48.30 2.00
2020-03-31 49.75 50.00 49.50 2.00
OTCPK:GMBK.F Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 54.12
2018-12-31 59.94
2018-09-30 59.15
2018-06-30 57.62
2018-03-31 65.27
2017-12-31 62.47
2017-09-30 66.14
2017-06-30 67.59
2017-03-31 59.46
2016-12-31 67.51
2016-09-30 65.86
2016-06-30 68.78

*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.
  • Gunma Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Gunma Bank'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Gunma Bank 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.

GMBK.F Past Performance

  How has Gunma Bank 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 Gunma Bank'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.
  • Gunma Bank's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Gunma Bank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Gunma Bank's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.
Earnings and Revenue History
Gunma Bank'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 Gunma Bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:GMBK.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 131,399.00 23,321.00 59,111.00
2018-12-31 139,889.00 25,936.00 59,654.00
2018-09-30 138,530.00 25,644.00 59,933.00
2018-06-30 136,962.00 25,002.00 60,326.00
2018-03-31 140,122.00 28,366.00 60,969.00
2017-12-31 138,533.00 27,213.00 61,514.00
2017-09-30 141,447.00 28,916.00 61,662.00
2017-06-30 142,639.00 29,741.00 61,819.00
2017-03-31 132,608.00 26,304.00 61,672.00
2016-12-31 131,903.00 30,003.00 60,257.00
2016-09-30 128,845.00 29,400.00 59,287.00
2016-06-30 129,512.00 30,764.00 58,440.00
2016-03-31 129,491.00 28,616.00 57,472.00
2015-12-31 128,974.00 28,971.00 57,744.00
2015-09-30 128,285.00 28,540.00 58,173.00
2015-06-30 126,544.00 27,458.00 58,679.00
2015-03-31 124,300.00 25,910.00 59,079.00
2014-12-31 126,049.00 22,695.00 58,694.00
2014-09-30 125,978.00 21,720.00 58,647.00
2014-06-30 125,883.00 21,347.00 58,565.00
2014-03-31 126,376.00 19,894.00 58,525.00
2013-12-31 132,229.00 24,277.00 58,757.00
2013-09-30 134,133.00 25,372.00 59,273.00
2013-06-30 128,291.00 21,445.00 59,328.00
2013-03-31 125,230.00 20,604.00 59,435.00
2012-12-31 120,852.00 21,539.00 60,191.00
2012-09-30 115,926.00 18,086.00 60,039.00

*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.
  • Gunma Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Gunma Bank used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Gunma Bank 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 Gunma Bank'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.
Gunma Bank has a total score of 1/6, 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.

GMBK.F Health

 How is Gunma Bank'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 Gunma Bank'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 Gunma Bank Company Filings, last reported 3 months ago.

OTCPK:GMBK.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 531,957.00 534,208.00 754,173.00
2018-12-31 516,479.00 505,114.00 806,647.00
2018-09-30 545,171.00 487,636.00 728,500.00
2018-06-30 536,000.00 453,165.00 718,279.00
2018-03-31 536,612.00 527,245.00 574,357.00
2017-12-31 548,194.00 628,760.00 676,553.00
2017-09-30 540,674.00 649,509.00 515,005.00
2017-06-30 529,834.00 688,203.00 580,160.00
2017-03-31 526,179.00 701,374.00 540,907.00
2016-12-31 527,094.00 699,899.00 467,836.00
2016-09-30 507,367.00 608,613.00 408,007.00
2016-06-30 499,889.00 582,630.00 447,926.00
2016-03-31 507,725.00 580,170.00 336,682.00
2015-12-31 529,143.00 624,670.00 337,071.00
2015-09-30 517,351.00 594,524.00 294,435.00
2015-06-30 533,805.00 540,825.00 282,042.00
2015-03-31 523,534.00 644,852.00 165,992.00
2014-12-31 510,727.00 596,787.00 146,798.00
2014-09-30 492,562.00 536,162.00 104,112.00
2014-06-30 475,471.00 443,174.00 197,502.00
2014-03-31 467,798.00 465,356.00 127,847.00
2013-12-31 479,603.00 452,370.00 180,776.00
2013-09-30 466,753.00 414,421.00 134,686.00
2013-06-30
2013-03-31 445,757.00 350,073.00 94,820.00
2012-12-31 418,886.00 379,014.00 170,264.00
2012-09-30 398,288.00 380,371.00 165,727.00
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.
  • Gunma Bank has an acceptable proportion of non-loan assets held.
  • Gunma Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Gunma Bank are broadly funded by customer deposits.
  • Gunma Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Gunma Bank has a low allowance for bad loans.
  • Gunma Bank has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Gunma Bank'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. Gunma Bank 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.

GMBK.F Dividends

 What is Gunma Bank'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
3.34%
Current annual income from Gunma Bank dividends. Estimated to be 3.34% next year.
If you bought $2,000 of Gunma Bank shares you are expected to receive $67 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?
  • Gunma Bank's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • Gunma Bank's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
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
OTCPK:GMBK.F 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 2 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2018 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America 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.

OTCPK:GMBK.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 13.00 2.00
2021-03-31 13.00 2.00
2020-03-31 13.00 3.00
OTCPK:GMBK.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-25 13.000 3.358
2018-05-09 14.000 2.789
2018-02-05 12.000 1.901
2018-02-02 12.000 1.722
2017-11-21 12.000 1.763
2017-11-08 12.000 1.783
2017-06-29 12.000 1.785
2016-06-24 12.000 2.236
2016-05-13 12.000 2.901
2016-02-02 11.000 2.299
2015-06-24 11.000 1.422
2015-05-12 11.000 1.260
2014-09-25 9.500 1.266
2014-06-25 9.500 1.559
2014-05-09 9.500 1.718
2014-02-07 9.500 1.762
2013-06-25 9.500 1.670
2013-05-10 9.500 1.811
2013-02-08 8.500 1.557
2012-11-09 8.500 2.049
2012-08-06 8.500 2.133
2012-06-26 8.500 2.247
2012-05-11 8.500 2.389
2012-02-07 9.000 2.102
2011-11-09 9.000 2.147
2011-08-05 9.000 2.206
2011-06-24 9.000 2.123
2011-05-13 9.000 2.188
2011-02-08 7.500 1.629
2010-08-06 7.500 1.697
2010-06-25 7.500 1.580
2010-05-14 7.500 1.573
2010-02-09 7.000 1.406
2009-11-13 7.000 1.430
2009-08-07 6.000 1.218
2009-06-25 6.000 1.123
2009-05-15 6.000 1.160
2009-02-09 7.000 1.368
2008-11-14 7.000 1.313

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Gunma Bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.2x 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 Gunma Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Gunma Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gunma Bank has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GMBK.F Management

 What is the CEO of Gunma Bank'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.
CEO
Akihiko Fukai
AGE 59
TENURE AS CEO 0.5 years
CEO Bio

Mr. Akihiro Fukai is a Chief Executive Officer of Gunma Bank, Ltd., until 2019. • April 1984 - Joined Gunma Bank, Ltd. • June 2003 - General Manager, Osaka Branch. • June 2005 - General Manager, Kiryu Branch. • June 2007 - General Manager, Ota Branch. • June 2009 - General Manager, Risk Management Department. • June 2011 - General Manager, Corporate Planning Department. • June 2013 - Director and General Manager, Corporate Planning Department. • June 2014 - Managing Director and General Manager, Business Planning & Administration Department. • June 2015 - Managing Director and in charge of Corporate Planning Department, Systems Development Department and Tokyo Liaison Office. • June 2016 - Managing Director and in charge of Corporate Planning Department, Systems Development Department, Tokyo Liaison Office and Secretariat.

CEO Compensation
  • Insufficient data for Akihiko to compare compensation growth.
  • Insufficient data for Akihiko to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Gunma Bank management team in years:

2.1
Average Tenure
63
Average Age
  • The tenure for the Gunma Bank management team is about average.
Management Team

Akihiko Fukai

TITLE
CEO & Director
AGE
59
TENURE
0.5 yrs

Kazuo Saito

TITLE
Director
AGE
70
TENURE
8.1 yrs

Satoshi Inoue

TITLE
Managing Executive Officer
AGE
59
TENURE
2.1 yrs

Yasuaki Ishikawa

TITLE
IR Contact (Senior Deputy General Manager)

Hisao Tsunoda

TITLE
Senior MD & Director

Hiroshi Kurihara

TITLE
MD & Director

Nobuyuki Horie

TITLE
Senior MD & Director
AGE
63

Yoichi Hirasawa

TITLE
Managing Director
AGE
64

Yuji Kanai

TITLE
Managing Director
AGE
63

Satoshi Hanasaki

TITLE
MD & Director
AGE
61
TENURE
2.1 yrs
Board of Directors Tenure

Average tenure and age of the Gunma Bank board of directors in years:

1.1
Average Tenure
60
Average Age
  • The average tenure for the Gunma Bank board of directors is less than 3 years, this suggests a new board.
Board of Directors

Akihiko Fukai

TITLE
CEO & Director
AGE
59
TENURE
6.1 yrs

Kazuo Saito

TITLE
Director
AGE
70
TENURE
14.1 yrs

Satoshi Inoue

TITLE
Managing Executive Officer
AGE
59
TENURE
0.1 yrs

Hisao Tsunoda

TITLE
Senior MD & Director

Hiroshi Kurihara

TITLE
MD & Director

Nobuyuki Horie

TITLE
Senior MD & Director
AGE
63
TENURE
7.1 yrs

Satoshi Hanasaki

TITLE
MD & Director
AGE
61
TENURE
1.1 yrs

Yukio Yuasa

TITLE
Managing Executive Officer & Director
AGE
60
TENURE
0.1 yrs

Hiroyuki Irisawa

TITLE
Managing Executive Officer
AGE
59
TENURE
0.1 yrs

Shusuke Nakamura

TITLE
Executive Officer
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Gunma Bank'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. Gunma Bank 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.

GMBK.F News

Simply Wall St News

GMBK.F Company Info

Description

The Gunma Bank, Ltd. provides various banking and financial services primarily in Japan. The company is involved in the fund management activities comprising investment in securities and funding in the call market; and accepting deposits and negotiable certificates of deposit, as well as the provision of loans. It also engages in the provision of securities investment, leasing, derivative transaction, proprietary derivative trading, and credit card services. The Gunma Bank, Ltd. was founded in 1932 and is based in Maebashi, Japan.

Details
Name: The Gunma Bank, Ltd.
GMBK.F
Exchange: OTCPK
Founded: 1932
¥1,538,206,721
426,822,708
Website: http://www.gunmabank.co.jp
Address: The Gunma Bank, Ltd.
194, Motosojamachi,
Maebashi,
Gunma, 371-8611,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8334 Common Shares The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK GMBK.F Common Shares Pink Sheets LLC US USD 06. Jan 1992
Number of employees
Current staff
Staff numbers
3,185
Gunma Bank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 23:57
End of day share price update: 2019/06/11 00:00
Last estimates confirmation: 2019/06/27
Last earnings filing: 2019/06/25
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.