OTCPK:HACB.Y

Stock Analysis Report

Executive Summary

The Hachijuni Bank, Ltd. provides various banking products and services.

Snowflake

Fundamentals

Excellent balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

2.6%

HACB.Y

2.7%

US Banks

0.4%

US Market


1 Year Return

-1.3%

HACB.Y

2.7%

US Banks

6.9%

US Market

Return vs Industry: HACB.Y underperformed the US Banks industry which returned 2.7% over the past year.

Return vs Market: HACB.Y underperformed the US Market which returned 6.9% over the past year.


Shareholder returns

HACB.YIndustryMarket
7 Day2.6%2.7%0.4%
30 Day6.8%0.7%-1.1%
90 Day6.1%3.0%-0.5%
1 Year-1.3%-1.3%5.7%2.7%9.3%6.9%
3 Year-18.3%-18.3%52.1%41.6%45.8%36.4%
5 Year-23.0%-23.0%69.2%50.7%62.9%45.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

9.95x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: HACB.Y ($43.08) is trading above our estimate of fair value ($11.01)

Significantly Undervalued: HACB.Y is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HACB.Y is good value based on its PE Ratio (10x) compared to the Banks industry average (12.6x).

PE vs Market: HACB.Y is good value based on its PE Ratio (10x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: HACB.Y's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: HACB.Y is good value based on its PB Ratio (0.3x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Hachijuni Bank forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-5.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HACB.Y's earnings are forecast to decline over the next 3 years (-5.6% per year).

Earnings vs Market: HACB.Y's earnings are forecast to decline over the next 3 years (-5.6% per year).

High Growth Earnings: HACB.Y's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if HACB.Y's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if HACB.Y's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: HACB.Y's Return on Equity is forecast to be low in 3 years time (2.6%).


Next Steps

Past Performance

How has Hachijuni Bank performed over the past 5 years?

-3.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: HACB.Y's earnings have declined by -3.6% per year over the past 5 years.

Accelerating Growth: HACB.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HACB.Y had negative earnings growth (-2.6%) over the past year, making it difficult to compare to the Banks industry average (29.6%).


Return on Equity

High ROE: HACB.Y's Return on Equity (3.1%) is considered low.


Return on Assets

ROA vs Industry: HACB.Y's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate HACB.Y's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Hachijuni 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: HACB.Y has a low level of unsold assets or inventory.

Debt Coverage by Assets: HACB.Y's debt is not covered by short term assets (assets are 0.9x debt).


Financial Institutions Analysis

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

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

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

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

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

Level of Bad Loans: HACB.Y has an appropriate level of bad loans (1.4%)


Next Steps

Dividend

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

3.09%

Current Dividend Yield


Dividend Yield vs Market

company3.1%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Years3.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: HACB.Y's dividend (3.09%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: HACB.Y's dividend (3.09%) is low compared to the top 25% of dividend payers in the US market (3.73%).

Stable Dividend: HACB.Y's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.8%), HACB.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

What is the CEO of Hachijuni Bank's salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average management tenure


CEO

Shoichi Yumoto (63yo)

6.3yrs

Tenure

0

Apr. 1980: Joined Hachijuni Bank, Ltd. Jun. 2000: General Manager, Nakano-nishi Branch, proceeded to General Manager, Shimosuwa Branch, General Manager, Nagoya Branch, General Manager, Financial Market De ...


Management Age and Tenure

1.3yrs

Average Tenure

60.5yo

Average Age

Experienced Management: HACB.Y's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Age and Tenure

2.3yrs

Average Tenure

59.5yo

Average Age

Experienced Board: HACB.Y's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Yoshiyuki Yamaura (73yo)

    Executive Chairman of the Board

    • Tenure: 6.3yrs
  • Fumiaki Magaribuchi (65yo)

    Deputy President & Director

    • Tenure: 0yrs
  • Shoichi Yumoto (63yo)

    President & Director

    • Tenure: 6.3yrs
  • Teruyuki Koike (62yo)

    MD & Director

    • Tenure: 0yrs
  • Masaki Matsushita (60yo)

    Deputy President & Director

    • Tenure: 4.3yrs
  • Muneo Yoshie (59yo)

    MD, General Manager Matsumoto Sales Department & Director

    • Tenure: 2.3yrs
  • Hideo Funami (61yo)

    MD & Director

    • Tenure: 2.3yrs
  • Yuichi Sato (59yo)

    MD & Director

    • Tenure: 1.3yrs
  • Hiroyuki Miyahara (57yo)

    MD & Director

    • Tenure: 0.3yrs
  • Takahiko Asai (56yo)

    MD & Director

    • Tenure: 0.3yrs

Board Members

  • Yoshiyuki Yamaura (73yo)

    Executive Chairman of the Board

    • Tenure: 6.3yrs
  • Shoichi Yumoto (63yo)

    President & Director

    • Tenure: 6.3yrs
  • Masaki Matsushita (60yo)

    Deputy President & Director

    • Tenure: 4.3yrs
  • Kayo Tashita (56yo)

    Outside Director

    • Tenure: 3.3yrs
  • Muneo Yoshie (59yo)

    MD, General Manager Matsumoto Sales Department & Director

    • Tenure: 2.3yrs
  • Sokichi Kurosawa (83yo)

    Outside Director

    • Tenure: 2.3yrs
  • Hideo Funami (61yo)

    MD & Director

    • Tenure: 2.3yrs
  • Yuichi Sato (59yo)

    MD & Director

    • Tenure: 1.3yrs
  • Hiroyuki Miyahara (57yo)

    MD & Director

    • Tenure: 0.3yrs
  • Takahiko Asai (56yo)

    MD & Director

    • Tenure: 0.3yrs

Company Information

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


Key Information

  • Name: The Hachijuni Bank, Ltd.
  • Ticker: HACB.Y
  • Exchange: OTCPK
  • Founded: 1931
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: JP¥224.692b
  • Listing Market Cap: JP¥2.071b
  • Shares outstanding: 496.01m
  • Website: https://www.82bank.co.jp

Number of Employees


Location

  • The Hachijuni Bank, Ltd.
  • 178-8, Okada
  • Nagano
  • Nagano
  • 380-8682
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HACB.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992
8359TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
HACB.YOTCPK (Pink Sheets LLC)ADRUSUSDNov 1992

Biography

The Hachijuni Bank, Ltd. provides various banking products and services. It accepts various deposits; and provides loan products. As of March 31, 2019, the company operated 167 branches in Japan; 1 oversea ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 23:42
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
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.