OTCPK:SHZU.Y

Stock Analysis Report

Executive Summary

The Shizuoka Bank, Ltd., a regional bank, provides various banking products and services.

Rewards

Trading at 9.3% below its fair value

Pays a reliable dividend of 3.54%

Risk Analysis

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


Snowflake Analysis

Excellent balance sheet average dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-4.1%

SHZU.Y

-7.0%

US Banks

-2.6%

US Market


1 Year Return

n/a

SHZU.Y

-32.9%

US Banks

-13.3%

US Market

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

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


Shareholder returns

SHZU.YIndustryMarket
7 Day-4.1%-7.0%-2.6%
30 Day6.5%-24.6%-15.2%
90 Dayn/a-41.9%-22.2%
1 Yearn/a-30.8%-32.9%-11.5%-13.3%
3 Yearn/a-21.4%-27.3%13.2%5.7%
5 Yearn/a2.7%-9.2%31.8%17.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

7.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SHZU.Y ($65.1) is trading below our estimate of fair value ($71.81)

Significantly Below Fair Value: SHZU.Y is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SHZU.Y is poor value based on its PE Ratio (8.6x) compared to the Banks industry average (8.5x).

PE vs Market: SHZU.Y is good value based on its PE Ratio (8.6x) compared to the US market (12.2x).


Price to Earnings Growth Ratio

PEG Ratio: SHZU.Y is poor value based on its PEG Ratio (6x)


Price to Book Ratio

PB vs Industry: SHZU.Y is good value based on its PB Ratio (0.3x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

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

1.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SHZU.Y's forecast earnings growth (1.4% per year) is below the savings rate (1.7%).

Earnings vs Market: SHZU.Y's earnings (1.4% per year) are forecast to grow slower than the US market (13.4% per year).

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

Revenue vs Market: SHZU.Y's revenue is expected to decline over the next 3 years (-3.7% per year).

High Growth Revenue: SHZU.Y's revenue is forecast to decline over the next 3 years (-3.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SHZU.Y's Return on Equity is forecast to be low in 3 years time (4.3%).


Next Steps

Past Performance

How has Shizuoka Bank performed over the past 5 years?

0.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SHZU.Y has high quality earnings.

Growing Profit Margin: SHZU.Y's current net profit margins (21.4%) are lower than last year (23.4%).


Past Earnings Growth Analysis

Earnings Trend: SHZU.Y's earnings have grown by 0.2% per year over the past 5 years.

Accelerating Growth: SHZU.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: SHZU.Y had negative earnings growth (-12.1%) over the past year, making it difficult to compare to the Banks industry average (10.9%).


Return on Equity

High ROE: SHZU.Y's Return on Equity (4%) is considered low.


Next Steps

Financial Health

How is Shizuoka Bank's financial position?


Financial Position Analysis

Short Term Liabilities: SHZU.Y's short term assets (¥1,679.4B) do not cover its short term liabilities (¥10,742.5B).

Long Term Liabilities: SHZU.Y's short term assets (¥1,679.4B) exceed its long term liabilities (¥978.2B).


Debt to Equity History and Analysis

Debt Level: SHZU.Y's debt to equity ratio (113.1%) is considered high.

Reducing Debt: SHZU.Y's debt to equity ratio has increased from 77.7% to 113.1% over the past 5 years.

Debt Coverage: SHZU.Y's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if SHZU.Y's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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

3.48%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SHZU.Y's dividend (3.54%) is higher than the bottom 25% of dividend payers in the US market (2.07%).

High Dividend: SHZU.Y's dividend (3.54%) is low compared to the top 25% of dividend payers in the US market (5.82%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.4%), SHZU.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?

2.8yrs

Average management tenure


CEO

Katsunori Nakanishi (66yo)

14.83s

Tenure

Mr. Katsunori Nakanishi has been the Chief Executive Officer of The Shizuoka Bank, Ltd. since June 2005 and its Chairman of the Board since June 2017 also served as its President since June 2005 until June ...


Leadership Team

NamePositionTenureCompensationOwnership
Katsunori Nakanishi
Chairman of the Board & CEO14.83yrsno data0.010% ¥347.7k
Hisashi Shibata
President & Director5.83yrsno data0.0030% ¥98.5k
Tomoya Minegishi
Business Readerno datano datano data
Yoshihiro Nagasawa
Managing Exec. Officer6.83yrsno data0.0026% ¥86.8k
Koichi Kiyokawa
Executive Officer & Head of Sales Departmentno datano datano data
Hidehito Iio
Managing Executive Officer2.83yrsno data0.0038% ¥127.4k
Hirotoshi Sugimoto
Sr. Managing Exec. Officer4.83yrsno data0.0014% ¥46.2k
Mitsuhide Sugita
Senior Managing Executive Office & Head of Tokyo Metropolitan Area Companyno datano datano data
Minoru Yagi
Sr. Managing Executive Officer5.83yrsno data0.0031% ¥104.5k
Mitsuru Kobayashi
Managing Executive Officer2.83yrsno data0.0024% ¥81.2k

2.8yrs

Average Tenure

62yo

Average Age

Experienced Management: SHZU.Y's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Katsunori Nakanishi
Chairman of the Board & CEO14.83yrsno data0.010% ¥347.7k
Hisashi Shibata
President & Director5.83yrsno data0.0030% ¥98.5k
Yoshihiro Nagasawa
Managing Exec. Officer6.83yrsno data0.0026% ¥86.8k
Hidehito Iio
Managing Executive Officer2.83yrsno data0.0038% ¥127.4k
Hirotoshi Sugimoto
Sr. Managing Exec. Officer4.83yrsno data0.0014% ¥46.2k
Minoru Yagi
Sr. Managing Executive Officer5.83yrsno data0.0031% ¥104.5k
Mitsuru Kobayashi
Managing Executive Officer2.83yrsno data0.0024% ¥81.2k
Kumi Fujisawa
Outside Director9.83yrsno datano data
Toshihiko Yamamoto
Director1.83yrsno data0.012% ¥388.3k
Motoshige Itoh
Independent Director1.83yrsno datano data

3.8yrs

Average Tenure

62yo

Average Age

Experienced Board: SHZU.Y's board of directors are considered experienced (3.8 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 Shizuoka Bank, Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The Shizuoka Bank, Ltd.
  • Ticker: SHZU.Y
  • Exchange: OTCPK
  • Founded: 1943
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: JP¥362.707b
  • Listing Market Cap: JP¥3.327b
  • Shares outstanding: 573.90m
  • Website: https://www.shizuokabank.co.jp

Number of Employees


Location

  • The Shizuoka Bank, Ltd.
  • 2-1, Kusanagi-Kita
  • Shimizu-ku
  • Shizuoka
  • Shizuoka
  • 424-8677
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SZKB.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992
8355TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
SHZU.YOTCPK (Pink Sheets LLC)ADRUSUSDMay 1992

Biography

The Shizuoka Bank, Ltd., a regional bank, provides various banking products and services. The company’s deposit products include current deposits, savings deposits, deposits at notice, time deposits, negotiable certificates of deposit, and other deposit products, as well as various loans and credit cards. It also provides corporate and financial management advisory services, bill collection services, leasing services, and finance and securities-related services. In addition, the company engages in the guarantee of housing loans, consumer loans, etc.; development and operation of computer systems; purchase of monetary receivable; and provision of public-offering assistance support for corporate rehabilitation, and fee-based job placement and general administration services. Further, it is involved in the appraisal of real estate for loan collateral; and part-time employee management activities, as well as operates centers for loans, and remittance and bill collection. As of July 1, 2019, it operated a head office, 177 branches, and 27 sub-branches in Shizuoka Prefecture, Tokyo, Osaka, and Nagoya; 2 branches in New York and Los Angeles; 1 in Europe; and 3 in Hong Kong, Singapore, and Shanghai. The company was founded in 1943 and is headquartered in Shizuoka, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/07 04:11
End of Day Share Price2020/04/01 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.