OTCPK:SZKB.F

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

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: SZKB.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

SZKB.F

-0.08%

US Banks

0.9%

US Market


1 Year Return

n/a

SZKB.F

11.2%

US Banks

16.8%

US Market

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

Return vs Market: Insufficient data to determine how SZKB.F performed against the US Market.


Shareholder returns

SZKB.FIndustryMarket
7 Day0%-0.08%0.9%
30 Day0%6.7%4.5%
90 Dayn/a17.0%6.2%
1 Yearn/a14.5%11.2%19.4%16.8%
3 Yearn/a38.7%29.0%47.5%38.0%
5 Yearn/a72.3%53.2%62.0%44.1%

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?

11.86x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SZKB.F ($7.35) is trading above our estimate of fair value ($4.51)

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


Price To Earnings Ratio

PE vs Industry: SZKB.F is good value based on its PE Ratio (11.9x) compared to the Banks industry average (12.7x).

PE vs Market: SZKB.F is good value based on its PE Ratio (11.9x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: SZKB.F is poor value based on its PEG Ratio (4.2x)


Price to Book Ratio

PB vs Industry: SZKB.F 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 Shizuoka Bank forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

2.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SZKB.F's forecast earnings growth (2.8% per year) is above the savings rate (2.7%).

Earnings vs Market: SZKB.F's earnings (2.8% per year) are forecast to grow slower than the US market (14.4% per year).

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

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

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


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SZKB.F's Return on Equity is forecast to be low in 3 years time (4.7%).


Next Steps

Past Performance

How has Shizuoka Bank performed over the past 5 years?

0.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SZKB.F has high quality earnings.

Growing Profit Margin: SZKB.F's current net profit margins (20.5%) are lower than last year (25.7%).


Past Earnings Growth Analysis

Earnings Trend: SZKB.F's earnings have grown by 0.7% per year over the past 5 years.

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

Earnings vs Industry: SZKB.F had negative earnings growth (-26.8%) over the past year, making it difficult to compare to the Banks industry average (27.5%).


Return on Equity

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


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Shizuoka 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: SZKB.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: SZKB.F's debt is covered by short term assets (assets are 1.4x debt).


Financial Institutions Analysis

Asset Level: SZKB.F's level of assets compared to its equity is moderate.

Allowance for Bad Loans: SZKB.F has a low allowance for bad loans.

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

Loan Level: SZKB.F has an acceptable proportion of non-loan assets held.

Low Risk Deposits: SZKB.F's loans are broadly funded by customer deposits.

Level of Bad Loans: SZKB.F has an appropriate level of bad loans (1.06%)


Next Steps

Dividend

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

2.68%

Current Dividend Yield


Dividend Yield vs Market

company2.7%marketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Years2.8%

Current dividend yield vs market & industry

Notable Dividend: SZKB.F's dividend (2.68%) is higher than the bottom 25% of dividend payers in the US market (1.43%).

High Dividend: SZKB.F's dividend (2.68%) is low compared to the top 25% of dividend payers in the US market (3.68%).


Stability and Growth of Payments

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

Growing Dividend: SZKB.F's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.9%), SZKB.F'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 Shizuoka Bank's salary, the management and board of directors tenure and is there insider trading?

2.4yrs

Average management tenure


CEO

Katsunori Nakanishi (66yo)

14.4yrs

Tenure

0

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 ...


Management Age and Tenure

2.4yrs

Average Tenure

62yo

Average Age

Experienced Management: SZKB.F's management team is considered experienced (2.4 years average tenure).


Board Age and Tenure

3.4yrs

Average Tenure

62yo

Average Age

Experienced Board: SZKB.F's board of directors are considered experienced (3.4 years average tenure).


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

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Katsunori Nakanishi (66yo)

    Chairman of the Board & CEO

    • Tenure: 14.4yrs
  • Hidehito Iio (62yo)

    Managing Executive Officer

    • Tenure: 2.4yrs
  • Yoshihiro Nagasawa (63yo)

    Managing Exec. Officer

    • Tenure: 6.4yrs
  • Hisashi Shibata (56yo)

    President & Director

    • Tenure: 5.4yrs
  • Hirotoshi Sugimoto (62yo)

    Sr. Managing Exec. Officer

    • Tenure: 4.4yrs
  • Mitsuhide Sugita

    Senior Managing Executive Office & Head of Tokyo Metropolitan Area Company

    • Tenure: 0yrs
  • Minoru Yagi (56yo)

    Sr. Managing Executive Officer

    • Tenure: 5.4yrs
  • Mitsuru Kobayashi (61yo)

    Managing Executive Officer

    • Tenure: 2.4yrs
  • Tomoya Minegishi

    Business Reader

    • Tenure: 0yrs
  • Koichi Kiyokawa

    Executive Officer & Head of Sales Department

    • Tenure: 0yrs

Board Members

  • Katsunori Nakanishi (66yo)

    Chairman of the Board & CEO

    • Tenure: 14.4yrs
  • Kumi Fujisawa (52yo)

    Outside Director

    • Tenure: 9.4yrs
  • Toshihiko Yamamoto (64yo)

    Director

    • Tenure: 1.4yrs
  • Hidehito Iio (62yo)

    Managing Executive Officer

    • Tenure: 2.4yrs
  • Yoshihiro Nagasawa (63yo)

    Managing Exec. Officer

    • Tenure: 6.4yrs
  • Hisashi Shibata (56yo)

    President & Director

    • Tenure: 5.4yrs
  • Hirotoshi Sugimoto (62yo)

    Sr. Managing Exec. Officer

    • Tenure: 4.4yrs
  • Minoru Yagi (56yo)

    Sr. Managing Executive Officer

    • Tenure: 5.4yrs
  • Motoshige Itoh (68yo)

    Independent Director

    • Tenure: 1.4yrs
  • Mitsuru Kobayashi (61yo)

    Managing Executive Officer

    • Tenure: 2.4yrs

Company Information

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


Key Information

  • Name: The Shizuoka Bank, Ltd.
  • Ticker: SZKB.F
  • Exchange: OTCPK
  • Founded: 1943
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: JP¥471.748b
  • Listing Market Cap: JP¥4.340b
  • 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, negot ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/21 00:04
End of Day Share Price2019/10/21 00:00
Earnings2019/09/30
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.