OTCPK:MIZU.F

Stock Analysis Report

Executive Summary

Mizuno Corporation develops, manufactures, and sells sporting goods in Japan and internationally.

Snowflake

Fundamentals

Flawless balance sheet and undervalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

MIZU.F

-5.3%

US Leisure

0.07%

US Market


1 Year Return

n/a

MIZU.F

-5.1%

US Leisure

8.9%

US Market

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

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


Shareholder returns

MIZU.FIndustryMarket
7 Day0%-5.3%0.07%
30 Day0%-2.0%-0.3%
90 Dayn/a-5.6%-1.6%
1 Yearn/a-3.4%-5.1%11.3%8.9%
3 Yearn/a-8.6%-13.3%46.3%36.8%
5 Yearn/a6.6%-5.1%62.1%44.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

46.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MIZU.F ($22.95) is trading below our estimate of fair value ($42.49)

Significantly Below Fair Value: MIZU.F is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MIZU.F is good value based on its PE Ratio (10.9x) compared to the Leisure industry average (19.3x).

PE vs Market: MIZU.F is good value based on its PE Ratio (10.9x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: MIZU.F is poor value based on its PEG Ratio (2.6x)


Price to Book Ratio

PB vs Industry: MIZU.F is good value based on its PB Ratio (0.7x) compared to the US Leisure industry average (2.3x).


Next Steps

Future Growth

How is Mizuno forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

4.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MIZU.F's forecast earnings growth (4.1% per year) is above the savings rate (2.7%).

Earnings vs Market: MIZU.F's earnings (4.1% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: MIZU.F's revenue (2.9% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: MIZU.F's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MIZU.F's Return on Equity is forecast to be low in 3 years time (6.8%).


Next Steps

Past Performance

How has Mizuno performed over the past 5 years?

19.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MIZU.F's earnings have grown by 19.3% per year over the past 5 years.

Accelerating Growth: MIZU.F's earnings growth over the past year (38.2%) exceeds its 5-year average (19.3% per year).

Earnings vs Industry: MIZU.F earnings growth over the past year (38.2%) exceeded the Leisure industry 17.2%.


Return on Equity

High ROE: MIZU.F's Return on Equity (6.8%) is considered low.


Return on Assets

ROA vs Industry: MIZU.F's Return on Assets is below or equal to the Leisure industry average last year.


Return on Capital Employed

ROCE Improving: MIZU.F has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Mizuno's financial position?


Financial Position Analysis

Short Term Liabilities: MIZU.F's short term assets (¥93.4B) exceeds its short term liabilities (¥37.3B)

Long Term Liabilities: MIZU.F's short term assets (93.4B) exceeds its long term liabilities (17.8B)


Debt to Equity History and Analysis

Debt Level: MIZU.F's debt to equity ratio (20.3%) is considered satisfactory

Reducing Debt: MIZU.F's debt to equity ratio has reduced from 40% to 20.3% over the past 5 years.

Debt Coverage: MIZU.F's debt is well covered by operating cash flow (20.6%).

Interest Coverage: MIZU.F earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: MIZU.F has a high level of physical assets or inventory.

Debt Coverage by Assets: MIZU.F's debt is covered by short term assets (assets are 4.746090x debt).


Next Steps

Dividend

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

1.78%

Current Dividend Yield


Dividend Yield vs Market

company1.8%marketbottom25%1.4%markettop25%3.7%industryaverage2.2%forecastin3Years1.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: MIZU.F's dividend (1.78%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: MIZU.F's dividend (1.78%) is low compared to the top 25% of dividend payers in the US market (3.68%).

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

Growing Dividend: MIZU.F's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.5%), MIZU.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 Mizuno's salary, the management and board of directors tenure and is there insider trading?

3.3yrs

Average management tenure


CEO

Akito Mizuno (70yo)

13.3yrs

Tenure

0

Mr. Akito Mizuno has been the President of Mizuno Corporation since June 2006. Mr. Mizuno served as an Executive Vice President of Mizuno Corporation. He Joined Mizuno Corporation August 1975 and served as ...


Management Age and Tenure

3.3yrs

Average Tenure

64yo

Average Age

Experienced Management: MIZU.F's management team is considered experienced (3.3 years average tenure).


Board Age and Tenure

14.8yrs

Average Tenure

65yo

Average Age

Experienced Board: MIZU.F's board of directors are seasoned and experienced ( 14.8 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


Management Team

  • Akito Mizuno (70yo)

    President of the Board & President

    • Tenure: 13.3yrs
  • Masaharu Kato (64yo)

    Senior Managing Executive Officer & Representative Director

    • Tenure: 19.3yrs
  • Hideki Tsuruoka (60yo)

    Managing Executive Officer

    • Tenure: 3.3yrs
  • Mutsuro Yamamoto (65yo)

    Senior Managing Executive Officer & Director

    • Tenure: 16.3yrs
  • Daisuke Fukumoto (62yo)

    Senior Managing Executive Officer & Director

    • Tenure: 16.3yrs
  • Ryoji Higuchi (67yo)

    Executive Officer

    • Tenure: 3.3yrs
  • Takeshi Shichijo (58yo)

    Managing Executive Officer

    • Tenure: 3.3yrs
  • Eiji Yamanaka

    Executive Officer

    • Tenure: 3.3yrs
  • Norifumi Kubota

    Executive Officer

    • Tenure: 3.3yrs
  • Osamu Sano

    Executive Officer of North American Business

    • Tenure: 2.1yrs

Board Members

  • Akito Mizuno (70yo)

    President of the Board & President

    • Tenure: 13.3yrs
  • Masaharu Kato (64yo)

    Senior Managing Executive Officer & Representative Director

    • Tenure: 19.3yrs
  • Mutsuro Yamamoto (65yo)

    Senior Managing Executive Officer & Director

    • Tenure: 16.3yrs
  • Daisuke Fukumoto (62yo)

    Senior Managing Executive Officer & Director

    • Tenure: 16.3yrs
  • Yutaka Tsutsui (73yo)

    External Director

    • Tenure: 3.3yrs
  • Yasuhiro Hamada (65yo)

    Director

    • Tenure: 3.3yrs
  • Kozo Kobashi

    Director

    • Tenure: 0yrs
  • Shunsaku Yamazoe

    External Director

    • Tenure: 0yrs

Company Information

Mizuno Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mizuno Corporation
  • Ticker: MIZU.F
  • Exchange: OTCPK
  • Founded: 1906
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: JP¥71.380b
  • Listing Market Cap: JP¥657.573m
  • Shares outstanding: 25.39m
  • Website: https://corp.mizuno.com

Number of Employees


Location

  • Mizuno Corporation
  • 1-12-35, Nanko-Kita
  • Suminoe-ku
  • Osaka
  • 559-8510
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MIZDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
8022TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
MIZU.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992

Biography

Mizuno Corporation develops, manufactures, and sells sporting goods in Japan and internationally. The company offers golf clubs; running shoes; volleyball uniforms and shoes; shoes for football and rugby p ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/12 00:31
End of Day Share Price2019/07/15 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.