Financials Sumitomo Mitsui Financial Group, Inc. Nyse

Equities

SMFG

US86562M2098

Banks

Market Closed - Nyse Other stock markets 01:30:08 18/05/2024 am IST			5-day change	1st Jan Change
12.54 ^USD	+4.33%		+8.10%	+29.55%

17/05	Coconala Acquires a Consulting Firm and EK Partners	MT
17/05	Japan's Nikkei ends lower on tepid Wall Street, BOJ policy uncertainty	RE

Valuation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	35,92,112	54,91,317	53,55,769	71,57,730	1,17,08,666	1,27,75,625	-	-
Enterprise Value (EV) ¹	35,92,112	54,91,317	53,55,769	71,57,730	1,17,08,666	1,27,75,625	1,27,75,625	1,27,75,625
P/E ratio	5.12 x	10.7 x	7.58 x	8.97 x	12.3 x	12.6 x	12.3 x	10.7 x
Yield	7.24%	4.74%	5.37%	4.53%	3.03%	3.06%	3.34%	3.78%
Capitalization / Revenue	1.3 x	1.96 x	1.3 x	2.22 x	3.13 x	3.46 x	3.37 x	3.36 x
EV / Revenue	1.3 x	1.96 x	1.3 x	2.22 x	3.13 x	3.46 x	3.37 x	3.36 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.34 x	0.46 x	0.44 x	0.56 x	0.8 x	0.9 x	0.85 x	0.83 x
Nbr of stocks (in thousands)	13,69,467	13,70,431	13,70,814	13,51,025	13,14,251	13,13,959	-	-
Reference price ²	2,623	4,007	3,907	5,298	8,909	9,723	9,723	9,723
Announcement Date	15/05/20	14/05/21	13/05/22	15/05/23	15/05/24	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	27,68,587	28,06,187	41,11,127	32,25,689	37,38,818	36,97,152	37,89,330	38,04,881
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	10,85,034	10,59,043	22,90,002	12,76,444	14,88,225	12,72,353	15,38,276	16,51,174
Operating Margin	39.19%	37.74%	55.7%	39.57%	39.8%	34.41%	40.59%	43.4%
Earnings before Tax (EBT) ¹	8,88,646	6,72,237	9,29,588	10,98,472	13,42,349	14,62,381	14,77,440	16,27,120
Net income ¹	7,03,883	5,12,812	7,06,631	8,05,842	9,62,946	9,71,300	10,26,025	11,55,041
Net margin	25.42%	18.27%	17.19%	24.98%	25.76%	26.27%	27.08%	30.36%
EPS ²	511.9	374.3	515.5	590.5	724.3	773.7	791.2	906.0
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	190.0	190.0	210.0	240.0	270.0	298.0	324.5	367.5
Announcement Date	15/05/20	14/05/21	13/05/22	15/05/23	15/05/24	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2021 S1	2022 S1	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 S1	2023 Q3	2023 Q4	2023 S2	2024 Q1	2024 Q2	2024 S1	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	13,77,371	14,31,285	7,50,769	19,29,073	13,31,703	8,35,438	29,16,911	14,63,341	7,92,787	-	8,92,259	35,90,726	44,82,985	9,08,998	7,98,248	9,38,162	9,40,346	8,74,311	9,12,475
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	5,40,950	5,55,351	2,96,213	14,38,438	3,12,896	3,56,897	-	2,79,904	2,71,289	-	3,57,167	4,13,745	-	3,60,148	1,78,703	3,40,700	3,42,398	3,08,103	2,88,462
Operating Margin	39.27%	38.8%	39.45%	74.57%	23.5%	42.72%	-	19.13%	34.22%	-	40.03%	11.52%	-	39.62%	22.39%	36.32%	36.41%	35.24%	31.61%
Earnings before Tax (EBT)	3,41,934	6,26,759	2,35,393	67,436	3,48,686	3,75,988	7,24,674	3,05,457	68,341	-	3,48,012	-	7,06,386	3,78,155	2,57,808	-	-	-	-
Net income ¹	2,70,130	4,56,068	1,68,727	81,836	2,52,439	2,72,988	5,25,427	2,40,594	39,821	2,80,415	2,48,016	2,78,449	5,26,465	2,66,372	1,70,109	2,42,346	2,59,628	2,51,846	-
Net margin	19.61%	31.86%	22.47%	4.24%	18.96%	32.68%	18.01%	16.44%	5.02%	-	27.8%	7.75%	11.74%	29.3%	21.31%	25.83%	27.61%	28.81%	-
EPS ²	197.2	332.7	123.1	59.69	184.1	199.1	383.2	176.1	31.10	-	185.7	208.7	394.4	200.3	129.8	194.7	202.1	187.7	150.8
Dividend per Share	95.00	105.0	-	105.0	-	-	115.0	-	125.0	-	-	135.0	135.0	-	-	-	-	-	-
Announcement Date	13/11/20	12/11/21	02/02/22	13/05/22	29/07/22	14/11/22	14/11/22	30/01/23	15/05/23	15/05/23	31/07/23	14/11/23	14/11/23	01/02/24	15/05/24	-	-	-	-

¹JPY in Million²JPY

Estimates

Balance Sheet Analysis

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	6.6%	4.6%	5.9%	6.5%	7%	7.07%	7.07%	8.4%
ROA (Net income/ Total Assets)	0.44%	0.31%	0.42%	0.44%	0.52%	0.4%	0.34%	0.55%
Assets ¹	15,99,18,891	16,67,68,130	16,98,59,138	18,32,95,878	18,57,64,222	24,28,25,021	30,17,71,992	21,00,07,410
Book Value Per Share ²	7,828	8,630	8,826	9,431	11,157	10,810	11,426	11,776
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	15/05/20	14/05/21	13/05/22	15/05/23	15/05/24	-	-	-

¹JPY in Million²JPY

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Sumitomo Mitsui Financial Group, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

9,723 JPY

Average target price

9,162 JPY

Spread / Average Target

-5.77%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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