Financials Sumitomo Mitsui Financial Group, Inc. Nyse

Equities

SMFG

US86562M2098

Banks

Market Closed - Nyse Other stock markets 04:00:08 2024-05-17 pm EDT			5-day change	1st Jan Change
12.54 ^USD	+4.33%		+8.10%	+29.55%

May. 17	Coconala Acquires a Consulting Firm and EK Partners	MT
May. 17	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	3,592,112	5,491,317	5,355,769	7,157,730	11,708,666	12,775,625	-	-
Enterprise Value (EV) ¹	3,592,112	5,491,317	5,355,769	7,157,730	11,708,666	12,775,625	12,775,625	12,775,625
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)	1,369,467	1,370,431	1,370,814	1,351,025	1,314,251	1,313,959	-	-
Reference price ²	2,623	4,007	3,907	5,298	8,909	9,723	9,723	9,723
Announcement Date	5/15/20	5/14/21	5/13/22	5/15/23	5/15/24	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	2,768,587	2,806,187	4,111,127	3,225,689	3,738,818	3,697,152	3,789,330	3,804,881
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	1,085,034	1,059,043	2,290,002	1,276,444	1,488,225	1,272,353	1,538,276	1,651,174
Operating Margin	39.19%	37.74%	55.7%	39.57%	39.8%	34.41%	40.59%	43.4%
Earnings before Tax (EBT) ¹	888,646	672,237	929,588	1,098,472	1,342,349	1,462,381	1,477,440	1,627,120
Net income ¹	703,883	512,812	706,631	805,842	962,946	971,300	1,026,025	1,155,041
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	5/15/20	5/14/21	5/13/22	5/15/23	5/15/24	-	-	-

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	1,377,371	1,431,285	750,769	1,929,073	1,331,703	835,438	2,916,911	1,463,341	792,787	-	892,259	3,590,726	4,482,985	908,998	798,248	938,162	940,346	874,311	912,475
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	540,950	555,351	296,213	1,438,438	312,896	356,897	-	279,904	271,289	-	357,167	413,745	-	360,148	178,703	340,700	342,398	308,103	288,462
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)	341,934	626,759	235,393	67,436	348,686	375,988	724,674	305,457	68,341	-	348,012	-	706,386	378,155	257,808	-	-	-	-
Net income ¹	270,130	456,068	168,727	81,836	252,439	272,988	525,427	240,594	39,821	280,415	248,016	278,449	526,465	266,372	170,109	242,346	259,628	251,846	-
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	11/13/20	11/12/21	2/2/22	5/13/22	7/29/22	11/14/22	11/14/22	1/30/23	5/15/23	5/15/23	7/31/23	11/14/23	11/14/23	2/1/24	5/15/24	-	-	-	-

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	159,918,891	166,768,130	169,859,138	183,295,878	185,764,222	242,825,021	301,771,992	210,007,410
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	-	-	-	-	916.0	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	5/15/20	5/14/21	5/13/22	5/15/23	5/15/24	-	-	-

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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