Sumitomo Mitsui Financial Group, Inc. provides commercial banking, finance leasing, securities, consumer finance, and other services primarily in Japan. The company is headquartered in Tokyo, Japan.
| Revenue (TTM) | $4.38T |
| Gross Profit (TTM) | $4.38T |
| EBITDA | — |
| Operating Margin | 271.10% |
| Return on Equity | 6.87% |
| Return on Assets | 0.40% |
| Revenue/Share (TTM) | $683.83 |
| Book Value | $15.38 |
| Price-to-Book | 1.66 |
| Price-to-Sales (TTM) | 0.04 |
| EV/Revenue | 5.55 |
| EV/EBITDA | — |
| Quarterly Earnings Growth (YoY) | 354.60% |
| Quarterly Revenue Growth (YoY) | 36.80% |
| Shares Outstanding | $6.35B |
| Float | $6.36B |
| % Insiders | 0.00% |
| % Institutions | 1.96% |
Volatility is currently contracting
Japan's Sumitomo Mitsui Financial Group is aiming to double revenue in its sales and trading business to 800 billion yen ($5 billion) within the next few years, its head of global markets said, as the bank seeks to catch up with its rivals.
NEW YORK--(BUSINESS WIRE)--SMBC Americas Announces Global Transaction Banking Platform Available for U.S. Clients, Including Cash Management and Payments Capabilities.
I'm sticking with a 'Buy' rating for Sumitomo Mitsui Financial Group following my assessment of its valuations and prospects. SMFG revealed its updated mid-teens ROE goal for the long run; I think this is achievable with cost-cutting moves and domestic rate hikes. The stock's current P/B of around 1.3x is undemanding, considering the significant discount to its U.S. peers.
