Morningstar

Resona Holdings Inc 8308

Morningstar Rating
Unlock
Stock XTKS Rating as of
¥‎949.80 −8.10 (0.85%)
View Full Chart
As of Delayed Price Closed

Company Report

View Archive

Japan Banks: We Maintain Our Fair Value Estimates After BOJ Meeting and Coverage Transfer

Michael Makdad

We transfer five Japanese banks to a new coverage analyst with minor tweaks to our earnings forecasts that do not change our fair value estimates for the Tokyo-listed shares. Our fair value estimates for Mitsubishi UFJ Financial Group's, or MUFG, and Mizuho Financial Group's ADRs rise by 9% each to $12.25 and $4.61, respectively, due to 9% appreciation in the Japanese yen against the US dollar.

Read Full Report

Price vs Fair Value

View History
8308 is trading at a 688% premium.
Price
¥‎957.90
Fair Value
¥‎642.00
Uncertainty
Medium
1-Star Price
¥‎9,646.81
5-Star Price
¥‎262.70
Economic Moat
Ygyp
Capital Allocation
Cvxcvdfgh

Bulls Say, Bears Say

Bulls

If yen interest rates rise, Resona has the highest operational gearing among major Japanese banks to increases in net interest income, or NII, given its domestic focus and high revenue contribution of NII.

Bears

Investor expectations for Resona to benefit more from rising yen interest rates than other major Japanese banks may be disappointed.

Show More

News

View All

Trading Information

Previous Close Price
¥‎957.90
Day Range
¥‎933.40–965.90
52-Week Range
¥‎697.00–1,160.50
Bid/Ask
¥‎947.40 / ¥‎949.90
Market Cap
¥‎2.19 Tril
Volume/Avg
14.8 Mil / 11.8 Mil

Key Statistics

Price/Earnings (Normalized)
31.87
Price/Sales
2.79
Dividend Yield (Trailing)
2.35%
Dividend Yield (Forward)
2.40%
Total Yield
3.43%

Company Profile

Resona Holdings is one of the top six Japanese banking groups by assets. Although its banking units are categorized in Japan as "city" banks for historical reasons, it is only around a third of the size of the three megabank groups and effectively a super-regional bank operating mainly in the Kansai region (54% of its branches) and the Tokyo metropolitan area (43% of branches), with a strong focus on retail and small and medium-size enterprises, rather than lending to large corporates. Its overseas operations are limited, which allows it to operate in compliance with domestic capital standards.
Sector
Financial Services
Industry
Banks - Regional
Stock Style Box
Large Core
Total Number of Employees
28,237
Website
http://www.resona-gr.co.jp

Competitors

Valuation

View More
Metric
8308
8316
MUFG
Price/Earnings (Normalized)
 31.878.7038.89
Price/Book Value
 0.810.800.94
Price/Sales
 2.792.612.87
Price/Cash Flow
 14.1610.21—
Price/Earnings
8308
8316
MUFG

Financial Strength

Metric
8308
8316
MUFG
Quick Ratio
 ———
Current Ratio
 ———
Interest Coverage
 ———
Quick Ratio
No chart available

Profitability

Metric
8308
8316
MUFG
Return on Assets (Normalized)
 0.30%0.56%0.54%
Return on Equity (Normalized)
 8.52%11.63%11.21%
Return on Invested Capital (Normalized)
 ———
Return on Assets
8308
8316
MUFG

Banks - Regional Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
BNP Paribas ADR
BNPQY
NfjshkzWqgvf$76.2 Bil
 Intesa Sanpaolo ADR
ISNPY
CcbqkglcsTmmjq$73.3 Bil
 PNC Financial Services Group Inc
PNC
JsgvjbzWxlcbm$71.3 Bil
 U.S. Bancorp
USB
XddpzskfqSfjy$69.1 Bil
 Itau Unibanco Holding SA ADR
ITUB
CtrfncqRvthx$60.2 Bil
 Truist Financial Corp
TFC
JdjlfvgnmLhcghf$55.9 Bil
 Mizuho Financial Group Inc ADR
MFG
WjpkhpzMsl$52.2 Bil
 Lloyds Banking Group PLC ADR
LYG
NmwccxmtWspjc$46.9 Bil
 NatWest Group PLC ADR
NWG
BrqdvdnyLysb$36.8 Bil
 Deutsche Bank AG
DB
QvhlNccrq$33.2 Bil

Sponsor Center