$Sumitomo Mitsui Financial (SMFG.US)$Japanese company listed...

Over the past 5 years, revenue declined first, then increased overall. The 5-year average net profit was 4.89 billion yuan. In 2023, preferred stock dividends accounted for 1.2% of net profit, which had little impact. Net profit attributable to common shareholders averaged 4.79 billion yuan for 5 years. The return on net assets in 2023 is 6.5%, and the 5-year arithmetic average is 6.1%.

In the first half of 2024, revenue increased 4.2%, and net profit increased 0.2%.

The balance ratio has grown from 94.4% to 95.3% over the past 5 years. Goodwill and other intangible assets account for 6.8% of net assets. There are very few treasury shares, and there has been no recent change in common stock share capital.

Currently, the price-earnings ratio is 10.43, and the price-earnings ratio is TTM11.93. The 5-year average net profit corresponds to a price-earnings ratio of 13.6, a net price-earnings ratio of 0.73, and a dividend ratio of 3.4%. In the long run, dividends are not very stable, and the current valuation is not very attractive.