$Sumitomo Mitsui Financial (SMFG.US)$A Japan-based company l...

Revenue has declined and then risen over the past 5 years, overall contracting. The 5-year average net income is 4.89 billion. In 2023, the preferred stock dividends accounted for 1.2% of the net income, which had little impact. The net income attributable to common shareholders averaged 4.79 billion over 5 years. The net asset return rate in 2023 was 6.5%, with an arithmetic average of 6.1% over 5 years.

Revenue in the first half of 2024 increased by 4.2%, and net income increased by 0.2%.

Over the past 5 years, the asset-liability ratio has increased from 94.4% to 95.3%. Goodwill and other intangible assets account for 6.8% of net assets. There is very little treasury stock, and common stock equity has remained unchanged recently.

Currently, the PE is 10.43, the TTM PE is 11.93, the 5-year average net income corresponding PE is 13.6, the PB ratio is 0.73, the dividend yield is 3.4%, and the long-term dividend does not seem too stable. The current valuation attractiveness is not significant.