SBI SUMISHIN NET BANK LTDSS

SBI SUMISHIN NET BANK LTD

4,450JPYD
−110−2.41%
At close at Feb 21, 06:25 GMT
JPY
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7163 fundamentals

Key facts

Market capitalization‪687.44 B‬JPY
Founded2006
CEO
About

SBI Sumishin Net Bank, Ltd. engages in the provision of internet banking services. It operates through the following segments: Digital Bank, BaaS & THEMIX Business. The Digital Bank Business segment provides financial services such as deposit and lending services, debit card services, etc., mainly via mobile apps and the internet. The BaaS Business segment operate a business that provides banking functions to business partners. The THEMIX Business segment engage in non-financial businesses such as data marketing and advertising using data that customers have given their consent to use (financial data platform business), forestry and forestry management digital transformation (DX platform business), and carbon credit support business. The company was founded in April 2006 and is headquartered in Tokyo, Japan.

Ownership
‪‪150.78 M‬‬
Closely held shares
‪‪105.32 M‬‬ (69.85%)
Free Float shares
‪‪45.47 M‬‬ (30.15%)
Closely held shares
‪‪105.32 M‬‬ (69.85%)
Free Float shares
‪‪45.47 M‬‬ (30.15%)
Capital structure
Market cap
‪‪687.44 B‬‬
Debt
‪‪1.09 T‬‬
Cash & equivalents
‪‪1.96 T‬‬
Enterprise value
‪‪−190.68 B‬‬

Valuation

Fundamental metrics to determine fair value of the stock

Summary
‪‪687.44 B‬‬
Price to earning ratio (P/E)
26.31x
Price to sales ratio (P/S)
5.04x
Market Cap
Net income
Revenue
Price to earning ratio (P/E)
26.31x
Price to sales ratio (P/S)
5.04x
Valuation ratios
‪0.00‬
‪1.10‬
‪2.20‬
‪3.30‬
‪4.40‬
Q3 '23
Q4 '23
Q1 '24
Q2 '24
Q3 '24
‪0.00‬
‪6.00‬
‪12.00‬
‪18.00‬
‪24.00‬
P/E
P/S

Growth and Profitability

Company’s recent performance and margins

Performance
‪15.0%‬
‪16.5%‬
‪18.0%‬
‪19.5%‬
‪21.0%‬
Q3 '23
Q4 '23
Q1 '24
Q2 '24
Q3 '24
‪0.00‬
‪‪9.00 B‬‬
‪‪18.00 B‬‬
‪‪27.00 B‬‬
‪‪36.00 B‬‬
Total revenue
Net income
Net margin %
Revenue to profit conversion
Total revenue
Int. expense & PCL
Non-int. expense
Op income
Unusual income/ expense
Pretax income
Taxes & Other
Net income
‪0.00‬
‪‪9.00 B‬‬
‪‪18.00 B‬‬
‪‪27.00 B‬‬
‪‪36.00 B‬‬
Total revenue
Int. & Non-int. expenses
Op income
Expenses & adjustments
Net income
‪0.00‬
‪‪9.00 B‬‬
‪‪18.00 B‬‬
‪‪27.00 B‬‬
‪‪36.00 B‬‬

Revenue breakdown

Revenue streams and regions a business earns money from

By source/business
Period: 2023
Digital Bank
Banking as a Service
By country
Period: 2023
Japan

Estimates

Revenue and Earnings forecasts and estimates accuracy

Revenue
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪‪9.00 B‬‬
‪‪18.00 B‬‬
‪‪27.00 B‬‬
‪‪36.00 B‬‬
Actual
Estimate
Earnings
Next:May 19, 2025
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪17.00‬
‪34.00‬
‪51.00‬
‪68.00‬
Actual
Estimate

Dividends

Dividend yield, history and sustainability

Dividend summary
10.39%
Earnings retained
Payout ratio (TTM)
Dividend yield TTM
0.39%
Next payment
9.50
Next ex-date
Mar 28, 2025
Dividend history
‪0.7%‬
‪4.7%‬
‪8.7%‬
‪12.7%‬
‪16.7%‬
2019
2020
2021
2022
2023
‪0.00‬
‪50.00‬
‪100.00‬
‪150.00‬
‪200.00‬
Dividends per share (FY)
Dividend yield (FY) %

Financial health

Financial position and solvency of the company

Loans and customer deposits
Q3 '23
Q4 '23
Q1 '24
Q2 '24
Q3 '24
‪‪−3.50 T‬‬
‪0.00‬
‪‪3.50 T‬‬
‪‪7.00 T‬‬
‪‪10.50 T‬‬
Net loans
Total deposits
Loan loss allowances
Capital adequacy analysis
Q3 '23
Q4 '23
Q1 '24
Q2 '24
Q3 '24
‪0.00‬
‪2.50‬
‪5.00‬
‪7.50‬
‪10.00‬
Common equity Tier 1 ratio
Tier 1 capital ratio
Total capital ratio