Mizuho Financial Group (MFG)
NYSE:MFG
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Mizuho Financial
(NYSE:MFG)
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Rating:57Neutral
Price Target:
$8.50
â–¼(-15.17% Downside)
Action:ReiteratedDate:02/07/26
The score is held back primarily by financial fundamentals—high leverage and negative operating/free cash flow alongside declining revenue growth—despite healthy profitability margins. Technicals are supportive due to a strong uptrend, but overbought signals increase pullback risk. Valuation is reasonable but not compelling, with only a modest dividend yield.
Positive Factors
Strong profitability margins
High net and stable operating margins (net margin 22.71%) reflect efficient operations and pricing across core businesses. Sustained margins support internal capital generation, cushion credit cycles and market volatility, and allow reinvestment or payouts even if revenue growth is muted over the next several quarters.
Negative Factors
High leverage
A debt-to-equity of 5.83 indicates significant structural leverage and dependence on borrowed funds. Heavy leverage amplifies interest‑rate and market risks, constrains capital allocation, and reduces financial flexibility, making the firm more vulnerable to funding stress or rising funding costs over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability margins
High net and stable operating margins (net margin 22.71%) reflect efficient operations and pricing across core businesses. Sustained margins support internal capital generation, cushion credit cycles and market volatility, and allow reinvestment or payouts even if revenue growth is muted over the next several quarters.
Read all positive factors
Mizuho Financial (MFG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$105.12B
Dividend Yield2.31%
Average Volume (3M)5.18M
Price to Earnings (P/E)10.8
Beta (1Y)1.23
Revenue Growth-2.84%
EPS Growth25.48%
CountryUS
Employees51,212
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.17
Shares Outstanding12,449,243,000
10 Day Avg. Volume4,969,410
30 Day Avg. Volume5,183,832
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)1.00
Price to Sales (P/S)1.21
P/FCF Ratio-2.51
Enterprise Value/Market Cap191.14
Enterprise Value/Revenue2.41
Enterprise Value/Gross Profit5.22
Enterprise Value/Ebitda14.93
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.69
Revenue Forecast (FY)$23.18B
Mizuho Financial Business Overview & Revenue Model
Company Description
Mizuho Financial Group, Inc., together with its subsidiaries, engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally. It operates through five seg...
How the Company Makes Money
Mizuho Financial Group makes money primarily by earning interest income and fees across banking, trust, and securities businesses. A key revenue driver is net interest income: Mizuho Bank collects deposits and other funding and lends to customers ...
Mizuho Financial Earnings Call Summary
Earnings Call Date:Nov 14, 2024
(Q2-2024)
| % Change Since: |
Next Earnings Date:May 15, 2026
Earnings Call Sentiment Positive
The earnings call presented a positive picture with significant achievements in financial growth, strategic collaborations, and sustainability initiatives. However, challenges remain in areas such as asset and wealth management and rising costs, which the company aims to address moving forward.Positive Updates
Solid Financial Progress
Achieved steady profit growth with a forecast of net business profit for FY24 of ¥1.17 trillion, up ¥100 billion. Achieved solid growth in areas of focus, including AUM, which is steadily increasing.
Negative Updates
Challenges in Asset and Wealth Management
Asset and wealth management is not going as well as expected, only achieving 50% of the target compared to competitors like Nomura and Daiwa.
Read all updates
Q2-2024 Updates
Positive
Negative
Solid Financial Progress
Achieved steady profit growth with a forecast of net business profit for FY24 of ¥1.17 trillion, up ¥100 billion. Achieved solid growth in areas of focus, including AUM, which is steadily increasing.
Read all positive updates
Company Guidance
In the recent investor call, Mizuho Financial Group provided detailed guidance on its performance and strategic direction for the first half of fiscal year 2024. The Group reported a forecast of ¥1.17 trillion in net business profit for FY24, marking an increase of ¥100 billion. A significant focus was placed on sustainable growth, with investments in Greenhill, Rakuten, and Golub Capital. Asset profitability improved with a reduction of ¥1.1 trillion in low-profit deals and an increase of ¥1.6 trillion in high-profit business, boosting RORA from 3.1% to 3.3%. The firm is also dedicated to enhancing its competitive edge and operational stability through a new HR framework and culture reform efforts, which included 416 town hall meetings across 322 sites. Despite challenges in the asset and wealth management sector, Mizuho is optimistic about its strategic collaborations, such as with Rakuten Securities, and its ability to capture growth opportunities, especially in the burgeoning Japanese corporate sector and global markets.Mizuho Financial Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.33T | 8.60T | 7.86T | 4.89T | 2.84T | 2.89T |
| Gross Profit | 3.85T | 3.59T | 2.86T | 2.58T | 2.28T | 2.26T |
| EBITDA | 1.35T | 1.40T | 1.13T | 945.90B | 769.51B | 819.14B |
| Net Income | 1.05T | 885.43B | 678.99B | 555.53B | 530.48B | 471.02B |
Balance Sheet | ||||||
| Total Assets | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Cash, Cash Equivalents and Short-Term Investments | 91.33T | 83.48T | 72.97T | 67.15T | 51.36T | 74.42T |
| Total Debt | 64.42T | 60.89T | 58.95T | 45.34T | 40.96T | 40.31T |
| Total Liabilities | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Stockholders Equity | 11.18T | 10.44T | 10.23T | 9.13T | 9.08T | 9.26T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -4.17T | 1.63T | 8.68T | 4.78T | 16.40T |
| Operating Cash Flow | 0.00 | -3.82T | 1.88T | 8.87T | 4.92T | 16.61T |
| Investing Cash Flow | 0.00 | 3.79T | 1.98T | 6.61T | -1.86T | -9.76T |
| Financing Cash Flow | 0.00 | -299.03B | -230.99B | -611.14B | -522.06B | 40.82B |
Mizuho Financial Technical Analysis
Positive
10.02
Price Trends
8.56
Positive
8.03
Positive
7.16
Positive
Market Momentum
0.03
Negative
58.55
Neutral
84.16
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MFG, the sentiment is Positive. The current price of 10.02 is above the 20-day moving average (MA) of 7.95, above the 50-day MA of 8.56, and above the 200-day MA of 7.16, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 58.55 is Neutral, neither overbought nor oversold. The STOCH value of 84.16 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MFG.
Mizuho Financial Risk Analysis
Mizuho Financial disclosed 39 risk factors in its most recent earnings report. Mizuho Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Mizuho Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $98.85B | 9.08 | 21.64% | 9.77% | 11.82% | 3.41% | |
72 Outperform | $90.08B | 10.18 | 11.88% | 3.11% | 1.79% | 30.93% | |
69 Neutral | $99.18B | 18.92 | 15.95% | 0.85% | 10.85% | 7.98% | |
69 Neutral | $87.52B | 10.95 | 12.12% | 3.77% | 2.91% | 33.77% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $79.01B | 12.62 | 9.93% | 3.19% | -20.94% | -18.71% | |
57 Neutral | $105.12B | 10.79 | 9.73% | 2.31% | -2.84% | 25.48% |
* Financial Sector Average
MFG
Mizuho Financial
8.60
3.87
81.82%
IBN
Icici Bank
27.47
-3.60
-11.59%
ITUB
Itau Unibanco
9.01
4.00
79.84%
LYG
Lloyds Banking
5.60
1.98
54.91%
PNC
PNC Financial
223.23
73.37
48.96%
USB
US Bancorp
56.33
19.68
53.72%
Mizuho Financial Corporate Events
Mizuho Financial Posts Stronger Capital Ratios as of December 31, 2025
Feb 13, 2026
On February 13, 2026, Mizuho Financial Group reported its regulatory capital ratios as of December 31, 2025, showing solid capitalization at both the group and key subsidiary levels under international and domestic standards. The consolidated Comm...
Mizuho Financial Group Files Form 6-K Backing $1.8 Billion Senior Note Offering
Feb 12, 2026
Mizuho Financial Group, Inc., the Japanese banking and financial services group, continues to leverage global capital markets as part of its broader funding strategy, using its Form F-3 shelf registration in the U.S. to support issuance of senior ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.