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Is Sumitomo Mitsui Financial Group (SMFG) Stock A Great Combo of Value and Growth?
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Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Sumitomo Mitsui Financial Group, Inc. (SMFG - Free Report) .
Sumitomo Mitsui Financial Group in Focus
SMFG may be an interesting play thanks to its forward PE of 5.81, its P/S ratio of 0.99, and its decent dividend yield of 1.87%. These factors suggest that Sumitomo Mitsui Financial Group is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that SMFG has decent revenue metrics to back up its earnings.
But before you think that Sumitomo Mitsui Financial Group is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 6.7% in the past 30 days, thanks to 1 upward revisions in the past two months compared to none lower.
This estimate strength is actually enough to push SMFG to a Zacks Rank #1 (Strong Buy), suggesting it is poised to outperform. So really, Sumitomo Mitsui Financial Group is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
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Is Sumitomo Mitsui Financial Group (SMFG) Stock A Great Combo of Value and Growth?
Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Sumitomo Mitsui Financial Group, Inc. (SMFG - Free Report) .
Sumitomo Mitsui Financial Group in Focus
SMFG may be an interesting play thanks to its forward PE of 5.81, its P/S ratio of 0.99, and its decent dividend yield of 1.87%. These factors suggest that Sumitomo Mitsui Financial Group is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that SMFG has decent revenue metrics to back up its earnings.
SUMITOMO-MITSUI PE Ratio (TTM)
SUMITOMO-MITSUI PE Ratio (TTM) | SUMITOMO-MITSUI Quote
But before you think that Sumitomo Mitsui Financial Group is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 6.7% in the past 30 days, thanks to 1 upward revisions in the past two months compared to none lower.
This estimate strength is actually enough to push SMFG to a Zacks Rank #1 (Strong Buy), suggesting it is poised to outperform. So really, Sumitomo Mitsui Financial Group is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>