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HSBC Holdings plcLSE:HSBA Stock Report

Market Cap UK£233.4b
Share Price
UK£13.71
UK£14.2
3.4% undervalued intrinsic discount
1Y54.7%
7D-0.8%
1D
Portfolio Value
View

HSBC Holdings plc

LSE:HSBA Stock Report

Market Cap: UK£233.4b

HSBC Holdings (HSBA) Stock Overview

Engages in the provision of banking and financial products and services worldwide. More details

HSBA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance2/6
Financial Health4/6
Dividends3/6

HSBA Community Fair Values

Create Narrative

See what 233 others think this stock is worth. Follow their fair value or set your own to get alerts.

HSBC Holdings plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for HSBC Holdings
Historical stock prices
Current Share PriceUK£13.71
52 Week HighUK£14.17
52 Week LowUK£8.59
Beta0.58
1 Month Change3.89%
3 Month Change7.12%
1 Year Change54.73%
3 Year Change126.53%
5 Year Change212.03%
Change since IPO2,123.57%

Recent News & Updates

Narrative Update Jun 05

HSBA: Future Returns Will Hinge On Conviction Status And AI Cost Cuts

Analysts have lifted the HSBC Holdings price target to £14.20 from £13.67. This reflects updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E, alongside recent supportive research that includes price target increases and the stock being added to a European conviction list.

Recent updates

Narrative Update Jun 05

HSBA: Future Returns Will Hinge On Conviction Status And AI Cost Cuts

Analysts have lifted the HSBC Holdings price target to £14.20 from £13.67. This reflects updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E, alongside recent supportive research that includes price target increases and the stock being added to a European conviction list.
Narrative Update May 01

HSBA: Future Returns Will Depend On Conviction Status And Cost Cutting Execution

HSBC Holdings' updated analyst price target rises by £0.45 per share, with analysts pointing to slightly higher assumed revenue growth, a modestly stronger profit margin profile and a marginally lower discount rate, while Street research has recently moved price targets into a higher £11.50 to £15.40 range and added the stock to conviction and buy lists. Analyst Commentary Recent Street research on HSBC Holdings has focused on recalibrated price targets across a range of investment banks, combined with fresh or reaffirmed ratings that frame how analysts see the balance between upside potential and execution risk.
Narrative Update Apr 17

HSBA: Future Returns Will Depend On Conviction List Status And Cost Discipline

Analysts have raised HSBC Holdings' price targets by £170 to £290 per share in recent weeks, supported by updated models that show relatively stable fair value, discount rate, revenue growth, profit margin and future P/E assumptions. The stock has also been added to a key European conviction list.
Narrative Update Apr 02

HSBA: Future Returns Will Hinge On Cost Discipline And Execution Quality

Analysts have raised their price targets on HSBC Holdings, reflecting a higher internal fair value estimate of £13.53 from £13.17, supported by updated assumptions for revenue growth, profit margins and future P/E, as well as recent target increases from several major banks. Analyst Commentary Recent research updates on HSBC Holdings show a cluster of higher price targets from major banks, giving you a clearer picture of how the market is thinking about the shares on valuation, execution and growth potential.
Narrative Update Mar 17

HSBA: Future Returns Will Depend On Cost Cuts And Capital Discipline

HSBC Holdings' updated fair value estimate has moved higher, reflecting analysts' recent price target increases to around £13.20 to £15.40 per share and their view that slightly stronger revenue growth can offset modestly softer profit margin assumptions and a higher future P/E multiple. Analyst Commentary Recent Street research shows a cluster of price target changes around the £13.20 to £15.40 range, with several large firms adjusting their views on HSBC Holdings in quick succession.
Narrative Update Mar 03

HSBA: Future Returns Will Hinge On Cost Discipline And Capital Allocation

Analysts have lifted their price targets on HSBC Holdings into a higher £1,200 to £1,540 range, reflecting updated views on fair value, a lower discount rate, slightly adjusted revenue growth assumptions, firmer profit margin forecasts and a modestly lower future P/E multiple. Analyst Commentary Recent research suggests a tighter cluster of views around HSBC Holdings, with several banks updating their price targets into the current £1,200 to £1,540 range.
Narrative Update Feb 17

HSBA: Future Returns Will Depend On Cost Discipline And Return On Equity

HSBC Holdings' updated fair value has edged higher, supporting a modest uplift in the implied analyst price target to about £11.74, as analysts cite recent target increases, resumed coverage and upgrades following what they describe as good Q3 results and progress toward cost growth and return-on-equity goals. Analyst Commentary Recent research updates on HSBC point to a generally constructive tone, with several large firms revisiting their views after the latest Q3 report and revised internal targets.
Narrative Update Feb 03

HSBA: Future Returns Will Hinge On Chair Succession Rather Than Execution

Analysts have nudged their fair value estimate for HSBC Holdings higher to £11.54 from £11.25, citing updated assumptions for slightly faster revenue growth, a modestly higher profit margin, and a P/E multiple that lines up with recent price target moves and rating changes from Citi, Erste Group, and Morgan Stanley. Analyst Commentary Recent Street research on HSBC Holdings points to a mix of optimism around execution in the next few years and some caution on how much of that is already reflected in the share price.
New Narrative Jan 28

Hang Seng Privatization And Hong Kong Real Estate Pressures Will Weigh On Future Returns

Catalysts About HSBC Holdings HSBC Holdings is a global banking and financial services group with a large presence in Hong Kong, the U.K., Asia and the Middle East. What are the underlying business or industry changes driving this perspective?
Narrative Update Jan 20

HSBA: Future Returns Will Depend On Chair Succession And Cost Discipline

Analysts have modestly lifted their fair value estimate for HSBC Holdings to £11.25 from £10.88, reflecting updated assumptions on revenue growth, profit margins and future P/E. This follows recent price target increases from £9.50 to £10.10 and to £13.20, alongside a mix of Buy, Equal Weight and upgraded ratings.
Narrative Update Jan 05

HSBA: Future Returns Will Hinge On Succession Outcomes And Capital Allocation Discipline

Analysts have nudged their price targets on HSBC Holdings higher, with moves such as JPMorgan's shift from £9.50 to £10.10 and Citi's increase from £11.20 to £11.60. They cited confidence in the bank's Q3 delivery, progress on cost growth toward a 3% target for 2025, and expectations for at least 15% return on equity in 2025.
Narrative Update Dec 19

HSBA: Future Returns Will Depend On Succession Decisions And Capital Deployment Choices

Analysts have modestly raised their price target on HSBC Holdings, reflecting a slightly higher fair value estimate of approximately $10.88 versus $10.62 previously, supported by expectations for disciplined cost control, solid mid teens returns on equity, and resilient revenue growth despite only marginally higher forward valuation multiples. Analyst Commentary Recent Street research on HSBC Holdings reflects a generally constructive stance on the bank's execution and capital return story, tempered by selective concerns about deal making and capital deployment.
Narrative Update Dec 04

HSBA: Succession Outcomes And Capital Deployment Will Shape Medium Term Returns

The analyst price target for HSBC Holdings has been nudged higher to approximately £10.62 from about £10.77 per share, as analysts balance solid Q3 results, improving revenue growth and margins, and multiple upward target revisions against concerns over capital deployment and deal terms. Analyst Commentary Analyst sentiment around HSBC remains broadly constructive, with several recent target hikes reflecting confidence in the bank's execution on cost control, capital returns, and profitability, partially offset by concerns over capital deployment decisions and deal terms.
Narrative Update Nov 20

HSBA: Ongoing Succession Debate And Capital Moves Will Influence 2025 Outlook

HSBC Holdings' average analyst price target has increased modestly, with recent adjustments reflecting improved forecasts for earnings growth and profitability as analysts react positively to the bank’s solid quarterly performance and outlook. Analyst Commentary Recent street research highlights a spectrum of opinion on HSBC Holdings, with both optimism and caution influencing analyst recommendations and price targets following the bank’s quarterly results and strategic developments.
Narrative Update Nov 02

HSBA: Revenue Momentum And Margin Improvement Will Support Near-Term Stability

HSBC Holdings' analyst fair value price target has increased from £9.96 to £10.66. This reflects analysts' growing optimism due to recent upward earnings revisions, margin improvement, and a strengthened revenue outlook.
Narrative Update Oct 18

Asian Wealth Management And Trade Networks Will Sustain Future Resilience

HSBC Holdings' analyst price target has risen to £11.20, up from £9.60, as analysts point to modest improvements in fundamental estimates and adjust expectations in response to recent strategic developments and deal critiques. Analyst Commentary Recent analyst commentary on HSBC Holdings has highlighted a mix of positive developments and ongoing concerns as experts reassess the bank's strategy, execution, and valuation prospects.
Narrative Update Oct 04

Asian Wealth Management And Trade Networks Will Sustain Future Resilience

The analyst price target for HSBC Holdings has been increased, with recent adjustments showing a rise from £10.10 to £11.20 per share. Analysts cite improved growth outlook and efficiency gains as factors supporting the upward revision.
Narrative Update Sep 19

Asian Wealth Management And Trade Networks Will Sustain Future Resilience

HSBC Holdings' future P/E ratio has dropped notably from 10.86x to 8.22x, indicating improved forward earnings expectations and valuation, while the consensus analyst price target was adjusted marginally higher from £9.49 to £9.65. What's in the News Hackers attempted to steal $77.4M from Brazilian financial institutions, including HSBC's local operations, but HSBC confirmed no customer accounts or funds were impacted and measures were taken to block transactions (Bloomberg).
Narrative Update Sep 04

Asian Wealth Management And Trade Networks Will Sustain Future Resilience

Despite an effectively unchanged analyst price target, HSBC Holdings’ future P/E ratio has dropped sharply, indicating improved earnings expectations or reduced valuation risk. What's in the News Hackers attempted to steal $77.4M from Brazilian financial institutions, including HSBC’s local operations; HSBC confirmed no customer accounts or funds were impacted and security measures have been implemented (Bloomberg).
User avatar
New Narrative Mar 13

Streamlined Operations And Asia Expansion Will Strengthen Future Prospects

Organizational simplifications and AI investments are expected to improve net margins by reducing staffing and operational costs.

Shareholder Returns

HSBAGB BanksGB Market
7D-0.8%-1.2%-0.1%
1Y54.7%42.6%16.7%

Return vs Industry: HSBA exceeded the UK Banks industry which returned 42.6% over the past year.

Return vs Market: HSBA exceeded the UK Market which returned 16.7% over the past year.

Price Volatility

Is HSBA's price volatile compared to industry and market?
HSBA volatility
HSBA Average Weekly Movement4.5%
Banks Industry Average Movement5.3%
Market Average Movement5.6%
10% most volatile stocks in GB Market11.6%
10% least volatile stocks in GB Market3.1%

Stable Share Price: HSBA has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: HSBA's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1865208,844Georges Bahjat Elhederywww.hsbc.com

HSBC Holdings plc engages in the provision of banking and financial products and services worldwide. It operates through four segments: Hong Kong, UK, Corporate and Institutional Banking, and International Wealth and Premier Banking. The Hong Kong segment is involved in the retail banking and wealth and commercial banking of HSBC Hong Kong and Hang Seng Bank.

HSBC Holdings plc Fundamentals Summary

How do HSBC Holdings's earnings and revenue compare to its market cap?
HSBA fundamental statistics
Market capUK£233.35b
Earnings (TTM)UK£15.83b
Revenue (TTM)UK£47.81b
14.9x
P/E Ratio
1.6x
P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HSBA income statement (TTM)
RevenueUS$63.77b
Cost of RevenueUS$0
Gross ProfitUS$63.77b
Other ExpensesUS$42.67b
EarningsUS$21.11b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Aug 04, 2026

Earnings per share (EPS)1.23
Gross Margin100.00%
Net Profit Margin33.10%
Debt/Equity Ratio392.1%

How did HSBA perform over the long term?

See historical performance and comparison

Dividends

4.1%
Current Dividend Yield
61%
Payout Ratio

Does HSBA pay a reliable dividends?

See HSBA dividend history and benchmarks
When do you need to buy HSBA by to receive an upcoming dividend?
HSBC Holdings dividend dates
Ex Dividend DateMay 14 2026
Dividend Pay DateJun 26 2026
Days until Ex dividend26 days
Days until Dividend pay date17 days

Does HSBA pay a reliable dividends?

See HSBA dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/08 17:35
End of Day Share Price 2026/06/08 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

HSBC Holdings plc is covered by 46 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jesús Gómez DominguezBanco Santander
Thomas Andrew RaynerBarclays
Amandeep RakkarBarclays