BOC Hong Kong (Holdings) Past Earnings Performance

Past criteria checks 3/6

BOC Hong Kong (Holdings)'s earnings have been declining at an average annual rate of -2.6%, while the Banks industry saw earnings growing at 12.5% annually. Revenues have been growing at an average rate of 0.4% per year. BOC Hong Kong (Holdings)'s return on equity is 10.8%, and it has net margins of 55.3%.

Key information

-2.6%

Earnings growth rate

-2.6%

EPS growth rate

Banks Industry Growth	10.6%
Revenue growth rate	0.4%
Return on equity	10.8%
Net Margin	55.3%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How BOC Hong Kong (Holdings) makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:BOF Revenue, expenses and earnings (HKD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	59,160	32,723	15,070
30 Sep 23	58,523	31,520	14,913
30 Jun 23	60,605	31,430	14,756
31 Mar 23	57,596	29,242	14,508
31 Dec 22	51,866	25,940	14,259
30 Sep 22	49,240	24,478	14,169
30 Jun 22	46,614	23,016	14,079
31 Mar 22	46,724	22,993	13,963
31 Dec 21	46,834	22,970	13,847
30 Sep 21	47,544	23,412	13,823
30 Jun 21	48,253	23,854	13,798
31 Mar 21	50,008	25,171	13,789
31 Dec 20	51,763	26,487	13,779
30 Sep 20	53,590	28,313	13,874
30 Jun 20	55,416	30,139	13,969
31 Mar 20	55,916	31,162	13,897
31 Dec 19	56,415	32,184	13,825
30 Sep 19	55,405	31,974	13,422
30 Jun 19	54,394	31,763	13,018
31 Mar 19	53,841	31,917	12,818
31 Dec 18	53,287	32,070	12,618
30 Sep 18	52,519	31,654	12,346
30 Jun 18	51,751	31,238	12,073
31 Mar 18	49,844	29,906	11,842
31 Dec 17	47,936	28,574	11,610
30 Sep 17	46,690	28,148	11,319
30 Jun 17	45,444	27,722	11,027
31 Mar 17	43,716	26,148	10,701
31 Dec 16	41,987	24,574	10,374
30 Sep 16	40,566	23,997	10,076
30 Jun 16	39,144	23,420	9,777
31 Mar 16	39,320	23,589	9,677
31 Dec 15	39,495	23,757	9,576
30 Jun 15	36,817	21,930	8,439
31 Mar 15	37,275	21,929	8,740
31 Dec 14	37,733	21,927	9,040
30 Sep 14	42,312	23,830	10,662
30 Jun 14	41,416	23,083	10,509
31 Mar 14	40,497	22,668	10,301
31 Dec 13	39,577	22,252	10,092
30 Sep 13	37,886	21,596	9,920
30 Jun 13	36,194	20,939	9,748

Quality Earnings: BOF has high quality earnings.

Growing Profit Margin: BOF's current net profit margins (55.3%) are higher than last year (50%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BOF's earnings have declined by 2.6% per year over the past 5 years.

Accelerating Growth: BOF's earnings growth over the past year (26.1%) exceeds its 5-year average (-2.6% per year).

Earnings vs Industry: BOF earnings growth over the past year (26.1%) did not outperform the Banks industry 27%.

Return on Equity

High ROE: BOF's Return on Equity (10.8%) is considered low.

Return on Assets

Return on Capital Employed

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BOC Hong Kong (Holdings) Past Earnings Performance

Past criteria checks 3/6

Key information

Recent past performance updates

BOC Hong Kong (Holdings) Limited to Report Q1, 2024 Results on Apr 29, 2024

Full year 2023 earnings released: EPS: HK$3.10 (vs HK$2.56 in FY 2022)

BOC Hong Kong (Holdings) Limited to Report Fiscal Year 2023 Results on Mar 28, 2024

BOC Hong Kong (Holdings) Limited to Report Q3, 2023 Results on Oct 30, 2023

First half 2023 earnings released: EPS: HK$1.61 (vs HK$1.19 in 1H 2022)

BOC Hong Kong (Holdings) Limited to Report First Half, 2023 Results on Aug 30, 2023

Recent updates

BOC Hong Kong (Holdings) Limited to Report Q1, 2024 Results on Apr 29, 2024

BOC Hong Kong (Holdings) Limited, Annual General Meeting, Jun 27, 2024

Full year 2023 earnings released: EPS: HK$3.10 (vs HK$2.56 in FY 2022)

BOC Hong Kong (Holdings) Limited to Report Fiscal Year 2023 Results on Mar 28, 2024

BOC Hong Kong (Holdings) Limited and Bank of China (Hong Kong) Limited Appoint MA Si Hang Frederick as Independent Non-Executive Director and Member of Board Committees

BOC Hong Kong (Holdings) Limited to Report Q3, 2023 Results on Oct 30, 2023

Upcoming dividend of HK$0.53 per share at 6.5% yield

First half 2023 earnings released: EPS: HK$1.61 (vs HK$1.19 in 1H 2022)

BOC Hong Kong (Holdings) Limited Announces an Interim Dividend for the Six Months Ended 30 June 2023, Payable on 29 September 2023

BOC Hong Kong (Holdings) Limited to Report First Half, 2023 Results on Aug 30, 2023

High number of new directors

BOC Hong Kong (Holdings) Limited and Bank of China (Hong Kong) Limited Announces Executive Changes

Upcoming dividend of HK$0.91 per share at 5.7% yield

Full year 2022 earnings released: EPS: HK$2.56 (vs HK$2.17 in FY 2021)

BOC Hong Kong (Holdings) Limited to Report Q3, 2022 Results on Oct 28, 2022

BOC Hong Kong (Holdings) Limited and Bank of China (Hong Kong) Limited Appoint Mr. Lee Sunny Wai Kwong as Independent Non-Executive Director, A Member of Each of Audit Committee, Risk Committee, Strategy and Budget Committee as Well as Sustainability Committee

Upcoming dividend of HK$0.45 per share

First half 2022 earnings released: EPS: HK$1.27 (vs HK$1.19 in 1H 2021)

Boc Hong Kong (Holdings) Limited Declares Interim Dividend for the Six Months Ended 30 June 2022, Payable on 30 September 2022

BOC Hong Kong (Holdings) Limited to Report First Half, 2022 Results on Aug 30, 2022

BOC Hong Kong (Holdings) Limited Approves Final Dividend for the Year Ended 31 December 2021

Upcoming dividend of HK$0.68 per share

Less than half of directors are independent

BOC Hong Kong (Holdings) Limited to Report Q1, 2022 Results on Apr 29, 2022

Full year 2021 earnings released: EPS: HK$2.17 (vs HK$2.51 in FY 2020)

BOC Hong Kong (Holdings) Limited, Annual General Meeting, Jun 29, 2022

BOC Hong Kong (Holdings) Limited Announces Dividend for the Year Ended December 31, 2021, Payable on 15 July 2022

Boc Hong Kong (Holdings) Limited Appoints Madam Fung Yuen Mei Anita as Independent Non-Executive Director

Upcoming dividend of HK$0.45 per share

First half 2021 earnings released: EPS HK$1.19 (vs HK$1.44 in 1H 2020)

BOC Hong Kong (Holdings) Limited Declares Final Dividend for the Year Ended 31 December 2020

Upcoming dividend of HK$0.80 per share

Full year 2020 earnings released: EPS HK$2.51 (vs HK$3.04 in FY 2019)

BOC Hong Kong (Holdings) Limited to Report Fiscal Year 2020 Results on Mar 30, 2021

Vice Chairman Jiang Wang has left the company

BOC Hong Kong (Holdings) Limited Announces Resignation of Wang Jiang as Vice Chairman, Non-Executive Director, Member of Each of the Nomination and Remuneration Committee

BOC Hong Kong (Holdings) Limited Announces Re-Designation of Sun Yu from Non-Executive Director to Vice Chairman

New 90-day high: €2.72

New 90-day high: €2.47

New 90-day low: €2.24

First half earnings released

BOC Hong Kong (Holdings) Limited to Report First Half, 2020 Results on Aug 30, 2020

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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Revenue & Expenses Breakdown
Beta