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HSBC Holdings LSE:HSBA Stock Report

Last Price


Market Cap







24 Jun, 2022


Company Financials +
HSBA fundamental analysis
Snowflake Score
Future Growth4/6
Past Performance5/6
Financial Health5/6

HSBA Stock Overview

HSBC Holdings plc provides banking and financial services worldwide.

HSBC Holdings Competitors













Price History & Performance

Summary of all time highs, changes and price drops for HSBC Holdings
Historical stock prices
Current Share PriceUK£5.37
52 Week HighUK£5.67
52 Week LowUK£3.30
1 Month Change3.07%
3 Month Change3.97%
1 Year Change25.67%
3 Year Change-18.21%
5 Year Change-24.51%
Change since IPO771.30%

Recent News & Updates

Shareholder Returns

HSBAGB BanksGB Market

Return vs Industry: HSBA exceeded the UK Banks industry which returned 0.7% over the past year.

Return vs Market: HSBA exceeded the UK Market which returned -10.4% 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 Movement5.5%
Market Average Movement5.5%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.8%

Stable Share Price: HSBA is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: HSBA's weekly volatility (4%) has been stable over the past year.

About the Company

1865219,763Noel Quinn

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.

HSBC Holdings Fundamentals Summary

How do HSBC Holdings's earnings and revenue compare to its market cap?
HSBA fundamental statistics
Market CapUS$130.89b
Earnings (TTM)US$11.53b
Revenue (TTM)US$48.88b


P/E Ratio


P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HSBA income statement (TTM)
Cost of RevenueUS$0
Gross ProfitUS$48.88b
Other ExpensesUS$37.35b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 01, 2022

Earnings per share (EPS)0.58
Gross Margin100.00%
Net Profit Margin23.59%
Debt/Equity Ratio291.8%

How did HSBA perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is HSBA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HSBA?

Other financial metrics that can be useful for relative valuation.

HSBA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does HSBA's PE Ratio compare to its peers?

HSBA PE Ratio vs Peers
The above table shows the PE ratio for HSBA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7.3x

Price-To-Earnings vs Peers: HSBA is expensive based on its Price-To-Earnings Ratio (11.4x) compared to the peer average (7.3x).

Price to Earnings Ratio vs Industry

How does HSBA's PE Ratio compare vs other companies in the Banks Industry?

Price-To-Earnings vs Industry: HSBA is expensive based on its Price-To-Earnings Ratio (11.4x) compared to the UK Banks industry average (4.6x)

Price to Earnings Ratio vs Fair Ratio

What is HSBA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HSBA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.4x
Fair PE Ratio17.8x

Price-To-Earnings vs Fair Ratio: HSBA is good value based on its Price-To-Earnings Ratio (11.4x) compared to the estimated Fair Price-To-Earnings Ratio (17.8x).

Share Price vs Fair Value

What is the Fair Price of HSBA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HSBA (£5.37) is trading below our estimate of fair value (£10.37)

Significantly Below Fair Value: HSBA is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: HSBA is good value based on its PEG Ratio (0.4x)

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Future Growth

How is HSBC Holdings forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

Future Growth Score


Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HSBA's forecast earnings growth (29.9% per year) is above the savings rate (0.9%).

Earnings vs Market: HSBA's earnings (29.9% per year) are forecast to grow faster than the UK market (10.9% per year).

High Growth Earnings: HSBA's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HSBA's revenue (7.2% per year) is forecast to grow faster than the UK market (4.1% per year).

High Growth Revenue: HSBA's revenue (7.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: HSBA's Return on Equity is forecast to be low in 3 years time (9%).

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Past Performance

How has HSBC Holdings performed over the past 5 years?

Past Performance Score


Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HSBA has high quality earnings.

Growing Profit Margin: HSBA's current net profit margins (23.6%) are higher than last year (13.5%).

Past Earnings Growth Analysis

Earnings Trend: HSBA's earnings have grown by 5.1% per year over the past 5 years.

Accelerating Growth: HSBA's earnings growth over the past year (92.4%) exceeds its 5-year average (5.1% per year).

Earnings vs Industry: HSBA earnings growth over the past year (92.4%) exceeded the Banks industry 88.4%.

Return on Equity

High ROE: HSBA's Return on Equity (6.6%) is considered low.

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Financial Health

How is HSBC Holdings's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score


Financial Health Score 5/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: HSBA's Assets to Equity ratio (14.8x) is moderate.

Allowance for Bad Loans: HSBA has a low allowance for bad loans (57%).

Low Risk Liabilities: 64% of HSBA's liabilities are made up of primarily low risk sources of funding.

Loan Level: HSBA has an appropriate level of Loans to Assets ratio (38%).

Low Risk Deposits: HSBA's Loans to Deposits ratio (63%) is appropriate.

Level of Bad Loans: HSBA has an appropriate level of bad loans (1.7%).

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What is HSBC Holdings's current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: HSBA's dividend (5.45%) is higher than the bottom 25% of dividend payers in the UK market (1.92%).

High Dividend: HSBA's dividend (5.45%) is in the top 25% of dividend payers in the UK market (5.23%)

Stability and Growth of Payments

Stable Dividend: HSBA's dividend payments have been volatile in the past 10 years.

Growing Dividend: HSBA's dividend payments have fallen over the past 10 years.

Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (43.7%), HSBA's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: HSBA's dividends in 3 years are forecast to be well covered by earnings (44.3% payout ratio).

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Noel Quinn (59 yo)





Mr. Noel Paul Quinn has been Group Chief Executive Officer of HSBC Holdings Plc since March 17, 2020 and serves as its Member of Group Management Board. He has been Executive Director of HSBC Holdings Plc...

CEO Compensation Analysis

Compensation vs Market: Noel's total compensation ($USD6.63M) is about average for companies of similar size in the UK market ($USD5.28M).

Compensation vs Earnings: Noel's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: HSBA's management team is considered experienced (2.8 years average tenure).

Board Members

Experienced Board: HSBA's board of directors are considered experienced (5.4 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: HSBA insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

HSBC Holdings plc's employee growth, exchange listings and data sources

Key Information

  • Name: HSBC Holdings plc
  • Ticker: HSBA
  • Exchange: LSE
  • Founded: 1865
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: UK£106.499b
  • Shares outstanding: 19.82b
  • Website:

Number of Employees


  • HSBC Holdings plc
  • 8 Canada Square
  • London
  • Greater London
  • E14 5HQ
  • United Kingdom


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Annual Earnings2021/12/31

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 here.