Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprise, and institutional customers in Hong Kong, Mainland China, and internationally.
Hang Seng Bank Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$146.60|
|52 Week High||HK$118.70|
|52 Week Low||HK$166.70|
|1 Month Change||10.98%|
|3 Month Change||-3.30%|
|1 Year Change||18.42%|
|3 Year Change||-19.50%|
|5 Year Change||3.60%|
|Change since IPO||405.91%|
Recent News & Updates
|11||HK Banks||HK Market|
Return vs Industry: 11 exceeded the Hong Kong Banks industry which returned 1.9% over the past year.
Return vs Market: 11 exceeded the Hong Kong Market which returned 6.7% over the past year.
Stable Share Price: 11 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: 11's weekly volatility (2%) has been stable over the past year.
About the Company
|1933||9,704||Diana Ferreira Cesar||https://www.hangseng.com|
Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprise, and institutional customers in Hong Kong, Mainland China, and internationally. It operates through four segments: Wealth and Personal Banking, Commercial Banking, Global Banking and Markets, and Other. The company offers personal banking services, including current and savings accounts, time deposits, mortgages and personal loans, credit cards, and insurance and wealth management services, as well as consumer lending services.
Hang Seng Bank Fundamentals Summary
|11 fundamental statistics|
Is 11 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|11 income statement (TTM)|
|Cost of Revenue||HK$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||8.16|
|Net Profit Margin||47.62%|
How did 11 perform over the long term?See historical performance and comparison
3.8%Current Dividend Yield
Is Hang Seng Bank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 11 (HK$146.6) is trading below our estimate of fair value (HK$153.51)
Significantly Below Fair Value: 11 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 11 is poor value based on its PE Ratio (18x) compared to the Hong Kong Banks industry average (5.6x).
PE vs Market: 11 is poor value based on its PE Ratio (18x) compared to the Hong Kong market (9.6x).
Price to Earnings Growth Ratio
PEG Ratio: 11 is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: 11 is overvalued based on its PB Ratio (1.5x) compared to the HK Banks industry average (0.4x).
How is Hang Seng Bank forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 11's forecast earnings growth (10.7% per year) is above the savings rate (1.5%).
Earnings vs Market: 11's earnings (10.7% per year) are forecast to grow slower than the Hong Kong market (17.6% per year).
High Growth Earnings: 11's earnings are forecast to grow, but not significantly.
Revenue vs Market: 11's revenue (8.4% per year) is forecast to grow slower than the Hong Kong market (12.4% per year).
High Growth Revenue: 11's revenue (8.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 11's Return on Equity is forecast to be low in 3 years time (12.8%).
How has Hang Seng Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 11 has a high level of non-cash earnings.
Growing Profit Margin: 11's current net profit margins (47.6%) are lower than last year (59.9%).
Past Earnings Growth Analysis
Earnings Trend: 11's earnings have grown by 2.1% per year over the past 5 years.
Accelerating Growth: 11's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 11 had negative earnings growth (-21.7%) over the past year, making it difficult to compare to the Banks industry average (6.4%).
Return on Equity
High ROE: 11's Return on Equity (8.9%) is considered low.
How is Hang Seng Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: 11's Assets to Equity ratio (9.8x) is low.
Allowance for Bad Loans: 11 has a low allowance for bad loans (73%).
Low Risk Liabilities: 82% of 11's liabilities are made up of primarily low risk sources of funding.
Loan Level: 11 has an appropriate level of Loans to Assets ratio (56%).
Low Risk Deposits: 11's Loans to Deposits ratio (77%) is appropriate.
Level of Bad Loans: 11 has an appropriate level of bad loans (0.7%).
What is Hang Seng Bank current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 11's dividend (3.75%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.24%).
High Dividend: 11's dividend (3.75%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.8%).
Stability and Growth of Payments
Stable Dividend: 11's dividend payments have been volatile in the past 10 years.
Growing Dividend: 11's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (71%), 11's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 11's dividends in 3 years are forecast to be covered by earnings (63.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Diana Ferreira Cesar (52 yo)
Ms. Diana Ferreira Cesar serves as Chief Executive Officer of Hong Kong at The Hongkong and Shanghai Banking Corporation Limited. Ms. Cesar has been the Chief Executive Officer of Hong Kong at HSBC Holding...
Experienced Management: 11's management team is considered experienced (4.3 years average tenure).
Experienced Board: 11's board of directors are considered experienced (4.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Hang Seng Bank Limited's employee growth, exchange listings and data sources
- Name: Hang Seng Bank Limited
- Ticker: 11
- Exchange: SEHK
- Founded: 1933
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: HK$278.938b
- Shares outstanding: 1.91b
- Website: https://www.hangseng.com
Number of Employees
- Hang Seng Bank Limited
- 83 Des Voeux Road
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 10:03|
|End of Day Share Price||2021/10/26 00:00|
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.