2388 Stock Overview
BOC Hong Kong (Holdings) Limited, an investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally.
BOC Hong Kong (Holdings) Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$27.90|
|52 Week High||HK$32.75|
|52 Week Low||HK$22.20|
|1 Month Change||-1.59%|
|3 Month Change||-6.06%|
|1 Year Change||10.71%|
|3 Year Change||5.09%|
|5 Year Change||-25.90%|
|Change since IPO||244.44%|
Recent News & Updates
|2388||HK Banks||HK Market|
Return vs Industry: 2388 exceeded the Hong Kong Banks industry which returned -6.2% over the past year.
Return vs Market: 2388 exceeded the Hong Kong Market which returned -21.6% over the past year.
|2388 Average Weekly Movement||3.5%|
|Banks Industry Average Movement||3.2%|
|Market Average Movement||6.5%|
|10% most volatile stocks in HK Market||12.6%|
|10% least volatile stocks in HK Market||3.2%|
Stable Share Price: 2388 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 2388's weekly volatility (3%) has been stable over the past year.
About the Company
BOC Hong Kong (Holdings) Limited, an investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally. The company operates through four segments: Personal Banking, Corporate Banking, Treasury, and Insurance. It offers savings, current, and time deposit accounts; mortgage plans; payrolls, corporate deposits, and E-cheques services.
BOC Hong Kong (Holdings) Fundamentals Summary
|2388 fundamental statistics|
Is 2388 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2388 income statement (TTM)|
|Cost of Revenue||HK$0|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||2.17|
|Net Profit Margin||49.05%|
How did 2388 perform over the long term?See historical performance and comparison
4.1%Current Dividend Yield
Is 2388 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2388?
Other financial metrics that can be useful for relative valuation.
|What is 2388's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 2388's PE Ratio compare to its peers?
|2388 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
11 Hang Seng Bank
3328 Bank of Communications
998 China CITIC Bank
1658 Postal Savings Bank of China
2388 BOC Hong Kong (Holdings)
Price-To-Earnings vs Peers: 2388 is expensive based on its Price-To-Earnings Ratio (12.8x) compared to the peer average (9.5x).
Price to Earnings Ratio vs Industry
How does 2388's PE Ratio compare vs other companies in the HK Banks Industry?
Price-To-Earnings vs Industry: 2388 is expensive based on its Price-To-Earnings Ratio (12.8x) compared to the Hong Kong Banks industry average (5.3x)
Price to Earnings Ratio vs Fair Ratio
What is 2388'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.
|Current PE Ratio||12.8x|
|Fair PE Ratio||6.2x|
Price-To-Earnings vs Fair Ratio: 2388 is expensive based on its Price-To-Earnings Ratio (12.8x) compared to the estimated Fair Price-To-Earnings Ratio (6.2x).
Share Price vs Fair Value
What is the Fair Price of 2388 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2388 (HK$27.9) is trading below our estimate of fair value (HK$49.57)
Significantly Below Fair Value: 2388 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is BOC Hong Kong (Holdings) forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2388's forecast earnings growth (14.4% per year) is above the savings rate (1.6%).
Earnings vs Market: 2388's earnings (14.4% per year) are forecast to grow slower than the Hong Kong market (16.7% per year).
High Growth Earnings: 2388's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2388's revenue (12.3% per year) is forecast to grow faster than the Hong Kong market (10.1% per year).
High Growth Revenue: 2388's revenue (12.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2388's Return on Equity is forecast to be low in 3 years time (11.4%).
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How has BOC Hong Kong (Holdings) performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2388 has high quality earnings.
Growing Profit Margin: 2388's current net profit margins (49%) are lower than last year (51.2%).
Past Earnings Growth Analysis
Earnings Trend: 2388's earnings have declined by 2.2% per year over the past 5 years.
Accelerating Growth: 2388's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2388 had negative earnings growth (-13.3%) over the past year, making it difficult to compare to the Banks industry average (11.2%).
Return on Equity
High ROE: 2388's Return on Equity (7.6%) is considered low.
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How is BOC Hong Kong (Holdings)'s financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: 2388's Assets to Equity ratio (11.1x) is moderate.
Allowance for Bad Loans: 2388 has a sufficient allowance for bad loans (229%).
Low Risk Liabilities: 85% of 2388's liabilities are made up of primarily low risk sources of funding.
Loan Level: 2388 has an appropriate level of Loans to Assets ratio (44%).
Low Risk Deposits: 2388's Loans to Deposits ratio (57%) is appropriate.
Level of Bad Loans: 2388 has an appropriate level of bad loans (0.3%).
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What is BOC Hong Kong (Holdings) current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2388's dividend (4.05%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.85%).
High Dividend: 2388's dividend (4.05%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.27%).
Stability and Growth of Payments
Stable Dividend: 2388's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2388's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (52%), 2388's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2388's dividends in 3 years are forecast to be covered by earnings (50.5% payout ratio).
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Yu Sun (49 yo)
Mr. Yu Sun serves as Vice Chairman and Chief Executive Officer and Executive Director of BOC Hong Kong (Holdings) Ltd. since December 23, 2020. He serves as Vice Chairman and Chief Executive Officer at Ban...
CEO Compensation Analysis
Compensation vs Market: Yu's total compensation ($USD1.06M) is about average for companies of similar size in the Hong Kong market ($USD997.84K).
Compensation vs Earnings: Yu's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: 2388's management team is considered experienced (3.7 years average tenure).
Experienced Board: 2388's board of directors are considered experienced (3.8 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.
BOC Hong Kong (Holdings) Limited's employee growth, exchange listings and data sources
- Name: BOC Hong Kong (Holdings) Limited
- Ticker: 2388
- Exchange: SEHK
- Founded: 1917
- Industry: Diversified Banks
- Sector: Banks
- Implied Market Cap: HK$294.981b
- Shares outstanding: 10.57b
- Website: https://www.bochk.com
Number of Employees
- BOC Hong Kong (Holdings) Limited
- Bank of China Tower
- 53rd Floor
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/13 00:00|
|End of Day Share Price||2022/08/12 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.