Standard Chartered
Standard Chartered PLC., together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, and the Middle East. The last earnings update was 23 days ago. More info.
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2888 Share Price and Events
7 Day Returns
1 Year Returns
2888 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Standard Chartered (2888) | -0.7% | -1.6% | 6.9% | -15.9% | 9.2% | -61.2% |
| HK Banks | 0.7% | -7.4% | -6% | -16% | 24.6% | 8.1% |
| HK Market | -2.2% | -9.5% | -6% | -15.4% | 22% | 6.7% |
1 Year Return vs Industry and Market
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Standard Chartered
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Standard Chartered.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 18 analysts.
= Stable Book Value * Return on Equity = $15.09 * 6.5% |
$0.98 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 11 analysts. | $15.09 |
| Discount Rate (Cost of Equity) | See below | 7.3% |
| Perpetual Growth Rate | 10-Year HK Government Bond Rate | 2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year HK Govt Bond Rate | 2% |
| Equity Risk Premium | S&P Global | 6.7% |
| Banks Unlevered Beta | Simply Wall St/ S&P Global | 0.59 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.589 (1 + (1- 19%) (0%)) |
0.725 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.8 * 6.65%) |
7.32% |
Discounted Cash Flow Calculation for SEHK:2888 using Excess Returns Model Model
The calculations below outline how an intrinsic value for Standard Chartered is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (6.5% – 7.32%) * $15.09) |
$-0.13 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $-0.13 / (7.32% - 2%) |
$-2.37 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $15.09 + $-2.37 |
$12.72 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | USD/GBP
(Reporting currency to currency of LSE:STAN) |
0.791 |
| Value per Share (GBP) |
= Value per Share in USD x Exchange Rate (USD/GBP)
= $12.72 x 0.791 |
£10.05 |
| Value per share (HKD) | From above. | HK$99.00 |
| Current discount | Discount to share price of
HK$67.75
= -1 x (HK$67.75 - HK$99.00) / HK$99.00 |
31.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Standard Chartered's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Standard Chartered's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Standard Chartered's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Standard Chartered's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $0.19 |
| LSE:STAN Share Price ** | LSE (2019-05-23) in GBP | £6.88 |
| LSE:STAN Share Price converted to USD reporting currency | Exchange rate (GBP/ USD) 1.265 | $8.7 |
| Hong Kong Banks Industry PE Ratio | Median Figure of 31 Publicly-Listed Banks Companies | 6.15x |
| Hong Kong Market PE Ratio | Median Figure of 1,478 Publicly-Listed Companies | 11.07x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Standard Chartered.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = LSE:STAN Share Price ÷ EPS (both in USD) = 8.7 ÷ 0.19 |
46.55x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Standard Chartered is overvalued based on earnings compared to the HK Banks industry average.
- Standard Chartered is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does
Standard Chartered's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 46.55x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts |
19.6%per year |
| Hong Kong Banks Industry PEG Ratio | Median Figure of 16 Publicly-Listed Banks Companies | 0.86x |
| Hong Kong Market PEG Ratio | Median Figure of 463 Publicly-Listed Companies | 0.79x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 46.55x ÷ 19.6% |
2.38x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Standard Chartered is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Standard Chartered's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $15.15 |
| LSE:STAN Share Price * | LSE (2019-05-23) in GBP | £6.88 |
| LSE:STAN Share Price converted to USD reporting currency | Exchange rate (GBP/ USD) 1.265 | $8.7 |
| Hong Kong Banks Industry PB Ratio | Median Figure of 31 Publicly-Listed Banks Companies | 0.7x |
| Hong Kong Market PB Ratio | Median Figure of 2,157 Publicly-Listed Companies | 0.97x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = LSE:STAN Share Price ÷ Book Value per Share (both in USD) = 8.7 ÷ 15.15 |
0.57x |
* Primary Listing of Standard Chartered.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Standard Chartered is good value based on assets compared to the HK Banks industry average.
Value checks
We assess Standard Chartered's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) Standard Chartered has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Standard Chartered's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
- Standard Chartered's earnings growth is expected to exceed the Hong Kong market average.
- Standard Chartered's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SEHK:2888 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts | 19.6% |
| SEHK:2888 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts | 5.3% |
| Hong Kong Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 6.4% |
| Hong Kong Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 8.8% |
| Hong Kong Market Earnings Growth Rate | Market Cap Weighted Average | 11.4% |
| Hong Kong Market Revenue Growth Rate | Market Cap Weighted Average | 10.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 18 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 17,753 | 3,620 | 3 | |
| 2021-12-31 | 17,091 | 3,294 | 16 | |
| 2020-12-31 | 16,239 | 2,820 | 16 | |
| 2019-12-31 | 15,407 | 2,383 | 15 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 14,033 | 633 | |
| 2018-12-31 | 13,980 | -5,924 | 618 |
| 2018-09-30 | 14,334 | 1,356 | |
| 2018-06-30 | 14,042 | -10,516 | 1,146 |
| 2018-03-31 | 13,616 | 1,092 | |
| 2017-12-31 | 13,209 | -27,085 | 774 |
| 2017-09-30 | 12,779 | 1,292 | |
| 2017-06-30 | 12,349 | -5,701 | 28 |
| 2017-03-31 | 11,864 | -3,244 | -225 |
| 2016-12-31 | 11,378 | -786 | -478 |
| 2016-09-30 | 10,496 | 30,512 | -1,918 |
| 2016-06-30 | 9,613 | 61,810 | -3,357 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 18 Analyst Estimates (S&P Global) | See Below |
All data from Standard Chartered Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 1.20 | 1.36 | 0.95 | 3.00 |
| 2021-12-31 | 1.08 | 1.34 | 0.75 | 14.00 |
| 2020-12-31 | 0.90 | 1.06 | 0.69 | 16.00 |
| 2019-12-31 | 0.73 | 0.88 | 0.50 | 16.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | |
| 2018-12-31 | 0.19 |
| 2018-09-30 | |
| 2018-06-30 | 0.35 |
| 2018-03-31 | |
| 2017-12-31 | 0.24 |
| 2017-09-30 | |
| 2017-06-30 | 0.01 |
| 2017-03-31 | -0.07 |
| 2016-12-31 | -0.15 |
| 2016-09-30 | -0.62 |
| 2016-06-30 | -1.16 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Standard Chartered's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Standard Chartered has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Standard Chartered performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Standard Chartered's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Standard Chartered's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Standard Chartered's 1-year earnings growth is negative, it can't be compared to the HK Banks industry average.
Earnings and Revenue History
All data from Standard Chartered Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 14,033.00 | 633.00 | 11,494.00 | |
| 2018-12-31 | 13,980.00 | 618.00 | 11,494.00 | |
| 2018-09-30 | 14,334.00 | 1,356.00 | 10,332.00 | |
| 2018-06-30 | 14,042.00 | 1,146.00 | 10,647.00 | |
| 2018-03-31 | 13,615.50 | 1,091.50 | 7,897.00 | |
| 2017-12-31 | 13,209.00 | 774.00 | 10,332.00 | |
| 2017-09-30 | 12,779.00 | 1,291.50 | 2,715.50 | |
| 2017-06-30 | 12,349.00 | 28.00 | 10,301.00 | |
| 2017-03-31 | 11,863.50 | -225.00 | 10,138.00 | |
| 2016-12-31 | 11,378.00 | -478.00 | 9,975.00 | |
| 2016-09-30 | 10,495.50 | -1,917.50 | 9,977.50 | |
| 2016-06-30 | 9,613.00 | -3,357.00 | 9,980.00 | |
| 2016-03-31 | 10,350.50 | -2,858.50 | 10,229.00 | |
| 2015-12-31 | 11,088.00 | -2,360.00 | 10,478.00 | |
| 2015-09-30 | 12,865.50 | -348.00 | 10,741.00 | |
| 2015-06-30 | 14,643.00 | 1,664.00 | 11,004.00 | |
| 2015-03-31 | 15,286.00 | 2,088.00 | 11,024.50 | |
| 2014-12-31 | 15,929.00 | 2,512.00 | 11,045.00 | |
| 2014-09-30 | 16,036.00 | 3,340.00 | 10,643.50 | |
| 2014-06-30 | 16,143.00 | 4,168.00 | 10,242.00 | |
| 2014-03-31 | 16,601.50 | 4,078.50 | 10,217.50 | |
| 2013-12-31 | 17,060.00 | 3,989.00 | 10,193.00 | |
| 2013-09-30 | 17,448.50 | 4,050.00 | 10,535.00 | |
| 2013-06-30 | 17,837.00 | 4,111.00 | 10,877.00 | |
| 2013-03-31 | 17,569.00 | 4,448.50 | 10,799.50 | |
| 2012-12-31 | 17,301.00 | 4,786.00 | 10,722.00 | |
| 2012-09-30 | 17,144.50 | 4,912.00 | 10,317.50 | |
| 2012-06-30 | 16,988.00 | 5,038.00 | 9,913.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Standard Chartered has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Standard Chartered used its assets less efficiently than the HK Banks industry average last year based on Return on Assets.
- Unable to establish if Standard Chartered improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Standard Chartered's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Standard Chartered has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Standard Chartered Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 51,101.00 | 0.00 | 9,326.00 |
| 2018-12-31 | 50,352.00 | 160,470.00 | 219,527.00 |
| 2018-09-30 | 51,643.00 | 4,514.00 | 8,805.00 |
| 2018-06-30 | 51,488.00 | 173,375.00 | 193,148.00 |
| 2018-03-31 | 51,807.00 | 158,462.00 | 203,702.00 |
| 2017-12-31 | 51,807.00 | 158,462.00 | 203,702.00 |
| 2017-09-30 | |||
| 2017-06-30 | 51,362.00 | 122,368.00 | 141,404.00 |
| 2017-03-31 | 51,362.00 | 122,368.00 | 141,404.00 |
| 2016-12-31 | 48,658.00 | 175,297.00 | 229,777.00 |
| 2016-09-30 | 48,658.00 | 175,297.00 | 229,777.00 |
| 2016-06-30 | 48,821.00 | 149,038.00 | 147,329.00 |
| 2016-03-31 | 48,821.00 | 149,038.00 | 147,329.00 |
| 2015-12-31 | 48,512.00 | 152,588.00 | 208,683.00 |
| 2015-09-30 | 48,512.00 | 152,588.00 | 208,683.00 |
| 2015-06-30 | 49,344.00 | 161,229.00 | 158,230.00 |
| 2015-03-31 | 49,344.00 | 161,229.00 | 158,230.00 |
| 2014-12-31 | 46,738.00 | 167,048.00 | 260,457.00 |
| 2014-09-30 | 46,738.00 | 167,048.00 | 260,457.00 |
| 2014-06-30 | 48,562.00 | 143,748.00 | 146,784.00 |
| 2014-03-31 | 48,562.00 | 143,748.00 | 146,784.00 |
| 2013-12-31 | 46,841.00 | 153,045.00 | 195,696.00 |
| 2013-09-30 | 46,841.00 | 153,045.00 | 195,696.00 |
| 2013-06-30 | 45,358.00 | 130,864.00 | 140,304.00 |
| 2013-03-31 | 45,358.00 | 130,864.00 | 140,304.00 |
| 2012-12-31 | 46,055.00 | 127,020.00 | 171,415.00 |
| 2012-09-30 | 46,055.00 | 127,020.00 | 171,415.00 |
| 2012-06-30 | 42,934.00 | 133,746.00 | 140,655.00 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- Standard Chartered has an acceptable proportion of non-loan assets held.
- Standard Chartered's liabilities are made up of primarily low risk sources of funding.
- Loans at Standard Chartered are broadly funded by customer deposits.
- Standard Chartered's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
- Standard Chartered has a low allowance for bad loans.
- Standard Chartered has a high level of bad loans (greater than 2%).
Financial health checks
We assess Standard Chartered's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Standard Chartered has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Standard Chartered's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
HK$2,000 of
Standard Chartered
shares you are expected to receive
HK$48
in your first year as a dividend.
Dividend Amount
- Standard Chartered's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
- Standard Chartered's dividend is below the markets top 25% of dividend payers in Hong Kong (5.77%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 18 Analyst Estimates (S&P Global) | See Below |
| Hong Kong Banks Industry Average Dividend Yield | Market Cap Weighted Average of 29 Stocks | 5.2% |
| Hong Kong Market Average Dividend Yield | Market Cap Weighted Average of 968 Stocks | 3.7% |
| Hong Kong Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Hong Kong Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Hong Kong Top 25% Dividend Yield | 75th Percentile | 5.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-12-31 | 0.45 | 3.00 |
| 2021-12-31 | 0.41 | 17.00 |
| 2020-12-31 | 0.33 | 19.00 |
| 2019-12-31 | 0.26 | 18.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-26 | 0.210 | 2.505 |
| 2018-10-31 | 0.120 | 1.544 |
| 2018-07-31 | 0.120 | 1.506 |
| 2018-02-28 | 0.110 | 1.111 |
| 2017-04-26 | 0.000 | 0.000 |
| 2017-02-24 | 0.000 | 0.000 |
| 2016-11-01 | 0.000 | 0.000 |
| 2016-08-03 | 0.000 | 0.000 |
| 2016-04-26 | 0.000 | 0.000 |
| 2015-11-03 | 0.000 | 0.000 |
| 2015-03-04 | 0.860 | 6.199 |
| 2014-09-04 | 0.860 | 5.523 |
| 2014-03-05 | 0.860 | 4.070 |
| 2013-08-06 | 0.856 | 3.765 |
| 2013-03-05 | 0.840 | 3.494 |
| 2012-03-22 | 0.760 | 3.229 |
| 2012-02-29 | 0.760 | 2.996 |
| 2011-04-08 | 0.692 | 2.940 |
| 2011-03-25 | 0.692 | 2.597 |
| 2011-03-16 | 0.692 | 2.684 |
| 2011-03-02 | 0.692 | 2.622 |
| 2010-06-03 | 0.660 | 2.394 |
| 2010-05-17 | 0.660 | 2.774 |
| 2010-03-26 | 0.660 | 2.496 |
| 2010-03-03 | 0.660 | 2.495 |
| 2009-08-04 | 0.636 | 2.608 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have fallen over the past 10 years.
Income/ dividend checks
We assess Standard Chartered's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Standard Chartered afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Standard Chartered has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $5,950,000 |
| AGE | 57 |
| TENURE AS CEO | 3.9 years |
CEO Bio
Mr. William Thomas Winters, also known as Bill, CBE has been the Group Chief Executive Officer of Standard Chartered PLC and Standard Chartered Bank since June 10, 2015. Mr. Winters served as the Chairman of Standard Chartered Bank until 2019. He also serves on the Board of Colgate University. He has been an Executive Director of Standard Chartered PLC & Standard Chartered Bank since June 10, 2015 and June 01, 2015 respectively. He joined Standard Chartered in May 2015. He served as the Chairman and Chief Executive Officer of Renshaw Bay from 2011 to 2015. Mr. Winters founded the Renshaw Bay in February 2011. He has had a distinguished career in banking, with JP Morgan in diverse leadership roles. He joined JPMorgan in 1983. He served as Co-Chief Executive of JP Morgan Investment Bank from 2004 to 2009. Prior to this, he served as the Co-Chief Executive Officer at JPMorgan’s investment bank from 2003 to 2010 and served as its Deputy Head of the Investment Bank and Head of Credit and Rate Markets at JPMorgan Chase & Co. from March 2004 to September 2009. Mr. Winters was responsible for oversight for Europe and Asia-Pacific along with working in various corporate finance and markets areas of it and also served as the Head of Global Markets at J.P. Morgan & Co. Incorporated. He served as a Non-Executive Director of Pension Insurance Corporation PLC since October 22, 2012 until October 01, 2015. He has been an Independent Non-Executive Director of Novartis International AG and Novartis AG since 2013. He serves as a Director of The Young Vic Company Limited. He has been a Director at Standard Chartered Bank since June 10, 2015. He served as a Non-Executive Director of RIT Capital Partners plc from October 10, 2011 to July 26, 2012. He served as a Director of J.P. Morgan Cazenove Limited since November 2004. He is a career banker with significant frontline global banking experience and a proven track record of leadership and financial success. He has extensive experience of working in emerging markets and a proven record in spotting and nurturing talent. Mr. Winters is a Member of the Board of the Young Vic Theatre and the Chairman of The Print Room. He was invited to be a committee Member of the Independent Commission on Banking, established by the UK government in 2010 to recommend ways to improve competition and financial stability in banking. Subsequently, he served as advisor to the Parliamentary Commission on Banking Standards and was asked by the Court of the Bank of England to complete an independent review of the bank’s liquidity operations. He was a commissioner on the UK Independent Commission on Banking in 2010 and 2011 and was awarded the title of Commander of the Order of the British Empire in 2013. He published a review in 2012 into the Bank of England’s framework for providing liquidity to the banking system. He received a CBE in 2013. Mr. Winters received an MBA from University of Pennsylvania - The Wharton School and a Bachelor’s Degree in International Relations from Colgate University.
CEO Compensation
- Bill's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
- Bill's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure
Average tenure and age of the Standard Chartered management team in years:
- The tenure for the Standard Chartered management team is about average.
Management Team
Bill Winters
Group Chief Executive & Director
$6M
57
3.9 yrs
Andy Halford
Group CFO & Director
$4M
59
4.8 yrs
David Whiteing
Group Chief Operating Officer
49
0.3 yrs
Sumit Dayal
Group Head of Corporate Finance
4.1 yrs
Michael Gorriz
Group Chief Information Officer
58
3.8 yrs
Mark Stride
Global Head of Investor Relations
David Fein
Group General Counsel
57
5.7 yrs
Tracey McDermott
Group Head of Corporate Affairs
48
1.2 yrs
Jon Tracey
Global Head of Communications & Head of Media Relations
Tanuj Kapilashrami
Group Head of Human Resources
40
0.5 yrs
Board of Directors Tenure
Average tenure and age of the Standard Chartered board of directors in years:
- The tenure for the Standard Chartered board of directors is about average.
Board of Directors
José Viñals Iñiguez
Group Chairman
$1M
64
2.4 yrs
Bill Winters
Group Chief Executive & Director
$6M
57
3.9 yrs
Naguib Kheraj
Deputy Chairman
$357K
54
2.4 yrs
Andy Halford
Group CFO & Director
$4M
59
4.8 yrs
Mary Huen
Head of Retail Clients-Greater China Region
63
Christine Hodgson
Senior Independent Director
$304K
54
1.3 yrs
Jasmine Whitbread
Independent Non-Executive Director
$206K
54
4.1 yrs
Gay Evans
Independent Non-Executive Director
$192K
64
4.1 yrs
David Conner
Independent Non-Executive Director
$266K
70
3.3 yrs
Louis Cheung
Independent Non-Executive Director
$135K
55
6.3 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Standard Chartered insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13. Mar 19 | Buy | Mark Smith | Individual | 11. Mar 19 | 11. Mar 19 | 33,823 | HK$62.80 | HK$2,124,139 | ||
| 13. Mar 19 | Buy | Sunil Kaushal | Individual | 11. Mar 19 | 11. Mar 19 | 41,054 | HK$62.80 | HK$2,578,257 | ||
| 13. Mar 19 | Buy | Tracy Clarke | Individual | 11. Mar 19 | 11. Mar 19 | 29,709 | HK$62.80 | HK$1,865,773 | ||
| 13. Mar 19 | Buy | Pi Cheng Hung | Individual | 11. Mar 19 | 11. Mar 19 | 63,466 | HK$62.80 | HK$3,985,766 | ||
| 13. Mar 19 | Buy | William Winters | Individual | 11. Mar 19 | 11. Mar 19 | 162,509 | HK$62.80 | HK$10,205,825 | ||
| 13. Mar 19 | Buy | Andrew Halford | Individual | 11. Mar 19 | 11. Mar 19 | 52,776 | HK$62.80 | HK$3,314,417 | ||
| 06. Nov 18 | Buy | Sunil Kaushal | Individual | 05. Nov 18 | 05. Nov 18 | 60,000 | HK$58.29 | HK$3,497,303 | ||
| 06. Nov 18 | Buy | William Winters | Individual | 05. Nov 18 | 05. Nov 18 | 140,000 | HK$58.68 | HK$8,215,462 | ||
| 05. Nov 18 | Buy | Jasmine Whitbread | Individual | 02. Nov 18 | 02. Nov 18 | 1,000 | HK$59.01 | HK$59,008 | ||
| 05. Nov 18 | Buy | José Viñals Iñiguez | Individual | 02. Nov 18 | 02. Nov 18 | 10,000 | HK$58.99 | HK$589,878 | ||
| 05. Nov 18 | Buy | Byron Grote | Individual | 01. Nov 18 | 02. Nov 18 | 10,500 | HK$59.13 | HK$620,263 | ||
| 05. Nov 18 | Buy | Naguib Kheraj | Individual | 02. Nov 18 | 02. Nov 18 | 38,000 | HK$58.96 | HK$2,240,304 | ||
| 25. Sep 18 | Buy | Byron Grote | Individual | 21. Sep 18 | 21. Sep 18 | 5,000 | HK$66.15 | HK$330,769 | ||
Management checks
We assess Standard Chartered's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Standard Chartered has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
Company Info
Description
Standard Chartered PLC., together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments. It offers retail products, such as deposits, savings, mortgages, credit cards, and personal loans; wealth management that include investments, portfolio management, insurance and advices, and planning services; and transaction banking services, such as cash management, payments and transactions, securities services, and trade financing products. The company also provides corporate finance products and services that include structured and project financing, strategic advising, and mergers and acquisitions; and financial market services, such as investment, risk management, and debt capital markets. It serves corporations, financial institutions, governments, high net worth individuals, small businesses, mid-sized companies, and individuals. The company operates through approximately 1,026 branches. Standard Chartered PLC was founded in 1853 and is headquartered in London, the United Kingdom.
Details
| Name: | Standard Chartered PLC |
| 2888 | |
| Exchange: | SEHK |
| Founded: | 1853 |
| £224,716,898,676 | |
| 3,289,851,218 | |
| Website: | http://www.sc.com |
| Address: |
Standard Chartered PLC 1 Basinghall Avenue, London, Greater London, EC2V 5DD, United Kingdom |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| LSE | STAN | Ordinary Shares | London Stock Exchange | GB | GBP | 05. May 1994 | |
| OTCPK | SCBF.F | Ordinary Shares | Pink Sheets LLC | US | USD | 05. May 1994 | |
| DB | STD | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 05. May 1994 | |
| SEHK | 2888 | Ordinary Shares | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 05. May 1994 | |
| SHSC | 2888 | Ordinary Shares | Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect | HK | HKD | 05. May 1994 | |
| SZSC | 2888 | Ordinary Shares | The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect | HK | HKD | 05. May 1994 | |
| BATS-CHIXE | STANL | Ordinary Shares | BATS 'Chi-X Europe' | GB | GBP | 05. May 1994 | |
| LSE | 58GZ | 6.409%-FRN PERP USD 'REGS' | London Stock Exchange | GB | USD | 18. Mar 2009 | |
| LSE | 37ZL | ADS EACH REPR 1 NON-CUM RED PRF SH'REGS' | London Stock Exchange | GB | USD | 01. Jun 2007 | |
| BSE | 580001 | IDR EACH REPR 0.10 SHARE | Mumbai Stock Exchange | IN | INR | 15. Jun 2010 | |
| DB | STDK | 6.409%-FRN PERP USD 'REGS' | Deutsche Boerse AG | DE | USD | 18. Mar 2009 |
Number of employees
Current staff
Industry
| Diversified Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/23 12:43 |
| End of day share price update: | 2019/05/23 00:00 |
| Last estimates confirmation: | 2019/05/22 |
| Last earnings filing: | 2019/04/30 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
