BOC Hong Kong (Holdings) Limited

SEHK:82388 Stock Report

Market Cap: CN¥359.9b

BOC Hong Kong (Holdings) Valuation

Is 82388 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 82388 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

CN¥49.23
Fair Value
30.9% undervalued intrinsic discount
14
Number of Analysts

Below Fair Value: 82388 (CN¥34) is trading below our estimate of fair value (CN¥49.23)

Significantly Below Fair Value: 82388 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 82388?

Key metric: As 82388 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 82388. This is calculated by dividing 82388's market cap by their current earnings.
What is 82388's PE Ratio?
PE Ratio9.8x
EarningsHK$40.35b
Market CapHK$396.06b

Price to Earnings Ratio vs Peers

How does 82388's PE Ratio compare to its peers?

The above table shows the PE ratio for 82388 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.7x
11 Hang Seng Bank
19.9x4.45%HK$285.1b
3328 Bank of Communications
6.6x5.11%HK$695.6b
1658 Postal Savings Bank of China
7.4x5.11%HK$735.8b
2016 China Zheshang Bank
5x8.30%HK$88.3b
82388 BOC Hong Kong (Holdings)
9.8x2.80%CN¥396.1b

Price-To-Earnings vs Peers: 82388 is expensive based on its Price-To-Earnings Ratio (9.8x) compared to the peer average (9.7x).

Price to Earnings Ratio vs Industry

How does 82388's PE Ratio compare vs other companies in the HK Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
82388 9.8xIndustry Avg. 5.9xNo. of Companies10PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 82388 is expensive based on its Price-To-Earnings Ratio (9.8x) compared to the Hong Kong Banks industry average (5.9x).

Price to Earnings Ratio vs Fair Ratio

What is 82388'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.

82388 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.8x
Fair PE Ratio6.5x

Price-To-Earnings vs Fair Ratio: 82388 is expensive based on its Price-To-Earnings Ratio (9.8x) compared to the estimated Fair Price-To-Earnings Ratio (6.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 82388 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥34.00
CN¥36.34
+6.89%
10.15%CN¥41.80CN¥28.17n/a14
Nov ’26CN¥34.94
CN¥35.68
+2.12%
12.93%CN¥42.09CN¥25.62n/a14
Oct ’26CN¥33.44
CN¥34.52
+3.22%
11.43%CN¥39.15CN¥25.62n/a13
Sep ’26CN¥34.22
CN¥34.23
+0.025%
12.04%CN¥39.80CN¥25.62n/a13
Aug ’26CN¥32.35
CN¥31.67
-2.11%
12.76%CN¥37.30CN¥22.58n/a14
Jul ’26CN¥31.20
CN¥30.78
-1.35%
11.55%CN¥35.40CN¥22.54n/a14
Jun ’26CN¥30.55
CN¥30.69
+0.46%
11.75%CN¥35.60CN¥22.67n/a14
May ’26CN¥30.10
CN¥30.71
+2.03%
11.86%CN¥36.37CN¥23.16n/a14
Apr ’26CN¥29.40
CN¥29.40
+0.0043%
13.59%CN¥35.92CN¥22.50n/a15
Mar ’26CN¥25.55
CN¥27.37
+7.13%
9.41%CN¥31.37CN¥22.59n/a15
Feb ’26CN¥23.75
CN¥26.68
+12.34%
8.99%CN¥30.70CN¥22.44n/a14
Jan ’26CN¥23.55
CN¥26.89
+14.17%
8.95%CN¥31.02CN¥22.67n/a14
Dec ’25CN¥22.20
CN¥26.58
+19.71%
9.05%CN¥30.70CN¥22.44CN¥34.0014
Nov ’25CN¥23.50
CN¥26.13
+11.20%
8.96%CN¥30.22CN¥22.08CN¥34.9414
Oct ’25CN¥22.45
CN¥25.33
+12.82%
9.34%CN¥30.02CN¥21.65CN¥33.4414
Sep ’25CN¥22.40
CN¥25.21
+12.54%
9.34%CN¥30.00CN¥21.64CN¥34.2214
Aug ’25CN¥20.85
CN¥25.39
+21.76%
8.66%CN¥30.57CN¥22.04CN¥32.3514
Jul ’25CN¥22.50
CN¥25.15
+11.77%
10.14%CN¥30.55CN¥20.18CN¥31.2014
Jun ’25CN¥22.70
CN¥25.15
+10.79%
10.14%CN¥30.55CN¥20.18CN¥30.5514
May ’25CN¥22.35
CN¥24.85
+11.20%
10.75%CN¥30.55CN¥20.18CN¥30.1013
Apr ’25CN¥19.46
CN¥24.40
+25.36%
12.34%CN¥30.49CN¥18.48CN¥29.4013
Mar ’25CN¥18.84
CN¥23.78
+26.22%
14.89%CN¥30.31CN¥18.37CN¥25.5513
Feb ’25CN¥17.08
CN¥23.78
+39.23%
14.89%CN¥30.31CN¥18.37CN¥23.7513
Jan ’25CN¥19.20
CN¥25.30
+31.75%
12.12%CN¥30.22CN¥18.31CN¥23.5513
Dec ’24CN¥19.00
CN¥26.76
+40.83%
9.53%CN¥33.11CN¥23.99CN¥22.2013
CN¥36.3
Fair Value
6.3% undervalued intrinsic discount
14
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/30 01:59
End of Day Share Price 2025/11/28 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

BOC Hong Kong (Holdings) Limited is covered by 33 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wing San WongBarclays
Yi WuBofA Global Research
null nullCCB International Securities Limited