Oversea-Chinese Banking Corporation Limited provides financial services in Singapore, Malaysia, Indonesia, Greater China, other parts of the Asia Pacific, and internationally. More Details
Excellent balance sheet with proven track record and pays a dividend.
Share Price & News
How has Oversea-Chinese Banking's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: O39 is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: O39's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: O39 exceeded the SG Banks industry which returned 17.1% over the past year.
Return vs Market: O39 exceeded the SG Market which returned 19.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Oversea-Chinese Banking's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StFour Days Left Until Oversea-Chinese Banking Corporation Limited (SGX:O39) Trades Ex-Dividend
2 months ago | Simply Wall StWhat Type Of Shareholders Own The Most Number of Oversea-Chinese Banking Corporation Limited (SGX:O39) Shares?
4 months ago | Simply Wall StThe Oversea-Chinese Banking (SGX:O39) Share Price Is Up 33% And Shareholders Are Holding On
Is Oversea-Chinese Banking 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: O39 (SGD12.12) is trading below our estimate of fair value (SGD19.24)
Significantly Below Fair Value: O39 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: O39 is poor value based on its PE Ratio (12.5x) compared to the Asian Banks industry average (10.3x).
PE vs Market: O39 is good value based on its PE Ratio (12.5x) compared to the SG market (15.4x).
Price to Earnings Growth Ratio
PEG Ratio: O39 is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: O39 is overvalued based on its PB Ratio (1.1x) compared to the XA Banks industry average (0.7x).
How is Oversea-Chinese Banking forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: O39's forecast earnings growth (7.5% per year) is above the savings rate (1.9%).
Earnings vs Market: O39's earnings (7.5% per year) are forecast to grow slower than the SG market (23% per year).
High Growth Earnings: O39's earnings are forecast to grow, but not significantly.
Revenue vs Market: O39's revenue (6.2% per year) is forecast to grow slower than the SG market (7.8% per year).
High Growth Revenue: O39's revenue (6.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: O39's Return on Equity is forecast to be low in 3 years time (10.5%).
How has Oversea-Chinese Banking performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: O39 has high quality earnings.
Growing Profit Margin: O39's current net profit margins (48.1%) are higher than last year (45.6%).
Past Earnings Growth Analysis
Earnings Trend: O39's earnings have grown by 3.4% per year over the past 5 years.
Accelerating Growth: O39's earnings growth over the past year (1.4%) is below its 5-year average (3.4% per year).
Earnings vs Industry: O39 earnings growth over the past year (1.4%) exceeded the Banks industry -0.3%.
Return on Equity
High ROE: O39's Return on Equity (8.9%) is considered low.
How is Oversea-Chinese Banking'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: O39's Assets to Equity ratio (10.2x) is moderate.
Allowance for Bad Loans: O39 has a low allowance for bad loans (95%).
Low Risk Liabilities: 69% of O39's liabilities are made up of primarily low risk sources of funding.
Loan Level: O39 has an appropriate level of Loans to Assets ratio (51%).
Low Risk Deposits: O39's Loans to Deposits ratio (81%) is appropriate.
Level of Bad Loans: O39 has an appropriate level of bad loans (1.5%).
What is Oversea-Chinese Banking current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: O39's dividend (2.62%) is higher than the bottom 25% of dividend payers in the SG market (1.89%).
High Dividend: O39's dividend (2.62%) is low compared to the top 25% of dividend payers in the SG market (5.02%).
Stability and Growth of Payments
Stable Dividend: O39's dividend payments have been volatile in the past 10 years.
Growing Dividend: O39's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (32.8%), O39's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: O39's dividends in 3 years are forecast to be well covered by earnings (47.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Helen Wong (60 yo)
Ms. Pik Kuen Wong, also known as Helen, serves as Director at The Great Eastern Life Assurance Company Limited since 2021. She has been Non-Executive Non-Independent Director at Great Eastern Holdings Limi...
Experienced Management: O39's management team is seasoned and experienced (6 years average tenure).
Experienced Board: O39's board of directors are considered experienced (7.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: O39 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.
Oversea-Chinese Banking Corporation Limited's company bio, employee growth, exchange listings and data sources
- Name: Oversea-Chinese Banking Corporation Limited
- Ticker: O39
- Exchange: SGX
- Founded: 1912
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: S$54.650b
- Shares outstanding: 4.51b
- Website: https://www.ocbc.com
Number of Employees
- Oversea-Chinese Banking Corporation Limited
- No. 10-00 OCBC Centre East
- 63 Chulia Street
Oversea-Chinese Banking Corporation Limited provides financial services in Singapore, Malaysia, Indonesia, Greater China, other parts of the Asia Pacific, and internationally. The company's Global Consumer...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/25 11:01|
|End of Day Share Price||2021/07/23 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.