OTCPK:DBSD.Y

Stock Analysis Report

Executive Summary

DBS Group Holdings Ltd provides financial products and services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally.

Snowflake

Fundamentals

Excellent balance sheet established dividend payer.


Similar Companies

Share Price & News

How has DBS Group Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.7%

DBSD.Y

2.9%

US Banks

0.07%

US Market


1 Year Return

5.0%

DBSD.Y

8.6%

US Banks

8.9%

US Market

Return vs Industry: DBSD.Y underperformed the US Banks industry which returned 8.6% over the past year.

Return vs Market: DBSD.Y underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

DBSD.YIndustryMarket
7 Day0.7%2.9%0.07%
30 Day0.8%3.4%-0.3%
90 Day-6.1%2.1%-1.6%
1 Year9.5%5.0%11.8%8.6%11.3%8.9%
3 Year93.8%70.3%54.8%44.1%46.3%36.8%
5 Year54.3%26.9%70.2%51.6%62.1%44.3%

Price Volatility Vs. Market

How volatile is DBS Group Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is DBS Group Holdings undervalued compared to its fair value and its price relative to the market?

8.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DBSD.Y ($73.44) is trading below our estimate of fair value ($79.83)

Significantly Below Fair Value: DBSD.Y is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: DBSD.Y is good value based on its PE Ratio (10.8x) compared to the Banks industry average (12.6x).

PE vs Market: DBSD.Y is good value based on its PE Ratio (10.8x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: DBSD.Y is poor value based on its PEG Ratio (2.5x)


Price to Book Ratio

PB vs Industry: DBSD.Y is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is DBS Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

4.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DBSD.Y's forecast earnings growth (4.3% per year) is above the savings rate (2.7%).

Earnings vs Market: DBSD.Y's earnings (4.3% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: DBSD.Y's earnings are forecast to grow, but not significantly.

Revenue vs Market: DBSD.Y's revenue (4.8% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: DBSD.Y's revenue (4.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DBSD.Y's Return on Equity is forecast to be low in 3 years time (12.5%).


Next Steps

Past Performance

How has DBS Group Holdings performed over the past 5 years?

6.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: DBSD.Y's earnings have grown by 6.5% per year over the past 5 years.

Accelerating Growth: DBSD.Y's earnings growth over the past year (23.8%) exceeds its 5-year average (6.5% per year).

Earnings vs Industry: DBSD.Y earnings growth over the past year (23.8%) underperformed the Banks industry 29.7%.


Return on Equity

High ROE: DBSD.Y's Return on Equity (12%) is considered low.


Return on Assets

ROA vs Industry: DBSD.Y's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate DBSD.Y's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is DBS Group Holdings's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: DBSD.Y has a low level of unsold assets or inventory.

Debt Coverage by Assets: DBSD.Y's debt is not covered by short term assets (assets are 0.8x debt).


Financial Institutions Analysis

Asset Level: DBSD.Y's level of assets compared to its equity is moderate.

Allowance for Bad Loans: DBSD.Y has a low allowance for bad loans.

Low Risk Liabilities: DBSD.Y's liabilities are made up of primarily low risk sources of funding.

Loan Level: DBSD.Y has an acceptable proportion of non-loan assets held.

Low Risk Deposits: DBSD.Y's loans are broadly funded by customer deposits.

Level of Bad Loans: DBSD.Y has an appropriate level of bad loans (1.52%)


Next Steps

Dividend

What is DBS Group Holdings's current dividend yield, its reliability and sustainability?

4.82%

Current Dividend Yield


Dividend Yield vs Market

company4.8%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Years5.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: DBSD.Y's dividend (4.82%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: DBSD.Y's dividend (4.82%) is in the top 25% of dividend payers in the US market (3.68%)

Stable Dividend: DBSD.Y's dividend payments have been volatile in the past 10 years.

Growing Dividend: DBSD.Y's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52%), DBSD.Y's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DBSD.Y's dividends in 3 years are forecast to be covered by earnings (54.3% payout ratio).


Next Steps

Management

What is the CEO of DBS Group Holdings's salary, the management and board of directors tenure and is there insider trading?

9.9yrs

Average management tenure


CEO

Piyush Gupta (59yo)

9.9yrs

Tenure

S$11,862,527

Compensation

Mr. Piyush Gupta has been the Chief Executive Officer of DBS Group Holdings Ltd and DBS Bank Ltd. since November 9, 2009. Mr. Gupta served as the Chief Executive Officer of South-East Asia & Pacific region ...


CEO Compensation Analysis

Compensation vs. Market: Piyush's total compensation ($USD8.71M) is about average for companies of similar size in the US market ($USD11.18M).

Compensation vs Earnings: Piyush's compensation has been consistent with company performance over the past year.


Management Age and Tenure

9.9yrs

Average Tenure

58.5yo

Average Age

Experienced Management: DBSD.Y's management team is seasoned and experienced (9.9 years average tenure).


Board Age and Tenure

8.5yrs

Average Tenure

64yo

Average Age

Experienced Board: DBSD.Y's board of directors are considered experienced (8.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Chng Lim (58yo)

    Chief Financial Officer

    • Tenure: 11yrs
  • Karen Ngui

    Head of Strategic Marketing & Communications

    • Tenure: 14.3yrs
  • Piyush Gupta (59yo)

    CEO & Executive Director

    • Tenure: 9.9yrs
    • Compensation: S$11.86m
  • Carrie Tan (51yo)

    Group Head of Institutional Banking (IBG)

    • Tenure: 9.3yrs
  • Michael Sia

    Head of Investor Relations

    • Tenure: 0yrs
  • Sim Lim (61yo)

    Group Head of Consumer Banking (CBG) & Wealth Management

    • Tenure: 9.1yrs
  • Yan Lee

    Head of Human Resources

    • Tenure: 0yrs
  • Jimmy Ng

    Chief Information Officer and Head of Group Technology & Operations

    • Tenure: 0yrs
  • Chee Lam

    Head of Legal

    • Tenure: 0yrs

Board Members

  • Peter Seah (72yo)

    Non-Executive Chairman

    • Tenure: 9.4yrs
    • Compensation: S$2.00m
  • Tian Yee Ho (67yo)

    Lead Independent Director

    • Tenure: 0.9yrs
    • Compensation: S$354.84k
  • Euleen Goh (64yo)

    Non-Executive Director

    • Tenure: 10.8yrs
    • Compensation: S$394.94k
  • Nihal Vijaya Devadas Kaviratne (75yo)

    Independent Director

    • Tenure: 8.5yrs
    • Compensation: S$292.35k
  • Andre Sekulic (68yo)

    Independent Director

    • Tenure: 7.5yrs
    • Compensation: S$306.78k
  • Piyush Gupta (59yo)

    CEO & Executive Director

    • Tenure: 9.9yrs
    • Compensation: S$11.86m
  • Foong Pheng Ow (55yo)

    Non-Executive Director

    • Tenure: 7.5yrs
    • Compensation: S$253.00k
  • Sai Choy Tham (60yo)

    Non-Executive & Independent Director

    • Tenure: 1.1yrs
    • Compensation: S$107.83k
  • Danny Teoh (64yo)

    Non-Executive & Non-Independent Director

    • Tenure: 9yrs
    • Compensation: S$350.50k
  • Paulus Sutisna (55yo)

    President Director of PT Bank DBS Indonesia

    • Tenure: 0yrs

Company Information

DBS Group Holdings Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: DBS Group Holdings Ltd
  • Ticker: DBSD.Y
  • Exchange: OTCPK
  • Founded: 1968
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: S$63.636b
  • Listing Market Cap: S$46.718b
  • Shares outstanding: 2.55b
  • Website: https://www.dbs.com

Number of Employees


Location

  • DBS Group Holdings Ltd
  • Tower 3
  • DBS Asia Central @ Marina Bay Financial Centre
  • Singapore
  • 18982
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DBSD.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDJan 1985
DBSD.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDSep 1999
D05SGX (Singapore Exchange)YesOrdinary SharesSGSGDSep 1999
DEVLDB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 1999

Biography

DBS Group Holdings Ltd provides financial products and services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. It operates through Consumer Banking/Wealth Ma ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:50
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.