Financials Hang Seng Bank Limited

Equities

11

HK0011000095

Banks

Market Closed - Hong Kong S.E. 09:08:16 02/05/2024 BST 5-day change 1st Jan Change
105 HKD +1.06% Intraday chart for Hang Seng Bank Limited +6.49% +15.32%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 307,807 255,613 272,820 248,157 174,073 197,858 - -
Enterprise Value (EV) 1 307,807 255,613 272,820 248,157 174,073 197,858 197,858 197,858
P/E ratio 12.6 x 16 x 20.6 x 26.2 x 10.2 x 10.9 x 10.7 x 10.4 x
Yield 5.09% 4.11% 3.57% 3.16% - 6.6% 6.73% 6.99%
Capitalization / Revenue 7.07 x 7.09 x 8.22 x 7.3 x 4.26 x 4.8 x 4.9 x 4.78 x
EV / Revenue 7.07 x 7.09 x 8.22 x 7.3 x 4.26 x 4.8 x 4.9 x 4.78 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.72 x 1.4 x 1.48 x 1.35 x - 1.19 x 1.11 x 1.12 x
Nbr of stocks (in thousands) 1,911,843 1,911,843 1,911,843 1,911,843 1,911,843 1,904,309 - -
Reference price 2 161.0 133.7 142.7 129.8 91.05 103.9 103.9 103.9
Announcement Date 18/02/20 23/02/21 22/02/22 21/02/23 21/02/24 - - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 43,514 36,068 33,182 33,972 40,822 41,192 40,413 41,360
EBITDA - - - - - - - -
EBIT 1 30,457 22,863 19,048 19,194 26,198 25,955 24,662 25,625
Operating Margin 69.99% 63.39% 57.4% 56.5% 64.18% 63.01% 61.02% 61.96%
Earnings before Tax (EBT) 1 28,813 19,414 16,385 11,439 20,105 21,441 21,757 22,301
Net income 1 24,840 16,687 13,960 10,165 17,848 18,575 18,664 19,043
Net margin 57.09% 46.27% 42.07% 29.92% 43.72% 45.09% 46.18% 46.04%
EPS 2 12.77 8.360 6.930 4.950 8.970 9.536 9.685 9.983
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 8.200 5.500 5.100 4.100 - 6.855 6.997 7.264
Announcement Date 18/02/20 23/02/21 22/02/22 21/02/23 21/02/24 - - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 21,105 19,187 16,881 17,326 15,856 14,944 19,028 19,940 20,882 20,246 19,864
EBITDA - - - - - - - - - - -
EBIT - - - - - 7,631 - 12,784 - - -
Operating Margin - - - - - 51.06% - 64.11% - - -
Earnings before Tax (EBT) - - - - 6,087 5,439 - 10,961 - - -
Net income - 9,143 - - 5,193 4,704 - 9,827 - - -
Net margin - 47.65% - - 32.75% 31.48% - 49.28% - - -
EPS 2 5.790 4.640 3.720 4.440 2.490 2.310 2.640 4.990 3.980 4.760 4.680
Dividend per Share - - - - - 1.400 - 2.200 - - -
Announcement Date 18/02/20 03/08/20 23/02/21 02/08/21 22/02/22 01/08/22 21/02/23 01/08/23 21/02/24 - -
1HKD in Million2HKD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 15.2% 9.6% 7.7% 5.5% - 11.1% 10.9% 11.2%
ROA (Net income/ Total Assets) 1.5% 1% 0.8% 0.5% - 1.08% 1.04% 1%
Assets 1 1,656,000 1,668,700 1,745,000 2,033,000 - 1,712,652 1,799,122 1,911,361
Book Value Per Share 2 93.50 95.80 96.40 96.20 - 87.70 93.70 92.80
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 18/02/20 23/02/21 22/02/22 21/02/23 21/02/24 - - -
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
103.9 HKD
Average target price
101.8 HKD
Spread / Average Target
-2.02%
Consensus
  1. Stock Market
  2. Equities
  3. 11 Stock
  4. Financials Hang Seng Bank Limited