Company Valuation: HSBC Holdings plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,22,196 1,22,627 1,53,691 1,73,644 2,70,882 3,09,589 - -
Change - 0.35% 25.33% 12.98% 56% 14.29% - -
Enterprise Value (EV) 1,22,196 1,22,627 1,53,691 1,73,644 2,70,882 3,09,589 3,09,589 3,09,589
Change - 0.35% 25.33% 12.98% 56% 14.29% 0% 0%
P/E ratio 9.8x 8.4x 7.1x 7.93x 13.2x 11.7x 10.4x 9.61x
PBR 0.69x 0.73x 0.85x 0.98x 1.39x 1.69x 1.57x 1.46x
PEG - 0.4x 0.1x 0.9x -4.09x 0.4x 0.8x 1.14x
Capitalization / Revenue 2.47x 2.37x 2.33x 2.64x 3.81x 4.24x 4.09x 3.9x
EV / Revenue 0x 0x 0x 0x 0x 4.24x 4.09x 3.9x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 8.43x 7.99x 7.53x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.25 0.32 0.61 0.87 0.75 0.8176 0.8866 0.9645
Rate of return 4.12% 5.15% 7.54% 8.85% 4.75% 4.53% 4.91% 5.34%
EPS 2 0.62 0.74 1.14 1.24 1.2 1.541 1.733 1.88
Distribution rate 40.3% 43.2% 53.5% 70.2% 62.5% 53% 51.1% 51.3%
Net sales 1 49,552 51,727 66,058 65,854 71,020 73,013 75,786 79,406
EBITDA - - - - - - - -
EBIT 1 14,932 18,397 33,988 32,811 34,592 36,736 38,767 41,103
Net income 1 12,607 14,822 22,432 22,917 21,102 26,597 29,200 31,201
Net Debt - - - - - - - -
Reference price 2 6.07 6.21 8.09 9.83 15.80 18.05 18.05 18.05
Nbr of stocks (in thousands) 2,01,14,611 1,97,35,210 1,89,86,604 1,76,62,246 1,71,46,495 1,71,48,206 - -
Announcement Date 22/02/22 21/02/23 21/02/24 19/02/25 25/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.71x - - 4.53% 31TCr
14.24x - - 2.06% 83TCr
12.06x - - 2.28% 38TCr
5.9x - - 5.24% 37TCr
5.67x - - 5.37% 29TCr
12.21x - - 2.19% 26TCr
5.93x - - 5.27% 25TCr
15.25x - - 2.82% 24TCr
28.23x - - 2.76% 22TCr
14.49x - - 2.65% 20TCr
Average 12.57x 3.52% 33.44TCr
Weighted average by Cap. 12.32x 3.33%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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