HSBC Holdings plc - ADR

HSBC Holdings plc - ADR

HSBC

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Market Cap$318.48B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
HSBC Holdings plc - ADRHSBC Holdings plc - ADR14.24.05%13%2.62.4

Earnings Call Q1 2026

May 5, 2026 - AI Summary

Solid start to 2026: earnings momentum + strong RoTE - Profit before tax (ex notable items) $10.1bn; revenue (ex notable items) +$4% YoY to $19.1bn. - Annualized RoTE (ex notable items): 18.7%, +0.3pp YoY (benefit from Hang Seng minority removal). - All 4 business divisions grew revenues and delivered annualized RoTE >17% (ex notable items) → management positioning remains “strategy working,” with disciplined execution and cost control.
Key guidance updates (central for the stock): Banking NII up; expected credit losses down/up slightly - Banking NII guidance upgraded to ~ $46bn (full year 2026), driven by improved interest rate outlook (but management warns curves are volatile; still conservative in downside scenarios). - ECL guidance updated to ~45 bps (credit cost), reflecting continued macro uncertainty. - Q1 ECL was $1.3bn = annualized 52 bps, including: - $0.3bn charge tied to Middle East conflict (precautionary; not limited to the region). - $0.4bn fraud-related secondary securitization exposure (UK financial sponsor) with management calling this idiosyncratic.
Credit risk: one-off fraud appears contained, but Middle East remains the main overhang - Management repeatedly emphasized the Stage 3 charge is not representative of wider portfolio risk: - Completed a full review of highest-risk areas; no comparable fraud concerns found. - Risk appetite and due diligence processes tightened (still “comfortable,” but not a growth driver). - Watch-outs: - Hong Kong commercial real estate: small recoveries in Q1; broadly stable, but not declared “end of cycle.” - Stress scenarios disclosed: includes a bookend extreme downside; management states the 45 bps guidance already factors severe probability-weighted outcomes (they described a “top-end” scenario as requiring multiple extreme conditions).

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$90.90

Current Fair Value

1.9% downside

Overvalued by 1.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$318.48 Billion
Enterprise Value$532.00 Billion
Dividend Yield$3.75 (4.05%)
Earnings per Share$6.05
Beta0.58
Outstanding Shares3,425,800,000

Return

Return on Equity12.70%ROE
Return on Assets0.67%
Return on Invested Capital0.91%

Valuation & Multiples

P/E Ratio14.2P/E Ratio
PEG-885.62PEG
Price to Sales2.57Price to Sales
Price to Book Ratio1.82Price to Book Ratio
Enterprise Value to Revenue4.23
Enterprise Value to EBIT18.82
Enterprise Value to Net Income23
Total Debt to Enterprise0.81
Debt to Equity2.45Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 5, 2026
EPS Estimate
$2.18
Average shareholder expectation
Revenue Estimate
$18.60 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 29, 2026
EPS Estimate
$2.20
Average shareholder expectation
Revenue Estimate
$18.63 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.9842▼ 6.94%
Total Calls1,889,750▼ 33.76%
Total Puts1,859,800▼ 38.13%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %2.42%▲ 0.02%
Total Invested$6.96B▲ 6.44%
Investors Holding662▲ 14.00%

ESG Score

No data

About HSBC Holdings Plc

CEO: Noel Paul Quinn

HSBC Holdings Plc engages in the provision of banking and financial services. It operates through the following business segments: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, Global Private Banki...

Relevant Senate Committees

Joint Committee on Taxation

This committee's role in developing and analyzing tax legislation, including providing official revenue estimates, directly influences corporate tax structures and the overall tax burden on a global bank like HSBC.

Finance

As the primary committee for taxation, trade, and entitlement spending, it directly impacts HSBC's corporate profitability through tax policy and influences global operations through trade regulations.

Agriculture, Nutrition, and Forestry

This committee's oversight of the CFTC and its role in regulating the derivatives/futures markets, as well as defining cryptocurrencies, directly impacts HSBC's Global Banking and Markets segment.

Banking, Housing, and Urban Affairs

This is the primary regulatory committee for the entire financial system, including banks, capital requirements, cryptocurrency, and real estate, directly impacting almost all aspects of HSBC's U.S. operations.

Foreign Relations

HSBC, as a global bank, is directly and significantly impacted by U.S. foreign policy, sanctions legislation, international treaties, and geopolitical stability which directly affect its global operations, market access, and compliance risks.