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Earnings transcript
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HSBC
HSBC Holdings plc
$89.34
-2.19
(-2.39%)
| Exchange: | NYSE |
| Market Cap: | 307.037B |
| Shares Outstanding: | 18.53B |
Delayed data
About The Company
| Sector: | Financial Services | |||||
| Industry: | Banks – Diversified | |||||
| CEO: | Georges Bahjat Elhedery | |||||
| Full Time Employees: | 211940 | |||||
| Address: |
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| Website: | https://www.hsbc.com |
HSBC Holdings plc functions as a prominent global entity, delivering a full spectrum of banking and financial services around the world. Its operations are structured into three key divisions: Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets. The Wealth and Personal Banking unit is dedicated to individual customers, supplying a broad array of retail banking offerings. This includes essential services like current and savings accounts, various lending products such as mortgages and personal loans, a selection of credit and debit cards, and convenient local and international payment facilities. Furthermore, this segment provides in-depth wealth management solutions, encompassing insurance and investment products, worldwide asset management expertise, and tailored private wealth strategies for both general banking clients and affluent individuals. The Commercial Banking division targets businesses across the size spectrum. It extends crucial services such as credit and financing, treasury and cash flow management, payment processing, business insurance, and investment support. Additionally, it offers corporate cards, international trade and receivables financing, foreign exchange transactions, capital-raising capabilities via debt and equity markets, and strategic advisory services. Its client base spans from small and medium-sized enterprises to larger corporations. Lastly, the Global Banking and Markets segment focuses on advanced financial services for major organizations and investors. It provides sophisticated financing, expert advisory, and transaction execution across various asset classes, including credit, interest rates, foreign exchange, equities, and money market instruments, along with comprehensive securities services. This division also undertakes principal investment activities, serving governmental bodies, corporate entities, institutional clients, and high-net-worth private investors. Founded in 1865, HSBC Holdings plc maintains its central operations in London, United Kingdom.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 129,512,000 | 143,294,000 | 147,862,730 |
| Gross Profit | 64,440,000 | 67,396,000 | 80,778,328 |
| EBITDA | 33,814,000 | 36,389,000 | 29,034,692 |
| Operating Income | 30,348,000 | 32,309,000 | 29,976,889 |
| Net Income | 23,533,000 | 23,979,000 | 22,337,077 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 3,038,677,000 | 3,017,048,000 | 3,233,034,000 |
| Total Liabilities | 2,846,067,000 | 2,824,775,000 | 3,048,084,000 |
| Total Stockholders Equity | 185,329,000 | 184,973,000 | 177,509,000 |
| Total Debt | 235,159,000 | 242,347,000 | 495,786,000 |
| Cash and Cash Equivalents | 299,569,000 | 287,077,000 | 286,922,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 39,111,000 | 65,305,000 | 10,839,271 |
| Capital Expenditure | -3,695,000 | -3,886,000 | -1,450,381 |
| Free Cash Flow | 35,416,000 | 61,419,000 | 9,388,889 |
| Net Income | 23,533,000 | 32,309,000 | 21,151,313 |
| Net Change in Cash | -30,738,000 | -55,993,000 | 0 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 84,720,175.913 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 89,507,964.512 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 87,654,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 22,019,272.479 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 23,263,646.922 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 22,781,790.631 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 42,797,940.174 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 45,975,175.465 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 44,744,850.012 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 9,915,034.968 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 10,475,363.023 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 10,258,388.462 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 12.750 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 13.100 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 12.200 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 6 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: HSBC reported strong results in its Q3 2023 earnings call, with notable revenue growth and solid net income figures as per income statement data. This performance underscores the company’s ability to generate consistent returns, supported by positive operating cash flow and free cash flow trends from cash flow statements.
- Strategic Market Positioning: The earnings call highlighted HSBC’s focus on growth in key markets, leveraging its global presence across diverse regions as evidenced by revenue geo segments. This diversified revenue base strengthens its resilience against localized economic downturns.
- Healthy Profitability Metrics: Key metrics such as gross profit margin TTM and net profit margin TTM reflect efficient cost management and profitability, positioning HSBC favorably against industry benchmarks within the banking sector.
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Intrinsic Value Calculator
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Common questions about HSBC valuation
Is HSBC Holdings plc (HSBC) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for HSBC Holdings plc (HSBC) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is HSBC a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether HSBC trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is HSBC’s P/E ratio?
You can see HSBC’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for HSBC?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is HSBC a good long-term investment?
Whether HSBC fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
HSBC
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Daily snapshot
-2.39
Trading Metrics:
| Open: | 90.63 | Previous Close: | 91.53 | |
| Day Low: | 87.62 | Day High: | 91.02 | |
| Year Low: | 58.14 | Year High: | 95.61 | |
| Price Avg 50: | 89.95 | Price Avg 200: | 79.45 | |
| Volume: | 3.857M | Average Volume: | 1.899M |
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Login — it's freeHSBC full analysis
Hey everyone, welcome back to the channel! Today, we’re diving deep into a comprehensive analysis of HSBC Holdings plc, one of the biggest names in the global banking space. If you’re looking to understand whether this financial giant is a solid addition to your portfolio, stick around because we’re breaking down everything from their financials to their market position and future outlook. Let’s get started! So, why are we talking about HSBC today? Well, this is a bank with a…
