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Earnings transcript
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HSBC
HSBC Holdings plc
$84.41
-1.05
(-1.23%)
| Exchange: | NYSE |
| Market Cap: | 290.165B |
| Shares Outstanding: | 18.53B |
About The Company
| Sector: | Financial Services | |||||
| Industry: | Banks – Diversified | |||||
| CEO: | Georges Bahjat Elhedery | |||||
| Full Time Employees: | 211940 | |||||
| Address: |
| |||||
| Website: | https://www.hsbc.com |
HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions. This segment serves personal banking and high net worth individuals. The Commercial Banking segment provides credit and lending, treasury management, payment, cash management, commercial insurance, and investment services; commercial cards; international trade and receivables finance services; foreign exchange products; capital raising services on debt and equity markets; and advisory services. It serves small and medium sized enterprises, mid-market enterprises, and corporates. The Global Banking and Markets segment offers financing, advisory, and transaction services; and credit, rates, foreign exchange, equities, money markets, and securities services; and engages in principal investment activities. It serves government, corporate and institutional clients, and private investors. HSBC Holdings plc was founded in 1865 and is headquartered in London, the 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) | 83,613,456.441 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 89,080,240.445 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 86,937,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 21,731,629.573 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 23,152,478.919 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 22,595,438.110 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 42,687,850.296 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 46,359,946.081 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 44,920,320.012 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 9,785,512.547 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 10,425,305.300 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 10,174,475.982 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 12.800 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 13.210 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 12.160 | 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
-1.23
Trading Metrics:
| Open: | 82.74 | Previous Close: | 85.46 | |
| Day Low: | 82.38 | Day High: | 84.95 | |
| Year Low: | 45.66 | Year High: | 94.8 | |
| Price Avg 50: | 85.51 | Price Avg 200: | 73.07 | |
| Volume: | 2.145M | Average Volume: | 2.331M |
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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…
