HSBC Stock Analysis: HSBC Holdings | NYSE
Banks - Diversified | NYSE, USA | Market Cap: 328.925m USD | 12M Return: 44.5% | US4042804066 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 166M
EPS Trend: 60.3%
Qual. Beats: 0
Rev. Trend: -61.6%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
HSBC Holdings plc is a London-headquartered global bank, founded in 1865 and listed on the NYSE via an ADR (ticker: HSBC), with a mega-cap market capitalization of approximately $329 billion. It is classified within the Diversified Banks sub-industry of the Financials sector, reflecting its broad-based banking model spanning retail, commercial, and wholesale activities across multiple regions.
HSBC organizes its operations into four reportable segments: Hong Kong (covering retail, wealth, and commercial banking through HSBC Hong Kong and Hang Seng Bank), UK (encompassing UK retail and wealth, including the first direct and M&S Bank brands, UK Commercial Banking, and HSBC Innovation Bank), Corporate and Institutional Banking (transaction banking and capital markets), and International Wealth and Premier Banking (premier banking outside of Hong Kong and the UK, private banking, asset management, and insurance).
The segment structure underscores HSBCs dual emphasis on retail and commercial banking in its two home markets of Hong Kong and the UK, alongside a global wholesale banking franchise and a growing wealth and insurance business, which are common revenue pillars for large, internationally diversified banks.
- Hong Kong loan demand weakens amid China property stress
- Net interest margins expand on sustained high interest rates
- Buyback program accelerates as capital returns exceed targets
| Net Income: 25.5b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -1.18 > 1.0 |
| NWC/Revenue: -1.01k% < 20% (prev -947.4%; Δ -66.78% < -1%) |
| CFO/TA 0.01 > 3% & CFO 29.8b > Net Income 25.5b |
| Net Debt (-500b) to EBITDA (39.7b): -12.58 < 3 |
| Current Ratio: 0.32 > 1.5 & < 3 |
| Outstanding Shares: last quarter (3.46b) vs 12m ago -2.17% < -2% |
| Gross Margin: 54.86% > 18% (prev 49.80%; Δ 5.06% > 0.5%) |
| Asset Turnover: 4.04% > 50% (prev 4.31%; Δ -0.27% > 0%) |
| Interest Coverage Ratio: 0.55 > 6 (EBIT TTM 33.6b / Interest Expense TTM 60.7b) |
| A: -0.40 (Total Current Assets 634b - Total Current Liabilities 1998b) / Total Assets 3438b |
| B: 0.05 (Retained Earnings 168b / Total Assets 3438b) |
| C: 0.01 (EBIT TTM 33.6b / Avg Total Assets 3326b) |
| D: 0.06 (Book Value of Equity 197b / Total Liabilities 3241b) |
| Altman-Z'' = -2.31 = D |
| DSRI: 0.91 (Receivables 1.20b/1.36b, Revenue 135b/139b) |
| GMI: 0.91 (GM 49.80% / 54.86%) |
| AQI: 0.99 (AQ_t 0.81 / AQ_t-1 0.82) |
| SGI: 0.97 (Revenue 135b / 139b) |
| TATA: -0.00 (NI 25.5b - CFO 29.8b) / TA 3438b) |
| Beneish M = -3.22 (Cap -4..+1) = AA |
As of October 10, 2026, the stock is trading at USD 92.98 with a total of 2,016,291 shares traded. Over the past week, the price has changed by -3.29%, over one month by -11.54%, over three months by -4.68% and over the past year by +44.45%.
Current recommended Stop Loss: 90.30 (which is 2.9% or 1.4 ATR below the current price).
HSBC Holdings has received a consensus analysts rating of 3.33. Therefore, it is recommended to hold HSBC.
- StrongBuy: 1
- Buy: 0
- Hold: 1
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 106.1 | 14.1% |
P/E Trailing = 13.6757
P/E Forward = 10.6952
P/S = 4.8779
P/B = 1.7676
P/EG = 0.8911
Revenue TTM = 135b USD
EBIT TTM = 33.6b USD
EBITDA TTM = 39.7b USD
Long Term Debt = unknown (none)
Short Term Debt = 249b USD (from shortTermDebt, last fiscal year)
Debt = 133b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -500b USD (calculated: Debt 133b - CCE 633b)
Enterprise Value = 329b USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = 0.55 (Ebit TTM 33.6b / Interest Expense TTM 60.7b)
EV/FCF = 13.10x (Enterprise Value 329b / FCF TTM 25.1b)
FCF Yield = 7.63% (FCF TTM 25.1b / Enterprise Value 329b)
FCF Margin = 18.66% (FCF TTM 25.1b / Revenue TTM 135b)
Net Margin = 18.95% (Net Income TTM 25.5b / Revenue TTM 135b)
Gross Margin = 54.86% ((Revenue TTM 135b - Cost of Revenue TTM 60.7b) / Revenue TTM)
Gross Margin QoQ = 55.75% (prev 56.52%)
Tobins Q-Ratio = 0.10 (Enterprise Value 329b / Total Assets 3438b)
Interest Expense / Debt = 45.69% (Interest Expense 60.7b / Debt 133b)
Taxrate = 22.63% (7.61b / 33.6b)
NOPAT = 26.0b (EBIT 33.6b * (1 - 22.63%))
Current Ratio = 0.32 (Total Current Assets 634b / Total Current Liabilities 1998b)
Debt / Equity = 0.68 (Debt 133b / totalStockholderEquity, last quarter 197b)
Debt / EBITDA = -12.58 (Net Debt -500b / EBITDA 39.7b)
Debt / FCF = -19.91 (Net Debt -500b / FCF TTM 25.1b)
Total Stockholder Equity = 196b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.77% (Net Income 25.5b / Total Assets 3438b)
RoE = 13.02% (Net Income TTM 25.5b / Total Stockholder Equity 196b)
RoCE = 2.33% (EBIT 33.6b / Capital Employed (Total Assets 3438b - Current Liab 1998b))
RoIC = 1.55% (NOPAT 26.0b / Invested Capital 1682b)
WACC = 16.43% (E(329b)/V(462b) * Re(8.78%) + D(133b)/V(462b) * Rd(45.69%) * (1-Tc(0.23)))
Discount Rate = 8.78% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -93.33 | Cagr: -3.78%
[DCF] Terminal Value 49.10% ; FCFF base≈39.6b ; Y1≈34.8b ; Y5≈28.1b
[DCF] Fair Price = 203.6 (EV 197b - Net Debt -500b = Equity 697b / Shares 3.42b; r=16.43% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 60.30 | EPS CAGR: 18.59% | SUE: 0.02 | # QB: 0
Revenue Correlation: -61.60 | Revenue CAGR: -11.48% | SUE: 0.61 | # QB: 0
EPS current Quarter (2026-09-30): EPS=2.27 | Chg30d=+2.98% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=8.60 | Chg30d=-2.96% | Revisions=-25% | GrowthEPS=+13.9% | GrowthRev=+6.7%
EPS next Year (2027-12-31): EPS=9.47 | Chg30d=-4.22% | Revisions=-25% | GrowthEPS=+10.2% | GrowthRev=+5.5%
[Analyst] Revisions Ratio: -17% (up=1, down=2)