D05 Stock Analysis: DBS Holdings | SG
Banks - Regional | SG, Singapore | Market Cap: 219.841m SGD | 12M Return: 54.2% | SG1L01001701 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 280M
EPS Trend: 60.1%
Qual. Beats: 1
Rev. Trend: 95.2%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
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.
DBS Group Holdings Ltd is a Singapore-based banking and financial services group operating across Singapore, Hong Kong, Greater China, South and Southeast Asia, and internationally. Founded in 1968, the company runs three core business segments: Personal Banking (retail deposits, loans, cards, payments, investments, and insurance for individuals); Institutional Banking (working capital finance, cash management, trade finance, treasury products, corporate advisory, and capital markets solutions for corporates, SMEs, and financial institutions); and Global Financial Markets (structuring, market-making, and trading in treasury products).
As one of the largest banks in Southeast Asia and a member of the Straits Times Index, DBS generates revenue through net interest margins on lending, fee-based services such as wealth management and transaction banking, and trading income from its markets business. Its regional banks classification places it among Asian commercial banks that derive a significant share of earnings from corporate and SME lending alongside retail banking.
- Net interest margin holds firm as Singapore rates stay elevated
- Wealth management AUM grows on Asia private banking inflows
- Institutional banking loans expand across Southeast Asia
| Net Income: 11.1b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.63 > 1.0 |
| NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev) |
| CFO/TA 0.01 > 3% & CFO 11.0b > Net Income 11.1b |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: error (cannot be calculated; needs correct Total Current Assets and Liabilities) |
| Outstanding Shares: last quarter (2.84b) vs 12m ago -0.08% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 2.56% > 50% (prev 2.69%; Δ -0.13% > 0%) |
| Interest Coverage Ratio: 0.97 > 6 (EBIT TTM 13.3b / Interest Expense TTM 13.8b) |
As of October 06, 2026, the stock is trading at SGD 77.83 with a total of 3,052,670 shares traded. Over the past week, the price has changed by -0.36%, over one month by -0.82%, over three months by +17.57% and over the past year by +54.18%.
Current recommended Stop Loss: 75.90 (which is 2.5% or 2.1 ATR below the current price).
DBS Holdings has no consensus analysts rating.
P/E Trailing = 19.7698
P/E Forward = 17.452
P/S = 9.6992
P/B = 3.149
P/EG = 2.6253
Revenue TTM = 23.1b SGD
EBIT TTM = 13.3b SGD
EBITDA TTM = 13.3b SGD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 67.3b SGD (220b + (null Debt) - CCE 153b)
Interest Coverage Ratio = 0.97 (Ebit TTM 13.3b / Interest Expense TTM 13.8b)
EV/FCF = 6.41x (Enterprise Value 67.3b / FCF TTM 10.5b)
FCF Yield = 15.61% (FCF TTM 10.5b / Enterprise Value 67.3b)
FCF Margin = 45.44% (FCF TTM 10.5b / Revenue TTM 23.1b)
Net Margin = 48.00% (Net Income TTM 11.1b / Revenue TTM 23.1b)
Gross Margin = unknown ((Revenue TTM 23.1b - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = 0.07 (Enterprise Value 67.3b / Total Assets 966b)
Interest Expense / Debt = unknown (Interest Expense 13.8b / Debt none)
Taxrate = 15.89% (2.06b / 13.0b)
NOPAT = 11.2b (EBIT 13.3b * (1 - 15.89%))
Current Ratio = unknown (Total Current Assets 153b / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 13.3b)
Debt / FCF = unknown (Net Debt none / FCF TTM 10.5b)
Total Stockholder Equity = 69.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.23% (Net Income 11.1b / Total Assets 966b)
RoE = 16.02% (Net Income TTM 11.1b / Total Stockholder Equity 69.2b)
RoCE = unknown (EBIT 13.3b / Capital Employed )
RoIC = unknown (NOPAT 11.2b, Invested Capital 0.0, EBIT 13.3b)
WACC = 7.60% (E(220b)/V(220b) * Re(7.60%) + (debt-free company))
Discount Rate = 7.60% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 81.10 | Cagr: 4.55%
[DCF] Terminal Value 73.10% ; FCFF base≈12.1b ; Y1≈10.6b ; Y5≈8.55b
[DCF] Fair Price = 48.26 (EV 137b - Net Debt 0.0 = Equity 137b / Shares 2.84b; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 60.09 | EPS CAGR: 2.46% | SUE: 1.21 | # QB: 1
Revenue Correlation: 95.19 | Revenue CAGR: 7.37% | SUE: 0.47 | # QB: 0
EPS current Year (2026-12-31): EPS=4.11 | Chg30d=+0.00% | Revisions=+81% | GrowthEPS=+6.5% | GrowthRev=+5.2%
EPS next Year (2027-12-31): EPS=4.43 | Chg30d=+0.00% | Revisions=+69% | GrowthEPS=+7.8% | GrowthRev=+7.8%
[Analyst] Revisions Ratio: +83% (up=25, down=1)