# HSBC Holdings Plc (HSBA.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services / Banks. Price 1567p, market value 268.4 billionp.

## Valuation
- **P/E (trailing): 15.1×** (5-yr avg 717.4×, 3-yr avg 717.0×). HSBC Holdings Plc trades at 15.1× trailing earnings, well below its own five-year average of 717.4×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 11.1×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 3.3×**. Each dollar of revenue is priced at 3.3×.
- **Price / book: 2.1×**. The shares trade at 2.1× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 2.6%** (5-yr avg 0.4%). Free cash flow equals 2.6% of the market value, above its five-year average of 0.4%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 6.6%**. The inverse of the P/E: 6.6% of the price is earned each year.

## Profitability
- **Net margin: 15.1%**. 15.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 12.8%**. 12.8% on shareholders' equity is solid.
- **Return on assets: 0.8%**. Each dollar of assets produces 0.8% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 5.1%** (3-yr 25.5%/yr, 5-yr 18.9%/yr). Revenue grew 5.1% over the last year, against 18.9% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -1.6%** (3-yr 19.2%/yr, 5-yr 45.1%/yr). Earnings per share fell 1.6%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -24.3%/yr**. Free cash flow has compounded at -24.3% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.
- **Cash and short-term investments: 450.3 billionp**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 3.53%** (1p per share, trailing). HSBC Holdings Plc yields 3.53%, an income-level yield.
- **Payout ratio: 60%** (144% of free cash flow). 60% of earnings goes out as dividends, leaving room to keep raising it.
- **Shareholder yield: 5.9%**. Dividends plus net buybacks return 5.9% of the market value a year.

## Analyst view
- **Analyst consensus: hold** (17 analysts). 17 analysts cover HSBC Holdings Plc; the consensus is hold, with an average price target of 1485p (-5% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 64.3%** (YTD 34.8%, 3-mo 15.3%). The shares are up 64.3% over twelve months including dividends.
- **From 52-week high: -2.7%** (63.3% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 65**. An RSI of 65 is neutral.
- **Beta (1 yr): 1.57** (volatility 27%). Beta of 1.57 against the FTSE All-Share: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=HSBA.L · Page: https://foliofundamentals.com/stocks/hsba.l

Not investment advice.