Hang Seng Bank Limited
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
1.511.45
Price/Sales ratio
N/AN/A
Earnings per Share (EPS)
$9.49$9.85

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
16.2210.2916.9618.4613.8312.3615.3619.4921.9810.1810.5112.36
Price/Sales ratio
9.507.5610.1611.068.613.933.934.783.495.052.843.93
Price/Book Value ratio
1.761.991.952.432.061.831.491.571.441.031.161.83
Price/Cash Flow ratio
-3.49-5.8713.55-5.63-7.059.2018.096.733.738.6910.23-7.05
Price/Free Cash Flow ratio
-3.45-5.6914.18-5.57-6.929.7021.267.103.849.5111.24-6.92
Price/Earnings Growth ratio
-0.370.12-0.400.760.6014.22-0.44-1.13-1.080.160.770.60
Dividend Yield
4.28%3.78%6.04%3.30%3.99%4.85%4.99%4.28%3.00%5.80%7.12%3.99%
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%100%100%100%100%100%100%238.77%96.65%100%
Operating Profit Margin
63.22%72.27%62.49%68.08%69.03%31.06%28.11%29.73%19.73%60.40%34.33%34.33%
Pretax Profit Margin
69.85%81.49%70.56%70.86%73.09%36.94%29.76%28.82%16.12%58.15%32.35%36.94%
Net Profit Margin
58.55%73.48%59.92%59.92%62.24%31.85%25.58%24.55%15.89%49.57%27.40%31.85%
Effective Tax Rate
16.16%9.82%15.11%15.50%14.92%13.85%14.13%14.88%11.24%11.27%12.53%13.85%
Return on Assets
1.19%2.06%1.17%1.35%1.54%1.48%0.94%0.76%0.59%1.01%1.00%1.48%
Return On Equity
10.87%19.36%11.52%13.16%14.93%14.86%9.73%8.08%6.55%10.19%11.06%14.86%
Return on Capital Employed
1.29%2.03%1.23%1.54%1.71%2.93%2.60%2.42%1.36%1.23%2.12%1.71%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.01N/A
Quick Ratio
21.9720.2617.4429.1026.190.190.130.170.25285.890.010.19
Cash ratio
21.9720.2617.4429.1026.190.100.090.070.13100.230.010.10
Days of Sales Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Days of Payables Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1.22KN/A
Cash Conversion Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-1.22KN/A
Debt Ratios
Debt Ratio
0.000.000.000.000.000.010.010.010.02N/A0.010.00
Debt Equity Ratio
0.050.070.060.080.030.150.180.200.22N/A0.190.03
Long-term Debt to Capitalization
0.040.060.060.040.010.110.150.170.18N/A0.150.01
Total Debt to Capitalization
0.040.060.060.070.030.130.150.170.18N/A0.150.03
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A24.38N/A
Cash Flow to Debt Ratio
-9.95-4.592.17-5.02-8.591.250.451.111.69N/A0.60-8.59
Company Equity Multiplier
9.089.399.799.729.6910.0310.2610.5411.0010.0611.059.69
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-2.72-1.280.74-1.96-1.220.420.210.710.930.580.28-1.22
Free Cash Flow / Operating Cash Flow Ratio
1.001.030.951.011.010.940.850.940.970.910.890.94
Cash Flow Coverage Ratio
-9.95-4.592.17-5.02-8.591.250.451.111.69N/A0.60-8.59
Short Term Coverage Ratio
N/AN/AN/A-10.81-15.217.63N/AN/AN/AN/AN/A-15.21
Dividend Payout Ratio
69.49%38.93%102.59%61.12%55.27%60.04%76.75%83.53%66.05%59.11%73.26%55.27%