Standard Chartered PLC 02888

Morningstar Rating

Company Report

Standard Chartered's Wealth Management Activities Drive Growth

Standard Chartered’s massive upheaval has delivered improved profitability, with the bank now looking to increase returns closer to its cost of capital. The turnaround has been difficult, but CEO Bill Winters' approach appears to be working. He has addressed issues with risk controls, culture, and cost base, and the group has begun to trim markets and products where it lacks the scale to be competitive.

Price vs Fair Value

02888 is trading at a 354% premium.
Price
HK$83.10
Fair Value
HK$98.00
Uncertainty
High
1-Star Price
HK$526.17
5-Star Price
HK$16.20
Economic Moat
Bbqf
Capital Allocation
Psykphfjj

Bulls Say, Bears Say

Bulls

With the bank’s restructuring largely behind it, a focus on growth should lead to an improvement in profitability in the medium term.

Bears

An increase in trade tensions between China and the US may affect global trade in such a way that it reduces demand for Standard Charter's products or makes it more difficult for the group to operate.

News

Trading Information

Previous Close Price
Day Range
52-Week Range
Bid/Ask
/
Market Cap
Volume/Avg
/

Key Statistics

Price/Earnings (Normalized)
6.26
Price/Sales
1.57
Dividend Yield (Trailing)
2.81%
Dividend Yield (Forward)
2.81%
Total Yield
12.13%

Company Profile

Standard Chartered Bank was established in 1853 by Royal Charter in the United Kingdom, with holding company Standard Chartered PLC incorporated in 1969. The bank is domiciled in the United Kingdom and provides banking services across 60 countries, primarily in Asia, Africa, the Middle East, and the UK. The bulk of the business is in corporate and transaction banking, financial markets, and corporate finance. The bank has strong retail franchises focusing on the affluent segment in Hong Kong, Singapore, and certain countries in Africa. The bank has also launched a ventures division to focus on financial technology, including digital banks in Hong Kong and Singapore, online payment, and digital assets.
Sector
Financial Services
Industry
Banks - Diversified
Stock Style Box
Large Value
Total Number of Employees
85,007

Competitors

Valuation

Metric
02888
NWG
BCS
Price/Earnings (Normalized)
6.266.706.80
Price/Book Value
0.540.880.62
Price/Sales
1.572.161.51
Price/Cash Flow
5.273.972.48
Price/Earnings
02888
NWG
BCS

Financial Strength

Metric
02888
NWG
BCS
Quick Ratio
Current Ratio
Interest Coverage
Quick Ratio
No chart available

Profitability

Metric
02888
NWG
BCS
Return on Assets (Normalized)
0.49%1.99%0.41%
Return on Equity (Normalized)
8.23%42.97%11.22%
Return on Invested Capital (Normalized)
Return on Assets
02888
NWG
BCS

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