BOC Hong Kong (Holdings) Limited

HK$50.00As of Sun 8 Nov 2026, 12:00 UTC

HKEX:2388Financials

Country Hong Kong

PE (Fwd) •••

TSR 10Y CAGR 11.57%

Div yield 4.25%

ROTE 11.67%

Banks (Regional)

Beta (5Y) 0.23

PE TTM 12.68

TSR TTM 37.93%

Mkt cap HK$528.6B

NIM —

SE Grade™

—

Value

Quality

Moat

Consensus

Reference

$63

26.69%

83.03%

Hold 5|5|5|9|6

TTM

FYE 31 Dec HKD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

159.5

Revenue$B

175.5

179.5

186.6

196.7

204.1

208.5

211.3

213.7

224.1

228.2

170.8

2.25%

3.09%

2.91

Revenue growth%

14.94

13.00

12.30

9.67

10.90

8.17

5.80

7.07

8.44

10.80

23.88

8.17

10.24

23.29

NIM%

7.40

6.68

3.97

1.24

0.40

0.94

1.57

1.49

4.08

5.54

3.39

1.57

2.77

28.17

Effic. R.%

4.21

5.34

6.23

7.86

7.28

6.47

3.83

0.92

0.40

0.67

15.90

0.92

4.78

29.35

Net margin%

5.90

8.86

8.79

6.30

5.40

6.02

3.33

5.78

8.55

10.04

27.98

6.02

6.16

32.61

P/E ratio (avg)x

17.03

14.56

14.78

15.93

14.53

13.54

12.59

13.20

12.55

12.95

31.24

12.95

14.04

15.90

P/TBVx

12.37

12.99

13.61

12.54

12.88

14.38

16.26

14.88

14.15

13.02

19.05

14.38

13.31

36.40

P/Bx

60.27

65.59

70.23

81.88

87.48

91.19

99.13

102.7

107.6

124.1

25.77

102.7

89.34

188.7

NII$B

115.0

117.6

122.5

130.4

137.3

139.3

141.8

140.2

149.5

151.4

111.4

1.99%

3.22%

—

8.65

NII grth%

24.02

26.95

29.40

30.38

27.85

30.73

33.10

32.79

33.63

30.68

29.71

32.79

30.53

23.06

ROTE%

26.03

26.58

28.49

29.77

30.71

31.84

29.63

28.73

28.10

27.30

19.25

28.73

28.61

10.54

Return on equity%

7.01

4.86

4.47

4.21

1.33

0.40

1.94

4.88

5.07

7.18

29.39

4.88

4.66

11.00

Return on assets%

20.92

23.27

20.43

20.19

18.45

18.92

20.82

19.67

22.66

20.56

2.55

20.56

20.49

7.05

EPS$

8.67

10.11

10.33

10.13

9.96

10.42

10.82

12.69

13.51

14.67

7.20

8.07%

5.41%

—

22.77

EPS growth%

8.65

10.70

10.08

11.79

14.21

16.42

16.81

17.88

18.53

18.87

13.07

17.88

15.31

2.17

Bookvalue per sh$

8.92

10.66

11.56

13.04

15.34

18.23

21.57

21.17

21.00

22.34

4.57

7.81%

10.49%

—

3.49

TBV/sh$

9.60

9.48

8.65

9.27

10.04

10.38

10.00

9.74

10.31

10.16

8.17

0.25%

0.20%

—

7.08

Dividend per sh$

5.65

5.82

5.20

4.95

4.75

4.46

4.94

5.07

5.25

5.31

3.51

2.24%

(1.78%)

—

24.26

Div yield (avg)%

26.80

28.02

28.84

28.07

25.98

24.89

27.41

27.50

29.05

30.17

16.27

27.50

27.76

25.84

Payout ratio%

31.35

32.19

34.78

37.61

39.73

42.14

41.33

43.57

44.47

41.56

4.30

42.14

40.53

10.68

Shares (diluted)B

14.39

15.20

17.48

17.40

18.28

18.87

21.78

21.01

19.54

22.33

10.47

4.08%

5.80%

23.49

Buyback yield%

14.27

11.40

13.41

15.77

18.62

16.96

17.02

19.62

16.75

14.39

24.76

16.96

16.26

98.05

Eq/Assets%

24.69

22.04

19.20

18.87

17.90

16.57

14.43

13.87

13.17

12.97

35.31

13.87

17.24

118.6

Assets$B

227.7

241.9

273.9

295.9

318.5

331.0

354.8

365.4

407.8

436.8

181.7

6.52%

7.07%

130.2

LT debt$B

91.86

82.89

85.25

85.35

84.99

85.89

85.70

95.27

93.56

85.75

156.2

0.18%

(1.90%)

Peers (US$67.43B)

Cap (US$)

AIA Group Limited

103.1B

13.09x

Hong Kong Exchanges…

62.17B

24.73x

Futu Holdings Limited

13.75B

9.777x

Deutsche Bank Aktienge…

65.70B

10.04x

Capital

TTM

10Y

Tang eq%

77.02

60.49

63.14

LT debt%

109.74

24.15

26.38

Cash%

102.45

14.37

14.26

Sh yield%

47.75

44.57

44.14

Owners

Insiders/Inst%

1.19

44.98

Short interest%

5.91

SBC / revenue%

5.34

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

ROE range%

0–7

$1 testx

0.0

Incr. ROIC%

—

BOC Hong Kong (Holdings) Limited is an investment holding company providing banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally through Personal Banking, Corporate Banking, Treasury, and Insurance segments. Its offerings include deposits, mortgages, loans, trade finance, securities, foreign exchange, wealth management, insurance, and cash management services.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Total assets

$436.8B

7.07%

1.46×

Revenue

$228.2B

3.09%

1.00×

Non-interest expense

$104.2B

3.36%

1.03×