Results: Standard Chartered PLC Exceeded Expectations And The Consensus Has Updated Its Estimates
May 05
U.K. (FTSE) Financials Sector Analysis
UpdatedMay 09, 2024
DataAggregated Company Financials
Companies238
- 7D3.5%
- 3M14.1%
- 1Y11.6%
- YTD9.9%
Over the last 7 days, the Financials industry has risen 3.5%, driven by gains from HSBC Holdings of 3.3%. Meanwhile, TBC Bank Group actually underperformed within the industry, shrinking 17% in the last week. This means that the industry has gained 12% over the past year. Earnings are forecast to grow by 7.2% annually.
Sector Valuation and Performance
Has the U.K. Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | UK£461.8b | UK£243.1b | UK£48.4b | 12.7x | 9.5x | 1.9x |
| Sat, 06 Apr 2024 | UK£467.0b | UK£265.6b | UK£53.1b | 11.9x | 8.8x | 1.8x |
| Mon, 04 Mar 2024 | UK£421.0b | UK£205.4b | UK£50.7b | 12.6x | 8.3x | 2x |
| Wed, 31 Jan 2024 | UK£390.8b | UK£188.3b | UK£51.4b | 12.9x | 7.6x | 2.1x |
| Fri, 29 Dec 2023 | UK£405.9b | UK£187.9b | UK£51.3b | 13.4x | 7.9x | 2.2x |
| Sun, 26 Nov 2023 | UK£386.3b | UK£188.6b | UK£51.7b | 12.4x | 7.5x | 2x |
| Tue, 24 Oct 2023 | UK£378.6b | UK£182.8b | UK£48.3b | 11.5x | 7.8x | 2.1x |
| Thu, 21 Sep 2023 | UK£397.1b | UK£185.4b | UK£47.5b | 12.8x | 8.4x | 2.1x |
| Sat, 19 Aug 2023 | UK£375.2b | UK£179.1b | UK£47.4b | 12.7x | 7.9x | 2.1x |
| Mon, 17 Jul 2023 | UK£403.9b | UK£179.0b | UK£50.5b | 12.2x | 8x | 2.3x |
| Wed, 14 Jun 2023 | UK£415.2b | UK£178.7b | UK£51.4b | 13.2x | 8.1x | 2.3x |
| Fri, 12 May 2023 | UK£410.8b | UK£180.2b | UK£50.2b | 13x | 8.2x | 2.3x |
| Sun, 09 Apr 2023 | UK£398.7b | UK£171.3b | UK£42.7b | 13x | 9.3x | 2.3x |
| Tue, 07 Mar 2023 | UK£452.2b | UK£173.8b | UK£43.4b | 11.9x | 10.4x | 2.6x |
| Thu, 02 Feb 2023 | UK£426.0b | UK£143.1b | UK£34.7b | 12.2x | 12.3x | 3x |
| Sat, 31 Dec 2022 | UK£380.1b | UK£144.2b | UK£34.9b | 11.4x | 10.9x | 2.6x |
| Mon, 28 Nov 2022 | UK£372.7b | UK£144.6b | UK£35.1b | 10.9x | 10.6x | 2.6x |
| Wed, 26 Oct 2022 | UK£354.4b | UK£186.4b | UK£40.4b | 9.2x | 8.8x | 1.9x |
| Fri, 23 Sep 2022 | UK£367.7b | UK£151.7b | UK£39.1b | 9.3x | 9.4x | 2.4x |
| Sun, 21 Aug 2022 | UK£388.7b | UK£150.1b | UK£38.6b | 9.9x | 10.1x | 2.6x |
| Tue, 19 Jul 2022 | UK£422.8b | UK£281.8b | UK£49.1b | 9.1x | 8.6x | 1.5x |
| Thu, 16 Jun 2022 | UK£445.8b | UK£281.3b | UK£49.4b | 10x | 9x | 1.6x |
| Sat, 14 May 2022 | UK£446.2b | UK£278.9b | UK£48.3b | 9.8x | 9.2x | 1.6x |
| Mon, 11 Apr 2022 | UK£478.1b | UK£272.0b | UK£46.8b | 10.4x | 10.2x | 1.8x |
| Wed, 09 Mar 2022 | UK£429.6b | UK£308.4b | UK£46.4b | 9.6x | 9.3x | 1.4x |
| Fri, 04 Feb 2022 | UK£531.8b | UK£323.7b | UK£46.2b | 11.6x | 11.5x | 1.6x |
| Sun, 02 Jan 2022 | UK£515.6b | UK£323.9b | UK£46.3b | 11x | 11.1x | 1.6x |
| Tue, 30 Nov 2021 | UK£498.6b | UK£325.3b | UK£46.2b | 12.2x | 10.8x | 1.5x |
| Thu, 28 Oct 2021 | UK£542.3b | UK£328.9b | UK£44.8b | 13.7x | 12.1x | 1.6x |
| Sat, 25 Sep 2021 | UK£504.9b | UK£326.2b | UK£41.6b | 13.9x | 12.1x | 1.5x |
| Mon, 23 Aug 2021 | UK£518.2b | UK£325.7b | UK£41.7b | 14.5x | 12.4x | 1.6x |
| Sat, 10 Jul 2021 | UK£502.8b | UK£325.5b | UK£41.7b | 13.8x | 12.1x | 1.5x |
Price to Earnings Ratio
17.2x
Current Industry PE
- Investors are relatively neutral on the British Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 10.5x.
- The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 17% per year over the last three years.
- Meanwhile revenues for these companies have declined 6.9% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the U.K. Financials sector?
| GB Market | 2.66% | |
| Financials | 3.55% | |
| Consumer Finance | 4.98% | |
| Insurance | 4.94% | |
| Banks | 3.36% | |
| Diversified Financial | 3.35% | |
| Capital Markets | 3.28% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
Industry PE
- Investors are most optimistic about the Consumer Finance industry which is trading above its 3-year average PE ratio of 16.8x.
- Analysts are expecting annual earnings growth of 30.3%, which is higher than its past year's earnings growth of 1.1% per year.
- Investors are most pessimistic about the Banks industry, which is trading below its 3-year average of 8.3x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings growth rate of 1.1% per year.
- In contrast, the Banks industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| HSBA HSBC Holdings | UK£7.21 | 3.3% +UK£4.3b | 19.9% | PB0.9x | |
| PRU Prudential | UK£7.77 | 10.2% +UK£2.0b | -34.0% | PE15.6x | |
| STAN Standard Chartered | UK£7.51 | 8.1% +UK£1.5b | 22.4% | PB0.5x | |
| LSEG London Stock Exchange Group | UK£91.80 | 3.8% +UK£1.3b | 8.5% | PE63.9x | |
| III 3i Group | UK£29.74 | 4.5% +UK£1.2b | 70.3% | PE6.4x |
