Results: Standard Chartered PLC Exceeded Expectations And The Consensus Has Updated Its Estimates
May 05
U.K. (FTSE) Banks Industry Analysis
UpdatedMay 09, 2024
DataAggregated Company Financials
Companies12
- 7D3.4%
- 3M22.9%
- 1Y19.8%
- YTD16.9%
Over the last 7 days, the Banks industry has risen 2.8%, driven by gains from HSBC Holdings of 3.3%. In the same time, TBC Bank Group was down 17%. This takes the industry's 12 month performance to a gain of 19%. Earnings are forecast to be flat in the coming years.
Industry Valuation and Performance
Has the U.K. Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | UK£227.5b | UK£98.4b | UK£31.7b | 5.9x | 7.2x | 2.3x |
| Sat, 06 Apr 2024 | UK£237.3b | UK£121.3b | UK£36.6b | 5.5x | 6.5x | 2x |
| Mon, 04 Mar 2024 | UK£222.5b | UK£120.9b | UK£36.5b | 6.1x | 6.1x | 1.8x |
| Wed, 31 Jan 2024 | UK£191.3b | UK£109.5b | UK£37.5b | 5.4x | 5.1x | 1.7x |
| Fri, 29 Dec 2023 | UK£201.9b | UK£109.2b | UK£37.4b | 5.1x | 5.4x | 1.8x |
| Sun, 26 Nov 2023 | UK£192.9b | UK£109.9b | UK£37.6b | 4.8x | 5.1x | 1.8x |
| Tue, 24 Oct 2023 | UK£198.5b | UK£104.7b | UK£34.7b | 4.9x | 5.7x | 1.9x |
| Thu, 21 Sep 2023 | UK£203.6b | UK£103.9b | UK£34.5b | 5.4x | 5.9x | 2x |
| Sat, 19 Aug 2023 | UK£194.9b | UK£102.1b | UK£33.8b | 5.2x | 5.8x | 1.9x |
| Mon, 17 Jul 2023 | UK£226.4b | UK£118.5b | UK£37.1b | 5.3x | 6.1x | 1.9x |
| Wed, 14 Jun 2023 | UK£226.4b | UK£121.2b | UK£37.8b | 5.7x | 6x | 1.9x |
| Fri, 12 May 2023 | UK£225.8b | UK£123.9b | UK£37.8b | 5.4x | 6x | 1.8x |
| Sun, 09 Apr 2023 | UK£222.0b | UK£115.4b | UK£30.4b | 6.4x | 7.3x | 1.9x |
| Tue, 07 Mar 2023 | UK£245.0b | UK£117.4b | UK£31.5b | 5.4x | 7.8x | 2.1x |
| Thu, 02 Feb 2023 | UK£217.8b | UK£87.2b | UK£21.5b | 7.2x | 10.1x | 2.5x |
| Sat, 31 Dec 2022 | UK£186.4b | UK£88.2b | UK£21.8b | 6.5x | 8.6x | 2.1x |
| Mon, 28 Nov 2022 | UK£181.5b | UK£88.4b | UK£21.9b | 6.6x | 8.3x | 2.1x |
| Wed, 26 Oct 2022 | UK£166.4b | UK£92.6b | UK£23.9b | 5.3x | 7x | 1.8x |
| Fri, 23 Sep 2022 | UK£187.3b | UK£93.8b | UK£24.3b | 6.4x | 7.7x | 2x |
| Sun, 21 Aug 2022 | UK£191.9b | UK£91.2b | UK£23.6b | 6.3x | 8.1x | 2.1x |
| Tue, 19 Jul 2022 | UK£201.7b | UK£114.5b | UK£28.7b | 4.4x | 7x | 1.8x |
| Thu, 16 Jun 2022 | UK£212.6b | UK£113.8b | UK£28.5b | 5.4x | 7.4x | 1.9x |
| Sat, 14 May 2022 | UK£204.3b | UK£112.6b | UK£28.2b | 4.3x | 7.2x | 1.8x |
| Mon, 11 Apr 2022 | UK£209.5b | UK£109.2b | UK£28.2b | 5.8x | 7.4x | 1.9x |
| Wed, 09 Mar 2022 | UK£193.5b | UK£107.5b | UK£27.6b | 5.4x | 7x | 1.8x |
| Fri, 04 Feb 2022 | UK£251.4b | UK£104.0b | UK£25.7b | 6.9x | 9.8x | 2.4x |
| Sun, 02 Jan 2022 | UK£222.9b | UK£104.2b | UK£25.8b | 6.5x | 8.6x | 2.1x |
| Tue, 30 Nov 2021 | UK£211.6b | UK£105.2b | UK£25.9b | 6.3x | 8.2x | 2x |
| Thu, 28 Oct 2021 | UK£242.7b | UK£111.0b | UK£25.7b | 6.7x | 9.4x | 2.2x |
| Sat, 25 Sep 2021 | UK£216.2b | UK£108.9b | UK£23.1b | 6.8x | 9.3x | 2x |
| Mon, 23 Aug 2021 | UK£219.4b | UK£108.3b | UK£23.0b | 6.6x | 9.5x | 2x |
| Sat, 10 Jul 2021 | UK£222.0b | UK£108.3b | UK£23.0b | 7x | 9.6x | 2x |
Price to Earnings Ratio
19.8x
Current Industry PE
- Investors are pessimistic on the British Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 7.1x which is lower than its 3-year average PE of 8.3x.
- The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 39% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the U.K. Financials industry?
| GB Market | 2.66% | |
| Financials | 3.55% | |
| Banks | 3.36% | |
| Regional Banks | 4.82% | |
| Diversified Banks | 3.36% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 21.2x.
- Analysts are expecting annual earnings growth of 41.1% and investors are willing to pay a premium for that growth.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 8.3x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 41% over the next 5 years.
- In contrast, the Diversified 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 | |
| STAN Standard Chartered | UK£7.51 | 8.1% +UK£1.5b | 22.4% | PB0.5x | |
| BARC Barclays | UK£2.12 | 4.0% +UK£1.2b | 38.1% | PB0.4x | |
| NWG NatWest Group | UK£3.17 | 4.0% +UK£1.1b | 21.6% | PB0.7x | |
| LLOY Lloyds Banking Group | UK£0.54 | 3.3% +UK£1.1b | 16.8% | PB0.7x |