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Is the HSBC (LON:HSBC) share price cheap at 610p?

12th Aug by Jack Brumby

Hsbc Holdings (LON:HSBAis a global banking giant, with operations stretching across Europe, Asia, the Middle East and North Africa, North America and Latin AmericaFor the six months ended 30 June 2019, HSBC Holdings interest income increased 18% to $27.75bn and net income applicable to common stockholders increased 19% to $8.51bn.

Right now the HSBC share price displays favourable value traits, as evidenced by its Value Rank of 84. Let's explore this in more detail.


Breaking down HSBC's Value Rank

We can see by using the HSBC StockReport that the group has a:

  • Rolling price to book value of 0.89,
  • Trailing twelve month price to earnings ratio of 10.7
  • Trailing twelve month price to free cashflow of 2.95
  • Rolling dividend yield of 6.82%
  • Trailing twelve-month price to sales ratio of 2.13

This combination of financial traits suggests that HSBC stock might be good value at current levels, although further research is required if this is to be confirmed.

Studies indicate that combining factors such as Value, Quality and Momentum is a more effective way of outperforming the market over longer time frames. That's why we have constructed our StockReports to give an instant impression of how well exposed Hsbc Holdings (LON:HSBA) is to these three factors. We go into greater detail on factor investing in this video

Stockopedia helps you to identify return-enhancing factors such as Quality, Value and Momentum by analysing thousands of data points every day. To find out more about you find investment opportunities and analyse your portfolios then take one of our two-week free trials and have a look around.

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