HSBC Holdings plc (HBCN) - Net Assets
Based on the latest financial reports, HSBC Holdings plc (HBCN) has net assets worth MX$198.69 Billion MXN (≈ $11.43 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (MX$3.23 Trillion ≈ $186.13 Billion USD) and total liabilities (MX$3.04 Trillion ≈ $174.70 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check HSBC Holdings plc strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | MX$198.69 Billion |
| % of Total Assets | 6.14% |
| Annual Growth Rate | 0.09% |
| 5-Year Change | -6.21% |
| 10-Year Change | -2.66% |
| Growth Volatility | 4.57 |
HSBC Holdings plc - Net Assets Trend (2013–2024)
This chart illustrates how HSBC Holdings plc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see HBCN market cap.
Annual Net Assets for HSBC Holdings plc (2013–2024)
The table below shows the annual net assets of HSBC Holdings plc from 2013 to 2024. Also explore HBCN net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | MX$192.27 Billion ≈ $11.07 Billion |
-0.17% |
| 2023-12-31 | MX$192.61 Billion ≈ $11.08 Billion |
-1.74% |
| 2022-12-31 | MX$196.03 Billion ≈ $11.28 Billion |
-5.20% |
| 2021-12-31 | MX$206.78 Billion ≈ $11.90 Billion |
+0.87% |
| 2020-12-31 | MX$205.00 Billion ≈ $11.80 Billion |
+6.40% |
| 2019-12-31 | MX$192.67 Billion ≈ $11.09 Billion |
-0.81% |
| 2018-12-31 | MX$194.25 Billion ≈ $11.18 Billion |
-1.83% |
| 2017-12-31 | MX$197.87 Billion ≈ $11.39 Billion |
+8.38% |
| 2016-12-31 | MX$182.58 Billion ≈ $10.51 Billion |
-7.56% |
| 2015-12-31 | MX$197.52 Billion ≈ $11.37 Billion |
-1.23% |
| 2014-12-31 | MX$199.98 Billion ≈ $11.51 Billion |
+5.00% |
| 2013-12-31 | MX$190.46 Billion ≈ $10.96 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to HSBC Holdings plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 19.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | MX$152.40 Billion | 82.39% |
| Other Components | MX$32.57 Billion | 17.61% |
| Total Equity | MX$184.97 Billion | 100.00% |
HSBC Holdings plc Competitors by Market Cap
The table below lists competitors of HSBC Holdings plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AbbVie Inc
NYSE:ABBV
|
$356.49 Billion |
|
Chevron Corp
NYSE:CVX
|
$361.71 Billion |
|
Caterpillar Inc
NYSE:CAT
|
$362.70 Billion |
|
The Coca-Cola Company
NYSE:KO
|
$374.54 Billion |
|
Procter & Gamble Company
NYSE:PG
|
$343.55 Billion |
|
UnitedHealth Group Incorporated
NYSE:UNH
|
$340.79 Billion |
|
Lam Research Corp
NASDAQ:LRCX
|
$336.69 Billion |
|
Applied Materials Inc
NASDAQ:AMAT
|
$329.79 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HSBC Holdings plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 185,329,000,000 to 184,973,000,000, a change of -356,000,000 (-0.2%).
- Net income of 23,979,000,000 contributed positively to equity growth.
- Dividend payments of 17,100,000,000 reduced retained earnings.
- Share repurchases of 15,322,000,000 reduced equity.
- New share issuances of 3,602,000,000 increased equity.
- Other factors increased equity by 4,485,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | MX$23.98 Billion | +12.96% |
| Dividends Paid | MX$17.10 Billion | -9.24% |
| Share Repurchases | MX$15.32 Billion | -8.28% |
| Share Issuances | MX$3.60 Billion | +1.95% |
| Other Changes | MX$4.49 Billion | +2.42% |
| Total Change | MX$- | -0.19% |
Book Value vs Market Value Analysis
This analysis compares HSBC Holdings plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 170.17x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 187.46x to 170.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | MX$9.36 | MX$1755.00 | x |
| 2018-12-31 | MX$9.30 | MX$1755.00 | x |
| 2019-12-31 | MX$8.91 | MX$1755.00 | x |
| 2020-12-31 | MX$9.49 | MX$1755.00 | x |
| 2021-12-31 | MX$9.61 | MX$1755.00 | x |
| 2022-12-31 | MX$9.39 | MX$1755.00 | x |
| 2023-12-31 | MX$9.63 | MX$1755.00 | x |
| 2024-12-31 | MX$10.31 | MX$1755.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HSBC Holdings plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.96%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 35.58%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 16.31x
- Recent ROE (12.96%) is above the historical average (7.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 9.21% | 27.61% | 0.02x | 15.18x | MX$-1.40 Billion |
| 2014 | 7.65% | 23.90% | 0.02x | 14.72x | MX$-4.20 Billion |
| 2015 | 7.80% | 24.14% | 0.02x | 13.90x | MX$-3.81 Billion |
| 2016 | 1.41% | 4.08% | 0.03x | 13.54x | MX$-15.06 Billion |
| 2017 | 5.68% | 17.02% | 0.03x | 13.26x | MX$-8.23 Billion |
| 2018 | 7.37% | 21.59% | 0.02x | 13.73x | MX$-4.90 Billion |
| 2019 | 4.01% | 10.85% | 0.03x | 14.76x | MX$-11.01 Billion |
| 2020 | 2.66% | 8.29% | 0.02x | 15.19x | MX$-14.42 Billion |
| 2021 | 7.02% | 21.87% | 0.02x | 14.92x | MX$-5.91 Billion |
| 2022 | 8.55% | 23.93% | 0.02x | 15.82x | MX$-2.71 Billion |
| 2023 | 12.70% | 36.52% | 0.02x | 16.40x | MX$5.00 Billion |
| 2024 | 12.96% | 35.58% | 0.02x | 16.31x | MX$5.48 Billion |
Industry Comparison
This section compares HSBC Holdings plc's net assets metrics with peer companies in the Banks - Diversified industry.
Industry Context
- Industry: Banks - Diversified
- Average net assets among peers: $62,906,000,000
- Average return on equity (ROE) among peers: 5.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HSBC Holdings plc (HBCN) | MX$198.69 Billion | 9.21% | 15.28x | $346.75 Billion |
| Barclays PLC (BCSN) | $70.21 Billion | 9.08% | 18.72x | $84.10 Billion |
| ING Groep N.V (INGN) | $55.60 Billion | 1.73% | 20.13x | $46.00 Billion |
About HSBC Holdings plc
HSBC Holdings plc engages in the provision of banking and financial products and services worldwide. It operates through three segments: Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and … Read more