Hang Seng Bank Ltd
Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, and small and medium sized enterprise customers in Hong Kong, Mainland China, and internationally. It operates through five segments: Wealth and Personal Banking, Commercial Banking, Global Banking, Global Markets, and Other. The company offers pers… Read more
Hang Seng Bank Ltd (HSNGY) - Net Assets
Latest net assets as of June 2025: $170.71 Billion USD
Based on the latest financial reports, Hang Seng Bank Ltd (HSNGY) has net assets worth $170.71 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.82 Trillion) and total liabilities ($1.65 Trillion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $170.71 Billion |
| % of Total Assets | 9.37% |
| Annual Growth Rate | 6.38% |
| 5-Year Change | -1.1% |
| 10-Year Change | 19.43% |
| Growth Volatility | 198.31 |
Hang Seng Bank Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Hang Seng Bank Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hang Seng Bank Ltd (2002–2024)
The table below shows the annual net assets of Hang Seng Bank Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $169.56 Billion | +0.82% |
| 2023-12-31 | $168.18 Billion | -2.34% |
| 2022-12-31 | $172.22 Billion | -0.26% |
| 2021-12-31 | $172.67 Billion | +0.71% |
| 2020-12-31 | $171.45 Billion | +2.56% |
| 2019-12-31 | $167.17 Billion | +3.13% |
| 2018-12-31 | $162.11 Billion | -89.01% |
| 2017-12-31 | $1.47 Trillion | +948.37% |
| 2016-12-31 | $140.69 Billion | -0.91% |
| 2015-12-31 | $141.98 Billion | +2.00% |
| 2014-12-31 | $139.19 Billion | +29.15% |
| 2013-12-31 | $107.78 Billion | +16.74% |
| 2012-12-31 | $92.32 Billion | +17.23% |
| 2011-12-31 | $78.75 Billion | +12.49% |
| 2010-12-31 | $70.01 Billion | +20.25% |
| 2009-12-31 | $58.22 Billion | +12.78% |
| 2008-12-31 | $51.63 Billion | -8.56% |
| 2007-12-31 | $56.46 Billion | +15.93% |
| 2006-12-31 | $48.70 Billion | +11.36% |
| 2005-12-31 | $43.73 Billion | -0.70% |
| 2004-12-31 | $44.04 Billion | +9.31% |
| 2003-12-31 | $40.28 Billion | -7.45% |
| 2002-12-31 | $43.53 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hang Seng Bank Ltd'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 12939000000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $129.39 Billion | 76.33% |
| Common Stock | $9.66 Billion | 5.70% |
| Other Comprehensive Income | $30.47 Billion | 17.98% |
| Total Equity | $169.52 Billion | 100.00% |
Hang Seng Bank Ltd Competitors by Market Cap
The table below lists competitors of Hang Seng Bank Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NortonLifeLock Inc
F:SYM
|
$8.82 Billion |
|
Exelixis Inc
NASDAQ:EXEL
|
$8.82 Billion |
|
SharkNinja, Inc.
NYSE:SN
|
$8.83 Billion |
|
CATHAY PAC.AIRW.HD-20ADR5
F:CTYA
|
$8.84 Billion |
|
SOUTHSTATE CORP. DL 25
F:FJ5
|
$8.81 Billion |
|
The Hong Kong and China Gas Company Limited
F:HCG
|
$8.81 Billion |
|
Severn Trent PLC PK
PINK:STRNY
|
$8.81 Billion |
|
Skanska AB (publ)
PINK:SKSBF
|
$8.81 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hang Seng Bank Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 168,131,000,000 to 169,522,000,000, a change of 1,391,000,000 (0.8%).
- Net income of 18,379,000,000 contributed positively to equity growth.
- Dividend payments of 12,923,000,000 reduced retained earnings.
- Share repurchases of 3,006,000,000 reduced equity.
- Other comprehensive income decreased equity by 1,375,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $18.38 Billion | +10.84% |
| Dividends Paid | $12.92 Billion | -7.62% |
| Share Repurchases | $3.01 Billion | -1.77% |
| Other Comprehensive Income | $-1.38 Billion | -0.81% |
| Other Changes | $316.00 Million | +0.19% |
| Total Change | $- | 0.83% |
Book Value vs Market Value Analysis
This analysis compares Hang Seng Bank Ltd'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: 0.14x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.57x to 0.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $22.54 | $12.87 | x |
| 2003-12-31 | $20.74 | $12.87 | x |
| 2004-12-31 | $22.57 | $12.87 | x |
| 2005-12-31 | $22.26 | $12.87 | x |
| 2006-12-31 | $24.57 | $12.87 | x |
| 2007-12-31 | $29.53 | $12.87 | x |
| 2008-12-31 | $27.00 | $12.87 | x |
| 2009-12-31 | $30.45 | $12.87 | x |
| 2010-12-31 | $36.62 | $12.87 | x |
| 2011-12-31 | $41.19 | $12.87 | x |
| 2012-12-31 | $48.29 | $12.87 | x |
| 2013-12-31 | $56.37 | $12.87 | x |
| 2014-12-31 | $72.81 | $12.87 | x |
| 2015-12-31 | $74.26 | $12.87 | x |
| 2016-12-31 | $73.56 | $12.87 | x |
| 2017-12-31 | $79.52 | $12.87 | x |
| 2018-12-31 | $84.78 | $12.87 | x |
| 2019-12-31 | $87.38 | $12.87 | x |
| 2020-12-31 | $89.63 | $12.87 | x |
| 2021-12-31 | $90.27 | $12.87 | x |
| 2022-12-31 | $83.65 | $12.87 | x |
| 2023-12-31 | $87.94 | $12.87 | x |
| 2024-12-31 | $88.90 | $12.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hang Seng Bank Ltd 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): 10.84%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 44.21%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 10.59x
- Recent ROE (10.84%) is below the historical average (18.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 23.02% | 65.75% | 0.03x | 11.02x | $5.61 Billion |
| 2003 | 24.06% | 62.03% | 0.03x | 12.69x | $5.57 Billion |
| 2004 | 26.39% | 70.98% | 0.03x | 12.70x | $7.08 Billion |
| 2005 | 26.64% | 48.79% | 0.04x | 13.64x | $7.08 Billion |
| 2006 | 25.62% | 46.02% | 0.04x | 14.24x | $7.34 Billion |
| 2007 | 32.96% | 76.13% | 0.03x | 13.21x | $12.96 Billion |
| 2008 | 27.31% | 59.84% | 0.03x | 14.76x | $8.94 Billion |
| 2009 | 22.71% | 66.11% | 0.02x | 14.19x | $7.40 Billion |
| 2010 | 21.31% | 69.58% | 0.02x | 13.10x | $7.92 Billion |
| 2011 | 21.18% | 73.82% | 0.02x | 12.39x | $8.80 Billion |
| 2012 | 21.04% | 53.06% | 0.03x | 11.67x | $10.19 Billion |
| 2013 | 24.75% | 55.38% | 0.04x | 10.61x | $15.90 Billion |
| 2014 | 10.87% | 58.56% | 0.02x | 9.08x | $1.21 Billion |
| 2015 | 19.36% | 73.49% | 0.03x | 9.40x | $13.30 Billion |
| 2016 | 11.53% | 59.93% | 0.02x | 9.79x | $2.15 Billion |
| 2017 | 13.17% | 59.93% | 0.02x | 9.72x | $4.82 Billion |
| 2018 | 14.94% | 62.25% | 0.02x | 9.69x | $8.00 Billion |
| 2019 | 14.62% | 31.31% | 0.05x | 10.04x | $7.71 Billion |
| 2020 | 9.74% | 53.40% | 0.02x | 10.27x | $-448.60 Million |
| 2021 | 8.09% | 24.56% | 0.03x | 10.55x | $-3.30 Billion |
| 2022 | 7.06% | 42.26% | 0.01x | 11.84x | $-4.71 Billion |
| 2023 | 10.19% | 49.57% | 0.02x | 10.06x | $326.90 Million |
| 2024 | 10.84% | 44.21% | 0.02x | 10.59x | $1.43 Billion |
Industry Comparison
This section compares Hang Seng Bank Ltd's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hang Seng Bank Ltd (HSNGY) | $170.71 Billion | 23.02% | 9.67x | $8.81 Billion |
| Abcam plc (ABCZF) | $726.90 Million | -1.17% | 0.45x | $5.00 Billion |
| Able View Global Inc. Warrant (ABLVW) | $11.42 Million | 85.41% | 3.81x | $277.93K |
| Above Food Ingredients Inc. Warrants (ABVEW) | $199.86 Million | -2.89% | 0.00x | $6.25 Million |
| Adamas Trust, Inc. (ADAMG) | $2.43 Billion | 7.94% | 1.33x | $2.09 Billion |
| ADS-TEC ENERGY PLC Warrant (ADSEW) | $33.92 Million | -162.39% | 2.67x | $10.06 Million |
| Alliance Entertainment Holding Corporation Warrants (AENTW) | $52.92 Million | 10.13% | 4.23x | $2.29 Million |
| Forafric Global PLC Warrants (AFRIW) | $5.32 Million | -457.58% | 45.29x | $2.67 Million |
| Centurion Acquisition Corp. Warrant (ALFUW) | $282.84 Million | 1.97% | 0.05x | $4.81 Million |
| Alliance Trust PLC (ALITF) | $4.04 Billion | 10.04% | 0.29x | $112.87K |
| Alvotech Warrant (ALVOW) | $-564.42 Million | 0.00% | 0.00x | $35.01 Million |