Dbs Group Intrinsic Value Calculator – DBS Group’s Net Profit Rises 45% in Q2 on Higher Net Interest Income and Fees
August 4, 2023
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The DBS ($SGX:D05) Group, a leading financial services group in Asia, reported a 45% increase in their net profit for the second quarter compared to the same period of the previous year. This remarkable growth was mainly attributed to the surge in net interest income and fees.
Additionally, fees from wealth and transaction banking also contributed to the increased profits. Further evidence of the company’s success can be seen in its Asset Quality, which improved significantly due to better credit controls and risk management. The balance sheet strength of DBS Group also improved due to higher capital adequacy ratios. It is likely that this trend will continue as the company continues to focus on improving its asset quality and balance sheet strength.
Analysis – Dbs Group Intrinsic Value Calculator
GoodWhale recently carried out an analysis of DBS GROUP‘s wellbeing. Our proprietary Valuation Line calculations revealed that the intrinsic value of DBS GROUP share is close to SG$35.0. Currently, the stock is trading at SG$33.8, which is a fair price that is slightly undervalued by 3.5%. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dbs Group. More…
| Total Revenues | Net Income | Net Margin |
| – | 8.88k | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dbs Group. More…
| Operations | Investing | Financing |
| 2.77k | -694 | -3.89k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dbs Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 743.37k | 686.3k | – |
Key Ratios Snapshot
Some of the financial key ratios for Dbs Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.3% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Peers
DBS Group Holdings Ltd is a Singaporean holding company for DBS Bank. The company operates in three segments: Consumer Banking and Wealth Management, Institutional Banking, and Treasury and Markets. The company offers a range of banking products and services, including deposits, loans, and credit cards. The company also offers wealth management products and services, such as investment advisory, portfolio management, and private banking. The company operates in Singapore, Hong Kong, Taiwan, China, and Indonesia.
DBS Group Holdings Ltd’s competitors include Bank Of Beijing Co Ltd, China Citic Bank Corp Ltd, and Hang Seng Bank Ltd. These companies are also holding companies for banks and offer similar products and services.
– Bank Of Beijing Co Ltd ($SHSE:601169)
Bank of Beijing Co Ltd is a large Chinese bank with a market cap of 86.69B as of 2022. The bank offers a wide range of banking and financial services to both individuals and businesses. These services include loans, savings and checking accounts, credit cards, and investment products. The bank has over 3,000 branches across China and employs over 30,000 people.
– China Citic Bank Corp Ltd ($SHSE:601998)
Citic Bank Corp Ltd is a large Chinese bank with a market cap of 198.42B as of 2022. The company offers a full range of banking services including deposits, loans, credit cards, and investments. It has over 3,000 branches across China and is one of the country’s largest banks.
– Hang Seng Bank Ltd ($SEHK:00011)
Hang Seng Bank is a leading financial institution in Hong Kong with a market capitalization of 227.13 billion as of 2022. The bank offers a comprehensive range of banking and financial services to personal, corporate, and institutional customers through its network of branches and ATMs in Hong Kong. These services include deposits, loans, credit cards, foreign exchange, money market, and investment banking products. Hang Seng Bank is also one of the largest issuers of credit cards in Hong Kong.
Summary
DBS Group, one of Asia’s largest banking and financial services groups, reported a 45% year-on-year increase in their second-quarter net profit, driven mainly by higher net interest income and fees. DBS Group remains an attractive investment opportunity with its strong balance sheet, solid earnings, and healthy capital position. It is expected to continue to benefit from its regional presence and strong track record in delivering consistent returns for shareholders.
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