DBS Group is the largest bank in Singapore and operates in Hong Kong, Greater China, Southeast Asia, and India. Besides being Singapore's largest bank, it has also delivered the highest average return on equity in recent years and we view the group as a top-class operator among Asian banks.
A strong capital position allows for both increased shareholder distributions and for acquisitions when opportunities arise.
DBS' price/book ratio is higher than peers', so its valuation could be hurt if it disappoints in continuing to deliver higher-than-peers ROE.
|
Metric
|
D05
|
02388
|
O39
|
|---|---|---|---|
Price/Earnings (Normalized) | 9.08 | 6.28 | 8.86 |
Price/Book Value | 1.51 | 0.75 | 1.14 |
Price/Sales | 4.67 | 3.47 | 4.59 |
Price/Cash Flow | 8.35 | 5.37 | 8.47 |
|
Metric
|
D05
|
02388
|
O39
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
|
Metric
|
D05
|
02388
|
O39
|
|---|---|---|---|
Return on Assets (Normalized) | 1.38% | 0.93% | 1.26% |
Return on Equity (Normalized) | 17.42% | 10.76% | 13.77% |
Return on Invested Capital (Normalized) | — | — | — |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
BNPQY
| BNP Paribas ADR | Rsbqxcmhx | Nwgsh | $77.4 Bil | |
ISNPY
| Intesa Sanpaolo ADR | Gfnsgnkmzf | Vtsy | $64.0 Bil | |
USB
| U.S. Bancorp | Mmczcppbk | Wyb | $61.5 Bil | |
PNC
| PNC Financial Services Group Inc | Dlbjwfmw | Hdgfll | $58.3 Bil | |
ITUB
| Itau Unibanco Holding SA ADR | Wjyjfbkcj | Nmhcr | $54.8 Bil | |
MFG
| Mizuho Financial Group Inc ADR | Jlstcss | Sfdf | $48.8 Bil | |
TFC
| Truist Financial Corp | Ckzqynwb | Xgbjzps | $47.6 Bil | |
LYG
| Lloyds Banking Group PLC ADR | Wjqvhjsxm | Mgsqfhm | $39.7 Bil | |
DB
| Deutsche Bank AG | Tfnf | Pknl | $31.5 Bil | |
NWG
| NatWest Group PLC ADR | Jkp | Wrdkh | $29.5 Bil |
:quality(80)/s3.amazonaws.com/arc-authors/morningstar/bf20a05f-194a-4fd1-bb3a-9e98eace4666.jpg)