DBS' second-quarter net profit rose 9% year-on-year to SGD 3.1 billion, driven by solid wealth management fee and trading income growth. Loan growth and hedging partly offset lower interest rates. Return on equity remained high at 18%, while DBS declared a dividend of SGD 0.81 cents per share.
DBS' ample capital helps it to increase dividend payouts given strong capital generation from earnings.
DBS' price/book ratio is higher than its peers', so its valuation could be hurt if it disappoints in continuing to deliver ROE above its peers.
|
Metric
|
D05
|
U11
|
O39
|
|---|---|---|---|
Price/Earnings (Normalized) | 18.95 | 14.82 | 18.12 |
Price/Book Value | 3.07 | 1.40 | 2.27 |
Price/Sales | 9.30 | 5.11 | 9.17 |
Price/Cash Flow | 16.67 | 10.10 | 18.25 |
|
Metric
|
D05
|
U11
|
O39
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
|
Metric
|
D05
|
U11
|
O39
|
|---|---|---|---|
Return on Assets (Normalized) | 1.26% | 0.82% | 1.20% |
Return on Equity (Normalized) | 16.50% | 9.53% | 13.41% |
Return on Invested Capital (Normalized) | — | — | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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United States