Oversea-Chinese Banking Corporation Limited

SGX-O39

Basic

Market Cap
SGD 66.93B
EV
—
Shares Out
4,494.63M
Revenue
SGD 12.99B
Employees
33,330

Margins

Gross
—
EBITDA
—
Operating
—
Pre-Tax
65.51%
Net
54.84%
FCF
-46.59%

Returns (5Yr Avg)

ROA
0.96%
ROTA
10.78%
ROE
10.07%
ROCE
—
ROIC
0.97%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
SGD 15.46
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
—
Net Debt
-SGD 45.04B
Debt/Equity
—
EBIT/Interest
—

Growth (CAGR)

Rev 3Yr
12.95%
Rev 5Yr
6.42%
Rev 10Yr
—
Dil EPS 3Yr
24.7%
Dil EPS 5Yr
7.99%
Dil EPS 10Yr
6.94%
Rev Fwd 2Yr
2.75%
EBITDA Fwd 2Yr
3.45%
EPS Fwd 2Yr
2.99%
EPS LT Growth Est
15.92%

Dividends

Yield
—
Payout
52.9%
DPS
SGD 0.82
DPS Growth 3Yr
37.13%
DPS Growth 5Yr
13.78%
DPS Growth 10Yr
9.2%
DPS Growth Fwd 2Yr
3.42%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Interest Income On Loans						12,098	9,143	7,425	11,590	20,867	—
Interest Income On Investments						92	78	113	—	—	—
Interest Income, Total						12,190	9,221	7,538	11,590	20,867	—
Interest On Deposits						5,767	3,177	1,570	3,902	11,222	—
Interest Expense, Total						5,767	3,177	1,570	3,902	11,222	—
Net Interest Income						6,423	6,044	5,968	7,688	9,645	9,744
Income From Trading Activities	—	—	—	—	—	977	863	763	929	1,004	1,119
Gain (Loss) on Sale of Assets						83	53	107	99	71	71
Gain (Loss) on Sale of Invest. & Securities						171	208	92	-206	47	32
Total Other Non Interest Income						3,217	2,971	3,666	2,776	2,740	2,817
Non Interest Income, Total						4,448	4,095	4,628	3,598	3,862	4,039
Revenues Before Provison For Loan Losses						10,871	10,139	10,596	11,286	13,507	13,783
Provision For Loan Losses						890	2,043	873	584	733	792
Total Revenues						9,981	8,096	9,723	10,702	12,774	12,991
Total Revenues % Chg.						6%	-18.9%	20.1%	10.1%	19.4%	10.7%
Salaries And Other Employee Benefits						2,771	2,672	2,955	3,153	3,440	3,440
Amort. of Goodwill & Intang. Assets						103	104	103	104	103	103
Selling General & Admin Expenses, Total						229	226	225	80	61	61
(Income) Loss on Equity Invest.						-566	-612	-824	-910	-953	-948
Total Other Non Interest Expense						1,644	1,541	1,584	1,605	1,722	1,824
Non Interest Expense, Total						4,181	3,931	4,043	4,032	4,373	4,480
EBT, Excl. Unusual Items						5,800	4,165	5,680	6,670	8,401	8,511
Asset Writedown					—	—	—	—	—	—	—
EBT, Incl. Unusual Items						5,800	4,165	5,680	6,670	8,401	8,511
Income Tax Expense						778	437	648	1,031	1,236	1,243
Earnings From Continuing Operations						5,022	3,728	5,032	5,639	7,165	7,268
Minority Interest						-153	-142	-174	-113	-144	-144
Net Income						4,869	3,586	4,858	5,526	7,021	7,124
Preferred Dividend and Other Adjustments						59	53	46	—	—	—
Net Income to Common Incl Extra Items						4,810	3,533	4,812	5,526	7,021	7,124
Net Income to Common Excl. Extra Items						4,810	3,533	4,812	5,526	7,021	7,124
Total Shares Outstanding						4,401	4,474	4,492	4,495	4,494	4,494
Weighted Avg. Shares Outstanding						4,307	4,420	4,489	4,529.5	4,529.7	4,494
Weighted Avg. Shares Outstanding Dil						4,311	4,421	4,494	4,529.5	4,529.7	4,494
EPS						1.1	0.8	1.1	1.2	1.6	1.6
EPS Diluted						1.1	0.8	1.1	1.2	1.6	1.6
Effective Tax Rate						13.4%	10.5%	11.4%	15.5%	14.7%	14.6%