DBS Group (DBSDY) AI Stock Analysis

• Market Cap: $118.50B
• Dividend Yield: 4.79%
• Average Volume (3M): 4.07K
• Price to Earnings (P/E): 13.9
• Beta (1Y): 0.40
• Revenue Growth: 4.50%
• EPS Growth: 8.21%
• Country: US
• Employees: 41,000
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 3.18
• Shares Outstanding: 709,505,400
• 10 Day Avg. Volume: 12,212
• 30 Day Avg. Volume: 4,070
• PEG Ratio: 0.92
• Price to Book (P/B): 1.81
• Price to Sales (P/S): 3.21
• P/FCF Ratio: 8.61
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 12.2
• Revenue Forecast (FY): $17.87B

• Rating: 83 Outperform
• Price Target: $193.00 ▲(16.24% Upside)

DBS Group's overall stock score is driven by its strong financial performance and positive earnings call results. The company's robust revenue growth, effective leverage management, and solid asset quality are significant strengths. Technical indicators and valuation metrics also support a positive outlook, although interest margin compression and increased tax expenses present some challenges.

Positive Factors

Strong Financial Performance

DBS's robust revenue and net income growth indicate a solid financial foundation, enhancing its ability to invest in strategic initiatives and withstand economic fluctuations.

Wealth Management Growth

The significant growth in wealth management reflects DBS's effective client acquisition and retention strategies, contributing to long-term revenue stability and diversification.

Effective Risk Management

Prudent risk management with a substantial GP overlay positions DBS to handle potential economic stress, ensuring resilience and stability in uncertain environments.

Negative Factors

Hong Kong Asset Quality Concerns

Rising non-performing loans in Hong Kong indicate asset quality issues, potentially impacting profitability and requiring increased provisions, which could strain resources.

SME Stress in Hong Kong

Stress in Hong Kong's SME sector due to high interest rates may lead to reduced lending opportunities and increased credit risk, affecting DBS's regional performance.

Seasonal Decline in Wealth Management

A seasonal decline in wealth management could signal volatility in this revenue stream, necessitating strategies to mitigate such fluctuations and stabilize earnings.

DBS Group Business Overview & Revenue Model

Company Description

DBS Group Holdings Ltd provides financial products and services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. It operates through Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others segments. The Consumer Banking/Wealth Management segment offers banking and related financial services, including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products for individual customers. The Institutional Banking segment provides financial services and products for bank and non-bank financial institutions, government-linked companies, large corporates, and small and medium sized businesses. Its products and services comprise short-term working capital financing and specialized lending; cash management, trade finance, and securities and fiduciary services; treasury and markets products; and corporate finance and advisory banking, as well as capital markets solutions. The Treasury Markets segment is involved in the structuring, market-making, and trading in a range of treasury products. The Others segment offers Islamic banking services. The company was founded in 1968 and is headquartered in Singapore.

How the Company Makes Money

DBS Group generates revenue through multiple key streams, primarily from interest income and non-interest income. Interest income is derived from lending activities, including personal loans, mortgages, and business loans, where the bank earns interest on the funds it lends out. Non-interest income comes from fees and commissions related to banking services, such as transaction fees, advisory fees for mergers and acquisitions, investment management fees, and wealth management services. Additionally, DBS benefits from treasury and market activities, including foreign exchange trading and derivatives. Strategic partnerships with fintech companies and a strong focus on digital banking initiatives have also enhanced its ability to attract customers and increase transaction volumes, contributing positively to its overall earnings.

DBS Group Financial Statement Overview

Summary

DBS Group exhibits a strong financial position with impressive revenue and net income growth, excellent leverage management, and robust cash flow generation. The company's financial health appears solid with consistent improvements in profitability and equity returns. Minor areas of concern include limited data on EBIT/EBITDA margins and variability in cash flow growth, though these are outweighed by overall strong performance.

Income Statement

DBS Group shows strong performance with a noticeable revenue growth rate from 2023 to 2024. The gross profit margin is high as total revenue equals gross profit, indicating no cost of goods sold, typical for banking. Net profit margin has also improved, reflecting efficient cost management. However, the absence of EBIT and EBITDA figures in recent periods limits a comprehensive profitability assessment.

Balance Sheet

The balance sheet is robust with zero reported debt in 2024, indicating excellent leverage management. The equity ratio is solid due to a significant stockholder equity base, suggesting financial stability. Return on equity has improved over time, demonstrating effective utilization of equity capital.

Cash Flow

Operating cash flow has significantly increased, reflecting strong cash generation capability. The free cash flow to net income ratio is positive and increasing, indicating strong cash conversion. However, fluctuations in free cash flow growth rates suggest some variability in capital expenditures or operational efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	30.11B	38.72B	34.35B	21.48B	15.92B	11.53B
Gross Profit	30.11B	22.22B	20.13B	16.49B	14.17B	11.53B
EBITDA	10.28B	13.71B	12.23B	10.08B	8.45B	0.00
Net Income	11.25B	11.29B	10.06B	8.19B	6.80B	4.72B
Balance Sheet
Total Assets	841.90B	827.22B	739.30B	743.37B	686.07B	649.94B
Cash, Cash Equivalents and Short-Term Investments	141.23B	140.17B	118.88B	115.01B	107.75B	102.13B
Total Debt	76.30B	64.90B	44.83B	47.08B	53.86B	45.21B
Total Liabilities	773.29B	758.39B	677.05B	686.30B	628.36B	595.29B
Stockholders Equity	68.56B	68.79B	62.06B	56.89B	57.53B	54.63B
Cash Flow
Free Cash Flow	0.00	14.43B	4.69B	2.10B	7.16B	24.33B
Operating Cash Flow	0.00	15.34B	5.41B	2.77B	7.73B	24.88B
Investing Cash Flow	0.00	-1.24B	727.00M	-694.00M	-1.60B	-415.00M
Financing Cash Flow	0.00	-6.60B	-9.43B	-3.89B	-2.58B	-2.37B

DBS Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 166.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DBSDY, the sentiment is Positive. The current price of 166.04 is below the 20-day moving average (MA) of 166.43, above the 50-day MA of 164.33, and above the 200-day MA of 145.14, indicating a bullish trend. The MACD of 0.66 indicates Negative momentum. The RSI at 59.66 is Neutral, neither overbought nor oversold. The STOCH value of 91.46 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DBSDY.

DBS Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DBSDY	83 Outperform	$118.50B	13.92	17.10%	4.79%	4.50%	8.21%
ITUB	74 Outperform	$74.83B	10.18	19.90%	5.29%	11.82%	3.41%
HDB	73 Outperform	$172.01B	21.50	14.17%	3.07%	-1.78%	0.65%
IBN	71 Outperform	$109.13B	17.52	17.41%	0.84%	10.85%	7.98%
LYG	71 Outperform	$75.71B	17.19	7.85%	3.30%	-20.94%	-18.71%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
MFG	64 Neutral	$89.69B	13.36	9.14%	2.77%	-2.84%	25.48%

DBS Group Corporate Events

DBS Group Reports Record Revenue and Growth

DBS Group Holdings demonstrated a robust performance in its latest earnings call, showcasing record-breaking revenue and significant growth in key segments like fee income and wealth management. Despite facing challenges such as increased tax expenses and interest margin compression, the bank maintained resilient asset quality and achieved notable deposit growth, reflecting a positive sentiment overall.

DBS Group Reports Record Profit in Q3 2025

DBS Group Holdings Ltd is a leading financial services group in Asia, headquartered in Singapore, providing a wide range of banking and financial services including consumer banking, wealth management, and institutional banking.