EN DE

The Bank of East Asia, Limited (0023) Fair Value & Analysis

Financial Services · HK · Market cap HK$33.1B

TB The Bank of East Asia, Limited 0023 · HK
PriceHK$16.51
Fair ValueHK$17.21
Upside+4.2%
Quality61/100
Watch The Bank of East Asia, Limited for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Highly profitable · 22.8% net margin
Low debt · generates free cash flow
4.78% dividend yield
Mixed vs. peers (8/14)
Moderate moat 61/100
Evidence: High Range HK$12.91 – HK$21.52 Share as image

Fair value as of: Aug 2, 2026

From 6 valuation models · updated 8 days ago

Share price +26.4% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

HK$16.68 HK$6.29 Fair Value HK$17.21 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range HK$6.29 – HK$16.68 · fair‑value band HK$12.91 – HK$21.52 · the HK$16.51 price screens below the HK$17.21 fair value. Dashed = 300-day average. As of Aug 2, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

The Bank of East Asia, Limited (0023) currently trades at HK$16.51, while our model-based Fair Value estimate is HK$17.21, implying the stock looks roughly 4.2% fairly valued today. The Quality Score stands at 61/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, The Bank of East Asia, Limited generated revenue of HK$15.4B at a net margin of 22.8%. Revenue declined 3.4% year over year. It earns a return on equity of 3.3%. The balance sheet holds a net cash position of HK$24.6B. Fundamentals as of Aug 2, 2026

Our scenario range runs from HK$12.91 (bear case) to HK$21.52 (bull case); at HK$16.51, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 44% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 4%, 0023 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income HK$29.26 HK$28.80 HK$25.07 76
Gordon GGM HK$6.62 HK$13.77 HK$21.85 70
P/E Multiple HK$12.91 HK$17.21 HK$21.52 63
All 6 models by family
Dividend Discount
Gordon GGM HK$6.62 HK$13.77 HK$21.85 70
DDM Multi-Stage HK$6.62 HK$11.61 HK$14.45 61
Multiples
P/E Multiple HK$12.91 HK$17.21 HK$21.52 63
P/B Multiple HK$16.88 HK$22.51 HK$28.14 55
Asset-Based
NCAV (Graham) HK$19.92 HK$26.69 HK$39.84 50
Economic Profit
Residual Income HK$29.26 HK$28.80 HK$25.07 76

Widest divergence: Economic Profit (HK$28.80) versus Dividend Discount (HK$11.61). Highest evidence: Residual Income (76).

Notify me when 0023 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) HK$15.4B
Revenue growth (YoY) -3.4%
Net margin 22.8%
Return on equity 3.3%
Free cash flow HK$6.5B FY2025
P/E ratio 10.4
More key figures
Operating margin 34.6%
EPS (TTM) HK$0.8600
Dividend yield 4.8%
EPS growth (YoY) -57.7%
Net cash HK$24.6B FY2025

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 55 · Market factors (momentum, volatility) 74

Profitability 19
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 94
Earnings quality: real cash, not paper profit
Fin. Strength 20
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 90
Distance to the 52-week high (market factor)
Net Issuance 88
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

The Bank of East Asia, Limited, together with its subsidiaries, provides various banking and related financial services.

Full company description

The Bank of East Asia, Limited, together with its subsidiaries, provides various banking and related financial services. It operates through eight segments: the Hong Kong Operations " Personal Banking; Hong Kong Operations " Wholesale Banking; Hong Kong Operations " Treasury Markets; Hong Kong Operations " Wealth Management; Hong Kong Operations " Others; Chinese Mainland Operations; and Overseas, Macau and Taiwan Operations. The company offers syndicated loans, trade finance, deposit-taking, foreign currency savings, remittances, mortgage loans, consumer loans, credit cards, cyberbanking, retail investment and wealth management services, private banking, Renminbi services, foreign exchange margin trading, broking services, and mandatory provident fund services. The Bank of East Asia, Limited was incorporated in 1918 and is headquartered in Central, Hong Kong.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

The Bank of East Asia, Limited reported revenue of HK$37.6B in FY2025 versus HK$23.9B in FY2021, a compound +12.0%/yr. Reported net income was HK$3.5B in FY2025, compounding −9.7%/yr from FY2021.

Growth Quality 78/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
HK$37.6B
Latest YoY
+143.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.6%
Avg. growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.4%
Revenue +12.0%/yr
FY21 HK$23.9B
FY22 HK$29.7B
FY23 HK$14.5B
FY24 HK$15.4B
FY25 HK$37.6B
Net income −9.7%/yr
FY21 HK$5.3B
FY22 HK$4.4B
FY23 HK$4.1B
FY24 HK$4.6B
FY25 HK$3.5B
Character of growth · EPS growth decomposed (2014-2025) −2.9 % p.a.
Revenue per share +4.3 pp

of which total revenue +4.9 pp · buybacks/dilution −0.6 pp

EBIT margin −4.7 pp
Tax rate −0.2 pp
Residual (interest, one-offs) −2.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

Watch 0023: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "The Bank of East Asia, Limited Fair Value". https://www.fairvalue-calculator.com/stock/0023

Peer Group

Banks - Regional · 1083 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 60 · Top 25%
Fair Value upside +4% · Above median
Return on equity (TTM) 3% · Bottom 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 23% · Below median
Operating margin (TTM) 35% · Below median
Revenue growth -3% · Bottom 25%
Dividend yield (TTM) 4.8% · Top 25%
Debt / equity 0.19× · Lower than median

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 10.4× · Cheaper than median
P/B 0.31× · Cheaper than 75% of peers
P/S (TTM) 2.15× · Cheaper than 75% of peers
P/FCF 0.6× · Cheaper than 75% of peers
PEG 1.67× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 39 · sector 39
FUTURE 0 · sector 44
PAST 13 · sector 41
HEALTH 91 · sector 85
DIVIDEND 96 · sector 49

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%

Compare The Bank of East Asia, Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is The Bank of East Asia, Limited (0023) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of HK$17.21 versus a price of HK$16.51, about +4% (fairly valued).
What is the fair value of 0023?
Our model-based fair value for The Bank of East Asia, Limited is HK$17.21 (as of Aug 2, 2026), built from audited fundamentals. The current price is HK$16.51.
What is the quality score of 0023?
The Bank of East Asia, Limited has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of The Bank of East Asia, Limited (0023)?
The Bank of East Asia, Limited reported trailing-twelve-month revenue of about HK$15.4B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of 0023?
The net profit margin of The Bank of East Asia, Limited is about 22.8%, meaning it keeps roughly 22.8% of revenue as net income. Based on the latest reported figures.
Does The Bank of East Asia, Limited pay a dividend?
The Bank of East Asia, Limited currently shows a dividend yield of about 4.78% relative to its recent price (as of Aug 2, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track The Bank of East Asia, Limited and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.