HSBC vs. IBN: HSBC vs. ICICI Bank Stock Comparison

Company Profile

HSBC (HSBC) and ICICI Bank (IBN) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.

Both HSBC (HSBC) and ICICI Bank (IBN) trade as ADRs — their core financials are comparable, but keep FX, depositary-program fees, and dividend withholding in view for each.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Both HSBC (HSBC) at 14.22% and ICICI Bank (IBN) at 16.49% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

HSBC (HSBC) at 41.16% retains a top-quartile share of revenue as profit, ahead of ICICI Bank (IBN) at 27.85%, which keeps about the industry-typical share.

Neither side reports a meaningful operating margin: for HSBC (HSBC) in Banks and ICICI Bank (IBN) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Growth

ICICI Bank (IBN) at 9.13% is around its peer norm for revenue growth, while HSBC (HSBC) at 5.38% drops into the bottom quartile, signaling weaker demand or pricing momentum.

ICICI Bank (IBN) at 5.10% is around its peer norm for EPS growth, while HSBC (HSBC) at -3.23% drops into the bottom quartile, signaling weaker earnings momentum.

Growth Metrics

Financial Strength

current ratio doesn’t apply on either side: HSBC (HSBC) in Banks and ICICI Bank (IBN) in Banks both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

debt-to-equity ratio is set aside for both: HSBC (HSBC) in Banks and ICICI Bank (IBN) in Banks run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Dividends

ICICI Bank (IBN) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile HSBC (HSBC) reports a yield of 0.86%, ranking against industry peers normally.

ICICI Bank (IBN) at 14.16% retains more earnings than its industry usually does; HSBC (HSBC) at 53.57% distributes an above-typical share — opposite departures from the band, with the risk sitting on HSBC’s side.

Dividend Metrics

Valuation

HSBC (HSBC) at 11.38 is near its industry’s usual P/E ratio, while ICICI Bank (IBN) at 19.26 sits above its peer range — an unusually expensive price for IBN’s trailing earnings.

P/S ratio is set aside for both HSBC (HSBC) in Banks and ICICI Bank (IBN) in Banks: without a conventional revenue line, pricing per dollar of sales isn’t meaningful, and book- or earnings-based multiples make the better comparison.

Measured against book value, both HSBC (HSBC) at 6.87 and ICICI Bank (IBN) at 2.94 look expensive — each P/B ratio sits above its industry’s benchmark range.

Valuation Metrics