NATIONAL AUSTRALIA BANK LIMITED (NAB)
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NAB - NATIONAL AUSTRALIA BANK LIMITED

FNArena Sector : Banks
Year End: September
GICS Industry Group : Banks
Debt/EBITDA: N/A
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

National Australia Bank is the third largest Australian bank by market capitalisation. First listed in 1974 it became the NAB in 1982 with the merger of National Bank of Australasia and the Commercial Banking Company of Sydney.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$34.40

03 May
2024

0.120

OPEN

$34.40

0.35%

HIGH

$34.52

3,547,868

LOW

$34.11

TARGET
$30.24

+0.60 change from previous day

 -12.1% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABA . AFG . ANZ . BEN . BOQ . CBA . HLI . MYS . RMC . SUN . VUK . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
NAB: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx N/A 222.5 xxx
DPS (cps) xxx N/A 168.5 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 15.5 xxx
Dividend Yield xxx N/A 4.9% xxx
Div Pay Ratio(%) xxx N/A 75.7% xxx

Dividend yield today if purchased 3 years ago: 6.10%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.85

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 14/11 - ex-div 84c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx236.4
DPS All xxxxxxxxxxxxxxx167.0
Sales/Revenue xxxxxxxxxxxxxxx51,699.0 M
Book Value Per Share xxxxxxxxxxxxxxx1,959.5
Net Operating Cash Flow xxxxxxxxxxxxxxx-26,699.0 M
Net Profit Margin xxxxxxxxxxxxxxx14.44 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx12.42 %
Return on Invested Capital xxxxxxxxxxxxxxx3.26 %
Return on Assets xxxxxxxxxxxxxxx0.71 %
Return on Equity xxxxxxxxxxxxxxx12.42 %
Return on Total Capital xxxxxxxxxxxxxxx3.02 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-32,230.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx113,799 M
Long Term Debt xxxxxxxxxxxxxxx175,467 M
Total Debt xxxxxxxxxxxxxxx289,266 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,891 M
Price To Book Value xxxxxxxxxxxxxxx1.48

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx1,192.0 M
Capex % of Sales xxxxxxxxxxxxxxx2.31 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3,179 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx205,374 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.5

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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UBS

03/05/2024

5

Sell

$30.00

-12.79%

National Australia Bank reported 1H24 results met expectations, reflecting higher net interest margin (NIM) income, although UBS points to ongoing cost inflation and competition as headwinds for the bank and the sector.

Mortgage lending slowed resulting in weaker volume growth from both the retail and institutional divisions.

An improvement in asset quality, combined with better NIM and revenue prospects results in UBS lifting the FY24 EPS by 3% and 5% for FY25.

Trading at circa 15.3x forward earnings which is a premium to the 10-year historical average, a Sell rating is unchanged on a slightly upgraded target price of $30 from $28.

FORECAST
UBS forecasts a full year FY24 dividend of 171.00 cents and EPS of 221.00 cents.
UBS forecasts a full year FY25 dividend of 175.00 cents and EPS of 227.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

NAB STOCK CHART

FNArena News on NAB

1
FNArena Corporate Results Monitor – 03-05-2024

May 03 2024 - Australia
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Apr 26 2024 - Weekly Reports

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