BANK OF QUEENSLAND LIMITED (BOQ)
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BOQ

BOQ - BANK OF QUEENSLAND LIMITED

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

Bank of Queensland is an Australian retail bank headquarted in Brisbane. It was formed in 1874 as a building society and adopted its current name in 1970, before listing on the ASX in 1972.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$7.18

26 Sep
2025

0.050

OPEN

$7.08

0.70%

HIGH

$7.20

927,969

LOW

$7.08

TARGET
$6.464 -10.0% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AFG . ANZ . BEN . CBA . HLI . MYS . NAB . RMC . SUN . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
BOQ: 1
Title FY23
Actual
FY24
Actual
FY25
Forecast
FY26
Forecast
EPS (cps) xxx 43.4 53.2 xxx
DPS (cps) xxx 34.0 36.7 xxx
EPS Growth xxx 100.0% 22.7% xxx
DPS Growth xxx - 17.1% 7.8% xxx
PE Ratio xxx N/A 13.5 xxx
Dividend Yield xxx N/A 5.1% xxx
Div Pay Ratio(%) xxx 78.4% 68.9% xxx

Dividend yield today if purchased 3 years ago: 5.13%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

4.74

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: 02/05 - ex-div 17c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx43.4
DPS All xxxxxxxxxxxxxxx34.0
Sales/Revenue xxxxxxxxxxxxxxx5,084.0 M
Book Value Per Share xxxxxxxxxxxxxxx913.6
Net Operating Cash Flow xxxxxxxxxxxxxxx471.0 M
Net Profit Margin xxxxxxxxxxxxxxx5.61 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx4.69 %
Return on Invested Capital xxxxxxxxxxxxxxx1.15 %
Return on Assets xxxxxxxxxxxxxxx0.27 %
Return on Equity xxxxxxxxxxxxxxx4.69 %
Return on Total Capital xxxxxxxxxxxxxxx2.09 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx240.0 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx1,064 M
Long Term Debt xxxxxxxxxxxxxxx18,187 M
Total Debt xxxxxxxxxxxxxxx19,251 M
Goodwill - Gross xxxxxxxxxxxxxxx567 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,574 M
Price To Book Value xxxxxxxxxxxxxxx0.69

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx181.0 M
Capex % of Sales xxxxxxxxxxxxxxx3.56 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx460 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx17,947 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

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Morgans

01/09/2025

4

Trim

$6.62

-7.80%

It was only in April that Bank of Queensland said it had a “Clear pathway to FY26 8% return on capital and 56% CTI capital targets”.

The bank has now withdrawn those targets due to the “highly unpredictable operating environment” and “accelerating industry headwinds”.

Management nevertheless remains confident in delivering continued ROE and CTI improvement. While Bank of Queensland’s dividend is attractive, Morgans retains a Trim rating given downside risk from increased uncertainty following removal of FY26 ROE/CTI targets.

Target falls to $6.62 from $7.04.

FORECAST
Morgans forecasts a full year FY25 dividend of 38.00 cents and EPS of 46.00 cents.
Morgans forecasts a full year FY26 dividend of 41.00 cents and EPS of 61.00 cents.

UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

04/09/2025

5

Downgrade to Sell from Underweight

$6.00

-16.43%

Bank of Queensland provided guidance for FY25 and withdrew the FY26 ROE target of 8% and 56% CTI , citing “highly unpredictable environment” and “accelerating headwinds." 

Jarden highlights the commentary is inconsistent with more constructive outlook from the bank's peers. Strategic initiatives were announced, including plan to sell up to $3.8bn of equipment finance book, and Capgemini partnership for outsourcing IT/AI and business processing.

The broker believes the loan portfolio sale is essentially short-term off-balance sheet financial engineering, which will boost near-term earnings but is a sign the funding base is not sustainably economic.

FY25 cash net profit guidance of $375-385m was in line with $378m consensus. The broker lifted FY25 EPS forecast by 1.4% on lower bad debt. FY26-27 EPS forecasts unchanged.

Target trimmed to $6.00 from $6.70. Rating downgraded to Sell from Underweight.

FORECAST
Jarden forecasts a full year FY25 dividend of 36.00 cents and EPS of 53.80 cents.
Jarden forecasts a full year FY26 dividend of 38.00 cents and EPS of 55.80 cents.

BOQ STOCK CHART