COMMONWEALTH BANK OF AUSTRALIA (CBA)
Share Price Analysis and Chart

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CBA

CBA - COMMONWEALTH BANK OF AUSTRALIA

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

Commonwealth Bank is Australia's largest retail bank with a market cap of over $122bn. It provides a range of financial services, including retail, business and institutional banking, plus broking facilities through CommSec. CBA was first listed in September 1991.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$167.18

12 May
2025

0.140

OPEN

$165.59

0.08%

HIGH

$168.81

1,086,089

LOW

$166.99

TARGET
$109.00 -34.8% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AFG . ANZ . BEN . BOQ . HLI . MYS . NAB . RMC . SUN . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
CBA: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 567.4 611.4 xxx
DPS (cps) xxx 465.0 479.8 xxx
EPS Growth xxx - 6.1% 7.8% xxx
DPS Growth xxx 3.3% 3.2% xxx
PE Ratio xxx N/A 27.2 xxx
Dividend Yield xxx N/A 2.9% xxx
Div Pay Ratio(%) xxx 82.0% 78.5% xxx

Dividend yield today if purchased 3 years ago: 4.55%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.80

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: 21/08 - ex-div 250c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx567.4
DPS All xxxxxxxxxxxxxxx465.0
Sales/Revenue xxxxxxxxxxxxxxx65,724.0 M
Book Value Per Share xxxxxxxxxxxxxxx4,371.1
Net Operating Cash Flow xxxxxxxxxxxxxxx8,914.0 M
Net Profit Margin xxxxxxxxxxxxxxx14.43 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx13.07 %
Return on Invested Capital xxxxxxxxxxxxxxx4.10 %
Return on Assets xxxxxxxxxxxxxxx0.76 %
Return on Equity xxxxxxxxxxxxxxx13.07 %
Return on Total Capital xxxxxxxxxxxxxxx4.23 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx890.0 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 xxxxxxxxxxxxxxx89,686 M
Long Term Debt xxxxxxxxxxxxxxx159,661 M
Total Debt xxxxxxxxxxxxxxx249,347 M
Goodwill - Gross xxxxxxxxxxxxxxx5,285 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx47,321 M
Price To Book Value xxxxxxxxxxxxxxx2.91

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1,322.0 M
Capex % of Sales xxxxxxxxxxxxxxx2.01 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3,938 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx230,863 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

-1.0

No. Of Recommendations

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

Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

5

xxxxxx

$xx.xx

xx.xx%

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Macquarie

13/02/2025

5

Underperform

$105.00

-37.19%

Macquarie notes CommBank generated a 1H25 result that was basically in line with expectations, although expenses were higher, offset by better revenue growth and a slight lift in margins, the analyst explains.

The broker attributes the boost in net interest margin to lower liquid assets, and if excluded, the margin rose 1bp on the previous half, lower than stated.

CommBank's impairments were well below Macquarie's estimate, with strong credit quality observed. Home loan arrears rose by 1bp to 66bp on the previous half.

The rating remains at Underperform due to a stretched valuation and a weak earnings growth outlook over the next few years. 

Macquarie makes minor changes to EPS forecasts but the dividend per share forecast lifts by 2.1% in FY25 and 2.5% in FY26. Target remains at $105. No change to Underperform rating (see share price).

FORECAST
Macquarie forecasts a full year FY25 dividend of 480.00 cents and EPS of 611.00 cents.
Macquarie forecasts a full year FY26 dividend of 484.00 cents and EPS of 609.00 cents.

UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Goldman Sachs

16/10/2024

-1

No Rating

-

As a result of analyst Andrew Lyons leaving the employ of Goldman Sachs, the broker is suspending research coverage of CommBank.

The former rating, target, and forecasts no longer apply.
Access Extra Coverage Research History >

CBA STOCK CHART

FNArena News on CBA

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