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

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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

$131.68

22 Jul
2024

0.050

OPEN

$130.51

0.04%

HIGH

$131.68

1,116,030

LOW

$130.18

TARGET
$95.188 -27.7% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABA . AFG . ANZ . BEN . BOQ . HLI . MYS . NAB . RMC . SUN . VUK . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
CBA: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 603.9 584.0 xxx
DPS (cps) xxx 450.0 456.4 xxx
EPS Growth xxx - 3.5% - 3.3% xxx
DPS Growth xxx 16.9% 1.4% xxx
PE Ratio xxx N/A 22.7 xxx
Dividend Yield xxx N/A 3.4% xxx
Div Pay Ratio(%) xxx 74.5% 78.2% xxx

Dividend yield today if purchased 3 years ago: 4.54%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.40

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: 21/02 - ex-div 215c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx603.9
DPS All xxxxxxxxxxxxxxx450.0
Sales/Revenue xxxxxxxxxxxxxxx49,096.0 M
Book Value Per Share xxxxxxxxxxxxxxx4,299.7
Net Operating Cash Flow xxxxxxxxxxxxxxx8,347.0 M
Net Profit Margin xxxxxxxxxxxxxxx20.75 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx14.07 %
Return on Invested Capital xxxxxxxxxxxxxxx4.63 %
Return on Assets xxxxxxxxxxxxxxx0.83 %
Return on Equity xxxxxxxxxxxxxxx14.07 %
Return on Total Capital xxxxxxxxxxxxxxx4.82 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx547.0 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 xxxxxxxxxxxxxxx109,521 M
Long Term Debt xxxxxxxxxxxxxxx158,034 M
Total Debt xxxxxxxxxxxxxxx267,555 M
Goodwill - Gross xxxxxxxxxxxxxxx5,295 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx107,172 M
Price To Book Value xxxxxxxxxxxxxxx2.33

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx1,568.0 M
Capex % of Sales xxxxxxxxxxxxxxx3.19 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx4,081 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx187,123 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

Morgans

xx/xx/xxxx

5

xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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UBS

24/06/2024

5

Sell

$107.00

-18.74%

UBS attended an investor relations meeting, pre the black out period in the run up to the FY24 CommBank results on August 14.

The key takeaways for the broker were ongoing competition on net interest margins; the market is too pessimistic on the outlook for bad and doubtful debts and credit growth for small and medium enterprises is holding up better than expected.

Management stressed the aim to write business above the cost of capital and defend market share via customer quality focus.

There are no changes to the UBS earnings forecasts.

Sell rating retained with the stock trading at an all-time-high valuation, stresses the broker.

Target price unchanged at $107.

FORECAST
UBS forecasts a full year FY24 dividend of 452.00 cents and EPS of 582.00 cents.
UBS forecasts a full year FY25 dividend of 449.00 cents and EPS of 584.00 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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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

4

xxxxxxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

20/05/2024

5

Sell

$82.61

-37.26%

Goldman Sachs has kept a Sell rating for CommBank with a revised price target of $82.61, up from $81.98. The broker adjusted EPS estimates for FY24/25/26 by +1.6%/+0.1%/-1.0%, respectively, reflecting lower bad and doubtful debts (BDDs).

Cash profit from continuing operations in 3Q was approximately $2.4bn, down -3% from the 1H24 quarterly average, but 4% ahead of forecasts due to better-than-expected BDD charges.

The CET1 ratio stands at 11.9%, indicating a capital surplus of $7.7bn above APRA’s minimum requirement.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 455.00 cents and EPS of 578.00 cents.
Goldman Sachs forecasts a full year FY25 dividend of 455.00 cents and EPS of 551.00 cents.
Access Stockbroker Research History >

CBA STOCK CHART

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