NATIONAL AUSTRALIA BANK LIMITED (NAB)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

NAB

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

$35.87

07 May
2025

0.570

OPEN

$36.35

1.61%

HIGH

$36.84

8,494,421

LOW

$35.67

TARGET
$33.135

-0.18 change from previous day

 -7.6% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AFG . ANZ . BEN . BOQ . CBA . HLI . MYS . RMC . SUN . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
NAB: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 224.6 225.0 xxx
DPS (cps) xxx 169.0 170.0 xxx
EPS Growth xxx - 5.0% 0.2% xxx
DPS Growth xxx 1.2% 0.6% xxx
PE Ratio xxx N/A 16.2 xxx
Dividend Yield xxx N/A 4.7% xxx
Div Pay Ratio(%) xxx 75.2% 75.6% xxx

Dividend yield today if purchased 3 years ago: 5.33%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.65

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: 07/05 - ex-div 84c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx224.6
DPS All xxxxxxxxxxxxxxx169.0
Sales/Revenue xxxxxxxxxxxxxxx63,168.0 M
Book Value Per Share xxxxxxxxxxxxxxx2,004.8
Net Operating Cash Flow xxxxxxxxxxxxxxx-35,781.0 M
Net Profit Margin xxxxxxxxxxxxxxx11.18 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx11.52 %
Return on Invested Capital xxxxxxxxxxxxxxx2.92 %
Return on Assets xxxxxxxxxxxxxxx0.66 %
Return on Equity xxxxxxxxxxxxxxx11.52 %
Return on Total Capital xxxxxxxxxxxxxxx2.88 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-41,921.0 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 xxxxxxxxxxxxxxx96,619 M
Long Term Debt xxxxxxxxxxxxxxx185,246 M
Total Debt xxxxxxxxxxxxxxx281,865 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,499 M
Price To Book Value xxxxxxxxxxxxxxx1.86

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1,440.0 M
Capex % of Sales xxxxxxxxxxxxxxx2.28 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3,434 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx205,415 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

-0.4

No. Of Recommendations

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

Morgans

xx/xx/xxxx

5

xxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

08/05/2025

3

Neutral

$37.50

4.54%

Following a deeper analysis of National Australia Bank's 1H25 result, UBS believes it was a good result, easing concerns around management changes, lost market share in business lending and soft 1Q update.

One key headwind for the bank, commentary suggests, is the competitive backdrop for business banking, where its competitors are showing more commitment than in previous cycles amid a challenging macro backdrop.

The biggest surprise for the broker was a 9bps credit loss ratio, which compared with longer-term average of 16bps. With provisions in excess of base case scenarios, the analyst expects lower changes over the forecast period.

The broker cut cash earnings forecasts for FY25-26 by -1.1% and -0.8%, respectively, mainly on a lower net interest margin assumption.  FY27 forecast was upgraded by 1.2%. 

Neutral. Target unchanged at $37.50. 

FORECAST
UBS forecasts a full year FY25 dividend of 170.00 cents and EPS of 231.00 cents.
UBS forecasts a full year FY26 dividend of 174.00 cents and EPS of 232.00 cents.

Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

xx/xx/xxxx

3

xxxxxxxxx xx xxxxx-xxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
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

4

xxxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

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 National Australia Bank.

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

NAB STOCK CHART

FNArena News on NAB

1
Australian Banks: Global Sanctuary

May 01 2025 - Australia
2
Australian Broker Call *Extra* Edition – Apr 30, 2025

Apr 30 2025 - Daily Market Reports
3
Fintech’s Future In Australian Banking

Apr 07 2025 - Australia
4
Australian Broker Call *Extra* Edition – Apr 03, 2025

Apr 03 2025 - Daily Market Reports
5
Clouds Are Gathering For Aussie Banks

Mar 27 2025 - Australia

Latest Banks News

1
Australian Banks: Global Sanctuary

May 01 2025 - Australia
2
Bank Of Queensland’s Ambitions Questioned

Apr 23 2025 - Australia
3
Fintech’s Future In Australian Banking

Apr 07 2025 - Australia
4
Clouds Are Gathering For Aussie Banks

Mar 27 2025 - Australia
5
Australian Banks: More De-Rating Ahead?

Mar 11 2025 - Australia
6
Higher Highs Beckon For CommBank Shares

Feb 11 2025 - Technicals
7
ANZ Bank Shares Look Poised

Oct 29 2024 - Technicals
8
Australian Banks: When The End Of The Trend?

Oct 07 2024 - Feature Stories
9
CBA Shares Find Technical Support

Oct 01 2024 - Technicals
10
June In Review: FY24 Another Double Digit Return

Jul 03 2024 - Australia