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

$7.44

05 May
2025

-0.050

OPEN

$7.49

-0.67%

HIGH

$7.56

2,792,587

LOW

$7.41

TARGET
$6.378 -14.3% 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 54.7 xxx
DPS (cps) xxx 34.0 37.0 xxx
EPS Growth xxx 100.0% 26.0% xxx
DPS Growth xxx - 17.1% 8.8% xxx
PE Ratio xxx N/A 13.6 xxx
Dividend Yield xxx N/A 5.0% xxx
Div Pay Ratio(%) xxx 78.4% 67.7% xxx

Dividend yield today if purchased 3 years ago: 4.42%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.54

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

-0.6

No. Of Recommendations

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

Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

17/04/2025

3

Upgrade to Equal-weight from Underweight

$6.60

-11.29%

On balance, Morgan Stanley sees Bank of Queensland as making solid progress on the bank's transformation post the 1H25 results and upgrades the stock to Equal-weight from Underweight. Target price moves to $6.60 from $6.20.

The analyst points to low loan losses as boosting earnings and expects the market will like the results. Cash profit came in above forecast by 5% and 10% above consensus due to the low loan loss charge.

Credit quality has remained "sound" and the CET1 is below Morgan Stanley's estimate but in line with consensus. A 1c increase in the dividend per share to 18c beat expectations.

Morgan Stanley lifts EPS forecasts by 7% for FY25 and around 3% for FY26.

The sector view remains In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 36.00 cents and EPS of 54.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 38.00 cents and EPS of 53.00 cents.

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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Access Stockbroker Research History >
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

26/04/2025

3

Neutral

$6.70

-9.95%

Bank of Queensland's 1H25 profit of $183m beat Jarden's forecast of $164m due mainly to a $20m write-back of commercial lending and costs timing.

Net interest margin was flat at 1.57% but the broker expects this to rise to 1.68% in 2H due to a one-off benefit from the transition of owner-managed branches to corporate-owned and recent recycling of Vigrin Money mortgages. The forecast for FY25 is 1.64%.

The broker believes the bank is on a path to improving returns but is still forecasting a 6.4% return on equity in FY26 against the target of 8%.

FY25 EPS forecast lifted by 9.3% and FY26 by 2.7%, mainly on lower bad debt charge.

Neutral. Target rises to $6.70 from $6.50.

FORECAST
Jarden forecasts a full year FY25 dividend of 36.00 cents and EPS of 53.10 cents.
Jarden forecasts a full year FY26 dividend of 38.00 cents and EPS of 55.80 cents.
Access Extra Coverage Research History >

BOQ STOCK CHART

FNArena News on BOQ

1
Rudi’s View: Mag7 Dominance & Profit Warnings

May 01 2025 - Rudi's View
2
Australian Broker Call *Extra* Edition – Apr 27, 2025

Apr 28 2025 - Daily Market Reports
3
Bank Of Queensland’s Ambitions Questioned

Apr 23 2025 - Australia
4
Weekly Ratings, Targets, Forecast Changes – 18-04-25

Apr 22 2025 - Weekly Reports
5
Next Week At A Glance – 22-24 Apr 2025

Apr 17 2025 - Weekly Reports

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