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

$142.93

30 Oct
2024

-1.240

OPEN

$144.00

-0.86%

HIGH

$144.00

1,202,646

LOW

$141.80

TARGET
$101.135 -29.2% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABA . 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 567.4 595.5 xxx
DPS (cps) xxx 465.0 475.0 xxx
EPS Growth xxx - 6.1% 5.0% xxx
DPS Growth xxx 3.3% 2.2% xxx
PE Ratio xxx N/A 23.9 xxx
Dividend Yield xxx N/A 3.3% xxx
Div Pay Ratio(%) xxx 82.0% 79.8% xxx

Dividend yield today if purchased 3 years ago: 4.44%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.27

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 © 2024 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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Morgans

xx/xx/xxxx

5

xxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

18/10/2024

5

Underperform

$95.00

-33.53%

Macquarie updates earnings forecasts for estimated system credit growth of around 5.7% in 2024, compared to 4.7% in 2023, with a slowdown to circa 4.6% in 2025 and 4.4% in 2026.

The outlook for credit growth in the near term is boosted by "solid" lending and the expected easing cycle from the RBA.

Underperform and $95 target retained, Macquarie tweaks EPS forecasts for CommBank.

FORECAST
Macquarie forecasts a full year FY25 dividend of 470.00 cents and EPS of 578.00 cents.
Macquarie forecasts a full year FY26 dividend of 472.00 cents and EPS of 567.00 cents.

Ord Minnett

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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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

Goldman Sachs

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Jarden

16/09/2024

4

Underweight

$107.00

-25.14%

Jarden's new order of preference among the major Australian banks is National Australia Bank (Overweight), Westpac and ANZ Bank with Neutral ratings, followed by the Underweight-rated CommBank.

Overall, the broker expects resilient near-term bank earnings and continues to see upside risks to FY25 consensus forecasts, driven by slightly better margins and currently overstated loan loss expectations.

The analysts raise FY25 and FY26 EPS forecasts by around 1-2% across the majors, while 12-month target prices rise modestly.

The target for CommBank rises to $107 from $106.

FORECAST
Jarden forecasts a full year FY25 dividend of 472.00 cents and EPS of 595.00 cents.
Jarden forecasts a full year FY26 dividend of 480.00 cents and EPS of 611.00 cents.
Access Extra Coverage Research History >

CBA STOCK CHART

FNArena News on CBA

1
Next Week At A Glance – 28 Oct -1 Nov 2024

Oct 25 2024 - Weekly Reports
2
Rudi’s View: Earnings, Best Ideas & Favourite Stock Picks

Oct 24 2024 - Rudi's View
3
Australian Broker Call *Extra* Edition – Oct 16, 2024

Oct 16 2024 - Daily Market Reports
4
Rudi’s View: China Scepsis, Energy Preferences & The US Election

Oct 10 2024 - Rudi's View
5
Australian Banks: When The End Of The Trend?

Oct 07 2024 - Feature Stories

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Apr 29 2024 - ESG Focus