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

$150.48

20 Jan
2026

-2.780

OPEN

$152.42

-1.81%

HIGH

$152.98

1,497,339

LOW

$150.10

TARGET
$117.302 -22.0% 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 FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 605.0 632.2 xxx
DPS (cps) xxx 485.0 495.4 xxx
EPS Growth xxx 6.6% 4.5% xxx
DPS Growth xxx 4.3% 2.1% xxx
PE Ratio xxx N/A 23.3 xxx
Dividend Yield xxx N/A 3.4% xxx
Div Pay Ratio(%) xxx 80.2% 78.4% xxx

Dividend yield today if purchased 3 years ago: 4.46%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.29

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: 20/08 - ex-div 260c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx605.0
DPS All xxxxxxxxxxxxxxx485.0
Sales/Revenue xxxxxxxxxxxxxxx69,857.0 M
Book Value Per Share xxxxxxxxxxxxxxx4,711.9
Net Operating Cash Flow xxxxxxxxxxxxxxx8,676.0 M
Net Profit Margin xxxxxxxxxxxxxxx14.51 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx13.34 %
Return on Invested Capital xxxxxxxxxxxxxxx4.13 %
Return on Assets xxxxxxxxxxxxxxx0.78 %
Return on Equity xxxxxxxxxxxxxxx13.34 %
Return on Total Capital xxxxxxxxxxxxxxx4.30 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx249.0 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx103,572 M
Long Term Debt xxxxxxxxxxxxxxx179,152 M
Total Debt xxxxxxxxxxxxxxx282,724 M
Goodwill - Gross xxxxxxxxxxxxxxx5,289 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx54,381 M
Price To Book Value xxxxxxxxxxxxxxx3.92

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx1,636.0 M
Capex % of Sales xxxxxxxxxxxxxxx2.34 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx4,290 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx258,178 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

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Macquarie

12/12/2025

5

Underperform

$106.00

-29.56%

Macquarie assesses the market pricing for a high cash rate as offering potential upside to bank margins, but risks to valuations. Post the November bank results, the market is now pricing cash rate rises of around 70bps and a circa 40bps rise in swap rates.

The analyst estimates 6-10bps of upside to net interest margin forecasts for FY27, but highlights increased competition on loans saw the banks compete away around 70% of the tailwind in the previous rate hiking cycle in FY22-FY23.

At this stage, the broker sees possible upside to the current FY27 bank earnings forecasts of 4-7% on no changes in pricing assumptions, with more benefit to CommBank and Westpac ((WBC)) and less to ANZ Bank ((ANZ)).

Underperform. Target unchanged at $106.

FORECAST
Macquarie forecasts a full year FY26 dividend of 492.00 cents and EPS of 623.80 cents.
Macquarie forecasts a full year FY27 dividend of 496.00 cents and EPS of 631.00 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

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

14/01/2026

5

Sell

$100.00

-33.55%

In the run up to the banks' 1H26 results, Jarden believes 2026 is the "year of the deposit", and the banks, in expectation of a further rate cutting cycle, have moved deposit rates too low and may have to reverse this over 2026.

Notably, Macquarie Group ((MQG)) continues to pick up deposit share. For CommBank, the major differentiation is its no or low cost deposit endowment, which underpins around 40% of net interest income.

As highlighted by the analyst, a low cost deposit is a bank's most valuable asset, and there is potential for AUD backed stablecoins to create a new form factor of money, which was highlighted at JP Morgan's 4Q25 results call as a potential threat to deposits.

Sell. Target $100.

FORECAST
Jarden forecasts a full year FY26 dividend of 505.00 cents and EPS of 613.00 cents.
Jarden forecasts a full year FY27 dividend of 510.00 cents and EPS of 610.10 cents.
Access Extra Coverage Research History >

CBA STOCK CHART

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