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

$169.66

16 May
2025

-0.080

OPEN

$172.71

-0.05%

HIGH

$172.92

3,756,383

LOW

$168.78

TARGET
$109.248 -35.6% 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 FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 567.4 611.7 xxx
DPS (cps) xxx 465.0 482.0 xxx
EPS Growth xxx - 6.1% 7.8% xxx
DPS Growth xxx 3.3% 3.7% xxx
PE Ratio xxx N/A 28.0 xxx
Dividend Yield xxx N/A 2.8% xxx
Div Pay Ratio(%) xxx 82.0% 78.8% xxx

Dividend yield today if purchased 3 years ago: 4.48%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.71

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 © 2025 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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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

5

xxxxxx

$xx.xx

xx.xx%

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UBS

15/05/2025

5

Sell

$120.00

-29.27%

UBS views CommBank's 2Q25 trading update as meeting market expectations and on track to deliver FY25 consensus earnings estimates as well as meeting the broker's forecasts.

The analyst sees growth in proprietary channels in retail, or 68% of new growth, as underpinning profits in the retail segment. Growth in business lending is sustained above system lending.

CommBank reported growth in cash net profit after tax of 1.4% on the previous quarter and 6% on a year earlier. Net interest income was stable on 2Q25 and net interest margin was in line with 1H25.

UBS infers cash earnings around $10.1bn represent a return on Common Equity Tier 1 of around 17.8% annualised and forecasts the bank will generate EPS growth of 5.2% in FY25, the highest growth rate among the big banks.

No change to Sell rating, the target shifts to $120 from $115. The ascribed valuation remains considerably higher than the historical average.

FORECAST
UBS forecasts a full year FY25 dividend of 474.00 cents and EPS of 614.00 cents.
UBS forecasts a full year FY26 dividend of 483.00 cents and EPS of 641.00 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

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
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

19/05/2025

5

Sell

$110.00

-35.16%

Jarden highlights CommBank's 3Q25 update showed volume growth, good trading income and stable interest rate margin (NIM) which offset modest weakening in credit quality.

The broker pushed up FY25 EPS forecast by 0.6% and FY26 by 1.1% on better NIM and higher trading income.

A conundrum for the analyst is the bank's valuation, and it describes the share price gains as "a function of non-fundamental investor flow exceeding fundamental."

Sell. Target unchanged at $110.

FORECAST
Jarden forecasts a full year FY25 dividend of 480.00 cents and EPS of 611.00 cents.
Jarden forecasts a full year FY26 dividend of 488.00 cents and EPS of 618.40 cents.
Access Extra Coverage Research History >

CBA STOCK CHART

FNArena News on CBA

1
Australian Broker Call *Extra* Edition – May 19, 2025

11:06 AM - Daily Market Reports
2
Next Week At A Glance – 19 – 23 May 2025

May 16 2025 - Weekly Reports
3
Rudi’s View: 30 For ’30 & Best Buy Convictions

May 15 2025 - Rudi's View
4
Australian Broker Call *Extra* Edition – May 08, 2025

May 08 2025 - Daily Market Reports
5
April In Review: ASX Becomes Tariff Safe Haven

May 06 2025 - Australia

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