NATIONAL AUSTRALIA BANK LIMITED (NAB)
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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

$38.46

30 Oct
2024

-0.450

OPEN

$38.88

-1.16%

HIGH

$38.89

2,369,605

LOW

$38.30

TARGET
$32.747 -14.9% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABA . AFG . ANZ . BEN . BOQ . CBA . HLI . MYS . RMC . SUN . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
NAB: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 236.4 227.4 xxx
DPS (cps) xxx 167.0 167.7 xxx
EPS Growth xxx 10.4% - 3.8% xxx
DPS Growth xxx 10.6% 0.4% xxx
PE Ratio xxx N/A 17.0 xxx
Dividend Yield xxx N/A 4.3% xxx
Div Pay Ratio(%) xxx 70.6% 73.7% xxx

Dividend yield today if purchased 3 years ago: 5.82%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.32

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 © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx236.4
DPS All xxxxxxxxxxxxxxx167.0
Sales/Revenue xxxxxxxxxxxxxxx51,699.0 M
Book Value Per Share xxxxxxxxxxxxxxx1,959.5
Net Operating Cash Flow xxxxxxxxxxxxxxx-26,699.0 M
Net Profit Margin xxxxxxxxxxxxxxx14.44 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx12.42 %
Return on Invested Capital xxxxxxxxxxxxxxx3.26 %
Return on Assets xxxxxxxxxxxxxxx0.71 %
Return on Equity xxxxxxxxxxxxxxx12.42 %
Return on Total Capital xxxxxxxxxxxxxxx3.02 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-32,230.0 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx113,799 M
Long Term Debt xxxxxxxxxxxxxxx175,467 M
Total Debt xxxxxxxxxxxxxxx289,266 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,891 M
Price To Book Value xxxxxxxxxxxxxxx1.48

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx1,192.0 M
Capex % of Sales xxxxxxxxxxxxxxx2.31 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3,179 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx205,374 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

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

UBS

xx/xx/xxxx

5

xxxx

$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

xxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

21/10/2024

1

Overweight

$38.00

-1.20%

National Australia Bank is the preferred bank exposure for Morgan Stanley under an economic "soft-landing" scenario with expectations of a robust improvement in economic activity in 2H25 in Australia.

The analyst will focus on mortgage growth expectations compared to the industry as well as the anticipated "pipeline" for loan growth for SMEs in the upcoming 2H24 results.

With only $0.6bn in buyback left and a strong CET1 of around 12%, another $1bn buyback is forecast by Morgan Stanley to be announced.

Target price $38 unchanged with Overweight rating. Industry View In-Line. 

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 169.00 cents and EPS of 231.00 cents.
Morgan Stanley forecasts a full year FY25 dividend of 176.00 cents and EPS of 242.00 cents.

Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$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

2

Overweight

$37.00

-3.80%

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.

For National Australia Bank, the target rises to $37 from $36.

FORECAST
Jarden forecasts a full year FY24 dividend of 169.00 cents and EPS of 224.00 cents.
Jarden forecasts a full year FY25 dividend of 169.00 cents and EPS of 233.00 cents.
Access Extra Coverage Research History >

NAB STOCK CHART

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