NATIONAL AUSTRALIA BANK LIMITED (NAB)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

NAB

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

$35.08

21 Feb
2025

-0.030

OPEN

$35.31

-0.09%

HIGH

$35.49

8,959,680

LOW

$34.80

TARGET
$33.115 -5.6% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AFG . ANZ . BEN . BOQ . CBA . HLI . MYS . RMC . SUN . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
NAB: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 224.6 224.4 xxx
DPS (cps) xxx 169.0 170.2 xxx
EPS Growth xxx - 5.0% - 0.1% xxx
DPS Growth xxx 1.2% 0.7% xxx
PE Ratio xxx N/A 15.6 xxx
Dividend Yield xxx N/A 4.9% xxx
Div Pay Ratio(%) xxx 75.2% 75.8% xxx

Dividend yield today if purchased 3 years ago: 5.61%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.82

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 © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx224.6
DPS All xxxxxxxxxxxxxxx169.0
Sales/Revenue xxxxxxxxxxxxxxx63,168.0 M
Book Value Per Share xxxxxxxxxxxxxxx2,004.8
Net Operating Cash Flow xxxxxxxxxxxxxxx-35,781.0 M
Net Profit Margin xxxxxxxxxxxxxxx11.18 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx11.52 %
Return on Invested Capital xxxxxxxxxxxxxxx2.92 %
Return on Assets xxxxxxxxxxxxxxx0.66 %
Return on Equity xxxxxxxxxxxxxxx11.52 %
Return on Total Capital xxxxxxxxxxxxxxx2.88 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-41,921.0 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 xxxxxxxxxxxxxxx96,619 M
Long Term Debt xxxxxxxxxxxxxxx185,246 M
Total Debt xxxxxxxxxxxxxxx281,865 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,499 M
Price To Book Value xxxxxxxxxxxxxxx1.86

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1,440.0 M
Capex % of Sales xxxxxxxxxxxxxxx2.28 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3,434 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx205,415 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

-0.4

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

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

UBS

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

Morgan Stanley

20/02/2025

1

Overweight

$37.40

6.61%

National Australia Bank's underlying trends were softer than expected and the margin missed Morgan Stanley's estimate. Pre-provision profit was a touch short and cash profit was -2% below.

Revenue was in line but ex Markets and Treasury was "broadly stable", missing the broker's estimate by -2%. Expenses increased slightly more than forecast but FY25 cost growth guidance is unchanged.

The increase in non-performing loans was modest and the impairment charge was roughly in line, but the loss rate is nevertheless above peers, the broker notes.

The CET1 ratio of 11.6% missed by -35bps. The lower CET1 ratio may temper investors' expectations about the size of future buybacks, Morgan Stanley warns.

Target falls to $37.40 from $38.90, Overweight retained, with NAB still number one in the broker's order of preference. Industry view: In Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 170.00 cents and EPS of 227.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 175.00 cents and EPS of 246.00 cents.

Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

xx/xx/xxxx

5

xxxxxx

$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

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

Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Goldman Sachs

16/10/2024

-1

No Rating

-

As a result of analyst Andrew Lyons leaving the employ of Goldman Sachs, the broker is suspending research coverage of National Australia Bank.

The former rating, target, and forecasts no longer apply.
Access Extra Coverage Research History >

NAB STOCK CHART

FNArena News on NAB

1
Next Week At A Glance – 24-28 Feb 2025

Feb 21 2025 - Weekly Reports
2
Rudi’s View: Best Ideas & Conviction Calls

Feb 20 2025 - Rudi's View
3
Next Week At A Glance – 10-14 Feb 2025

Feb 07 2025 - Weekly Reports
4
Rudi’s View: AGL Energy, Bega Cheese, BRG, Harvey Norman, Imdex & Superloop

Feb 06 2025 - Rudi's View
5
January In Review: Record High For The ASX200

Feb 05 2025 - Australia

Latest Banks News

1
Higher Highs Beckon For CommBank Shares

Feb 11 2025 - Technicals
2
ANZ Bank Shares Look Poised

Oct 29 2024 - Technicals
3
Australian Banks: When The End Of The Trend?

Oct 07 2024 - Feature Stories
4
CBA Shares Find Technical Support

Oct 01 2024 - Technicals
5
June In Review: FY24 Another Double Digit Return

Jul 03 2024 - Australia
6
In Brief: Gas, Gold, Groceries & Aussie Banks

Jun 07 2024 - Weekly Reports
7
Better Value In Smaller Banks?

Jun 03 2024 - Small Caps
8
Australian Banks Post First Half Results: Sugar Hit

May 23 2024 - Feature Stories
9
Rudi’s View: ANZ, AUB, Beach Energy, CSL, Flight Centre & Newmont

May 16 2024 - Rudi's View
10
April In Review: The Bond Market Roared

May 06 2024 - Australia