WESTPAC BANKING CORPORATION (WBC)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

WBC - WESTPAC BANKING CORPORATION

FNArena Sector : Banks
Year End: September
GICS Industry Group : Banks
Debt/EBITDA: N/A
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Westpac is an Australian bank and financial services provider. It is Australia's oldest bank, being established in Sydney as the Bank of NSW in 1817. It is the second largest bank by market cap. It listed on the ASX in July 1970.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$32.05

19 Dec
2024

-0.800

OPEN

$32.33

-2.44%

HIGH

$32.50

8,223,126

LOW

$31.98

TARGET
$29.087 -9.2% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABA . AFG . ANZ . BEN . BOQ . CBA . HLI . MYS . NAB . RMC . SUN .
FNARENA'S MARKET CONSENSUS FORECASTS
WBC: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 200.9 199.7 xxx
DPS (cps) xxx 166.0 152.8 xxx
EPS Growth xxx - 2.2% - 0.6% xxx
DPS Growth xxx 16.9% - 8.0% xxx
PE Ratio xxx N/A 15.9 xxx
Dividend Yield xxx N/A 4.8% xxx
Div Pay Ratio(%) xxx 82.6% 76.5% xxx

Dividend yield today if purchased 3 years ago: 7.89%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.24

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: 09/05 - ex-div 90c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx200.9
DPS All xxxxxxxxxxxxxxx166.0
Sales/Revenue xxxxxxxxxxxxxxx57,514.0 M
Book Value Per Share xxxxxxxxxxxxxxx2,085.3
Net Operating Cash Flow xxxxxxxxxxxxxxx-933.0 M
Net Profit Margin xxxxxxxxxxxxxxx12.14 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx9.69 %
Return on Invested Capital xxxxxxxxxxxxxxx2.90 %
Return on Assets xxxxxxxxxxxxxxx0.66 %
Return on Equity xxxxxxxxxxxxxxx9.69 %
Return on Total Capital xxxxxxxxxxxxxxx3.43 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-6,820.0 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 xxxxxxxxxxxxxxx55,005 M
Long Term Debt xxxxxxxxxxxxxxx174,645 M
Total Debt xxxxxxxxxxxxxxx229,650 M
Goodwill - Gross xxxxxxxxxxxxxxx7,433 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx65,667 M
Price To Book Value xxxxxxxxxxxxxxx1.52

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1,017.0 M
Capex % of Sales xxxxxxxxxxxxxxx1.77 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx4,564 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx177,222 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

-0.3

No. Of Recommendations

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

UBS

xx/xx/xxxx

1

xxx

$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

xxxxxxxxx xx xxxxxx xxxx 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

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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

Macquarie

05/11/2024

5

Underperform

$26.50

-17.32%

Macquarie views Westpac's 2H24 result as "credible" due to tailwinds from the replicating portfolio, the analyst states.

Looking ahead, the broker anticipates revenue growth will remain challenging with headwinds from potential rate cuts affecting margins.

Expenses are forecast to stay high, with around $2bn allocated for investment spending. The analyst expects FY25 costs to rise by approximately $400m, with expenses advancing 6% to around $11.6bn. New management is expected to stay focused on the ongoing transformation of the bank.

Macquarie lifts the EPS forecast by 2% in FY25, while FY26 remains unchanged.

The target price rises to $26.50 from $26. The Underperform rating is unchanged.

FORECAST
Macquarie forecasts a full year FY25 dividend of 152.00 cents and EPS of 187.00 cents.
Macquarie forecasts a full year FY26 dividend of 152.00 cents and EPS of 179.00 cents.

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

Ord Minnett

xx/xx/xxxx

3

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

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

3

xxxxxxx

$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 Westpac.

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

WBC STOCK CHART

FNArena News on WBC

1
Rudi’s View: Banks, WiseTech, Redox & Integral Diagnostics

Dec 19 2024 - Rudi's View
2
Rudi’s View: Best Buys & Smaller Cap Favourites

Dec 12 2024 - Rudi's View
3
Weekly Ratings, Targets, Forecast Changes – 06-12-24

Dec 09 2024 - Weekly Reports
4
Rudi’s View: In Santa We Trust (?)

Dec 05 2024 - Rudi's View
5
Rudi’s View: Trump Beneficiaries & TechOne

Nov 28 2024 - Rudi's View

Latest Banks News

1
ANZ Bank Shares Look Poised

Oct 29 2024 - Technicals
2
Australian Banks: When The End Of The Trend?

Oct 07 2024 - Feature Stories
3
CBA Shares Find Technical Support

Oct 01 2024 - Technicals
4
June In Review: FY24 Another Double Digit Return

Jul 03 2024 - Australia
5
In Brief: Gas, Gold, Groceries & Aussie Banks

Jun 07 2024 - Weekly Reports
6
Better Value In Smaller Banks?

Jun 03 2024 - Small Caps
7
Australian Banks Post First Half Results: Sugar Hit

May 23 2024 - Feature Stories
8
Rudi’s View: ANZ, AUB, Beach Energy, CSL, Flight Centre & Newmont

May 16 2024 - Rudi's View
9
April In Review: The Bond Market Roared

May 06 2024 - Australia
10
ESG Focus: Governance, Supply Chains, Risks

Apr 29 2024 - ESG Focus