WESTPAC BANKING CORPORATION (WBC)
Share Price Analysis and Chart

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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

$27.11

02 Jul
2024

-0.100

OPEN

$27.19

-0.37%

HIGH

$27.20

3,643,127

LOW

$27.04

TARGET
$25.40 -6.3% 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 . VUK .
FNARENA'S MARKET CONSENSUS FORECASTS
WBC: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 205.3 190.6 xxx
DPS (cps) xxx 142.0 158.8 xxx
EPS Growth xxx 28.4% - 7.2% xxx
DPS Growth xxx 13.6% 11.8% xxx
PE Ratio xxx N/A 14.2 xxx
Dividend Yield xxx N/A 5.9% xxx
Div Pay Ratio(%) xxx 69.2% 83.3% xxx

Dividend yield today if purchased 3 years ago: 5.54%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.25

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 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx205.3
DPS All xxxxxxxxxxxxxxx142.0
Sales/Revenue xxxxxxxxxxxxxxx47,435.0 M
Book Value Per Share xxxxxxxxxxxxxxx2,068.8
Net Operating Cash Flow xxxxxxxxxxxxxxx-3,694.0 M
Net Profit Margin xxxxxxxxxxxxxxx15.16 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx10.06 %
Return on Invested Capital xxxxxxxxxxxxxxx3.16 %
Return on Assets xxxxxxxxxxxxxxx0.70 %
Return on Equity xxxxxxxxxxxxxxx10.06 %
Return on Total Capital xxxxxxxxxxxxxxx3.61 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-8,436.0 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 xxxxxxxxxxxxxxx57,114 M
Long Term Debt xxxxxxxxxxxxxxx162,231 M
Total Debt xxxxxxxxxxxxxxx219,345 M
Goodwill - Gross xxxxxxxxxxxxxxx7,419 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx102,522 M
Price To Book Value xxxxxxxxxxxxxxx1.02

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx1,379.0 M
Capex % of Sales xxxxxxxxxxxxxxx2.91 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx4,028 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx127,176 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

-0.7

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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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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Macquarie

17/05/2024

5

Underperform

$26.00

-4.09%

Macquarie assesses the 1H24 results for Australian banks with a modest -1% to -4% decline in pre-provision profits.

Disappointing consumer trends were offset by business segments and better outlook in institutional banking.

Credit quality slightly deteriorated, but impairment charges are still at cyclically low levels, suggesting an optimistic consensus view on de-risking, according to the analyst.

Banks share prices rose 30-40% since mid-2023, but ongoing pressure from cost growth and potential increases in impairment charges could challenge future profitability and dividend sustainability, the broker states.

No change in forecasts. The Underperform rating and target price of $26.00 are retained.

FORECAST
Macquarie forecasts a full year FY24 dividend of 165.00 cents and EPS of 189.00 cents.
Macquarie forecasts a full year FY25 dividend of 150.00 cents and EPS of 178.00 cents.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

WBC STOCK CHART

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