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
$31.08 25 Mar 2025	-0.190 OPEN $31.50	-0.61% HIGH $31.76	3,589,164 LOW $30.98

TARGET

$29.40

-5.4% downside

Franking for last dividend paid out: 100%

OTHER COMPANIES IN THE SAME SECTOR
AFG . ANZ . BEN . BOQ . CBA . HLI . MYS . NAB . RMC . SUN .

FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY23 Actual	FY24 Actual	FY25 Forecast	FY26 Forecast
EPS (cps)	xxx	200.9	199.1	xxx
DPS (cps)	xxx	166.0	158.4	xxx
EPS Growth	xxx	- 2.2%	- 0.9%	xxx
DPS Growth	xxx	16.9%	- 4.6%	xxx
PE Ratio	xxx	N/A	15.8	xxx
Dividend Yield	xxx	N/A	5.0%	xxx
Div Pay Ratio(%)	xxx	82.6%	79.6%	xxx

Dividend yield today if purchased 3 years ago: 6.99%

DIVIDEND YIELD CALCULATOR

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 © 2025 FactSet UK Limited. All rights reserved

Title	2019	2020	2021	2022	2023	2024
EPS Basic	xxx	xxx	xxx	xxx	xxx	200.9
DPS All	xxx	xxx	xxx	xxx	xxx	166.0
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	57,514.0 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	2,085.3
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	-933.0 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	12.14 %

EPS Basic

Negative
Growth
Slowing

DPS All

Negative
Growth
Slowing

Sales/Revenue

Negative
Growth
Slowing

Book Value Per Share

Negative
Growth
Slowing

Net Operating Cash Flow

Negative
Growth
Slowing

Net Profit Margin

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Return on Capital Employed	xxx	xxx	xxx	xxx	xxx	9.69 %
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	2.90 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	0.66 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	9.69 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	3.43 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	-6,820.0 M

Return on Capital Employed

Negative
Growth
Slowing

Return on Invested Capital

Negative
Growth
Slowing

Return on Assets

Negative
Growth
Slowing

Return on Equity

Negative
Growth
Slowing

Return on Total Capital

Negative
Growth
Slowing

Free Cash Flow ex dividends

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Short-Term Debt	xxx	xxx	xxx	xxx	xxx	55,005 M
Long Term Debt	xxx	xxx	xxx	xxx	xxx	174,645 M
Total Debt	xxx	xxx	xxx	xxx	xxx	229,650 M
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	7,433 M
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	65,667 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	1.52

Short-Term Debt

Negative
Growth
Slowing

Long Term Debt

Negative
Growth
Slowing

Total Debt

Negative
Growth
Slowing

Goodwill - Gross

Negative
Growth
Slowing

Cash & Equivalents - Generic

Negative
Growth
Slowing

Price To Book Value

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Capex	xxx	xxx	xxx	xxx	xxx	1,017.0 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	1.77 %
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	-
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	4,564 M
Research & Development	xxx	xxx	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	xxx	xxx	177,222 M

Capex

Negative
Growth
Slowing

Capex % of Sales

Negative
Growth
Slowing

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Negative
Growth
Slowing

Research & Development

Investments - Total

Negative
Growth
Slowing

Negative

Growth

Slowing

EXPERT VIEWS
EXTRA COVERAGE

EXPERT VIEWS

Display All Commentary

Sentiment Indicator

-0.4

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Morgan Stanley	xx/xx/xxxx	5	xxxxxxxxxxx	$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
Morgans	xx/xx/xxxx	3	xxxxxxx xx xxxx xxxx xxxxxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Macquarie	18/02/2025	5	Underperform	$28.00	-9.91%	Westpac delivered a first quarter update that was largely in line with estimates although Macquarie notes it lacked the upgrades the market had started to expect. Costs were below expectations, which the broker attributes to timing and these are expected to increase with the ramping up in expenditure on the UNITE program and salary increases. Underperform retained. Target is steady at $28. FORECAST Macquarie forecasts a full year FY25 dividend of 152.00 cents and EPS of 197.00 cents. Macquarie forecasts a full year FY26 dividend of 152.00 cents and EPS of 187.00 cents.
Ord Minnett	xx/xx/xxxx	4	xxxxxxxxx xx xxxxxxx xxxx 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	1	xxx	$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

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	4	xxxxxxxxxxx	$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.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Jarden

xx/xx/xxxx

xxxxxxxxxxx

$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	Weekly Ratings, Targets, Forecast Changes – 21-03-25 Mar 24 2025 - Weekly Reports

2	Next Week At A Glance 24-28 Mar 2025 Mar 21 2025 - Weekly Reports

3	In Case You Missed It – BC Extra Upgrades & Downgrades – 21-03-25 Mar 21 2025 - Weekly Reports

4	Australian Broker Call Extra Edition – Mar 18, 2025 Mar 18 2025 - Daily Market Reports

5	Weekly Ratings, Targets, Forecast Changes – 14-03-25 Mar 17 2025 - Weekly Reports

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Dividend Yield Today On Last Actual Payout :	5.28
Estimated Dividend Growth (Average Of Past Three Years)	%
Amount Invested	$
Tell Me The Dividend After This Many Years

	Yield	Yield on investment
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Year 1
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WESTPAC BANKING CORPORATION (WBC)
Share Price Analysis and Chart