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

$25.89

21 Feb
2024

-0.010

OPEN

$25.93

-0.04%

HIGH

$26.08

9,472,726

LOW

$25.79

TARGET
$23.415 -9.6% 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 205.3 188.7 xxx
DPS (cps) xxx 142.0 144.4 xxx
EPS Growth xxx 28.4% - 8.1% xxx
DPS Growth xxx 13.6% 1.7% xxx
PE Ratio xxx N/A 13.6 xxx
Dividend Yield xxx N/A 5.6% xxx
Div Pay Ratio(%) xxx 69.2% 76.5% xxx

Dividend yield today if purchased 3 years ago: 5.99%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

5.52

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: 09/11 - ex-div 72c (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

-0.1

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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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

20/02/2024

3

Hold

$23.54

-9.08%

Morgans highlights a moderation in the decline of Westpac's core net interest margin (NIM), after reviewing 1Q results. This outcome results in a material upgrade to the broker's earnings forecast and a 9% higher target price of $23.54.

As the profit ex-notable items metric was flat compared to the 2H FY23 average, an around 7% beat against the consensus forecast is implied, according to the analyst.

Most of the profit outperformance stemmed from growth in net interest income and better-than-expected costs, explains the broker.

The Hold rating is maintained.

FORECAST
Morgans forecasts a full year FY24 dividend of 146.00 cents and EPS of 206.00 cents.
Morgans forecasts a full year FY25 dividend of 149.00 cents and EPS of 211.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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WBC STOCK CHART