COMMONWEALTH BANK OF AUSTRALIA (CBA)
Share Price Analysis and Chart

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CBA

CBA - COMMONWEALTH BANK OF AUSTRALIA

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

Commonwealth Bank is Australia's largest retail bank with a market cap of over $122bn. It provides a range of financial services, including retail, business and institutional banking, plus broking facilities through CommSec. CBA was first listed in September 1991.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$169.82

02 Oct
2025

2.760

OPEN

$167.64

1.65%

HIGH

$170.95

1,990,672

LOW

$167.40

TARGET
$118.425 -30.3% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AFG . ANZ . BEN . BOQ . HLI . MYS . NAB . RMC . SUN . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
CBA: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 605.0 636.6 xxx
DPS (cps) xxx 746.3 497.4 xxx
EPS Growth xxx 6.6% 5.2% xxx
DPS Growth xxx 60.5% - 33.3% xxx
PE Ratio xxx N/A 26.6 xxx
Dividend Yield xxx N/A 2.9% xxx
Div Pay Ratio(%) xxx 123.3% 78.1% xxx

Dividend yield today if purchased 3 years ago: 8.24%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.39

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: 21/08 - ex-div 250c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx605.0
DPS All xxxxxxxxxxxxxxx746.3
Sales/Revenue xxxxxxxxxxxxxxx69,857.0 M
Book Value Per Share xxxxxxxxxxxxxxx4,711.9
Net Operating Cash Flow xxxxxxxxxxxxxxx8,676.0 M
Net Profit Margin xxxxxxxxxxxxxxx14.51 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx13.34 %
Return on Invested Capital xxxxxxxxxxxxxxx4.13 %
Return on Assets xxxxxxxxxxxxxxx0.78 %
Return on Equity xxxxxxxxxxxxxxx13.34 %
Return on Total Capital xxxxxxxxxxxxxxx4.30 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx249.0 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx103,572 M
Long Term Debt xxxxxxxxxxxxxxx179,152 M
Total Debt xxxxxxxxxxxxxxx282,724 M
Goodwill - Gross xxxxxxxxxxxxxxx5,289 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx54,381 M
Price To Book Value xxxxxxxxxxxxxxx3.92

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx1,636.0 M
Capex % of Sales xxxxxxxxxxxxxxx2.34 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx4,290 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx258,178 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

-1.0

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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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

01/09/2025

5

Underweight

$143.70

-15.38%

Morgan Stanley notes Australian mortgage growth rose at an annualised 6% pace in July, consistent with the average since the start of 2025. The broker expects robust growth to continue, supported by lower rates, stronger consumer confidence, and fiscal stimulus.

The analysts believe a stronger operating environment, low earnings risk, and healthy balance sheets will sustain trading multiples for the banks above post-covid averages.

National Australia Bank is the broker’s preferred major bank with an Overweight rating, while Westpac becomes least preferred behind CommBank, both rated Underweight.

CommBank's price target is $143.70. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 520.00 cents and EPS of 658.00 cents.
Morgan Stanley forecasts a full year FY27 dividend of 560.00 cents and EPS of 713.00 cents.

Morgans

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

18/08/2025

5

Sell

$100.00

-41.11%

CommBank's FY25 result was slightly below Jarden's expectations and of lower quality, with around 59% of revenue growth driven by trading gains and derivative valuation adjustments.

The broker highlights a stable net interest margin (NIM) at 2.08% and 3.9% growth in both loans and deposits, though asset quality softened slightly with impaired loans up to 0.97% and provisions down to 1.39%.

Capital remains strong at 12.3%, in the analysts' opinion, supporting the $2.60 per share final dividend, but buybacks are off the table due to dilution.

Jarden observes Retail and New Zealand weakness offset business and institutional gains, and sees the bank’s valuation as vulnerable to mean reversion. The broker cautions lower rates will erode CBA’s deposit funding advantage while competition intensifies.

Sell. Target cut to $100 from $110.

FORECAST
Jarden forecasts a full year FY26 dividend of 505.00 cents and EPS of 613.00 cents.
Jarden forecasts a full year FY27 dividend of 510.00 cents and EPS of 610.10 cents.
Access Extra Coverage Research History >

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