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

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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

$116.46

18 Mar
2024

0.920

OPEN

$115.40

0.80%

HIGH

$116.56

1,471,598

LOW

$115.27

TARGET
$92.713 -20.4% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABA . AFG . ANZ . BEN . BOQ . HLI . MYS . NAB . RMC . SUN . VUK . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
CBA: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 581.6 xxx
DPS (cps) xxx N/A 457.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 19.8 xxx
Dividend Yield xxx N/A 4.0% xxx
Div Pay Ratio(%) xxx N/A 78.6% xxx

Dividend yield today if purchased 3 years ago: 5.31%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

3.90

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: 21/02 - ex-div 215c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx603.9
DPS All xxxxxxxxxxxxxxx450.0
Sales/Revenue xxxxxxxxxxxxxxx49,096.0 M
Book Value Per Share xxxxxxxxxxxxxxx4,299.7
Net Operating Cash Flow xxxxxxxxxxxxxxx8,347.0 M
Net Profit Margin xxxxxxxxxxxxxxx20.75 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx14.07 %
Return on Invested Capital xxxxxxxxxxxxxxx4.63 %
Return on Assets xxxxxxxxxxxxxxx0.83 %
Return on Equity xxxxxxxxxxxxxxx14.07 %
Return on Total Capital xxxxxxxxxxxxxxx4.82 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx547.0 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 xxxxxxxxxxxxxxx109,521 M
Long Term Debt xxxxxxxxxxxxxxx158,034 M
Total Debt xxxxxxxxxxxxxxx267,555 M
Goodwill - Gross xxxxxxxxxxxxxxx5,295 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx107,172 M
Price To Book Value xxxxxxxxxxxxxxx2.33

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx1,568.0 M
Capex % of Sales xxxxxxxxxxxxxxx3.19 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx4,081 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx187,123 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

-0.8

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

5

xxxxxxxxx xx xxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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UBS

15/02/2024

5

Downgrade to Sell from Neutral

$105.00

-9.84%

Following the release of first half results by CommBank, UBS has lowered cash earnings per share estimates by -0.7% -2.1% and -0.7% through to FY26. The broker's estimated net interest margins also decrease by -4, -4 and -3 basis points for the same period. 

Given ongoing cost inflation and IT spend, UBS's operating expenditure expectations increase. 

Given CommBank's share price has rallied 13% in the last three months, the broker sees the stock's valuation as stretched, underpinning a rating downgrade. The broker believes better value and upside can be found elsewhere.

The rating is downgraded to Sell from Neutral while the target price of $105.00 is retained.

FORECAST
UBS forecasts a full year FY24 EPS of 580.00 cents.
UBS forecasts a full year FY25 EPS of 608.00 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

CBA STOCK CHART