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

$112.73

18 Apr
2024

0.790

OPEN

$111.73

0.71%

HIGH

$113.16

1,583,905

LOW

$111.73

TARGET
$93.148 -17.4% 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 19.2 xxx
Dividend Yield xxx N/A 4.1% xxx
Div Pay Ratio(%) xxx N/A 78.6% xxx

Dividend yield today if purchased 3 years ago: 5.13%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.02

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

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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Morgans

xx/xx/xxxx

5

xxxxxx

$xx.xx

xx.xx%

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Macquarie

14/03/2024

5

Underperform

$95.00

-15.73%

Macquarie downgrades the ratings for all banks under research coverage to Underperform given they are trading at peak multiples without a clear fundamental reason. The analyst sees limited scope for banks to surprise in the medium-term.

The broker suggests the recent rally for bank shares into expensive territory is more reflective of weight of money and various issues impacting alternative investment opportunities.

In the event of the expected interest rate cuts in Australia, Macquarie sees downside to earnings as it will be difficult for banks to offset
margin headwinds associated with those lower rates. It will be difficult to reprice mortgages, particularly in an election year.

The broker's order of preference is National Australia Bank, Westpac, ANZ Bank and CommBank. Targets across the major banks rise by 4-8% mostly due to an increase in the applied market multiple.

The Underperform rating is kept for CommBank and the target rises to $95 from $88.

FORECAST
Macquarie forecasts a full year FY24 dividend of 460.00 cents and EPS of 581.00 cents.
Macquarie forecasts a full year FY25 dividend of 460.00 cents and EPS of 542.00 cents.

Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxxxxxxx xx xxxx xxxx xxxxxxx

$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 >

CBA STOCK CHART

FNArena News on CBA

1
Rudi’s View: Shaky Sentiment Ahead Of Corporate Updates

Apr 17 2024 - Rudi's View
2
Rudi’s View: (In Search Of) The Holy Grail

Apr 04 2024 - Rudi's View
3
ESG Focus: Decarbonisation, Renewables & Cyber Crime

Apr 03 2024 - ESG Focus
4
Rudi’s View: Investor Worries, Gold, Westpac, and Conviction Buys

Apr 03 2024 - Rudi's View
5
Are Australian Banks Overpriced?

Mar 14 2024 - Australia

Latest Banks News

1
Bank of Queensland: Beautiful One Day

Apr 18 2024 - Australia
2
Rudi’s View: Investor Worries, Gold, Westpac, and Conviction Buys

Apr 03 2024 - Rudi's View
3
Are Australian Banks Overpriced?

Mar 14 2024 - Australia
4
Treasure Chest: Banks & Exuberance

Jan 17 2024 - Treasure Chest
5
Commonwealth Bank: Consolidation Before Upside

Dec 19 2023 - Technicals
6
Australian Banks Post FY23 Results: Same, Same

Nov 30 2023 - Feature Stories
7
Costs Continue To Drag On Westpac

Nov 07 2023 - Australia
8
In Brief: House Prices; Mortgage Stress, Banks

Nov 03 2023 - Weekly Reports
9
Australian Banks: Choppy And Messy

Sep 28 2023 - Technicals
10
Post August Reflections

Sep 05 2023 - Australia