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

$104.71

05 Dec
2023

-0.410

OPEN

$104.99

-0.39%

HIGH

$104.99

1,404,041

LOW

$104.41

TARGET
$90.197 -13.9% 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 603.9 572.2 xxx
DPS (cps) xxx 450.0 458.0 xxx
EPS Growth xxx - 3.5% - 5.3% xxx
DPS Growth xxx 16.9% 1.8% xxx
PE Ratio xxx N/A 18.6 xxx
Dividend Yield xxx N/A 4.3% xxx
Div Pay Ratio(%) xxx 74.5% 80.0% xxx

Dividend yield today if purchased 3 years ago: 5.57%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.23

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: 16/08 - ex-div 240c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 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

-0.5

No. Of Recommendations

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

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

15/11/2023

5

Underweight

$86.00

(29/11/2023)

-17.87%

CommBank's 1Q pre-provision profit (ex notable items) was broadly in line with Morgan Stanley's forecast and there were no surprises for the broker on loan losses, credit quality or capital.

The analysts believe the net interest margin (NIM) fell by -5bps (compared to the 2H of FY23) to 2%, due to deposit pricing and mix, but lower home loan balances helped mortgage margins to stabilise.

The broker suggests there will be partial reassurance for investors from management's commentary that mortgage margins have indeed "stabilised" and the bank will be focused on "increasing our share of Australian home loan revenue".

Underweight. Target $85. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 455.00 cents and EPS of 540.00 cents.
Morgan Stanley forecasts a full year FY25 dividend of 460.00 cents and EPS of 571.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

CBA STOCK CHART

FNArena News on CBA

1
November In Review: Equities Up As Bond Yields Slide

Dec 06 2023 - Australia
2
Australian Banks Post FY23 Results: Same, Same

Nov 30 2023 - Feature Stories
3
Rudi’s View: All-Weather Portfolio In 2023

Nov 29 2023 - Rudi's View
4
Australian Broker Call *Extra* Edition – Nov 22, 2023

Nov 22 2023 - Daily Market Reports
5
Rudi’s View: Quality In Stocks; What Is It Good For?

Nov 22 2023 - Rudi's View

Latest Banks News

1
Australian Banks Post FY23 Results: Same, Same

Nov 30 2023 - Feature Stories
2
Costs Continue To Drag On Westpac

Nov 07 2023 - Australia
3
In Brief: House Prices; Mortgage Stress, Banks

Nov 03 2023 - Weekly Reports
4
Australian Banks: Choppy And Messy

Sep 28 2023 - Technicals
5
Post August Reflections

Sep 05 2023 - Australia
6
Banks: Topping Out?

Jul 25 2023 - Technicals
7
Australian Banks: Future Not Bright

May 17 2023 - Feature Stories
8
Judo Capital Offers Differentation

May 11 2023 - Small Caps
9
Bank Of Queensland Disappoints

Apr 17 2023 - Australia
10
Australian Banks: Clouds On The Horizon

Apr 14 2023 - Feature Stories