NATIONAL AUSTRALIA BANK LIMITED (NAB)
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NAB - NATIONAL AUSTRALIA BANK LIMITED

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

National Australia Bank is the third largest Australian bank by market capitalisation. First listed in 1974 it became the NAB in 1982 with the merger of National Bank of Australasia and the Commercial Banking Company of Sydney.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$29.04

27 Sep
2023

0.160

OPEN

$28.88

0.55%

HIGH

$29.17

3,839,152

LOW

$28.80

TARGET
$27.397 -5.7% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABA . AFG . ANZ . BEN . BOQ . CBA . HLI . MYS . RMC . SUN . VUK . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
NAB: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 214.1 238.0 xxx
DPS (cps) xxx 151.0 167.3 xxx
EPS Growth xxx 10.9% 11.2% xxx
DPS Growth xxx 18.9% 10.8% xxx
PE Ratio xxx N/A 12.1 xxx
Dividend Yield xxx N/A 5.8% xxx
Div Pay Ratio(%) xxx 70.5% 70.3% xxx

Dividend yield today if purchased 3 years ago: 8.29%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.23

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: 10/05 - ex-div 83c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx214.1
DPS All xxxxxxxxxxxxxxx151.0
Sales/Revenue xxxxxxxxxxxxxxx24,985.0 M
Book Value Per Share xxxxxxxxxxxxxxx1,875.5
Net Operating Cash Flow xxxxxxxxxxxxxxx28,221.0 M
Net Profit Margin xxxxxxxxxxxxxxx28.26 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx11.59 %
Return on Invested Capital xxxxxxxxxxxxxxx3.28 %
Return on Assets xxxxxxxxxxxxxxx0.71 %
Return on Equity xxxxxxxxxxxxxxx11.59 %
Return on Total Capital xxxxxxxxxxxxxxx2.86 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx23,138.0 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 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx128,274 M
Long Term Debt xxxxxxxxxxxxxxx162,363 M
Total Debt xxxxxxxxxxxxxxx290,637 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,666 M
Price To Book Value xxxxxxxxxxxxxxx1.54

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx1,077.0 M
Capex % of Sales xxxxxxxxxxxxxxx4.31 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3,026 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx199,887 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

-0.3

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

16/08/2023

3

Neutral

$27.50

-5.30%

National Australia Bank's June quarter update was broadly consistent with Macquarie's expectations, leading to minor earnings changes. The key surprise was more subdued credit growth, as mortgage and business growth were largely offset by reduced institutional balances.

Margins continued to decline from peak levels, but the rate of decline appears to have moderated. Reduced impact from mortgage
competition will provide some margin support ahead, but the broker continues to expect normalisation in term deposit spreads and deposit switching to drive margins lower.

Target rises to $27.50 from $26.50, Neutral retained.

FORECAST
Macquarie forecasts a full year FY23 dividend of 167.00 cents and EPS of 239.00 cents.
Macquarie forecasts a full year FY24 dividend of 168.00 cents and EPS of 212.00 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

NAB STOCK CHART

FNArena News on NAB

1
Australian Broker Call *Extra* Edition – Sep 27, 2023

Sep 27 2023 - Daily Market Reports
2
ESG Focus: The Little Big Things – 27-09-2023

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3
Rudi’s Comprehensive August 2023 Review

Sep 21 2023 - Feature Stories
4
Rudi’s View: Navigating The Post-August Complexities

Sep 20 2023 - Rudi's View
5
August In Review: Discretionary Up, Defensives Down

Sep 05 2023 - Australia

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9
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Feb 02 2023 - Technicals