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

FNArena Sector : Banks
Year End: September
GICS Industry Group : Banks
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

$31.26

05 Dec
2022

-0.120

OPEN

$31.38

-0.38%

HIGH

$31.45

5,644,405

LOW

$31.21

TARGET
$32.119 2.7% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABA . ANZ . BEN . BOQ . CBA . SUN . WBC . GMA . MOC . AFG . MYS . RMC . VUK .
FNARENA'S MARKET CONSENSUS FORECASTS
NAB: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 214.1 250.8 xxx
DPS (cps) xxx 151.0 173.7 xxx
EPS Growth xxx 10.9% 17.1% xxx
DPS Growth xxx 18.9% 15.0% xxx
PE Ratio xxx N/A 12.5 xxx
Dividend Yield xxx N/A 5.6% xxx
Div Pay Ratio(%) xxx 70.5% 69.3% xxx

Dividend yield today if purchased 3 years ago: 5.94%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.81

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: 15/11 - ex-div 78c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 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

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.1

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

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$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

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xx.xx%

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Ord Minnett

10/11/2022

2

Accumulate

$33.80

8.13%

While National Australia Bank's second half cash earnings were in line with consensus, they were a -3% miss to Ord Minnett's top-of-market expectations. 

Notably, while competitors Westpac Bank's ((WBC)) and ANZ Bank's ((ANZ)) net interest margin results both exceeded expectations, National Australia Bank failed to deliver upside. However, Ord Minnett highlights this could suggest less decline in outer years. 

The Accumulate rating is retained and the target price increases to $33.80 from $33.70.

This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.

FORECAST
Ord Minnett forecasts a full year FY23 dividend of 178.00 cents and EPS of 251.00 cents.
Ord Minnett forecasts a full year FY24 dividend of 182.00 cents and EPS of 245.00 cents.

Morgans

xx/xx/xxxx

3

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$xx.xx

xx.xx%

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xx/xx/xxxx

3

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xx/xx/xxxx

3

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$xx.xx

xx.xx%

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Access Stockbroker Research History >

NAB STOCK CHART

FNArena News on NAB

1
ESG Focus: Takeaways From COP27

Dec 05 2022 - ESG Focus
2
In Brief: House Prices, Banks, Equities 

Dec 02 2022 - Weekly Reports
3
Rudi’s View: Preparing For Bear Phase II

Nov 24 2022 - Rudi's View
4
Australian Banks: Tailwinds Now, Headwinds Next

Nov 23 2022 - Feature Stories
5
Australian Broker Call *Extra* Edition – Nov 17, 2022

Nov 17 2022 - Daily Market Reports

Latest Banks News

1
Australian Banks: Tailwinds Now, Headwinds Next

Nov 23 2022 - Feature Stories
2
Australian Banks: In A Fix

Oct 19 2022 - Australia
3
Banks Need To Unlock Innovation Faster

Oct 11 2022 - FYI
4
Weaker Oz House Prices To Reverberate In 2023

Oct 05 2022 - Australia
5
PayTo: Blockchain Changing The World Of Finance

Oct 03 2022 - FYI
6
In Brief: Banks, Chinese Economy, US Business

Sep 09 2022 - Weekly Reports
7
Australian House Price Falls Accelerating

Aug 03 2022 - Australia
8
Lukewarm Reception For ANZ-Suncorp Bank Deal

Jul 19 2022 - Australia
9
Sentiment Wanes For Banking Sector

Jul 05 2022 - Australia
10
Oz Banks: Downside Risk Scenarios

Jul 01 2022 - Australia