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

$25.93

30 Jul
2021

0.160

OPEN

$25.90

0.62%

HIGH

$26.10

5,412,137

LOW

$25.78

TARGET
$27.375 5.6% 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 FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 82.1 193.7 xxx
DPS (cps) xxx 60.0 122.5 xxx
EPS Growth xxx - 51.3% 100.0% xxx
DPS Growth xxx - 63.9% 100.0% xxx
PE Ratio xxx N/A 13.4 xxx
Dividend Yield xxx N/A 4.7% xxx
Div Pay Ratio(%) xxx 73.0% 63.2% xxx

Dividend yield today if purchased 3 years ago: 2.14%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

2.31

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: 13/05 - 60c (100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201520162017201820192020
EPS Basic xxxxxxxxxxxxxxx82.1
DPS All xxxxxxxxxxxxxxx60.0
Sales/Revenue xxxxxxxxxxxxxxx26,686.0 M
Book Value Per Share xxxxxxxxxxxxxxx1,806.9
Net Operating Cash Flow xxxxxxxxxxxxxxx33,892.0 M
Net Profit Margin xxxxxxxxxxxxxxx13.09 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

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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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Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Citi

12/07/2021

3

Neutral

$26.25

1.23%

Citi lowers major bank bad debt forecasts to 60bps from 70bps over 2020-23, resulting in circa 2-3% forecast EPS upgrades. Despite lockdowns, it's important to remember that Australia’s economic recovery is far stronger than anyone predicted, notes the broker. 

The analyst highlights insolvency statistics are suggesting that impaired asset formation will be much below pre-covid, given a recovery is evident in even the hardest hit industries. 

Any upside surprise on bad debts strengthens the capital management argument, pulling forward buybacks, explains Citi. The Neutral rating and $26.25 target are retained for National Australia Bank.

FORECAST
Citi forecasts a full year FY21 dividend of 120.00 cents and EPS of 192.20 cents.
Citi forecasts a full year FY22 dividend of 130.00 cents and EPS of 197.30 cents.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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NAB STOCK CHART