WESTPAC BANKING CORPORATION (WBC)
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WBC - WESTPAC BANKING CORPORATION

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

Westpac is an Australian bank and financial services provider. It is Australia's oldest bank, being established in Sydney as the Bank of NSW in 1817. It is the second largest bank by market cap. It listed on the ASX in July 1970.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$24.52

30 Jul
2021

0.000

OPEN

$24.56

0.000

HIGH

$24.66

4,512,416

LOW

$24.51

TARGET
$28.283 15.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABA . ANZ . BEN . BOQ . CBA . NAB . SUN . GMA . MOC . AFG . MYS . RMC . VUK .
FNARENA'S MARKET CONSENSUS FORECASTS
WBC: 1
Title FY19
Actual		 FY20
Actual		 FY21
Forecast		 FY22
Forecast
EPS (cps) xxx 63.7 172.2 xxx
DPS (cps) xxx 31.0 115.6 xxx
EPS Growth xxx - 67.6% 100.0% xxx
DPS Growth xxx - 82.2% 100.0% xxx
PE Ratio xxx N/A 14.2 xxx
Dividend Yield xxx N/A 4.7% xxx
Div Pay Ratio(%) xxx 48.6% 67.1% xxx

Dividend yield today if purchased 3 years ago: 1.06%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.26

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 - 58c (100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201520162017201820192020
EPS Basic xxxxxxxxxxxxxxx63.7
DPS All xxxxxxxxxxxxxxx31.0
Sales/Revenue xxxxxxxxxxxxxxx30,470.0 M
Book Value Per Share xxxxxxxxxxxxxxx1,885.8
Net Operating Cash Flow xxxxxxxxxxxxxxx20,225.0 M
Net Profit Margin xxxxxxxxxxxxxxx7.51 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

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

EXPERT VIEWS
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Sentiment Indicator

0.7

No. Of Recommendations

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

Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

12/07/2021

1

Buy

$29.50

20.31%

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 Buy rating and $29.50 target are retained for Westpac Bank.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

WBC STOCK CHART

FNArena News on WBC

1
Australian Broker Call *Extra* Edition – Jul 29, 2021

Jul 29 2021 - Daily Market Reports
2
Rudi’s View: August Results; Anticipation & Trepidation

Jul 29 2021 - Rudi's View
3
Can Banks Re-Rate Any Time Soon?

Jul 27 2021 - Australia
4
Republish: The Overnight Report: Inflated Fears

Jul 15 2021 - Daily Market Reports
5
Rudi’s View: Is Risk-Off The Message?

Jul 15 2021 - Rudi's View

Latest Banks News

1
Can Banks Re-Rate Any Time Soon?

Jul 27 2021 - Australia
2
ESG Focus: Green Finance Offers Reprieve For Banks

Jul 22 2021 - ESG Focus
3
Has The Outlook Improved For Banks?

Jul 07 2021 - Australia
4
All The Way With CBA?

Jun 09 2021 - Technicals
5
Banks: Has The Narrative Changed?

May 19 2021 - Feature Stories
6
Can Westpac Really Meet Its Cost Target?

May 04 2021 - Australia
7
Banks’ Best Turnaround Prospect: Bank Of Queensland

Apr 21 2021 - Australia
8
Bank Outperformance Ends, But Fear Not

Apr 13 2021 - Australia
9
Westpac, The Dud Among Australian Banks?

Mar 31 2021 - Australia
10
Australian Banks: Strong Tailwinds

Mar 19 2021 - Feature Stories