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

$23.72

05 Dec
2022

-0.040

OPEN

$23.82

-0.17%

HIGH

$23.88

4,452,223

LOW

$23.71

TARGET
$25.867 9.1% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
WBC: 1
Title FY21
Actual
FY22
Actual
FY23
Forecast
FY24
Forecast
EPS (cps) xxx 159.9 211.0 xxx
DPS (cps) xxx 125.0 144.2 xxx
EPS Growth xxx 7.1% 32.0% xxx
DPS Growth xxx 5.9% 15.3% xxx
PE Ratio xxx N/A 11.2 xxx
Dividend Yield xxx N/A 6.1% xxx
Div Pay Ratio(%) xxx 78.2% 68.3% xxx

Dividend yield today if purchased 3 years ago: 5.15%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

5.26

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: 17/11 - ex-div 64c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx159.9
DPS All xxxxxxxxxxxxxxx125.0
Sales/Revenue xxxxxxxxxxxxxxx25,941.0 M
Book Value Per Share xxxxxxxxxxxxxxx2,015.2
Net Operating Cash Flow xxxxxxxxxxxxxxx21,995.0 M
Net Profit Margin xxxxxxxxxxxxxxx21.94 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx7.99 %
Return on Invested Capital xxxxxxxxxxxxxxx2.63 %
Return on Assets xxxxxxxxxxxxxxx0.58 %
Return on Equity xxxxxxxxxxxxxxx7.99 %
Return on Total Capital xxxxxxxxxxxxxxx3.05 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx17,492.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

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EXPERT VIEWS
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Sentiment Indicator

0.7

No. Of Recommendations

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

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Ord Minnett

08/11/2022

-1

No Rating

-

Second-half FY22 cash earnings from Westpac Bank were directly in line with Ord Minnett’s estimates, but 3% above expectations at the pre-provision operating profit level due to stronger than forecast net interest income.

The bank’s capital position was also better than the broker's forecast.

Ord Minnett is currently restricted from making a recommendation.

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 145.00 cents and EPS of 201.00 cents.
Ord Minnett forecasts a full year FY24 dividend of 152.00 cents and EPS of 206.00 cents.

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WBC STOCK CHART