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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WBC STOCK CHART