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

$24.44

18 May
2022

-0.020

OPEN

$24.49

-0.08%

HIGH

$24.55

7,250,880

LOW

$24.36

TARGET
$25.486 4.3% 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 FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 149.4 156.2 xxx
DPS (cps) xxx 118.0 121.1 xxx
EPS Growth xxx 100.0% 4.6% xxx
DPS Growth xxx 100.0% 2.7% xxx
PE Ratio xxx N/A 15.0 xxx
Dividend Yield xxx N/A 5.2% xxx
Div Pay Ratio(%) xxx 79.0% 77.5% xxx

Dividend yield today if purchased 3 years ago: 4.64%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

5.03

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: 05/11 - ex-div 60c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx149.4
DPS All xxxxxxxxxxxxxxx118.0
Sales/Revenue xxxxxxxxxxxxxxx26,830.0 M
Book Value Per Share xxxxxxxxxxxxxxx1,965.9
Net Operating Cash Flow xxxxxxxxxxxxxxx12,455.0 M
Net Profit Margin xxxxxxxxxxxxxxx20.34 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Capital Employed xxxxxxxxxxxxxxx7.79 %
Return on Invested Capital xxxxxxxxxxxxxxx2.46 %
Return on Assets xxxxxxxxxxxxxxx0.59 %
Return on Equity xxxxxxxxxxxxxxx7.79 %
Return on Total Capital xxxxxxxxxxxxxxx3.53 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx9,375.0 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

0.4

No. Of Recommendations

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

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Ord Minnett

10/05/2022

3

Hold

$23.90

-2.21%

Westpac reported profit 2% above Ord Minnett’s forecast, with pre-provision profit also 2% ahead of estimate. The dividend of 61cps was  broadly in line with the broker's 60cps expectation.

A positive market response reflected relief in a stable net interest margin, the broker suggests, despite below-peer revenues. Management admitted its $8bn cost target is based on a 2.5% inflation assumption.

Ord Minnett does not believe the risk-reward equation is attractive enough to move off a Hold recommendation on Westpac, although
its target price increases to $23.90 from $23.30.

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 FY22 dividend of 123.00 cents and EPS of 164.00 cents.
Ord Minnett forecasts a full year FY23 dividend of 134.00 cents and EPS of 180.00 cents.

Macquarie

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3

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xx.xx%

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Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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WBC STOCK CHART