Financials Westpac Banking Corporation Berne S.E.

Equities

WBC

AU000000WBC1

Banks

Delayed Berne S.E. 5-day change 1st Jan Change
- CHF -.--% Intraday chart for Westpac Banking Corporation -.--% -.--%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,03,239 60,722 95,271 72,158 74,103 93,846 - -
Enterprise Value (EV) 1 1,03,239 60,722 95,271 72,158 74,103 93,846 93,846 93,846
P/E ratio 15.1 x 26.4 x 18.9 x 12.9 x 10.3 x 14.6 x 14.5 x 13.8 x
Yield 5.87% 1.84% 4.54% 6.06% 6.71% 6.2% 5.68% 5.6%
Capitalization / Revenue 5 x 2.94 x 4.53 x 3.8 x 3.42 x 4.35 x 4.24 x 4.13 x
EV / Revenue 5 x 2.94 x 4.53 x 3.8 x 3.42 x 4.35 x 4.24 x 4.13 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.56 x 0.89 x 1.32 x 1.14 x 1.02 x 1.3 x 1.28 x 1.25 x
Nbr of stocks (in thousands) 34,83,095 36,05,822 36,64,269 34,96,051 35,03,681 34,60,387 - -
Reference price 2 29.64 16.84 26.00 20.64 21.15 27.12 27.12 27.12
Announcement Date 03/11/19 01/11/20 31/10/21 06/11/22 05/11/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 20,655 20,626 21,038 19,001 21,645 21,572 22,129 22,720
EBITDA - - - - - - - -
EBIT 1 10,624 7,926 7,755 8,210 10,953 10,573 10,751 11,136
Operating Margin 51.44% 38.43% 36.86% 43.21% 50.6% 49.01% 48.58% 49.02%
Earnings before Tax (EBT) 1 9,749 4,266 8,501 8,469 10,305 9,611 9,484 9,900
Net income 1 6,784 2,290 5,458 5,694 7,195 6,671 6,503 6,748
Net margin 32.84% 11.1% 25.94% 29.97% 33.24% 30.92% 29.39% 29.7%
EPS 2 1.965 0.6370 1.378 1.599 2.050 1.855 1.872 1.960
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.740 0.3100 1.180 1.250 1.420 1.681 1.539 1.519
Announcement Date 03/11/19 01/11/20 31/10/21 06/11/22 05/11/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 2020 S1 2020 S2 2021 S1 2021 S2 2022 Q1 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2 2026 S1 2026 S2
Net sales 1 10,341 10,285 10,799 10,239 5,056 9,959 9,042 11,003 10,642 10,590 10,880 10,961 11,127 11,220 11,421
EBITDA - - - - - - - - - - - - - - -
EBIT 1 4,181 3,745 4,818 2,937 2,359 4,593 3,617 6,015 4,938 5,195 5,295 5,271 5,387 - -
Operating Margin 40.43% 36.41% 44.62% 28.68% 46.66% 46.12% 40% 54.67% 46.4% 49.06% 48.67% 48.09% 48.41% - -
Earnings before Tax (EBT) 1 2,185 2,081 5,061 3,440 2,628 4,718 3,751 5,625 4,680 4,833 4,884 4,658 4,718 - -
Net income 1 1,190 1,100 3,443 2,015 1,815 3,280 2,414 4,001 3,194 3,342 - - - - -
Net margin 11.51% 10.7% 31.88% 19.68% 35.9% 32.94% 26.7% 36.36% 30.01% 31.56% - - - - -
EPS 0.3320 0.3050 0.9450 0.5320 - 0.9050 0.6900 1.142 0.9080 0.9560 0.9100 0.9100 0.9200 - -
Dividend per Share - 0.3100 0.5800 0.6000 - 0.6100 0.6400 0.7000 0.7200 - 0.9000 0.7500 0.9000 - -
Announcement Date 03/05/20 01/11/20 03/05/21 31/10/21 03/02/22 08/05/22 06/11/22 07/05/23 05/11/23 05/05/24 - - - - -
1AUD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 10.8% 3.83% 7.7% 8.1% 10.1% 9.35% 9.27% 9.5%
ROA (Net income/ Total Assets) 0.77% 0.25% 0.59% 0.58% 0.7% 0.64% 0.61% 0.61%
Assets 1 8,84,600 9,08,730 9,23,988 9,75,000 10,27,857 10,41,322 10,62,381 11,02,538
Book Value Per Share 2 19.00 18.90 19.70 18.10 20.70 20.90 21.10 21.60
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 03/11/19 01/11/20 31/10/21 06/11/22 05/11/23 - - -
1AUD in Million2AUD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
14
Last Close Price
27.12 AUD
Average target price
24.98 AUD
Spread / Average Target
-7.91%
Consensus
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