Financials National Australia Bank Limited Australian S.E.

Equities

NABPI

AU0000226961

Banks

Market Closed - Australian S.E. 07:10:12 28/06/2024 BST 5-day change 1st Jan Change
104.5 AUD +0.24% Intraday chart for National Australia Bank Limited +1.06% +2.08%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 85,393 58,300 91,164 90,650 90,729 111,855 - -
Enterprise Value (EV) 1 85,393 58,300 91,164 90,650 90,729 111,855 111,855 111,855
P/E ratio 18.1 x 22 x 14.8 x 14 x 12.7 x 16.7 x 16.2 x 15.2 x
Yield 5.59% 3.38% 4.56% 5.24% 5.74% 4.64% 4.69% 4.74%
Capitalization / Revenue 4.96 x 3.39 x 5.42 x 4.95 x 4.39 x 5.49 x 5.34 x 5.17 x
EV / Revenue 4.96 x 3.39 x 5.42 x 4.95 x 4.39 x 5.49 x 5.34 x 5.17 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.54 x 0.99 x 1.57 x 1.57 x 1.48 x 1.8 x 1.76 x 1.7 x
Nbr of stocks (in thousands) 2,875,173 3,284,509 3,275,762 3,146,471 3,121,044 3,087,356 - -
Reference price 2 29.70 17.75 27.83 28.81 29.07 36.23 36.23 36.23
Announcement Date 06/11/19 04/11/20 08/11/21 08/11/22 09/11/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 17,221 17,190 16,806 18,296 20,648 20,357 20,953 21,636
EBITDA - - - - - - - -
EBIT 1 8,208 8,183 8,989 10,022 11,266 10,872 11,251 11,730
Operating Margin 47.66% 47.6% 53.49% 54.78% 54.56% 53.4% 53.7% 54.21%
Earnings before Tax (EBT) 1 7,177 5,163 9,068 9,744 10,450 10,128 10,255 10,650
Net income 1 4,798 2,559 6,364 6,891 7,414 6,991 6,970 7,345
Net margin 27.86% 14.89% 37.87% 37.66% 35.91% 34.34% 33.26% 33.95%
EPS 2 1.644 0.8050 1.882 2.056 2.287 2.175 2.237 2.377
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.660 0.6000 1.270 1.510 1.670 1.682 1.700 1.717
Announcement Date 06/11/19 04/11/20 08/11/21 08/11/22 09/11/23 - - -
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 8,573 8,835 8,439 8,367 4,536 8,828 9,468 10,568 10,080 10,138 10,250 10,324 10,460 10,678 10,850
EBITDA - - - - - - - - - - - - - - -
EBIT 3,223 4,575 4,576 4,413 - 4,865 5,157 6,108 5,158 5,461 5,498 5,497 5,547 - -
Operating Margin 37.59% 51.78% 54.22% 52.74% - 55.11% 54.47% 57.8% 51.17% 53.87% 53.64% 53.24% 53.03% - -
Earnings before Tax (EBT) 1 - - - - 2,500 5,001 4,743 - - 4,975 5,052 - - - -
Net income 1 1,313 1,246 3,208 3,156 1,800 3,551 3,340 3,967 3,447 3,494 3,654 - - - -
Net margin 15.32% 14.1% 38.01% 37.72% 39.68% 40.22% 35.28% 37.54% 34.2% 34.46% 35.65% - - - -
EPS - - - 0.9550 - 1.048 1.008 - - - - - - - -
Dividend per Share 0.3000 0.3000 0.6000 0.6700 - 0.6700 0.7800 0.8300 0.8400 - 0.8433 0.8400 0.8400 - -
Announcement Date 26/04/20 04/11/20 05/05/21 08/11/21 09/02/22 04/05/22 08/11/22 03/05/23 09/11/23 01/05/24 - - - - -
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) 9.9% 6.5% 10.6% 11.7% 12.9% 11.5% 11.2% 11.5%
ROA (Net income/ Total Assets) 0.58% 0.43% 0.73% 0.72% 0.73% 0.72% 0.69% 0.71%
Assets 1 826,814 590,993 869,755 960,820 1,013,811 964,863 1,014,052 1,032,519
Book Value Per Share 2 19.30 18.00 17.70 18.30 19.70 20.10 20.50 21.30
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 06/11/19 04/11/20 08/11/21 08/11/22 09/11/23 - - -
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
15
Last Close Price
36.23 AUD
Average target price
31.86 AUD
Spread / Average Target
-12.05%
Consensus
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  5. Financials National Australia Bank Limited