Financials National Australia Bank Limited

Equities

NAB

AU000000NAB4

Banks

Market Closed - Australian S.E. 07:10:43 26/04/2024 BST 5-day change 1st Jan Change
33.51 AUD -1.44% Intraday chart for National Australia Bank Limited +1.36% +9.15%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 85,393 58,300 91,164 90,650 90,729 103,622 - -
Enterprise Value (EV) 1 85,393 58,300 91,164 90,650 90,729 103,622 103,622 103,622
P/E ratio 18.1 x 22 x 14.8 x 14 x 12.7 x 15.5 x 15 x 14 x
Yield 5.59% 3.38% 4.56% 5.24% 5.74% 5.01% 5.05% 5.12%
Capitalization / Revenue 4.96 x 3.39 x 5.42 x 4.95 x 4.39 x 5.07 x 4.94 x 4.78 x
EV / Revenue 4.96 x 3.39 x 5.42 x 4.95 x 4.39 x 5.07 x 4.94 x 4.78 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 1.68 x 1.63 x 1.58 x
Nbr of stocks (in thousands) 2,875,173 3,284,509 3,275,762 3,146,471 3,121,044 3,092,272 - -
Reference price 2 29.70 17.75 27.83 28.81 29.07 33.51 33.51 33.51
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 20,442 20,984 21,671
EBITDA - - - - - - - -
EBIT 1 8,208 8,183 8,989 10,022 11,266 11,044 11,341 11,773
Operating Margin 47.66% 47.6% 53.49% 54.78% 54.56% 54.03% 54.05% 54.33%
Earnings before Tax (EBT) 1 7,177 5,163 9,068 9,744 10,450 10,173 10,286 10,744
Net income 1 4,798 2,559 6,364 6,891 7,414 6,977 7,018 7,460
Net margin 27.86% 14.89% 37.87% 37.66% 35.91% 34.13% 33.44% 34.42%
EPS 2 1.644 0.8050 1.882 2.056 2.287 2.163 2.234 2.387
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 1.678 1.691 1.715
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 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2 2026 S1
Net sales 1 8,347 8,573 8,835 8,439 4,274 4,274 8,367 4,536 8,828 9,468 10,568 10,080 10,221 10,245 10,236 10,511 10,654
EBITDA - - - - - - - - - - - - - - - - -
EBIT 3,509 3,223 4,575 4,576 - - 4,413 - 4,865 5,157 6,108 5,158 5,537 5,505 5,416 5,670 -
Operating Margin 42.04% 37.59% 51.78% 54.22% - - 52.74% - 55.11% 54.47% 57.8% 51.17% 54.17% 53.73% 52.91% 53.94% -
Earnings before Tax (EBT) 1 - - - - - - - 2,500 5,001 4,743 - - 5,163 4,983 - - -
Net income 1 2,104 1,313 1,246 3,208 - - 3,156 1,800 3,551 3,340 3,967 3,447 3,531 3,472 3,068 - -
Net margin 25.21% 15.32% 14.1% 38.01% - - 37.72% 39.68% 40.22% 35.28% 37.54% 34.2% 34.55% 33.89% 29.97% - -
EPS - - - - - - 0.9550 - 1.048 1.008 - - - - - - -
Dividend per Share 0.8300 0.3000 0.3000 0.6000 - - 0.6700 - 0.6700 0.7800 0.8300 0.8400 0.8480 0.8433 0.8500 - -
Announcement Date 06/11/19 26/04/20 04/11/20 05/05/21 08/11/22 08/11/21 08/11/21 09/02/22 04/05/22 08/11/22 03/05/23 09/11/23 - - - - -
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% 11.6%
ROA (Net income/ Total Assets) 0.58% 0.43% 0.73% 0.72% 0.73% 0.66% 0.62% 0.65%
Assets 1 826,814 590,993 869,755 960,820 1,013,811 1,058,082 1,138,218 1,150,655
Book Value Per Share 2 19.30 18.00 17.70 18.30 19.70 20.00 20.50 21.20
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
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
14
Last Close Price
33.51 AUD
Average target price
30.99 AUD
Spread / Average Target
-7.53%
Consensus
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