Westpac Banking Corporation (WBC) - Research

$28.140 0.1 (0.36%)

WBC General Information +

ASX Code WBC
Website http://www.westpac.com.au
GICS Sub-Industry Diversified Banks
Market Cap ($M) 96,822
Current Price $28.140
Day High $28.230
Day Low $27.960
Last Close $28.040
Price Movement $0.10 ( 0.36% )
Prices as at 16:40, 27 Jun 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

Recommendation


Westpac Banking Corporation (WBC)
BUY
below
HOLD
up to
SELL
above
Current Price
$28.140 as at 16:40, 27 Jun 2019

Price at review
$28.140 on 24 Jun 19

Max Portfolio Weighting

Business Risk

Share Price Risk

WBC Related Research

WBC Company Overview

Business Description

Westpac Banking Corporation (WBC) is Australia's oldest banking and financial services group, with branches and operations throughout Australia, New Zealand and the near Pacific region as well as offices in key financial centres around the world including London, New York, Hong Kong and Singapore. The Group is organised in the following 5 Key Divisions: Consumer Bank, Commercial and Business Bank, BT Financial Group, Westpac Institutional Bank and Westpac New Zealand. Its serves nearly 13 million customers.

WBC Financial Summary

Year to Sep NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2020 F 7,851.91 224.73 6.00% 12.48 188.00 6.70% 100.0%
2019 F 7,320.50 211.94 -10.30% 13.23 188.00 6.70% 100.0%
2018 A 8,065.00 236.23 -1.40% 12.73 188.00 6.25% 100.0%

WBC Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2018 A 2019 F 2020 F 2018 A 2019 F 2020 F 2018 A 2019 F 2020 F
ANZ Bank (ANZ) $80,604M 0.3455 -0.1012 0.0085 10.8253 12.0444 11.9427 5.62% 5.67% 5.93%
Commonwealth Bank (CBA) $145,832M 0.0218 -0.1583 0.0725 14.4885 17.2127 16.0497 5.23% 5.23% 5.24%
CYBG Plc (CYB) $3,133M 0.4434 -0.4148 0.1433 5.4441 9.3036 8.1376 0.00% 3.08% 4.81%
National Aust. Bank (NAB) $75,486M -0.0292 -0.1042 0.0889 11.5578 12.9025 11.8496 7.37% 6.18% 6.25%
Westpac (WBC) $98,695M -0.0045 -0.1114 0.1038 12.1760 13.7029 12.4139 6.65% 6.65% 6.65%

WBC Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.69 13.20 1.49 0.00
Market 0.87 17.10 1.49 1.63
Sector 0.75 12.50 1.28 1.68

WBC Directors

Name Position Start Date
Mr Brian Hartzer Chief Executive Officer, Managing Director 2 Feb 2015
Mr Craig W Dunn Non-Executive Director 1 Jun 2015
Ms Catriona Alison Deans Non-Executive Director 1 Apr 2014
Mr Peter Ralph Marriott Non-Executive Director 1 Jun 2013
Ms Margaret (Margie) Leone Seale Non-Executive Director 1 Mar 2019
Mr Ewen Graham Wolseley Crouch Non-Executive Director 1 Feb 2013
Ms Nerida Frances Caesar Non-Executive Director 1 Sep 2017
Mr Peter Stanley Nash Non-Executive Director 7 Mar 2018
Ms Yuen Mei (Anita) Fung Non-Executive Director 1 Oct 2018
Mr Steven (Steve) John Harker Non-Executive Director 1 Mar 2019
Mr Lindsay Philip Maxsted Non-Executive Director, Non-Executive Chairman 1 Mar 2008

WBC Management

Name Position
Peter King Acting Chief Financial Officer
Brad Cooper Chief Executive Officer, BT Financial Group
David McLean Chief Executive Officer, Westpac New Zealand Limited
David Lindberg Chief Executive, Business Bank
George Frazis Chief Executive, Consumer Bank
Lyn Cobley Chief Executive, Westpac Institutional Bank
Dave Curran Chief Information Officer
Rebecca Lim Company Secretary
Timothy (Tim) Hartin Company Secretary
David Lees Deputy Chief Financial Officer
Rebecca Lim Group Executive, Compliance, Legal & Secretariat
Carolyn McCann Group Executive, Customer & Corporate Relations
Christine Parker Group Executive, Human Resources
Gary Thursby Group Executive, Strategy & Enterprise Services

WBC Substantial Shareholders

Holding Name
171,757,716 (5%) The Vanguard Group,Inc

WBC Calendar of Events

Date Event
06 May 2020 Report (Interim)
04 May 2020 Report (Interim)
21 November 2019 Report (Annual)
07 November 2019 Report (Annual)
06 November 2019 Report (Annual)
04 November 2019 Report (Prelim)

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