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Bank of Queensland Ltd BOQ

Morningstar Rating
A$6.20 −0.11 (1.74%)
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Company Report

Australian Banks: Borrower Stress Not Denting Earnings

On a weighted average basis, major bank share prices increased 28% in the 12 months to June 30, 2024, outperforming the 8% increase in the Morningstar Australia Index. It is hard to pinpoint a single specific driver for the turnaround in bank sentiment. On the earnings front, signs of repricing loans and deposits to protect margins and low loan losses, are positives. But global funds increasing ownership and inflows into passive funds has likely also supported prices.

Price vs Fair Value

BOQ is trading at a 523% premium.
Price
A$6.31
Fair Value
A$8.60
Uncertainty
Medium
1-Star Price
A$77.46
5-Star Price
A$2.32
Economic Moat
Jnckt
Capital Allocation
Gtfsbfs

Bulls Say, Bears Say

Bulls

Management can extract greater cost savings from projects to simplify and digitize the bank.

Bears

Bank of Queensland loses market share as major banks continue to price aggressively, leveraging their size, cost advantages, market presence, and distribution capability.

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Trading Information

Previous Close Price
A$6.31
Day Range
A$6.196.29
52-Week Range
A$5.076.43
Bid/Ask
A$6.20 / A$6.21
Market Cap
A$4.07 Bil
Volume/Avg
803,307 / 2.1 Mil

Key Statistics

Price/Earnings (Normalized)
12.92
Price/Sales
3.25
Dividend Yield (Trailing)
6.02%
Dividend Yield (Forward)
6.02%
Total Yield
6.19%

Company Profile

Bank of Queensland, or BOQ, is an Australia-based bank offering home loans, personal finance, and commercial loans. BOQ operates both owner-managed and corporate branches, and is the owner of Virgin Money Australia and Me Bank. Its BOQ business includes the BOQ branded commercial lending activity, BOQ Finance and BOQ Specialist businesses. The division provides tailored business banking solutions including commercial lending, equipment finance and leasing, cash flow finance, foreign exchange, interest rate hedging, transaction banking, and deposit solutions for commercial customers.
Sector
Financial Services
Industry
Banks - Regional
Stock Style Box
Mid Value
Total Number of Employees
3,169

Competitors

Valuation

Metric
BOQ
BEN
CBA
Price/Earnings (Normalized)
12.9214.4623.57
Price/Book Value
0.690.983.05
Price/Sales
3.253.988.73
Price/Cash Flow
1.67
Price/Earnings
BOQ
BEN
CBA

Financial Strength

Metric
BOQ
BEN
CBA
Quick Ratio
Current Ratio
Interest Coverage
Quick Ratio
No chart available

Profitability

Metric
BOQ
BEN
CBA
Return on Assets (Normalized)
0.35%0.56%0.80%
Return on Equity (Normalized)
6.04%7.99%13.77%
Return on Invested Capital (Normalized)
Return on Assets
BOQ
BEN
CBA
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Banks - Regional Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
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ITUB
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Truist Financial Corp
TFC
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Mizuho Financial Group Inc ADR
MFG
HxrwljrvSsjk$56.1 Bil
Lloyds Banking Group PLC ADR
LYG
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NatWest Group PLC ADR
NWG
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Deutsche Bank AG
DB
NjtcNhlw$32.8 Bil

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