1-Star Price
INVESTOR
5-Star Price
INVESTOR
Economic Moat
INVESTOR
Capital Allocation
INVESTOR
Our fair value estimate for wide-moat Westpac is lowered 3% to AUD 28 per share on a 10% cut to our fiscal 2024 profit forecasts and an increase to medium-term operating costs, lifting the cost/income ratio in fiscal 2026 to 46% from 45% previously. Regulatory and compliance spending, and wages inflation are becoming increasingly difficult to offset with productivity savings.
Westpac is Australia's oldest bank and financial services group, with a significant franchise in Australia and New Zealand in the consumer, small business, corporate, and institutional sectors, in addition to its major presence in wealth management. Westpac is among a handful of banks around the globe currently retaining very high credit ratings. The bank benefits from a large national branch network and significant market share, particularly in home loans and retail deposits.
Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of WBC’s competitive advantage.
Westpac Banking Corp
XASX: WBC
| ANZ Group Holdings Ltd
XASX: ANZ
| Commonwealth Bank of Australia
XASX: CBA
| National Australia Bank Ltd
XASX: NAB
| |
Price
| 20.54 | 22.77 | 96.91 | 25.79 |
Currency
| AUD | AUD | AUD | AUD |
Change
| −$0.06 (0.29%) | +$0.04 (0.18%) | +$0.11 (0.11%) | −$0.25 (0.96%) |
Market Cap
| 72.08 Bil | 68.29 Bil | 163.49 Bil | 80.73 Bil |
Industry
| Banks - Diversified | Banks - Diversified | Banks - Diversified | Banks - Diversified |
Sector
|
Financial Services
|
Financial Services
|
Financial Services
|
Financial Services
|
* Trading data in this section is delayed by at least 15 minutes.
Yes. WBC has a forward dividend yield of 6.82%.
See
WBC’s full dividends and stock split history
on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends.
The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.
Learn more about dividend yield.
WBC’s market cap is 72.08 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares.
It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the
largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.
Learn more about market capitalization.
WBC’s stock style is Large Value.
Style is an investment factor that has a meaningful impact on investment risk and returns.
Style is calculated by combining value and growth scores, which are first individually calculated.
High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.
Learn more about style.
WBC’s price/sales is 3.69.
Price/sales represents the amount an investor is willing to pay for a dollar generated from
a particular company’s sales or revenues.
WBC’s price/forward earnings is 11.78.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates.
The lower the Forward P/E, the cheaper the stock.
WBC’s price/book is 0.99.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets,
based on historical, rather than current, valuations. Historical valuations generally do not reflect
a company’s current market value. Value investors frequently look for companies that have low price/book ratios.
See WBC’s valuation ratios compared to the Market Index.
WBC’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.
Compare WBC’s historical performance against its industry peers and the overall market.
