Financials National Australia Bank Limited

Equities

NAB

AU000000NAB4

Banks

Market Closed - Australian S.E. 02:10:21 2024-05-23 am EDT 5-day change 1st Jan Change
34.4 AUD -1.12% Intraday chart for National Australia Bank Limited -0.46% +12.05%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 85,393 58,300 91,164 90,650 90,729 106,440 - -
Enterprise Value (EV) 1 85,393 58,300 91,164 90,650 90,729 106,440 106,440 106,440
P/E ratio 18.1 x 22 x 14.8 x 14 x 12.7 x 15.8 x 15.4 x 14.6 x
Yield 5.59% 3.38% 4.56% 5.24% 5.74% 4.84% 4.9% 4.94%
Capitalization / Revenue 4.96 x 3.39 x 5.42 x 4.95 x 4.39 x 5.22 x 5.08 x 4.92 x
EV / Revenue 4.96 x 3.39 x 5.42 x 4.95 x 4.39 x 5.22 x 5.08 x 4.92 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 1.73 x 1.69 x 1.63 x
Nbr of stocks (in thousands) 2,875,173 3,284,509 3,275,762 3,146,471 3,121,044 3,094,178 - -
Reference price 2 29.70 17.75 27.83 28.81 29.07 34.79 34.79 34.79
Announcement Date 11/6/19 11/4/20 11/8/21 11/8/22 11/9/23 - - -
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 20,373 20,967 21,651
EBITDA - - - - - - - -
EBIT 1 8,208 8,183 8,989 10,022 11,266 10,872 11,252 11,731
Operating Margin 47.66% 47.6% 53.49% 54.78% 54.56% 53.37% 53.67% 54.18%
Earnings before Tax (EBT) 1 7,177 5,163 9,068 9,744 10,450 10,128 10,258 10,653
Net income 1 4,798 2,559 6,364 6,891 7,414 7,021 7,004 7,365
Net margin 27.86% 14.89% 37.87% 37.66% 35.91% 34.46% 33.4% 34.02%
EPS 2 1.644 0.8050 1.882 2.056 2.287 2.200 2.254 2.389
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 1.685 1.704 1.719
Announcement Date 11/6/19 11/4/20 11/8/21 11/8/22 11/9/23 - - -
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 3,552 3,258 3,339 - 3,339
Net margin 15.32% 14.1% 38.01% 37.72% 39.68% 40.22% 35.28% 37.54% 34.2% 34.46% 34.65% 31.56% 31.92% - 30.77%
EPS - - - 0.9550 - 1.048 1.008 - - - 1.083 1.061 1.093 - 108.0
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 4/26/20 11/4/20 5/5/21 11/8/21 2/9/22 5/4/22 11/8/22 5/3/23 11/9/23 5/1/24 - - - - -
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% 11.6% 11.3% 11.5%
ROA (Net income/ Total Assets) 0.58% 0.43% 0.73% 0.72% 0.73% 0.67% 0.63% 0.65%
Assets 1 826,814 590,993 869,755 960,820 1,013,811 1,043,555 1,115,983 1,125,913
Book Value Per Share 2 19.30 18.00 17.70 18.30 19.70 20.10 20.60 21.30
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 11/6/19 11/4/20 11/8/21 11/8/22 11/9/23 - - -
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
15
Last Close Price
34.79 AUD
Average target price
31.8 AUD
Spread / Average Target
-8.60%
Consensus
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