Westpac Banking Corp - ADR
WBK
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+ FollowMarket Cap$49.08B
Close$
Earnings Call Q4 2023
November 6, 2023 - AI Summary
Westpac reported strong financial results for the full year 2023, with net profit up 26% and EPS up 28%. Return on equity also increased by 2 percentage points to 10.1%.
Revenue growth was a key driver of the positive results, with a 10% increase driven by growth in loans and a slight improvement in net interest margins.
The bank has made progress in strengthening its franchise in consumer business and institutional banking, as well as completing portfolio simplification by exiting three businesses. This has released capital and provided more capacity for growth and simplification of the banking businesses.
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$34.23
141% upside
Current Fair Value
141% upsideUndervalued by 141% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $49.08 Billion |
|---|---|
| Enterprise Value | $221.62 Billion |
| Dividend Yield | $0.90 (4.19%) |
| Earnings per Share | $2.01 |
| Beta | 0.85 |
| Outstanding Shares | 3,456,378,000 |
Return
| Return on Equity | 19.71% |
|---|---|
| Return on Assets | 1.19% |
| Return on Invested Capital | 5.36% |
Valuation & Multiples
| P/E Ratio | 17.95 |
|---|---|
| PEG | 575.42 |
| Price to Sales | 0.84 |
| Price to Book Ratio | 0.71 |
| Enterprise Value to Revenue | 3.66 |
| Enterprise Value to EBIT | 10.84 |
| Enterprise Value to Net Income | 15 |
| Total Debt to Enterprise | 1.02 |
| Debt to Equity | 3.19 |
Revenue Sources
No data
Insider Trades
Institutional Sentiment (Put/Call)
No data available for the latest quarter.
Institutional Ownership
No data available for the latest quarter.
ESG Score
No data
About Westpac Banking Corp
33,305 employees
CEO: Brian Hartzer Westpac Banking Corporation, an established financial institution headquartered in Sydney, Australia, has provided a comprehensive suite of banking and financial solutions since its founding in 1817 (initially as Bank of New South Wales,...