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Commonwealth Bank (CBA)

ASX.CBA $142.51

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CBA $142.51

20 MINUTE DELAYED

TODAY

-0.67 %

1 YEAR RETURN

0.00%

VOLUME

878,653

DIV YIELD

3.24%

PE RATIO

25.56

52 WEEK RANGE

96.15

144.25

ANALYSIS
OPINION
ACTION

ANALYSIS

Overview

SHARE PRICE ACTIVITY
Last (Price)	142.51
Change	-0.96 (-0.67)
Bid / Ask	142.49 - 142.52
Volume	878,653
Turnover	124,484,667
Open	140.87
Day Range	140.50 - 142.55
VWAP	141.71
Prev Close	143.47
Last Trade	09/09 2:09pm (AEST)

KEY INFORMATION
Sector	Financial
Shares Issued	1,668,843,330
NTA/Share	0.00
Last Dividend	2.50
Dividend Ex Date	21 AUG 2024
Dividend Pay Date	27 SEP 2024

CURRENT ()
Revenue	27,237.00
EBITDA	29,626
Profit	10,164.00
Earnings Per Share (EPS)	0
Dividend Per Share (DPS)	0
Yield %	3.24
Market Cap	0
Price to Earnings Ratio (P/E)	25.56

TARGET PRICE FORECAST

ESTIMATES ()
Revenue	27,807.23
EBITDA	0.00
Profit	9,771.11
Earnings Per Share (EPS)	5.84
Dividend Per Share (DPS)	4.71

BROKER CONSENSUS RECOMMENDATION

BUY

SELL

Target Price

0.00

Lt Growth Rate

0.00

Recommendation (SELL)

4.00

OPINION

03/09/2024 10:00

Commonwealth Bank (CBA) $141.77

CBA is Australia’s premium bank, and its performance has reflected this, with the stock up ~27% in 2024; plus, it paid a large $2.50 fully franked dividend in August. From a psychological perspective, it's hard to chase CBA into almost weekly fresh highs, but it would have added value every time. It's easy to comprehend why sellers are thin on the ground with CBA, and MM believes it’s a “buy the dip” stock until further notice.

15/08/2024 09:24

Commonwealth Bank (CBA) $134.21

As we discussed yesterday, CBA posted yet another excellent report on Wednesday, which cemented itself as Australia's leading bank. The $2.50 fully franked dividend being paid on the 21st is very appetising, but the risk/reward to increase our exposure above $130 isn't compelling.

14/08/2024 16:50

Commonwealth Bank (CBA) $134.21

The trend in margin is interesting, with CBA implying that the higher NIM achieved in 2H24 is still in play, and that could drive a re-rate of margin expectations for this year (currently 1.95%). Small changes in margins on big volumes has a material influence on earnings, and this is probably the biggest positive surprise from today’s result. The other aspect is CBA’s superior level of growth to peers – they’re simply taking market share in many areas.

14/08/2024 09:30

Commonwealth Bank (CBA) $132.51

FY24 results this morning for CBA and with shares up 28% over the past year, there is a lot of expectation backed in. Cash profit from continuing operations $9.84 billion, down -2.3% y/y, but ahead of $9.79 billion consensus. Final dividend per share $2.50 vs $2.41 consensus Net interest margin 1.99% vs. 2.07% y/y, estimate 1.98% An inline result from CBA, no surprises on first pass, though there are no real positive catalysts either.

09/08/2024 09:36

Commonwealth Bank (CBA) $129.11

CBA's result will be highly anticipated as a bellwether stock in both the sector and market, especially as it's up +14.8% YTD. Australia's largest bank will report next Wednesday with the potential of a whopping $10bn annual profit looming - we expect CBA to deliver ~$2.5B in cash earnings in Q4. One of the key focuses for analysts will be the NIM (net interest margin), while on the capital front, no additional buy-backs are expected.

06/08/2024 09:30

Commonwealth Bank (CBA) $124.89

We believe CBA is the best of the “Big Four” banks in Australia. While many analysts still believe the stock is expensive, after correcting almost 10% in recent sessions, its appeal has increased to MM—especially after we sold NAB on Monday.

18/07/2024 09:50

Bank of Queensland (BOQ) v Commonwealth Bank (CBA)

The relative performance across the ASX Banking Sector has been significant, even in 2024, when they at least all travelled in the same direction. For example, year-to-date, Commonwealth Bank (CBA) has rallied +19.2% while the Bank of Queensland (BOQ) has edged up just +2.9%.

12/07/2024 09:07

Commonwealth Bank (CBA) $129.92

CBA made new all-time highs again on Thursday, taking its gain year-to-date to +15.9% - not bad for a stock that no major analysts believe is a buy. Interestingly, retail shareholders were also sellers of the “Big Four” banks last quarter bar Westpac (WBC); they all recorded their lowest level of retail ownership at the EOFY.

14/06/2024 09:49

Commonwealth Bank (CBA) $125.28

What more can be said about CBA? It is arguably the world’s best and most expensive bank, but the fact that it's making fresh all-time highs illustrates that there are no sellers in town, even with zero “Buys” out of the 15 analysts who cover the stock. The problem is that too many fund managers have lightened their exposure on valuation grounds, looking to buy the dip, which by definition, are getting shallower and shallower.

31/05/2024 09:16

Perseus Mining Ltd (PRU) $2.29

PRU has really outperformed in 2024, surging almost 30% since January 1st. This $3.1bn stock looks set to break its $2.50 resistance area once the fear of rising interest rates subsides. It even pays a dividend of around 2%, but investors should be aware that its main revenue stream comes from Africa, which can, at times, increase a stock's volatility.

ACTION

CBA

UPDATED 03/09/2024 17:38

MM is bullish towards CBA in the long-term

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CBA

UPDATED 15/08/2024 09:48

MM is long and bullish CBA

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CBA

UPDATED 14/08/2024 16:49

MM remains bullish CBA, holding in the Income Portfolio

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CBA

UPDATED 14/08/2024 10:22

MM remains long CBA in the Income Portfolio

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CBA

UPDATED 09/08/2024 13:16

MM is long and bullish CBA

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CBA

UPDATED 06/08/2024 10:05

MM likes CBA around $115

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CBA

UPDATED 01/08/2024 21:11

MM is still preferring CBA over BOQ

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CBA

UPDATED 12/07/2024 16:58

MM is cautiously bullish on CBA

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CBA

UPDATED 14/06/2024 10:49

MM is long and bullish towards CBA

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PRU

UPDATED 31/05/2024 09:42

MM is bullish towards PRU through 2024/5

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Business Summary

Commonwealth Bank of Australia (CBA) is Australia's leading providers of integrated financial services, providing retail, business and institutional banking, funds management, superannuation, life insurance, general insurance, broking services and finance company activities. Their operations are conducted primarily in Australia and New Zealand. In addition, they also operate in a number of other countries, including the United Kingdom, the United States, China, Japan, Singapore, Hong Kong, Indonesia and South Africa.

WATCH

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Commonwealth Bank (CBA)

ASX.CBA $142.51

14 DAYS FREE ACCESS

CBA $142.51

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Really bullish, there's more to go in the reflation rally

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