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Commonwealth Bank (CBA)

ASX.CBA $93.00

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ASX.CBA $93.00

20 MINUTE DELAYED

TODAY

-0.58 %

1 YEAR RETURN

-6.34%

VOLUME

2,391,929

DIV YIELD

4.01%

PE RATIO

18.74

52 WEEK RANGE

86.98

110.19

ANALYSIS
OPINION
ACTION

ANALYSIS

Overview

SHARE PRICE ACTIVITY
Last (Price)	93.00
Change	-0.54 (-0.58)
Bid / Ask	93.00 - 93.30
Volume	2,391,929
Volume (3mths avg)	51,885,140
Turnover	222,227,308
Open	93.30
Day Range	92.23 - 93.50
VWAP	92.90
Prev Close	93.54
Last Trade	06.10 29/06 (AEST)

KEY INFORMATION
Sector	Financial
Shares Issued	1,697,876,464
NTA/Share	43.79
Last Dividend	1.75
Dividend Ex Date	16 FEB 2022
Dividend Pay Date	30 MAR 2022

CURRENT (AUD)
Revenue	24,156.00
EBITDA	16,192
Profit	8,913.00
Earnings Per Share (EPS)	4.99
Dividend Per Share (DPS)	3.50
Yield %	4.01
Market Cap	159,615.90
Price to Earnings Ratio (P/E)	18.74

TARGET PRICE FORECAST

ESTIMATES (AUD)
Revenue	24,353.17
EBITDA	0.00
Profit	9,357.69
Dividend Per Share (DPS)	3.81
Earnings Per Share (EPS)	5.28

BROKER CONSENSUS RECOMMENDATION

BUY

SELL

Target Price

0.00

Lt Growth Rate

0.00

Recommendation (HOLD)

3.50

OPINION

28/06/2022 09:26

Commonwealth Bank (CBA) $93.74

The Australian banks have been hit hard since some influential analysts reined in their forecasts for the “Big 4”, even after the recovery over the last few days the majors remain down more than 10% for June. MM is mildly underweight the sector which feels ok at present but using CBA as a yardstick we currently would be an accumulator around $85 and a seller in the $95 region.

17/06/2022 09:46

Commonwealth Bank (CBA) $90.47

As we mentioned earlier Westpac (WBC) has been crunched ~20% over the last fortnight but today we’ve focused on CBA, the quality end of town. CBA has dipped over 16% from its April high which arguably could be called a new all-time high if we took into account the Februarys dividend. We are slightly underweight the banks at present which feels right but if we were to increase our exposure it would be through CBA...

15/06/2022 09:29

Active Income Portfolio

The portfolio was down -4.14% for the week with cash at 1%. The banks weighed with Bank of QLD (BOQ) down -11.26%, Commonwealth Bank (CBA) off -10.55% while G8 Education (GEM) also fell -9.57%. It was slim pickings on the other side of the ledger with only APA Group (APA) +2.68%, Woodside (WDS) +0.30% and the Crown Hybrid (CWNHB) +0.20% printing positive returns. Hybrids fell during the week as the market...

15/06/2022 09:26

Flagship Growth Portfolio

The MM Flagship Growth Portfolio slipped -4.4% last week versus a market that fell -5.8%, while our cash position remains at 1%. The positive relative performance last week was aided by ResMed (RMD) +2.7%, Xero (XRO) +2.1% and Aristocrat (ALL) +2.1% while on the other side of the ledger we saw Bank of Queensland (BOQ) -11.3%, Commonwealth Bank (CBA) -10.6% and Qantas (QAN) -9.2% all weigh.

10/06/2022 09:13

Will UBS’s best ideas pan out like their call on the banks this week?

Swiss based investment bank UBS is one of the most revered finance houses so when it says jump many investor’s reply is how high, this week they undoubtedly triggered the usual seasonal pullback by the Australian Banking Sector e.g. CBA down -9.7% in just 4-days:

01/06/2022 09:50

Active Income Portfolio

The portfolio slipped -0.26% for the week while cash sits at 1%. We saw a rotation out of more defensive stocks into ‘growthier’ names with APA Group (APA) down -1.81% while the banks fell, CBA lost -0.69% while Bank of QLD (BOQ) dropped -0.79%. On the flipside, strength in Magellan (MFG) +6.67% was a positive as was Service Stream (SSM) +5.03% & Insignia (IFL) +3.43% while some slight weakness in the Hybrid space was also...

18/05/2022 09:34

Active Income Portfolio

The portfolio added +0.32% for the week while cash remains at ~2%. Commonwealth Bank (CBA) was a strong performer adding +3.36% as they highlighted their leadership in digital banking with a bunch of innovative developments (CBA is so far ahead of the others on this), while APA (Group (APA) +3.25% & Stockland (SGP) +1.56% were also strong. Magellan (MFG) fell -8.25% to be the biggest drag.

18/05/2022 09:31

Flagship Growth Portfolio

The MM Flagship Growth Portfolio slipped -0.49% last week while our cash position has now risen slightly to 4%. Our performance was aided by TPG Telecom (TPG) +4% and Commonwealth Bank (CBA) +3.4% while CSR Ltd (CSR) -9.7% and Altium (ALU) -7.7% dragged on the portfolio i.e. our defensives remained the backbone through this uncertain period.

18/05/2022 09:27

Commonwealth Bank (CBA) $105.12

Influential CBA remains extremely strong, currently less than 5% below its all-time high while having paid out a healthy $2 fully franked dividend in February. The stock again caught my eye yesterday rallying +1.7% on a fairly lacklustre day for both the market and sector. This remains a great example of the market’s current appetite for solid companies with reliable earnings:

13/05/2022 09:26

Income Portfolios

Stocks with reliable earnings and yield usually outperform growth stocks into the eye of a recession, this is exactly what we have witnessed over the last 6-months, a few important points to consider:

ACTION

CBA

UPDATED 28/06/2022 12:32

MM likes CBA into fresh lows for 2022

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CBA

UPDATED 18/06/2022 18:10

MM is not planning to increase our CBA exposure

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CBA

UPDATED 10/06/2022 17:43

MM likes CBA ~$90 or 5% lower

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CBA

UPDATED 18/05/2022 19:01

MM is still targeting fresh all-time highs for CBA

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CBA

UPDATED 13/05/2022 09:37

MM believes CBA will outperform through 2022/23

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CBA

UPDATED 12/05/2022 18:59

MM is bullish & long CBA

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CBA

UPDATED 07/05/2022 08:22

MM remains long and bullish CBA targeting fresh highs

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CBA

UPDATED 22/04/2022 16:40

MM remains bullish both CBA and ANZ

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CBA

UPDATED 29/03/2022 17:31

MM remains short-term bullish CBA

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CBA

UPDATED 18/03/2022 09:11

MM is bullish CBA short-term

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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.