Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Westpac Banking Corporation (WBC.AX)

Company Dividend Discount ModelIndustry: Banks - DiversifiedSector: Financial Services

Valuation Snapshot

Stable Growth$618.52 - $728.72$682.92
Multi-Stage$162.07 - $177.43$169.61
Blended Fair Value$426.26
Current Price$38.97
Upside993.82%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS15.68%1.85%1.371.491.191.140.750.661.311.521.281.42
YoY Growth---7.73%25.49%3.85%52.39%13.03%-49.41%-13.73%19.22%-10.42%24.47%
Dividend Yield--3.53%4.70%5.61%5.54%2.89%3.94%4.43%5.53%4.00%4.83%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)13,898.00
(-) Cash Dividends Paid (M)10,346.17
(=) Cash Retained (M)3,551.83
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2,779.601,737.251,042.35
Cash Retained (M)3,551.833,551.833,551.83
(-) Cash Required (M)-2,779.60-1,737.25-1,042.35
(=) Excess Retained (M)772.231,814.582,509.48
(/) Shares Outstanding (M)3,792.913,792.913,792.91
(=) Excess Retained per Share0.200.480.66
LTM Dividend per Share2.732.732.73
(+) Excess Retained per Share0.200.480.66
(=) Adjusted Dividend2.933.213.39
WACC / Discount Rate5.39%5.39%5.39%
Growth Rate5.50%6.50%7.50%
Fair Value$618.52$682.92$728.72
Upside / Downside1,487.16%1,652.41%1,769.95%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)13,898.0014,801.3715,763.4616,788.0817,879.3119,041.4619,612.71
Payout Ratio74.44%77.55%80.67%83.78%86.89%90.00%92.50%
Projected Dividends (M)10,346.1711,479.1812,715.7814,064.6315,535.1017,137.3218,141.76

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.39%5.39%5.39%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)10,789.5810,891.8510,994.12
Year 2 PV (M)11,233.8811,447.8611,663.85
Year 3 PV (M)11,679.0912,014.3512,355.97
Year 4 PV (M)12,125.1812,591.4813,071.11
Year 5 PV (M)12,572.1813,179.4213,809.90
PV of Terminal Value (M)556,304.72583,174.44611,072.54
Equity Value (M)614,704.63643,299.41672,967.49
Shares Outstanding (M)3,792.913,792.913,792.91
Fair Value$162.07$169.61$177.43
Upside / Downside315.88%335.22%355.29%

High-Yield Dividend Screener

« Prev Page 120 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
PME.AXPro Medicus Limited0.37%$0.8243.26%
SAGO.MESamaraEnergo0.37%$0.011.77%
002824.SZGuangdong Hoshion Aluminium Co., Ltd.0.36%$0.0715.95%
002849.SZZhejiang Viewshine Intelligent Meter Co.,Ltd0.36%$0.0632.16%
002881.SZMeiG Smart Technology Co., Ltd0.36%$0.1626.78%
002917.SZShenzhen King Explorer Science and Technology Corporation0.36%$0.0511.10%
002945.SZChinaLin Securities Co., Ltd.0.36%$0.0630.24%
0A0D.LAlcon Inc.0.36%$0.2611.61%
300539.SZNingbo Henghe Precision Industry Co.,Ltd.0.36%$0.1578.72%
300852.SZSihui Fuji Electronics Technology Co., Ltd.0.36%$0.1413.40%
300857.SZSharetronic Data Technology Co., Ltd.0.36%$0.6118.06%
300885.SZYangzhou Seashine New Materials Co.,Ltd.0.36%$0.1244.05%
5999.TIhara Science Corporation0.36%$10.803.02%
600105.SSJiangsu Etern Company Limited0.36%$0.0940.05%
601001.SSJinneng Holding Shanxi Coal Industry Co.,ltd.0.36%$0.054.06%
601311.SSCamel Group Co., Ltd.0.36%$0.035.14%
603655.SSChangzhou Langbo Sealing Technologies Co.,Ltd.0.36%$0.1538.23%
603810.SSJiangsu Fengshan Group Co.,Ltd0.36%$0.0633.11%
6515.TWWinWay Technology Co., Ltd.0.36%$10.5323.93%
6600.HKSciClone Pharmaceuticals (Holdings) Limited0.36%$0.3319.17%
6789.TWVisEra Technologies Company Ltd.0.36%$1.0018.90%
6929.HKOrbusNeich Medical Group Holdings Limited0.36%$0.0113.37%
7003.TMitsui E&S Holdings Co., Ltd.0.36%$19.848.23%
9405.TAsahi Broadcasting Group Holdings Corporation0.36%$2.992.17%
EXS.STExsitec Holding AB (publ)0.36%$0.559.97%
ILYDA.ATIlyda S.A.0.36%$0.024.60%
TVK.TOTerraVest Industries Inc.0.36%$0.6015.83%
000058.SZShenzhen SEG Co.,Ltd0.35%$0.0344.48%
000973.SZFSPG Hi-Tech Co. Ltd.0.35%$0.0541.71%
001208.SZHunan Valin Wire & Cable Co.,Ltd.0.35%$0.0839.68%
002654.SZShenzhen Mason Technologies Co.,Ltd0.35%$0.0572.58%
002931.SZZhejiang Fenglong Electric Co., Ltd.0.35%$0.1196.83%
068270.KSCelltrion, Inc.0.35%$699.7920.84%
122870.KQYG Entertainment Inc.0.35%$249.749.19%
281740.KQLake Materials Co., Ltd.0.35%$50.0021.63%
300357.SZZhejiang Wolwo Bio-Pharmaceutical Co., Ltd.0.35%$0.1013.43%
300394.SZSuzhou TFC Optical Communication Co., Ltd.0.35%$0.7130.26%
300792.SZHangzhou Onechance Tech Crop.0.35%$0.1029.68%
3219.TWOAethertek technology co., Ltd.0.35%$0.2719.54%
600576.SSZhejiang Sunriver Culture Co.,Ltd.0.35%$0.0211.90%
600587.SSShinva Medical Instrument Co., Ltd.0.35%$0.055.92%
601177.SSHangzhou Advance Gearbox Group Co., Ltd.0.35%$0.069.51%
603800.SSJiangsu Hongtian Technology Co.,Ltd.0.35%$0.1736.32%
603833.SSOppein Home Group Inc.0.35%$0.184.79%
ESLTElbit Systems Ltd.0.35%$2.0821.39%
GXI.DEGerresheimer AG0.35%$0.1014.49%
VASTB.BRVastned Belgium0.35%$0.116.22%
VH2.DEFriedrich Vorwerk Group SE0.35%$0.308.47%
WWIB.OLWilh. Wilhelmsen Holding ASA0.35%$1.9113.25%
002149.SZWestern Metal Materials Co., Ltd.0.34%$0.1685.47%