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$175.58 - $192.27$183.77
Blended Fair Value$433.34
Current Price$38.97
Upside1,011.99%
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 Rate5.21%5.21%5.21%
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 Rate5.21%5.21%5.21%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)10,808.2110,910.6611,013.11
Year 2 PV (M)11,272.7211,487.4311,704.17
Year 3 PV (M)11,739.7012,076.7112,420.10
Year 4 PV (M)12,209.1612,678.6913,161.64
Year 5 PV (M)12,681.1213,293.6213,929.57
PV of Terminal Value (M)607,245.80636,576.00667,028.74
Equity Value (M)665,956.72697,023.12729,257.32
Shares Outstanding (M)3,792.913,792.913,792.91
Fair Value$175.58$183.77$192.27
Upside / Downside350.55%371.57%393.38%

High-Yield Dividend Screener

« Prev Page 93 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
603890.SSSuzhou Chunqiu Electronic Technology Co., Ltd.1.16%$0.1926.66%
688596.SSShanghai GenTech Co., Ltd.1.16%$0.3739.36%
9520.SRShatirah House Restaurant Co.1.16%$0.2872.19%
HKB.SIAMTD IDEA Group1.16%$0.041.49%
LUVE.MILU-VE S.p.A.1.16%$0.4628.39%
M-CHAI.BKMahachai Hospital Public Company Limited1.16%$0.2541.99%
TELTE Connectivity Ltd.1.16%$2.6943.59%
002705.SZGuangdong Xinbao Electrical Appliances Holdings Co., Ltd1.15%$0.1611.95%
2588.HKBOC Aviation Limited1.15%$0.8533.42%
300939.SZShenzhen AV-Display Co., Ltd.1.15%$0.4058.71%
4368.TFuso Chemical Co.,Ltd.1.15%$72.9521.72%
4543.TTerumo Corporation1.15%$26.0729.43%
600338.SSTibet Summit Resources Co.,Ltd.1.15%$0.1735.44%
600763.SSTopchoice Medical Corporation1.15%$0.4639.91%
601600.SSAluminum Corporation of China Limited1.15%$0.1416.77%
603223.SSHengtong Logistics Co., Ltd.1.15%$0.1132.46%
605003.SSZhongWang Fabric Co., Ltd.1.15%$0.4169.19%
7115.TAlpha Purchase Co., Ltd.1.15%$25.8927.00%
FSL.BOFirstsource Solutions Limited1.15%$3.9041.18%
SAP.DESAP SE1.15%$2.3338.73%
TERRA13.MXFibra Terrafina1.15%$0.4614.15%
TTEN3.SATrês Tentos Agroindustrial S/A1.15%$0.1911.01%
001301.SZShijiazhuang Shangtai Technology Co., Ltd.1.14%$0.9826.25%
004370.KSNongshim Co., Ltd.1.14%$4,883.4318.11%
0HA8.LCorporación Financiera Alba, S.A.1.14%$0.9659.26%
0ZPV.LJenoptik AG1.14%$0.3524.94%
2651.TLawson, Inc.1.14%$117.3822.18%
300636.SZJiangxi Synergy Pharmaceutical Co., Ltd.1.14%$0.0938.18%
301181.SZJiangyin Pivot Automotive Products Co., Ltd.1.14%$0.5047.28%
4200.SRAldrees Petroleum and Transport Services Company1.14%$1.5036.84%
600552.SSTriumph Science & Technology Co.,Ltd1.14%$0.1485.31%
601969.SSHainan Mining Co., Ltd.1.14%$0.1457.09%
688314.SSKontour (Xi'an) Medical Technology Co., Ltd.1.14%$0.3834.72%
8466.TWM.J. International Co., Ltd.1.14%$0.2522.59%
8467.TWBonny Worldwide Limited1.14%$2.0215.71%
9936.HKXimei Resources Holding Limited1.14%$0.079.69%
TANLA.BOTanla Platforms Limited1.14%$6.0616.86%
VIT-B.STVitec Software Group AB (publ)1.14%$3.3033.04%
WINE.JKPT HATTEN BALI Tbk1.14%$2.3515.27%
001696.SZChongqing Zongshen Power Machinery Co.,Ltd1.13%$0.2533.93%
002363.SZShandong Longji Machinery Co.,Ltd1.13%$0.1191.74%
095610.KQTES Co., Ltd1.13%$600.1415.66%
098070.KQHantech1.13%$356.9910.94%
206640.KQBoditech Med Inc.1.13%$150.0312.80%
3498.TKasumigaseki Capital Co.,Ltd.1.13%$83.2616.29%
600054.SSHuangshan Tourism Development Co.,Ltd.1.13%$0.1333.02%
600377.SSJiangsu Expressway Company Limited1.13%$0.1414.78%
601677.SSHenan Mingtai Al.Industrial Co.,Ltd.1.13%$0.1712.01%
688589.SSLeaguer (Shenzhen) Microelectronics Corp.1.13%$0.2666.29%
7203.SRElm Company1.13%$8.5030.89%