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BOQ

Bank of QueenslandASX:BOQ Stock Report

Last Price

AU$7.86

Market Cap

AU$5.0b

7D

-4.5%

1Y

-5.3%

Updated

22 Jan, 2022

Data

Company Financials +
BOQ fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance3/6
Financial Health6/6
Dividends4/6

BOQ Stock Overview

Bank of Queensland Limited, together with its subsidiaries, provides various financial products and services in Australia.

Bank of Queensland Competitors

Bendigo and Adelaide Bank

ASX:BEN

AU$4.9b

Commonwealth Bank of Australia

ASX:CBA

AU$166.0b

National Australia Bank

ASX:NAB

AU$92.1b

Australia and New Zealand Banking Group

ASX:ANZ

AU$79.0b

Price History & Performance

Summary of all time highs, changes and price drops for Bank of Queensland
Historical stock prices
Current Share PriceAU$7.86
52 Week HighAU$9.84
52 Week LowAU$7.56
Beta0.97
1 Month Change-2.36%
3 Month Change-13.63%
1 Year Change-5.30%
3 Year Change-23.54%
5 Year Change-35.63%
Change since IPO71.70%

Recent News & Updates

Shareholder Returns

BOQAU BanksAU Market
7D-4.5%-2.8%-2.8%
1Y-5.3%10.6%5.8%

Return vs Industry: BOQ underperformed the Australian Banks industry which returned 10.6% over the past year.

Return vs Market: BOQ underperformed the Australian Market which returned 5.8% over the past year.

Price Volatility

Is BOQ's price volatile compared to industry and market?
BOQ volatility
BOQ Average Weekly Movement2.9%
Banks Industry Average Movement3.0%
Market Average Movement8.6%
10% most volatile stocks in AU Market15.4%
10% least volatile stocks in AU Market3.7%

Stable Share Price: BOQ is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BOQ's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18742,218George Frazishttps://www.boq.com.au

Bank of Queensland Limited, together with its subsidiaries, provides various financial products and services in Australia. The company operates in Retail Banking, BOQ Business, and Other segments. It offers personal banking services comprises savings and term deposits, and transactional accounts; debit and credit cards; home, personal, and car loans; and travel, home and content, landlord, and car insurance, as well as investment services comprising online share trading services, and self-managed superannuation funds.

Bank of Queensland Fundamentals Summary

How do Bank of Queensland's earnings and revenue compare to its market cap?
BOQ fundamental statistics
Market CapAU$5.05b
Earnings (TTM)AU$368.00m
Revenue (TTM)AU$1.27b

13.7x

P/E Ratio

0.8x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BOQ income statement (TTM)
RevenueAU$1.27b
Cost of RevenueAU$0
Gross ProfitAU$1.27b
ExpensesAU$906.00m
EarningsAU$368.00m

Last Reported Earnings

Aug 31, 2021

Next Earnings Date

Apr 14, 2022

Earnings per share (EPS)0.57
Gross Margin100.00%
Net Profit Margin28.89%
Debt/Equity Ratio300.9%

How did BOQ perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

58%

Payout Ratio

Valuation

Is Bank of Queensland undervalued compared to its fair value and its price relative to the market?

35.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BOQ (A$7.86) is trading below our estimate of fair value (A$12.13)

Significantly Below Fair Value: BOQ is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BOQ is poor value based on its PE Ratio (13.7x) compared to the Australian Banks industry average (11.1x).

PE vs Market: BOQ is good value based on its PE Ratio (13.7x) compared to the Australian market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: BOQ is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: BOQ is good value based on its PB Ratio (0.8x) compared to the AU Banks industry average (1.1x).


Future Growth

How is Bank of Queensland forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

9.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BOQ's forecast earnings growth (9.6% per year) is above the savings rate (1.9%).

Earnings vs Market: BOQ's earnings (9.6% per year) are forecast to grow slower than the Australian market (11.1% per year).

High Growth Earnings: BOQ's earnings are forecast to grow, but not significantly.

Revenue vs Market: BOQ's revenue (6.4% per year) is forecast to grow faster than the Australian market (4.8% per year).

High Growth Revenue: BOQ's revenue (6.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BOQ's Return on Equity is forecast to be low in 3 years time (8.5%).


Past Performance

How has Bank of Queensland performed over the past 5 years?

-10.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BOQ has a high level of non-cash earnings.

Growing Profit Margin: BOQ's current net profit margins (28.9%) are higher than last year (12.4%).


Past Earnings Growth Analysis

Earnings Trend: BOQ's earnings have declined by 10.8% per year over the past 5 years.

Accelerating Growth: BOQ's earnings growth over the past year (220%) exceeds its 5-year average (-10.8% per year).

Earnings vs Industry: BOQ earnings growth over the past year (220%) exceeded the Banks industry 29.9%.


Return on Equity

High ROE: BOQ's Return on Equity (6%) is considered low.


Financial Health

How is Bank of Queensland's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BOQ's Assets to Equity ratio (14.8x) is moderate.

Allowance for Bad Loans: BOQ has a sufficient allowance for bad loans (149%).

Low Risk Liabilities: 77% of BOQ's liabilities are made up of primarily low risk sources of funding.

Loan Level: BOQ has an appropriate level of Loans to Assets ratio (83%).

Low Risk Deposits: BOQ's Loans to Deposits ratio (114%) is appropriate.

Level of Bad Loans: BOQ has an appropriate level of bad loans (0.3%).


Dividend

What is Bank of Queensland current dividend yield, its reliability and sustainability?

5.60%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BOQ's dividend (5.6%) is higher than the bottom 25% of dividend payers in the Australian market (2.25%).

High Dividend: BOQ's dividend (5.6%) is in the top 25% of dividend payers in the Australian market (5.52%)


Stability and Growth of Payments

Stable Dividend: BOQ's dividend payments have been volatile in the past 10 years.

Growing Dividend: BOQ's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (58.2%), BOQ's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BOQ's dividends in 3 years are forecast to be covered by earnings (68% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

George Frazis (57 yo)

2.33yrs

Tenure

AU$2,205,077

Compensation

Mr. George Frazis, B.Eng. (Hons), M.B.A. (AGSM) M.B.A. (Wharton), serves as the Managing Director, Chief Executive Officer and Executive Director of Bank of Queensland Ltd. since September 5, 2019, when he...


CEO Compensation Analysis

Compensation vs Market: George's total compensation ($USD1.59M) is about average for companies of similar size in the Australian market ($USD1.73M).

Compensation vs Earnings: George's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: BOQ's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: BOQ's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BOQ insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 41.3%.


Top Shareholders

Company Information

Bank of Queensland Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Bank of Queensland Limited
  • Ticker: BOQ
  • Exchange: ASX
  • Founded: 1874
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: AU$5.050b
  • Shares outstanding: 642.49m
  • Website: https://www.boq.com.au

Number of Employees


Location

  • Bank of Queensland Limited
  • 100 Skyring Terrace
  • Level 6
  • Newstead
  • Queensland
  • 4006
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/22 07:01
End of Day Share Price2022/01/21 00:00
Earnings2021/08/31
Annual Earnings2021/08/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.