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Bank of Queensland

Market Cap

AU$5.7b

Last Updated

2021/05/07 08:01 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Flawless balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Bank of Queensland's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BOQ is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BOQ's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-0.4%

BOQ

0.8%

AU Banks

-0.5%

AU Market


1 Year Return

85.9%

BOQ

63.9%

AU Banks

37.3%

AU Market

Return vs Industry: BOQ exceeded the Australian Banks industry which returned 63.9% over the past year.

Return vs Market: BOQ exceeded the Australian Market which returned 37.3% over the past year.


Shareholder returns

BOQIndustryMarket
7 Day-0.4%0.8%-0.5%
30 Day3.7%3.9%2.3%
90 Day5.0%8.2%2.9%
1 Year98.8%85.9%68.1%63.9%41.4%37.3%
3 Year6.3%-10.8%20.7%3.7%31.1%15.3%
5 Year8.6%-20.7%32.3%2.3%62.1%31.8%

Long-Term Price Volatility Vs. Market

How volatile is Bank of Queensland's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

0.009%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BOQ (A$8.98) is trading below our estimate of fair value (A$8.98)

Significantly Below Fair Value: BOQ is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BOQ is poor value based on its PE Ratio (23.2x) compared to the AU Banks industry average (15.2x).

PE vs Market: BOQ is poor value based on its PE Ratio (23.2x) compared to the Australian market (20.6x).


Price to Earnings Growth Ratio

PEG Ratio: BOQ is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: BOQ's PB Ratio (0.9x) is in line with the AU Banks industry average.


Future Growth

How is Bank of Queensland forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

18.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BOQ's forecast earnings growth (18.9% per year) is above the savings rate (1.9%).

Earnings vs Market: BOQ's earnings (18.9% per year) are forecast to grow faster than the Australian market (14% per year).

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

Revenue vs Market: BOQ's revenue (12.8% per year) is forecast to grow faster than the Australian market (5.3% per year).

High Growth Revenue: BOQ's revenue (12.8% 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 (7.7%).


Past Performance

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

-13.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BOQ has high quality earnings.

Growing Profit Margin: BOQ's current net profit margins (18.3%) are lower than last year (22.8%).


Past Earnings Growth Analysis

Earnings Trend: BOQ's earnings have declined by 13.5% per year over the past 5 years.

Accelerating Growth: BOQ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BOQ had negative earnings growth (-25.1%) over the past year, making it difficult to compare to the Banks industry average (-7%).


Return on Equity

High ROE: BOQ's Return on Equity (4%) 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 (13x) is moderate.

Allowance for Bad Loans: BOQ has a sufficient allowance for bad loans (193%).

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 (116%) is appropriate.

Level of Bad Loans: BOQ has an appropriate level of bad loans (0.4%).


Dividend

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

3.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BOQ's dividend (3.79%) is higher than the bottom 25% of dividend payers in the Australian market (2.03%).

High Dividend: BOQ's dividend (3.79%) is low compared to the top 25% of dividend payers in the Australian market (5.25%).


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 (75%), 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 (55.7% payout ratio).


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

George Frazis (56 yo)

1.67yrs

Tenure

AU$1,654,945

Compensation

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


CEO Compensation Analysis

Compensation vs Market: George's total compensation ($USD1.29M) is about average for companies of similar size in the Australian market ($USD1.72M).

Compensation vs Earnings: Insufficient data to compare George's compensation with company performance.


Leadership Team

Experienced Management: BOQ's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: BOQ's board of directors are considered experienced (3.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 40.8%.


Top Shareholders

Company Information

Bank of Queensland Limited's company bio, 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
  • Market Cap: AU$5.724b
  • Shares outstanding: 638.88m
  • Website: https://www.boq.com.au

Number of Employees


Location

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

Listings


Biography

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 offer...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/07 08:01
End of Day Share Price2021/05/07 00:00
Earnings2021/02/28
Annual Earnings2020/08/31


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.