ASX:BOQ

Stock Analysis Report

Bank of Queensland

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet and fair value.


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


Market Performance


7 Day Return

7.0%

ASX:BOQ

3.7%

AU Banks

0.5%

AU Market


1 Year Return

-12.8%

ASX:BOQ

7.6%

AU Banks

6.3%

AU Market

BOQ underperformed the Banks industry which returned 7.6% over the past year.

BOQ underperformed the Market in Australia which returned 6.3% over the past year.


Share holder returns

BOQIndustryMarket
7 Day7.0%3.7%0.5%
30 Day10.8%8.6%4.4%
90 Day3.3%4.1%2.1%
1 Year-6.1%-12.8%14.7%7.6%12.4%6.3%
3 Year12.8%-8.8%28.6%7.2%41.3%22.3%
5 Year12.7%-18.8%28.3%-6.8%47.8%14.7%

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 based on future cash flows and its price relative to the stock market?

12.33x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Bank of Queensland's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Bank of Queensland's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Bank of Queensland is good value based on earnings compared to the AU Banks industry average.

Bank of Queensland is good value based on earnings compared to the Australia market.


Price Based on Expected Growth

Bank of Queensland is poor value based on expected growth next year.


Price Based on Value of Assets

Bank of Queensland is good value based on assets compared to the AU Banks industry average.


Next Steps

Future Growth

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

1.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Bank of Queensland's revenue is expected to grow by 2% yearly, however this is not considered high growth (20% yearly).

Bank of Queensland's earnings are expected to grow by 1.1% yearly, however this is not considered high growth (20% yearly).

Bank of Queensland's revenue growth is positive but not above the Australia market average.

Bank of Queensland's earnings growth is positive but not above the Australia market average.

Bank of Queensland's earnings growth is positive but not above the low risk savings rate of 2.3%.


Earnings per Share Growth Estimates


Future Return on Equity

Bank of Queensland is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

6.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Bank of Queensland's year on year earnings growth rate has been positive over the past 5 years.

Bank of Queensland's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Bank of Queensland's 1-year earnings growth is negative, it can't be compared to the AU Banks industry average.


Return on Equity

Bank of Queensland has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Bank of Queensland used its assets less efficiently than the AU Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Bank of Queensland improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

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

Information is not available.

Information is not available.


Financial Institutions Analysis

Bank of Queensland has an acceptable proportion of non-loan assets held.

Bank of Queensland has a sufficient allowance for bad loans.

Bank of Queensland's liabilities are made up of primarily low risk sources of funding.

Bank of Queensland's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at Bank of Queensland are broadly funded by customer deposits.

Bank of Queensland has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

6.53%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Bank of Queensland's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.44%).

Bank of Queensland's dividend is above the markets top 25% of dividend payers in Australia (5.52%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (1.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.2x coverage).


Next Steps

Management

What is the CEO of Bank of Queensland's salary, the management and board of directors tenure and is there insider trading?

1.1yrs

Average management tenure


CEO

George Frazis (55yo)

0yrs

Tenure

0

Mr. George Frazis, B Eng (Hons) MBA (AGSM) MBA (Wharton) serves as the MD, CEO & Director of Bank of Queensland Ltd. since September 5, 2019. Mr. Frazis was an Executive Officer at Westpac Banking Corporat ...


Management Age and Tenure

1.1yrs

Average Tenure

The average tenure for the Bank of Queensland management team is less than 2 years, this suggests a new team.


Board Age and Tenure

5.6yrs

Average Tenure

60yo

Average Age

The tenure for the Bank of Queensland board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyAU$30,09516 Jun 19
Kathleen Bailey-Lord
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares3,132
Max PriceAU$9.61
BuyAU$86,42101 Nov 18
BlackRock, Inc.
EntityCompany
Shares7,398,974
Max PriceAU$13.51
SellAU$001 Nov 18
BlackRock, Inc.
EntityCompany
Shares3,014,154
Max PriceAU$13.41

Ownership Breakdown


Management Team

  • George Frazis (55yo)

    MD, CEO & Director

    • Tenure: 0yrs
  • Matt Baxby

    Chief Financial Officer

    • Tenure: 1.3yrs
    • Compensation: AU$1.42m
  • Daniel Ryan

    Head of Investor Relations

    • Tenure: 0yrs
  • James Shaw

    Head of Funding

    • Tenure: 0yrs
  • Donna-Maree Vinci

    • Tenure: 0yrs
    • Compensation: AU$1.43m
  • Tracy Hicks

    Head of Corporate Affairs

    • Tenure: 0yrs
  • Lyn McGrath

    Group Executive of Retail Banking

    • Tenure: 1.1yrs
    • Compensation: AU$669.28k
  • Natasha Kelso

    Head of BOQ Broker

    • Tenure: 1.3yrs
  • Debra Eckersley

    Group Executive People & Culture

    • Tenure: 1yrs
  • Adam McAnalen

    Chief Risk Officer

    • Tenure: 0.3yrs

Board Members

  • David Willis (63yo)

    Non-Executive Independent Director

    • Tenure: 9.6yrs
    • Compensation: AU$283.27k
  • Richard Andrew Haire (60yo)

    Non-Executive Independent Director

    • Tenure: 7.4yrs
    • Compensation: AU$269.27k
  • Roger Davis (67yo)

    Chairman of the Board

    • Tenure: 6.3yrs
    • Compensation: AU$420.17k
  • George Frazis (55yo)

    MD, CEO & Director

    • Tenure: 0yrs
  • Warwick Negus

    Non-Executive Independent Director

    • Tenure: 3yrs
    • Compensation: AU$181.18k
  • Karen Lee Penrose (59yo)

    Non-Executive Independent Director

    • Tenure: 3.8yrs
    • Compensation: AU$218.73k
  • John Lorimer (66yo)

    Non-Executive Independent Director

    • Tenure: 3.7yrs
    • Compensation: AU$207.73k
  • Michelle Tredenick (58yo)

    Non-Executive Independent Director

    • Tenure: 8.6yrs
    • Compensation: AU$254.62k
  • Bruce Carter (60yo)

    Non-Executive Independent Director

    • Tenure: 5.6yrs
    • Compensation: AU$262.52k
  • Kathleen Bailey-Lord

    Independent Non-Executive Director

    • Tenure: 0.3yrs

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$3.984b
  • Shares outstanding: 404.92m
  • Website: https://www.boq.com.au

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BOQASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
BKQN.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
BXZDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
BOQCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992
BKQN.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDNov 2008

Biography

Bank of Queensland Limited, together with its subsidiaries, provides various financial products and services in Australia. The company operates in two segments, Banking and Insurance. It offers personal ba ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/15 10:33
End of Day Share Price2019/09/13 00:00
Earnings2019/02/28
Annual Earnings2018/08/31


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.