Bank of Queensland Limited

ASX:BOQ Stock Report

Market Cap: AU$4.1b

Bank of Queensland Valuation

Is BOQ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BOQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BOQ (A$6.32) is trading below our estimate of fair value (A$6.84)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for BOQ?

Other financial metrics that can be useful for relative valuation.

BOQ key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio1.5x

Price to Earnings Ratio vs Peers

How does BOQ's PE Ratio compare to its peers?

The above table shows the PE ratio for BOQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.1x
BEN Bendigo and Adelaide Bank
10.9x1.4%AU$5.8b
MYS MyState
11.3x7.3%AU$404.8m
ABA Auswide Bank
11x14.9%AU$204.7m
BFL BSP Financial Group
7.4xn/aAU$2.7b
BOQ Bank of Queensland
34.9x22.5%AU$4.1b

Price-To-Earnings vs Peers: BOQ is expensive based on its Price-To-Earnings Ratio (34.9x) compared to the peer average (10.1x).


Price to Earnings Ratio vs Industry

How does BOQ's PE Ratio compare vs other companies in the Global Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a1.3%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a1.3%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: BOQ is expensive based on its Price-To-Earnings Ratio (34.9x) compared to the Global Banks industry average (9.1x).


Price to Earnings Ratio vs Fair Ratio

What is BOQ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BOQ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio34.9x
Fair PE Ratio15.9x

Price-To-Earnings vs Fair Ratio: BOQ is expensive based on its Price-To-Earnings Ratio (34.9x) compared to the estimated Fair Price-To-Earnings Ratio (15.9x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BOQ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$6.32
AU$5.24
-17.0%
16.4%AU$8.00AU$4.00n/a14
Mar ’25AU$5.90
AU$5.24
-11.2%
16.4%AU$8.00AU$4.00n/a14
Feb ’25AU$5.93
AU$5.22
-12.0%
16.3%AU$8.00AU$4.00n/a14
Jan ’25AU$6.08
AU$5.21
-14.3%
16.1%AU$8.00AU$4.00n/a14
Dec ’24AU$5.56
AU$5.51
-1.0%
24.2%AU$9.47AU$4.00n/a15
Nov ’24AU$5.15
AU$5.52
+7.3%
24.1%AU$9.47AU$4.00n/a15
Oct ’24AU$5.74
AU$5.98
+4.1%
21.3%AU$9.47AU$4.80n/a15
Sep ’24AU$5.75
AU$6.08
+5.7%
20.3%AU$9.47AU$4.80n/a15
Aug ’24AU$6.05
AU$6.13
+1.3%
19.6%AU$9.47AU$5.00n/a15
Jul ’24AU$5.49
AU$6.19
+12.8%
18.8%AU$9.47AU$5.00n/a16
Jun ’24AU$5.47
AU$6.28
+14.8%
17.7%AU$9.47AU$5.40n/a16
May ’24AU$5.92
AU$6.54
+10.4%
15.8%AU$9.47AU$5.40n/a16
Apr ’24AU$6.49
AU$7.47
+15.1%
17.3%AU$11.00AU$5.40n/a15
Mar ’24AU$6.90
AU$7.72
+11.9%
15.0%AU$11.00AU$5.40AU$5.9015
Feb ’24AU$6.97
AU$7.91
+13.5%
14.8%AU$11.00AU$5.90AU$5.9315
Jan ’24AU$6.90
AU$8.04
+16.5%
14.3%AU$11.00AU$5.90AU$6.0815
Dec ’23AU$7.23
AU$8.16
+12.9%
13.9%AU$11.00AU$5.90AU$5.5615
Nov ’23AU$7.43
AU$8.47
+14.0%
12.8%AU$11.00AU$6.30AU$5.1515
Oct ’23AU$6.51
AU$8.29
+27.3%
15.2%AU$11.00AU$5.70AU$5.7415
Sep ’23AU$6.86
AU$8.39
+22.4%
14.2%AU$11.00AU$5.70AU$5.7515
Aug ’23AU$7.45
AU$8.44
+13.2%
14.2%AU$11.00AU$5.90AU$6.0514
Jul ’23AU$6.70
AU$8.65
+29.2%
14.5%AU$11.00AU$5.90AU$5.4914
Jun ’23AU$7.56
AU$9.04
+19.6%
9.9%AU$11.00AU$7.10AU$5.4714
May ’23AU$8.13
AU$9.23
+13.5%
10.9%AU$11.00AU$7.10AU$5.9215
Apr ’23AU$8.50
AU$9.71
+14.3%
9.9%AU$11.40AU$8.00AU$6.4915
Mar ’23AU$8.05
AU$9.75
+21.1%
9.0%AU$11.00AU$8.00AU$6.9015

Analyst Forecast: Target price is lower than the current share price.


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