Bank of Queensland Limited

CHIA:BOQ Stock Report

Market Cap: AU$4.3b

Bank of Queensland Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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$6.5) is trading below our estimate of fair value (A$7.88)

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?

Key metric: As BOQ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BOQ. This is calculated by dividing BOQ's market cap by their current earnings.
What is BOQ's PE Ratio?
PE Ratio15x
EarningsAU$284.00m
Market CapAU$4.27b

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 Average14.1x
BEN Bendigo and Adelaide Bank
13.3x2.4%AU$7.2b
MYS MyState
13.4x11.9%AU$471.5m
ABA Auswide Bank
21.8x26.6%AU$245.0m
BFL BSP Financial Group
7.8xn/aAU$3.1b
BOQ Bank of Queensland
15x10.8%AU$4.3b

Price-To-Earnings vs Peers: BOQ is expensive based on its Price-To-Earnings Ratio (15x) compared to the peer average (14.1x).

Price to Earnings Ratio vs Industry

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

17 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BOQ 15.0xIndustry Avg. 10.0xNo. of Companies167PE0612182430+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BOQ is expensive based on its Price-To-Earnings Ratio (15x) compared to the Global Banks industry average (10x).

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 Ratio15x
Fair PE Ratio15.3x

Price-To-Earnings vs Fair Ratio: BOQ is good value based on its Price-To-Earnings Ratio (15x) compared to the estimated Fair Price-To-Earnings Ratio (15.3x).

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$6.50
AU$5.95
-8.5%
14.3%AU$7.50AU$4.00n/a13
Dec ’25AU$6.89
AU$5.85
-15.1%
14.4%AU$7.50AU$4.00n/a13
Nov ’25AU$6.45
AU$5.92
-8.3%
14.3%AU$7.50AU$4.00n/a14
Oct ’25AU$6.18
AU$5.46
-11.7%
16.3%AU$7.50AU$4.00n/a15
Sep ’25AU$6.30
AU$5.46
-13.3%
16.3%AU$7.50AU$4.00n/a15
Aug ’25AU$6.31
AU$5.38
-14.7%
15.5%AU$7.50AU$4.00n/a15
Jul ’25AU$5.91
AU$5.38
-8.8%
15.5%AU$7.50AU$4.00n/a15
Jun ’25AU$5.78
AU$5.38
-6.8%
15.5%AU$7.50AU$4.00n/a15
May ’25AU$6.09
AU$5.38
-11.6%
15.5%AU$7.50AU$4.00n/a15
Apr ’25AU$6.31
AU$5.24
-16.9%
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
-11.9%
16.3%AU$8.00AU$4.00n/a14
Jan ’25AU$6.07
AU$5.21
-14.1%
16.1%AU$8.00AU$4.00n/a14
Dec ’24AU$5.55
AU$5.51
-0.8%
24.2%AU$9.47AU$4.00AU$6.8915
Nov ’24AU$5.14
AU$5.52
+7.5%
24.1%AU$9.47AU$4.00AU$6.4515
Oct ’24AU$5.76
AU$5.98
+3.8%
21.3%AU$9.47AU$4.80AU$6.1815
Sep ’24AU$5.75
AU$6.08
+5.7%
20.3%AU$9.47AU$4.80AU$6.3015
Aug ’24AU$6.07
AU$6.13
+1.0%
19.6%AU$9.47AU$5.00AU$6.3115
Jul ’24AU$5.49
AU$6.19
+12.8%
18.8%AU$9.47AU$5.00AU$5.9116
Jun ’24AU$5.49
AU$6.28
+14.4%
17.7%AU$9.47AU$5.40AU$5.7816
May ’24AU$5.93
AU$6.54
+10.3%
15.8%AU$9.47AU$5.40AU$6.0916
Apr ’24AU$6.50
AU$7.47
+14.9%
17.3%AU$11.00AU$5.40AU$6.3115
Mar ’24AU$6.94
AU$7.72
+11.3%
15.0%AU$11.00AU$5.40AU$5.9015
Feb ’24AU$6.99
AU$7.91
+13.2%
14.8%AU$11.00AU$5.90AU$5.9315
Jan ’24AU$6.94
AU$8.04
+15.9%
14.3%AU$11.00AU$5.90AU$6.0715
Dec ’23AU$7.25
AU$8.16
+12.6%
13.9%AU$11.00AU$5.90AU$5.5515

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:12
End of Day Share Price 2024/12/20 00:00
Earnings2024/08/31
Annual Earnings2024/08/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Bank of Queensland Limited is covered by 31 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anthony HooANZ Equities Pty Limited
Russell WrightBarclay Pearce Capital Pty Limited
Nicholas McGarrigleBarrenjoey Markets Pty Limited