Commonwealth Bank of Australia Future Growth

Future criteria checks 2/6

Commonwealth Bank of Australia is forecast to grow earnings and revenue by 4.5% and 4.4% per annum respectively. EPS is expected to grow by 4.6% per annum. Return on equity is forecast to be 13.6% in 3 years.

Key information

4.5%

Earnings growth rate

4.6%

EPS growth rate

Banks earnings growth	0.1%
Revenue growth rate	4.4%
Future return on equity	13.6%
Analyst coverage	Good
Last updated	29 Oct 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

BRSE:CBA - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	29,744	10,534	N/A	N/A	9
6/30/2026	28,757	10,072	N/A	N/A	10
6/30/2025	27,836	9,696	N/A	N/A	10
6/30/2024	26,119	9,481	-49,487	-48,165	N/A
3/31/2024	26,073	9,586	-60,896	-59,451	N/A
12/31/2023	26,128	9,782	-72,306	-70,738	N/A
9/30/2023	26,278	9,985	-60,324	-58,756	N/A
6/30/2023	26,326	10,096	-48,343	-46,775	N/A
3/31/2023	26,300	10,055	-60,787	-59,515	N/A
12/31/2022	26,454	10,175	-73,232	-72,255	N/A
9/30/2022	25,840	9,924	-65,354	-64,377	N/A
6/30/2022	25,135	9,592	-57,476	-56,499	N/A
3/31/2022	24,827	9,749	-38,444	-37,572	N/A
12/31/2021	25,068	9,825	-19,412	-18,645	N/A
9/30/2021	24,520	9,334	-20,028	-19,261	N/A
6/30/2021	23,652	8,843	-20,644	-19,877	N/A
3/31/2021	22,501	7,769	-26,240	-25,087	N/A
12/31/2020	21,213	6,695	-31,837	-30,298	N/A
9/30/2020	21,357	7,042	-32,668	-31,129	N/A
6/30/2020	21,408	7,388	-33,499	-31,960	N/A
12/31/2019	22,131	7,966	13,057	13,697	N/A
9/30/2019	22,218	8,028	12,806	13,446	N/A
6/30/2019	22,304	8,042	12,429	13,069	N/A
3/31/2019	22,940	8,617	N/A	N/A	N/A
12/31/2018	23,024	8,874	11,125	12,105	N/A
9/30/2018	23,421	8,966	6,065	7,045	N/A
6/30/2018	23,240	8,729	1,005	1,985	N/A
12/31/2017	24,425	9,689	N/A	-32,642	N/A
9/30/2017	24,358	9,728	N/A	-36,635	N/A
6/30/2017	23,388	9,458	N/A	-40,628	N/A
3/31/2017	24,245	9,643	N/A	-43,083	N/A
12/31/2016	23,726	9,417	N/A	-45,539	N/A
9/30/2016	23,524	9,295	N/A	-43,941	N/A
6/30/2016	22,361	8,895	N/A	-42,344	N/A
3/31/2016	23,265	9,122	N/A	N/A	N/A
12/31/2015	23,207	9,091	N/A	-45,733	N/A
9/30/2015	22,944	9,051	N/A	-39,889	N/A
6/30/2015	22,680	9,001	N/A	-34,046	N/A
3/31/2015	22,425	8,962	N/A	N/A	N/A
12/31/2014	22,170	8,913	N/A	-27,187	N/A
9/30/2014	21,870	8,750	N/A	-26,321	N/A
6/30/2014	21,570	8,586	N/A	-25,456	N/A
3/31/2014	21,192	8,349	N/A	N/A	N/A
12/31/2013	20,813	8,191	N/A	-7,219	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CBA's forecast earnings growth (4.5% per year) is above the savings rate (0.3%).

Earnings vs Market: CBA's earnings (4.5% per year) are forecast to grow slower than the Swiss market (11% per year).

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

Revenue vs Market: CBA's revenue (4.4% per year) is forecast to grow faster than the Swiss market (4.1% per year).

High Growth Revenue: CBA's revenue (4.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CBA's Return on Equity is forecast to be low in 3 years time (13.6%).

Commonwealth Bank of Australia Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Recent updates

Commonwealth Bank of Australia Announces Executive Leadership Team Changes

Commonwealth Bank of Australia Announces Board Changes

Final dividend of AU$2.50 announced

Full year 2024 earnings released: EPS: AU$5.67 (vs AU$6.03 in FY 2023)

Commonwealth Bank of Australia, Annual General Meeting, Oct 15, 2025

PT Bank OCBC NISP Tbk (IDX:NISP) completed the acquisition of 99% stake in PT Bank Commonwealth from Commonwealth Bank of Australia (ASX:CBA).

First half dividend of AU$2.15 announced

First half 2024 earnings released: EPS: AU$2.89 (vs AU$3.09 in 1H 2023)

Matt Comyn Resigns from Commonwealth Bank as Deputy CEO

PT Bank OCBC NISP Tbk (IDX:NISP) entered into a binding agreement to acquire 99% stake in PT Bank Commonwealth from Commonwealth Bank of Australia (ASX:CBA) for AUD 220 million.

Commonwealth Bank of Australia Announces Appointment of Rebecca Warren as Executive General Manager

Commonwealth Bank of Australia Announces Resignation of Genevieve Bell AO from the Board, Effective 31 October 2023

Commonwealth Bank of Australia Announces Federal Court of Australia Approves Consumer Credit Insurance Class Action Settlement

Commonwealth Bank of Australia Announces Company Secretary Changes

Commonwealth Bank of Australia Announces a Final Dividend, Payable on or Around 28 September 2023

Commonwealth Bank of Australia to Report Q2, 2024 Results on Feb 14, 2024

Full year 2023 earnings released: EPS: AU$6.32 (vs AU$5.62 in FY 2022)

Commonwealth Bank of Australia, Annual General Meeting, Oct 16, 2024

Commonwealth Bank Appoints Rodrigo Castillo as Chief Technology Officer

Commonwealth Bank of Australia Reports Loan Impairment Expense for the Third Quarter Ended March 31, 2023

Independent Non-Executive Chairman recently bought CHF65k worth of stock

First half 2023 earnings released: EPS: AU$3.08 (vs AU$2.73 in 1H 2022)

Commonwealth Bank of Australia Announces Dividend for the Six Months Ended December 31, 2022, Payable on March 30, 2023

Commonwealth Bank of Australia Announces Resignation of Suzannah Fletcher as Company Secretary

Independent Non-Executive Director recently bought CHF147k worth of stock

Commonwealth Bank of Australia Appoints Managing Directors to Institutional Banking Markets

Tyro Payments in Takeover Talks with Selected Parties

Hollard Insurance Company Pty Ltd completed the acquisition of CommInsure General Insurance Business from Commonwealth Bank of Australia (ASX:CBA).

Commonwealth Bank of Australia Announces Executive Changes

Commonwealth Bank of Australia Announces Executive Changes

Independent Non-Executive Chairman recently bought CHF86k worth of stock

Independent Non-Executive Director recently bought CHF133k worth of stock

Commonwealth Bank of Australia Announces Executive Changes

Full year 2022 earnings released: EPS: AU$5.62 (vs AU$4.99 in FY 2021)

Commonwealth Bank of Australia Announces Final Dividend, Payable on or Around 29 September 2022

Commonwealth Bank of Australia Announces Appointment of Suzannah Fletcher as an Additional Company Secretary

Hangzhou City Construction Investment Group Limited and Hangzhou Communications Investment Group Co., Ltd. completed the acquisition of 10% stake in Bank of Hangzhou Co., Ltd. (SHSE:600926) from Commonwealth Bank of Australia (ASX:CBA).

Commonwealth Bank of Australia Announces Distribution on CBAPD - CAP NOTE 3-BBSW+2.80% PERP NON-CUM RED T-12-22 for the Quarter Ended September 15, 2022, Payable on September 15, 2022

Commonwealth Bank Announces Executive Changes

Westpac Banking Corporation Reportedly Takes Receipt of Indicative Bids for Its Investment Platform Business

Commonwealth Bank of Australia Announces Ordinary Fully Franked Distribution on CBAPJ - CAP Note 3-BBSW+2.75% PERP NON-CUM RED T-06-29 for the Quarter Ending June 15, 2022, Payable on June 15, 2022

CEO, MD & Executive Director recently sold CHF947k worth of stock

Commonwealth Bank of Australia Announces Change of Company Secretary, Effective March 3, 2022

Hangzhou City Construction Investment Group Limited and Hangzhou Communications Investment Group Co., Ltd. entered into a binding sale agreement to acquire 10% stake in Bank of Hangzhou Co., Ltd. (SHSE:600926) from Commonwealth Bank of Australia (ASX:CBA) for approximately AUD 1.8 billion.

Commonwealth Bank of Australia (ASX:CBA) announces an Equity Buyback.

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

Commonwealth Bank of Australia Announces Ordinary Dividend for the Six Months Ended December 31, 2021, Payable on March 30, 2022

AREAP Core I Fund managed by Allianz Real Estate Asia Pacific and National Pension Service entered into definitive agreement to acquire a 50% stake in Marquee Commonwealth Bank Place Asset in Sydney from Commonwealth Bank of Australia (ASX:CBA) for approximately $445 million.

KKR & Co. Inc. (NYSE:KKR) acquired 55% stake in Colonial First State Investments Limited from Commonwealth Bank of Australia (ASX:CBA)

High number of new directors

Group Company Secretary Kara-Lyn Nicholls has left the company

High number of new directors

Full year 2021 earnings released: EPS AU$4.99 (vs AU$4.22 in FY 2020)

Hollard Holdings Australia Pty Ltd agreed to acquire Commonwealth Insurance Limited.

The Hollard Insurance Company Pty Ltd entered into an agreement to acquire CommInsure General Insurance Business from Commonwealth Bank of Australia (ASX:CBA) for AUD 630 million.

Race for CBA Insurance Unit Reportedly Nears Finish Line

CBA Reportedly Flagged to Join Bid for Property Exchange

CEO, MD & Executive Director recently sold CHF1.4m worth of stock

Commonwealth Bank of Australia Declares Dividend on CBAPD - CAP NOTE 3-BBSW+2.80% PERP NON-CUM RED T-12-22, for the Quarter Ending June 15, 2021, Payable on June 15, 2021

Commonwealth Bank of Australia Announces Dividend for the Period Ending June 15, 2021

New 90-day low: CHF53.18

Commonwealth Bank of Australia Appoints Peter Harmer as an Independent, Non-Executive Director, Effective March 1, 2021

Suncorp Reportedly Eyes More Insurance

Commonwealth Bank of Australia Appoints Carmel Mulhern as Company Secretary

Commonwealth Bank of Australia Acknowledges Proceedings Commenced by Australian Securities and Investments Commission

Commonwealth Bank Reportedly Pushes for Merger of Aussie and Lendi

AIA International Limited signed an agreement to acquire The Colonial Mutual Life Assurance Society Limited and ASB Group (Life) Ltd. from Commonwealth Bank of Australia (ASX:CBA) for AUD 3.7 billion.

New 90-day low: CHF53.18

Independent Chairman of the Board recently bought CHF56k worth of stock

Full year earnings released - EPS CHF4.22

Commonwealth Bank of Australia to Report First Half, 2021 Results on Feb 10, 2021

Commonwealth Bank of Australia (ASX:CBA) acquired an unknown minority stake in Slyp Pty Ltd.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts