Bank of Queensland Limited

DB:BXZ Stock Report

Market Cap: €2.7b

Bank of Queensland Valuation

Is BXZ 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 BXZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BXZ (€4) is trading below our estimate of fair value (€6.68)

Significantly Below Fair Value: BXZ is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BXZ. This is calculated by dividing BXZ's market cap by their current earnings.
What is BXZ's PE Ratio?
PE Ratio15.5x
EarningsAU$284.00m
Market CapAU$4.41b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BXZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.6x
CBK Commerzbank
8.7x8.9%€18.6b
PCZ ProCredit Holding
4.3x12.2%€444.1m
CVBF CVB Financial
15x3.8%US$3.0b
WAFD WaFd
14.2x21.0%US$2.6b
BXZ Bank of Queensland
15.5x10.8%€4.4b

Price-To-Earnings vs Peers: BXZ is expensive based on its Price-To-Earnings Ratio (15.5x) compared to the peer average (10.6x).

Price to Earnings Ratio vs Industry

How does BXZ's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BXZ 15.5xIndustry Avg. 7.8xNo. of Companies42PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BXZ is expensive based on its Price-To-Earnings Ratio (15.5x) compared to the European Banks industry average (7.8x).

Price to Earnings Ratio vs Fair Ratio

What is BXZ'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.

BXZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.5x
Fair PE Ratio10.5x

Price-To-Earnings vs Fair Ratio: BXZ is expensive based on its Price-To-Earnings Ratio (15.5x) compared to the estimated Fair Price-To-Earnings Ratio (10.5x).

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 BXZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€4.00
€3.60
-9.9%
14.3%€4.55€2.42n/a13
Dec ’25€4.20
€3.59
-14.6%
14.4%€4.60€2.45n/a13
Nov ’25€3.84
€3.65
-4.9%
14.3%€4.63€2.47n/a14
Oct ’25€3.80
€3.31
-12.8%
16.3%€4.55€2.43n/a15
Sep ’25€3.82
€3.31
-13.3%
16.3%€4.55€2.43n/a15
Aug ’25€3.76
€3.27
-13.0%
15.5%€4.56€2.43n/a15
Jul ’25€3.62
€3.27
-9.7%
15.5%€4.56€2.43n/a15
Jun ’25€3.50
€3.27
-6.6%
15.5%€4.56€2.43n/a15
May ’25€3.70
€3.27
-11.6%
15.5%€4.56€2.43n/a15
Apr ’25€3.76
€3.16
-16.0%
16.4%€4.82€2.41n/a14
Mar ’25€3.50
€3.18
-9.3%
16.4%€4.85€2.43n/a14
Feb ’25€3.54
€3.15
-11.0%
16.3%€4.83€2.42n/a14
Jan ’25€3.70
€3.16
-14.5%
16.1%€4.86€2.43€3.9614
Dec ’24€3.32
€3.32
-0.008%
24.2%€5.71€2.41€4.2015
Nov ’24€3.04
€3.32
+9.4%
24.1%€5.70€2.41€3.8415
Oct ’24€3.50
€3.63
+3.8%
21.3%€5.76€2.92€3.8015
Sep ’24€3.40
€3.62
+6.4%
20.3%€5.64€2.86€3.8215
Aug ’24€3.62
€3.69
+1.9%
19.6%€5.70€3.01€3.7615
Jul ’24€3.34
€3.78
+13.1%
18.8%€5.78€3.05€3.6216
Jun ’24€3.32
€3.84
+15.6%
17.7%€5.79€3.30€3.5016
May ’24€3.50
€3.95
+12.9%
15.8%€5.72€3.26€3.7016
Apr ’24€3.98
€4.60
+15.5%
17.3%€6.77€3.32€3.7615
Mar ’24€4.38
€4.97
+13.5%
15.0%€7.08€3.48€3.5015
Feb ’24€4.52
€5.14
+13.6%
14.8%€7.14€3.83€3.5415
Jan ’24€4.36
€5.07
+16.3%
14.3%€6.94€3.72€3.7015

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 Analysis2025/01/05 12:28
End of Day Share Price 2025/01/03 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 29 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
Craig StaffordBarrenjoey Markets Pty Limited
Jonathan MottBarrenjoey Markets Pty Limited