How does NAL0's PE Ratio compare to its peers?

NAL0 is expensive based on its Price-To-Earnings Ratio (16.5x) compared to the peer average (6x).

How does NAL0's PE Ratio compare vs other companies in the European Banks Industry?

NAL0 is expensive based on its Price-To-Earnings Ratio (16.5x) compared to the European Banks industry average (7.6x).

What is NAL0'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.

Insufficient data to calculate NAL0's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of NAL0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

NAL0 (€11) is trading below our estimate of [[fair value]] (€14.33)

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

Insufficient data to show price forecast.

NAL0 Stock Overview

Provides financial services to individuals and businesses in Australia, New Zealand, Europe, Asia, the United States, and internationally. More details

NAL0 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	2/6
Financial Health	5/6
Dividends	3/6

Rewards

Trading at 23.2% below our estimate of its fair value

Earnings are forecast to grow 2.29% per year

Risk Analysis

Shares are highly illiquid

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

National Australia Bank Limited Competitors

Commerzbank

XTRA:CBK

€18.5b

ProCredit Holding

XTRA:PCZ

€464.1m

Postal Savings Bank of China

SEHK:1658

HK$555.9b

Banco Santander

BME:SAN

€68.4b

Price History & Performance

Summary of share price highs, lows and changes for National Australia Bank
Historical stock prices
Current Share Price	AU$11.00
52 Week High	AU$11.60
52 Week Low	AU$10.80
Beta	0.89
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-5.17%

Recent updates

Shareholder Returns

	NAL0	DE Banks	DE Market
7D	0.9%	-0.6%	-1.1%
1Y	n/a	20.7%	8.1%

Return vs Industry: Insufficient data to determine how NAL0 performed against the German Banks industry.

Return vs Market: Insufficient data to determine how NAL0 performed against the German Market.

Price Volatility

Is NAL0's price volatile compared to industry and market?
NAL0 volatility
NAL0 Average Weekly Movement	n/a
Banks Industry Average Movement	3.0%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.8%
10% least volatile stocks in DE Market	2.5%

Stable Share Price: NAL0's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: Insufficient data to determine NAL0's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1834	39,240	Andrew Irvine	www.nab.com.au

National Australia Bank Limited provides financial services to individuals and businesses in Australia, New Zealand, Europe, Asia, the United States, and internationally. The company operates through Business and Private Banking; Personal Banking; Corporate and Institutional Banking; New Zealand Banking; and Corporate Functions and Other segments. It accepts transaction accounts, savings accounts, debit cards, and term deposits; and specialized accounts, such as foreign currency, business interest, cash maximiser, farm management, community free saver, statutory trust, and project bank accounts, as well as farm management deposits.

National Australia Bank Limited Fundamentals Summary

How do National Australia Bank's earnings and revenue compare to its market cap?
NAL0 fundamental statistics
Market cap	€69.95b
Earnings (TTM)	€4.24b
Revenue (TTM)	€11.96b

16.5x

P/E Ratio

1.9x

P/B Ratio

Is NAL0 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NAL0 income statement (TTM)
Revenue	AU$19.91b
Cost of Revenue	AU$0
Gross Profit	AU$19.91b
Other Expenses	AU$12.84b
Earnings	AU$7.06b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

May 07, 2025

Earnings per share (EPS)	2.30
Gross Margin	100.00%
Net Profit Margin	35.48%
Debt/Equity Ratio	499.0%

How did NAL0 perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

74%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/18 03:35
End of Day Share Price	2024/12/18 00:00
Earnings	2024/09/30
Annual Earnings	2024/09/30

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

National Australia Bank Limited is covered by 34 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Brett Le Mesurier	Axiome Equities
Russell Wright	Barclay Pearce Capital Pty Limited
Craig Stafford	Barrenjoey Markets Pty Limited

National Australia Bank DB:NAL0 Stock Report