OTCPK:BKQN.Y

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Bank of Queensland Limited, together with its subsidiaries, provides various financial products and services in Australia. More Details


Snowflake Analysis

Flawless balance sheet second-rate dividend payer.


Similar Companies

Share Price & News

How has Bank of Queensland's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BKQN.Y has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.8%

BKQN.Y

0.3%

US Banks

-1.4%

US Market


1 Year Return

-24.1%

BKQN.Y

-28.7%

US Banks

17.8%

US Market

Return vs Industry: BKQN.Y exceeded the US Banks industry which returned -28.5% over the past year.

Return vs Market: BKQN.Y underperformed the US Market which returned 18.5% over the past year.


Shareholder returns

BKQN.YIndustryMarket
7 Day-0.8%0.3%-1.4%
30 Day3.2%5.8%4.7%
90 Day11.1%-0.5%8.2%
1 Year-21.8%-24.1%-26.1%-28.7%20.5%17.8%
3 Year-45.9%-54.0%-19.3%-26.0%42.2%32.7%
5 Year-34.2%-48.6%14.8%0.6%83.4%62.7%

Price Volatility Vs. Market

How volatile is Bank of Queensland's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Bank of Queensland undervalued compared to its fair value and its price relative to the market?

25.84x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BKQN.Y ($9.43) is trading above our estimate of fair value ($7.43)

Significantly Below Fair Value: BKQN.Y is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BKQN.Y is poor value based on its PE Ratio (25.8x) compared to the US Banks industry average (10x).

PE vs Market: BKQN.Y is poor value based on its PE Ratio (25.8x) compared to the US market (19x).


Price to Earnings Growth Ratio

PEG Ratio: BKQN.Y is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: BKQN.Y's PB Ratio (0.7x) is in line with the US Banks industry average.


Next Steps

Future Growth

How is Bank of Queensland forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

20.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BKQN.Y's forecast earnings growth (20.8% per year) is above the savings rate (2.2%).

Earnings vs Market: BKQN.Y's earnings (20.8% per year) are forecast to grow slower than the US market (22.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BKQN.Y's revenue (5.6% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: BKQN.Y's revenue (5.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BKQN.Y's Return on Equity is forecast to be low in 3 years time (6.6%).


Next Steps

Past Performance

How has Bank of Queensland performed over the past 5 years?

-8.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BKQN.Y has high quality earnings.

Growing Profit Margin: BKQN.Y's current net profit margins (12.4%) are lower than last year (29%).


Past Earnings Growth Analysis

Earnings Trend: BKQN.Y's earnings have declined by 8.7% per year over the past 5 years.

Accelerating Growth: BKQN.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BKQN.Y had negative earnings growth (-61.4%) over the past year, making it difficult to compare to the Banks industry average (-3%).


Return on Equity

High ROE: BKQN.Y's Return on Equity (2.7%) is considered low.


Next Steps

Financial Health

How is Bank of Queensland's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BKQN.Y's Assets to Equity ratio (13.4x) is moderate.

Allowance for Bad Loans: BKQN.Y has a sufficient allowance for bad loans (189%).

Low Risk Liabilities: 75% of BKQN.Y's liabilities are made up of primarily low risk sources of funding.

Loan Level: BKQN.Y has an appropriate level of Loans to Assets ratio (82%).

Low Risk Deposits: BKQN.Y's Loans to Deposits ratio (118%) is appropriate.

Level of Bad Loans: BKQN.Y has an appropriate level of bad loans (0.4%).


Next Steps

Dividend

What is Bank of Queensland current dividend yield, its reliability and sustainability?

1.78%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BKQN.Y's dividend (1.78%) is higher than the bottom 25% of dividend payers in the US market (1.64%).

High Dividend: BKQN.Y's dividend (1.78%) is low compared to the top 25% of dividend payers in the US market (4.68%).


Stability and Growth of Payments

Stable Dividend: BKQN.Y's dividend payments have been volatile in the past 10 years.

Growing Dividend: BKQN.Y's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46%), BKQN.Y's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BKQN.Y's dividends in 3 years are forecast to be covered by earnings (68.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average management tenure


CEO

George Frazis (56 yo)

1.08yrs

Tenure

AU$1,654,945

Compensation

Mr. George Frazis, B.Eng. (Hons), M.B.A. (AGSM) M.B.A. (Wharton), serves as the Managing Director, Chief Executive Officer & Executive Director of Bank of Queensland Ltd. since September 5, 2019, when he j ...


CEO Compensation Analysis

Compensation vs Market: George's total compensation ($USD1.18M) is below average for companies of similar size in the US market ($USD4.48M).

Compensation vs Earnings: Insufficient data to compare George's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
George Frazis
MD, CEO & Executive Director1.08yrsAU$1.65m0.011%
A$ 239.9k
Ewen Stafford
CFO & COO0.92yrAU$762.07kno data
Craig Ryman
Chief Information Officer0.25yrAU$115.73kno data
Debra Eckersley
Group Executive of People & Culture2.08yrsAU$742.09kno data
Adam McAnalen
Chief Risk Officer1.33yrsAU$909.07k0.0096%
A$ 209.2k
Fiamma Morton
GM & Group Executive of BOQ Business0.33yrAU$214.50kno data
Cherie Bell
General Manager of Investor Relationsno datano datano data
James Shaw
Head of Fundingno datano datano data
Tracy Hicks
Head of Corporate Affairsno datano datano data
Natasha Kelso
Head of BOQ Broker2.33yrsno datano data
Racheal Kellaway
Deputy CFO0.92yrno datano data
Hugh Lander
Chief Executive Officer of BOQ Specialistno datano datano data

1.0yrs

Average Tenure

Experienced Management: BKQN.Y's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
George Frazis
MD, CEO & Executive Director1.08yrsAU$1.65m0.011%
A$ 239.9k
Patrick Allaway
Non-Executive Independent Chairman1yrAU$393.95k0.031%
A$ 684.7k
Warwick Negus
Non-Executive Independent Director4.08yrsAU$230.31k0.011%
A$ 248.8k
Karen Lee Penrose
Non-Executive Independent Director4.92yrsAU$310.44k0.0044%
A$ 95.1k
John Lorimer
Non-Executive Independent Director4.75yrsAU$216.31k0.0047%
A$ 101.4k
Michelle Tredenick
Non-Executive Independent Director9.67yrsAU$255.90k0.0044%
A$ 94.9k
Bruce Carter
Non-Executive Independent Director6.67yrsAU$266.12k0.017%
A$ 362.8k
Kathleen Bailey-Lord
Non-Executive Independent Director1.42yrsAU$210.83k0.0031%
A$ 66.6k

4.4yrs

Average Tenure

59.5yo

Average Age

Experienced Board: BKQN.Y's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12%.


Top Shareholders

Company Information

Bank of Queensland Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bank of Queensland Limited
  • Ticker: BKQN.Y
  • Exchange: OTCPK
  • Founded: 1874
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: AU$3.058b
  • Listing Market Cap: AU$2.177b
  • Shares outstanding: 453.70m
  • Website: https://www.boq.com.au

Number of Employees


Location

  • Bank of Queensland Limited
  • 100 Skyring Terrace
  • Level 6
  • Newstead
  • Queensland
  • 4006
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BOQASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
BKQN.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
BXZDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
BOQCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992
BKQN.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDNov 2008
BOQPDASX (Australian Securities Exchange)NPV PERP EQTY PRF (CPS)AUAUDDec 2012

Biography

Bank of Queensland Limited, together with its subsidiaries, provides various financial products and services in Australia. The company operates in Retail Banking, BOQ Business, and Other segments. It offer ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/22 00:10
End of Day Share Price2020/10/20 00:00
Earnings2020/08/31
Annual Earnings2020/08/31


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.