Loading...

National Australia Bank

OTCPK:NAUB.F
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NAUB.F
OTCPK
A$69B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

National Australia Bank Limited provides financial services to individuals and businesses in Australia, New Zealand, Asia, the United States, and the United Kingdom. The last earnings update was 123 days ago. More info.


Add to Portfolio Compare Print
NAUB.F Share Price and Events
7 Day Returns
-0.4%
OTCPK:NAUB.F
2.9%
US Banks
1.6%
US Market
1 Year Returns
-19.7%
OTCPK:NAUB.F
-8.1%
US Banks
3.2%
US Market
NAUB.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
National Australia Bank (NAUB.F) -0.4% 2.7% 8.5% -19.7% -16.2% -40.7%
US Banks 2.9% 1.7% 15% -8.1% 50.7% 42.7%
US Market 1.6% 2.1% 12.8% 3.2% 38.6% 43.6%
1 Year Return vs Industry and Market
  • NAUB.F underperformed the Banks industry which returned -8.1% over the past year.
  • NAUB.F underperformed the Market in United States of America which returned 3.2% over the past year.
Price Volatility
NAUB.F
Industry
5yr Volatility vs Market

Value

 Is National Australia Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of National Australia Bank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for National Australia Bank.

OTCPK:NAUB.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 11 analysts.
= Stable Book Value * Return on Equity
= A$19.89 * 12.7%
A$2.52
Book Value of Equity per Share Weighted future Book Value estimates from 8 analysts. A$19.89
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:NAUB.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.641 (1 + (1- 30%) (415.88%))
2.01
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for OTCPK:NAUB.F using Excess Returns Model Model

The calculations below outline how an intrinsic value for National Australia Bank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:NAUB.F Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.7% – 14.65%) * A$19.89)
A$-0.39
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= A$-0.39 / (14.65% - 2.73%)
A$-3.30
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= A$19.89 + A$-3.30
A$16.59
OTCPK:NAUB.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:NAUB.F represents 0.71274x of ASX:NAB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.71274x
Value per Share
(Listing Adjusted, USD)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 16.59 x 0.71274
$11.83
Value per share (USD) From above. $11.83
Current discount Discount to share price of $17.79
= -1 x ($17.79 - $11.83) / $11.83
-50.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of National Australia Bank is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for National Australia Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are National Australia Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:NAUB.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in AUD A$2.16
ASX:NAB Share Price ** ASX (2019-03-14) in AUD A$24.96
United States of America Banks Industry PE Ratio Median Figure of 587 Publicly-Listed Banks Companies 13.41x
United States of America Market PE Ratio Median Figure of 3,056 Publicly-Listed Companies 17.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of National Australia Bank.

OTCPK:NAUB.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:NAB Share Price ÷ EPS (both in AUD)

= 24.96 ÷ 2.16

11.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • National Australia Bank is good value based on earnings compared to the US Banks industry average.
  • National Australia Bank is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does National Australia Bank's expected growth come at a high price?
Raw Data
OTCPK:NAUB.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
8.3%per year
United States of America Banks Industry PEG Ratio Median Figure of 260 Publicly-Listed Banks Companies 1.25x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

OTCPK:NAUB.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.58x ÷ 8.3%

1.4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • National Australia Bank is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on National Australia Bank's assets?
Raw Data
OTCPK:NAUB.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in AUD A$18.97
ASX:NAB Share Price * ASX (2019-03-14) in AUD A$24.96
United States of America Banks Industry PB Ratio Median Figure of 592 Publicly-Listed Banks Companies 1.26x
United States of America Market PB Ratio Median Figure of 5,154 Publicly-Listed Companies 1.89x
OTCPK:NAUB.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:NAB Share Price ÷ Book Value per Share (both in AUD)

= 24.96 ÷ 18.97

1.32x

* Primary Listing of National Australia Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • National Australia Bank is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess National Australia Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. National Australia Bank has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is National Australia Bank expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is National Australia Bank expected to grow at an attractive rate?
  • National Australia Bank's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • National Australia Bank's earnings growth is positive but not above the United States of America market average.
  • National Australia Bank's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:NAUB.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:NAUB.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 8.3%
OTCPK:NAUB.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 2.6%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 4.3%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:NAUB.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:NAUB.F Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-09-30
2022-09-30 21,018 1
2021-09-30 19,693 7,578 10
2020-09-30 19,146 7,183 11
2019-09-30 18,540 6,749 11
OTCPK:NAUB.F Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-09-30 18,310 -7,354 5,842
2018-06-30 18,251 -28,726 5,970
2018-03-31 18,182 -50,097 6,097
2017-12-31 17,687 -40,155 6,089
2017-09-30 17,200 -30,213 6,080
2017-06-30 16,974 -44,087 6,054
2017-03-31 16,857 -18,306 5,944
2016-12-31 17,079 -20,883 6,120
2016-09-30 17,301 -23,460 6,296
2016-06-30 17,396 6,423
2016-03-31 17,381 -1,338 6,632
2015-12-31 17,543 -6,050 6,605

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • National Australia Bank's earnings are expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).
  • National Australia Bank's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:NAUB.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from National Australia Bank Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:NAUB.F Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-09-30
2022-09-30
2021-09-30 2.60 2.68 2.46 3.00
2020-09-30 2.48 2.57 2.31 4.00
2019-09-30 2.36 2.42 2.21 4.00
OTCPK:NAUB.F Past Financials Data
Date (Data in AUD Millions) EPS *
2018-09-30 2.16
2018-06-30 2.21
2018-03-31 2.27
2017-12-31 2.28
2017-09-30 2.28
2017-06-30 2.28
2017-03-31 2.25
2016-12-31 2.34
2016-09-30 2.42
2016-06-30 2.50
2016-03-31 2.61
2015-12-31 2.65

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • National Australia Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess National Australia Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
National Australia Bank has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has National Australia Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare National Australia Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • National Australia Bank's year on year earnings growth rate has been positive over the past 5 years.
  • National Australia Bank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • National Australia Bank's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.
Earnings and Revenue History
National Australia Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from National Australia Bank Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:NAUB.F Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 18,310.00 5,842.00 7,225.00
2018-06-30 18,250.50 5,969.50 7,170.50
2018-03-31 18,182.00 6,097.00 7,116.00
2017-12-31 17,686.50 6,088.50 6,995.50
2017-09-30 17,200.00 6,080.00 6,875.00
2017-06-30 16,973.50 6,053.50 5,768.00
2017-03-31 16,857.00 5,944.00 6,241.00
2016-12-31 17,079.00 6,120.00 6,608.50
2016-09-30 17,301.00 6,296.00 6,976.00
2016-06-30 17,396.00 6,422.50 8,541.00
2016-03-31 17,381.00 6,632.00 8,526.00
2015-12-31 17,542.50 6,604.50 8,328.00
2015-09-30 17,704.00 6,577.00 8,130.00
2015-03-31 18,331.00 5,336.00 9,177.00
2014-12-31 18,170.00 5,162.50 9,555.00
2014-09-30 18,009.00 4,989.00 9,933.00
2014-06-30 17,832.00 5,324.50 9,446.50
2014-03-31 17,277.00 5,546.00 8,755.00
2013-12-31 16,827.00 5,343.00 8,518.00
2013-09-30 16,377.00 5,140.00 8,281.00
2013-06-30 15,751.50 4,700.50 8,389.00
2013-03-31 15,126.00 4,261.00 8,497.00
2012-12-31 15,059.00 4,049.00 8,482.00
2012-09-30 14,992.00 3,837.00 8,467.00
2012-06-30 15,183.50 4,213.00 8,360.50
2012-03-31 15,375.00 4,589.00 8,254.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • National Australia Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • National Australia Bank used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if National Australia Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess National Australia Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
National Australia Bank has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

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

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of National Australia Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from National Australia Bank Company Filings, last reported 5 months ago.

OTCPK:NAUB.F Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 52,712.00 287,879.00 166,473.00
2018-06-30 52,712.00 287,879.00 166,473.00
2018-03-31 52,401.00 231,456.00 161,266.00
2017-12-31 52,401.00 231,456.00 161,266.00
2017-09-30 51,317.00 264,949.00 174,108.00
2017-06-30 51,317.00 264,949.00 174,108.00
2017-03-31 50,856.00 215,269.00 174,757.00
2016-12-31 50,856.00 215,269.00 174,757.00
2016-09-30 51,315.00 277,607.00 183,701.00
2016-06-30 51,315.00 277,607.00 183,701.00
2016-03-31 50,082.00 240,829.00 173,657.00
2015-12-31 50,082.00 240,829.00 173,657.00
2015-09-30 55,513.00 327,762.00 229,721.00
2015-03-31 49,868.00 260,980.00 207,452.00
2014-12-31 49,868.00 260,980.00 207,452.00
2014-09-30 47,908.00 270,800.00 256,471.00
2014-06-30 47,908.00 270,800.00 256,471.00
2014-03-31 47,478.00 240,046.00 166,219.00
2013-12-31 47,478.00 240,046.00 166,219.00
2013-09-30 46,376.00 233,036.00 218,711.00
2013-06-30 46,376.00 233,036.00 218,711.00
2013-03-31 44,701.00 181,171.00 134,339.00
2012-12-31 44,701.00 181,171.00 134,339.00
2012-09-30 43,803.00 215,393.00 197,664.00
2012-06-30 43,803.00 215,393.00 197,664.00
2012-03-31 42,555.00 206,503.00 147,329.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • National Australia Bank has an acceptable proportion of non-loan assets held.
  • National Australia Bank's liabilities are made up of primarily low risk sources of funding.
  • National Australia Bank has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • National Australia Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • National Australia Bank has a sufficient allowance for bad loans.
  • National Australia Bank has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess National Australia Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. National Australia Bank has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is National Australia Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.93%
Current annual income from National Australia Bank dividends. Estimated to be 7.75% next year.
If you bought $2,000 of National Australia Bank shares you are expected to receive $159 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • National Australia Bank's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • National Australia Bank's dividend is above the markets top 25% of dividend payers in United States of America (3.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:NAUB.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 470 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:NAUB.F Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-09-30 1.95 2.00
2022-09-30 1.94 3.00
2021-09-30 1.94 13.00
2020-09-30 1.92 14.00
2019-09-30 1.93 14.00
OTCPK:NAUB.F Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2018-10-31 1.980 8.095
2018-05-02 1.980 7.235
2017-11-13 1.980 6.739
2017-11-01 1.980 6.298
2017-05-03 1.980 6.444
2016-11-02 1.980 6.422
2016-05-04 1.980 7.371
2015-10-28 1.980 7.215
2015-05-06 1.980 6.112
2014-12-08 1.980 5.469
2014-05-07 1.980 5.895
2013-10-30 1.940 5.635
2013-05-08 1.860 5.835
2012-10-19 1.800 6.544
2012-05-09 1.800 7.372
2011-10-27 1.760 7.328
2011-05-05 1.680 6.986
2010-10-27 1.560 6.239
2010-05-05 1.470 5.974
2009-10-28 1.460 5.359
2009-04-28 1.700 6.835
2009-03-20 1.940 9.069

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of National Australia Bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess National Australia Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can National Australia Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. National Australia Bank has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of National Australia Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Phil Chronican
COMPENSATION A$434,655
AGE 62
TENURE AS CEO 0 years
CEO Bio

Mr. Philip Wayne Chronican, also known as Phil, B.Com (Hons), MBA (Dist), GAICD, SF Fin, has been Group Chief Executive Officer at National Australia Bank Ltd. since March 1, 2019. He has been Chairman at New South Wales Treasury Corp. since June 2016. Mr. Chronican served as the Chief Executive Officer of Australia at Australia And New Zealand Banking Group Limited from November 2009 to April 2015. Mr. Chronican served as the Chief Executive Officer of Australia at Australia & New Zealand Banking Group Limited since November 30, 2009 until April 2, 2015 and served as its Member of Management Board until February 2015. Mr. Chronican served as the Managing Director of Commercial Banking for Australia at Australia & New Zealand Banking Group Limited (alternate name, ANZ Bank New Zealand Limited). He serves as the Segment Leader at ANZ's retail businesses globally. He served as Group Executive of Westpac Institutional Bank at Westpac Banking Corporation from December 2005 to July 2, 2009. He served as the Chief Financial Officer of Westpac Banking Corporation since February 2001 and its Head of Institutional Bank since September 2005 and Head of Institutional Arm since November 2008. He was responsible for Westpac's relationships with corporate, institutional and government clients in Australia and worldwide, as well as the business areas of financial markets, debt capital markets, specialised capital, structured investments and transactional banking. He has geographic responsibility for Westpac's Asian and Pacific Island business. He has broad experience in M&A activity and post merger integration. He was with Westpac Banking Corp. for 20 years in a variety of positions in Australia and in New Zealand since 1982. In addition, he has taken an active and public role in advocating for greater transparency and ethics in banking and promoting workforce diversity. He was responsible for Westpac's finance, tax, treasury, risk management, legal, strategy and investor relations functions at Westpac Banking. Mr. Chronican served as a Deputy Chief Financial Officer and held business group Chief Financial Officer roles in both retail and institutional banking. He has experience in Banking and finance industry for 35 years. He has been an Independent Non-Executive Director of National Australia Bank Limited since May 2, 2016. He was a Non-Executive Director of Bank of New Zealand since October 3, 2016 until 2019. He served as a Director of New South Wales Treasury Corp. from November 1, 2009 to October 31, 2015. He is the Chairman of NSW Treasury Corporation, Banking + Finance Oath and the Juvenile Diabetes Research Foundation. He serves as Director at Chronican Superannuation Fund No 2, Pty Limited. Mr. Chronican holds Bachelor of Commerce from University of Otago in New Zealand and Master of Business Administration from International Management Institute, Geneva.

CEO Compensation
  • Phil's compensation has been consistent with company performance over the past year.
  • Phil's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the National Australia Bank management team in years:

1.9
Average Tenure
  • The average tenure for the National Australia Bank management team is less than 2 years, this suggests a new team.
Management Team

Phil Chronican

TITLE
Group CEO & Director
COMPENSATION
A$435K
AGE
62

Gary Lennon

TITLE
Chief Financial Officer
COMPENSATION
A$2M
TENURE
3 yrs

Patrick Wright

TITLE
Chief Technology & Operations Officer
COMPENSATION
A$4M
AGE
51

Sharon Cook

TITLE
Chief Legal & Commercial Counsel
COMPENSATION
A$1M
TENURE
1.9 yrs

Lorraine Murphy

TITLE
Chief People Officer
COMPENSATION
A$2M
TENURE
2.6 yrs

A. Gall

TITLE
Chief Customer Officer of Corporate & Institutional Banking
COMPENSATION
A$2M
TENURE
4.6 yrs

Anthony Healy

TITLE
Chief Customer Officer of Business & Private Banking
COMPENSATION
A$3M
TENURE
1.2 yrs

Mike Baird

TITLE
Chief Customer Officer of Consumer Banking
COMPENSATION
A$2M
TENURE
1.9 yrs

Rachel Slade

TITLE
Chief Customer Experience Officer
COMPENSATION
A$623K
TENURE
0.4 yrs

Angie Mentis

TITLE
MD & CEO of Bank of New Zealand
COMPENSATION
A$4M
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the National Australia Bank board of directors in years:

3.3
Average Tenure
60
Average Age
  • The tenure for the National Australia Bank board of directors is about average.
Board of Directors

Ken Henry

TITLE
Chairman of the Board
COMPENSATION
A$790K
AGE
60
TENURE
3.3 yrs

Andrej Korinšek

TITLE
President of Supervisory Board

Phil Chronican

TITLE
Group CEO & Director
COMPENSATION
A$435K
AGE
62
TENURE
2.8 yrs

David Armstrong

TITLE
Non Executive Director
COMPENSATION
A$325K
AGE
60
TENURE
4.6 yrs

Anne Loveridge

TITLE
Non Executive Director
COMPENSATION
A$295K
AGE
57
TENURE
3.3 yrs

Anthony Yuen

TITLE
Director
COMPENSATION
A$293K
AGE
68
TENURE
9 yrs

Geraldine McBride

TITLE
Non Executive Director
COMPENSATION
A$263K
AGE
57
TENURE
5 yrs

Peeyush Kumar Gupta

TITLE
Non-Executive Director
COMPENSATION
A$679K
AGE
59
TENURE
4.3 yrs

Doug McKay

TITLE
Non-Executive Director
COMPENSATION
A$502K
AGE
63
TENURE
3.1 yrs

Ann Sherry

TITLE
Non-Executive Director
COMPENSATION
A$231K
AGE
64
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
16. Oct 18 Sell Ann Sherry Individual 10. Oct 18 10. Oct 18 -375 $18.94 $-7,104
23. Jul 18 Sell The Vanguard Group, Inc. Company 20. Mar 18 18. Jul 18 -925,050 $21.59 $-19,972,131
23. Jul 18 Buy The Vanguard Group, Inc. Company 19. Mar 18 19. Jul 18 5,999,911 $21.68 $130,036,046
X
Management checks
We assess National Australia Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. National Australia Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

National Australia Bank Limited provides financial services to individuals and businesses in Australia, New Zealand, Asia, the United States, and the United Kingdom. It operates through Consumer Banking and Wealth, Business and Private Banking, Corporate and Institutional Banking, and New Zealand Banking segments. The company accepts transaction accounts, savings accounts, term deposits, and deposit accounts; and specialized accounts, such as foreign currency, business interest, statutory trust, community free saver, and farm management accounts. It also provides home loans; personal loans; agribusiness loans; business market and option loans; agribusiness loans; equipment and vehicle loans; debtor, invoice, and trade finance; and documentary trade, as well as business overdrafts and bank guarantees. In addition, the company offers insurance products consisting of car, home and content, landlord, travel, life, and injury insurance products; and pension, superannuation, self-managed super funds, and financial planning and advisory services. Further, it provides investment products; credit, debit, and business cards; payments and merchant services; travel services; online banking services; small business services; and international and foreign exchange solutions. As of September 30, 2017, the company operated through a network of 719 branches and business banking centers, and 2,695 ATMs. National Australia Bank Limited was founded in 1834 and is based in Docklands, Australia.

Details
Name: National Australia Bank Limited
NAUB.F
Exchange: OTCPK
Founded: 1834
A$49,135,585,988
2,773,325,863
Website: http://www.nab.com.au
Address: National Australia Bank Limited
800 Bourke Street,
Level 1,
Docklands,
Victoria, 3008,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX NAB Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
OTCPK NAUB.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB NAL Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
OTCPK NABZ.Y SPONS ADR EACH CNV INTO 5 NPV Pink Sheets LLC US USD 15. Feb 1985
ASX NABPA PREF AUD CPS Australian Securities Exchange AU AUD 21. Mar 2013
ASX NABPB PERP NON CUM CNV PRF SHS (NAB CPS II) Australian Securities Exchange AU AUD 18. Dec 2013
ASX NABPD FRN CNV PERP AUD1000 'REGS' Australian Securities Exchange AU AUD 02. Jun 2017
Number of employees
Current staff
Staff numbers
33,283
National Australia Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 23:50
End of day share price update: 2019/03/14 00:00
Last estimates confirmation: 2019/03/15
Last earnings filing: 2018/11/16
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.