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Westpac Banking Corporation WBC.AX

AU · Australian Securities Exchange · XASX · stock · Financial Services · website

Westpac Banking Corporation statistics & valuation

Market capA$121.3B
P / E17.4×
P / S5.6×
P / B1.7×
Net margin32.4%
FCF margin-96.3%
Net debtA$140.9B
Enterprise value USD$185.8B
Graham number -15.7%A$30.09

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (A$30.09); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
26.00% 27.90% 33.70% 32.40% 2021202220232024
Gross margin (%)
2021202220232024
Operating margin (%)
2021202220232024
Return on equity (%)
7.60% 8.10% 9.90% 9.70% 2021202220232024
Shares outstanding
3.41B 3.41B 3.41B 3.41B 2021202220232024
Net debt (A$)
A$85.93B A$70.39B A$86.77B A$140.90B 2021202220232024
Share buybacks (A$)
A$43.0M A$3.55B A$47.0M A$1.87B 2021202220232024
Return on assets (%)
0.60% 0.60% 0.70% 0.60% 2021202220232024
Free cash flow margin (%)
235.20% 76.80% -57.00% -96.30% 2021202220232024
Debt / equity (×)
2.19× 2.50× 2.62× 2.89× 2021202220232024
EPS (A$)
A$1.38 A$1.52 A$1.95 A$1.92 2021202220232024

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Westpac Banking Corporation trades at about 18.6× earnings — above its 10-year norm (10-year range 10.6×–18.6×, median 16.8×).

10.6× 18.6×

Shaded band = 10-year range (10.6×–18.6×); dot = today's 18.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2024FY2023FY2022FY2021
Net margin32.4%33.7%27.9%26.0%
FCF margin-96.3%-57.0%76.8%235.2%
Return on assets0.6%0.7%0.6%0.6%
Return on equity9.7%9.9%8.1%7.6%
Debt / equity2.56×2.30×2.08×1.92×

Computed from company filings · AU · as of 2024-09-30. Figures in AUD. Facts plus Stocktoria's own computed scores — not investment advice.