Westpac Banking Corporation is part of the financial services sector and is part of the banking industry. The company CEO is Brian Hartzer. Westpac Banking Corp is engaged in providing banking and financial services. It offers various services such as lending, deposit, payments service, investment portfolio management, superannuation and funds management, insurance services and others.



Previous Intraday Performance:

The WBK shares had a previous change of -1.05% which opened at 18.83 and closed at 18.83. It moved to an intraday high of 18.87 and a low of 18.81.

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Historical Performance:

Over the last five trading days, WBK shares returned -0.69% and in the past 30 trading days it returned 5.49%. Over three months, it changed 3.86%. In one year it has changed -15.06% and within that year its 52-week high was 23.37 and its 52-week low was 16.41. WBK stock is 14.75% above its 52 Week Low.

Our calculations result in a 200 day moving average of 19.35 and a 50 day moving average of 18.65. Right now, WBK stock is trading -2.68% below its 200 day moving average and may be a great opportunity to buy, but should check other technical indicators to confirm a buy signal.

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Liquidity:

The company has a market cap of $64.6b with 3.4b shares outstanding and a float of 3.4b shares. Trading volume was 279,809 shares and has experienced an average volume of 312,223 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.

Earnings:

The last annual reported EPS for Westpac Banking Corporation was 1.66 which ended on 30th of September 2018, which according to the previous close, that is a PE of 11.34.

Below was the last reported quarterly earnings per share:
09-30-2018:  0.00 (estimated)
09-30-2017:  0.00
03-31-2017:  0.00
09-30-2016:  0.00

The dividend per share is currently 1.34, which is a dividend yield of 7.09%. WBK stock may not have sufficient earnings to cover future dividends and still be able to invest in and grow the business, therefore in the future the dividend may be reduced.

Base on our calculations, the intrinsic value per share is 15.29, which means it might overvalued by -23.13%



The next earnings report will be: 03-22-2019

The growth of the EPS is critical in understanding the current valuation of Westpac Banking Corporation; the EPS growth rate, as it is usually called, is typically displayed as a percentage, which is 2.00%.

Indicators Also to Watch:

Based on the latest filings, there is 0.80% of institutional ownership. Short-interest was 1,436,852, which was 0.04% of shares outstanding. The short-interest ratio or days-to-cover ratio was 4.08. This stock has some short interest, but it might be normal and no need to worry if long the position.

I calculated the beta to be 1.07

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Fundamental Numbers:

Based on last reported financials, the company’s return on equity is 12.34%, return on assets is 0.90%, profit margin is 21.19%, price-to-sales is 2.36 and price-to-book is 1.43.

Company Score Card:

Results are out of six:
 0  : Growth Expectations Result
 5  : Financial Safety Result
 1  : Past Performance Result
 2  : Valuation Result
 6  : Dividend Safety Result
 2  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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