Westpac Banking Corporation

The principal activities of the Group are the provision of financial services including lending, deposit taking, payments services, investment platforms, superannuation and funds management, insurance services, leasing finance, general finance, interest rate risk management, and foreign exchange services.

Australia Stock Exchange: WBC

Profit or Loss

($) 30 Sep 2021 30 Sep 2020 30 Sep 2019 30 Sep 2018 30 Sep 2017 30 Sep 2016 30 Sep 2015 30 Sep 2014 30 Sep 2013 30 Sep 2012
Revenue 22,278,000,000 27,047,000,000 33,222,000,000 32,571,000,000 31,232,000,000 31,822,000,000 32,295,000,000 32,248,000,000 33,009,000,000 36,873,000,000
Cost of Goods Sold -5,420,000,000 -10,351,000,000 -16,315,000,000 -16,066,000,000 -15,716,000,000 -16,674,000,000 -18,028,000,000 -18,706,000,000 -20,144,000,000 -24,371,000,000
Gross Profit 16,858,000,000 16,696,000,000 16,907,000,000 16,505,000,000 15,516,000,000 15,148,000,000 14,267,000,000 13,542,000,000 12,865,000,000 12,502,000,000
Operating Costs -8,947,000,000 -9,252,000,000 -6,364,000,000 -4,064,000,000 -3,148,000,000 -3,380,000,000 -2,098,000,000 -2,152,000,000 -2,153,000,000 -2,428,000,000
Operating Profit 7,911,000,000 7,444,000,000 10,543,000,000 12,441,000,000 12,368,000,000 11,768,000,000 12,169,000,000 11,390,000,000 10,712,000,000 10,074,000,000
Financing Costs 590,000,000 -3,178,000,000 -794,000,000 -710,000,000 -853,000,000 -1,124,000,000 -753,000,000 -650,000,000 -847,000,000 -1,212,000,000
Profit Before Tax 8,501,000,000 4,266,000,000 9,749,000,000 11,731,000,000 11,515,000,000 10,644,000,000 11,416,000,000 10,740,000,000 9,865,000,000 8,862,000,000
Income Tax -3,038,000,000 -1,974,000,000 -2,959,000,000 -3,632,000,000 -3,518,000,000 -3,184,000,000 -3,348,000,000 -3,115,000,000 -2,975,000,000 -2,826,000,000
Profit 5,463,000,000 2,292,000,000 6,790,000,000 8,099,000,000 7,997,000,000 7,460,000,000 8,068,000,000 7,625,000,000 6,890,000,000 6,036,000,000

Balance Sheet

($) 30 Sep 2021 30 Sep 2020 30 Sep 2019 30 Sep 2018 30 Sep 2017 30 Sep 2016 30 Sep 2015 30 Sep 2014 30 Sep 2013 30 Sep 2012
Current Assets 935,877,000,000 911,946,000,000 906,626,000,000 879,592,000,000 851,875,000,000 839,202,000,000 812,156,000,000 770,842,000,000 696,603,000,000 674,965,000,000
Non-Current Assets 0 0 0 0 0 0 0 0 0 0
Total Assets 935,877,000,000 911,946,000,000 906,626,000,000 879,592,000,000 851,875,000,000 839,202,000,000 812,156,000,000 770,842,000,000 696,603,000,000 674,965,000,000
Current Liabilities 863,785,000,000 819,923,000,000 841,119,000,000 815,019,000,000 790,533,000,000 781,021,000,000 758,241,000,000 721,505,000,000 649,122,000,000 628,746,000,000
Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0
Total Liabilities 863,785,000,000 819,923,000,000 841,119,000,000 815,019,000,000 790,533,000,000 781,021,000,000 758,241,000,000 721,505,000,000 649,122,000,000 628,746,000,000
Total Equity 72,092,000,000 92,023,000,000 65,507,000,000 64,573,000,000 61,342,000,000 58,181,000,000 53,915,000,000 49,337,000,000 47,481,000,000 46,219,000,000

Cash Flow

($) 30 Sep 2021 30 Sep 2020 30 Sep 2019 30 Sep 2018 30 Sep 2017 30 Sep 2016 30 Sep 2015 30 Sep 2014 30 Sep 2013 30 Sep 2012
Cash Flow from Operating Activities 50,410,000,000 58,651,000,000 7,104,000,000 19,802,000,000 2,820,000,000 5,497,000,000 -541,000,000 28,371,000,000 25,580,000,000 18,484,000,000
Cash Flow from Investing Activities 5,623,000,000 -19,477,000,000 -10,769,000,000 -1,620,000,000 -1,698,000,000 -7,245,000,000 -18,715,000,000 -14,581,000,000 -7,794,000,000 -27,688,000,000
Cash Flow from Financing Activities -15,100,000,000 -28,803,000,000 -3,633,000,000 -11,092,000,000 552,000,000 4,573,000,000 5,513,000,000 -966,000,000 -20,285,000,000 5,935,000,000
Net Change in Cash 40,933,000,000 10,371,000,000 -7,298,000,000 7,090,000,000 1,674,000,000 2,825,000,000 -13,743,000,000 12,824,000,000 -2,499,000,000 -3,269,000,000
Cash at Beginning 30,122,000,000 20,059,000,000 26,788,000,000 18,397,000,000 17,015,000,000 14,770,000,000 25,760,000,000 11,699,000,000 12,523,000,000 16,258,000,000
Exchange Fluctuations 298,000,000 -301,000,000 569,000,000 944,000,000 -292,000,000 -580,000,000 2,753,000,000 1,237,000,000 1,675,000,000 -466,000,000
Cash at End of Period 71,353,000,000 30,129,000,000 20,059,000,000 26,431,000,000 18,397,000,000 17,015,000,000 14,770,000,000 25,760,000,000 11,699,000,000 12,523,000,000

Profitability

  30 Sep 2021 30 Sep 2020 30 Sep 2019 30 Sep 2018 30 Sep 2017 30 Sep 2016 30 Sep 2015 30 Sep 2014 30 Sep 2013 30 Sep 2012
Gross Margin 75.7% 61.7% 50.9% 50.7% 49.7% 47.6% 44.2% 42.0% 39.0% 33.9%
Operating Margin 35.5% 27.5% 31.7% 38.2% 39.6% 37.0% 37.7% 35.3% 32.5% 27.3%
Profit Margin 24.5% 8.5% 20.4% 24.9% 25.6% 23.4% 25.0% 23.6% 20.9% 16.4%

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Management Effectiveness

  30 Sep 2021 30 Sep 2020 30 Sep 2019 30 Sep 2018 30 Sep 2017 30 Sep 2016 30 Sep 2015 30 Sep 2014 30 Sep 2013 30 Sep 2012
Return on Assets 0.6% 0.3% 0.7% 0.9% 0.9% 0.9% 1.0% 1.0% 1.0% 0.9%
Return on Equity 7.6% 2.5% 10.4% 12.5% 13.0% 12.8% 15.0% 15.5% 14.5% 13.1%
Current Ratio 1.08 1.11 1.08 1.08 1.08 1.07 1.07 1.07 1.07 1.07
Debt to Equity Ratio 11.98 8.91 12.84 12.62 12.89 13.42 14.06 14.62 13.67 13.60

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Valuation

  30 Sep 2021 30 Sep 2020 30 Sep 2019 30 Sep 2018 30 Sep 2017 30 Sep 2016 30 Sep 2015 30 Sep 2014 30 Sep 2013 30 Sep 2012
Share Price ($) 26.00 16.84 29.64 27.93 31.92 29.51 29.50 31.92 32.51 24.68
Shares on Issue 3,668,591,808 3,611,684,870 3,434,796,711 3,434,796,711 3,394,364,279 3,346,166,853 3,183,907,786 3,109,048,309 3,109,048,309 3,080,192,894
Market Capitalisation ($) 95,383,387,008 60,820,773,211 101,807,374,514 95,933,872,138 108,348,107,786 98,745,383,832 93,925,279,687 99,240,822,023 101,075,160,526 76,019,160,624
Revenue per Share ($) 6.07 7.49 9.67 9.48 9.20 9.51 10.14 10.37 10.62 11.97
Earnings per Share ($) 1.49 0.63 1.98 2.36 2.36 2.23 2.53 2.45 2.22 1.96
Dividend per Share ($) 0.78 0.70 1.45 1.68 -0.09 1.61 1.36 1.88 1.62 -1.31
Dividend Yield 3.0% 4.1% 4.9% 6.0% -0.3% 5.5% 4.6% 5.9% 5.0% -5.3%
Price to Sales Ratio 4.3 2.2 3.1 2.9 3.5 3.1 2.9 3.1 3.1 2.1
Price to Earnings Ratio 17.5 26.5 15.0 11.8 13.5 13.2 11.6 13.0 14.7 12.6
Price to Book Ratio 1.3 0.7 1.6 1.5 1.8 1.7 1.7 2.0 2.1 1.6

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