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Westpac Banking Corp
Buy, Hold or Sell?

Let's analyse Westpac together

PenkeI guess you are interested in Westpac Banking Corp. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Westpac Banking Corp. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Westpac (30 sec.)










What can you expect buying and holding a share of Westpac? (30 sec.)

How much money do you get?

How much money do you get?
A$2.99
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
A$18.64
Expected worth in 1 year
A$20.69
How sure are you?
58.8%

+ What do you gain per year?

Total Gains per Share
A$6.68
Return On Investment
25.7%

For what price can you sell your share?

Current Price per Share
A$25.97
Expected price per share
A$22.74 - A$27.70
How sure are you?
50%

1. Valuation of Westpac (5 min.)




Live pricePrice per Share (EOD)

A$25.97

Intrinsic Value Per Share

A$-209.17 - A$20.48

Total Value Per Share

A$-190.53 - A$39.12

2. Growth of Westpac (5 min.)




Is Westpac growing?

Current yearPrevious yearGrowGrow %
How rich?$46.8b$45.4b$1.3b2.8%

How much money is Westpac making?

Current yearPrevious yearGrowGrow %
Making money$4.6b$3.6b$968.4m20.9%
Net Profit Margin33.7%27.9%--

How much money comes from the company's main activities?

3. Financial Health of Westpac (5 min.)




What can you expect buying and holding a share of Westpac? (5 min.)

Welcome investor! Westpac's management wants to use your money to grow the business. In return you get a share of Westpac.

What can you expect buying and holding a share of Westpac?

First you should know what it really means to hold a share of Westpac. And how you can make/lose money.

Speculation

The Price per Share of Westpac is A$25.97. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Westpac.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Westpac, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$18.64. Based on the TTM, the Book Value Change Per Share is A$0.51 per quarter. Based on the YOY, the Book Value Change Per Share is A$0.62 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$1.16 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Westpac.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps1.194.6%1.194.6%0.943.6%0.923.5%1.164.5%
Usd Book Value Change Per Share0.331.3%0.331.3%0.401.5%0.120.5%0.190.7%
Usd Dividend Per Share0.752.9%0.752.9%0.722.8%0.652.5%0.662.5%
Usd Total Gains Per Share1.084.1%1.084.1%1.124.3%0.762.9%0.853.3%
Usd Price Per Share13.65-13.65-13.32-14.75-18.61-
Price to Earnings Ratio11.45-11.45-14.10-17.58-17.43-
Price-to-Total Gains Ratio12.67-12.67-11.87-4.75-87.34-
Price to Book Ratio1.13-1.13-1.14-1.27-1.67-
Price-to-Total Gains Ratio12.67-12.67-11.87-4.75-87.34-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share16.755844
Number of shares59
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.750.65
Usd Book Value Change Per Share0.330.12
Usd Total Gains Per Share1.080.76
Gains per Quarter (59 shares)63.5744.98
Gains per Year (59 shares)254.28179.90
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
11767824415228170
235315649830555350
352923475245783530
47053121006609111710
58813901260761138890
6105846815149141661070
71234546176810661941250
81410624202212182211430
91586702227613702491610
101763780253015232761790

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%17.00.00.0100.0%39.01.00.097.5%
Book Value Change Per Share1.00.00.0100.0%2.01.00.066.7%3.02.00.060.0%8.09.00.047.1%29.011.00.072.5%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%17.00.00.0100.0%38.00.02.095.0%
Total Gains per Share1.00.00.0100.0%2.01.00.066.7%4.01.00.080.0%10.07.00.058.8%32.08.00.080.0%

Fundamentals of Westpac

About Westpac Banking Corp

Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, and internationally. The company operates through Consumer, Business, Consumer and Business Banking, Westpac Institutional Bank, Specialist Businesses, and Westpac New Zealand segments. It offers savings, term deposit, business transaction, not-for-profit transaction, foreign currency, farm management deposit, project and retention trust, and statutory trust accounts; home, personal, business, and commercial loans; car and equipment finance; business overdrafts and bank guarantees; debit and credit cards; international and travel services; share trading services; investment products; and home, car, travel, life, caravan and trailer, credit card and loan repayment, boat, and business insurance products. In addition, the company provides corporate and institutional, transaction banking, financial market, corporate and structured finance, trade and supply chain financing, and industry specific banking and treasury services, as well as online banking services. It serves individuals; small, and medium enterprises; commercial and agribusiness; and private wealth clients; and corporate, institutional, and government customers. The company was formerly known as Bank of New South Wales and changed its name to Westpac Banking Corporation in October 1982. Westpac Banking Corporation was founded in 1817 and is based in Sydney, Australia.

Fundamental data was last updated by Penke on 2024-04-09 06:47:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Westpac Banking Corp.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Westpac earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Westpac to the Banks - Diversified industry mean.
  • A Net Profit Margin of 33.7% means that $0.34 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Westpac Banking Corp:

  • The MRQ is 33.7%. The company is making a huge profit. +2
  • The TTM is 33.7%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ33.7%TTM33.7%0.0%
TTM33.7%YOY27.9%+5.8%
TTM33.7%5Y26.4%+7.3%
5Y26.4%10Y26.3%+0.1%
1.1.2. Return on Assets

Shows how efficient Westpac is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Westpac to the Banks - Diversified industry mean.
  • 0.7% Return on Assets means that Westpac generated $0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Westpac Banking Corp:

  • The MRQ is 0.7%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.7%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.7%TTM0.7%0.0%
TTM0.7%YOY0.6%+0.1%
TTM0.7%5Y0.6%+0.1%
5Y0.6%10Y0.8%-0.2%
1.1.3. Return on Equity

Shows how efficient Westpac is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Westpac to the Banks - Diversified industry mean.
  • 9.9% Return on Equity means Westpac generated $0.10 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Westpac Banking Corp:

  • The MRQ is 9.9%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 9.9%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ9.9%TTM9.9%0.0%
TTM9.9%YOY8.1%+1.8%
TTM9.9%5Y7.9%+2.1%
5Y7.9%10Y10.8%-2.9%

1.2. Operating Efficiency of Westpac Banking Corp.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Westpac is operating .

  • Measures how much profit Westpac makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Westpac to the Banks - Diversified industry mean.
  • An Operating Margin of 48.2% means the company generated $0.48  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Westpac Banking Corp:

  • The MRQ is 48.2%. The company is operating very efficient. +2
  • The TTM is 48.2%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ48.2%TTM48.2%0.0%
TTM48.2%YOY71.3%-23.1%
TTM48.2%5Y45.7%+2.5%
5Y45.7%10Y66.8%-21.1%
1.2.2. Operating Ratio

Measures how efficient Westpac is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Banks - Diversified industry mean).
  • An Operation Ratio of -0.52 means that the operating costs are $-0.52 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Westpac Banking Corp:

  • The MRQ is -0.518.
  • The TTM is -0.518.
Trends
Current periodCompared to+/- 
MRQ-0.518TTM-0.5180.000
TTM-0.518YOY0.710-1.228
TTM-0.5185Y-0.344-0.175
5Y-0.34410Y0.037-0.380

1.3. Liquidity of Westpac Banking Corp.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Westpac is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Banks - Diversified industry mean).
  • A Current Ratio of 6.19 means the company has $6.19 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Westpac Banking Corp:

  • The MRQ is 6.186. The company is very able to pay all its short-term debts. +2
  • The TTM is 6.186. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ6.186TTM6.1860.000
TTM6.186YOY5.721+0.465
TTM6.1865Y5.232+0.954
5Y5.23210Y1.914+3.318
1.3.2. Quick Ratio

Measures if Westpac is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Westpac to the Banks - Diversified industry mean.
  • A Quick Ratio of 8.73 means the company can pay off $8.73 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Westpac Banking Corp:

  • The MRQ is 8.733. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 8.733. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ8.733TTM8.7330.000
TTM8.733YOY8.072+0.661
TTM8.7335Y8.418+0.315
5Y8.41810Y2.542+5.875

1.4. Solvency of Westpac Banking Corp.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Westpac assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Westpac to Banks - Diversified industry mean.
  • A Debt to Asset Ratio of 0.93 means that Westpac assets are financed with 93.0% credit (debt) and the remaining percentage (100% - 93.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Westpac Banking Corp:

  • The MRQ is 0.930. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.930. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.930TTM0.9300.000
TTM0.930YOY0.930-0.001
TTM0.9305Y0.927+0.002
5Y0.92710Y0.926+0.001
1.4.2. Debt to Equity Ratio

Measures if Westpac is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Westpac to the Banks - Diversified industry mean.
  • A Debt to Equity ratio of 1,320.4% means that company has $13.20 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Westpac Banking Corp:

  • The MRQ is 13.204. The company is unable to pay all its debts with equity. -1
  • The TTM is 13.204. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ13.204TTM13.2040.000
TTM13.204YOY13.395-0.191
TTM13.2045Y12.769+0.435
5Y12.76910Y12.872-0.102

2. Market Valuation of Westpac Banking Corp

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Westpac generates.

  • Above 15 is considered overpriced but always compare Westpac to the Banks - Diversified industry mean.
  • A PE ratio of 11.45 means the investor is paying $11.45 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Westpac Banking Corp:

  • The EOD is 14.054. Based on the earnings, the company is underpriced. +1
  • The MRQ is 11.446. Based on the earnings, the company is underpriced. +1
  • The TTM is 11.446. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD14.054MRQ11.446+2.608
MRQ11.446TTM11.4460.000
TTM11.446YOY14.105-2.659
TTM11.4465Y17.582-6.137
5Y17.58210Y17.430+0.152
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Westpac Banking Corp:

  • The EOD is -8.300. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -6.759. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -6.759. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-8.300MRQ-6.759-1.540
MRQ-6.759TTM-6.7590.000
TTM-6.759YOY5.116-11.876
TTM-6.7595Y4.051-10.810
5Y4.05110Y76.209-72.159
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Westpac is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Banks - Diversified industry mean).
  • A PB ratio of 1.13 means the investor is paying $1.13 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Westpac Banking Corp:

  • The EOD is 1.393. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.134. Based on the equity, the company is underpriced. +1
  • The TTM is 1.134. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.393MRQ1.134+0.259
MRQ1.134TTM1.1340.000
TTM1.134YOY1.138-0.004
TTM1.1345Y1.267-0.132
5Y1.26710Y1.666-0.399
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Westpac Banking Corp.

3.1. Funds holding Westpac Banking Corp

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2020-10-31Vanguard International Stock Index-Total Intl Stock Indx1.5-54913465--
2020-12-31Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund0.63-23121909--
2021-02-28iShares Core MSCI EAFE ETF0.44-16066287--
2021-02-28iShares MSCI Eafe ETF0.33000002-11952493--
2021-01-31DFA International Value Series0.22-7945749--
2021-02-28Fidelity International Index Fund0.19-7125479--
2021-02-28JP Morgan ETF Tr-BetaBuilders Developed Asia ex-Japan ETF0.18000001-6698047--
2020-10-31Vanguard Intl Equity Index Fds-FTSE All World ex U.S. Index Fund0.18000001-6444502--
2021-02-28iShares MSCI Eafe Value ETF0.14-4963014--
2021-02-28iShares MSCI Australia ETF0.11999999-4489330--
Total 3.93000003014372027500.0%

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Westpac Banking Corp compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.5120.5120%0.624-18%0.182+182%0.300+71%
Book Value Per Share--18.64318.6430%18.130+3%18.161+3%17.704+5%
Current Ratio--6.1866.1860%5.721+8%5.232+18%1.914+223%
Debt To Asset Ratio--0.9300.9300%0.9300%0.927+0%0.926+0%
Debt To Equity Ratio--13.20413.2040%13.395-1%12.769+3%12.872+3%
Dividend Per Share--1.1581.1580%1.115+4%1.000+16%1.021+13%
Eps--1.8481.8480%1.463+26%1.418+30%1.800+3%
Free Cash Flow Per Share---3.129-3.1290%4.034-178%6.095-151%3.565-188%
Free Cash Flow To Equity Per Share---1.676-1.6760%7.438-123%4.534-137%4.066-141%
Gross Profit Margin--0.9770.9770%0.972+0%0.956+2%0.9810%
Intrinsic Value_10Y_max--20.477--------
Intrinsic Value_10Y_min---209.174--------
Intrinsic Value_1Y_max--5.235--------
Intrinsic Value_1Y_min---2.645--------
Intrinsic Value_3Y_max--13.303--------
Intrinsic Value_3Y_min---23.859--------
Intrinsic Value_5Y_max--18.447--------
Intrinsic Value_5Y_min---62.347--------
Market Cap90994465515.520+10%82294650000.00082294650000.0000%80268960000.000+3%88126322000.000-7%104259594278.810-21%
Net Profit Margin--0.3370.3370%0.279+21%0.264+28%0.263+28%
Operating Margin--0.4820.4820%0.713-32%0.457+5%0.668-28%
Operating Ratio---0.518-0.5180%0.710-173%-0.344-34%0.037-1509%
Pb Ratio1.393+19%1.1341.1340%1.1380%1.267-10%1.666-32%
Pe Ratio14.054+19%11.44611.4460%14.105-19%17.582-35%17.430-34%
Price Per Share25.970+19%21.15021.1500%20.640+2%22.854-7%28.843-27%
Price To Free Cash Flow Ratio-8.300-23%-6.759-6.7590%5.116-232%4.051-267%76.209-109%
Price To Total Gains Ratio15.551+19%12.66512.6650%11.869+7%4.749+167%87.343-85%
Quick Ratio--8.7338.7330%8.072+8%8.418+4%2.542+244%
Return On Assets--0.0070.0070%0.006+24%0.006+23%0.008-9%
Return On Equity--0.0990.0990%0.081+23%0.079+26%0.108-8%
Total Gains Per Share--1.6701.6700%1.739-4%1.182+41%1.321+26%
Usd Book Value--46802162800.00046802162800.0000%45492406800.000+3%44998957840.000+4%41495924141.177+13%
Usd Book Value Change Per Share--0.3310.3310%0.402-18%0.117+182%0.193+71%
Usd Book Value Per Share--12.02812.0280%11.698+3%11.717+3%11.422+5%
Usd Dividend Per Share--0.7470.7470%0.720+4%0.645+16%0.659+13%
Usd Eps--1.1921.1920%0.944+26%0.915+30%1.161+3%
Usd Free Cash Flow---7855310000.000-7855310000.0000%10122542800.000-178%15000125760.000-152%8472273011.765-193%
Usd Free Cash Flow Per Share---2.019-2.0190%2.603-178%3.932-151%2.300-188%
Usd Free Cash Flow To Equity Per Share---1.081-1.0810%4.799-123%2.925-137%2.623-141%
Usd Market Cap58709629150.614+10%53096508180.00053096508180.0000%51789532992.000+3%56859102954.400-7%67268290228.688-21%
Usd Price Per Share16.756+19%13.64613.6460%13.317+2%14.745-7%18.610-27%
Usd Profit--4642214000.0004642214000.0000%3673768800.000+26%3538405840.000+31%4272400541.176+9%
Usd Revenue--13794376000.00013794376000.0000%13167886800.000+5%13335767840.000+3%17367721317.647-21%
Usd Total Gains Per Share--1.0771.0770%1.122-4%0.762+41%0.852+26%
 EOD+5 -3MRQTTM+0 -0YOY+25 -115Y+26 -1010Y+20 -16

4.2. Fundamental Score

Let's check the fundamental score of Westpac Banking Corp based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1514.054
Price to Book Ratio (EOD)Between0-11.393
Net Profit Margin (MRQ)Greater than00.337
Operating Margin (MRQ)Greater than00.482
Quick Ratio (MRQ)Greater than18.733
Current Ratio (MRQ)Greater than16.186
Debt to Asset Ratio (MRQ)Less than10.930
Debt to Equity Ratio (MRQ)Less than113.204
Return on Equity (MRQ)Greater than0.150.099
Return on Assets (MRQ)Greater than0.050.007
Total6/10 (60.0%)

4.3. Technical Score

Let's check the technical score of Westpac Banking Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5049.988
Ma 20Greater thanMa 5025.999
Ma 50Greater thanMa 10026.061
Ma 100Greater thanMa 20024.474
OpenGreater thanClose26.080
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in AUD. All numbers in thousands.

Summary
Total Assets1,029,774,000
Total Liabilities957,235,000
Total Stockholder Equity72,495,000
 As reported
Total Liabilities 957,235,000
Total Stockholder Equity+ 72,495,000
Total Assets = 1,029,774,000

Assets

Total Assets1,029,774,000
Total Current Assets179,493,000
Long-term Assets109,993,000
Total Current Assets
Cash And Cash Equivalents 102,976,000
Short-term Investments 73,894,000
Net Receivables 2,623,000
Inventory -159,764,000
Other Current Assets 159,764,000
Total Current Assets  (as reported)179,493,000
Total Current Assets  (calculated)179,493,000
+/-0
Long-term Assets
Property Plant Equipment 2,245,000
Goodwill 7,419,000
Long Term Investments 96,862,000
Intangible Assets 3,467,000
Long-term Assets Other -3,249,000
Long-term Assets  (as reported)109,993,000
Long-term Assets  (calculated)106,744,000
+/- 3,249,000

Liabilities & Shareholders' Equity

Total Current Liabilities29,016,000
Long-term Liabilities167,062,000
Total Stockholder Equity72,495,000
Total Current Liabilities
Short-term Debt 22,687,000
Short Long Term Debt 22,687,000
Accounts payable 6,329,000
Other Current Liabilities -29,016,000
Total Current Liabilities  (as reported)29,016,000
Total Current Liabilities  (calculated)22,687,000
+/- 6,329,000
Long-term Liabilities
Long term Debt Total 157,694,000
Long-term Liabilities  (as reported)167,062,000
Long-term Liabilities  (calculated)157,694,000
+/- 9,368,000
Total Stockholder Equity
Common Stock39,826,000
Retained Earnings 31,436,000
Accumulated Other Comprehensive Income 1,935,000
Other Stockholders Equity -702,000
Total Stockholder Equity (as reported)72,495,000
Total Stockholder Equity (calculated)72,495,000
+/-0
Other
Capital Stock39,826,000
Cash and Short Term Investments 176,870,000
Common Stock Shares Outstanding 3,891,000
Liabilities and Stockholders Equity 1,029,774,000
Net Debt 86,773,000
Net Invested Capital 262,244,000
Net Working Capital 150,477,000
Short Long Term Debt Total 189,749,000



Balance Sheet

Currency in AUD. All numbers in thousands.

 Trend2023-09-302022-09-302021-09-302020-09-302019-09-302018-09-302017-12-312017-10-312017-09-302016-12-312016-10-312016-09-302015-12-312015-10-312015-09-302014-12-312014-09-302013-09-302012-09-302011-09-302010-09-302009-09-302008-09-302007-09-302006-09-302005-09-302004-09-302003-09-302002-09-302001-09-302000-09-301999-09-301998-09-301997-09-301996-09-301995-09-301994-09-301993-09-301992-09-301991-09-301990-09-301989-09-301988-09-30
> Total Assets 
0
0
107,159,461
106,099,120
110,452,125
105,020,845
93,847,790
105,779,298
121,835,695
118,848,295
137,434,634
140,251,868
167,618,360
189,884,609
191,054,402
221,372,324
244,994,678
260,145,009
299,578,000
374,821,000
439,548,000
589,587,000
618,277,000
670,228,000
674,965,000
696,603,000
770,842,000
801,510,000
812,156,000
821,040,000
787,465,000
839,202,000
880,625,000
814,949,000
851,875,000
940,853,000
851,733,000
879,592,000
906,626,000
911,946,000
935,870,000
1,014,198,000
1,029,774,000
1,029,774,0001,014,198,000935,870,000911,946,000906,626,000879,592,000851,733,000940,853,000851,875,000814,949,000880,625,000839,202,000787,465,000821,040,000812,156,000801,510,000770,842,000696,603,000674,965,000670,228,000618,277,000589,587,000439,548,000374,821,000299,578,000260,145,009244,994,678221,372,324191,054,402189,884,609167,618,360140,251,868137,434,634118,848,295121,835,695105,779,29893,847,790105,020,845110,452,125106,099,120107,159,46100
   > Total Current Assets 
0
0
0
0
0
0
0
104,131,285
118,802,679
116,149,934
134,044,768
137,059,143
164,908,837
187,349,109
188,485,105
217,970,850
241,157,661
257,011,523
295,846,641
371,551,850
436,686,775
577,158,000
605,763,000
657,291,000
661,694,000
683,088,000
756,784,000
0
798,990,000
0
0
825,945,000
0
0
838,736,000
0
0
783,247,000
20,059,000
123,381,000
155,988,000
183,288,000
179,493,000
179,493,000183,288,000155,988,000123,381,00020,059,000783,247,00000838,736,00000825,945,00000798,990,0000756,784,000683,088,000661,694,000657,291,000605,763,000577,158,000436,686,775371,551,850295,846,641257,011,523241,157,661217,970,850188,485,105187,349,109164,908,837137,059,143134,044,768116,149,934118,802,679104,131,2850000000
       Cash And Cash Equivalents 
0
0
10,696,702
9,684,783
12,539,113
1,618,374
1,077,685
1,049,361
1,290,357
1,247,761
1,600,334
743,043
1,456,990
1,079,109
2,123,584
1,786,767
2,321,176
2,194,491
2,943,000
2,996,000
5,736,000
4,038,000
5,786,000
17,997,000
14,416,000
13,270,000
27,288,000
46,984,000
16,079,000
325,121,000
54,083,000
18,405,000
347,081,000
77,360,000
19,445,000
388,197,000
80,395,000
27,786,000
20,059,000
30,759,000
71,917,000
105,734,000
102,976,000
102,976,000105,734,00071,917,00030,759,00020,059,00027,786,00080,395,000388,197,00019,445,00077,360,000347,081,00018,405,00054,083,000325,121,00016,079,00046,984,00027,288,00013,270,00014,416,00017,997,0005,786,0004,038,0005,736,0002,996,0002,943,0002,194,4912,321,1761,786,7672,123,5841,079,1091,456,990743,0431,600,3341,247,7611,290,3571,049,3611,077,6851,618,37412,539,1139,684,78310,696,70200
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
289,000
283,000
285,000
282,000
2,485,000
2,545,000
969,000
2,511,000
1,613,000
1,630,000
12,124,000
18,075,000
24,472,000
30,011,000
36,024,000
0
54,833,000
0
0
60,665,000
0
0
60,710,000
0
0
61,119,000
72,581,000
90,555,000
82,482,000
75,284,000
73,894,000
73,894,00075,284,00082,482,00090,555,00072,581,00061,119,0000060,710,0000060,665,0000054,833,000036,024,00030,011,00024,472,00018,075,00012,124,0001,630,0001,613,0002,511,000969,0002,545,0002,485,000282,000285,000283,000289,000000000000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
4,420,835
3,705,140
4,421,935
3,899,429
5,716,031
5,899,253
6,035,301
10,353,901
11,791,941
18,372,000
85,424,000
28,421,000
25,954,000
19,028,000
16,899,000
18,360,000
18,077,000
15,066,000
89,568,000
11,857,000
10,282,000
45,407,000
11,984,000
9,583,000
46,460,000
9,280,000
12,768,000
56,187,000
8,251,000
2,301,000
2,067,000
1,589,000
2,270,000
2,623,000
2,623,0002,270,0001,589,0002,067,0002,301,0008,251,00056,187,00012,768,0009,280,00046,460,0009,583,00011,984,00045,407,00010,282,00011,857,00089,568,00015,066,00018,077,00018,360,00016,899,00019,028,00025,954,00028,421,00085,424,00018,372,00011,791,94110,353,9016,035,3015,899,2535,716,0313,899,4294,421,9353,705,1404,420,835000000000
       Other Current Assets 
0
0
0
0
0
0
0
104,131,285
118,802,679
111,729,099
130,339,629
132,637,208
161,009,408
181,633,078
182,585,852
0
0
0
0
0
0
0
0
0
0
47,930,000
12,794,000
0
15,542,000
0
0
15,813,000
0
0
7,075,000
0
0
686,091,000
697,547,000
94,867,000
117,589,000
175,629,000
159,764,000
159,764,000175,629,000117,589,00094,867,000697,547,000686,091,000007,075,0000015,813,0000015,542,000012,794,00047,930,0000000000000182,585,852181,633,078161,009,408132,637,208130,339,629111,729,099118,802,679104,131,2850000000
   > Long-term Assets 
0
0
0
0
0
0
0
1,648,013
3,033,016
2,698,360
3,389,866
3,192,726
2,709,523
2,535,500
2,569,297
3,401,475
3,837,018
3,133,486
3,413,301
3,480,466
3,499,709
12,429,000
12,514,000
12,937,000
13,271,000
13,515,000
14,058,000
0
13,166,000
0
0
13,257,000
0
0
13,139,000
0
0
96,345,000
123,786,000
129,751,000
118,281,000
107,274,000
109,993,000
109,993,000107,274,000118,281,000129,751,000123,786,00096,345,0000013,139,0000013,257,0000013,166,000014,058,00013,515,00013,271,00012,937,00012,514,00012,429,0003,499,7093,480,4663,413,3013,133,4863,837,0183,401,4752,569,2972,535,5002,709,5233,192,7263,389,8662,698,3603,033,0161,648,0130000000
       Property Plant Equipment 
0
0
2,805,386
2,755,522
2,217,680
1,858,571
1,737,997
1,629,090
1,873,985
1,670,387
1,600,334
1,527,316
1,175,170
1,034,484
815,913
842,648
1,444,379
840,499
466,000
489,000
505,000
888,000
1,010,000
1,158,000
1,137,000
1,174,000
1,452,000
6,108,000
1,592,000
2,085,000
6,606,000
1,737,000
2,116,000
5,672,000
1,487,000
2,071,000
6,225,000
1,329,000
1,155,000
3,910,000
2,853,000
2,429,000
2,245,000
2,245,0002,429,0002,853,0003,910,0001,155,0001,329,0006,225,0002,071,0001,487,0005,672,0002,116,0001,737,0006,606,0002,085,0001,592,0006,108,0001,452,0001,174,0001,137,0001,158,0001,010,000888,000505,000489,000466,000840,4991,444,379842,648815,9131,034,4841,175,1701,527,3161,600,3341,670,3871,873,9851,629,0901,737,9971,858,5712,217,6802,755,5222,805,38600
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,754,000
2,558,000
2,394,000
2,290,000
2,403,000
2,398,000
2,425,000
8,597,000
8,569,000
8,582,000
8,797,000
8,868,000
9,112,000
6,588,000
8,809,000
7,100,000
6,584,000
8,829,000
8,324,000
6,577,000
9,012,000
8,515,000
6,597,000
8,890,000
8,895,000
8,397,000
7,599,000
7,393,000
7,419,000
7,419,0007,393,0007,599,0008,397,0008,895,0008,890,0006,597,0008,515,0009,012,0006,577,0008,324,0008,829,0006,584,0007,100,0008,809,0006,588,0009,112,0008,868,0008,797,0008,582,0008,569,0008,597,0002,425,0002,398,0002,403,0002,290,0002,394,0002,558,0001,754,00000000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
32,770,000
38,777,000
638,361,000
58,891,000
607,013,000
627,320,000
83,754,000
654,820,000
663,685,000
87,502,000
664,987,000
689,478,000
84,632,000
107,863,000
135,375,000
105,883,000
94,518,000
96,862,000
96,862,00094,518,000105,883,000135,375,000107,863,00084,632,000689,478,000664,987,00087,502,000663,685,000654,820,00083,754,000627,320,000607,013,00058,891,000638,361,00038,777,00032,770,0000000000000000000000000000
       Intangible Assets 
0
0
0
0
0
0
0
0
1,159,031
0
1,789,532
0
1,535,000
1,501,000
1,754,000
2,558,827
2,394,000
2,290,000
549,000
591,000
564,000
2,944,000
2,935,000
3,197,000
3,337,000
3,473,000
3,494,000
3,159,000
2,765,000
2,151,000
2,984,000
2,691,000
3,468,000
2,721,000
2,640,000
3,496,000
2,448,000
2,873,000
3,058,000
3,100,000
2,510,000
2,934,000
3,467,000
3,467,0002,934,0002,510,0003,100,0003,058,0002,873,0002,448,0003,496,0002,640,0002,721,0003,468,0002,691,0002,984,0002,151,0002,765,0003,159,0003,494,0003,473,0003,337,0003,197,0002,935,0002,944,000564,000591,000549,0002,290,0002,394,0002,558,8271,754,0001,501,0001,535,00001,789,53201,159,03100000000
       Earning Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
152,496,000
0
0
136,770,000
0
0
126,592,000
0
0
122,491,000
152,775,000
166,932,000
132,209,000
0
0
00132,209,000166,932,000152,775,000122,491,00000126,592,00000136,770,00000152,496,0000000000000000000000000000000
       Other Assets 
0
0
107,159,461
106,099,120
110,452,125
105,020,845
93,847,790
104,131,285
118,802,679
116,149,934
134,044,768
137,059,143
164,908,837
187,349,109
188,485,105
221,372,324
244,994,678
260,145,009
299,578,000
374,821,000
439,548,000
589,587,000
618,277,000
670,228,000
674,965,000
696,603,000
770,842,000
10,742,000
812,156,000
32,004,000
51,087,000
839,202,000
31,390,000
18,146,000
851,875,000
30,222,000
16,628,000
879,592,000
762,781,000
658,814,000
661,601,000
723,636,000
740,288,000
740,288,000723,636,000661,601,000658,814,000762,781,000879,592,00016,628,00030,222,000851,875,00018,146,00031,390,000839,202,00051,087,00032,004,000812,156,00010,742,000770,842,000696,603,000674,965,000670,228,000618,277,000589,587,000439,548,000374,821,000299,578,000260,145,009244,994,678221,372,324188,485,105187,349,109164,908,837137,059,143134,044,768116,149,934118,802,679104,131,28593,847,790105,020,845110,452,125106,099,120107,159,46100
> Total Liabilities 
0
0
100,277,721
98,848,590
103,805,508
97,870,629
86,550,310
98,200,212
113,923,639
110,650,140
128,816,257
131,252,738
158,356,985
180,178,715
180,585,668
207,373,778
228,683,230
242,906,895
283,480,000
356,990,000
419,776,000
553,016,000
578,159,000
626,420,000
628,746,000
649,122,000
721,505,000
730,610,000
758,241,000
773,540,000
712,283,000
781,021,000
827,637,000
738,899,000
790,533,000
883,581,000
774,342,000
815,019,000
841,119,000
843,872,000
863,778,000
943,689,000
957,235,000
957,235,000943,689,000863,778,000843,872,000841,119,000815,019,000774,342,000883,581,000790,533,000738,899,000827,637,000781,021,000712,283,000773,540,000758,241,000730,610,000721,505,000649,122,000628,746,000626,420,000578,159,000553,016,000419,776,000356,990,000283,480,000242,906,895228,683,230207,373,778180,585,668180,178,715158,356,985131,252,738128,816,257110,650,140113,923,63998,200,21286,550,31097,870,629103,805,50898,848,590100,277,72100
   > Total Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
532,927,000
595,038,000
0
611,604,000
0
0
633,971,000
0
0
642,077,000
0
0
661,100,000
29,619,000
19,094,000
21,931,000
32,035,000
29,016,000
29,016,00032,035,00021,931,00019,094,00029,619,000661,100,00000642,077,00000633,971,00000611,604,0000595,038,000532,927,0000000000000000000000000000
       Short-term Debt 
0
0
6,263,465
0
0
3,434,475
2,602,334
2,914,524
7,245,180
0
5,170,284
5,606,237
4,914,349
27,993,948
7,361,635
11,460,308
14,649,931
19,552,113
37,494,000
48,028,000
38,340,000
2,440,000
2,415,000
2,867,000
2,543,000
1,772,000
1,418,000
97,895,000
823,000
63,659,000
38,865,000
936,000
77,180,000
54,628,000
392,000
110,995,000
56,424,000
26,266,000
25,838,000
16,477,000
19,595,000
29,252,000
22,687,000
22,687,00029,252,00019,595,00016,477,00025,838,00026,266,00056,424,000110,995,000392,00054,628,00077,180,000936,00038,865,00063,659,000823,00097,895,0001,418,0001,772,0002,543,0002,867,0002,415,0002,440,00038,340,00048,028,00037,494,00019,552,11314,649,93111,460,3087,361,63527,993,9484,914,3495,606,2375,170,28407,245,1802,914,5242,602,3343,434,475006,263,46500
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
192,251,000
27,382,000
97,895,000
26,213,000
63,659,000
38,865,000
936,000
77,180,000
54,628,000
392,000
110,995,000
56,424,000
26,266,000
31,095,000
16,477,000
19,595,000
29,252,000
22,687,000
22,687,00029,252,00019,595,00016,477,00031,095,00026,266,00056,424,000110,995,000392,00054,628,00077,180,000936,00038,865,00063,659,00026,213,00097,895,00027,382,000192,251,0000000000000000000000000000
       Accounts payable 
0
0
0
0
0
0
0
0
0
0
0
0
2,357,000
1,309,000
1,876,000
1,898,000
993,000
866,000
483,000
521,000
676,000
1,101,000
0
1,000,000
0
1,019,000
1,030,000
362,138,000
480,526,000
0
373,252,000
4,034,000
0
381,026,000
537,808,000
0
383,020,000
4,378,000
3,781,000
2,617,000
2,336,000
2,783,000
6,329,000
6,329,0002,783,0002,336,0002,617,0003,781,0004,378,000383,020,0000537,808,000381,026,00004,034,000373,252,0000480,526,000362,138,0001,030,0001,019,00001,000,00001,101,000676,000521,000483,000866,000993,0001,898,0001,876,0001,309,0002,357,000000000000000
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13,023,000
21,195,000
133,544,000
11,639,000
532,906,000
156,034,000
3,665,000
565,259,000
155,863,000
3,599,000
612,548,000
159,436,000
7,497,000
-29,619,000
-19,094,000
-21,931,000
-32,035,000
-29,016,000
-29,016,000-32,035,000-21,931,000-19,094,000-29,619,0007,497,000159,436,000612,548,0003,599,000155,863,000565,259,0003,665,000156,034,000532,906,00011,639,000133,544,00021,195,00013,023,0000000000000000000000000000
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
196,841,000
177,489,000
157,923,000
138,341,000
32,035,000
167,062,000
167,062,00032,035,000138,341,000157,923,000177,489,000196,841,0000000000000000000000000000000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
149,031,000
0
0
163,655,000
0
0
152,469,000
0
0
162,213,000
177,445,000
156,474,000
135,181,000
144,647,000
157,694,000
157,694,000144,647,000135,181,000156,474,000177,445,000162,213,00000152,469,00000163,655,00000149,031,0000000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
14,035,000
15,247,000
15,312,000
18,200,000
13,415,000
15,782,000
19,243,000
53,010,000
60,107,000
68,347,000
71,249,000
65,530,000
68,774,000
60,994,000
77,538,000
56,745,000
14,511,000
51,109,000
47,533,000
15,273,000
52,927,000
42,858,000
11,645,000
57,642,000
42,020,000
19,370,000
21,955,000
13,241,000
12,350,000
11,332,000
0
011,332,00012,350,00013,241,00021,955,00019,370,00042,020,00057,642,00011,645,00042,858,00052,927,00015,273,00047,533,00051,109,00014,511,00056,745,00077,538,00060,994,00068,774,00065,530,00071,249,00068,347,00060,107,00053,010,00019,243,00015,782,00013,415,00018,200,00015,312,00015,247,00014,035,000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
150,000
129,000
0
119,000
0
1,300,000
101,000
0
818,000
86,000
0
789,000
71,000
0
0
0
0
0
0000071,000789,000086,000818,0000101,0001,300,0000119,0000129,000150,0000000000000000000000000000
> Total Stockholder Equity
0
0
6,881,740
7,250,530
6,646,616
7,150,216
7,297,480
7,579,086
7,912,056
8,198,154
8,618,378
8,999,131
9,261,375
9,705,894
10,468,734
13,967,664
14,883,561
16,388,421
14,186,000
15,919,000
17,848,000
34,637,000
38,189,000
41,826,000
44,249,000
46,618,000
48,456,000
70,900,000
53,098,000
47,500,000
75,182,000
58,120,000
52,988,000
76,050,000
61,288,000
57,272,000
77,391,000
64,521,000
65,454,000
68,023,000
72,035,000
70,452,000
72,495,000
72,495,00070,452,00072,035,00068,023,00065,454,00064,521,00077,391,00057,272,00061,288,00076,050,00052,988,00058,120,00075,182,00047,500,00053,098,00070,900,00048,456,00046,618,00044,249,00041,826,00038,189,00034,637,00017,848,00015,919,00014,186,00016,388,42114,883,56113,967,66410,468,7349,705,8949,261,3758,999,1318,618,3788,198,1547,912,0567,579,0867,297,4807,150,2166,646,6167,250,5306,881,74000
   Common Stock
0
0
0
0
0
0
0
0
0
0
0
1,853,470
2,258,243
2,233,268
3,974,583
4,444,123
4,232,813
5,304,338
5,519,000
6,125,000
6,744,000
23,684,000
24,686,000
25,456,000
26,355,000
27,021,000
26,943,000
-2,746,000
29,280,000
11,168,000
20,000
33,469,000
13,325,000
20,000
34,889,000
13,733,000
20,000
36,054,000
37,508,000
40,509,000
41,601,000
39,666,000
39,826,000
39,826,00039,666,00041,601,00040,509,00037,508,00036,054,00020,00013,733,00034,889,00020,00013,325,00033,469,00020,00011,168,00029,280,000-2,746,00026,943,00027,021,00026,355,00025,456,00024,686,00023,684,0006,744,0006,125,0005,519,0005,304,3384,232,8134,444,1233,974,5832,233,2682,258,2431,853,47000000000000
   Retained Earnings Total Equity0000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,714,708
-82,457
-181,233
186,000
192,000
256,000
-56,000
-57,000
498,000
958,000
953,000
1,176,000
0
1,031,000
0
0
727,000
0
0
794,000
0
0
1,077,000
1,311,000
1,544,000
2,227,000
2,378,000
1,935,000
1,935,0002,378,0002,227,0001,544,0001,311,0001,077,00000794,00000727,000001,031,00001,176,000953,000958,000498,000-57,000-56,000256,000192,000186,000-181,233-82,4571,714,708000000000000000
   Capital Surplus 0000000000000000000000000000000000000000000
   Treasury Stock00-606,000-563,000-553,000-493,00000-495,00000-455,00000-385,0000-304,000-253,000-192,000-187,000-190,000-188,000-151,000-114,0000000000000000000000
   Other Stockholders Equity 
0
0
5,450,933
5,688,024
6,419,166
6,915,775
6,685,405
6,737,480
6,542,372
6,326,995
6,375,513
4,357,103
3,567,877
3,298,178
563,588
0
0
0
0
0
0
0
0
0
0
0
1,176,000
-1,248,000
-144,000
3,536,000
-1,656,000
-597,000
3,675,000
-2,643,000
794,000
3,378,000
-3,060,000
-493,000
-553,000
-563,000
-606,000
-655,000
-702,000
-702,000-655,000-606,000-563,000-553,000-493,000-3,060,0003,378,000794,000-2,643,0003,675,000-597,000-1,656,0003,536,000-144,000-1,248,0001,176,00000000000000563,5883,298,1783,567,8774,357,1036,375,5136,326,9956,542,3726,737,4806,685,4056,915,7756,419,1665,688,0245,450,93300



Balance Sheet

Currency in AUD. All numbers in thousands.