Westpac Banking (Australia) Today

WBC
 Stock
  

AUD 23.87  0.12  0.50%   

Market Performance
11 of 100
Odds Of Distress
Less than 42
Westpac Banking is trading at 23.87 as of the 26th of November 2022; that is -0.5 percent decrease since the beginning of the trading day. The stock's open price was 23.99. Westpac Banking has about a 42 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 days. Equity ratings for Westpac Banking are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of December 2020 and ending today, the 26th of November 2022. Click here to learn more.
Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, the Americas, Asia, Europe, and internationally. The company was founded in 1817 and is based in Sydney, Australia. Westpac Banking operates under BanksDiversified classification in Australia and is traded on Australian Securities Exchange. The company has 3.67 B outstanding shares. More on Westpac Banking

Moving together with Westpac Banking

+0.87ANZAustralia and NewPairCorr
+0.88BOQBank of QueenslandPairCorr
+0.86CBACommonwealth BankPairCorr
Follow Valuation Odds of Bankruptcy
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Westpac Banking Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Westpac Banking's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Westpac Banking or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Westpac Banking has accumulated about 144.42 B in cash with (14.38 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 41.31, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
CEO - St.George Banking GroupGeorge Frazis
Thematic IdeaInvestor Favorites (view all)
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Westpac Banking's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
Westpac Banking (WBC) is traded on Australian Securities Exchange in Australia and employs 34,637 people. The company currently falls under 'Large-Cap' category with current market capitalization of 86.61 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Westpac Banking's market, we take the total number of its shares issued and multiply it by Westpac Banking's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Westpac Banking operates under Financial Services sector and is part of Banks—Diversified industry. The entity has 3.67 B outstanding shares. Westpac Banking has accumulated about 144.42 B in cash with (14.38 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 41.31, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Westpac Banking Probability Of Bankruptcy
Ownership
Westpac Banking owns a total of 3.67 Billion outstanding shares. Roughly 70.0 (%) of Westpac Banking outstanding shares are held by regular investors with 0.24 % owned by insiders and only 29.75 percent by institutional investors. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

Check Westpac Ownership Details

Westpac Stock Price Odds Analysis

Based on a normal probability distribution, the odds of Westpac Banking jumping above the current price in 90 days from now is about 12.23%. The Westpac Banking probability density function shows the probability of Westpac Banking stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Westpac Banking has a beta of -0.0089. This entails as returns on benchmark increase, returns on holding Westpac Banking are expected to decrease at a much lower rate. During the bear market, however, Westpac Banking is likely to outperform the market. Additionally, the company has an alpha of 0.1512, implying that it can generate a 0.15 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 23.87HorizonTargetOdds Above 23.87
87.65%90 days
 23.87 
12.23%
Based on a normal probability distribution, the odds of Westpac Banking to move above the current price in 90 days from now is about 12.23 (This Westpac Banking probability density function shows the probability of Westpac Stock to fall within a particular range of prices over 90 days) .

Westpac Banking Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Westpac Banking market risk premium is the additional return an investor will receive from holding Westpac Banking long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Westpac Banking. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Westpac Banking's alpha and beta are two of the key measurements used to evaluate Westpac Banking's performance over the market, the standard measures of volatility play an important role as well.

Westpac Stock Against Markets

Picking the right benchmark for Westpac Banking stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Westpac Banking stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Westpac Banking is critical whether you are bullish or bearish towards Westpac Banking at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Westpac Banking without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Westpac Banking Corporate Directors

Westpac Banking corporate directors refer to members of a Westpac Banking board of directors. The board of directors generally takes responsibility for the Westpac Banking's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Westpac Banking's board members must vote for the resolution. The Westpac Banking board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Ewen Crouch - Non-Executive Independent DirectorProfile
Elizabeth Bryan - Non-Executive Independent DirectorProfile
Craig Dunn - Non-Executive Independent DirectorProfile
Peter Hawkins - Non-Executive Independent DirectorProfile

Invested in Westpac Banking?

The danger of trading Westpac Banking is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Westpac Banking is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Westpac Banking. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Westpac Banking is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Current Watchlist. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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When running Westpac Banking price analysis, check to measure Westpac Banking's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Westpac Banking is operating at the current time. Most of Westpac Banking's value examination focuses on studying past and present price action to predict the probability of Westpac Banking's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Westpac Banking's price. Additionally, you may evaluate how the addition of Westpac Banking to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Westpac Banking's value and its price as these two are different measures arrived at by different means. Investors typically determine Westpac Banking value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westpac Banking's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.