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National Australia Bank Limited
(Sydney:NAB)
National Australia Bank Limited (NAB) vs. iShares MSCI Australia ETF (EWA)
National Australia Bank Limited Business Overview & Revenue Model
National Australia Bank Limited Earnings Call Summary
National Australia Bank Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 57.34B | 62.16B | 51.90B | 25.87B | 20.92B | 26.33B |
| Gross Profit | 15.08B | 19.88B | 19.81B | 18.20B | 16.88B | 14.34B |
| EBITDA | 9.89B | 11.19B | 11.67B | 10.86B | 10.11B | 7.07B |
| Net Income | 5.17B | 6.96B | 7.41B | 6.89B | 6.36B | 2.56B |
Balance Sheet | ||||||
| Total Assets | 1.10T | 1.08T | 1.06T | 1.06T | 926.19B | 866.86B |
| Cash, Cash Equivalents and Short-Term Investments | 96.30B | 112.94B | 2.89B | 2.67B | 26.96B | 34.65B |
| Total Debt | 266.85B | 281.87B | 289.27B | 290.64B | 276.41B | 257.02B |
| Total Liabilities | 1.03T | 1.02T | 997.69B | 996.22B | 863.41B | 805.57B |
| Stockholders Equity | 62.17B | 61.45B | 61.15B | 59.03B | 62.78B | 61.29B |
Cash Flow | ||||||
| Free Cash Flow | -42.14B | -37.22B | -27.89B | 27.14B | -99.00M | 32.92B |
| Operating Cash Flow | -40.94B | -35.78B | -26.70B | 28.22B | 759.00M | 33.89B |
| Investing Cash Flow | 1.10B | 4.69B | -4.21B | -8.70B | -3.69B | -702.00M |
| Financing Cash Flow | 20.99B | 9.92B | 6.98B | 6.01B | -22.05B | -16.82B |
National Australia Bank Limited Technical Analysis
National Australia Bank Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $107.78B | 18.26 | 7.92% | 4.74% | 5.21% | -9.07% | |
69 Neutral | $133.33B | 19.33 | 9.08% | 4.04% | 1.57% | 0.13% | |
69 Neutral | AU$291.08B | 28.78 | ― | 3.17% | 6.39% | 7.78% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $126.67B | 18.77 | 10.36% | 4.12% | -4.56% | -1.63% | |
61 Neutral | $21.03B | 22.76 | 29.52% | 2.62% | 6.44% | 22.38% | |
56 Neutral | $71.62B | 19.73 | 10.30% | 3.33% | 3.65% | 1.58% |
National Australia Bank Limited Corporate Events
National Australia Bank Limited has announced changes to its financial reporting that will affect the presentation of its income statement and divisional financial information for the fiscal year 2025. These changes, which do not impact the bank’s cash earnings or net profit, include the reclassification of customer portfolios between divisions to better meet service needs, adjustments to the presentation of volume-related fees and commissions, and refined treatment of revenue from customer loans and deposits in New Zealand. The adjustments aim to align with industry practices and provide clearer financial disclosures, with implications for how income and expenses are reported across different divisions.
The most recent analyst rating on (AU:NAB) stock is a Sell with a A$31.23 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.
National Australia Bank Limited has announced the interest payment and record dates for its US$1.75 billion 4.370% Covered Bonds due on June 3, 2030. This announcement is part of NAB’s U.S.$40 billion Covered Bond Programme, which plays a significant role in the bank’s funding strategy, potentially impacting its financial stability and investor relations.
The most recent analyst rating on (AU:NAB) stock is a Sell with a A$38.00 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.
National Australia Bank Limited has announced a shareholder resolution for its 2025 Annual General Meeting, which includes a focus on climate commitments and customer transition plans. The resolution emphasizes the bank’s commitment to the Paris Agreement goals and its policy to assess and rate the transition plans of fossil fuel sector customers, with implications for financing decisions based on these ratings.
The most recent analyst rating on (AU:NAB) stock is a Sell with a A$38.00 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.
National Australia Bank Limited has announced three shareholder resolutions for consideration at its upcoming Annual General Meeting in December 2025. These resolutions include a proposed amendment to the company’s constitution to allow shareholder opinions on director powers, a request for the bank to disclose its exposure to deforestation through its agricultural financing, and a strategy to eliminate financed deforestation. These resolutions highlight the bank’s focus on governance and environmental responsibility, potentially impacting its operations and stakeholder relationships.
The most recent analyst rating on (AU:NAB) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.
National Australia Bank Limited has announced a change in the aggregated percentage of voting shares controlled by its associated entities. The notice indicates a slight decrease in the percentage of voting shares from 0.0236% to 0.0208%. This change reflects the power of control over voting or disposal of shares by entities like JBWere Limited and the Bank of New Zealand, which act as investment managers for various client portfolios. The announcement is part of compliance with the Australian Securities and Investments Commission’s regulations and highlights the bank’s transparency in its shareholding structure.
The most recent analyst rating on (AU:NAB) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.
National Australia Bank Limited announced a new distribution for its NAB Capital Notes 5, with a distribution rate of 4.9403% per annum for the period from September 17, 2025, to December 17, 2025. This equates to a cash amount of AUD 1.2317 per note, fully franked, payable on December 17, 2025. The announcement highlights the bank’s ongoing commitment to providing returns to its stakeholders, reflecting its stable financial position and strategic focus on maintaining investor confidence.
The most recent analyst rating on (AU:NAB) stock is a Buy with a A$45.52 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.
National Australia Bank Limited has announced a new distribution for its NAB Capital Notes 8, with a distribution rate of 4.3103% per annum for the period from September 17, 2025, to December 17, 2025. This announcement reflects the bank’s ongoing commitment to providing returns to its investors, with a fully franked cash amount of AUD 1.0746 per note, payable on December 17, 2025, which is likely to impact investor confidence and market positioning positively.
The most recent analyst rating on (AU:NAB) stock is a Buy with a A$45.52 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.
National Australia Bank Limited has announced a new distribution for its NAB Capital Notes 6, with a distribution amount of AUD 1.1706 per note, fully franked, to be paid on December 17, 2025. The distribution rate for the period from September 17, 2025, to December 17, 2025, is set at 4.6953% per annum, reflecting the current bank bill rate and margin. This announcement is significant for stakeholders as it highlights the bank’s ongoing commitment to providing returns to its investors, potentially impacting investor confidence and market positioning.
The most recent analyst rating on (AU:NAB) stock is a Buy with a A$45.52 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.
National Australia Bank Limited announced a new dividend distribution for its NAB Capital Notes 7, with a distribution rate of 4.4503% per annum for the period from September 17, 2025, to December 17, 2025. This announcement reflects NAB’s ongoing commitment to providing returns to its investors and maintaining its position in the financial market, with the payment date set for December 17, 2025.
The most recent analyst rating on (AU:NAB) stock is a Buy with a A$45.52 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.
National Australia Bank Limited has announced a new distribution for its NAB Capital Notes 3, with a distribution rate of 5.2903% per annum for the period from 17 September 2025 to 17 December 2025. This results in a fully franked cash amount of AUD 1.3189 per note, payable on 17 December 2025. The announcement reflects NAB’s ongoing commitment to providing returns to its investors and may influence its market position by maintaining investor confidence.
The most recent analyst rating on (AU:NAB) stock is a Buy with a A$45.52 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.
National Australia Bank Limited has announced the issuance of CHF225,000,000 fixed rate reset subordinated notes due in September 2035 as part of its global medium term note programme. These notes are designed to convert into fully paid ordinary shares if deemed necessary by the Australian Prudential Regulation Authority to prevent the bank from becoming non-viable. The issuance is not expected to materially impact the bank’s financial position but could increase shareholders’ equity if conversion occurs.
The most recent analyst rating on (AU:NAB) stock is a Buy with a A$42.50 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.
National Australia Bank Limited has released its 2025 Third Quarter Pillar 3 Report in compliance with the Australian Prudential Regulation Authority’s standards. This disclosure provides insights into the bank’s risk management and capital adequacy, which are crucial for stakeholders to assess NAB’s financial health and regulatory compliance.
The most recent analyst rating on (AU:NAB) stock is a Buy with a A$35.00 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.
National Australia Bank (NAB) has announced that its FY25 operating expenses are expected to increase by approximately 4.5% compared to FY24, primarily due to a $130 million cost associated with ongoing payroll review and remediation efforts. The bank has been investing in improving its human resources and payroll systems since 2019, with previous costs amounting to $250 million. NAB is committed to resolving payroll issues, ensuring compliance, and maintaining transparency with stakeholders, including the Fair Work Ombudsman and the Finance Sector Union.
The most recent analyst rating on (AU:NAB) stock is a Buy with a A$35.00 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.
National Australia Bank Limited reported a 1% decrease in cash earnings for the third quarter of 2025, attributed to a rise in credit impairment charges despite a 2% growth in underlying profit. The bank’s revenue increased by 3%, driven by higher margins and volume growth, while expenses rose due to personnel-related costs and technology spending. Business lending saw a significant growth of 4%, and home lending increased by 2%. The bank is focusing on improving compliance and efficiency, with AUSTRAC canceling its Enforceable Undertaking. NAB is also enhancing customer experience by refurbishing branches and launching new payment solutions, while providing disaster relief support to communities.
The most recent analyst rating on (AU:NAB) stock is a Buy with a A$35.00 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.
National Australia Bank Limited has been ordered to pay a $15.5 million civil penalty by the Federal Court following proceedings initiated by the Australian Securities and Investments Commission. The case involved NAB and its subsidiary, AFSH Nominees Pty Ltd, admitting to breaches of the National Consumer Credit Protection Act for failing to provide written responses to hardship notices. In response, NAB has implemented measures to improve customer support, including the creation of NAB Care, a dedicated hardship assistance team, and hiring additional staff to enhance support options for customers in need.
The most recent analyst rating on (AU:NAB) stock is a Buy with a A$34.80 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.
National Australia Bank Limited has announced the cessation of 11,940 performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This cessation reflects on the company’s capital management strategies and could have implications for stakeholders, particularly in terms of performance-based incentives and securities management.
The most recent analyst rating on (AU:NAB) stock is a Buy with a A$34.80 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.
National Australia Bank Limited has announced the application for the quotation of U.S.$1.75 billion 4.370% Fixed Rate Covered Bonds due June 3, 2030. This move is part of the bank’s strategy to strengthen its financial position and enhance its market presence by offering secure investment opportunities to stakeholders.
The most recent analyst rating on (AU:NAB) stock is a Buy with a A$35.50 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.
National Australia Bank Limited has announced the issuance of US$1.75 billion in Covered Bonds under its US$40 billion Covered Bond Programme. This move is part of NAB’s strategy to strengthen its financial position and enhance its market presence, although the bonds will not be registered under the U.S. Securities Act, limiting their sale to certain qualified buyers.
The most recent analyst rating on (AU:NAB) stock is a Buy with a A$35.50 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.
National Australia Bank Limited has announced the issuance of A$1.5 billion in subordinated medium-term notes due in July 2040, as part of its domestic Debt Issuance Programme. These notes are structured to convert into ordinary shares if deemed necessary by the Australian Prudential Regulation Authority to prevent the bank from becoming non-viable. This issuance is not expected to materially impact the bank’s financial position, but it will increase shareholders’ equity if conversion occurs. The notes are not available for sale in the United States, and the issuance is designed to comply with Australian regulatory requirements.
The most recent analyst rating on (AU:NAB) stock is a Buy with a A$34.80 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.