National Australia Bank (NABZY)
OTHER OTC:NABZY
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National Australia Bank
(OTC:NABZY)
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Rating:62Neutral
Price Target:
$16.50
â–²(18.03% Upside)
Action:ReiteratedDate:12/30/25
The score is held back primarily by inconsistent earnings quality and especially volatile cash generation, plus balance-sheet caution from the 2025 equity step-down. These risks are partly offset by a positive technical trend, supportive dividend yield, and a generally constructive earnings-call read (growth in business lending/deposits and solid capital), despite higher impairments and cost headwinds.
Positive Factors
Business lending growth
Sustained 5.8% H2 growth in business lending indicates durable expansion of core loan volumes and deeper commercial client relationships. Over 2–6 months this supports stable interest income, cross-sell opportunities, and higher fee potential, strengthening the bank's franchise and recurring revenue base.
Negative Factors
Volatile cash generation
Pronounced multi-year swings in operating and free cash flow undermine predictability of internal funding, complicate capital allocation, and weaken confidence in dividend sustainability. Persistent volatility raises the risk that episodic recoveries won’t translate into reliable cash conversion.
Read all positive and negative factors
Positive Factors
Negative Factors
Business lending growth
Sustained 5.8% H2 growth in business lending indicates durable expansion of core loan volumes and deeper commercial client relationships. Over 2–6 months this supports stable interest income, cross-sell opportunities, and higher fee potential, strengthening the bank's franchise and recurring revenue base.
Read all positive factors
National Australia Bank (NABZY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$92.68B
Dividend Yield3.92%
Average Volume (3M)9.49K
Price to Earnings (P/E)10.6
Beta (1Y)0.59
Revenue Growth-6.80%
EPS Growth-3.92%
CountryUS
Employees39,976
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)0.35
Shares Outstanding6,135,194,000
10 Day Avg. Volume9,359
30 Day Avg. Volume9,489
Financial Highlights & Ratios
PEG Ratio-3.36
Price to Book (P/B)2.14
Price to Sales (P/S)2.30
P/FCF Ratio19.52
Enterprise Value/Market Cap4.59
Enterprise Value/Revenue11.00
Enterprise Value/Gross Profit21.33
Enterprise Value/Ebitda80.62
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.88
Revenue Forecast (FY)$15.56B
National Australia Bank Business Overview & Revenue Model
Company Description
National Australia Bank Limited provides financial services to individuals and businesses in Australia, New Zealand, and internationally. It operates through Business and Private Banking, Personal Banking, Corporate and Institutional Banking, and ...
How the Company Makes Money
NAB primarily makes money by earning net interest income: it pays interest on customer deposits and wholesale funding and earns interest on loans and other interest-earning assets, with the spread (net interest margin) forming a major source of re...
National Australia Bank Earnings Call Summary
Earnings Call Date:Nov 05, 2025
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 04, 2026
Earnings Call Sentiment Neutral
The earnings call reflects a balanced outcome with strong business lending growth, technology modernization, and revenue growth being offset by higher impairment charges, stable cash earnings, and challenges in certain customer segments. The bank remains focused on its strategic priorities and improving customer experiences.Positive Updates
Strong Business Lending Growth
Australian business lending balances increased by 5.8% in the second half, marking the strongest half-yearly improvement in 3.5 years.
Negative Updates
Higher Impairment Charges
Impairment charges increased due to higher individually assessed charges, particularly in Corporate & Institutional Banking and New Zealand.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Business Lending Growth
Australian business lending balances increased by 5.8% in the second half, marking the strongest half-yearly improvement in 3.5 years.
Read all positive updates
Company Guidance
During the National Australia Bank (NAB) Full Year 2025 Results Presentation, the bank reported a stable cash return on equity of 11.4%, slightly down from the previous year, and declared a final dividend of $0.85, totaling $1.70 for the year, representing 73.3% of cash earnings. NAB's common equity Tier 1 capital ratio stood at 11.7%, comfortably above the target, with a pro forma ratio of 11.81% after the sale of its remaining 20% interest in MLC Life. The bank's cash earnings remained stable, driven by a 2.9% revenue growth, despite higher impairment charges and costs from payroll issue remediation. They successfully increased business lending balances by 5.8% in the second half, marking the strongest improvement in 3.5 years, and achieved 14% growth in business transaction account balances. NAB's strategy focused on growing its business banking franchise, driving deposit growth, and enhancing home lending, with significant progress noted across these priorities. The liquidity coverage ratio and net stable funding ratio remained above minimum requirements, while the share of total lending funded by customer deposits rose to 84%, up from 70% in 2019.National Australia Bank Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
41
Neutral
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 58.68B | 20.62B | 19.83B | 18.45B | 16.93B |
| Gross Profit | 19.50B | 20.62B | 20.63B | 18.45B | 16.68B |
| EBITDA | 10.00B | 0.00 | 0.00 | 10.86B | 10.11B |
| Net Income | 6.58B | 6.96B | 7.41B | 6.89B | 6.36B |
Balance Sheet | |||||
| Total Assets | 1.11T | 1.08T | 1.06T | 1.06T | 925.97B |
| Cash, Cash Equivalents and Short-Term Investments | 167.24B | 112.94B | 120.20B | 144.53B | 109.21B |
| Total Debt | 290.45B | 296.68B | 196.31B | 486.90B | 169.84B |
| Total Liabilities | 1.05T | 1.02T | 997.58B | 996.09B | 863.19B |
| Stockholders Equity | 63.09B | 61.45B | 61.15B | 59.03B | 62.78B |
Cash Flow | |||||
| Free Cash Flow | 6.92B | -37.22B | -27.89B | 27.14B | -99.00M |
| Operating Cash Flow | 8.29B | -35.78B | -17.54B | 28.22B | 759.00M |
| Investing Cash Flow | -5.56B | 4.69B | -4.21B | -8.70B | -3.69B |
| Financing Cash Flow | 2.65B | 9.92B | -2.18B | 6.01B | -22.05B |
National Australia Bank Technical Analysis
Negative
13.98
Price Trends
15.87
Negative
14.82
Negative
14.19
Positive
Market Momentum
-0.52
Positive
33.93
Neutral
29.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NABZY, the sentiment is Negative. The current price of 13.98 is below the 20-day moving average (MA) of 15.59, below the 50-day MA of 15.87, and below the 200-day MA of 14.19, indicating a neutral trend. The MACD of -0.52 indicates Positive momentum. The RSI at 33.93 is Neutral, neither overbought nor oversold. The STOCH value of 29.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NABZY.
National Australia Bank Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $125.68B | 11.69 | 18.53% | 3.27% | 7.52% | 10.40% | |
71 Outperform | $76.01B | 11.24 | 12.46% | 4.14% | 2.20% | -0.17% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | $92.68B | 10.62 | 8.08% | 3.92% | -6.80% | -3.92% | |
61 Neutral | $252.25B | 13.89 | 11.78% | 1.80% | -4.37% | 26.41% | |
60 Neutral | $74.54B | 9.29 | 9.41% | 1.71% | 17.50% | 49.25% | |
58 Neutral | $60.82B | 4.48 | 14.33% | 3.67% | 7.43% | 30.31% |
* Financial Sector Average
NABZY
National Australia Bank
14.87
5.30
55.28%
BBVA
Banco Bilbao
22.22
10.86
95.63%
BCS
Barclays
21.91
9.47
76.08%
ING
ING Groep
26.89
11.17
71.03%
NWG
NatWest Group
15.34
5.37
53.92%
WFC
Wells Fargo
81.75
20.99
34.54%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.