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How to buy Westpac Banking (WBC) shares in Australia

Learn how to easily invest in Westpac Banking shares.

Westpac Banking is a banks - diversified business based in Australia. Westpac Banking shares (WBC) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Westpac Banking has a trailing 12-month revenue of around $20.6 billion. If you're looking to buy shares, check out the steps below.

How to buy shares in Westpac Banking

To buy shares listed in Australia such as Westpac Banking, you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose. Then follow these steps.

  1. Open and fund your brokerage account.
    Complete an application with your personal and financial details, including your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  2. Search for Westpac Banking.
    Find the share by name or ticker symbol: WBC. Research its history to confirm it's a solid investment against your financial goals.
  3. Purchase now or later.
    Buy today with a market order or use a limit order to delay your purchase until Westpac Banking reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
  4. Decide on how many to buy.
    At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  5. Check on your investment.
    Congratulations, you own a part of Westpac Banking. Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.

Westpac Banking stock price (ASX:WBC)

Use our graph to track the performance of WBC stocks over time.

Westpac Banking shares at a glance

Information last updated 2024-06-12.
52-week range$19.0945 - $27.16
50-day moving average $26.3772
200-day moving average $23.8412
Target price$24.65
PE ratio 14.9218
Dividend yield $1.47 (5.62%)
Earnings per share (TTM) $1.79

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
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Is it a good time to buy Westpac Banking stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Westpac Banking price performance over time

Historical closes compared with the last close of A$26.97

1 week (2024-06-07) 26.97
1 month (2024-05-17) 0.75%
3 months (2024-03-18) 2.43%
6 months (2023-12-18) 19.97%
1 year (2023-06-16) 28.98%
2 years (2022-06-17) 40.54%
3 years (2021-06-18) 0.33%
5 years (2019-06-18) -3.95%

Is Westpac Banking under- or over-valued?

Valuing Westpac Banking stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Westpac Banking's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Westpac Banking's P/E ratio

Westpac Banking's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 15x. In other words, Westpac Banking shares trade at around 15x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Westpac Banking's PEG ratio

Westpac Banking's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.2665. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Westpac Banking's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Westpac Banking financials

Revenue TTM $20.6 billion
Operating margin TTM 52.44%
Gross profit TTM $19.3 billion
Return on assets TTM 0.63%
Return on equity TTM 9%
Profit margin 31.71%
Book value 20.906
Market capitalisation $93.6 billion

TTM: trailing 12 months

Westpac Banking's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Westpac Banking.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

Westpac Banking's total ESG risk score

Total ESG risk: 32.54

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Westpac Banking's overall score of 32.54 (as at 12/31/2018) is nothing to write home about – landing it in it in the 52nd percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like Westpac Banking is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

Westpac Banking's environmental score

Environmental score: 5.85/100

Westpac Banking's environmental score of 5.85 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that Westpac Banking is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

Westpac Banking's social score

Social score: 18.23/100

Westpac Banking's social score of 18.23 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that Westpac Banking is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

Westpac Banking's governance score

Governance score: 17.95/100

Westpac Banking's governance score puts it squarely in the 7th percentile of companies rated in the same sector. That could suggest that Westpac Banking is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

Westpac Banking's controversy score

Controversy score: 4/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. Westpac Banking scored a 4 out of 5 for controversy – the second-lowest score possible, reflecting that Westpac Banking has a damaged public profile.

Environmental, social, and governance (ESG) summary

Westpac Banking Corp was last rated for ESG on: 2019-01-01.

Total ESG score 32.54
Total ESG percentile 52.25
Environmental score 5.85
Environmental score percentile 7
Social score 18.23
Social score percentile 7
Governance score 17.95
Governance score percentile 7
Level of controversy 4

Westpac Banking share dividends

79%

Dividend payout ratio: 79.29% of net profits

Recently Westpac Banking has paid out, on average, around 79.29% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 5.62% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Westpac Banking shareholders could enjoy a 5.62% return on their shares, in the form of dividend payments. In Westpac Banking's case, that would currently equate to about A$1.47 per share.

Westpac Banking's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 8 May 2024 (the "ex-dividend date").

Have Westpac Banking's shares ever split?

Westpac Banking's shares were split on 16 October 1997.

Westpac Banking share price volatility

Over the last 12 months, Westpac Banking's shares have ranged in value from as little as $19.0945 up to $27.16. A popular way to gauge a stock's volatility is its "beta".

WBC.AU volatility(beta: 0.87)Avg. volatility(beta: 1.00)LowHigh

Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Westpac Banking's is 0.868. This would suggest that Westpac Banking's shares are less volatile than average (for this exchange).

Westpac Banking overview

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.

Westpac Banking in the news

There are no recent company news

Past developments

19 January 2023: Westpac is assessing whether to retain its investment platforms unit as the long-standing sale process for the Panorama business fails to make progress. Media reports indicate a project team at the bank is gauging how the unit can be improved and structured if Westpac holds on to it.
16 January 2023: Investment bank Goldman Sachs is expecting a 20% increase in cash earnings for the major banks in 2023 as margins expand in a rising interest rate environment. Goldman analysts reiterated a “buy” rating and a $27.60 price target on Westpac shares, implying an 18% upside from current levels.

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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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