Professional
Added to YB: 2024-08-09
Pitch date: 2024-07-31
CBA.AX [bearish]
Commonwealth Bank of Australia
-18.31%
current return
Author Info
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Company Info
Commonwealth Bank of Australia provides retail and commercial banking services in Australia, New Zealand, and internationally.
Market Cap
AUD 257.5B
Pitch Price
AUD 131.82
Price Target
N/A
Dividend
3.02%
EV/EBITDA
N/A
P/E
26.44
EV/Sales
N/A
Sector
Banks
Category
value
Show full summary:
L1 Long Short Fund Limited is short Commonwealth Bank of Australia
CBA.AX: Up 8% on P/E expansion, FY25 P/E ~23x (4.1 SD above 30-yr avg), P/TBV ~3.4x - highest ever for large cap dev mkt bank. Limited growth, tail risk in econ weakness. Dominant mkt share, but priced to perfection. Low 3.6% div yield. Short thesis due to overvaluation despite operational strength.
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