Valuation as at 2026-08-04 · refreshed with the ASX 300 Most Undervalued screen
About National Australia Bank Limited
National Australia Bank Limited provides financial services to individuals and businesses in Australia, New Zealand, Europe, Asia, the United States, and internationally. The company operates through Business and Private Banking; Personal Banking; Corporate and Institutional Banking; New Zealand Banking; and Corporate Functions and Other segments. It accepts transaction accounts, savings accounts, debit cards, and term deposits; and specialized accounts, such as foreign currency, business interest, cash maximiser, farm management, community free saver, statutory trust, and project bank accounts, as well as farm management deposits.
Source: Yahoo Finance company profile · factual description, not KashVector commentary
National Australia Bank Limited NAB.AX
Financial Services · Banks - Diversified
NAB.AX's price & financial trends
Annual reporting periods — this market does not have reliable quarterly data on Yahoo (either it isn’t required, or coverage is incomplete), so annual is the most granular consistent series across free cash flow and dividends.
Data refreshed 2026-08-04
Share price · last 2 years
Earnings per share (diluted)
Return on equity
Dividend per share
🏦 Bank/Insurer — valued with the Dividend Discount Model
DCF is not used for bank/insurer stocks: deposits or reserves are a raw material rather than funding, so there's no clean free cash flow. This valuation uses the Dividend Discount Model (DDM) instead.
Intrinsic value estimate · 5-year forecast
Assumptions used in this valuation
Every input below is either fetched live from Yahoo Finance or a documented default — nothing is hidden.
| Bear | Base | Bull | |
|---|---|---|---|
| Dividend growth | 2.0% | 4.0% | 6.0% |
| Terminal growth | 2.5% | 2.5% | 2.5% |
| Cost of equity | 10.12% | 9.12% | 8.12% |
Cost of Equity (CAPM) = Risk-free rate + Beta × Equity Risk Premium = 4.80% + 0.72 × 6.00% = 9.12%
These numbers come from running National Australia Bank Limited's dividends through the mechanical DDM formula and assumptions above — not from any view on the news, management, or NAB.AX's competitive position. What is DDM?
Want to test your own dividend growth or cost-of-equity assumptions?Open the full interactive calculator, pre-filled with NAB.AX →
More ASX 300 Most Undervalued stocks
Not financial advice. DDM valuations are highly sensitive to assumptions — small changes in growth rate or discount rate produce large swings in output. This is a mechanical calculation, not a recommendation to buy, hold, or sell.
About this valuation
Refreshed on the same cycle as the ASX 300 Most Undervalued screen. Change any assumption yourself in the full interactive tool.
Frequently asked questions
Is NAB.AX undervalued?
The Base-case DDM estimates intrinsic value at $28.08 vs a current price of $42.85 — a -34.5% margin, so the Base case reads overvalued. This is a mechanical output, not advice.