Bank of Queensland Limited (BOQ.AX)
Financial Services · ASX · Australia
Fundamentals
Valuation and ratings
Bank of Queensland Limited trades at AUD6.37, which is 41% below the AUD8.99 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 17 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 42.6 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
BOQ.AX dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | AUD0.200 | 1 |
| 2025 | AUD0.380 | 2 |
| 2024 | AUD0.340 | 2 |
| 2023 | AUD0.410 | 2 |
| 2022 | AUD0.460 | 2 |
| 2021 | AUD0.390 | 2 |
| 2020 | AUD0.117 | 1 |
| 2019 | AUD0.631 | 2 |
| 2018 | AUD0.738 | 2 |
| 2017 | AUD0.816 | 2 |
| 2016 | AUD0.738 | 2 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
BOQ.AX earnings and analyst estimates
Recommendation mix, 14 analyst ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Bank of Queensland Limited
Bank of Queensland Limited, together with its subsidiaries, engages in the provision of financial services in Australia. The company operates through Retail Bank and BOQ Business segments. It offers banking and savings accounts; term deposits; transaction accounts; business bank accounts; debit and credit cards; home and contents insurance; car insurance; business banking support products; foreign exchange and trade services; and merchant and payment products. The company also provides personal loans; home loans, such as refinancing; business loans, as well as business overdraft, self-managed super fund loan, and equipment and vehicle finance; and banking solutions for agribusiness, corporate and property, and healthcare. Bank of Queensland Limited was founded in 1874 and is based in Newstead, Australia.
BOQ.AX passes 4 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Bank of Queensland Limited (BOQ.AX) undervalued?
Against our discounted cash flow estimate of AUD8.99, BOQ.AX at AUD6.37 is 41% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is BOQ.AX's P/E ratio?
BOQ.AX trades at 42.6 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Bank of Queensland Limited (BOQ.AX) pay a dividend?
Yes. Bank of Queensland Limited yields 6.25% at the current share price. It has paid AUD0.400 per share over the trailing twelve months. It has paid a dividend in each of the last 38 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.