Bank of Queensland Ltd

BOQ.AU · Financial Services · Banks - Regional · AUD · Fundamentals
Financials

Banks, insurers, and other financials hold few plants and little inventory, so a physical-asset screen is a poor fit. The ratios below are still the latest annual figures. Capex is 0.24x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. EBITDA after capex covers debt service by 0.07x, which is below 1.

Fixed-asset turnover is 30.29x. Compare it with other names in the same basket.

Physical asset ratio
0.2%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
30.29x
Revenue per dollar of the physical asset base.
Capex / D&A
0.24x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$7.31
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
0.94x
Price $6.87.
Fixed-charge coverage
0.07x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
3.8%
Latest free cash flow divided by current market cap ($4.51B).
ROIC
1.2%
After-tax operating income over equity plus debt minus cash. Operating income / net PP&E is 1.78x.

Footprint and return

Turnover and reinvestment

Year Physical FAT Capex/D&A TBV/sh Coverage FCF ROIC EBIT/PP&E
2018 0.1% 18.95x 0.18x $5.86 -0.06x -$521.00M 2.9% 9.84x
2019 0.1% 19.75x 0.23x $5.48 0.35x -$1.81B 2.2% 9.33x
2020 0.3% 6.25x 0.92x $6.10 0.61x $481.00M 1.3% 2.00x
2021 0.2% 6.43x 1.42x $9.15 0.44x $253.00M 1.7% 2.69x
2022 0.3% 6.19x 3.91x $7.38 0.17x -$1.45B 2.7% 2.35x
2023 0.2% 21.33x 1.07x $6.20 0.14x $3.42B 2.2% 3.01x
2024 0.1% 35.77x 1.53x $5.86 0.08x -$1.05B 2.7% 3.99x
2025 0.2% 30.29x 0.24x $7.31 0.07x $172.00M 1.2% 1.78x
  • Inventory was missing and treated as zero in the physical asset ratio.
  • Principal due is short-term debt, the amount reported as due within a year.
  • The effective tax rate was above 40% and was capped at 40% for ROIC.
Latest year inputs (2025)
Net PP&E: $156.00M
Inventory: $0.00
Total assets: $100.53B
Goodwill: $397.00M
Intangibles: $646.00M
Liabilities: $94.62B
Tangible book: $4.86B
Shares: 665,278,860
Revenue: $4.73B
Capex: $13.00M
D&A: $54.00M
EBITDA: $332.00M
Interest: $3.53B
Short-term debt: $1.00B
Free cash flow: $172.00M
Operating income: $278.00M
Invested capital: $13.59B
Tax rate: 40.0%