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Alternative stocks to Westpac Banking (ASX:WBC)


These are the alternatives to Westpac Banking that fall within the same industry, Diversified Banks, or region, Australia.

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For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:

Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".

Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".

Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.

Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.

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See Westpac Banking Performance

Westpac Banking stock research in summary

westpac.com.au


Westpac Banking shares are more expensive than other comparable stocks. While they are safely financed, they are poor value, and show below average growth. We recommend evaluating whether the future of the company Westpac Banking is really as positive as the high price of the shares suggests. If you come to the conclusion that the future for this company is only average, that could be a reason to sell this share.


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Country Australia
Industry Diversified Banks
Index
Size class XX-Large

Large companies - similar industry as Westpac Banking

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. KB Financial Group (XXL, KR)  Diversified Banks
1. KB Financial Group (XXL, KR)   Diversified Banks 86 96 64 94
2. Hana Financial (XXL, KR)  Diversified Banks
2. Hana Financial (XXL, KR)   Diversified Banks 94 58 52 83
3. OCBC Group (XXL, SG)  Diversified Banks
3. OCBC Group (XXL, SG)   Diversified Banks 70 22 94 77
4. Mizuho Financial (XXL, JP)  Diversified Banks
4. Mizuho Financial (XXL, JP)   Diversified Banks 62 63 64 77
5. UOB Group (XXL, SG)  Diversified Banks
5. UOB Group (XXL, SG)   Diversified Banks 68 23 97 75
6. Woori (XXL, KR)  Diversified Banks
6. Woori (XXL, KR)   Diversified Banks 98 75 10 73
7. Heartland Group (XXL, NZ)  Diversified Banks
7. Heartland Group (XXL, NZ)   Diversified Banks 88 65 26 70
8. Sumitomo Mitsui Financial Group (XXL, JP)  Diversified Banks
8. Sumitomo Mitsui Financial Group (XXL, JP)   Diversified Banks 46 90 42 68
9. Mitsubishi UFJ Financial (XXL, JP)  Diversified Banks
9. Mitsubishi UFJ Financial (XXL, JP)   Diversified Banks 28 94 52 64
10. ANZ Banking (XXL, AU)  Diversified Banks
10. ANZ Banking (XXL, AU)   Diversified Banks 44 33 94 62

March 21, 2024

Why popular stocks have low ratings

It’s easier said than done. When your stock drops, it’s easy to want to sell it and find a better performer. Think twice, or even three times, before trading. Those fees (especially the hidden ones) can eat up your gains.

Large companies - similar region as Westpac Banking

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. AGL (XL, AU)  Multi-Utilities
1. AGL (XL, AU)   Multi-Utilities 91 63 81 94
2. Metcash (XL, AU)  Food Distributors
2. Metcash (XL, AU)   Food Distributors 94 65 46 92
3. Whitehaven Coal (XL, AU)  Coal & Consumable Fuels
3. Whitehaven Coal (XL, AU)   Coal & Consumable Fuels 85 33 96 87
4. Downer EDI (XL, AU)  Diversified Support Services
4. Downer EDI (XL, AU)   Diversified Support Services 95 93 11 84
5. Suncorp (XL, AU)  Property & Casualty Insurance
5. Suncorp (XL, AU)   Property & Casualty Insurance 39 76 36 82
6. Bluescope Steel (XXL, AU)  Steel
6. Bluescope Steel (XXL, AU)   Steel 74 41 87 77
7. IAG (XL, AU)  Property & Casualty Insurance
7. IAG (XL, AU)   Property & Casualty Insurance 51 97 90 76
8. GrainCorp (XL, AU)  Food Distributors
8. GrainCorp (XL, AU)   Food Distributors 61 35 90 75
9. LendLease (XL, AU)  Real Estate: Diversified Operations
9. LendLease (XL, AU)   Real Estate: Diversified Operations 82 67 10 67
10. Medibank Private (XL, AU)  Life & Health Insurance
10. Medibank Private (XL, AU)   Life & Health Insurance 45 39 54 66

March 21, 2024


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Mid sized companies - similar industry as Westpac Banking

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Perpetual (M, AU)  Asset Management & Custody
1. Perpetual (M, AU)   Asset Management & Custody 73 33 82 80
2. Steadfast Group (M, AU)  Insurance Brokers
2. Steadfast Group (M, AU)   Insurance Brokers 8 94 65 77
3. Insignia Financial (L, AU)  Asset Management & Custody
3. Insignia Financial (L, AU)   Asset Management & Custody 100 15 54 67
4. Humm (M, AU)  Consumer Finance
4. Humm (M, AU)   Consumer Finance 98 67 4 64
5. Australian Finance Group (M, AU)  Thrifts & Mortgage Finance
5. Australian Finance Group (M, AU)   Thrifts & Mortgage Finance 64 10 81 57
6. Magellan Financial Group (M, AU)  Asset Management & Custody
6. Magellan Financial Group (M, AU)   Asset Management & Custody 51 7 90 54
7. ASX (M, AU)  Financial Exchanges & Data
7. ASX (M, AU)   Financial Exchanges & Data 18 29 94 45
8. Challenger (L, AU)  Other Financial Services
8. Challenger (L, AU)   Other Financial Services 39 25 81 42
9. NIB (L, AU)  Life & Health Insurance
9. NIB (L, AU)   Life & Health Insurance 58 71 20 36
10. Pendal Group (M, AU)  Asset Management & Custody
10. Pendal Group (M, AU)   Asset Management & Custody 47 17 70 32

March 21, 2024


Mid sized companies - similar region as Westpac Banking

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Ramelius Resources (M, AU)  Gold Production
1. Ramelius Resources (M, AU)   Gold Production 64 99 89 100
2. Champion Iron (L, AU)  Steel
2. Champion Iron (L, AU)   Steel 72 91 65 98
3. Coronado Global Resources (L, AU)  Steel
3. Coronado Global Resources (L, AU)   Steel 92 27 54 96
4. Beach (L, AU)  Oil & Gas Production
4. Beach (L, AU)   Oil & Gas Production 84 65 81 96
5. Westgold Resources (M, AU)  Gold Production
5. Westgold Resources (M, AU)   Gold Production 57 97 65 91
6. Austal (L, AU)  Aerospace & Defense
6. Austal (L, AU)   Aerospace & Defense 51 99 49 89
7. Perenti (L, AU)  Diversified Metals & Mining
7. Perenti (L, AU)   Diversified Metals & Mining 100 57 46 86
8. Collins Foods (L, AU)  Restaurants
8. Collins Foods (L, AU)   Restaurants 85 87 17 83
9. Perpetual (M, AU)  Asset Management & Custody
9. Perpetual (M, AU)   Asset Management & Custody 73 33 82 80
10. Steadfast Group (M, AU)  Insurance Brokers
10. Steadfast Group (M, AU)   Insurance Brokers 8 94 65 77

March 21, 2024



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