` Comparison: CBA, NAB - Alpha Spread

CBA
vs
NAB

Over the past 12 months, CBA has significantly outperformed NAB, delivering a return of +28% compared to the NAB's 1% drop.

Smart Verdict
AI-Powered

Not Sure Which Stock Wins?
Let AI Decide.
CBA
NAB
One-click summary across all key metrics.
Ranked results with clear takeaways.
No spreadsheets, no guesswork.
One-click summary across all key metrics.
Ranked results with clear takeaways.
No spreadsheets, no guesswork.
Start AI Comparison
Valuation
Growth
Profitability
Solvency
Comparing Valuation
Running a multi-layered valuation analysis to compare how attractive each stock is.
Comparing Growth
Financial growth, forecasts, volatility, and historical drawdowns.
Comparing Profitability
Margins, returns on capital, and the consistency of profitability.
Comparing Solvency
Debt levels, liquidity, interest coverage, and bankruptcy risk.
Summarizing...
We need a little more time to summarize the results

Valuation Comparison

CBA Intrinsic Value
103.75 AUD
Overvaluation 40%
Intrinsic Value
Price
NAB Intrinsic Value
32.8 AUD
Overvaluation 13%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Commonwealth Bank of Australia
ASX:CBA
172.87 AUD
National Australia Bank Ltd
ASX:NAB
37.51 AUD
Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
CBA, NAB

CBA
NAB
Add Stock
Revenue
www.alphaspread.com
Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Commonwealth Bank of Australia
Revenue
National Australia Bank Ltd
Revenue

All metrics are calculated based on data from the last 10 years.

Profitability Comparison

Free Cash Flow
CBA, NAB

CBA
NAB
Add Stock
Free Cash Flow
www.alphaspread.com
Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Commonwealth Bank of Australia
ASX:CBA
FCF is not applicable for financial companies
National Australia Bank Ltd
ASX:NAB
FCF is not applicable for financial companies
What is Free Cash Flow?

Gross Margin

CBA
NAB
LTM 3Y Avg 5Y Avg 10Y Avg
Commonwealth Bank of Australia
Not applicable for financial companies
National Australia Bank Ltd
Not applicable for financial companies

Operating Margin

CBA
NAB
LTM 3Y Avg 5Y Avg 10Y Avg
Commonwealth Bank of Australia
Not applicable for financial companies
National Australia Bank Ltd
Not applicable for financial companies

Net Margin

CBA
35.1%
NAB
32.4%

FCF Margin

CBA
NAB
LTM 3Y Avg 5Y Avg 10Y Avg
Commonwealth Bank of Australia
Not applicable for financial companies
National Australia Bank Ltd
Not applicable for financial companies

ROE

CBA
13.2%
NAB
11.1%

ROA

CBA
0.8%
NAB
0.6%

ROIC

CBA
NAB
LTM 3Y Avg 5Y Avg 10Y Avg
Commonwealth Bank of Australia
Not applicable for financial companies
National Australia Bank Ltd
Not applicable for financial companies

ROCE

CBA
NAB
LTM 3Y Avg 5Y Avg 10Y Avg
Commonwealth Bank of Australia
Not applicable for financial companies
National Australia Bank Ltd
Not applicable for financial companies

Solvency Comparison

Balance Sheet Comparison

Stocks Performance

Stocks Performance
CBA, NAB

Loading

Performance Gap
CBA, NAB

Loading
CBA
NAB
Difference
www.alphaspread.com

Performance By Year
CBA, NAB

Loading
CBA
NAB
Add Stock
Not Sure Which Stock Wins?
Let AI Decide
One-click summary across all key metrics.
Ranked results with clear takeaways.
No spreadsheets, no guesswork.
Start AI Comparison
Compare CBA to other stocks
Unlock Full Access to Alpha Spread
Create Free Account