Sir David Higgins of Commonwealth Bank of Australia in second quartile of Large MCap Director Scorecard for past quarter
Sir David Higgins's performance as Director of Commonwealth Bank of Australia is ranked in the second quartile of BuySellSignals News Bites' Large MCap performers for the past quarter; a percentile ranking of 65.8. The shares were up 5.5% in AUD terms for the quarter ended August 07, 2019. In USD terms the price rise was 2.8%.
SECTION 1 BIOGRAPHY SIR DAVID HIGGINS, INDEPENDENT NON-EXECUTIVE DIRECTOR
Director of the Bank since September 2014. Sir David Higgins is the Chairman of the Remuneration Committee and a member of the Risk Committee.
Sir David is the Chairman of High Speed Two (HS2) Ltd, the company responsible for developing and promoting the UK's new high speed rail network. He is a senior advisor to Global Infrastructure Partners (US) and to Lone Star Funds. Prior to that, he was Chief Executive Officer of Network Rail Infrastructure Ltd which is involved in the maintenance and development of railway infrastructure throughout the UK.
From 2006 until 2011, he was Chief Executive Officer of the Olympic Delivery Authority where he oversaw the creation of the London 2012 Olympic Games venues, the Olympic Village and transport projects.
For the three years prior to 2005, he was Chief Executive Officer of English Partnerships, the UK Government's national housing and regeneration agency. In 1985, he joined Lend Lease, and was Managing Director and Chief Executive Officer of Lend Lease from 1995 until 2002.
Other Directorships and Interests: High Speed Two (HS2) Ltd (Chairman).
Qualifications: Bachelor of Engineering (Civil), USyd, and Diploma, Securities Institute of Australia.
Sir David is a resident of London, United Kingdom. Age 62.
SECTION 2 COMMONWEALTH BANK OF AUSTRALIA ACTIVITIES
Commonwealth Bank of Australia (CBA) is Australia's leading providers of integrated financial services, providing retail, business and institutional banking, funds management, superannuation, life insurance, general insurance, broking services and finance company activities. Their operations are conducted primarily in Australia and New Zealand. In addition, they also operate in a number of other countries, including the United Kingdom, the United States, China, Japan, Singapore, Hong Kong, Indonesia and South Africa.
SECTION 3 OTHER DIRECTORS OF COMMONWEALTH BANK OF AUSTRALIA
Matt Comyn, Chief Executive Officer & Managing Director
Catherine Livingstone, Chairman & Independent Non-Executive Director
Alan Docherty, Chief Financial Officer
Wendy Stops, Independent Non-Executive Director
Andrew Mohl, Independent Non-Executive Director
Brian Long, Independent Non-Executive Director
Robert Whitfield, Independent Non-Executive Director
Sir David Higgins, Independent Non-Executive Director
Anne Templeman-Jones, Independent Non-Executive Director
Shirish Apte, Independent Non-Executive Director
Mary Padbury, Non-Executive Independent Director
Clare McManus, Company Secretary
SECTION 4 RECENT NEWS ON DIRECTORS
4.1 SHAREHOLDER VALUE ADDED BY DIRECTORS
14 June 2019
Mary Padbury starts fourth year as Commonwealth Bank of Australia Non-Executive Independent Director
Mary Padbury was appointed Non-Executive Independent Director of Commonwealth Bank of Australia (ASX:CBA) three years ago on June 14, 2016. The shares were up from $A62.2 to $A79.8 and the total annualized return to shareholders (TRS) since appointment is 15.3%. The present value of AUD1,000 (PV1000) invested on the appointment date is now worth $A1,533, a gain of $A282 and dividend reinvested of $A251.
10 June 2019
Shirish Apte starts sixth year as Commonwealth Bank of Australia Independent Non-Executive Director
Shirish Apte was appointed Independent Non-Executive Director of Commonwealth Bank of Australia (ASX:CBA) five years ago on June 10, 2014. The shares were up from $A62.5 to $A80.0 and the total annualized return to shareholders (TRS) since appointment is 11.7%. The present value of AUD1,000 (PV1000) invested on the appointment date is now worth $A1,740, a gain of $A281 and dividend reinvested of $A459.
SECTION 5 COMMONWEALTH BANK OF AUSTRALIA PRICE PERFORMANCE SCORECARD (Australian:CBA):
5.1 The Past Year
Six-bagger Commonwealth Bank of Australia adds 14%
Commonwealth Bank of Australia (ASX:CBA), added $A9.96 (or 14.5%) in the past year to close at $A78.70 today. Compared with the All Ordinaries Index which has risen 3.6% over the same period, this is a relative price increase of 10.9%. A six-bagger, the value of AUD1,000 invested ten years ago is $A6,164 [vs $A1,531 for the All Ordinaries Index], for a capital gain of $A2,002 and dividend re-invested of $A3,162. The average annualised return to shareholders [TSR or Total Shareholder Return] has been 19.9% in the past ten years.
5.2 MCap History:
MCap: 5-Year Perspective
In the past 5 years Market Capitalization has increased by $A7.1 billion from $A132.2 billion to $A139.3 billion. Based on a dynamic start date of 5 years ago, there have been declines in MCap in 4 out of 5 years.
| || Price||MCap (AUD B)||MCap (US$ B)|
|1 Year ago||$A68.74||128.3||94.8|
|2 Years ago||$A72.03||139.6||110.9|
|3 Years ago||$A64.44||130.6||99.7|
|4 Years ago||$A67.38||137.6||101.3|
|5 Years ago||$A61.91||132.2||123|
5.3 Moving Annual Return (Past 5 years)
Based on a dynamic start date of 5 years ago, the real rate of return has averaged 11.6%. The Moving Annual Return has consistently exceeded 1%.
|CBA||Close (AUD)||Dividends (AUD)||Capital Gain / (Loss) %||% Yield||Annual Return %|
|1 Yr ago||68.74||4.3||(4.6)||6||1.4|
|2 Yrs ago||72.03||4.21||11.8||6.5||18.3|
|3 Yrs ago||64.44||4.2||(4.4)||6.2||1.9|
|4 Yrs ago||67.38||4.16||8.8||6.7||15.5|
Close 5 years ago $A61.91
5.4 Present Value of $A1000 invested in the past
The present value of $A1000 invested a year ago is $A1,215
|All Ordinaries Index||955||978||1,039|
5.5 Trailing Price Change %
1-Year price change of 14.5% for Commonwealth Bank of Australia outperformed the change of 3.6% in the All Ordinaries Index for a relative price change of 10.9%.
|Price Change %||1-Month||3-Month||1-Year|
|All Ordinaries Index||-3.6||3.2||3.6|
SECTION 6 COMMONWEALTH BANK OF AUSTRALIA FINANCIALS AND GROWTH PERFORMANCE SCORECARD (Australian:CBA):
6.1 Key Financials (All figures percent)
Return on Equity deteriorated from 15.4% in 2016 to 12.0% in 2019 and EPS Growth deteriorated from -2.0% in 2016 to -8.7% in 2019.
|CBA||Revenue Growth||EPS Growth||Operating Margin||ROE|
Annual Trend in EPS and EBITDA:
+ Profit growth and EBITDA growth have shown signs of deterioration in recent years. [Year ended, all figures in %]
|Year||EPS Growth||EBITDA Growth|
6.3 Revenue and Net Profit
In the last 3 years Compound Annual Growth Rate (CAGR) averaged 30.0% for EBITDA and -3.3% for Net Profit.
|Description||Annual ($A B)||Annual ($US B)||3-year Avg ($A B)||3-year Avg ($US B)||3-year CAGR %|
CAGR = Compound Annual Growth Rate
6.4 Performance (All figures in %)
Return on Capital Employed 3-year average is 28.2%.
|Return on Equity||12.0||13.6|
|Return on Assets||0.9||0.9|
|Return on Capital Employed||40.5||28.2|
6.5 High Performance Indicator and rank of Commonwealth Bank of Australia in the Australian market:
|Description||CBA Value||Rank In Australian Market|
|Turnover in Quarter||$A15.5 billion||In Top 1%|
SECTION 7 COMMONWEALTH BANK OF AUSTRALIA GLOBAL RANK (Australian:CBA):
7.1 Global Rank
Rank in the All Ordinaries Index [out of 493 stocks]
|Total Assets (US$)||653.2B||1|
|Net Profit (US$)||6.2B||2|
|Return on Equity %||13.8||164|
|Price to Book||2.4||189|
|PV$1000 (1Year) US$*||1,101||163|
|% Change YTD||11.8||247|
Aug 07, 2019: AUD 1 equals USD 0.6699
Commonwealth Bank of Australia