WBC - Westpac

[Snoopy]

Westpac Group (WBC)	FY2016	FY2015	FY2014	FY2013	FY2012
Normalized Profit {A}	$7,605m	$7,527m	$7,338m	$6,792m	$6,328m
Shareholder Equity EOFY {B}	$58,181m	$53,915m	$49,337m	$47,537m	$46,219m
Return on Shareholder Equity {A}/{B}	13.1%	14.0%	14.9%	14.3%	13.7%

We aren't far away from that 15% ROE hurdle in any of the last five years. But near enough is not good enough.

Result: Fail Test

SNOOPY