BEN Stock Overview

Engages in the provision of banking and other financial services to retail customers and small to medium sized businesses in Australia. More details

BEN fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	1/6
Past Performance	2/6
Financial Health	6/6
Dividends	3/6

Rewards

Trading at 6.5% below our estimate of its fair value

Earnings are forecast to grow 3.5% per year

Risk Analysis

Unstable dividend track record

Community vs My Fair Value

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Bendigo and Adelaide Bank

Analyst Price Target

Consensus Narrative from 11 Analysts

Closure Of The Homesafe Portfolio Will Reduce Long-Term Revenue Streams

Key Takeaways Rising costs and economic headwinds may hinder lending growth, reduce loan demand, and compress net margins due to increased operational expenses. Investments in digital platforms and capabilities could temporarily raise expenses and depress earnings, while closure of Homesafe may reduce long-term revenues.

View narrative

AU$11.52

5.1% undervalued

4.41%

Revenue growth p.a.

12 days ago

View Bendigo and Adelaide Bank Community

My Notes

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Bendigo and Adelaide Bank Limited Competitors

Bank of Queensland

ASX:BOQ

AU$4.4b

MyState

ASX:MYS

AU$462.6m

Auswide Bank

ASX:ABA

AU$264.7m

BSP Financial Group

ASX:BFL

AU$3.6b

Price History & Performance

Summary of share price highs, lows and changes for Bendigo and Adelaide Bank
Historical stock prices
Current Share Price	AU$10.93
52 Week High	AU$13.68
52 Week Low	AU$9.41
Beta	1.13
1 Month Change	-18.07%
3 Month Change	-19.63%
1 Year Change	14.69%
3 Year Change	14.09%
5 Year Change	18.93%
Change since IPO	235.28%

Bendigo and Adelaide Bank (ASX:BEN) Is Paying Out A Dividend Of A$0.30

Feb 19

Recent updates

Bendigo and Adelaide Bank (ASX:BEN) Is Paying Out A Dividend Of A$0.30

Feb 19

Bendigo and Adelaide Bank (ASX:BEN) Has Announced That It Will Be Increasing Its Dividend To A$0.33

Aug 28

Here's Why We Think Bendigo and Adelaide Bank (ASX:BEN) Might Deserve Your Attention Today

May 08

Bendigo and Adelaide Bank (ASX:BEN) Will Pay A Larger Dividend Than Last Year At A$0.32

Sep 02

Bendigo and Adelaide Bank (ASX:BEN) Has Announced That It Will Be Increasing Its Dividend To A$0.32

Aug 19

Bendigo and Adelaide Bank Limited's (ASX:BEN) CEO Compensation Looks Acceptable To Us And Here's Why

Nov 01

Bendigo and Adelaide Bank (ASX:BEN) Is Due To Pay A Dividend Of A$0.265

Aug 17

This Is Why Shareholders Will Hold Back On A Pay Rise For Bendigo and Adelaide Bank Limited's (ASX:BEN) CEO This Year

Nov 02

Does It Make Sense To Buy Bendigo and Adelaide Bank Limited (ASX:BEN) For Its Yield?

Mar 02

What We Learned About Bendigo and Adelaide Bank's (ASX:BEN) CEO Pay

Jan 25

Shareholders Of Bendigo and Adelaide Bank (ASX:BEN) Have Received 10% On Their Investment

Dec 21

Shareholder Returns

	BEN	AU Banks	AU Market
7D	-18.6%	-8.8%	-2.5%
1Y	14.7%	20.5%	7.5%

Return vs Industry: BEN underperformed the Australian Banks industry which returned 20.5% over the past year.

Return vs Market: BEN exceeded the Australian Market which returned 7.5% over the past year.

Price Volatility

Is BEN's price volatile compared to industry and market?
BEN volatility
BEN Average Weekly Movement	5.0%
Banks Industry Average Movement	3.7%
Market Average Movement	7.9%
10% most volatile stocks in AU Market	16.3%
10% least volatile stocks in AU Market	3.1%

Stable Share Price: BEN has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: BEN's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1858	4,812	Richard Fennell	www.bendigoadelaide.com.au

Bendigo and Adelaide Bank Limited engages in the provision of banking and other financial services to retail customers and small to medium sized businesses in Australia. The company operates through Consumer, Business and Agribusiness, and Corporate segments. It offers a range of products and services, including personal and business banking, financial planning, commercial mortgages and unsecured loans, investment products, insurance, and superannuation.

Bendigo and Adelaide Bank Limited Fundamentals Summary

How do Bendigo and Adelaide Bank's earnings and revenue compare to its market cap?
BEN fundamental statistics
Market cap	AU$6.22b
Earnings (TTM)	AU$479.50m
Revenue (TTM)	AU$1.92b

12.9x

P/E Ratio

0.9x

P/B Ratio

Is BEN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BEN income statement (TTM)
Revenue	AU$1.92b
Cost of Revenue	AU$0
Gross Profit	AU$1.92b
Other Expenses	AU$1.44b
Earnings	AU$479.50m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

Aug 26, 2025

Earnings per share (EPS)	0.85
Gross Margin	100.00%
Net Profit Margin	25.01%
Debt/Equity Ratio	164.9%

How did BEN perform over the long term?

See historical performance and comparison

Dividends

5.8%

Current Dividend Yield

74%

Payout Ratio

Does BEN pay a reliable dividends?

See BEN dividend history and benchmarks

When do you need to buy BEN by to receive an upcoming dividend?
Bendigo and Adelaide Bank dividend dates
Ex Dividend Date	Feb 26 2025
Dividend Pay Date	Mar 31 2025
Days until Ex dividend	4 days
Days until Dividend pay date	37 days

Does BEN pay a reliable dividends?

See BEN dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/21 15:53
End of Day Share Price	2025/02/21 00:00
Earnings	2024/12/31
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bendigo and Adelaide Bank Limited is covered by 29 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Anthony Hoo	ANZ Equities Pty Limited
Russell Wright	APP Securities Pty Ltd.
Jonathan Mott	Barrenjoey Markets Pty Limited

BEN Stock Overview

Rewards

Risk Analysis

Closure Of The Homesafe Portfolio Will Reduce Long-Term Revenue Streams

Bendigo and Adelaide Bank Limited Competitors

ASX:BOQ

AU$4.4b

ASX:MYS

AU$462.6m

ASX:ABA

AU$264.7m

ASX:BFL

AU$3.6b

Price History & Performance

Recent News & Updates

Bendigo and Adelaide Bank Limited (ASX:BEN) agreed to acquire Approximately $220 million residential floating rate mortgages from BNK Banking Corporation Limited (ASX:BBC).

Bendigo and Adelaide Bank (ASX:BEN) Is Paying Out A Dividend Of A$0.30

First half dividend of AU$0.30 announced

First half 2025 earnings released: EPS: AU$0.38 (vs AU$0.50 in 1H 2024)

Consensus EPS estimates fall by 15%

Bendigo and Adelaide Bank Limited Announces Dividend for the Six Months Ended December 31, 2024, Payable on March 31, 2025

Recent updates

Bendigo and Adelaide Bank Limited (ASX:BEN) agreed to acquire Approximately $220 million residential floating rate mortgages from BNK Banking Corporation Limited (ASX:BBC).

Bendigo and Adelaide Bank (ASX:BEN) Is Paying Out A Dividend Of A$0.30

First half dividend of AU$0.30 announced

First half 2025 earnings released: EPS: AU$0.38 (vs AU$0.50 in 1H 2024)

Consensus EPS estimates fall by 15%

Bendigo and Adelaide Bank Limited Announces Dividend for the Six Months Ended December 31, 2024, Payable on March 31, 2025

Investor sentiment deteriorates as stock falls 16%

Bendigo and Adelaide Bank Limited Announces Appointment of Travis Dillon as Non-Executive Director, Effective 21 February 2025

Bendigo and Adelaide Bank Limited, Annual General Meeting, Oct 21, 2025

Bendigo and Adelaide Bank Limited Announces Resignation of David Foster as Non-Executive Director; Effective 23 September 2024

Bendigo and Adelaide Bank Limited Announces Dividend on BENPI - CAP NOTE 3-BBSW+3.20% PERP NON-CUM RED T-12-30 for the Quarter Ending 12 December 2024, Payable on 13 December 2024

BetaShares Capital Limited completed the acquisition of Bendigo Superannuation Pty Limited from Bendigo and Adelaide Bank Limited (ASX:BEN).

Bendigo and Adelaide Bank (ASX:BEN) Has Announced That It Will Be Increasing Its Dividend To A$0.33

Bendigo and Adelaide Bank Limited Declares Dividend for the Second Half and Full Year Ended June 30, 2024

Final dividend increased to AU$0.33

Now 21% undervalued

Now 23% undervalued

Bendigo and Adelaide Bank Limited Announces Chief Executive Officer Changes

Bendigo and Adelaide Bank Limited Announces David Foster, Non-Executive Director Ends Leave of Absence

Now 20% undervalued

Price target increased by 7.4% to AU$10.28

Here's Why We Think Bendigo and Adelaide Bank (ASX:BEN) Might Deserve Your Attention Today

Now 20% undervalued

First half dividend of AU$0.30 announced

First half 2024 earnings: EPS exceeds analyst expectations

Now 20% undervalued

Bendigo and Adelaide Bank Limited, Annual General Meeting, Aug 26, 2024

Bendigo and Adelaide Bank Limited to Report First Half, 2024 Results on Feb 19, 2024

High number of new directors

BetaShares Capital Limited entered into an agreement to acquire Bendigo Superannuation Pty Limited from Bendigo and Adelaide Bank Limited (ASX:BEN).

Bendigo and Adelaide Bank Limited Appoints Patricia Margaret Payn as Director

Bendigo and Adelaide Bank (ASX:BEN) Will Pay A Larger Dividend Than Last Year At A$0.32

Upcoming dividend of AU$0.32 per share at 6.9% yield

Bendigo and Adelaide Bank (ASX:BEN) Has Announced That It Will Be Increasing Its Dividend To A$0.32

Full year 2023 earnings: EPS misses analyst expectations

Now 21% undervalued after recent price drop

Bendigo and Adelaide Bank Limited Appoints Margaret Payn as Non-Executive Director, Effective 14 September 2023

Now 21% undervalued

Upcoming dividend of AU$0.29 per share at 5.9% yield

First half 2023 earnings released: EPS: AU$0.44 (vs AU$0.58 in 1H 2022)

Bendigo and Adelaide Bank Limited Announces Dividend for the Six Months Ended December 31, 2022, Payable on March 31, 2023

BOQ Reportedly in Talks on Bendigo Merger

Bendigo and Adelaide Bank Limited Announces Company Secretary Changes

Now 21% undervalued

Bendigo and Adelaide Bank Limited to Report Fiscal Year 2023 Results on Aug 14, 2023

Bendigo and Adelaide Bank Limited, Annual General Meeting, Oct 24, 2023

Bendigo and Adelaide Bank Limited's (ASX:BEN) CEO Compensation Looks Acceptable To Us And Here's Why

Bendigo and Adelaide Bank Limited Announces Change of Company Secretary

Full year 2022 earnings: EPS and revenues miss analyst expectations

Bendigo and Adelaide Bank Limited Announces Retirement of Jan Harris as Director

Bendigo and Adelaide Bank Limited Appoints Alistair Muir as A Non-Executive Director Effective 12 September 2022

Upcoming dividend of AU$0.27 per share

Bendigo and Adelaide Bank (ASX:BEN) Is Due To Pay A Dividend Of A$0.265

Bendigo and Adelaide Bank Limited Announces Distribution for the Six Months Ended June 30, 2022, Payable on September 29, 2022

Bendigo and Adelaide Bank Limited (ASX:BEN) agreed to acquire ANZ Investment Lending portfolio from Australia and New Zealand Banking Group Limited (ASX:ANZ) for NZD 715 million.

Bendigo and Adelaide Bank Limited (ASX:BEN) agreed to acquire ANZ Investment Lending portfolio from Australia and New Zealand Banking Group Limited (ASX:ANZ) for NZD 715 million.

Bendigo and Adelaide Bank Limited Appoints Adam Rowse as Chief Customer Officer Business and Agribusiness

Bendigo and Adelaide Bank Limited Announces Cash Dividend on BENPH - CAP NOTE 3-BBSW+3.80% PERP NON-CUM RED T-06-27 for the Quarter Ending September 14, 2022, Payable on September 15, 2022