company background image
BEN

Bendigo and Adelaide Bank ASX:BEN Stock Report

Last Price

AU$10.52

Market Cap

AU$5.9b

7D

2.0%

1Y

2.7%

Updated

26 May, 2022

Data

Company Financials +
BEN fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends3/6

BEN Stock Overview

Bendigo and Adelaide Bank Limited provides banking and financial products and services to retail customers and small to medium sized businesses in Australia.

Bendigo and Adelaide Bank Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bendigo and Adelaide Bank
Historical stock prices
Current Share PriceAU$10.52
52 Week HighAU$11.27
52 Week LowAU$8.43
Beta1.01
1 Month Change-0.85%
3 Month Change9.81%
1 Year Change2.73%
3 Year Change-5.57%
5 Year Change-6.07%
Change since IPO222.70%

Recent News & Updates

Shareholder Returns

BENAU BanksAU Market
7D2.0%2.1%-0.4%
1Y2.7%2.8%-1.1%

Return vs Industry: BEN underperformed the Australian Banks industry which returned 2.8% over the past year.

Return vs Market: BEN exceeded the Australian Market which returned -1.1% over the past year.

Price Volatility

Is BEN's price volatile compared to industry and market?
BEN volatility
BEN Average Weekly Movement3.2%
Banks Industry Average Movement3.1%
Market Average Movement9.3%
10% most volatile stocks in AU Market16.4%
10% least volatile stocks in AU Market4.2%

Stable Share Price: BEN is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BEN's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18584,575Marnie Bakerhttps://www.bendigoadelaide.com.au

Bendigo and Adelaide Bank Limited provides banking and financial products and services to retail customers and small to medium sized businesses in Australia. The company operates through Consumer, Business, and Agribusiness 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 Fundamentals Summary

How do Bendigo and Adelaide Bank's earnings and revenue compare to its market cap?
BEN fundamental statistics
Market CapAU$5.91b
Earnings (TTM)AU$601.40m
Revenue (TTM)AU$1.72b

9.8x

P/E Ratio

0.9x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BEN income statement (TTM)
RevenueAU$1.72b
Cost of RevenueAU$0
Gross ProfitAU$1.72b
Other ExpensesAU$1.12b
EarningsAU$601.40m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 15, 2022

Earnings per share (EPS)1.08
Gross Margin100.00%
Net Profit Margin34.92%
Debt/Equity Ratio82.0%

How did BEN perform over the long term?

See historical performance and comparison

Dividends

5.0%

Current Dividend Yield

48%

Payout Ratio
New valuation analysis is now available for all ASX stocks. This is in beta.

Future Growth

How is Bendigo and Adelaide Bank forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


1.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BEN's forecast earnings growth (1.2% per year) is below the savings rate (1.8%).

Earnings vs Market: BEN's earnings (1.2% per year) are forecast to grow slower than the Australian market (6.4% per year).

High Growth Earnings: BEN's earnings are forecast to grow, but not significantly.

Revenue vs Market: BEN's revenue (3.9% per year) is forecast to grow slower than the Australian market (4.9% per year).

High Growth Revenue: BEN's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BEN's Return on Equity is forecast to be low in 3 years time (7.5%).


Past Performance

How has Bendigo and Adelaide Bank performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-0.02%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BEN has a high level of non-cash earnings.

Growing Profit Margin: BEN's current net profit margins (34.9%) are higher than last year (19.8%).


Past Earnings Growth Analysis

Earnings Trend: BEN's earnings have declined by 0.02% per year over the past 5 years.

Accelerating Growth: BEN's earnings growth over the past year (106.7%) exceeds its 5-year average (-0.02% per year).

Earnings vs Industry: BEN earnings growth over the past year (106.7%) exceeded the Banks industry 16.5%.


Return on Equity

High ROE: BEN's Return on Equity (9%) is considered low.


Financial Health

How is Bendigo and Adelaide Bank's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BEN's Assets to Equity ratio (13.6x) is moderate.

Allowance for Bad Loans: BEN has a sufficient allowance for bad loans (313%).

Low Risk Liabilities: 93% of BEN's liabilities are made up of primarily low risk sources of funding.

Loan Level: BEN has an appropriate level of Loans to Assets ratio (81%).

Low Risk Deposits: BEN's Loans to Deposits ratio (94%) is appropriate.

Level of Bad Loans: BEN has an appropriate level of bad loans (0.1%).


Dividend

What is Bendigo and Adelaide Bank current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


5.04%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BEN's dividend (5.04%) is higher than the bottom 25% of dividend payers in the Australian market (2.6%).

High Dividend: BEN's dividend (5.04%) is low compared to the top 25% of dividend payers in the Australian market (6.23%).


Stability and Growth of Payments

Stable Dividend: BEN's dividend payments have been volatile in the past 10 years.

Growing Dividend: BEN's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (48.1%), BEN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BEN's dividends in 3 years are forecast to be covered by earnings (69% payout ratio).


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Marnie Baker (52 yo)

3.83yrs

Tenure

AU$1,926,951

Compensation

Ms. Marnie A. Baker, BBus (Acc), ASA, MAICD, SF FIN, has been Managing Director at Bendigo and Adelaide Bank Limited since July 02, 2018 and serves as its Chief Executive Officer. Ms. Baker has been a Dire...


CEO Compensation Analysis

Compensation vs Market: Marnie's total compensation ($USD1.36M) is below average for companies of similar size in the Australian market ($USD1.97M).

Compensation vs Earnings: Marnie's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BEN's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: BEN's board of directors are considered experienced (8.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BEN insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.5%.


Top Shareholders

Company Information

Bendigo and Adelaide Bank Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Bendigo and Adelaide Bank Limited
  • Ticker: BEN
  • Exchange: ASX
  • Founded: 1858
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: AU$5.913b
  • Shares outstanding: 558.92m
  • Website: https://www.bendigoadelaide.com.au

Number of Employees


Location

  • Bendigo and Adelaide Bank Limited
  • The Bendigo Centre
  • Bendigo
  • Victoria
  • 3550
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/26 00:00
End of Day Share Price2022/05/26 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


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 here.