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BFL

BSP Financial GroupASX:BFL Stock Report

Market Cap

AU$2.4b

7D

0%

1Y

n/a

Updated

18 Oct, 2021

Data

Company Financials
BFL fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends3/6

BFL Overview

BSP Financial Group Limited provides commercial banking and finance services to individual and corporate customers in Papua New Guinea, the Solomon Islands, the Fiji, the Cook Islands, Samoa, Tonga, Vanuatu, Cambodia, and Laos.

BSP Financial Group Competitors

Australia and New Zealand Banking Group

ASX:ANZ

AU$78.8b

Kina Securities

ASX:KSL

AU$255.4m

Bang Holdings

OTCPK:BXNG

US$2.4k

Price History & Performance

Summary of all time highs, changes and price drops for BSP Financial Group
Historical stock prices
Current Share PriceAU$5.10
52 Week HighAU$5.00
52 Week LowAU$5.65
Beta0
1 Month Change-5.56%
3 Month Change-3.77%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-1.92%

Recent News & Updates

Shareholder Returns

BFLAU BanksAU Market
7D0%-1.2%0.9%
1Yn/a44.5%20.2%

Return vs Industry: Insufficient data to determine how BFL performed against the Australian Banks industry.

Return vs Market: Insufficient data to determine how BFL performed against the Australian Market.

Price Volatility

Is BFL's price volatile compared to industry and market?
BFL volatility
BFL Beta0
Industry Beta0.77
Market Beta1

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

Volatility Over Time: Insufficient data to determine BFL's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1957n/aRobin Fleminghttps://www.bsp.com.pg

BSP Financial Group Limited provides commercial banking and finance services to individual and corporate customers in Papua New Guinea, the Solomon Islands, the Fiji, the Cook Islands, Samoa, Tonga, Vanuatu, Cambodia, and Laos. The company’s products and services include transaction, saving, foreign currency, and term deposits; business cheque and solicitor’s trust accounts; personal, home, personal asset, bridging, tailored business, commercial and residential property investment, construction development, and seasonal finance loans; savings and debit cards; SME business loans; overdraft, asset financing, insurance premium funding, prioritized loan processing, safety deposit box, and electronic banking services; and bill pay, payroll, online business banking, and merchant services. It also offers FX payment, foreign currency notes, and tax clearance procedure services; documentary collection, letters of credit, and trade refinance; foreign deposits, accounts, and currency loans; and stock broking, fund management, and life business services.

BSP Financial Group Fundamentals Summary

How do BSP Financial Group's earnings and revenue compare to its market cap?
BFL fundamental statistics
Market CapK6.25b
Earnings (TTM)K873.60m
Revenue (TTM)K2.08b

7.2x

P/E Ratio

1.9x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BFL income statement (TTM)
RevenueK2.08b
Cost of RevenueK0
Gross ProfitK2.08b
ExpensesK1.21b
EarningsK873.60m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.87
Gross Margin100.00%
Net Profit Margin41.97%
Debt/Equity Ratio2.0%

How did BFL perform over the long term?

See historical performance and comparison

Dividends

5.8%

Current Dividend Yield

77%

Payout Ratio

Valuation

Is BSP Financial Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BFL (A$5.1) is trading below our estimate of fair value (A$18.08)

Significantly Below Fair Value: BFL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BFL is good value based on its PE Ratio (7.2x) compared to the Australian Banks industry average (10.4x).

PE vs Market: BFL is good value based on its PE Ratio (7.2x) compared to the Australian market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BFL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BFL is overvalued based on its PB Ratio (1.9x) compared to the AU Banks industry average (1x).


Future Growth

How is BSP Financial Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.1%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as BSP Financial Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has BSP Financial Group performed over the past 5 years?

6.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BFL has high quality earnings.

Growing Profit Margin: BFL's current net profit margins (42%) are lower than last year (42%).


Past Earnings Growth Analysis

Earnings Trend: BFL's earnings have grown by 6.5% per year over the past 5 years.

Accelerating Growth: BFL's earnings growth over the past year (4.3%) is below its 5-year average (6.5% per year).

Earnings vs Industry: BFL earnings growth over the past year (4.3%) underperformed the Banks industry 13.7%.


Return on Equity

High ROE: BFL's Return on Equity (25.9%) is considered high.


Financial Health

How is BSP Financial Group's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BFL's Assets to Equity ratio (8.6x) is low.

Allowance for Bad Loans: BFL has a sufficient allowance for bad loans (162%).

Low Risk Liabilities: 90% of BFL's liabilities are made up of primarily low risk sources of funding.

Loan Level: BFL has an appropriate level of Loans to Assets ratio (46%).

Low Risk Deposits: BFL's Loans to Deposits ratio (58%) is appropriate.

Level of Bad Loans: BFL has a high level of bad loans (3.8%).


Dividend

What is BSP Financial Group current dividend yield, its reliability and sustainability?

5.83%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BFL's dividend (5.83%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).

High Dividend: BFL's dividend (5.83%) is in the top 25% of dividend payers in the Australian market (5.32%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether BFL's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if BFL's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (77%), BFL's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Robin Fleming

8.5yrs

Tenure

K4,847,000

Compensation

Mr. Robin Gerard Fleming, MBA, MMGT SAFin, CSM has been the Chief Executive Officer of Bank of South Pacific Ltd since April 2013 and served as its Managing Director since April 2013. Mr. Fleming served as...


CEO Compensation Analysis

Compensation vs Market: Robin's total compensation ($USD1.37M) is about average for companies of similar size in the Australian market ($USD1.41M).

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


Leadership Team

Experienced Management: BFL's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: BFL's board of directors are considered experienced (4.5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: BFL only recently listed within the past 12 months.


Top Shareholders

Company Information

BSP Financial Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: BSP Financial Group Limited
  • Ticker: BFL
  • Exchange: ASX
  • Founded: 1957
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: AU$2.383b
  • Shares outstanding: 467.23m
  • Website: https://www.bsp.com.pg

Number of Employees


Location

  • BSP Financial Group Limited
  • Allotment 6 & 7, Section 34
  • Klinki Street
  • Port Moresby
  • Papua New Guinea

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 15:10
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.