Bendigo and Adelaide Bank (CHIA:BEN) - Stock Price, News & Analysis

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	0/6
Past Performance	3/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 11.5% below our estimate of its fair value

Earnings grew by 9.7% over the past year

Risk Analysis

Large one-off items impacting financial results

Unstable dividend track record

Bendigo and Adelaide Bank Limited Competitors

Bank of Queensland

ASX:BOQ

AU$4.5b

MyState

ASX:MYS

AU$449.3m

Auswide Bank

ASX:ABA

AU$227.9m

BSP Financial Group

ASX:BFL

AU$3.0b

Price History & Performance

Summary of all time highs, changes and price drops for Bendigo and Adelaide Bank
Historical stock prices
Current Share Price	AU$13.39
52 Week High	AU$13.65
52 Week Low	AU$8.82
Beta	1.12
11 Month Change	8.42%
3 Month Change	13.09%
1 Year Change	51.81%
33 Year Change	55.70%
5 Year Change	33.90%
Change since IPO	19.61%

Recent updates

Shareholder Returns

	BEN	AU Banks	AU Market
7D	1.2%	2.0%	0.9%
1Y	51.8%	48.2%	18.4%

Return vs Industry: BEN exceeded the Australian Banks industry which returned 48.2% over the past year.

Return vs Market: BEN exceeded the Australian Market which returned 18.4% over the past year.

Price Volatility

Is BEN's price volatile compared to industry and market?
BEN volatility
BEN Average Weekly Movement	3.0%
Banks Industry Average Movement	3.4%
Market Average Movement	8.5%
10% most volatile stocks in AU Market	17.5%
10% least volatile stocks in AU Market	3.2%

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 (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1858	4,777	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$7.57b
Earnings (TTM)	AU$545.00m
Revenue (TTM)	AU$1.86b

13.9x

P/E Ratio

1.1x

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$1.86b
Cost of Revenue	AU$0
Gross Profit	AU$1.86b
Other Expenses	AU$1.32b
Earnings	AU$545.00m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.96
Gross Margin	100.00%
Net Profit Margin	29.29%
Debt/Equity Ratio	156.1%

How did BEN perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

65%

Payout Ratio

BEN Stock Overview

Rewards

Risk Analysis

Bendigo and Adelaide Bank Limited Competitors

ASX:BOQ

AU$4.5b

ASX:MYS

AU$449.3m

ASX:ABA

AU$227.9m

ASX:BFL

AU$3.0b

Price History & Performance

Recent News & Updates

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

Final dividend increased to AU$0.33

Now 21% undervalued

Recent updates

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 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

Now 20% undervalued

Now 20% undervalued

First half 2024 earnings released: EPS: AU$0.50 (vs AU$0.44 in 1H 2023)

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

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

Full year 2023 earnings released: EPS: AU$0.88 (vs AU$0.88 in FY 2022)

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

Now 23% 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 Announces Change of Company Secretary

Full year 2022 earnings released: EPS: AU$0.88 (vs AU$0.98 in FY 2021)

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 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

Bendigo and Adelaide Bank Limited Announces Cash Dividend on BENPG - CNV PREF 3-BBSW+3.75% PERP NON-CUM RED T-06-24 for the Quarter Ending September 12, 2022, Payable on September 13, 2022

Canterbury Surrey Hills Community Finance Limited (NSX:CSH) acquired Community Bank Swinburne business of Bendigo and Adelaide Bank Limited from Bendigo and Adelaide Bank Limited (ASX:BEN).

Bendigo and Adelaide Bank Limited Announces CFO Changes

Bendigo and Adelaide Bank Limited Announces Ordinary Dividend for the Six Months Ended December 31, 2021, Payable on March 31, 2022

Bendigo and Adelaide Bank Limited Announces Combination of Business Bank and Rural Bank into Single Division

Bendigo and Adelaide Bank Limited (ASX:BEN) completed the acquisition of Ferocia Pty Ltd from Dominic Pym, Grant Thomas and others.

Upcoming dividend of AU$0.27 per share

Full year 2021 earnings released: EPS AU$0.98 (vs AU$0.38 in FY 2020)

Bendigo and Adelaide Bank Limited (ASX:BEN) agreed to acquire Ferocia Pty Ltd for approximately AUD 120 million.

Independent Director recently bought AU$50k worth of stock

Bendigo and Adelaide Bank Limited Announces Ordinary Fully Franked Dividend on BENPG - CNV PREF 3-BBSW+3.75% PERP NON-CUM RED T-06-24 Security for the Quarter Ending June 14, 2021, Payable on June 15, 2021

Bendigo and Adelaide Bank Limited Announces Dividend for BENPH - CAP NOTE 3-BBSW+3.80% PERP NON-CUM RED T-06-27 for the Quarter Ended June 14, 2021, Payable on June 15, 2021

First half 2021 earnings released: EPS AU$0.46 (vs AU$0.30 in 1H 2020)

New 90-day high: AU$9.94

Bendigo and Adelaide Bank Limited to Report Fiscal Year 2021 Results on Aug 16, 2021

Bendigo and Adelaide Bank Limited to Report First Half, 2021 Results on Feb 15, 2021

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