Bell Financial Group Valuation

Is BFG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BFG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BFG (A$1.28) is trading below our estimate of fair value (A$1.38)

Significantly Below Fair Value: BFG is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BFG?

Key metric: As BFG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BFG. This is calculated by dividing BFG's market cap by their current earnings.
What is BFG's PE Ratio?
PE Ratio	13.6x
Earnings	AU$29.87m
Market Cap	AU$405.74m

BFG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	1.1x

Price to Earnings Ratio vs Peers

How does BFG's PE Ratio compare to its peers?

The above table shows the PE ratio for BFG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	46.1x
EZL Euroz Hartleys Group	24.3x	n/a	AU$134.2m
COG COG Financial Services	13.5x	19.1%	AU$173.9m
SWF SelfWealth	17.6x	n/a	AU$60.0m
HUB HUB24	129x	21.6%	AU$6.1b
BFG Bell Financial Group	13.6x	12.8%	AU$405.7m

Price-To-Earnings vs Peers: BFG is good value based on its Price-To-Earnings Ratio (13.6x) compared to the peer average (46.2x).

Price to Earnings Ratio vs Industry

How does BFG's PE Ratio compare vs other companies in the AU Capital Markets Industry?

8 Companies	Price / Earnings	Estimated Growth	Market Cap
NGE NGE Capital	3.5x	n/a	US$26.13m
ECP ECP Emerging Growth	3.9x	n/a	US$16.81m
BPH BPH Energy	3.5x	n/a	US$9.49m
KBC Keybridge Capital	1.4x	n/a	US$6.46m

8 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: BFG is good value based on its Price-To-Earnings Ratio (13.6x) compared to the Australian Capital Markets industry average (20x).

Price to Earnings Ratio vs Fair Ratio

What is BFG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BFG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.6x
Fair PE Ratio	15.5x

Price-To-Earnings vs Fair Ratio: BFG is good value based on its Price-To-Earnings Ratio (13.6x) compared to the estimated Fair Price-To-Earnings Ratio (15.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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