Bendigo and Adelaide Bank Limited provides banking and financial services to retail customers and small to medium sized businesses in Australia.
Flawless balance sheet average dividend payer.
Share Price & News
How has Bendigo and Adelaide Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BXRB.F has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how BXRB.F performed against the US Banks industry.
Return vs Market: Insufficient data to determine how BXRB.F performed against the US Market.
Price Volatility Vs. Market
How volatile is Bendigo and Adelaide Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Bendigo and Adelaide Bank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BXRB.F ($4) is trading below our estimate of fair value ($4.5)
Significantly Below Fair Value: BXRB.F is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BXRB.F is poor value based on its PE Ratio (9.9x) compared to the Banks industry average (8.9x).
PE vs Market: BXRB.F is good value based on its PE Ratio (9.9x) compared to the US market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: BXRB.F is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: BXRB.F is good value based on its PB Ratio (0.6x) compared to the US Banks industry average (0.8x).
How is Bendigo and Adelaide Bank forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BXRB.F's forecast earnings growth (4.3% per year) is above the savings rate (1.7%).
Earnings vs Market: BXRB.F's earnings (4.3% per year) are forecast to grow slower than the US market (12.3% per year).
High Growth Earnings: BXRB.F's earnings are forecast to grow, but not significantly.
Revenue vs Market: BXRB.F's revenue (1.1% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: BXRB.F's revenue (1.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BXRB.F's Return on Equity is forecast to be low in 3 years time (6%).
How has Bendigo and Adelaide Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BXRB.F has a high level of non-cash earnings.
Growing Profit Margin: BXRB.F's current net profit margins (20.7%) are lower than last year (26.5%).
Past Earnings Growth Analysis
Earnings Trend: BXRB.F's earnings have declined by -2.2% per year over the past 5 years.
Accelerating Growth: BXRB.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BXRB.F had negative earnings growth (-21.3%) over the past year, making it difficult to compare to the Banks industry average (10.9%).
Return on Equity
High ROE: BXRB.F's Return on Equity (5.7%) is considered low.
How is Bendigo and Adelaide Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: BXRB.F has a low level of unsold assets or inventory.
Debt Coverage by Assets: BXRB.F's debt is covered by short term assets (assets are 1.5x debt).
Financial Institutions Analysis
Asset Level: BXRB.F's level of assets compared to its equity is moderate.
Allowance for Bad Loans: BXRB.F has a sufficient allowance for bad loans.
Low Risk Liabilities: BXRB.F's liabilities are made up of primarily low risk sources of funding.
Loan Level: BXRB.F has an acceptable proportion of non-loan assets held.
Low Risk Deposits: BXRB.F's loans are broadly funded by customer deposits.
Level of Bad Loans: BXRB.F has an appropriate level of bad loans (0.35%)
What is Bendigo and Adelaide Bank's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BXRB.F's dividend (9.61%) is higher than the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: BXRB.F's dividend (9.61%) is in the top 25% of dividend payers in the US market (5.37%)
Stability and Growth of Payments
Stable Dividend: BXRB.F's dividend payments have been volatile in the past 10 years.
Growing Dividend: BXRB.F's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (101.6%), BXRB.F's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BXRB.F's dividends in 3 years are forecast to be covered by earnings (76.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Marnie Baker (50yo)
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 ($USD1.40M) is below average for companies of similar size in the US market ($USD4.61M).
Compensation vs Earnings: Marnie's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|CEO, MD & Director||1.75yrs||AU$2.28m||0.079% A$1.6m|
|Chief Financial Officer||1.67yrs||AU$519.84k||no data|
|Executive of Customer Banking||no data||AU$1.14m||no data|
|Executive of Business Banking||4.58yrs||AU$594.98k||no data|
|Chief Risk Officer||no data||AU$661.83k||no data|
|Head of Investor Relations||no data||no data||no data|
|Head of Public Relations||no data||no data||no data|
|Chief People Officer||1.5yrs||no data||no data|
|Chief of Staff||0.50yr||no data||no data|
|Chief Transformation Officer||0.17yr||no data||no data|
Experienced Management: BXRB.F's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
|CEO, MD & Director||1.75yrs||AU$2.28m||0.079% A$1.6m|
|Independent Director||14yrs||AU$243.12k||0.0082% A$165.9k|
|Independent Director||10.08yrs||AU$201.45k||0.0060% A$122.3k|
|Independent Director||0.58yr||no data||0.00052% A$10.5k|
|Independent Chairman of the Board||0.50yr||AU$201.45k||0.0056% A$112.8k|
|Independent Director||10.08yrs||AU$217.35k||0.0067% A$136.9k|
|Independent Director||7yrs||AU$201.45k||0.0039% A$79.3k|
|Independent Director||4.17yrs||AU$201.45k||0.0015% A$30.8k|
|Independent Director||1.58yrs||AU$166.86k||0.00010% A$2.0k|
Experienced Board: BXRB.F's board of directors are considered experienced (7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BXRB.F insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Bendigo and Adelaide Bank Limited's company bio, employee growth, exchange listings and data sources
- Name: Bendigo and Adelaide Bank Limited
- Ticker: BXRB.F
- Exchange: OTCPK
- Founded: 1858
- Industry: Regional Banks
- Sector: Banks
- Market Cap: AU$3.306b
- Listing Market Cap: AU$2.028b
- Shares outstanding: 527.27m
- Website: https://www.bendigoadelaide.com.au
Number of Employees
- Bendigo and Adelaide Bank Limited
- The Bendigo Centre
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BEN||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Feb 1993|
|BXRB.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Feb 1993|
|BDJ||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Feb 1993|
|BEN||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Feb 1993|
|BDJ||BRSE (Berne Stock Exchange)||Yes||Ordinary Shares||CH||CHF||Feb 1993|
|BENPE||ASX (Australian Securities Exchange)||CNV PRF SHS (CPS 2)||AU||AUD||Oct 2014|
|BENPF||ASX (Australian Securities Exchange)||CNV PRF SHS (CPS 3)||AU||AUD||Jun 2015|
|BENPG||ASX (Australian Securities Exchange)||CNV PRF SHS (CPS 4)||AU||AUD||Dec 2017|
Bendigo and Adelaide Bank Limited provides banking and financial services to retail customers and small to medium sized businesses in Australia. It operates through three segments: Consumer, Business, and Agribusiness. The company offers business, residential, agri-business, and consumer lending services, as well as commercial mortgages and unsecured loans; and deposit-taking, payment, wealth management, treasury, and foreign exchange services. It also provides insurance and superannuation, and investment services; and banking products and services to agribusiness participants. The company operates 168 Bendigo Bank, 324 Community Bank, 21 Alliance Bank, 15 Delphi Bank, and 4 private franchise branches, as well as 215 rural bank points and 632 ATMs. Bendigo and Adelaide Bank Limited was founded in 1858 and is headquartered in Bendigo, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/01 07:54|
|End of Day Share Price||2020/03/16 00:00|
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.