OTCPK:BXRB.F

Stock Analysis Report

Bendigo and Adelaide Bank

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet average dividend payer.


Similar Companies

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


Market Performance


7 Day Return

n/a

OTCPK:BXRB.F

-1.8%

US Banks

-1.6%

US Market


1 Year Return

-13.6%

OTCPK:BXRB.F

-16.1%

US Banks

-3.0%

US Market

BXRB.F matched the Banks industry (-13.8%) over the past year.

BXRB.F underperformed the Market in United States of America which returned -0% over the past year.


Share holder returns

BXRB.FIndustryMarket
7 Dayn/a-1.8%-1.6%
30 Dayn/a-10.1%-5.7%
90 Dayn/a-5.0%0.2%
1 Year-13.6%-13.6%-13.7%-16.1%-0.8%-3.0%
3 Yearn/a37.9%28.5%38.1%29.1%
5 Year-39.2%-39.2%49.3%33.2%50.8%34.1%

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

Valuation

Is Bendigo and Adelaide Bank undervalued based on future cash flows and its price relative to the stock market?

14.22x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Bendigo and Adelaide Bank's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Bendigo and Adelaide Bank's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Bendigo and Adelaide Bank is overvalued based on earnings compared to the US Banks industry average.

Bendigo and Adelaide Bank is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Bendigo and Adelaide Bank is poor value based on expected growth next year.


Price Based on Value of Assets

Bendigo and Adelaide Bank is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Bendigo and Adelaide Bank expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

1.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Bendigo and Adelaide Bank's revenue is expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).

Bendigo and Adelaide Bank's earnings are expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).

Bendigo and Adelaide Bank's revenue growth is positive but not above the United States of America market average.

Bendigo and Adelaide Bank's earnings growth is positive but not above the United States of America market average.

Bendigo and Adelaide Bank's earnings growth is positive but not above the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Bendigo and Adelaide Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

0.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Bendigo and Adelaide Bank's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

Bendigo and Adelaide Bank's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Bendigo and Adelaide Bank's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.


Return on Equity

Bendigo and Adelaide Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Bendigo and Adelaide Bank used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Bendigo and Adelaide Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

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


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Bendigo and Adelaide Bank has an acceptable proportion of non-loan assets held.

Bendigo and Adelaide Bank has a sufficient allowance for bad loans.

Bendigo and Adelaide Bank's liabilities are made up of primarily low risk sources of funding.

Bendigo and Adelaide Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at Bendigo and Adelaide Bank are broadly funded by customer deposits.

Bendigo and Adelaide Bank has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

6.12%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Bendigo and Adelaide Bank's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Bendigo and Adelaide Bank's dividend is above the markets top 25% of dividend payers in United States of America (3.82%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (1.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.2x coverage).


Next Steps

Management

What is the CEO of Bendigo and Adelaide Bank's salary, the management and board of directors tenure and is there insider trading?

1.0yrs

Average management tenure


CEO

Marnie Baker 0

1.1yrs

Tenure

AU$1,090,271

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

Marnie's remuneration is lower than average for companies of similar size in United States of America.

Marnie's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.0yrs

Average Tenure

The average tenure for the Bendigo and Adelaide Bank management team is less than 2 years, this suggests a new team.


Board Age and Tenure

9.4yrs

Average Tenure

61yo

Average Age

The tenure for the Bendigo and Adelaide Bank board of directors is about average.


Insider Trading

More shares have been bought than sold by Bendigo and Adelaide Bank individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyAU$34,82019 Aug 19
Jacqueline Hey
EntityIndividual
Role
Member of the Board of Directors
Director
Shares4,800
Max PriceAU$7.25
BuyAU$35,35014 Feb 19
Jacqueline Hey
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5,000
Max PriceAU$7.07
BuyAU$7,30225 Nov 18
Jan Harris
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares1,000
Max PriceAU$7.30

Ownership Breakdown


Management Team

  • Marnie Baker

    CEO, MD & Director

    • Tenure: 1.1yrs
    • Compensation: AU$1.09m
  • Bruce Speirs

    Executive of Business Banking

    • Tenure: 3.9yrs
    • Compensation: AU$625.97k
  • Richard Fennell

    Executive of Customer Banking

    • Tenure: 1.0yrs
    • Compensation: AU$1.17m
  • Taso Corolis

    Chief Risk Officer

    • Tenure: 0.0yrs
    • Compensation: AU$290.52k
  • Stella Thredgold

    Executive of Technology & Business Enablement

    • Tenure: 1.0yrs
    • Compensation: AU$664.03k
  • Will Conlan

    Company Secretary

    • Tenure: 7.8yrs
  • Louise Tebbutt

    Chief People Officer

    • Tenure: 0.8yrs
  • Travis Crouch

    Chief Financial Officer

    • Tenure: 1.0yrs
  • Nicole Rooke

    Head of Investor Relations

    • Tenure: 0.0yrs
  • Simon Fitzgerald

    Head of Public Relations

    • Tenure: 0.0yrs

Board Members

  • Tony Robinson (61yo)

    Independent Director

    • Tenure: 13.3yrs
    • Compensation: AU$257.45k
  • Robert Johanson (68yo)

    Chairman of the Board

    • Tenure: 13.4yrs
    • Compensation: AU$493.63k
  • Jim Hazel (68yo)

    Director

    • Tenure: 9.4yrs
    • Compensation: AU$197.45k
  • Marnie Baker

    CEO, MD & Director

    • Tenure: 1.1yrs
    • Compensation: AU$1.09m
  • Jacquie Hey (53yo)

    Director

    • Tenure: 8.1yrs
    • Compensation: AU$197.45k
  • David Matthews (61yo)

    Director

    • Tenure: 9.4yrs
    • Compensation: AU$212.95k
  • Rob Hubbard (60yo)

    Non-Executive Director

    • Tenure: 6.3yrs
    • Compensation: AU$197.45k
  • Jan Harris (60yo)

    Non-Executive Director

    • Tenure: 3.5yrs
    • Compensation: AU$197.45k
  • Vicki Carter

    Non Executive Director

    • Tenure: 0.9yrs

Company Information

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


Key Information

  • Name: Bendigo and Adelaide Bank Limited
  • Ticker: BXRB.F
  • Exchange: OTCPK
  • Founded: 1858
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: AU$5.388b
  • Listing Market Cap: AU$3.647b
  • Shares outstanding: 491.58m
  • Website: https://www.bendigoadelaide.com.au

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BENASX (Australian Securities Exchange)YesOrdinary SharesAUAUDFeb 1993
BXRB.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDFeb 1993
BDJDB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 1993
BENCHIA (Chi-X Australia)YesOrdinary SharesAUAUDFeb 1993
BENPEASX (Australian Securities Exchange)CNV PRF SHS (CPS 2)AUAUDOct 2014
BENPFASX (Australian Securities Exchange)CNV PRF SHS (CPS 3)AUAUDJun 2015
BENPGASX (Australian Securities Exchange)CNV PRF SHS (CPS 4)AUAUDDec 2017

Biography

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  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 00:21
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.