BENDIGO & ADELAIDE BANK LIMITED (BEN)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

BEN

BEN - BENDIGO & ADELAIDE BANK LIMITED

FNArena Sector : Banks
Year End: June
GICS Industry Group : Banks
Debt/EBITDA: N/A
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Bendigo & Adelaide Bank is an Australian financial institution primarily focussed on retail banking. It is Australia's fifth largest retail bank. Bendigo Bank was first listed in 1985 and merged with Adelaide Bank in 2007.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$12.76

17 Sep
2025

-0.090

OPEN

$12.78

-0.70%

HIGH

$12.88

1,145,607

LOW

$12.69

TARGET
$11.30 -11.4% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AFG . ANZ . BOQ . CBA . HLI . MYS . NAB . RMC . SUN . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
BEN: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 17.2 88.2 xxx
DPS (cps) xxx 63.0 62.5 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 0.0% - 0.8% xxx
PE Ratio xxx N/A 14.6 xxx
Dividend Yield xxx N/A 4.9% xxx
Div Pay Ratio(%) xxx N/A 70.9% xxx

Dividend yield today if purchased 3 years ago: 7.41%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.89

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 02/09 - ex-div 33c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-17.2
DPS All xxxxxxxxxxxxxxx63.0
Sales/Revenue xxxxxxxxxxxxxxx5,241.5 M
Book Value Per Share xxxxxxxxxxxxxxx1,183.0
Net Operating Cash Flow xxxxxxxxxxxxxxx143.5 M
Net Profit Margin xxxxxxxxxxxxxxx-1.85 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-1.42 %
Return on Invested Capital xxxxxxxxxxxxxxx-0.65 %
Return on Assets xxxxxxxxxxxxxxx-0.10 %
Return on Equity xxxxxxxxxxxxxxx-1.42 %
Return on Total Capital xxxxxxxxxxxxxxx3.33 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-231.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx3,881 M
Long Term Debt xxxxxxxxxxxxxxx7,772 M
Total Debt xxxxxxxxxxxxxxx11,653 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx907 M
Price To Book Value xxxxxxxxxxxxxxx1.07

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx18.3 M
Capex % of Sales xxxxxxxxxxxxxxx0.35 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx418 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx13,069 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.5

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

26/08/2025

3

Neutral

$13.00

1.88%

UBS states Bendigo and Adelaide Bank's FY25 was in line with consensus, though slightly below its own forecast, with PPOP softer and NIM pressure in Consumer (-8bps) and Business & Agri (-16bps); lending rose 5.8% HoH, a $4m impairment reversal supported earnings, and CET1 was 11.0% (circa -20bps below consensus).

The broker says management’s 2030 strategy targets 10% ROE, but calls the goal stretched amid deposit competition, lower replicating-portfolio benefits and ongoing efficiency needs; it assumes slightly lower NIM and lower opex from productivity and FTE reductions.

UBS retains Neutral and lifts the price target to $13.00 from $11.00; EPS is raised by 4.5% and 0.4% for FY26 and FY27 but lowered by -5.9% for FY28, opex trimmed, credit charges lowered to 5-8bps, and DPS held at 63.0c (circa 75% payout).

FORECAST
UBS forecasts a full year FY26 dividend of 63.00 cents and EPS of 93.00 cents.
UBS forecasts a full year FY27 dividend of 66.00 cents and EPS of 96.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

4

xxxxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

02/09/2025

3

Neutral

$12.00

-5.96%

Jarden notes Bendigo & Adelaide Bank's FY25 cash net profit was down -8.4% y/y, on higher opex and flat revenue. 2H25 cash profit fell -6% h/h but came above consensus thanks to higher bad debt writebacks.

FY25 reported statutory loss was -$97.1m due to -$539.5m goodwill impairment, which the broker reckons is a step in the right direction to boost return on equity (ROE). 

The bank is targeting over 10% ROE by 2030, and the broker believes the bank still has work to do to convince the market it is on the path to achieve it. Strategy Day in November will be eyed.

FY26 cash net profit forecast lifted by 3% and FY27 by 5% on lower costs and lower bad debts.

Target lifted to $12.00 from $11.60. Neutral retained.

FORECAST
Jarden forecasts a full year FY26 dividend of 63.00 cents and EPS of 83.00 cents.
Jarden forecasts a full year FY27 dividend of 66.00 cents and EPS of 87.40 cents.
Access Extra Coverage Research History >

BEN STOCK CHART

FNArena News on BEN

1
Next Week At A Glance – 15-19 Sep 2025

Sep 12 2025 - Weekly Reports
2
Rudi’s View: A Glass Half-Full Outlook

Sep 03 2025 - Rudi's View
3
Australian Broker Call *Extra* Edition – Sep 02, 2025

Sep 02 2025 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 29-08-25

Sep 01 2025 - Weekly Reports
5
FNArena Corporate Results Monitor – 26-08-2025

Aug 26 2025 - Australia

Latest Banks News

1
The Quiet Revolution: How AI And Embedded Finance Are Rewiring Australian Money

10:05 AM - Australia
2
Geopolitical Hedging A Boon For CommBank

Jun 10 2025 - Australia
3
Australian Banks: Expensive Havens

Jun 02 2025 - Feature Stories
4
Australian Banks: Global Sanctuary

May 01 2025 - Australia
5
Bank Of Queensland’s Ambitions Questioned

Apr 23 2025 - Australia
6
Fintech’s Future In Australian Banking

Apr 07 2025 - Australia
7
Clouds Are Gathering For Aussie Banks

Mar 27 2025 - Australia
8
Australian Banks: More De-Rating Ahead?

Mar 11 2025 - Australia
9
Higher Highs Beckon For CommBank Shares

Feb 11 2025 - Technicals
10
ANZ Bank Shares Look Poised

Oct 29 2024 - Technicals