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

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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

$10.98

20 Feb
2025

-0.060

OPEN

$11.08

-0.54%

HIGH

$11.15

3,289,788

LOW

$10.90

TARGET
$10.49 -4.5% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABA . AFG . ANZ . BOQ . CBA . HLI . MYS . NAB . RMC . SUN . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
BEN: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 96.3 81.8 xxx
DPS (cps) xxx 63.0 62.5 xxx
EPS Growth xxx 9.5% - 15.1% xxx
DPS Growth xxx 3.3% - 0.8% xxx
PE Ratio xxx N/A 13.4 xxx
Dividend Yield xxx N/A 5.7% xxx
Div Pay Ratio(%) xxx 65.4% 76.4% xxx

Dividend yield today if purchased 3 years ago: 6.24%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.76

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 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx96.3
DPS All xxxxxxxxxxxxxxx63.0
Sales/Revenue xxxxxxxxxxxxxxx4,973.5 M
Book Value Per Share xxxxxxxxxxxxxxx1,244.3
Net Operating Cash Flow xxxxxxxxxxxxxxx838.8 M
Net Profit Margin xxxxxxxxxxxxxxx10.96 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx7.85 %
Return on Invested Capital xxxxxxxxxxxxxxx3.43 %
Return on Assets xxxxxxxxxxxxxxx0.55 %
Return on Equity xxxxxxxxxxxxxxx7.85 %
Return on Total Capital xxxxxxxxxxxxxxx3.30 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx460.6 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx2,441 M
Long Term Debt xxxxxxxxxxxxxxx8,617 M
Total Debt xxxxxxxxxxxxxxx11,058 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,597 M
Price To Book Value xxxxxxxxxxxxxxx0.92

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx27.2 M
Capex % of Sales xxxxxxxxxxxxxxx0.55 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx442 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx11,953 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

-0.7

No. Of Recommendations

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

Citi

xx/xx/xxxx

5

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xx/xx/xxxx

5

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$xx.xx

xx.xx%

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Morgan Stanley

18/02/2025

3

Equal-weight

$10.70

-2.55%

Morgan Stanley highlights Bendigo & Adelaide Bank reported "disappointing" 1H25 results, with pre-provision profit below expectations by -14% and lower than the consensus estimate by -12%, with a miss on margin by -7bps, the broker explains. Cost growth also lifted.

Notably, more robust volume growth resulted in pressures on both sides of the balance sheet, the analyst highlights, despite management's focus and strategy on returns over recent years.

Increased competition in regional areas and small and medium enterprise lending was also noted by the bank.

The broker lowers EPS estimates by -11% to -14% for FY25/FY26, respectively, and the target price declines by -11% to $10.70 from $12.

Equal-weight. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 60.00 cents and EPS of 72.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 60.00 cents and EPS of 85.00 cents.

Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

16/10/2024

-1

No Rating

-

As a result of analyst Andrew Lyons leaving the employ of Goldman Sachs, the broker is suspending research coverage of Bendigo & Adelaide Bank.

The former rating, target, and forecasts no longer apply.
Access Extra Coverage Research History >

BEN STOCK CHART

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