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

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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

$9.79

22 Apr
2024

0.130

OPEN

$9.71

1.35%

HIGH

$9.79

1,256,211

LOW

$9.67

TARGET
$9.16 -6.4% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABA . AFG . ANZ . BOQ . CBA . HLI . MYS . NAB . RMC . SUN . VUK . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
BEN: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 82.1 xxx
DPS (cps) xxx N/A 60.8 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 12.0 xxx
Dividend Yield xxx N/A 6.2% xxx
Div Pay Ratio(%) xxx N/A 74.0% xxx

Dividend yield today if purchased 3 years ago: 5.76%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

6.19

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: 22/02 - ex-div 30c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx87.9
DPS All xxxxxxxxxxxxxxx61.0
Sales/Revenue xxxxxxxxxxxxxxx3,642.0 M
Book Value Per Share xxxxxxxxxxxxxxx1,210.6
Net Operating Cash Flow xxxxxxxxxxxxxxx527.0 M
Net Profit Margin xxxxxxxxxxxxxxx13.65 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx7.33 %
Return on Invested Capital xxxxxxxxxxxxxxx2.90 %
Return on Assets xxxxxxxxxxxxxxx0.51 %
Return on Equity xxxxxxxxxxxxxxx7.33 %
Return on Total Capital xxxxxxxxxxxxxxx3.62 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx205.7 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx4,265 M
Long Term Debt xxxxxxxxxxxxxxx9,250 M
Total Debt xxxxxxxxxxxxxxx13,515 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx6,560 M
Price To Book Value xxxxxxxxxxxxxxx0.71

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx30.6 M
Capex % of Sales xxxxxxxxxxxxxxx0.84 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx362 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx9,634 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

-0.4

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Citi

25/03/2024

5

Sell

$8.60

-12.16%

Citi is anticipating a slow release of capital for Bendigo & Adelaide Bank as it winds down its Homesafe business. The broker is estimating around $400m in CET1 is tied up in Homesafe, and will be released over eight years. 

The broker expects this to leave the bank's balance sheet in good shape, and notes potential for special dividend payments. 

The Sell rating and target price of $8.60 are retained.

FORECAST
Citi forecasts a full year FY24 dividend of 60.00 cents and EPS of 81.70 cents.
Citi forecasts a full year FY25 dividend of 60.00 cents and EPS of 76.50 cents.

UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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BEN STOCK CHART