BENDIGO & ADELAIDE BANK LIMITED (BEN)
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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

$10.28

27 Nov
2025

0.070

OPEN

$10.23

0.69%

HIGH

$10.42

1,553,364

LOW

$10.20

TARGET
$11.02 7.2% upside
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 83.4 xxx
DPS (cps) xxx 63.0 63.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 0.0% 0.0% xxx
PE Ratio xxx N/A 12.3 xxx
Dividend Yield xxx N/A 6.2% xxx
Div Pay Ratio(%) xxx N/A 75.6% xxx

Dividend yield today if purchased 3 years ago: 6.91%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.15

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

-0.6

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Citi

25/11/2025

5

Sell

$11.00

7.00%

Management at Bendigo and Adelaide Bank today disclosed a Deloitte review which found material anti-money laundering and counter-terrorism financing control deficiencies. This followed self-reporting to AUSTRAC after suspicious branch activity.

The review, covering 2019-25, highlighted wider systemic weaknesses beyond the affected branch, notes Citi, in an early assessment.

The analysts argue continuous-disclosure rules forced early release of findings before the bank could quantify uplift costs, extending uncertainty for investors.

The broker adds next week’s investor day is unlikely to provide firm numbers, complicating productivity messaging given rising compliance pressures. 

Sell. Target price $11.

FORECAST
Citi forecasts a full year FY26 dividend of 63.00 cents and EPS of 87.50 cents.
Citi forecasts a full year FY27 dividend of 63.00 cents and EPS of 90.90 cents.

Ord Minnett

xx/xx/xxxx

3

xxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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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

25/11/2025

3

Neutral

$11.00

7.00%

Jarden obseves Deloitte found widespread deficiencies across the Bendigo & Adelaide Bank branch network after an investigation into suspicious activity from August 2019 to August 2025.

The broker highlights weaknesses in the bank's anti-money laundering and counter-terrorism financing risk assessment, customer due diligence, oversight, transaction monitoring and customer risk rating.

Jarden sees parallels with prior cases in the bank sector that led to heavy fines, capital add-ons and enforceable undertakings. It is thought Bendigo & Adelaide Bank faces heightened regulatory and valuation risk.

Target price reduced to $11.00 from $12.00. Neutral rating 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
Australian Broker Call *Extra* Edition – Nov 27, 2025

Nov 27 2025 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Nov 17, 2025

Nov 17 2025 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 14-11-25

Nov 17 2025 - Weekly Reports
4
Next Week At A Glance – 15-19 Sep 2025

Sep 12 2025 - Weekly Reports
5
Rudi’s View: A Glass Half-Full Outlook

Sep 03 2025 - Rudi's View

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