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

$9.02

01 Dec
2023

0.100

OPEN

$8.91

1.12%

HIGH

$9.05

1,549,854

LOW

$8.85

TARGET
$9.17 1.7% upside
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 87.9 83.2 xxx
DPS (cps) xxx 61.0 63.0 xxx
EPS Growth xxx 0.4% - 5.4% xxx
DPS Growth xxx 15.1% 3.3% xxx
PE Ratio xxx N/A 10.8 xxx
Dividend Yield xxx N/A 7.0% xxx
Div Pay Ratio(%) xxx 69.4% 75.7% xxx

Dividend yield today if purchased 3 years ago: 6.80%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.76

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: 04/09 - ex-div 32c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 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

-0.1

No. Of Recommendations

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

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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Citi

15/08/2023

3

Downgrade to Neutral from Buy

$9.25

2.55%

Bendigo & Adelaide Bank's FY23 result fell shy of consensus observes Citi, thanks to a miss on cash earnings, a weaker exit net interest margin and a small rise in costs, aided by sharply lower amortisation.

Management remained upbeat, expecting CT1 would improve in FY24, which Citi extrapolates to mean a strong year marked by improved productivity and mortgage market metrics.

Citi doubts an improvement in CT1 in FY24, calling a slight retreat, which would undermine the company's premises. Yes, there is upside if management executes well, says the broker, but it doesn't consider the risk worth it.

Rating is downgraded to Neutral from Buy. Target price is steady at $9.25.

FORECAST
Citi forecasts a full year FY24 dividend of 64.00 cents and EPS of 87.00 cents.
Citi forecasts a full year FY25 dividend of 66.00 cents and EPS of 85.50 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

BEN STOCK CHART

FNArena News on BEN

1
Australian Banks Post FY23 Results: Same, Same

Nov 30 2023 - Feature Stories
2
ESG Focus: Rounding Up A Psychosocial FY23 Season

Nov 20 2023 - ESG Focus
3
In Brief: Ozempic, Banks & the EV Megatrend

Oct 27 2023 - Weekly Reports
4
ESG Focus: ESG-Linked Remuneration Now In Focus

Oct 19 2023 - ESG Focus
5
In Brief: Banks, Technology & Insurance

Oct 06 2023 - Weekly Reports

Latest Banks News

1
Australian Banks Post FY23 Results: Same, Same

Nov 30 2023 - Feature Stories
2
Costs Continue To Drag On Westpac

Nov 07 2023 - Australia
3
In Brief: House Prices; Mortgage Stress, Banks

Nov 03 2023 - Weekly Reports
4
Australian Banks: Choppy And Messy

Sep 28 2023 - Technicals
5
Post August Reflections

Sep 05 2023 - Australia
6
Banks: Topping Out?

Jul 25 2023 - Technicals
7
Australian Banks: Future Not Bright

May 17 2023 - Feature Stories
8
Judo Capital Offers Differentation

May 11 2023 - Small Caps
9
Bank Of Queensland Disappoints

Apr 17 2023 - Australia
10
Australian Banks: Clouds On The Horizon

Apr 14 2023 - Feature Stories