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Bendigo & Adelaide Bank Ltd. (AU:BEN)
ASX:BEN

Bendigo & Adelaide Bank (BEN) AI Stock Analysis

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AU

Bendigo & Adelaide Bank

(Sydney:BEN)

72Outperform
Bendigo & Adelaide Bank Ltd. has a reasonably attractive valuation, supported by a fair P/E ratio and a strong dividend yield. Technical indicators point to strong upward momentum, though caution is advised due to potential overbought signals. Financial performance highlights some risks, particularly in terms of revenue growth and cash flow, which need to be addressed. Overall, the stock presents a moderate investment opportunity with some potential for growth, tempered by underlying financial challenges.
Positive Factors
Dividends
An interim DPS of A33¢ was announced, which is higher than the consensus estimate.
Revenue
Higher than expected revenues from NIM and non-interest income were reported.
Negative Factors
Costs
The company faced higher than expected costs.

Bendigo & Adelaide Bank (BEN) vs. S&P 500 (SPY)

Bendigo & Adelaide Bank Business Overview & Revenue Model

Company DescriptionBendigo & Adelaide Bank Ltd. (BEN) is a prominent Australian financial institution engaged in providing a wide range of banking and financial services. The company operates primarily in the sectors of retail banking, business banking, wealth management, and agribusiness banking. It offers products and services such as savings accounts, personal and business loans, credit cards, insurance, and investment services, catering to both individual and corporate customers. With a strong focus on community banking, Bendigo & Adelaide Bank Ltd. is dedicated to delivering customer-oriented solutions and fostering community growth.
How the Company Makes MoneyBendigo & Adelaide Bank Ltd. generates revenue through a diversified model primarily focused on interest income from its lending activities. The bank earns money by issuing loans and mortgages to individuals and businesses, charging interest on the borrowed amounts. Additionally, it generates fee income from banking services such as account maintenance, transaction fees, and advisory services in wealth management. The bank also benefits from net interest margin, which is the difference between the interest earned on loans and the interest paid on deposits. Furthermore, Bendigo & Adelaide Bank Ltd. forms strategic partnerships with community enterprises and organizations, which contribute to its growth and customer base. Other significant factors contributing to its earnings include its investment portfolio and insurance products, which provide additional streams of income, diversifying its revenue sources.

Bendigo & Adelaide Bank Financial Statement Overview

Summary
Bendigo & Adelaide Bank Ltd. displays a mixed financial profile. While profitability metrics remain stable, revenue growth challenges and high leverage present potential risks. The negative trend in cash flows further signals operational inefficiencies. The company must address these issues to maintain its financial health and improve shareholder value.
Income Statement
65
Positive
The income statement shows a mixed performance. Gross and net profit margins have remained relatively stable. However, the revenue growth rate shows a significant decline in recent years, indicating potential challenges in generating new revenue streams. The EBIT margin has also narrowed slightly, suggesting tighter operating efficiency.
Balance Sheet
70
Positive
The balance sheet reflects a moderately strong position. The debt-to-equity ratio is on the higher side, indicating a reliance on debt financing. Return on equity is decent, showing that equity is being used effectively to generate returns. The equity ratio shows a solid base of stockholders' equity in relation to total assets, enhancing financial stability.
Cash Flow
55
Neutral
Cash flow analysis reveals some concerns, particularly with the significant negative operating cash flow in recent years. Free cash flow has also deteriorated, which could limit the company's ability to invest in growth or return capital to shareholders. The operating cash flow to net income ratio is unfavorable, suggesting inefficiencies in converting income to cash.
Breakdown
Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
1.86B3.64B1.99B2.11B2.53B
Gross Profit
1.86B3.64B1.99B2.11B2.53B
EBIT
904.50M680.50M662.90M616.00M391.00M
EBITDA
0.000.00316.50M327.80M0.00
Net Income Common Stockholders
545.00M497.00M488.10M524.00M192.80M
Balance SheetCash, Cash Equivalents and Short-Term Investments
1.89B6.68B3.16B5.52B1.23B
Total Assets
98.19B98.48B95.24B86.58B76.01B
Total Debt
11.06B13.52B13.39B13.48B5.43B
Net Debt
-1.89B6.83B10.23B7.95B4.20B
Total Liabilities
91.15B91.63B88.53B80.22B70.22B
Stockholders Equity
7.03B6.85B6.71B6.35B5.80B
Cash FlowFree Cash Flow
-5.94B496.40M450.50M-6.48B320.20M
Operating Cash Flow
-5.92B527.00M465.00M-6.46B354.60M
Investing Cash Flow
-52.10M1.72B-12.04B2.33B-43.90M
Financing Cash Flow
-411.30M2.53B8.04B10.03B-51.20M

Bendigo & Adelaide Bank Technical Analysis

Technical Analysis Sentiment
Positive
Last Price11.44
Price Trends
50DMA
10.54
Positive
100DMA
11.70
Negative
200DMA
11.77
Negative
Market Momentum
MACD
0.18
Negative
RSI
72.59
Negative
STOCH
95.03
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BEN, the sentiment is Positive. The current price of 11.44 is above the 20-day moving average (MA) of 10.59, above the 50-day MA of 10.54, and below the 200-day MA of 11.77, indicating a neutral trend. The MACD of 0.18 indicates Negative momentum. The RSI at 72.59 is Negative, neither overbought nor oversold. The STOCH value of 95.03 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BEN.

Bendigo & Adelaide Bank Peers Comparison

Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUBEN
72
Outperform
$6.48B13.496.89%5.65%15.88%-9.53%
AUSUN
70
Outperform
$21.92B15.549.52%4.39%-11.75%
AUWBC
69
Neutral
AU$114.36B16.659.54%4.74%21.25%-1.83%
AUMYS
66
Neutral
AU$664.52M12.897.25%5.60%14.46%-6.87%
64
Neutral
$12.64B9.748.05%17044.60%12.66%-4.62%
AUBOQ
54
Neutral
$4.28B14.995.20%4.75%9.76%11.92%
AUCBA
54
Neutral
AU$283.64B29.0513.22%2.80%17.35%0.73%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:BEN
Bendigo & Adelaide Bank
11.44
2.19
23.66%
AU:WBC
Westpac Banking
33.45
7.82
30.53%
AU:SUN
Suncorp Group
20.24
5.06
33.31%
AU:BOQ
Bank of Queensland
7.49
1.94
34.98%
AU:CBA
Commonwealth Bank of Australia
169.66
56.74
50.25%
AU:MYS
Mystate Limited
3.93
0.61
18.37%

Bendigo & Adelaide Bank Corporate Events

Bendigo Bank Updates 2025 Financial Calendar
Apr 2, 2025

Bendigo and Adelaide Bank Limited has updated its financial calendar for 2025, moving the release date of its full-year results and final dividend announcement from August 26 to August 25. This adjustment is part of a series of scheduled financial events throughout the year, including interim and final dividend announcements, ex-dividend dates, and the annual general meeting. The change reflects the bank’s commitment to transparent communication with stakeholders and ensures timely dissemination of financial information.

Bendigo & Adelaide Bank Ceases 231,071 Performance Rights
Apr 1, 2025

Bendigo & Adelaide Bank Limited announced the cessation of 231,071 performance rights due to the conditions for these securities not being met or becoming incapable of being satisfied. This cessation reflects a strategic adjustment in the company’s capital management, potentially impacting stakeholders’ perceptions of the bank’s performance incentives and future growth strategies.

Bendigo & Adelaide Bank Issues New Performance Rights
Mar 31, 2025

Bendigo & Adelaide Bank Limited has announced the issuance of 17,743 performance rights under an employee incentive scheme. These securities are unquoted and subject to transfer restrictions until the end of the restriction period, indicating the bank’s efforts to incentivize and retain its employees, potentially impacting its operational efficiency and stakeholder engagement.

Bendigo & Adelaide Bank Director Increases Shareholding
Mar 19, 2025

Bendigo & Adelaide Bank Ltd. has announced a change in the director’s interest, with Patricia Margaret Payn acquiring an additional 3,000 ordinary shares, bringing her total to 24,000 shares. This on-market purchase reflects a continued commitment to the company, potentially signaling confidence in its future performance and stability to stakeholders.

Bendigo & Adelaide Bank Updates Dividend Distribution Details
Mar 18, 2025

Bendigo & Adelaide Bank Ltd. announced an update to its previous dividend distribution notification, which pertains to the six-month period ending December 31, 2024. The update includes changes to specific parts of the announcement, reflecting adjustments in the dividend distribution process. This announcement may impact shareholders and stakeholders by providing updated information on the timing and structure of the dividend payout.

Bendigo and Adelaide Bank Announces New Dividend Distribution
Mar 18, 2025

Bendigo and Adelaide Bank Limited announced a new dividend distribution for its security BENPH, with a distribution amount of AUD 1.3811. The record date for this distribution is set for June 3, 2025, with payment scheduled for June 16, 2025. This announcement reflects the bank’s ongoing commitment to providing returns to its investors and may positively impact its market positioning by reinforcing investor confidence.

Bendigo & Adelaide Bank Announces New Dividend Distribution
Mar 14, 2025

Bendigo & Adelaide Bank Ltd. announced a new dividend distribution for its security BENPI, with a distribution amount of AUD 1.2913. The ex-date is set for May 30, 2025, with a record date of June 2, 2025, and payment scheduled for June 13, 2025. This announcement reflects the company’s ongoing commitment to returning value to its stakeholders and maintaining a stable financial position.

Director’s Share Acquisition at Bendigo & Adelaide Bank
Mar 13, 2025

Bendigo & Adelaide Bank Ltd. announced a change in the director’s interest, with Director Travis Andrew Dillon acquiring 9,970 additional BEN ordinary shares through an on-market purchase, raising his total holdings to 11,910 shares. This transaction reflects a significant increase in the director’s stake, potentially indicating confidence in the company’s future performance and impacting stakeholder perceptions positively.

Bendigo & Adelaide Bank to Quote New Securities on ASX
Mar 6, 2025

Bendigo & Adelaide Bank Limited has announced the application for the quotation of 1,801 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code BEN. These securities are issued under an employee incentive scheme and are not subject to transfer restrictions, indicating a strategic move to enhance employee engagement and potentially improve market liquidity.

Bendigo & Adelaide Bank Announces Director’s Share Conversion
Feb 28, 2025

Bendigo & Adelaide Bank Ltd. has announced a change in the interest of its director, Victoria Sophia Mary Weekes, involving the conversion of 1,625 Rights to Shares (BENAAD) into BEN ordinary shares. This transaction, part of the BEN Omnibus Equity Plan, resulted in Weekes holding 15,733 BEN ordinary shares and 1,624 Rights to Shares post-conversion. The change reflects the company’s ongoing commitment to aligning director interests with shareholder value, potentially impacting stakeholder perceptions positively.

Bendigo and Adelaide Bank Director’s Shareholding Update
Feb 28, 2025

Bendigo and Adelaide Bank Limited announced a change in the interests of its director, Richard David Deutsch, as per the requirements of the ASX listing rules. The director’s direct holding in BEN ordinary shares increased by 1,219 shares due to the vesting of rights under the BEN Omnibus Equity Plan, while the rights to shares decreased by the same amount. This change reflects the company’s ongoing commitment to aligning director interests with shareholder value, potentially impacting the company’s governance and stakeholder relations.

Bendigo & Adelaide Bank Addresses ASX Inquiry on Financial Metrics
Feb 24, 2025

Bendigo & Adelaide Bank Ltd. (BEN) responded to an ASX inquiry regarding its financial performance, particularly margin performance and cost growth in the first half of fiscal year 2025. The bank clarified that these factors, while important, are part of a broader set of influences on its financial results and do not individually have a material effect on its securities’ value. BEN noted that the margin deterioration and cost growth were within expected parameters based on prior market guidance and external economic conditions such as inflation and technology costs.

Bendigo & Adelaide Bank Director Increases Shareholding
Feb 24, 2025

Bendigo and Adelaide Bank Limited announced a change in the director’s interest, with Director Vicki Anne Carter acquiring 9,066 additional ordinary shares at $11.08 each, bringing her total to 33,916 shares. This change signifies a potential increase in confidence from the director, which could positively impact stakeholder perception and reflect on the bank’s market strategy.

Bendigo and Adelaide Bank Appoints New Director to Strengthen Leadership
Feb 20, 2025

Bendigo and Adelaide Bank Limited announced the appointment of Travis Andrew Dillon as a new director, effective February 21, 2025. This addition is part of the company’s ongoing efforts to enhance its leadership team and strengthen its corporate governance. Dillon holds an indirect interest in 1,940 ordinary shares through OBPC PTY LTD as a trustee for Oakbank Pastoral A/C, suggesting confidence in the bank’s future performance. The appointment is likely to positively impact the bank’s strategic direction and stakeholder confidence.

Bendigo & Adelaide Bank Director Increases Shareholding
Feb 20, 2025

Bendigo & Adelaide Bank Ltd. announced a change in the director’s interest, with Patricia Margaret Payn acquiring an additional 2,500 ordinary shares, increasing her total holding to 21,000 shares. This move signifies a potential vote of confidence in the company’s performance and may influence stakeholders’ perception of the bank’s market position.

Bendigo & Adelaide Bank Responds to ASX Earnings Query
Feb 18, 2025

Bendigo & Adelaide Bank Ltd. addressed a query from the ASX regarding its earnings expectations for the half year ending December 2024. The bank clarified that its key measure of performance, Cash Earnings, showed a 5.8% difference from market expectations, which was within acceptable limits as it did not exceed the 10% variance threshold. The bank continuously monitors its performance against market forecasts and remains confident in its earnings outlook for the full financial year.

Bendigo & Adelaide Bank Limited 2024 Half-Year Results Announced
Feb 16, 2025

Bendigo & Adelaide Bank Limited presented its financial results for the half-year ending 31 December 2024. The announcement included an acknowledgment of the Traditional Custodians of the lands, highlighting the bank’s respect for Aboriginal and Torres Strait Islander cultures. This cultural acknowledgment is a significant aspect of the company’s engagement with the community and stakeholders.

Bendigo & Adelaide Bank Applies for Quotation of New Securities
Feb 5, 2025

Bendigo and Adelaide Bank Limited announced the application for quotation of new securities under an employee incentive scheme. This move indicates the bank’s strategy to align employee interests with company performance, potentially enhancing workforce motivation and retention, which could positively impact the bank’s operational effectiveness and market performance.

Bendigo Bank Updates Continuous Disclosure Policy to Enhance Transparency
Feb 5, 2025

Bendigo and Adelaide Bank Limited has updated its Continuous Disclosure Policy, underscoring its commitment to transparency and effective communication with stakeholders. This update, approved by the Board of Directors, highlights the bank’s dedication to maintaining high standards of disclosure and corporate governance, which are crucial for its operations and industry positioning.

Bendigo Bank Updates Securities Trading Policy for Enhanced Compliance
Feb 5, 2025

Bendigo and Adelaide Bank Limited announced the release of an updated Securities Trading Policy in compliance with Listing Rule 12.10. This policy update, approved by the board of directors, reflects the bank’s commitment to transparency and regulatory compliance, potentially impacting its operational framework and stakeholder confidence.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.