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Bendigo and Adelaide Bank Limited (BEN) Fair Value & Analysis

Financial Services · AU · Market cap A$5.7B

BA Bendigo and Adelaide Bank Limited BEN · AU
PriceA$10.35
Fair ValueA$12.20
Upside+17.9%
Quality95/100
Evidence: High Range A$5.83 – A$19.50

Fair value as of: Jun 26, 2026

From 15 valuation models · updated 3 days ago

Fair value updated Jun 26, 2026 — revised from A$16.56 to A$12.20 (−26.3%) since Jun 24, 2026. Share price +0.5% over the past month.

Price vs Fair Value (12 months)

A$12.74 A$9.71 Fair Value A$12.20 Jun 2025 Jun 2026

12‑month range A$9.71 – A$12.74 · fair‑value band A$5.83 – A$19.50 · the A$10.35 price screens below the A$12.20 fair value. As of Jun 26, 2026.

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Analysis

Bendigo and Adelaide Bank Limited (BEN) currently trades at A$10.35, while our model-based Fair Value estimate is A$12.20 — implying the stock looks roughly 17.9% undervalued today. We read business quality at 95/100 (high quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Bendigo and Adelaide Bank Limited generated revenue of A$1.9B at a net margin of -4.4%. It earns a return on equity of -1.2%. Net debt stands at A$10.3B. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) A$1.9B
Net margin -4.4%
Return on equity -1.2%
Free cash flow A$1.7B FY2025
Operating margin 29.5%
EPS (TTM) A$-0.1500
More key figures
Dividend yield 6.1%
EPS growth (YoY) +5.3%
Net debt A$10.3B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Bendigo and Adelaide Bank Limited engages in the provision of banking and other financial services to retail customers and small to medium sized businesses in Australia. It operates through Consumer, Business and Agribusiness, and Corporate segments. The company offers transaction and savings account; term deposit; managed funds; share trading; margin lending; and private banking services. It also provides home and personal loans, as well as business loans, equipment finance, and foreign exchange; credit and debit cards; personal insurance; travel and holiday products; and financial advice services. In addition, the company offers EFTPOS and payment services, agribusiness solutions, and private banking; residential, business, rural and commercial lending; payments services, wealth management, margin lending, treasury, and foreign exchange services. It operates under the Bendigo Bank, Up, Leveraged, and Community Enterprise Foundation brands. The company was founded in 1858 and is he…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bendigo and Adelaide Bank Limited reported revenue of A$5.3B in FY2025 versus A$2.1B in FY2021, a compound +25.6%/yr. Reported net income was −A$97.1M in FY2025.

Revenue +25.6%/yr
FY21 A$2.1B
FY22 A$2.0B
FY23 A$3.6B
FY24 A$1.9B
FY25 A$5.3B
Net income
FY21 A$524M
FY22 A$488M
FY23 A$497M
FY24 A$545M
FY25 −A$97.1M

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Frequently asked questions

Is Bendigo and Adelaide Bank Limited (BEN) undervalued?
As of Jun 26, 2026, our model estimates a fair value of A$12.20 versus a price of A$10.35 — about +18% (undervalued). Model-based estimate, not financial advice.
What is the fair value of BEN?
Our 21-model fair value for Bendigo and Adelaide Bank Limited is A$12.20 (as of Jun 26, 2026), built from audited fundamentals. The current price is A$10.35.
What is the quality score of BEN?
Bendigo and Adelaide Bank Limited has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Bendigo and Adelaide Bank Limited (BEN)?
Bendigo and Adelaide Bank Limited reported trailing-twelve-month revenue of about A$1.9B (latest available figure, as of Jun 26, 2026).
What is the net profit margin of BEN?
The net profit margin of Bendigo and Adelaide Bank Limited is about -4.4%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Bendigo and Adelaide Bank Limited pay a dividend?
Bendigo and Adelaide Bank Limited currently shows a dividend yield of about 6.13% relative to its recent price (as of Jun 26, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.