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Bell Financial Group (BFG) Fair Value & Analysis

Financial Services · AU · Market cap A$443M

BF Bell Financial Group BFG · AU
PriceA$1.44
Fair ValueA$1.11
Upside-22.9%
Quality95/100
Evidence: High Range A$0.8300 – A$1.39

Fair value as of: Jun 26, 2026

From 26 valuation models · updated 3 days ago

Share price +2.9% over the past month.

Price vs Fair Value (12 months)

A$1.44 A$1.04 Fair Value A$1.11 Jun 2025 Jun 2026

12‑month range A$1.04 – A$1.44 · fair‑value band A$0.8300 – A$1.39 · the A$1.44 price screens above the A$1.11 fair value. As of Jun 26, 2026.

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Analysis

Bell Financial Group (BFG) currently trades at A$1.44, while our model-based Fair Value estimate is A$1.11 — implying the stock looks roughly 22.9% overvalued today. We read business quality at 95/100 (high quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Bell Financial Group generated revenue of A$278M at a net margin of 12.9%. Revenue grew 33.5% year over year. It earns a return on equity of 14.5%. Net debt stands at A$495M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) A$278M
Revenue growth (YoY) +33.5%
Net margin 12.9%
Return on equity 14.5%
Free cash flow A$79.1M FY2025
P/E ratio 12.5
More key figures
Operating margin 22.8%
EPS (TTM) A$0.1100
Dividend yield 6.9%
EPS growth (YoY) +92.2%
Net debt A$495M FY2025

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

About the company

Bell Financial Group Limited engages in the provision of full service broking, online broking, corporate finance, and financial advisory services to private, institutional, and corporate clients in Australia and internationally. It operates through Technology & Platforms, Products & Services, and Broking segments. The company develops proprietary technology, platforms, products, and services. It also offers retail broking, institutional broking, intermediary broking, online broking, equity capital markets, research, cash management, margin lending, portfolio administration, and third-party clearing services; and foreign exchange execution services, including spot and forward foreign exchange, foreign currency options, tailored forwards, research and foreign currency accounts. The company was founded in 1970 and is based in Melbourne, Australia.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bell Financial Group reported revenue of A$296M in FY2025 versus A$293M in FY2021, a compound +0.3%/yr. Reported net income was A$36.0M in FY2025, compounding −4.9%/yr from FY2021.

Revenue +0.3%/yr
FY21 A$293M
FY22 A$241M
FY23 A$229M
FY24 A$246M
FY25 A$296M
Net income −4.9%/yr
FY21 A$44.1M
FY22 A$25.7M
FY23 A$24.3M
FY24 A$30.7M
FY25 A$36.0M

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Frequently asked questions

Is Bell Financial Group (BFG) undervalued?
As of Jun 26, 2026, our model estimates a fair value of A$1.11 versus a price of A$1.44 — about −23% (overvalued). Model-based estimate, not financial advice.
What is the fair value of BFG?
Our 21-model fair value for Bell Financial Group is A$1.11 (as of Jun 26, 2026), built from audited fundamentals. The current price is A$1.44.
What is the quality score of BFG?
Bell Financial Group has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Bell Financial Group (BFG)?
Bell Financial Group reported trailing-twelve-month revenue of about A$278M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of BFG?
The net profit margin of Bell Financial Group is about 12.9%, meaning it keeps roughly 12.9% of revenue as net income. Based on the latest reported figures.
Does Bell Financial Group pay a dividend?
Bell Financial Group currently shows a dividend yield of about 6.88% 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.