Company Valuation: Bendigo and Adelaide Bank Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,722 5,107 4,861 6,505 7,156 6,127 - -
Change - -10.75% -4.82% 33.83% 10.01% -14.38% - -
Enterprise Value (EV) 5,722 5,107 4,861 6,505 7,156 6,127 6,127 6,127
Change - -10.75% -4.82% 33.83% 10.01% -14.38% 0% 0%
P/E 12.7x 11.7x 10.8x 13.2x -73.5x 13.5x 13.9x 12.2x
PBR 0.88x 0.75x 0.71x 0.92x 1.07x 0.89x 0.89x 0.87x
PEG - -1.93x 5.24x 1.3x 1x -0x -4.54x 0.9x
Capitalization / Revenue 3.36x 2.99x 2.51x 3.33x 3.68x 3.03x 2.93x 2.84x
EV / Revenue 0x 0x 0x 0x 0x 3.03x 2.93x 2.84x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 7.93x 7.83x 7.22x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.5 0.53 0.61 0.63 0.63 0.6262 0.6296 0.6398
Rate of return 4.77% 5.84% 7.1% 5.48% 4.98% 5.91% 5.94% 6.04%
EPS 2 0.826 0.776 0.792 0.873 -0.172 0.7871 0.763 0.8667
Distribution rate 60.5% 68.3% 77% 72.2% -366% 79.5% 82.5% 73.8%
Net sales 1 1,702 1,710 1,933 1,954 1,947 2,021 2,091 2,157
EBITDA - - - - - - - -
EBIT 1 675.1 693.6 871.6 831.4 737.2 772.4 782.1 848.2
Net income 1 524 488.1 497 545 -97.1 475.2 457.7 525.1
Net Debt - - - - - - - -
Reference price 2 10.49 9.07 8.59 11.49 12.64 10.59 10.59 10.59
Nbr of stocks (in thousands) 5,45,501 5,63,097 5,65,888 5,66,179 5,66,179 5,78,601 - -
Announcement Date 15/08/21 14/08/22 13/08/23 25/08/24 24/08/25 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.45x - - 5.91% 427.86Cr
5.93x - - 5.28% 32TCr
20.74x - - 0.84% 11TCr
14.71x - - 4.62% 7.59TCr
7.8x - - 6.51% 6.16TCr
4.9x - - 6.14% 5.54TCr
19.81x - - 2.78% 5.26TCr
13.27x - - 5.25% 4.44TCr
9.43x - - 4.62% 4.17TCr
10.73x - - 3.74% 3.5TCr
Average 12.08x 4.57% 8.02TCr
Weighted average by Cap. 10.57x 4.51%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Bendigo and Adelaide Bank Limited