Bendigo and Adelaide Bank Ltd
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 als… Read more
Bendigo and Adelaide Bank Ltd (BEN) - Net Assets
Latest net assets as of June 2025: AU$6.67 Billion AUD
Based on the latest financial reports, Bendigo and Adelaide Bank Ltd (BEN) has net assets worth AU$6.67 Billion AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$103.22 Billion) and total liabilities (AU$96.55 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$6.67 Billion |
| % of Total Assets | 6.46% |
| Annual Growth Rate | 15.1% |
| 5-Year Change | 4.99% |
| 10-Year Change | 30.4% |
| Growth Volatility | 38.53 |
Bendigo and Adelaide Bank Ltd - Net Assets Trend (1991–2025)
This chart illustrates how Bendigo and Adelaide Bank Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bendigo and Adelaide Bank Ltd (1991–2025)
The table below shows the annual net assets of Bendigo and Adelaide Bank Ltd from 1991 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$6.67 Billion | -5.17% |
| 2024-06-30 | AU$7.03 Billion | +2.68% |
| 2023-06-30 | AU$6.85 Billion | +2.07% |
| 2022-06-30 | AU$6.71 Billion | +5.64% |
| 2021-06-30 | AU$6.35 Billion | +9.58% |
| 2020-06-30 | AU$5.80 Billion | +2.96% |
| 2019-06-30 | AU$5.63 Billion | +0.20% |
| 2018-06-30 | AU$5.62 Billion | +3.59% |
| 2017-06-30 | AU$5.43 Billion | +6.07% |
| 2016-06-30 | AU$5.12 Billion | +3.51% |
| 2015-06-30 | AU$4.94 Billion | -0.50% |
| 2014-06-30 | AU$4.97 Billion | +12.01% |
| 2013-06-30 | AU$4.43 Billion | +5.13% |
| 2012-06-30 | AU$4.22 Billion | +6.64% |
| 2011-06-30 | AU$3.96 Billion | +1.93% |
| 2010-06-30 | AU$3.88 Billion | +24.42% |
| 2009-06-30 | AU$3.12 Billion | -4.63% |
| 2008-06-30 | AU$3.27 Billion | +222.17% |
| 2007-06-30 | AU$1.01 Billion | +12.84% |
| 2006-06-30 | AU$899.50 Million | +20.08% |
| 2005-06-30 | AU$749.10 Million | +10.75% |
| 2004-06-30 | AU$676.40 Million | +22.38% |
| 2003-06-30 | AU$552.71 Million | +11.79% |
| 2002-06-30 | AU$494.43 Million | +16.94% |
| 2001-06-30 | AU$422.80 Million | +46.62% |
| 2000-06-30 | AU$288.36 Million | +18.62% |
| 1999-06-30 | AU$243.09 Million | +62.39% |
| 1998-06-30 | AU$149.69 Million | +7.65% |
| 1997-06-30 | AU$139.05 Million | -3.82% |
| 1996-06-30 | AU$144.58 Million | +13.70% |
| 1995-06-30 | AU$127.16 Million | +8.93% |
| 1994-06-30 | AU$116.73 Million | +3.79% |
| 1993-06-30 | AU$112.46 Million | +39.69% |
| 1992-06-30 | AU$80.51 Million | +43.98% |
| 1991-06-30 | AU$55.92 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bendigo and Adelaide Bank Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 20620.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$1.33 Billion | 19.91% |
| Common Stock | AU$5.20 Billion | 78.01% |
| Other Comprehensive Income | AU$138.70 Million | 2.08% |
| Total Equity | AU$6.67 Billion | 100.00% |
Bendigo and Adelaide Bank Ltd Competitors by Market Cap
The table below lists competitors of Bendigo and Adelaide Bank Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Copa Holdings SA
NYSE:CPA
|
$3.48 Billion |
|
Mainfreight Limited
PINK:MFGHF
|
$3.48 Billion |
|
SpringWorks Therapeutics Inc
NASDAQ:SWTX
|
$3.48 Billion |
|
Fortune Electric Co Ltd
TW:1519
|
$3.49 Billion |
|
Perfect World Co Ltd
SHE:002624
|
$3.48 Billion |
|
Fulton Financial Corporation
NASDAQ:FULT
|
$3.48 Billion |
|
Shake Shack Inc
NYSE:SHAK
|
$3.48 Billion |
|
SPIRIT AERO HLDG-A
MU:S9Q
|
$3.48 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bendigo and Adelaide Bank Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,034,000,000 to 6,670,300,000, a change of -363,700,000 (-5.2%).
- Net loss of 97,100,000 reduced equity.
- Dividend payments of 356,200,000 reduced retained earnings.
- Share repurchases of 58,300,000 reduced equity.
- New share issuances of 300,000 increased equity.
- Other comprehensive income increased equity by 98,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-97.10 Million | -1.46% |
| Dividends Paid | AU$356.20 Million | -5.34% |
| Share Repurchases | AU$58.30 Million | -0.87% |
| Share Issuances | AU$300.00K | +0.0% |
| Other Comprehensive Income | AU$98.00 Million | +1.47% |
| Other Changes | AU$49.60 Million | +0.74% |
| Total Change | AU$- | -5.17% |
Book Value vs Market Value Analysis
This analysis compares Bendigo and Adelaide Bank Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.85x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 87.71x to 0.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-06-30 | AU$0.11 | AU$10.03 | x |
| 1992-06-30 | AU$2.38 | AU$10.03 | x |
| 1993-06-30 | AU$3.28 | AU$10.03 | x |
| 1994-06-30 | AU$3.21 | AU$10.03 | x |
| 1995-06-30 | AU$3.26 | AU$10.03 | x |
| 1996-06-30 | AU$3.24 | AU$10.03 | x |
| 1997-06-30 | AU$2.76 | AU$10.03 | x |
| 1998-06-30 | AU$2.84 | AU$10.03 | x |
| 1999-06-30 | AU$3.61 | AU$10.03 | x |
| 2000-06-30 | AU$3.66 | AU$10.03 | x |
| 2001-06-30 | AU$3.96 | AU$10.03 | x |
| 2002-06-30 | AU$4.12 | AU$10.03 | x |
| 2003-06-30 | AU$4.33 | AU$10.03 | x |
| 2004-06-30 | AU$5.04 | AU$10.03 | x |
| 2005-06-30 | AU$5.28 | AU$10.03 | x |
| 2006-06-30 | AU$6.35 | AU$10.03 | x |
| 2007-06-30 | AU$6.96 | AU$10.03 | x |
| 2008-06-30 | AU$14.97 | AU$10.03 | x |
| 2009-06-30 | AU$10.64 | AU$10.03 | x |
| 2010-06-30 | AU$9.98 | AU$10.03 | x |
| 2011-06-30 | AU$10.25 | AU$10.03 | x |
| 2012-06-30 | AU$10.12 | AU$10.03 | x |
| 2013-06-30 | AU$9.86 | AU$10.03 | x |
| 2014-06-30 | AU$10.85 | AU$10.03 | x |
| 2015-06-30 | AU$9.79 | AU$10.03 | x |
| 2016-06-30 | AU$9.41 | AU$10.03 | x |
| 2017-06-30 | AU$9.88 | AU$10.03 | x |
| 2018-06-30 | AU$9.95 | AU$10.03 | x |
| 2019-06-30 | AU$9.77 | AU$10.03 | x |
| 2020-06-30 | AU$9.58 | AU$10.03 | x |
| 2021-06-30 | AU$9.67 | AU$10.03 | x |
| 2022-06-30 | AU$10.33 | AU$10.03 | x |
| 2023-06-30 | AU$10.35 | AU$10.03 | x |
| 2024-06-30 | AU$10.61 | AU$10.03 | x |
| 2025-06-30 | AU$11.79 | AU$10.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bendigo and Adelaide Bank Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.85%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 15.47x
- Recent ROE (-1.46%) is below the historical average (7.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 7.54% | 12.46% | 0.05x | 11.86x | AU$-1.38 Million |
| 1992 | 7.39% | 15.66% | 0.04x | 11.56x | AU$-2.10 Million |
| 1993 | 5.31% | 8.28% | 0.06x | 11.28x | AU$-5.28 Million |
| 1994 | 7.92% | 11.72% | 0.06x | 11.73x | AU$-2.42 Million |
| 1995 | 7.04% | 10.34% | 0.06x | 12.22x | AU$-3.76 Million |
| 1996 | 8.80% | 13.70% | 0.05x | 13.07x | AU$-1.73 Million |
| 1997 | 7.94% | 0.00% | -0.03x | 18.91x | AU$-2.86 Million |
| 1998 | 9.48% | 12.60% | 0.04x | 21.18x | AU$-776.10K |
| 1999 | 8.10% | 14.36% | 0.03x | 17.30x | AU$-4.61 Million |
| 2000 | 7.39% | 0.00% | -0.04x | 17.04x | AU$-7.52 Million |
| 2001 | 7.87% | 14.98% | 0.03x | 16.51x | AU$-9.00 Million |
| 2002 | 9.87% | 18.09% | 0.03x | 16.11x | AU$-666.40K |
| 2003 | 10.68% | 18.24% | 0.03x | 16.75x | AU$3.75 Million |
| 2004 | 11.79% | 21.04% | 0.03x | 16.68x | AU$12.14 Million |
| 2005 | 12.64% | 23.01% | 0.03x | 17.69x | AU$19.75 Million |
| 2006 | 12.97% | 24.62% | 0.03x | 16.88x | AU$26.69 Million |
| 2007 | 11.99% | 23.42% | 0.03x | 16.74x | AU$20.23 Million |
| 2008 | 6.06% | 25.03% | 0.02x | 14.71x | AU$-128.70 Million |
| 2009 | 2.69% | 10.34% | 0.02x | 15.11x | AU$-228.07 Million |
| 2010 | 6.50% | 22.52% | 0.02x | 13.96x | AU$-130.87 Million |
| 2011 | 8.65% | 27.98% | 0.02x | 13.89x | AU$-53.41 Million |
| 2012 | 4.42% | 15.61% | 0.02x | 13.57x | AU$-235.27 Million |
| 2013 | 7.80% | 26.71% | 0.02x | 13.60x | AU$-97.60 Million |
| 2014 | 7.38% | 27.94% | 0.02x | 13.10x | AU$-130.05 Million |
| 2015 | 8.51% | 29.76% | 0.02x | 13.36x | AU$-73.77 Million |
| 2016 | 8.12% | 29.05% | 0.02x | 13.41x | AU$-95.93 Million |
| 2017 | 7.92% | 29.60% | 0.02x | 13.16x | AU$-112.96 Million |
| 2018 | 7.73% | 28.63% | 0.02x | 12.71x | AU$-127.53 Million |
| 2019 | 6.69% | 24.48% | 0.02x | 12.86x | AU$-186.36 Million |
| 2020 | 3.33% | 7.61% | 0.03x | 13.11x | AU$-387.02 Million |
| 2021 | 8.25% | 24.80% | 0.02x | 13.63x | AU$-111.35 Million |
| 2022 | 7.27% | 24.53% | 0.02x | 14.19x | AU$-183.09 Million |
| 2023 | 7.25% | 13.65% | 0.04x | 14.38x | AU$-188.07 Million |
| 2024 | 7.75% | 29.29% | 0.02x | 13.96x | AU$-158.40 Million |
| 2025 | -1.46% | -1.85% | 0.05x | 15.47x | AU$-764.13 Million |
Industry Comparison
This section compares Bendigo and Adelaide Bank Ltd's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $5,160,914,404
- Average return on equity (ROE) among peers: 0.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bendigo and Adelaide Bank Ltd (BEN) | AU$6.67 Billion | 7.54% | 14.47x | $3.48 Billion |
| Auswide Bank Ltd (ABA) | $79.81 Million | 0.07% | 9.55x | $125.43 Million |
| BNK Banking Corporation Ltd (BBC) | $220.87 Million | -0.18% | 0.00x | $11.38 Million |
| BSP Financial Group Ltd (BFL) | $29.94 Billion | 3.59% | 0.02x | $1.53 Billion |
| Bank of Queensland Ltd (BOQ) | $66.21 Million | 10.91% | 0.95x | $2.79 Billion |
| Judo Capital Holdings Ltd (JDO) | $543.02 Million | -9.36% | 3.50x | $883.94 Million |
| Mystate Ltd (MYS) | $120.20 Million | 0.00% | 13.20x | $427.20 Million |