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. The company operates through Consumer, Business and Agribusiness, and Corporate segments. It offers a range of products and services, including personal and business banking, financial planning, commercial mortgages and unsecured loans, investment products, insurance, and superannuation. The company also provides retail banking products and services; home loans for t… Read more
Bendigo and Adelaide Bank Ltd (BEN) - Net Assets
Latest net assets as of December 2024: AU$7.09 Billion AUD
Based on the latest financial reports, Bendigo and Adelaide Bank Ltd (BEN) has net assets worth AU$7.09 Billion AUD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$102.17 Billion) and total liabilities (AU$95.08 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
| Current Net Assets | AU$7.09 Billion | % of Total Assets | 6.94% |
|---|---|---|---|
| Annual Growth Rate | 15.78% | 5-Year Change | 21.31% |
| 10-Year Change | 42.34% | Growth Volatility | 38.88 |
Bendigo and Adelaide Bank Ltd - Net Assets Trend (1991–2024)
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 (1991–2024)
The table below shows the annual net assets of Bendigo and Adelaide Bank Ltd from 1991 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 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 27388.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$1.76 Billion | 25.05% |
| Common Stock | AU$5.23 Billion | 74.37% |
| Other Comprehensive Income | AU$40.70 Million | 0.58% |
| Total Equity | AU$7.03 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 |
|---|---|
|
Piper Sandler Companies
NYSE:PIPR
|
$4.38 Billion |
|
Adtalem Global Education Inc
NYSE:ATGE
|
$4.38 Billion |
|
HULIC CO. LTD.
F:87W
|
$4.38 Billion |
|
Dolby Laboratories
NYSE:DLB
|
$4.39 Billion |
|
Varonis Systems Inc
F:VS2
|
$4.37 Billion |
|
KITE REALTY GRP SBI DL-01
F:FGC1
|
$4.37 Billion |
|
Knife River Corporation
NYSE:KNF
|
$4.36 Billion |
|
Fibra UNO
PINK:FBASF
|
$4.36 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 2023 to 2024, total equity changed from 6,850,700,000 to 7,034,000,000, a change of 183,300,000 (2.7%).
- Net income of 545,000,000 contributed positively to equity growth.
- Dividend payments of 351,000,000 reduced retained earnings.
- Share repurchases of 332,400,000 reduced equity.
- New share issuances of 500,000 increased equity.
- Other comprehensive income decreased equity by 2,200,000.
- Other factors increased equity by 323,400,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$545.00 Million | +7.75% |
| Dividends Paid | AU$351.00 Million | -4.99% |
| Share Repurchases | AU$332.40 Million | -4.73% |
| Share Issuances | AU$500.00K | +0.01% |
| Other Comprehensive Income | AU$-2.20 Million | -0.03% |
| Other Changes | AU$323.40 Million | +4.6% |
| Total Change | AU$ 183.30 Million | +2.68% |
Book Value vs Market Value Analysis
This analysis compares Bendigo and Adelaide Bank Ltd's book value (net assets per share) with its market price over time, revealing how the market values the company relative to its accounting value.
Valuation Insights
- Current price-to-book ratio: 1.18x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 109.84x to 1.18x over the analyzed period, indicating reduced market premium.
Price-to-Book Ratio History
| Year | Book Value Per Share | Market Price | Price-to-Book Ratio |
|---|---|---|---|
| 1991 | AU$0.11 | AU$12.56 | 109.84x |
| 1992 | AU$2.38 | AU$12.56 | 5.27x |
| 1993 | AU$3.28 | AU$12.56 | 3.82x |
| 1994 | AU$3.21 | AU$12.56 | 3.91x |
| 1995 | AU$3.26 | AU$12.56 | 3.85x |
| 1996 | AU$3.24 | AU$12.56 | 3.88x |
| 1997 | AU$2.76 | AU$12.56 | 4.54x |
| 1998 | AU$2.84 | AU$12.56 | 4.43x |
| 1999 | AU$3.61 | AU$12.56 | 3.48x |
| 2000 | AU$3.66 | AU$12.56 | 3.43x |
| 2001 | AU$3.96 | AU$12.56 | 3.17x |
| 2002 | AU$4.12 | AU$12.56 | 3.05x |
| 2003 | AU$4.33 | AU$12.56 | 2.90x |
| 2004 | AU$5.04 | AU$12.56 | 2.49x |
| 2005 | AU$5.28 | AU$12.56 | 2.38x |
| 2006 | AU$6.35 | AU$12.56 | 1.98x |
| 2007 | AU$6.96 | AU$12.56 | 1.80x |
| 2008 | AU$14.97 | AU$12.56 | 0.84x |
| 2009 | AU$10.64 | AU$12.56 | 1.18x |
| 2010 | AU$9.98 | AU$12.56 | 1.26x |
| 2011 | AU$10.25 | AU$12.56 | 1.23x |
| 2012 | AU$10.12 | AU$12.56 | 1.24x |
| 2013 | AU$9.86 | AU$12.56 | 1.27x |
| 2014 | AU$10.85 | AU$12.56 | 1.16x |
| 2015 | AU$9.79 | AU$12.56 | 1.28x |
| 2016 | AU$9.41 | AU$12.56 | 1.33x |
| 2017 | AU$9.88 | AU$12.56 | 1.27x |
| 2018 | AU$9.95 | AU$12.56 | 1.26x |
| 2019 | AU$9.77 | AU$12.56 | 1.29x |
| 2020 | AU$9.58 | AU$12.56 | 1.31x |
| 2021 | AU$9.67 | AU$12.56 | 1.30x |
| 2022 | AU$10.33 | AU$12.56 | 1.22x |
| 2023 | AU$10.35 | AU$12.56 | 1.21x |
| 2024 | AU$10.61 | AU$12.56 | 1.18x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bendigo and Adelaide Bank Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.75%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.29%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 13.96x
- Recent ROE (7.75%) is below the historical average (7.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 7.54% | 12.46% | 0.05x | 11.86x | AU$-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 |
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: $1,749,657,679
- Average return on equity (ROE) among peers: 6.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bendigo and Adelaide Bank Ltd (BEN) | AU$7.09 Billion | 7.54% | 13.40x | $4.38 Billion |
| Auswide Bank Ltd (ABA) | $199.99 Million | 6.63% | 12.59x | $125.43 Million |
| BNK Banking Corporation Ltd (BBC) | $220.87 Million | -0.18% | 0.00x | $11.29 Million |
| BSP Financial Group Ltd (BFL) | $2.87 Billion | 29.39% | 7.04x | $1.46 Billion |
| Bank Of Queensland Ltd. (BOQ) | $6.20 Billion | 5.94% | 13.76x | $3.00 Billion |
| Judo Capital Holdings Ltd (JDO) | $543.02 Million | -9.36% | 3.50x | $868.30 Million |
| Mystate Ltd (MYS) | $464.94 Million | 7.59% | 18.72x | $280.01 Million |