Bell Financial Group Ltd (BFG) - Net Assets

Latest as of June 2025: AU$237.25 Million AUD ≈ $167.87 Million USD

Based on the latest financial reports, Bell Financial Group Ltd (BFG) has net assets worth AU$237.25 Million AUD (≈ $167.87 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$1.23 Billion ≈ $867.08 Million USD) and total liabilities (AU$988.20 Million ≈ $699.22 Million USD). 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. Check Bell Financial Group Ltd (BFG) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$237.25 Million
% of Total Assets	19.36%
Annual Growth Rate	3.87%
5-Year Change	4.29%
10-Year Change	-62.61%
Growth Volatility	52.57

Bell Financial Group Ltd - Net Assets Trend (2007–2024)

This chart illustrates how Bell Financial Group Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Bell Financial Group Ltd's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Bell Financial Group Ltd (2007–2024)

The table below shows the annual net assets of Bell Financial Group Ltd from 2007 to 2024. For live valuation and market cap data, see BFG market cap overview.

Year	Net Assets	Change
2024-12-31	AU$240.86 Million ≈ $170.42 Million	+2.30%
2023-12-31	AU$235.44 Million ≈ $166.59 Million	+0.02%
2022-12-31	AU$235.40 Million ≈ $166.56 Million	-1.52%
2021-12-31	AU$239.05 Million ≈ $169.14 Million	+3.51%
2020-12-31	AU$230.94 Million ≈ $163.41 Million	+9.29%
2019-12-31	AU$211.30 Million ≈ $149.51 Million	-71.18%
2018-12-31	AU$733.22 Million ≈ $518.80 Million	+3.03%
2017-12-31	AU$711.65 Million ≈ $503.54 Million	+14.67%
2016-12-31	AU$620.59 Million ≈ $439.11 Million	-3.67%
2015-12-31	AU$644.21 Million ≈ $455.82 Million	+26.16%
2014-12-31	AU$510.63 Million ≈ $361.30 Million	-2.17%
2013-12-31	AU$521.98 Million ≈ $369.33 Million	+207.98%
2012-12-31	AU$169.49 Million ≈ $119.92 Million	-2.95%
2011-12-31	AU$174.64 Million ≈ $123.57 Million	-0.96%
2010-12-31	AU$176.34 Million ≈ $124.77 Million	+6.46%
2009-12-31	AU$165.64 Million ≈ $117.20 Million	+13.07%
2008-12-31	AU$146.49 Million ≈ $103.65 Million	+15.93%
2007-12-31	AU$126.37 Million ≈ $89.41 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Bell Financial Group 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 8177100000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	AU$66.39 Million	27.56%
Common Stock	AU$204.24 Million	84.80%
Other Comprehensive Income	AU$-27.15 Million	-11.27%
Total Equity	AU$240.86 Million	100.00%

Bell Financial Group Ltd Competitors by Market Cap

The table below lists competitors of Bell Financial Group Ltd ranked by their market capitalization.

Company	Market Cap
Yulie Sekurindo Tbk JK:YULE	$308.79 Million
Edda Wind ASA OL:EWIND	$308.89 Million
Feedback Technology TWO:8091	$308.90 Million
Hiron-Trade Investments & Industrial Buildings Ltd TA:HRON	$308.91 Million
Dentium KO:145720	$308.58 Million
Qinghai Spring Medicinal Resources Technology Co Ltd SHG:600381	$308.40 Million
Changzhou Tiansheng New Materials Co Ltd SHE:300169	$308.15 Million
Kaimei Electronic Corp TW:2375	$308.15 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Bell Financial Group Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 235,443,000 to 240,857,000, a change of 5,414,000 (2.3%).
Net income of 30,741,000 contributed positively to equity growth.
Dividend payments of 25,660,000 reduced retained earnings.
Other comprehensive income increased equity by 333,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	AU$30.74 Million	+12.76%
Dividends Paid	AU$25.66 Million	-10.65%
Other Comprehensive Income	AU$333.00K	+0.14%
Total Change	AU$-	2.30%

Book Value vs Market Value Analysis

This analysis compares Bell Financial Group 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: 1.80x
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 3.42x to 1.80x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2007-12-31	AU$0.40	AU$1.36	x
2008-12-31	AU$0.46	AU$1.36	x
2009-12-31	AU$0.52	AU$1.36	x
2010-12-31	AU$0.55	AU$1.36	x
2011-12-31	AU$0.55	AU$1.36	x
2012-12-31	AU$0.53	AU$1.36	x
2013-12-31	AU$0.55	AU$1.36	x
2014-12-31	AU$0.56	AU$1.36	x
2015-12-31	AU$0.58	AU$1.36	x
2016-12-31	AU$0.60	AU$1.36	x
2017-12-31	AU$0.62	AU$1.36	x
2018-12-31	AU$0.64	AU$1.36	x
2019-12-31	AU$0.66	AU$1.36	x
2020-12-31	AU$0.72	AU$1.36	x
2021-12-31	AU$0.75	AU$1.36	x
2022-12-31	AU$0.74	AU$1.36	x
2023-12-31	AU$0.74	AU$1.36	x
2024-12-31	AU$0.76	AU$1.36	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Bell Financial Group 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): 12.76%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 12.52%
• Asset Turnover: 0.23x
• Equity Multiplier: 4.38x
Recent ROE (12.76%) is above the historical average (10.22%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2007	7.69%	4.37%	0.37x	4.80x	AU$-2.92 Million
2008	9.86%	9.52%	0.33x	3.16x	AU$-212.20K
2009	16.47%	14.07%	0.36x	3.21x	AU$10.72 Million
2010	12.23%	11.52%	0.35x	3.00x	AU$3.93 Million
2011	4.37%	5.37%	0.32x	2.52x	AU$-9.83 Million
2012	-1.63%	-2.27%	0.28x	2.59x	AU$-19.71 Million
2013	3.88%	4.44%	0.29x	3.05x	AU$-10.76 Million
2014	3.26%	3.83%	0.29x	2.97x	AU$-11.99 Million
2015	8.53%	9.13%	0.26x	3.59x	AU$-2.72 Million
2016	8.60%	8.97%	0.29x	3.36x	AU$-2.66 Million
2017	10.53%	10.26%	0.27x	3.77x	AU$1.03 Million
2018	12.14%	11.48%	0.28x	3.75x	AU$4.36 Million
2019	15.35%	12.85%	0.23x	5.17x	AU$11.31 Million
2020	20.22%	15.73%	0.28x	4.62x	AU$23.60 Million
2021	18.46%	15.07%	0.22x	5.64x	AU$20.21 Million
2022	10.91%	10.65%	0.19x	5.33x	AU$2.15 Million
2023	10.33%	10.63%	0.20x	4.88x	AU$779.70K
2024	12.76%	12.52%	0.23x	4.38x	AU$6.66 Million

Industry Comparison

This section compares Bell Financial Group Ltd's net assets metrics with peer companies in the Capital Markets industry.

Industry Context

Industry: Capital Markets
Average net assets among peers: $151,604,996
Average return on equity (ROE) among peers: -8.52%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Bell Financial Group Ltd (BFG)	AU$237.25 Million	7.69%	4.17x	$308.65 Million
Australian Bond Exchange Holdings Ltd (ABE)	$12.88 Million	-28.28%	0.07x	$1.12 Million
ALANDEQGRP FPO (AEG)	$5.49 Million	-9.77%	0.03x	$22.36 Million
Asf Group Ltd (AFA)	$8.67 Million	-18.97%	0.34x	$29.72 Million
COG Financial Services Ltd (COG)	$17.08 Million	0.00%	0.01x	$226.35 Million
Computershare Ltd (CPU)	$1.29 Billion	20.52%	1.31x	$12.79 Billion
Equity Story Group Ltd (EQS)	$5.49 Million	-9.77%	0.03x	$7.64 Million
Fatfish Group Ltd (FFG)	$3.10 Million	-7.86%	0.04x	$7.69 Million
Finexia Financial Group Ltd (FNX)	$16.20 Million	0.44%	5.97x	$7.94 Million
HUB24 Ltd (HUB)	$8.68 Million	-23.02%	1.19x	$4.64 Billion

About Bell Financial Group Ltd

AU:BFG Australia Capital Markets

Market Cap

$308.65 Million

AU$436.21 Million AUD

Market Cap Rank

#14851 Global

#396 in Australia

Share Price

AU$1.36

Change (1 day)

+0.00%

52-Week Range

AU$1.12 - AU$1.50

All Time High

AU$1.56