BSP Financial Group Ltd

AU:BFL Australia Banks - Regional
Market Cap
$2.33 Billion
AU$3.76 Billion AUD
Market Cap Rank
#5783 Global
#51 in Australia
Share Price
AU$8.06
Change (1 day)
-0.49%
52-Week Range
AU$6.80 - AU$8.99
All Time High
AU$8.99
Categories
Companies in Australia Banks - Regional Banking & Financial
About

BSP Financial Group Limited provides commercial banking and financial services in Papua New Guinea, Fiji, Solomon Islands, Cook Islands, Tonga, Samoa, Vanuatu, Cambodia, and Laos. It offers personal banking services, such as transaction and saving accounts, foreign currency accounts, term deposits, personal loans and asset loans, student loan, overdrafts, debit and credit cards, mortgage services… Read more

BSP Financial Group Ltd (BFL) - Net Assets

Latest net assets as of June 2025: AU$4.78 Billion AUD

Based on the latest financial reports, BSP Financial Group Ltd (BFL) has net assets worth AU$4.78 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$38.92 Billion) and total liabilities (AU$34.13 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$4.78 Billion
% of Total Assets 12.29%
Annual Growth Rate 10.1%
5-Year Change 35.52%
10-Year Change 129.31%
Growth Volatility 288.84

BSP Financial Group Ltd - Net Assets Trend (2012–2024)

This chart illustrates how BSP Financial Group 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 BSP Financial Group Ltd (2012–2024)

The table below shows the annual net assets of BSP Financial Group Ltd from 2012 to 2024.

Year Net Assets Change
2024-12-31 AU$4.65 Billion +9.66%
2023-12-31 AU$4.24 Billion -87.28%
2022-12-31 AU$33.36 Billion +11.43%
2021-12-31 AU$29.94 Billion +771.84%
2020-12-31 AU$3.43 Billion -85.93%
2019-12-31 AU$24.41 Billion +749.90%
2018-12-31 AU$2.87 Billion +9.28%
2017-12-31 AU$2.63 Billion +13.57%
2016-12-31 AU$2.31 Billion +14.05%
2015-12-31 AU$2.03 Billion +12.72%
2014-12-31 AU$1.80 Billion +11.19%
2013-12-31 AU$1.62 Billion +10.45%
2012-12-31 AU$1.47 Billion --

Equity Component Analysis

This analysis shows how different components contribute to BSP 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 335.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings AU$3.80 Billion 82.38%
Common Stock AU$372.11 Million 8.06%
Other Comprehensive Income AU$441.76 Million 9.57%
Total Equity AU$4.62 Billion 100.00%

BSP Financial Group Ltd Competitors by Market Cap

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

Company Market Cap
K+S Aktiengesellschaft
F:SDF1
 		$1.53 Billion
Piramal Enterprises Limited
NSE:PEL
 		$1.53 Billion
Zhefu Holding Group Co Ltd
SHE:002266
 		$1.53 Billion
Athabasca Oil Corp
PINK:ATHOF
 		$1.53 Billion
FinVolution Group
NYSE:FINV
 		$1.53 Billion
Zhuzhou Kibing Group Co Ltd
SHG:601636
 		$1.53 Billion
Sunstone Development Co Ltd
SHG:603612
 		$1.52 Billion
ZYMEWORKS DL-00001
F:ZA8
 		$1.52 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 4,242,629,000 to 4,618,332,000, a change of 375,703,000 (8.9%).
  • Net income of 1,037,711,000 contributed positively to equity growth.
  • Dividend payments of 712,684,000 reduced retained earnings.
  • Other comprehensive income decreased equity by 13,074,000.
  • Other factors increased equity by 63,750,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income AU$1.04 Billion +22.47%
Dividends Paid AU$712.68 Million -15.43%
Other Comprehensive Income AU$-13.07 Million -0.28%
Other Changes AU$63.75 Million +1.38%
Total Change AU$- 8.86%

Book Value vs Market Value Analysis

This analysis compares BSP 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: 0.82x
  • 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 2.58x to 0.82x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2012-12-31 AU$3.12 AU$8.06 x
2013-12-31 AU$3.45 AU$8.06 x
2014-12-31 AU$3.84 AU$8.06 x
2015-12-31 AU$4.34 AU$8.06 x
2016-12-31 AU$4.94 AU$8.06 x
2017-12-31 AU$5.61 AU$8.06 x
2018-12-31 AU$6.14 AU$8.06 x
2019-12-31 AU$6.66 AU$8.06 x
2020-12-31 AU$7.35 AU$8.06 x
2021-12-31 AU$8.12 AU$8.06 x
2022-12-31 AU$8.59 AU$8.06 x
2023-12-31 AU$9.08 AU$8.06 x
2024-12-31 AU$9.88 AU$8.06 x

Capital Efficiency Dashboard

This dashboard shows how efficiently BSP 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): 22.47%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 35.04%
  • • Asset Turnover: 0.08x
  • • Equity Multiplier: 8.04x
  • Recent ROE (22.47%) is below the historical average (26.63%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2012 27.82% 35.84% 0.09x 9.10x AU$261.15 Million
2013 26.98% 30.26% 0.09x 9.73x AU$274.92 Million
2014 28.18% 35.68% 0.09x 8.79x AU$327.32 Million
2015 26.21% 36.50% 0.08x 8.97x AU$328.96 Million
2016 27.86% 38.00% 0.08x 9.02x AU$412.47 Million
2017 28.85% 39.41% 0.09x 8.53x AU$494.62 Million
2018 29.42% 40.89% 0.09x 8.05x AU$557.22 Million
2019 28.60% 42.97% 0.08x 7.88x AU$579.04 Million
2020 23.48% 41.34% 0.07x 8.02x AU$462.92 Million
2021 28.34% 43.92% 0.08x 8.02x AU$695.80 Million
2022 26.94% 40.62% 0.08x 8.45x AU$679.84 Million
2023 20.98% 30.55% 0.08x 8.71x AU$465.95 Million
2024 22.47% 35.04% 0.08x 8.04x AU$575.88 Million

Industry Comparison

This section compares BSP Financial Group Ltd's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

  • Industry: Banks - Regional
  • Average net assets among peers: $219,741,904
  • Average return on equity (ROE) among peers: 1.47%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
BSP Financial Group Ltd (BFL) AU$4.78 Billion 27.82% 7.14x $1.53 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
Bendigo and Adelaide Bank Ltd (BEN) $288.36 Million 7.39% 16.04x $3.48 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