BEN:ASXBendigo & Adelaide Bank Ltd. Analysis
Data as of 2026-03-14 - not real-time
A$9.91
Latest Price
6/10Risk
Risk Level: Medium
Executive Summary
Bendigo and Adelaide Bank is trading well below its 20‑day, 50‑day and 200‑day moving averages, with the price sitting just above a technical support around $9.81. The RSI of roughly 28 places the stock in deep oversold territory, while a bearish MACD histogram confirms downward momentum. Fundamentally, the bank appears undervalued – a forward P/E of about 12 versus an industry average of 16, and a price‑to‑book below 1 – yet recent earnings show a 3% drop in NPAT and negative operating cash flow, raising concerns about the sustainability of its 6% dividend yield. Analyst consensus targets imply roughly an 8% upside, but the combination of weak profitability, high debt levels and a decreasing volume trend suggests caution in the near term.
Market Outlook
Short Term
< 1 yearNeutral
Model confidence: 5/10
Key Factors
- Price below key moving averages and near technical support
- Negative recent earnings and cash flow
- High dividend payout ratio threatening sustainability
Medium Term
1–3 yearsPositive
Model confidence: 6/10
Key Factors
- Forward P/E advantage versus peers
- Price‑to‑book below 1 indicating potential upside
- Analyst price targets suggesting ~8% upside
Long Term
> 3 yearsNeutral
Model confidence: 5/10
Key Factors
- Stable regional banking franchise with strong brand presence
- Continued dividend yield attractive for income investors
- Persistent profitability and leverage concerns limiting growth
Key Metrics & Analysis
Financial Health
Profit Margin-4.35%
P/E Ratio11.7
ROE-1.21%
ROA-0.08%
P/B Ratio0.8
Op. Cash FlowA$-2612900096
Industry P/E16.4
Technical Analysis
TrendBearish
RSI28.4
SupportA$9.81
ResistanceA$11.90
MA 20A$10.65
MA 50A$10.88
MA 200A$11.89
MACDBearish
VolumeDecreasing
Fear & Greed Index72.88
Valuation
Target PriceA$10.72
Upside/Downside8.20%
GradeUndervalued
TypeValue
Dividend Yield6.05%
Risk Assessment
Beta0.28
Volatility23.96%
Sector RiskMedium
Reg. RiskMedium
Geo RiskLow
Currency RiskLow
Liquidity RiskMedium
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.