Bendigo and Adelaide Bank Limited (BEN.AX)

DDM Valuation · Financial Services · Banks - Regional

Valuation as at 2026-08-14 · see also the ASX 300 Most Undervalued screen

About Bendigo and Adelaide Bank Limited

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.

Source: Yahoo Finance company profile · factual description, not KashVector commentary

Bendigo and Adelaide Bank Limited BEN.AX

Financial Services · Banks - Regional

Price
$11.17
Market Cap
$6.30B
Dividend Yield
5.4%
Beta
0.78
P/E (TTM)
N/A
52-Week Range
$9.81–$13.73

Bendigo and Adelaide Bank Limited's price & financial trends

Annual reporting periods — this market does not have reliable quarterly data on Yahoo (either it isn't required, or coverage is incomplete), so annual is the most granular consistent series across free cash flow and dividends.

Data as at 2026-08-14

Share price · last 2 years

$11.17 -7% vs 2024-08
ASX 200 $12.05$13.60$12.64$10.12$10.69$11.17 2024-082025-012025-062025-112026-042026-08

Earnings per share (diluted) Per year

-$0.17 -122% vs FY22
$0.78$0.79$0.87-$0.17FY22FY23FY24FY25

Return on equity Per year

-1.5% -120% vs FY22
7.3%7.3%7.7%-1.5%FY22FY23FY24FY25

Dividend per share Per year

$0.63 +91% vs FY22
$0.33$0.44$0.53$0.63FY22FY23FY24FY25

Value investing scale · Buffett · Dalio · Graham

Poor Fit
6 / 17 combined score

5 criteria had no data

See the full Buffett, Dalio & Graham breakdown for BEN.AX →

🏦 Bank/Insurer — valued with the Dividend Discount Model

DCF is not used for bank/insurer stocks: deposits or reserves are a raw material rather than funding, so there's no clean free cash flow. This valuation uses the Dividend Discount Model (DDM) instead.

P/B
0.95x
ROE
-1.2%
Div Yield
5.4%

Intrinsic value estimate · 5-year forecast

BEAR
$7.76
vs current $11.17
-30.5% ❌ Overvalued
BASE
$9.95
vs current $11.17
-10.9% ⚠️ Fairly Valued
BULL
$13.01
vs current $11.17
+16.5% ⚠️ Fairly Valued

Assumptions used in this valuation

Every input below is either fetched live from Yahoo Finance or a documented default — nothing is hidden.

Risk-free rate
4.80% ● LIVE
Live 10-yr govt bond
Beta
0.78
Floored for non-US stocks
Equity risk premium
6.00%
Market-specific seed
Debt component
None
DDM discounts dividends at cost of equity only
Starting dividend (D0)
$0.60
Annual, per share
Projection horizon
5 years
+ terminal value beyond
BearBaseBull
Dividend growth2.6%5.3%7.9%
Terminal growth2.5%2.5%2.5%
Cost of equity10.46%9.46%8.46%

Cost of Equity (CAPM) = Risk-free rate + Beta × Equity Risk Premium = 4.80% + 0.78 × 6.00% = 9.46%

These numbers come from running Bendigo and Adelaide Bank Limited's dividends through the mechanical DDM formula and assumptions above — not from any view on the news, management, or BEN.AX's competitive position. What is DDM?

Want to test your own dividend growth or cost-of-equity assumptions?Open the full interactive calculator, pre-filled with BEN.AX →

More ASX stocks we've valued

Not financial advice. DDM valuations are highly sensitive to assumptions — small changes in growth rate or discount rate produce large swings in output. This is a mechanical calculation, not a recommendation to buy, hold, or sell.

About this valuation

Computed on 2026-08-14 from Yahoo Finance data, using the same engine as the full DCF tool and the ASX 300 Most Undervalued screen. Every figure above is a point-in-time snapshot of that date — change any assumption yourself in the interactive tool for a live one.

Frequently asked questions

Is Bendigo and Adelaide Bank Limited (BEN.AX) undervalued?

The Base-case DDM estimates intrinsic value at $9.95 vs a price of $11.17 on 2026-08-14 — a -10.9% margin, so the Base case reads fairly valued. This is a mechanical output, not advice.