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Bell Financial Group Limited engages in the provision of full service broking, online broking, corporate finance, and financial advisory services to private, institutional, and corporate clients in Australia and internationally. It operates through Technology & Platforms, Products & Services, and Broking segments. The company develops proprietary technology, platforms, products, and services. It also offers retail broking, institutional broking, intermediary broking, online broking, equity capital markets, research, cash management, margin lending, portfolio administration, and third-party clearing services; and foreign exchange execution services, including spot and forward foreign exchange, foreign currency options, tailored forwards, research and foreign currency accounts. The company was founded in 1970 and is based in Melbourne, Australia.
Source: TradingView
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Bell Financial Group is an Australian financial services firm offering retail and institutional broking, market making, derivatives and securities services, plus margin lending. Long-term growth may be supported by rising retail participation, recurring income from margin lending and wealth services, and scale in trading operations, which could make its diversified fee streams attractive to investors.
Major risks are revenue sensitivity to market volumes and volatility, interest-rate and credit exposure from margin lending, regulatory change, and competition from low-cost digital brokers.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 51.85M | 44.00M | 35.35M | 37.01M | 63.12M |
| Net income | 36.01M | 30.74M | 24.32M | 25.69M | 44.12M |
| Selling general administrative | - | 154.82M | 3.36M | 138.29M | 173.50M |
| Selling and marketing expenses | - | 147.95M | 135.86M | - | - |
| Gross profit | 273.71M | 252.47M | 237.60M | 217.26M | 278.00M |
| Reconciled depreciation | - | 10.78M | 10.96M | 10.66M | 11.65M |
| Ebit | 72.59M | 67.91M | 53.55M | 42.44M | 63.12M |
| Ebitda | 83.80M | 78.69M | 64.51M | 53.09M | 74.76M |
| Depreciation and amortization | 11.21M | 10.78M | 10.96M | 10.66M | 11.65M |
| Operating income | 72.59M | 67.91M | 53.55M | 42.44M | 63.12M |
| Other operating expenses | 223.53M | 223.37M | 201.16M | 141.63M | 174.52M |
| Interest expense | 20.74M | 21.85M | 16.02M | 7.54M | 3.12M |
| Tax provision | - | 13.26M | 11.03M | 11.32M | 19.00M |
| Interest income | - | 53.82M | 49.93M | 33.30M | 22.71M |
| Net interest income | - | 31.97M | 33.92M | 27.87M | 19.59M |
| Income tax expense | 15.84M | 13.26M | 11.03M | 11.32M | 19.00M |
| Total revenue | 296.12M | 245.52M | 228.80M | 217.26M | 278.00M |
| Total operating expenses | 201.12M | 201.52M | 185.14M | 139.53M | 174.52M |
| Cost of revenue | 22.41M | 21.85M | -8.80M | 5.43M | 2.13M |
| Total other income expense net | -20.74M | -23.91M | -54.23M | -5.43M | -3.12M |
| Net income from continuing ops | - | 30.74M | 24.32M | 25.69M | 44.12M |
| Net income applicable to common shares | - | 30.74M | 24.32M | 25.69M | 44.12M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 1121.66M | 1053.96M | 1148.80M | 1254.00M | 1307.48M |
| Intangible assets | 148.04M | 15.36M | 15.53M | 15.47M | 14.80M |
| Other current assets | - | -87.54M | -312.85M | 11.62M | 0.70M |
| Total liab | 866.82M | 813.11M | 913.36M | 1018.60M | 589.38M |
| Total stockholder equity | 254.84M | 240.86M | 235.44M | 235.40M | 239.05M |
| Other current liab | - | -644.15M | - | -557.47M | -589.38M |
| Common stock | 204.24M | 204.24M | 204.24M | 204.24M | 175.38M |
| Capital stock | - | 204.24M | - | 204.24M | 175.38M |
| Retained earnings | 79.95M | 66.39M | 61.31M | 61.04M | 64.22M |
| Other liab | - | - | - | 5.84M | 5.64M |
| Good will | - | 130.41M | 130.41M | 130.41M | 130.41M |
| Other assets | - | 1053.96M | 744.53M | 2.56M | 0.70M |
| Cash | 172.43M | 177.34M | 136.25M | 289.21M | 352.74M |
| Total current liabilities | - | - | 32.82M | 557.47M | 589.38M |
| Net debt | 553.56M | 466.81M | 478.76M | 268.26M | 236.63M |
| Short term debt | - | 644.15M | - | 557.47M | 589.38M |
| Short long term debt | - | 644.15M | - | 557.47M | 589.38M |
| Short long term debt total | 726.00M | 644.15M | 615.01M | 557.47M | 589.38M |
| Other stockholder equity | -2.62M | - | -2.62M | -27.25M | -28.15M |
| Property plant equipment | - | - | - | 46.93M | 14.18M |
| Total current assets | 254.56M | 179.31M | 216.78M | 547.30M | 600.03M |
| Long term investments | - | 598.64M | - | 511.33M | 547.35M |
| Net tangible assets | - | - | - | 89.53M | 93.84M |
| Short term investments | - | 1.97M | - | 4.25M | 5.22M |
| Net receivables | 82.13M | 87.54M | 176.60M | 253.85M | 242.07M |
| Accounts payable | - | - | - | 253.10M | 285.26M |
| Accumulated other comprehensive income | -26.73M | -29.77M | -27.48M | -29.88M | -0.56M |
| Treasury stock | - | - | - | - | -1.27M |
| Non currrent assets other | 63.44M | -779.55M | -20.44M | -704.14M | -706.75M |
| Non current assets total | 867.10M | 874.65M | 187.50M | 704.14M | 706.75M |
| Long term debt total | - | - | - | 52.03M | 16.27M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | -2.08M | 2.20M | -3.86M | -6.02M | 0.09M |
| Change to liabilities | - | - | - | -1.80M | 147.92M |
| Total cashflows from investing activities | -2.30M | 2.20M | -3.86M | -6.02M | -0.90M |
| Net borrowings | -19.10M | -138.73M | 124.76M | -52.47M | 41.58M |
| Total cash from financing activities | -20.22M | -39.57M | -17.46M | -64.57M | -15.24M |
| Change to operating activities | - | - | - | -22.48M | -10.23M |
| Net income | 36.01M | 30.74M | 24.32M | 25.69M | 44.12M |
| Change in cash | 56.84M | -39.44M | -72.43M | -63.53M | 68.70M |
| Begin period cash flow | 177.34M | 216.78M | 289.21M | 352.74M | 284.04M |
| End period cash flow | 234.18M | 177.34M | 216.78M | 289.21M | 352.74M |
| Total cash from operating activities | 79.36M | -2.06M | -51.11M | 36.34M | 11.65M |
| Depreciation | - | - | 10.96M | 10.66M | 11.65M |
| Other cashflows from investing activities | -2.08M | 2.64M | -3.03M | -5.58M | 0.09M |
| Dividends paid | 22.45M | -25.66M | -24.05M | -28.87M | -35.28M |
| Change to account receivables | - | 89.06M | 74.14M | -8.12M | -107.51M |
| Sale purchase of stock | 0.00M | 0.00M | 0.00M | -1.35M | -1.70M |
| Other cashflows from financing activities | - | 124.82M | -118.16M | -29.88M | 43.62M |
| Change to netincome | - | - | - | 3.82M | 1.18M |
| Capital expenditures | 0.23M | 0.44M | 0.83M | 0.44M | 0.99M |
| Change in working capital | -143.00M | -46.30M | -88.25M | -191.27M | -172.54M |
| Other non cash items | - | 44.24M | 1.86M | -36.34M | -55.77M |
| Free cash flow | 79.14M | -2.50M | -51.94M | 35.91M | -0.99M |
Sector: Financial Services Industry: Capital Markets
|
Stock Name
|
Change
(AUD) |
Price
(AUD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
|---|---|---|---|---|---|---|---|
| BFG Bell Financial Group Ltd |
-0.01 1.09% |
1.36 | 9.17 | 15.24 | 1.37 | 1.71 | 3.60 |
| MQG Macquarie Group Ltd |
-9.54 3.69% |
248.86 | - | 18.80 | 13.25 | 2.66 | 47.37 |
| MQGPE Macquarie Group Ltd |
-0.10 0.10% |
102.00 | 8.30 | - | - | - | - |
| MQGPD Macquarie Group Ltd |
-0.12 0.12% |
102.05 | 13.20 | - | 1.84 | - | - |
| CPU Computershare Ltd |
0.56 1.32% |
42.99 | 26.85 | 19.42 | 5.22 | 7.43 | 5.26 |
Bell Financial Group Limited engages in the provision of full service broking, online broking, corporate finance, and financial advisory services to private, institutional, and corporate clients in Australia and internationally. It operates through Technology & Platforms, Products & Services, and Broking segments. The company develops proprietary technology, platforms, products, and services. It also offers retail broking, institutional broking, intermediary broking, online broking, equity capital markets, research, cash management, margin lending, portfolio administration, and third-party clearing services; and foreign exchange execution services, including spot and forward foreign exchange, foreign currency options, tailored forwards, research and foreign currency accounts. The company was founded in 1970 and is based in Melbourne, Australia.
| Name | Title | Year Born |
|---|---|---|
| Mr. Alastair Provan | Exec. Chairman & MD | NA |
| Mr. Dean Andrew Davenport B. Bus., CA | Group COO & CFO | NA |
| Mr. Lewis M. Bell LLB, MBA | Head of Compliance of Bell Potter Securities Ltd | NA |
| Mr. Andrew George Bell | Exec. Director of Bell Potter Securities | NA |
| Mr. Rowan Fell | Chief Exec. Officer of Bell Potter Capital Ltd | NA |
| Mr. Joe Tillig | Chief Technology Officer | NA |
| Ms. Cindy-Jane Lee L.L.B., BEc, LLB, GAICD | Gen. Counsel & Company Sec. | NA |
| Mr. Brendan Goff | Group Head of Compliance | NA |
| Mr. Peter Quinton | Head of Research Services of Bell Potter Securities Ltd | NA |
| Mr. Dean Surkitt | Managing Director of Retail of Bell Potter Securities Ltd | NA |
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