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Bell Financial Group Ltd

Company price
1.36 AUD -0.01 ( 1.09%)
Last update at 2026-11-06T05:10:00Z
VOLUME
82259
Market Cap
441.02M
P/E
9.17

Momentum Score

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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
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
1.33
Low
1.37
High
52 Week Price Range
1.07
Low
1.56
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

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.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
1.38
Dividend Yield
8.42%
Revenue TTM
322.74M
Revenue Per Share
1.02
Gross Profit TTM
295.06M
Debt / Equity
2.85
ROE
19.63%
Net Debt
553.56M
ROCE
6.50%
Diluted EPS TTM
0.15

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

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

Peer Comparison*

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

Profile*

Bell Financial Group Ltd

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.

101 Collins Street, Melbourne, VIC, Australia, 3000

61 3 9256 8700

700

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

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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