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Bell Financial Group Limited (BFG.AX)
Melbourne, VIC, AU
Bell Financial Group Limited (BFG.AX) is a financial services firm providing online brokerage, investment management, and advisory services to a diverse clientele including private individuals, institutions, and corporations. Its operations are organized into four core divisions: Technology & Platforms, Products & Services, Retail, and Institutional. The company's extensive portfolio of offerings spans trading in equities, futures, options, foreign exchange, and cash currency markets, alongside corporate fee-based income, portfolio administration, margin loans, deposit accounts, superannuation lending, and cash management solutions. A significant part of its business involves the development of proprietary technology, trading platforms, and specialized products tailored for the Australian stockbroking industry. Established in 1970 and headquartered in Melbourne, Australia, the Group maintains a substantial domestic presence with 13 offices across Australia, complemented by international branches in New York, London, Hong Kong, and Kuala Lumpur.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.00% | +0.73% | +2.99% | -7.38% | +15.00% | +4.55% | +15.00% | +49.19% | -21.14% | +145.32% | -28.87% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 0 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Financial - Capital Markets: +19.7%+20.6% ★ Q4'25: +33.9% (vs Q4'23)
-
EPS growth Financial - Capital Markets: +35.3%+14.4% Q4'25: +101.2% (vs Q4'23)
-
FCF margin FCF growth · Financial - Capital Markets: +29.5%+15.9% Q4'25: +27.6% (vs Q4'23)
-
EBIT margin Financial - Capital Markets: +33.5%+24.5% Q4'25: +27.5% (vs Q4'23)
-
ROIC Financial - Capital Markets: +4.0%+6.7% ★ Q4'25: +16.5% (vs Q4'23)
-
Share dilution Financial - Capital Markets: +0.0%+0.2% Q4'25: +0.0% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Financial - Capital Markets: -0.30×7.96× Q4'25: 3.39× (vs Q4'23)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 1 Rev. Ana. 1 EPS Ana. |
Dec 2027 1 Rev. Ana. 1 EPS Ana. |
Dec 2028 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|
| Revenue |
228.80M
est: 195.40M (+17.1%)
|
245.52M
est: 224.10M (+9.6%)
|
296.12M
est: 268.80M (+10.2%)
|
300.30M
300.30M – 300.30M
+11.7% YoY
|
299.60M
299.60M – 299.60M
-0.2% YoY
|
311.70M
311.70M – 311.70M
+4.0% YoY
|
| EBITDA |
64.51M
est: 53.94M (+19.6%)
|
78.69M
est: 61.86M (+27.2%)
|
83.80M
est: 74.20M (+12.9%)
|
82.89M
82.89M – 82.89M
+11.7% YoY
|
82.70M
82.70M – 82.70M
-0.2% YoY
|
86.04M
86.04M – 86.04M
+4.0% YoY
|
| EBIT |
53.55M
est: 45.60M (+17.4%)
|
67.91M
est: 52.29M (+29.9%)
|
72.59M
est: 62.72M (+15.7%)
|
70.07M
70.07M – 70.07M
+11.7% YoY
|
69.90M
69.90M – 69.90M
-0.2% YoY
|
72.73M
72.73M – 72.73M
+4.0% YoY
|
| Net Income |
24.32M
est: 31.56M (-22.9%)
|
30.74M
est: 35.45M (-13.3%)
|
36.01M
est: 38.96M (-7.6%)
|
45.35M
45.35M – 45.35M
+16.4% YoY
|
45.67M
45.67M – 45.67M
+0.7% YoY
|
50.46M
50.46M – 50.46M
+10.5% YoY
|
| SGA |
139.22M
est: 116.81M (+19.2%)
|
154.82M
est: 107.82M (+43.6%)
|
—
est: 129.33M (-100.0%)
|
144.48M
144.48M – 144.48M
+11.7% YoY
|
144.14M
144.14M – 144.14M
-0.2% YoY
|
149.97M
149.97M – 149.97M
+4.0% YoY
|
| EPS |
0.08
est: 0.10 (-22.9%)
|
0.10
est: 0.11 (-13.3%)
|
0.11
est: 0.12 (-9.8%)
|
0.14
0.14 – 0.14
+16.4% YoY
|
0.14
0.14 – 0.14
+0.7% YoY
|
0.16
0.16 – 0.16
+10.5% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-28 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-27 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-26 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-25 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-22 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-21 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-20 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-19 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-18 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-15 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-14 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-13 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-12 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-11 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-08 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-07 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-06 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-05 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-04 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-01 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-30 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-29 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-28 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-27 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-24 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-23 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-22 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-21 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-20 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-17 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-16 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 1/5 | 3/5 | 2/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Dimensional World ex U.S. Core Equity 2 ETF DFAX | 0.00% | 72.7K | 0.28% |
| 2 | Dimensional - International Small Cap Value ETF DISV | 0.00% | 16.9K | 0.42% |
| 3 | Dimensional - International Core Equity 2 ETF DFIC | 0.00% | 42.2K | 0.22% |
| 4 | Dimensional - International Vector Equity ETF DXIV | 0.00% | 403.86 | 0.53% |
| 5 | Dimensional - International Small Cap ETF DFIS | 0.00% | 858.33 | 0.39% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Dean Andrew Davenport Bus. | Co-Chief Executive Officer | 1M | male |
| Arnie Selvarajah | Co-Chief Executive Officer | 1M | male |
| Cindy-Jane Lee GAICD | Group General Counsel & Company Secretary | — | female |
| Craig Saunders | Group Head of Sales | — | male |
| Dean Surkitt | Managing Director of Retail of Bell Potter Securities Ltd | — | male |
| James Unger | Head of Corporate Finance of Bell Potter Securities Ltd | — | male |
| Joe Tillig | Chief Technology Officer | — | male |
| Nick Hamilton | Chief Financial & Operating Officer | — | male |
| William Morris Riggall | Chief Investment Officer | — | male |
| Brendan Goff | Group Head of Compliance | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for BFG.AX
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
