Bfg.Ax
BFG.AX operates in the investment banking and brokerage services sector, generating revenue primarily through financial advisory, asset management, and brokerage services.
Business. BFG.AX operates in the investment banking and brokerage services sector, generating revenue primarily through financial advisory, asset management, and brokerage services.
At a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
BFG.AX operates in the investment banking and brokerage services sector, generating revenue primarily through financial advisory, asset management, and brokerage services.
The company's capital structure is characterized by a debt-to-equity ratio of 2.62, indicating a relatively high reliance on debt financing. Liquidity is assessed as medium, with free cash flow of 24.54 million AUD and operating cash flow of 79.37 million AUD, but net cash is negative after subtracting total debt. This suggests the company may face challenges in meeting short-term obligations without additional financing.
Profitability metrics show a return on equity (ROE) of 14.13% and a return on assets (ROA) of 3.21%, which are key indicators of financial performance in the investment banking sector. These figures suggest the company is generating reasonable returns relative to its equity base but may be underperforming in asset utilization compared to industry benchmarks.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to market-specific risks and limits the ability to offset losses in one area with gains in another.
Growth trajectory appears modest, with revenue of 299.18 million AUD in the latest period. Analysts have estimated a mean revenue of 295.80 million AUD, slightly below the actual figure, suggesting a potential slowdown in growth. The company's capital expenditure is minimal at -225,000 AUD, indicating a focus on cost control rather than expansion.
Risk factors include medium liquidity risk and low dilution potential. The company's net cash position is negative after accounting for total debt, which could impact its ability to fund operations without external financing. No significant dilution sources are identified, and the probability of near-term dilution is low.
Recent events include the publication of the latest financial results, which show a net income of 36.01 million AUD and an operating income of 53.87 million AUD. Analysts have provided a consistent price target of 2.40 AUD, with a mean EPS estimate of 0.12 AUD, slightly above the last actual EPS of 0.11 AUD.
- The company has a high debt-to-equity ratio of 2.62, indicating a significant reliance on debt financing.
- Return on equity is 14.13%, suggesting strong profitability relative to equity but with room for improvement in asset utilization.
- Revenue is concentrated in a single business segment, increasing exposure to market-specific risks.
- Analysts have provided a consistent price target of 2.40 AUD, with a mean EPS estimate of 0.12 AUD.
- Liquidity is assessed as medium, with free cash flow of 24.54 million AUD and operating cash flow of 79.37 million AUD.
- The company's capital expenditure is minimal, indicating a focus on cost control rather than expansion.
Bull / Bear case
analysis pipelineIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,12 |
| Revenue | —no estimate | —no estimate | 295,8M AUD |
| Operating income | —no estimate | —no estimate | —no estimate |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
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- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- BFG.AX Market data — financials · 2026-05-27
- Bell Financial Group Ltd Market data — analyst estimates · 2026-05-27