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Papua New Guinea's largest bank, also operating across the Pacific islands and Cambodia, offering retail, business and institutional banking.
Papua New Guinea's largest bank, also operating across the Pacific islands and Cambodia, offering retail, business and institutional banking.
Earns from the spread on loans and deposits, from fees on payments, and from foreign-exchange dealings, which matter because Papua New Guinea restricts access to hard currency. It also runs banks in other Pacific islands and Cambodia.
In one line: PNG's dominant national bank.
Moat: wide (scale, regulatory licence, distribution). Dominant branch/ATM network and government relationships in PNG are very difficult to replicate.
Headquarters: Port Moresby, Papua New Guinea · Founded: 1957 · Employees: 1,080
Size BSP Financial (BFL.AX) is an Australia Financials company (Major Banks) with a market value of $2.53B, the 109th largest of 316 Australia companies the cockpit tracks. Shares closed at A$7.80 on 6 Nov 2026.
Performance Over six months the shares fell 5.3%, against +1.6% for the median peer and +4.1% for the Australia market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 6.8% over the last twelve months (peer median +4.7%); the operating margin is 52.1% (peer median 29.4%).
Valuation It trades at 2.12× book value against a peer median of 0.89× (most expensive of 21).
Price implies The share price implies a return on equity of about 10.5%; BSP Financial delivers 24.5%, so the price asks less than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | A$1.37B | A$1.47B | A$1.35B | A$1.32B | A$1.17B |
| Revenue growth | — | +9% | +3% | +12% | — |
| Net income | A$422M | A$440M | A$408M | A$373M | A$445M |
| Free cash flow | A$363M | A$403M | A$652M | A$398M | A$385M |
| Capital expenditure | A$84.1M | A$65.4M | A$59.5M | A$66.0M | A$70.9M |
| Total debt | n/a | A$167M | A$213M | A$253M | A$337M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BFL.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.0% | +0.2% | 9th lowest of 21 |
| 6-month return | -5.3% | +1.6% | 9th lowest of 21 |
| Return on equity | 24.5% | 8.2% | highest of 21 |
| Price / book | 2.12× | 0.89× | most expensive of 21 |
| Trailing P/E | 8.6× | 11.1× | 5th cheapest of 21 |
| ROE the price implies | 10.5% | 8.1% | 7th most demanding of 20 |
| ROE delivered | 24.5% | 8.2% | highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| BSP Financial BFL.AX | Australia | $2.53B | -5% | +7% | 25% | 2.12× | 10.5% | 24.5% |
| Bank of Xi'an 600928.SS | China | $2.51B | +2% | +1% | 8% | 0.45× | 2.6% | 7.8% |
| First Merchants FRME | United States | $2.56B | +1% | +8% | 8% | 0.97× | 9.2% | 7.8% |
| Banco BBVA Argentina SA Sponsored ADR BBAR | United States | $2.45B | -29% | +6% | 8% | 0.77× | 8.1% | 8.0% |
| FB Financial FBK | United States | $2.66B | 0% | +27% | 12% | 1.39× | 12.3% | 11.9% |
| Aichi Financial 7389.T | Japan | $2.40B | +3% | +31% | 8% | 0.81× | 6.5% | 7.8% |
| Tokyo Kiraboshi Financial 7173.T | Japan | $2.36B | -12% | +15% | 11% | 0.93× | 5.9% | 10.8% |
| NBT Bancorp NBTB | United States | $2.74B | +16% | +10% | 11% | 1.45× | 9.3% | 11.5% |
| OSB OSB.L | United Kingdom | $2.27B | +4% | -6% | 12% | 0.78× | 12.1% | 12.4% |
| Bandhan Bank BANDHANBNK.NS | India | $2.83B | -21% | +1% | 7% | 1.00× | 14.9% | 7.3% |
| Guangzhou Rural Commercial Bank 1551.HK | Hong Kong | $2.83B | -10% | -9% | 2% | 0.22× | 3.5% | 2.3% |
| Bladex BLX | United States | $2.19B | -7% | +4% | 14% | 1.05× | 9.3% | 14.5% |
| WaFd WAFD | United States | $2.18B | -17% | 0% | 8% | 0.81× | 8.1% | 8.5% |
| Central Bank of India CENTRALBK.NS | India | $2.93B | -18% | +8% | 12% | 0.67× | 10.9% | 12.0% |
| Awa Bank 8388.T | Japan | $2.15B | +94% | +23% | 5% | 0.80× | 5.3% | 4.7% |
| OFG Bancorp OFG | United States | $2.15B | +10% | +2% | 17% | 1.60× | 12.0% | 16.6% |
| Hyakugo Bank 8368.T | Japan | $2.98B | +4% | +29% | 6% | 0.85× | 8.0% | 6.4% |
| Seven Bank 8410.T | Japan | $2.09B | +28% | +3% | 6% | 1.41× | 5.7% | 6.3% |
| Shiga Bank 8366.T | Japan | $3.12B | +11% | +23% | 4% | 0.76× | 3.9% | 4.4% |
| BankUnited BKU | United States | $3.14B | -7% | -5% | 9% | 1.09× | 11.9% | 9.2% |
| Banque Cantonale de Geneve BCGE.SW | Switzerland | $3.17B | +12% | -3% | 10% | 1.01× | n/a | 9.9% |