The ASX reporting wrap-up: Bendigo, Beach, Lendlease

Just what the investor ordered. Here’s a recap of the companies that reported on Monday…

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busy trader on the phone in front of board depicting asx share price risers and fallers

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The first day of the new week has come to an end, and here are some of the big-name ASX shares from today. There were a few positive sparks among those reporting to the ASX on Monday. However, the big names were mostly met with selling pressure.

We’ll quickly unpack today’s results and then wrap it back up for tomorrow:

Those that delivered today

Bendigo and Adelaide Bank Ltd (ASX: BEN)

Shares in the banking company dropped a staggering 9.3% to $10.07. This followed the reporting of Bendigo and Adelaide Bank’s FY21 results on the ASX.

The takeaway points:

  • Statutory net profit after tax up 172% to $524.0 million.
  • Cash earnings after tax up 51.5% to $457.2 million.
  • Net interest margin (NIM) down 7 basis points to 2.26%.
  • Total lending up 10.6% to $72.2 billion.
  • Common Equity Tier 1 (CET1) ratio up 32 basis points to 9.57%.
  • Total deposits up 15.2% to $78 million.
  • Fully franked dividend of 50 cents per share.

Beach Energy Ltd (ASX: BPT)

In a similar fashion, the Beach Energy share price took a hit after reporting a 36% fall in profits in its FY21 results. The energy company lost 9.9% of its value during the session, closing the day at $1.09.

The takeaway points:

  • A 36% fall in net profit after tax to $363 million
  • $953 million of underlying earnings before interest, tax, depreciate, and amortisation (EBITDA), within its previously forecasted range
  • Produced 25.6 million barrels of oil equivalent – 4% less than in FY20
  • Ended FY21 with $126.7 million of cash in the bank, 15% more than it did at the end of FY20.
  • Shareholders to receive a 1 cent final dividend

Lendlease Group (ASX: LLC)

Finally, shares in Lendlease tumbled 7.3% to $11.67 today after reporting its earnings on the ASX. Investors were evidently hoping for better numbers in its FY21 results.

The takeaway points:

  • Statutory profit after tax of $222 million, up from $310 million loss in FY20.
  • Core operating profit after tax of $377 million, up 83% on the prior year.
  • Full year dividend distribution of 27 cents per share, including a 12 cent per share final distribution.
  • Funds under management increased by 10% to $39,600 million.
  • $14,500 million work in progress compared to $12,300 million in FY20.
  • Revenue down 16.4% to $9,892 million compared to the prior full year.
  • Operating earnings before interest, tax, depreciation, and amortisation (EBITDA) increased 34% to $757 million.

ASX shares reporting tomorrow

Tomorrow is set to be another busy one on the ASX for reporting. Some of the big-name companies set to release their financials include ARB Corporation Limited (ASX: ARB), BHP Group Ltd (ASX: BHP), Magellan Financial Group Ltd (ASX: MFG), Woodside Petroleum Limited (ASX: WPL), and Dexus Property Group (ASX: DXS).

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Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended ARB Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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