ANZ GROUP HOLDINGS LIMITED (ANZ)
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ANZ

ANZ - ANZ GROUP HOLDINGS LIMITED

FNArena Sector : Banks
Year End: September
GICS Industry Group : Banks
Debt/EBITDA: N/A
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

ANZ Bank is a multinational banking and financial services company. It is the second largest bank by assets and fourth largest bank by market capitalisation in Australia. It has been a listed company since Sept 1969.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$36.94

13 Nov
2025

-1.910

OPEN

$37.75

-4.92%

HIGH

$38.07

9,240,999

LOW

$36.66

TARGET
$33.515 -9.3% downside
Franking for last dividend paid out: 70%
OTHER COMPANIES IN THE SAME SECTOR
AFG . BEN . BOQ . CBA . HLI . MYS . NAB . RMC . SUN . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
ANZ: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 198.2 245.2 xxx
DPS (cps) xxx 166.0 167.4 xxx
EPS Growth xxx - 9.1% 23.7% xxx
DPS Growth xxx 0.0% 0.8% xxx
PE Ratio xxx N/A 14.7 xxx
Dividend Yield xxx N/A 4.7% xxx
Div Pay Ratio(%) xxx 83.8% 68.3% xxx

Dividend yield today if purchased 3 years ago: 6.84%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.61

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 13/05 - ex-div 83c (franking 65%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx198.2
DPS All xxxxxxxxxxxxxxx166.0
Sales/Revenue xxxxxxxxxxxxxxx69,538.0 M
Book Value Per Share xxxxxxxxxxxxxxx2,387.4
Net Operating Cash Flow xxxxxxxxxxxxxxx25,224.0 M
Net Profit Margin xxxxxxxxxxxxxxx8.47 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx8.36 %
Return on Invested Capital xxxxxxxxxxxxxxx1.96 %
Return on Assets xxxxxxxxxxxxxxx0.47 %
Return on Equity xxxxxxxxxxxxxxx8.36 %
Return on Total Capital xxxxxxxxxxxxxxx2.49 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx20,651.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx92,813 M
Long Term Debt xxxxxxxxxxxxxxx238,813 M
Total Debt xxxxxxxxxxxxxxx331,626 M
Goodwill - Gross xxxxxxxxxxxxxxx4,165 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx109,155 M
Price To Book Value xxxxxxxxxxxxxxx1.39

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx453.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.65 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx5,482 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx317,849 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

4

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

11/11/2025

5

Sell

$30.00

-18.79%

ANZ Bank announced a mixed FY25 result, according to UBS, which represented a reset result with new management, as well as addressing investor issues around capital, provisioning, and the performance of retail banking.

The CET1 came in stronger, viewed as a good starting point to concentrate on cost management.

UBS tweaks its EPS estimates up by 0.4% for FY26 and up for FY27 by 1.3%. This accounts for a rise in the net interest margin forecast by 2bp over FY26-FY28, lower bad and doubtful debt assumptions (seen -11.6% and -7.8% in FY26/27), and a rise in expected credit charge of 5.3%.

No change to Sell rating with target of $30.

FORECAST
UBS forecasts a full year FY26 dividend of 170.00 cents and EPS of 242.00 cents.
UBS forecasts a full year FY27 dividend of 170.00 cents and EPS of 245.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

13/11/2025

2

Overweight

$35.00

-5.25%

Management at  ANZ Bank delivered a clear and disciplined FY25 update, in Jarden's view.

Five priorities were outlined, including leadership renewal, faster Suncorp Bank integration, ANZ Plus expansion, cost reduction, and enhanced risk management.

The broker highlights management's transparency on underperformance metrics such as MFI and NPS, seeing material improvement potential through productivity and platform investment.

MFI stands for Main Financial Institution, a key customer metric used by banks to measure primary banking relationships.

FY25 revenue was steady, with net interest income up 2.5% and margins flat at 1.56%, while opex rose due to restructuring and Suncorp migration costs, explains the broker.

Jarden lifts FY27 earnings by 2% and its target to $35 from $34. Overweight rating unchanged.

FORECAST
Jarden forecasts a full year FY26 dividend of 166.00 cents and EPS of 252.70 cents.
Jarden forecasts a full year FY27 dividend of 166.00 cents and EPS of 271.60 cents.
Access Extra Coverage Research History >

ANZ STOCK CHART

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