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

$34.84

14 May
2026

0.270

OPEN

$34.45

0.78%

HIGH

$34.91

4,373,513

LOW

$34.18

TARGET
$35.175 1.0% upside
Franking for last dividend paid out: 75%
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 198.2 247.6 xxx
DPS (cps) xxx 166.0 166.8 xxx
EPS Growth xxx - 9.1% 24.9% xxx
DPS Growth xxx 0.0% 0.5% xxx
PE Ratio xxx N/A 14.2 xxx
Dividend Yield xxx N/A 4.7% xxx
Div Pay Ratio(%) xxx 83.8% 67.4% xxx

Dividend yield today if purchased 3 years ago: 7.05%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.71

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: 13/11 - ex-div 83c (franking 70%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Morgan Stanley

04/05/2026

1

Overweight

$36.20

3.90%

Morgan Stanley remarks 1H26 revenue from ANZ Bank was soft but not completely surprising given the strategic aims of the bank and the stronger AUD acting as a headwind.

The analyst believes good progress is being made on the improvements to productivity, forecasting expenses to decline again in FY27.

ANZ's pro forma ex dividend CET1 ratio of around 11.8% infers a cushion of circa $2.5bn, which is noted for placing the bank in a better position than peers, CommBank ((CBA)) and National Australia Bank ((NAB)).

Provision top up is forecast and a rise in underlying loss rates with estimates FY26/FY27 loss rates equal to circa 27bps/39bps of non-housing loans versus a 5-year pre-COVID average of around 45bps.

Target trimmed to $36.20 from $37. Overweight retained due to the large discount to peers on a valuation basis. Industry view: Cautious.

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 166.00 cents and EPS of 239.90 cents.
Morgan Stanley forecasts a full year FY27 dividend of 174.00 cents and EPS of 251.90 cents.

Ord Minnett

xx/xx/xxxx

3

xxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

4

xxxxxxx xx xxxx xxxx xxxx

$xx.xx

xx.xx%

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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

05/05/2026

2

Overweight

$35.50

1.89%

Jarden maintains an Overweight rating for ANZ Bank and lifts the target price to $35.50 from $35.00 following a strong first-half result.

First-half core profit jumped 51% sequentially, driven by disciplined cost control, a -22% reduction in operating expenses, and resilient net interest margins amid broader macroeconomic uncertainties tied to the Middle East conflict.

The broker notes management is successfully executing the first phase of its 2030 strategy, recently upgrading gross cost-saving targets to $875m while progressing the Suncorp Bank integration.

Reflecting improved asset quality and lower deposit pricing competition, Jarden has upgraded cash earnings forecasts across the FY26-FY28 period, though near-term EPS estimates edge slightly lower to 250.8c from 252.7c for FY26.

The report concludes the bank remains well-capitalised to navigate future economic headwinds, providing ongoing support for dividend growth and long-term franchise expansion.

FORECAST
Jarden forecasts a full year FY26 dividend of 167.00 cents and EPS of 250.80 cents.
Jarden forecasts a full year FY27 dividend of 169.00 cents and EPS of 270.80 cents.
Access Extra Coverage Research History >

ANZ STOCK CHART

FNArena News on ANZ

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