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 Group is a multinational banking and financial services company providing retail, commercial and institutional banking across Australia, New Zealand and selected international markets.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$38.11

06 Aug
2026

0.100

OPEN

$37.80

0.26%

HIGH

$38.34

3,305,227

LOW

$37.64

TARGET
$35.017 -8.1% downside
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 198.2 245.1 xxx
DPS (cps) xxx 166.0 166.8 xxx
EPS Growth xxx - 9.1% 23.7% xxx
DPS Growth xxx 0.0% 0.5% xxx
PE Ratio xxx N/A 15.4 xxx
Dividend Yield xxx N/A 4.4% xxx
Div Pay Ratio(%) xxx 83.8% 68.1% xxx

Dividend yield today if purchased 3 years ago: 6.58%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.40

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: 11/05 - ex-div 83.00c (franking 75%)

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 xxxxxxxxxxxxxxx132,549 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

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

21/07/2026

1

Buy

$39.25

2.99%

Citi believes Australian banks are well positioned to benefit from AI, given their large data assets, concentrated market structure and relatively narrow product offerings.

Commentary notes the performance of global peers suggests AI could lift pre-tax profit by around 3%-5% over one to three years. Agentic AI has the potential to drive more meaningful benefits than broader productivity tools, the analysts note.

In the broker's view, CommBank appears furthest advanced across infrastructure, data and culture, followed by National Australia Bank. It is felt ANZ Bank and Westpac face near-term constraints from legacy integration and restructuring.

Stronger governance could ultimately become a competitive advantage, although Citi believes potential AI benefits remain difficult to quantify and insufficient to justify historically high sector valuations.

Buy rating and $39.25 target for ANZ Bank.

FORECAST
Citi forecasts a full year FY26 dividend of 166.00 cents and EPS of 247.50 cents.
Citi forecasts a full year FY27 dividend of 175.00 cents and EPS of 254.10 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

-6.85%

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

1
Next Week At A Glance – 10-14 Aug 2026

Aug 07 2026 - Weekly Reports
2
Rudi’s View: That’s The Way Markets Crumble

Aug 06 2026 - Rudi's View
3
July In Review: Australia Beats AI & The USA

Aug 05 2026 - Australia
4
Weekly Ratings, Targets, Forecast Changes – 31-07-26

Aug 03 2026 - Weekly Reports
5
Rudi’s View: TechOne, Banks & Wesfarmers

Jul 30 2026 - Rudi's View

Latest Banks News

1
Rudi’s View: TechOne, Banks & Wesfarmers

Jul 30 2026 - Rudi's View
2
ANZ Bank Shares Eyeing $40 Yet Again

Jul 28 2026 - Technicals
3
In Brief: AFG, Lifestyle Communities, Mastermyne

Jun 26 2026 - Weekly Reports
4
Australian Banks, Bad Debts And The Budget

May 20 2026 - Feature Stories
5
Australian Banks: Impact Of Oil Shocks And AI

Mar 25 2026 - Australia
6
February 2026 Results – The Wrap

Mar 13 2026 - Feature Stories
7
Banks Outperformed In February. What’s Next?

Mar 09 2026 - Feature Stories
8
Australian Banks: Coming Home To Roost

Nov 27 2025 - Feature Stories
9
Less Than Perfect CBA Threatens Its Premium

Nov 13 2025 - Australia
10
Australian Banks: Results Season Preview

Oct 30 2025 - Feature Stories