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

$37.77

05 Mar
2026

-0.170

OPEN

$38.49

-0.45%

HIGH

$38.56

5,719,024

LOW

$37.77

TARGET
$36.792 -2.6% 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 198.2 251.0 xxx
DPS (cps) xxx 166.0 168.0 xxx
EPS Growth xxx - 9.1% 26.7% xxx
DPS Growth xxx 0.0% 1.2% xxx
PE Ratio xxx N/A 15.0 xxx
Dividend Yield xxx N/A 4.5% xxx
Div Pay Ratio(%) xxx 83.8% 66.9% xxx

Dividend yield today if purchased 3 years ago: 6.86%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.41

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

-0.1

No. Of Recommendations

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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

13/02/2026

4

Lighten

$33.00

-12.63%

ANZ Bank delivered a December quarter update that has allayed investor concerns regarding how it was coping with the loss of market share to larger rivals, Ord Minnett observes, pushing up the shares 8.5% on the day. 

Lending was soft with mortgage volumes up just 0.4% compared with system growth of 1.7% while business loans shrank -0.2% against a system increase of 3.0%. Cost guidance was maintained, and while this disappointed some the broker remains comfortable with the outlook.

Ord Minnett raises EPS estimates for FY26 by 4.2% and by 1.0% for FY27, leading to an increase in the target to $33 from $30. An elevated valuation means a Lighten rating is retained.

Morgans

xx/xx/xxxx

5

xxxxxxxxx xx xxxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$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

19/02/2026

2

Overweight

$35.00

-7.33%

Jarden argues the major banks are overstating their retail deposit advantage by excluding free deposits from interest-bearing liabilities, which the broker believes distorts the true cost of funding.

Reinstating deposits in the funding denominator implies materially higher actual transaction account costs, with Jarden estimating potential NIM compression of around -20bps for ANZ Bank and up to -76bps for CommBank ((CBA)) if deposits were repriced to prevailing cash rates.

Commentary posits growing competition from digital deposit offerings and stablecoins threatens the sustainability of retail funding arbitrage, particularly as base rates remain well below global peers.

At current valuations, Jarden believes this structural funding risk is not priced in and questions whether the deposit moat has effectively disappeared.

Overweight is retained on ANZ, Buy rated on Macquarie Group ((MQG)) while CommBank and National Australia Bank ((NAB)) are rated Sell and Westpac ((WBC)) is rated Underweight.

Overweight and $35 target retained.

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

FNArena News on ANZ

1
February In Review: What’s Old Was New (Again)

Mar 04 2026 - Australia
2
Australian Broker Call *Extra* Edition – Feb 19, 2026

Feb 19 2026 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Feb 17, 2026

Feb 17 2026 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 13-02-26

Feb 16 2026 - Weekly Reports
5
Next Week At A Glance – 16-20 Feb 2026

Feb 13 2026 - Weekly Reports

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