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

$39.60

12 Nov
2026

0.450

OPEN

$38.91

1.15%

HIGH

$39.60

9,148,737

LOW

$38.62

TARGET
$36.335 -8.2% downside
Franking for last dividend paid out: 80%
OTHER COMPANIES IN THE SAME SECTOR
AFG . BEN . BOQ . CBA . HLI . MYS . NAB . RMC . SUN . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
ANZ: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 242.0 254.4 xxx
DPS (cps) xxx 166.0 167.7 xxx
EPS Growth xxx 22.1% 5.1% xxx
DPS Growth xxx 0.0% 1.0% xxx
PE Ratio xxx N/A 15.6 xxx
Dividend Yield xxx N/A 4.2% xxx
Div Pay Ratio(%) xxx 68.6% 65.9% xxx

Dividend yield today if purchased 3 years ago: 6.70%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.19

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: 12/11 - ex-div 83.00c (franking 80%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx242.0
DPS All xxxxxxxxxxxxxxx166.0
Sales/Revenue xxxxxxxxxxxxxxx65,264.0 M
Book Value Per Share xxxxxxxxxxxxxxx2,369.9
Net Operating Cash Flow xxxxxxxxxxxxxxx6,114.0 M
Net Profit Margin xxxxxxxxxxxxxxx11.14 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx10.20 %
Return on Invested Capital xxxxxxxxxxxxxxx2.33 %
Return on Assets xxxxxxxxxxxxxxx0.55 %
Return on Equity xxxxxxxxxxxxxxx10.20 %
Return on Total Capital xxxxxxxxxxxxxxx2.61 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx2,136.0 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx82,268 M
Long Term Debt xxxxxxxxxxxxxxx242,080 M
Total Debt xxxxxxxxxxxxxxx324,348 M
Goodwill - Gross xxxxxxxxxxxxxxx4,137 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx139,829 M
Price To Book Value xxxxxxxxxxxxxxx1.62

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx727.0 M
Capex % of Sales xxxxxxxxxxxxxxx1.11 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx4,559 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx345,430 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

-0.2

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

3

xxxxxxxxx xx xxxxx-xxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Morgans

10/11/2026

4

Trim

$35.71

-9.82%

Morgans raises its target for ANZ Banking Group by 4% to $35.71 following broadly flat second-half FY26 earnings, slightly ahead of the broker's expectation.

The broker highlights weaker revenue growth and a decline in the bank's capital ratio, although cost control remains strong.

While management's FY28–FY30 profitability and efficiency targets offer substantial earnings upside, Morgans questions whether sufficient revenue growth can be achieved.

FY27–FY28 earnings forecasts are unchanged and FY29 is increased by 2%. Trim rating retained.

The second-half FY26 dividend was unchanged at 83c, -1c below consensus but in line with Morgans' forecast.

FORECAST
Morgans forecasts a full year FY27 dividend of 166.00 cents and EPS of 261.00 cents.
Morgans forecasts a full year FY28 dividend of 167.00 cents and EPS of 268.00 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$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

10/11/2026

2

Overweight

$35.50

-10.35%

Jarden retains its Overweight rating for ANZ Bank with a $35.50 target price following a full-year result featuring a 1% year-on-year increase in revenue.

Net interest income grew 1% half-on-half alongside a flat net interest margin of 1.53%, while other income fell -2% due to a weak half in markets.

Bad debts climbed 12% half-on-half to $308m, and net fee and commission income increased 2% driven by higher card revenue.

The analyst believes the bank is well positioned for a looming credit cycle because the shape of its loan book has fundamentally changed, noting optimal loans are typically written at the bottom and exit of a cycle rather than in the lead up when spreads are tight.

Jarden reduces FY27 and FY28 cash earnings estimates by -2% and -1% respectively to reflect the lower net interest margin and other income expectations.
Access Extra Coverage Research History >

ANZ STOCK CHART

FNArena News on ANZ

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4
Next Week At A Glance – 9-13 Nov 2026

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Rudi’s View: Optimism Up, Headwinds Remain

Nov 04 2026 - Rudi's View

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