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 | 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

$29.16

30 Jun
2025

-0.040

OPEN

$29.33

-0.14%

HIGH

$29.46

4,689,621

LOW

$29.09

TARGET
$26.668 -8.5% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AFG . BEN . BOQ . CBA . HLI . MYS . NAB . RMC . SUN . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
ANZ: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 218.0 227.8 xxx
DPS (cps) xxx 166.0 155.8 xxx
EPS Growth xxx - 8.0% 4.5% xxx
DPS Growth xxx - 5.1% - 6.1% xxx
PE Ratio xxx N/A 12.9 xxx
Dividend Yield xxx N/A 5.3% xxx
Div Pay Ratio(%) xxx 76.2% 68.4% xxx

Dividend yield today if purchased 3 years ago: 7.55%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.67

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 201920202021202220232024
EPS Basic 208.3125.4215.4250.0236.8218.0
DPS All 158.759.5140.9145.4175.0166.0
Sales/Revenue 36,586.0 M30,018.0 M24,469.0 M28,964.0 M54,646.0 M66,096.0 M
Book Value Per Share 2,127.42,140.62,240.42,207.42,316.52,348.9
Net Operating Cash Flow 6,653.0 M9,331.0 M3,175.0 M12,293.0 M8,406.0 M6,725.0 M
Net Profit Margin 17.21 %12.24 %25.25 %24.64 %12.99 %9.89 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed 10.49 %6.02 %9.89 %11.02 %10.48 %9.38 %
Return on Invested Capital 2.63 %1.50 %2.62 %3.06 %2.86 %2.39 %
Return on Assets 0.65 %0.36 %0.61 %0.69 %0.65 %0.56 %
Return on Equity 10.49 %6.02 %9.89 %11.02 %10.48 %9.38 %
Return on Total Capital 3.12 %2.30 %3.44 %3.39 %3.25 %2.77 %
Free Cash Flow ex dividends 2,182.0 M6,470.0 M341.0 M8,509.0 M4,026.0 M1,473.0 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 201920202021202220232024
Short-Term Debt 32,615 M34,830 M48,305 M64,721 M55,159 M83,022 M
Long Term Debt 186,414 M182,317 M164,515 M172,855 M187,479 M220,615 M
Total Debt 219,029 M217,147 M212,820 M237,576 M242,638 M303,637 M
Goodwill - Gross 3,467 M3,341 M3,089 M2,906 M3,056 M4,421 M
Cash & Equivalents - Generic 72,226 M87,429 M143,526 M165,468 M145,647 M117,597 M
Price To Book Value 1.330.801.251.031.111.30

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex 508.0 M587.0 M561.0 M651.0 M605.0 M640.0 M
Capex % of Sales 1.39 %1.96 %2.29 %2.25 %1.11 %0.97 %
Cost of Goods Sold ------
Selling, General & Admin. Exp & Other 4,542 M4,599 M3,830 M4,033 M4,132 M4,249 M
Research & Development ------
Investments - Total 272,822 M315,238 M184,121 M227,560 M226,550 M284,799 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

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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UBS

23/06/2025

5

Downgrade to Sell from Neutral

$26.50

-9.12%

UBS has done a detailed analysis of ANZ Bank, noting it has been one of the largest underperformers among its coverage in the past five years (-66%). The broker's analysis suggests the bank's biggest weakness is the retail division.

Scenario analysis suggests up to 16% uplift to group EPS is possible, if the bank follows Macquarie Group's ((MQG)) playbook of deposit gathering and mortgage broker-led model..

The broker cut the DPS forecast for FY25 by -25%, FY26 by -12% and FY27 by -13% on the expectation the new CEO will want to manage the bank at a stronger CET1 of around 12%. 

The broker also trimmed FY26-27 net interest margin forecast by -2bps and slightly lifted the costs estimates.

Target price cut to $26.50 from $30.00. Rating downgraded to Sell from Neutral.

FORECAST
UBS forecasts a full year FY25 dividend of 125.00 cents and EPS of 227.00 cents.
UBS forecasts a full year FY26 dividend of 150.00 cents and EPS of 227.00 cents.

Morgans

xx/xx/xxxx

4

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

22/05/2025

2

Overweight

$30.00

2.88%

Jarden notes ANZ Bank's new CEO Nuno Matos articulated two key priorities in his first week; accelerated pace of delivery and accountability, and uplift in risk management approach.

The broker concurs but also wonders if Matos would pursue goals far greater than an IT repair job and a bank migration.

Additionally, the broker believes Matos should aim to emulate CommBank's ((CBA)) consistency, reliability and predictability approach.

Overweight. Target unchanged at $30.

FORECAST
Jarden forecasts a full year FY25 dividend of 166.00 cents and EPS of 227.80 cents.
Jarden forecasts a full year FY26 dividend of 166.00 cents and EPS of 232.30 cents.
Access Extra Coverage Research History >

ANZ STOCK CHART

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