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

$37.07

06 May
2026

1.120

OPEN

$36.01

3.12%

HIGH

$37.19

5,898,466

LOW

$36.08

TARGET
$35.175 -5.1% 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 198.2 248.2 xxx
DPS (cps) xxx 166.0 166.8 xxx
EPS Growth xxx - 9.1% 25.2% xxx
DPS Growth xxx 0.0% 0.5% xxx
PE Ratio xxx N/A 15.1 xxx
Dividend Yield xxx N/A 4.4% xxx
Div Pay Ratio(%) xxx 83.8% 67.2% xxx

Dividend yield today if purchased 3 years ago: 6.97%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.43

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

Morgans

xx/xx/xxxx

4

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$xx.xx

xx.xx%

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xx/xx/xxxx

3

xxxxxxx

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xx.xx%

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xx/xx/xxxx

1

xxx

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UBS

04/05/2026

3

Upgrade to Neutral from Sell

$36.50

-1.54%

Today's update on ANZ Bank from UBS results in a lift in EPS forecasts by 3.7% for FY26 and 3.8% for FY27.

With the share price moving below the target of $36.50, the stock is upgraded to Neutral from Sell.

****

At first glance on Friday (May 1), UBS notes ANZ Bank reported a 1H26 result ahead of expectations, with cash net profit after tax beating consensus by 2.7%, driven by lower costs and a smaller bad debt charge.

Revenue was slightly weaker, with net interest income down -2% and NIM compressing by -1bp to 1.53%, while non-interest income provided support.

Costs fell sharply. The broker highlights the cost-to-income ratio improved to 49.4%. Credit impairments were lower than expected at 7bp and CET1 strengthened to 12.39%.

Management's FY26 cost guidance was trimmed to around -$11.3bn. Overall, the result was considered as strong, though softer revenue trends and modest lending growth remain key areas of focus.

Sell rated. Target $36.50.

FORECAST
UBS forecasts a full year FY26 dividend of 170.00 cents and EPS of 251.00 cents.
UBS forecasts a full year FY27 dividend of 175.00 cents and EPS of 256.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxxxxx xx xxxx xxxx 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

05/05/2026

2

Overweight

$35.50

-4.24%

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

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