AMP LIMITED (AMP)
Share Price Analysis and Chart

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AMP

AMP - AMP LIMITED

FNArena Sector : Wealth Management & Investments
Year End: December
GICS Industry Group : Insurance
Debt/EBITDA: 722.85
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

AMP is an Australian financial services company providing superannuation and investment products, financial advice and banking products. It began life in 1849 as the Australian Mutual Provident Society and was demutualised and listed in 1998.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.30

26 Feb
2026

0.030

OPEN

$1.27

2.36%

HIGH

$1.31

32,122,998

LOW

$1.25

TARGET
$1.84 41.5% upside
Franking for last dividend paid out: 20%
OTHER COMPANIES IN THE SAME SECTOR
AEF . ASX . BVS . CGF . CVW . DJW . ENN . GDG . GQG . HMC . HUB . IFL . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PPT . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
AMP: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 5.3 11.7 xxx
DPS (cps) xxx 4.0 4.0 xxx
EPS Growth xxx - 25.8% 100.0% xxx
DPS Growth xxx 33.3% 0.0% xxx
PE Ratio xxx N/A 11.1 xxx
Dividend Yield xxx N/A 3.1% xxx
Div Pay Ratio(%) xxx 76.0% 34.2% xxx

Dividend yield today if purchased 3 years ago: 3.86%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.08

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: 21/08 - ex-div 2.00c (franking 20%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx5.3
DPS All xxxxxxxxxxxxxxx4.0
Sales/Revenue xxxxxxxxxxxxxxx2,539.0 M
Book Value Per Share xxxxxxxxxxxxxxx148.0
Net Operating Cash Flow xxxxxxxxxxxxxxx-1,375.0 M
Net Profit Margin xxxxxxxxxxxxxxx5.24 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx3.60 %
Return on Invested Capital xxxxxxxxxxxxxxx1.47 %
Return on Assets xxxxxxxxxxxxxxx0.39 %
Return on Equity xxxxxxxxxxxxxxx3.60 %
Return on Total Capital xxxxxxxxxxxxxxx-0.10 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-1,451.0 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 xxxxxxxxxxxxxxx24,462 M
Long Term Debt xxxxxxxxxxxxxxx5,175 M
Total Debt xxxxxxxxxxxxxxx29,637 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,247 M
Price To Book Value xxxxxxxxxxxxxxx1.23

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx74.0 M
Capex % of Sales xxxxxxxxxxxxxxx2.91 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,675 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx896 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx30,478 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

1.0

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

13/02/2026

1

Upgrade to Buy from Neutral

$1.75

34.62%

UBS upgrades AMP to Buy from Neutral and lowers its target price to $1.75 from $1.90 following the 2025 result.

The broker notes underlying net profit after tax of $285m was in line but operating divisions missed by around -10% in 2H2025 on revenue margin pressure across Platforms and S&I, while the Bank also underperformed.

UBS has lowered FY26 EPS forecast by -4% with DPS reduced to 4c per share through 2027, reflecting weaker margins and a lower NIM outlook.

The broker argues the -27% share price reaction leaves the stock trading below NTA at around 11x 2026 earnings, which it views as attractive given a 10% pa EPS growth outlook.

Equally, the $287m of surplus CET1 is viewed positively with potential asset sales as providing optionality for future capital management.

FORECAST
UBS forecasts a full year FY26 dividend of 4.00 cents and EPS of 11.00 cents.
UBS forecasts a full year FY27 dividend of 4.00 cents and EPS of 13.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
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

17/02/2026

2

Upgrade to Overweight from Neutral

$1.65

26.92%

Although AMP's 1H26 headline earnings were flat versus consensus and -2.8% below Jarden, AMP benefitted from a lower tax rate and a strong Corporate result, with core divisions significantly below expectations.

Within platforms, net inflows were offset by a softer revenue margin. For the Bank, Jarden has reservations about AMP's strategy and it is difficult for the broker to see a credible pathway for AMP to compete given its weak deposit franchise and competition from scaled peers.

However, following a weak half, Jarden believes value is emerging at the price. Upgrade to Overweight from Neutral. Target falls to $1.65 from $1.85.

FORECAST
Jarden forecasts a full year FY26 dividend of 5.00 cents and EPS of 11.80 cents.
Jarden forecasts a full year FY27 dividend of 6.00 cents and EPS of 11.90 cents.
Access Extra Coverage Research History >

AMP STOCK CHART

FNArena News on AMP

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 20-02-26

Feb 20 2026 - Weekly Reports
2
Was AMP’s Punishment Too Much?

Feb 18 2026 - Australia
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
FNArena Corporate Results Monitor – 13-02-2026

Feb 13 2026 - Australia

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