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: N/A
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

$1.265

02 May
2025

-0.025

OPEN

$1.29

-1.94%

HIGH

$1.30

9,357,535

LOW

$1.26

TARGET
$1.398 10.5% upside
Franking for last dividend paid out: 20%
OTHER COMPANIES IN THE SAME SECTOR
AEF . ASX . AVC . BVS . CGF . CVW . DJW . ENN . GDC . GDG . GQG . HMC . HUB . IFL . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PPT . PTM . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
AMP: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 7.1 10.0 xxx
DPS (cps) xxx 3.0 4.0 xxx
EPS Growth xxx 100.0% 41.0% xxx
DPS Growth xxx - 33.3% 33.3% xxx
PE Ratio xxx N/A 12.6 xxx
Dividend Yield xxx N/A 3.2% xxx
Div Pay Ratio(%) xxx 42.3% 40.0% xxx

Dividend yield today if purchased 3 years ago: 2.48%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.37

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 2c (franking 20%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx7.1
DPS All xxxxxxxxxxxxxxx3.0
Sales/Revenue xxxxxxxxxxxxxxx2,608.0 M
Book Value Per Share xxxxxxxxxxxxxxx144.4
Net Operating Cash Flow xxxxxxxxxxxxxxx216.0 M
Net Profit Margin xxxxxxxxxxxxxxx6.90 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx4.78 %
Return on Invested Capital xxxxxxxxxxxxxxx2.32 %
Return on Assets xxxxxxxxxxxxxxx0.54 %
Return on Equity xxxxxxxxxxxxxxx4.78 %
Return on Total Capital xxxxxxxxxxxxxxx5.42 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx63.0 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 xxxxxxxxxxxxxxx23,156 M
Long Term Debt xxxxxxxxxxxxxxx5,558 M
Total Debt xxxxxxxxxxxxxxx28,714 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,379 M
Price To Book Value xxxxxxxxxxxxxxx1.10

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx47.0 M
Capex % of Sales xxxxxxxxxxxxxxx1.80 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx842 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx5,897 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

0.6

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

24/04/2025

1

Upgrade to Outperform from Neutral

$1.34

5.93%

Macquarie highlights AMP's net flows improved in 1Q, with Platforms cash inflow of $740m, up strongly on a year earlier, and superannuation & investments net outflow of -$108m comparing well with -$371m in 4Q24.

The broker's outlook for controllable costs is in line with the company's guidance, but the FY25 estimate of $614m is -4% lower than consensus. Forecasts for net profit is, however, below consensus for FY25-28.

The analyst reckons any impact of the upcoming trial beginning May 26 may be covered by insurance and excess capital on the balance sheet. The stock's valuation discount also covers this risk, the broker notes.

Rating upgraded to Outperform from Neutral as the stock's 2-year forward PE is around a -33% discount to peers. Target cut to $1.34 from $1.64.

FORECAST
Macquarie forecasts a full year FY25 dividend of 4.00 cents and EPS of 9.20 cents.
Macquarie forecasts a full year FY26 dividend of 4.00 cents and EPS of 8.40 cents.

Citi

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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UBS

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

2

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

Goldman Sachs

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Jarden

30/04/2025

3

Neutral

$1.20

-5.14%

AMP’s March quarter update was broadly in line with Jarden's expectations, with net flows turning positive in Australian Wealth Management due to ongoing momentum in Platforms, although Super/Investments remained in net outflow.

Equity market weakness since last December has led to significant earnings downgrades, highlighting inherent market exposure, point out the analysts.

AMP Bank reported flat loan growth and steady margins, with further improvement likely dependent on the rollout of the new digital bank, suggests the broker.

Jarden lowers its FY25-FY27 underlying EPS forecasts by between -6% to -10% and notes capital management initiatives are unlikely to support the near-term outlook.

The broker reduces the target price to $1.20 from $1.40 and maintains a Neutral rating.

FORECAST
Jarden forecasts a full year FY25 dividend of 4.00 cents and EPS of 10.70 cents.
Jarden forecasts a full year FY26 dividend of 4.50 cents and EPS of 10.70 cents.
Access Extra Coverage Research History >

AMP STOCK CHART

FNArena News on AMP

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 02-05-25

May 02 2025 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Apr 30, 2025

Apr 30 2025 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 24-04-25

Apr 28 2025 - Weekly Reports
4
Weekly Ratings, Targets, Forecast Changes – 04-04-25

Apr 07 2025 - Weekly Reports
5
ESG Focus: Fund Flows, Tariffs, Defence & AI

Mar 20 2025 - ESG Focus

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