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: 203.65
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

$1.75

11 Feb
2026

0.030

OPEN

$1.68

1.74%

HIGH

$1.76

7,832,209

LOW

$1.68

TARGET
$2.03 16.0% 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 FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 7.1 11.0 xxx
DPS (cps) xxx 3.0 4.0 xxx
EPS Growth xxx 100.0% 55.1% xxx
DPS Growth xxx - 33.3% 33.3% xxx
PE Ratio xxx N/A 11.6 xxx
Dividend Yield xxx N/A 3.1% xxx
Div Pay Ratio(%) xxx 42.3% 36.4% xxx

Dividend yield today if purchased 3 years ago: 2.28%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.34

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 201920202021202220232024
EPS Basic -79.52.5-7.6-0.50.67.1
DPS All 0.010.00.02.54.53.0
Sales/Revenue 22,023.0 M2,495.0 M3,081.0 M1,575.0 M2,869.0 M2,679.0 M
Book Value Per Share 142.6124.4121.9137.2141.4144.4
Net Operating Cash Flow -9,109.0 M-2,742.0 M1,689.0 M2,566.0 M-105.0 M216.0 M
Net Profit Margin -11.20 %2.12 %-8.18 %-0.25 %0.66 %6.72 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed -42.74 %1.16 %-6.11 %-0.10 %0.47 %4.78 %
Return on Invested Capital -18.56 %0.51 %-2.86 %-0.04 %0.24 %2.32 %
Return on Assets -1.68 %0.06 %-0.78 %-0.01 %0.06 %0.54 %
Return on Equity -42.74 %1.16 %-6.11 %-0.10 %0.47 %4.78 %
Return on Total Capital 5.20 %1.39 %-1.73 %1.43 %-0.11 %0.23 %
Free Cash Flow ex dividends -9,281.0 M-3,185.0 M1,689.0 M2,536.0 M-250.0 M110.0 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 15,877 M20,630 M21,404 M23,942 M26,453 M23,156 M
Long Term Debt 7,241 M4,497 M4,848 M5,589 M2,465 M5,558 M
Total Debt 23,118 M25,127 M26,252 M29,531 M28,918 M28,714 M
Goodwill - Gross 2,916 M-----
Cash & Equivalents - Generic 4,539 M2,428 M2,916 M1,816 M1,440 M1,379 M
Price To Book Value 1.341.250.830.960.661.10

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex 55.0 M83.0 M49.0 M30.0 M32.0 M47.0 M
Capex % of Sales 0.25 %3.33 %1.59 %1.90 %1.12 %1.75 %
Cost of Goods Sold --1,380 M-1,943 M1,823 M
Selling, General & Admin. Exp & Other 15,196 M2,096 M2,218 M1,119 M943 M782 M
Research & Development ------
Investments - Total 114,804 M5,087 M25,731 M5,794 M29,898 M29,320 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

0.5

No. Of Recommendations

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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

14/01/2026

3

Neutral

$1.90

8.57%

UBS notes funds under management (FUM) mark-to-market revisions for wealth managers were mixed in December, with global equity markets buoyant but a weaker domestic market.

Returns in 4Q25 were also mixed,  with domestic market declines partly offset by global equity and bond gains.

In the case of AMP, the broker trimmed FY25 EPS forecast by -0.3% and FY26 by -1.4% on lower returns across Platform, and Super & Investments.

Target cut to $1.90 from $1.95. Neutral maintained.

This report was published January 5.

FORECAST
UBS forecasts a full year FY25 dividend of 4.00 cents and EPS of 11.00 cents.
UBS forecasts a full year FY26 dividend of 4.50 cents and EPS of 12.30 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

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

03/02/2026

3

Neutral

$1.85

5.71%

Jarden flags higher costs as AMP steps up investment to scale AMP Bank Go, with maiden 2026 controllable cost guidance of -$630m–640m implying around a 14% increase in bank costs y/y, while the rest of the group tracks inflation.

The broker sees competitive deposit markets risking elevated costs beyond 2027, despite strategic optionality from a larger bank, and argues incremental capital may be better directed to the faster-growing Platform division.

Earnings forecasts lowered by -4.0% in 2026 and -6.2% in 2027. No change to Neutral rating. Target slips to $1.85 from $1.95.

FORECAST
Jarden forecasts a full year FY25 EPS of 11.40 cents.
Jarden forecasts a full year FY26 EPS of 11.80 cents.
Access Extra Coverage Research History >

AMP STOCK CHART

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2
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