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

24 Mar
2025

0.000

OPEN

$1.26

0.000

HIGH

$1.28

3,964,672

LOW

$1.26

TARGET
$1.61 27.3% 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 10.8 xxx
DPS (cps) xxx 3.0 4.0 xxx
EPS Growth xxx 100.0% 52.0% xxx
DPS Growth xxx - 33.3% 33.3% xxx
PE Ratio xxx N/A 11.8 xxx
Dividend Yield xxx N/A 3.1% xxx
Div Pay Ratio(%) xxx 42.3% 37.1% xxx

Dividend yield today if purchased 3 years ago: 3.13%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.35

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

0.0

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

17/02/2025

5

Sell

$1.35

6.72%

UBS highlights AMP's overall net outflows continue to moderate in 2H24 but the progress disappointed against a backdrop of stronger peer outcomes and a beat in the bank benefiting from provision releases (lower quality).  The bigger disappointment was limited prospects for further near-term capital management given clarity that surplus sits at $139m with a weaker FY25 dividend outlook.

The broker made modest EPS revisions, lowering the FY25 forecast by -0.1% and raising FY26 by 1.5% to reflect lower net outflows, partly offset by lower platform fees and FY25 controllable costs.

Target price rises to $1.35 from $1.25. Sell maintained.


(guidance 43bps vs prior UBSe 45.5bps); (ii) FY25 controllable costs $610m (guidance
$600m, prior UBSe $630m).

While overall Wealth net outflows continue to moderate, progress here
disappointed against a backdrop of stronger peer outcomes and a beat in the Bank
benefiting from provision releases (lower quality

On first inspection, UBS notes AMP reported 2H24 underlying net profit after tax above consensus by 1% and ahead of UBS' estimate by 5%.

Notably, .

Platform and superannuation and investment assets under management were also 1% better than forecast.

UBS notes 2025 guidance is mixed, with better cost management. Sell rated with a $1.25 target price.

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 5.00 cents and EPS of 12.00 cents.

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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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

3

xxxxxxx

$xx.xx

xx.xx%

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Jarden

17/02/2025

3

Neutral

$1.40

10.67%

Jarden notes AMP's 2024 result was ahead of estimates yet concerns surrounding capital management remain uppermost for investors. Should the portfolio mix continue to trend towards managed accounts this could put further downward pressure on margins as well.

There were some key positives, with Jarden pointing out the business is delivering on cost cutting initiatives while flow momentum may be able to stem market share losses. Neutral rating retained. Target is reduced to $1.40 from $1.45.

FORECAST
Jarden forecasts a full year FY25 dividend of 4.00 cents and EPS of 11.40 cents.
Jarden forecasts a full year FY26 dividend of 5.00 cents and EPS of 11.90 cents.
Access Extra Coverage Research History >

AMP STOCK CHART

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