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

$1.67

24 Jul
2025

0.010

OPEN

$1.67

0.60%

HIGH

$1.68

7,762,806

LOW

$1.66

TARGET
$1.81 8.4% 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 . 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% 52.8% xxx
DPS Growth xxx - 33.3% 33.3% xxx
PE Ratio xxx N/A 14.7 xxx
Dividend Yield xxx N/A 2.5% xxx
Div Pay Ratio(%) xxx 42.3% 36.9% xxx

Dividend yield today if purchased 3 years ago: 2.80%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.89

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

1

xxx

$xx.xx

xx.xx%

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Macquarie

22/07/2025

3

Downgrade to Neutral from Outperform

$1.70

1.80%

AMP's 2Q2025 report showed platform net cashflows rising $1.6bn, up 63.2% on the previous year, with AUM rising to $83.2bn from $78.8bn in the prior quarter, largely due to positive market moves, Macquarie explains.

The bank's gross loans and advances grew 1.6% on an annualised basis, up $185m in the quarter and closing at $23.5bn. No comments were offered on net interest margin or the strategic direction of the bank.

Macquarie lifts 2025 and 2026 EPS forecasts by 0.6% and 2.5%, respectively, from higher investment income.

The broker downgrades the stock to Neutral from Outperform due to a rise in the share price of 42%. Target price is lifted to $1.70 from $1.44 on a changed valuation methodology. AMP is due to report 1H25 result on August 7.

FORECAST
Macquarie forecasts a full year FY25 dividend of 4.00 cents and EPS of 9.80 cents.
Macquarie forecasts a full year FY26 dividend of 5.00 cents and EPS of 9.50 cents.

Citi

xx/xx/xxxx

1

xxx

$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

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

24/07/2025

3

Neutral

$1.55

-7.19%

Jarden views AMP’s repositioning toward Australian Wealth Management positively, particularly with a growing focus on retirement solutions through its Lifetime product and improved adviser efficiency.

2Q25 net platform flows of $769m beat the broker's expectations, offsetting weaker market returns and supporting growth in platform funds under administration (FUA) to $83.2bn.

Investor Day reaffirmed management's ambition to capture share in the around $2.4trn retirement market, although actual flows into its Lifetime offering remain modest at $465m since its 2022 launch, comment the analysts.

Jarden revises FY25-27 underlying EPS forecasts by -0.1%, -0.8%, and 2.4% respectively, driven by stronger flow assumptions but higher controllable cost expectations. The target price is raised to $1.55 from $1.40. Neutral rating unchanged.

FORECAST
Jarden forecasts a full year FY25 dividend of 4.00 cents and EPS of 11.30 cents.
Jarden forecasts a full year FY26 dividend of 5.00 cents and EPS of 11.70 cents.
Access Extra Coverage Research History >

AMP STOCK CHART

FNArena News on AMP

1
Australian Broker Call *Extra* Edition – Jul 24, 2025

Jul 24 2025 - Daily Market Reports
2
June Quarter: Hub24 Outgrows Netwealth

Jul 18 2025 - Australia
3
Weekly Ratings, Targets, Forecast Changes – 11-07-25

Jul 14 2025 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Jul 07, 2025

Jul 07 2025 - Daily Market Reports
5
Next Week At A Glance -7-11 Jul 2025

Jul 04 2025 - Weekly Reports

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