Skip to Content

ANZ Group Holdings Ltd ANZ

Morningstar Rating
A$28.11 −0.27 (0.95%)
View Full Chart
Unlock our analysis with Morningstar Investor

Company Report

ANZ Group Earnings: Strong Institutional Earnings but Paying Up for Home Loan Growth

ANZ Group’s cash profit fell 7% on a very strong previous corresponding period, and down a more modest 1% on the second half of fiscal 2023 as the margin tailwind of cash rate increases continued to be competed away. The negative earnings trajectory has slowed, though, and we expect it will begin to improve in fiscal 2025. With less refinancing activity, a pick-up in new lending, and the term funding facility repaid, we think margins should modestly improve over the medium term on more favorable loan and deposit pricing. However, lower margins might be acceptable if the industry extracts cost savings or reports lower credit losses than historical levels to offset lower revenue growth.

Price vs Fair Value

ANZ is trading at a 739% premium.
Price
A$28.38
Fair Value
A$95.00
Uncertainty
Medium
1-Star Price
A$93.82
5-Star Price
A$23.70
Economic Moat
Txqpz
Capital Allocation
Kqkhrgly

Bulls Say, Bears Say

Bulls

ANZ continues to win back market share in home loans and retail customer deposits after rolling out an improved digital offering.

Bears

ANZ Bank remains subpeer for returns on equity, cost efficiency, and net interest margins.

Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if ANZ is a good fit for your portfolio.

News

Trading Information

Previous Close Price
A$28.38
Day Range
A$27.9128.24
52-Week Range
A$22.5829.90
Bid/Ask
A$28.05 / A$28.15
Market Cap
A$84.38 Bil
Volume/Avg
3.4 Mil / 4.8 Mil

Key Statistics

Price/Earnings (Normalized)
12.23
Price/Sales
4.55
Dividend Yield (Trailing)
6.18%
Dividend Yield (Forward)
6.18%
Total Yield
6.39%

Company Profile

ANZ Group is the owner of one of Australia's four major banks and provides retail, business, and institutional banking services to customers in Australia, New Zealand, and Asia-Pacific. The super-regional Asian strategy was de-emphasized, with management focusing on the higher-returning businesses in Australia and New Zealand. ANZ Bank still retains a tilt to its Asia-centric strategy, but is now more balanced, better capitalized and a simpler bank.
Sector
Financial Services
Industry
Banks - Diversified
Stock Style Box
Large Value
Total Number of Employees
40,262

Competitors

Valuation

Metric
ANZ
CBA
WBC
Price/Earnings (Normalized)
12.2321.4514.81
Price/Book Value
1.212.771.29
Price/Sales
4.557.944.93
Price/Cash Flow
12.0413.49
Price/Earnings
ANZ
CBA
WBC

Financial Strength

Metric
ANZ
CBA
WBC
Quick Ratio
Current Ratio
Interest Coverage
Quick Ratio
No chart available

Profitability

Metric
ANZ
CBA
WBC
Return on Assets (Normalized)
0.65%0.80%0.68%
Return on Equity (Normalized)
10.25%13.77%9.72%
Return on Invested Capital (Normalized)
Return on Assets
ANZ
CBA
WBC
See how this stock stacks up to its competitors with Morningstar Investor

Banks - Diversified Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
JPM
JPMorgan Chase & CoWvkwydpzWjng$569.5 Bil
BAC
Bank of America CorpRzcctbrlwMbq$310.9 Bil
WFC
Wells Fargo & CoDmxmgdvnQhbv$212.9 Bil
HSBC
HSBC Holdings PLC ADRPbryrhyHjdk$166.1 Bil
RY
Royal Bank of CanadaQwmnnlwklCrdnb$148.4 Bil
C
Citigroup IncSvwbcvspdJyby$120.2 Bil
MUFG
Mitsubishi UFJ Financial Group Inc ADRYdkxtmgLnkk$116.6 Bil
UBS
UBS Group AGQcxqpqdsgzYptjrs$97.4 Bil
TD
The Toronto-Dominion BankPbzpnkckStgb$97.1 Bil
SAN
Banco Santander SA ADRMfmVylcfmj$80.6 Bil

Sponsor Center