ANZ GROUP HOLDINGS LIMITED (ANZ)
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ANZ - ANZ GROUP HOLDINGS LIMITED

FNArena Sector : Banks
Year End: September
GICS Industry Group : Banks
Debt/EBITDA: N/A
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

ANZ Bank is a multinational banking and financial services company. It is the second largest bank by assets and fourth largest bank by market capitalisation in Australia. It has been a listed company since Sept 1969.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$24.43

01 Dec
2023

0.060

OPEN

$24.27

0.25%

HIGH

$24.46

3,665,066

LOW

$24.22

TARGET
$26.15 7.0% upside
Franking for last dividend paid out: 56%
OTHER COMPANIES IN THE SAME SECTOR
ABA . AFG . BEN . BOQ . CBA . HLI . MYS . NAB . RMC . SUN . VUK . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
ANZ: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 236.8 215.7 xxx
DPS (cps) xxx 175.0 162.2 xxx
EPS Growth xxx - 5.3% - 8.9% xxx
DPS Growth xxx 20.3% - 7.3% xxx
PE Ratio xxx N/A 11.3 xxx
Dividend Yield xxx N/A 6.6% xxx
Div Pay Ratio(%) xxx 73.9% 75.2% xxx

Dividend yield today if purchased 3 years ago: 7.61%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.16

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: 16/11 - ex-div 94c (franking 56%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx236.8
DPS All xxxxxxxxxxxxxxx175.0
Sales/Revenue xxxxxxxxxxxxxxx54,646.0 M
Book Value Per Share xxxxxxxxxxxxxxx2,316.5
Net Operating Cash Flow xxxxxxxxxxxxxxx8,406.0 M
Net Profit Margin xxxxxxxxxxxxxxx12.99 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx10.48 %
Return on Invested Capital xxxxxxxxxxxxxxx2.87 %
Return on Assets xxxxxxxxxxxxxxx0.65 %
Return on Equity xxxxxxxxxxxxxxx10.48 %
Return on Total Capital xxxxxxxxxxxxxxx3.26 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx4,026.0 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx54,857 M
Long Term Debt xxxxxxxxxxxxxxx186,830 M
Total Debt xxxxxxxxxxxxxxx241,687 M
Goodwill - Gross xxxxxxxxxxxxxxx3,056 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx145,647 M
Price To Book Value xxxxxxxxxxxxxxx1.11

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx605.0 M
Capex % of Sales xxxxxxxxxxxxxxx1.11 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx4,132 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx226,550 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

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

14/11/2023

3

Downgrade to Neutral from Buy

$26.00

6.43%

Citi analysts, on closer examination, conclude ANZ Bank's FY23 cash earnings have fallen short of forecasts by -4% (Citi) and -2% (consensus) respectively.

Even though the "miss" doesn't appear to be significant, the analysts highlight the point that, compositionally, this is a "weak" result.

The bank's weighting to institutional business, formerly a boon, came home to roost as institutional offshore deposits fell, leaving the bank to fall back on more expensive domestic retail TD deposits to support their above-system mortgage growth, which hit retail profits, says the broker.

Both market revenues and NIM proved a disappointment, offset by strong fee income and several one-offs. Citi also thinks opting for a bonus dividend instead of a buyback means there's no benefit in terms of shares count moving forward.

On the upside, the bank's bad and doubtful debts were nearly half consensus forecasts.

Rating is downgraded to Neutral from Buy. Target price falls to $26 from $27.

FORECAST
Citi forecasts a full year FY24 dividend of 166.00 cents and EPS of 237.90 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

ANZ STOCK CHART

FNArena News on ANZ

1
Australian Banks Post FY23 Results: Same, Same

Nov 30 2023 - Feature Stories
2
Rudi’s View: All-Weather Portfolio In 2023

Nov 29 2023 - Rudi's View
3
Australian Broker Call *Extra* Edition – Nov 22, 2023

Nov 22 2023 - Daily Market Reports
4
Rudi’s View: Quality In Stocks; What Is It Good For?

Nov 22 2023 - Rudi's View
5
Weekly Ratings, Targets, Forecast Changes – 17-11-23

Nov 20 2023 - Weekly Reports

Latest Banks News

1
Australian Banks Post FY23 Results: Same, Same

Nov 30 2023 - Feature Stories
2
Costs Continue To Drag On Westpac

Nov 07 2023 - Australia
3
In Brief: House Prices; Mortgage Stress, Banks

Nov 03 2023 - Weekly Reports
4
Australian Banks: Choppy And Messy

Sep 28 2023 - Technicals
5
Post August Reflections

Sep 05 2023 - Australia
6
Banks: Topping Out?

Jul 25 2023 - Technicals
7
Australian Banks: Future Not Bright

May 17 2023 - Feature Stories
8
Judo Capital Offers Differentation

May 11 2023 - Small Caps
9
Bank Of Queensland Disappoints

Apr 17 2023 - Australia
10
Australian Banks: Clouds On The Horizon

Apr 14 2023 - Feature Stories