AMP LIMITED (AMP)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

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

$1.815

22 Oct
2025

-0.030

OPEN

$1.83

-1.63%

HIGH

$1.85

5,870,757

LOW

$1.81

TARGET
$1.97 8.5% 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 11.1 xxx
DPS (cps) xxx 3.0 4.0 xxx
EPS Growth xxx 100.0% 55.9% xxx
DPS Growth xxx - 33.3% 33.3% xxx
PE Ratio xxx N/A 16.5 xxx
Dividend Yield xxx N/A 2.2% xxx
Div Pay Ratio(%) xxx 42.3% 36.2% xxx

Dividend yield today if purchased 3 years ago: 2.58%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.65

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 xxxxxxxxxxxxxxx2,679.0 M
Book Value Per Share xxxxxxxxxxxxxxx144.4
Net Operating Cash Flow xxxxxxxxxxxxxxx216.0 M
Net Profit Margin xxxxxxxxxxxxxxx6.72 %

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 xxxxxxxxxxxxxxx0.23 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx110.0 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 xxxxxxxxxxxxxxx1.75 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,823 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx782 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx29,320 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

0.3

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%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

17/10/2025

3

Neutral

$1.80

-0.83%

AMP's 3Q2025 flows revealed a robust improvement in net cash flows onto Platform, up 62% y/y to $1,212m, offsetting the growing gross outflows of -$8.4bn compared to -$7bn a year earlier, Macquarie highlights.

Superannuation & investment experienced net cash outflows of around -$241m, with AUM coming in higher at $60.5bn from $58.5bn in the prior quarter. Loan book rose $273m, up 46% annualised.

The analyst notes no comments were made around the bank's strategic plans or AMP's MyNorth Lifetime product on the platform, which stands at $579m, up from $465m in the second quarter.

Macquarie lifts its EPS forecasts by 2.5% for 2025 and 6.4% for 2026.

No change to Neutral rating. Target is lifted 5% to $1.80 from $1.72.

FORECAST
Macquarie forecasts a full year FY25 dividend of 4.00 cents and EPS of 10.60 cents.
Macquarie forecasts a full year FY26 dividend of 4.00 cents and EPS of 10.20 cents.

Citi

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

3

xxxxxxx

$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

21/10/2025

3

Neutral

$1.90

4.68%

AMP's first quarter update showed strong Platform net flows, assesses Jarden, offsetting softer results in Super and Investments. Rising confidence in the capital-light Platform business is seen as the group’s key long-term growth driver.

Loan and deposit growth in AMP Bank exceeded the broker's expectations, though caution is warranted on the net interest margin (NIM) outlook amid competitive deposit pricing.

The analyst believes further upside is dependent on improved Bank and Super performance, asset sales, or capital management.

Jarden raises its target price to $1.90 from $1.70 and retains a Neutral rating.
Access Extra Coverage Research History >

AMP STOCK CHART

FNArena News on AMP

1
Australian Broker Call *Extra* Edition – Oct 22, 2025

Oct 22 2025 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 17-10-25

Oct 20 2025 - Weekly Reports
3
Rudi’s View: Small Caps, Quality, Gold, Balance & Maximum Diversification

Oct 16 2025 - Rudi's View
4
Weekly Ratings, Targets, Forecast Changes – 03-10-25

Oct 06 2025 - Weekly Reports
5
Rudi’s View: Amcor, Generation Development, Life360, Redox, Worley & More

Oct 02 2025 - Rudi's View

Latest Wealth Management & Investments News

1
Reverse Head-and-Shoulders Supports Pinnacle

Oct 21 2025 - Technicals
2
Weekly Update On LICs & LITs – 21-Oct-2025

Oct 21 2025 - Weekly Reports
3
Weekly Update On LICs & LITs – 14-Oct-2025

Oct 14 2025 - Weekly Reports
4
Monthly Listed Investment Trust Report – Oct 2025

Oct 08 2025 - Australia
5
Weekly Update On LICs & LITs – 07-Oct-2025

Oct 07 2025 - Weekly Reports
6
Infratil’s Digital & Decarbonisation Drive

Oct 03 2025 - Australia
7
Weekly Update On LICs & LITs – 30-Sep-2025

Sep 30 2025 - Weekly Reports
8
Weekly Update On LICs & LITs – 24-Sep-2025

Sep 24 2025 - Weekly Reports
9
Unbundling Wealth: How DIY Super Is Reshaping Investment Flows In Australia

Sep 17 2025 - SMSFundamentals
10
Treasure Chest: Generation Development

Sep 17 2025 - Treasure Chest