Australia & New Zealand Banking (ANZGY)
OTHER OTC:ANZGY
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Australia & New Zealand Banking
(OTC:ANZGY)
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Rating:58Neutral
Price Target:
$27.00
â–²(10.79% Upside)
Action:ReiteratedDate:05/04/26
The score is held back primarily by weaker latest-period financial quality (profitability compression and higher leverage) and soft technical momentum. These are partially offset by attractive valuation (low P/E and solid dividend yield) and a generally constructive earnings call focused on improved returns, capital strength, and cost/productivity progress, albeit with revenue and execution risks.
Positive Factors
Consistent cash generation
Positive operating and free cash flow across multiple years provides durable internal funding for lending, operations, and capital returns. Even with 2025 volatility, a history of positive cash flow supports dividend capacity, reinvestment and buffers against cyclical stress over the medium term.
Negative Factors
Sharp leverage increase
A sudden and sustained rise in leverage materially increases financial risk and reduces balance sheet flexibility. Higher debt-to-equity can strain regulatory capital ratios, limit capacity to absorb loan losses or fund growth, and increase sensitivity to interest and funding shocks over months ahead.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent cash generation
Positive operating and free cash flow across multiple years provides durable internal funding for lending, operations, and capital returns. Even with 2025 volatility, a history of positive cash flow supports dividend capacity, reinvestment and buffers against cyclical stress over the medium term.
Read all positive factors
Australia & New Zealand Banking (ANZGY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$80.31B
Dividend Yield4.32%
Average Volume (3M)6.21K
Price to Earnings (P/E)7.7
Beta (1Y)0.58
Revenue Growth-4.06%
EPS Growth-11.28%
CountryUS
Employees43,094
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)1.93
Shares Outstanding2,971,365,700
10 Day Avg. Volume4,521
30 Day Avg. Volume6,209
Financial Highlights & Ratios
PEG Ratio-2.84
Price to Book (P/B)1.39
Price to Sales (P/S)1.51
P/FCF Ratio3.79
Enterprise Value/Market Cap2.44
Enterprise Value/Revenue3.14
Enterprise Value/Gross Profit9.60
Enterprise Value/Ebitda19.95
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.78
Revenue Forecast (FY)$16.28B
Australia & New Zealand Banking Business Overview & Revenue Model
Company Description
ANZ Group Holdings Limited provides various banking and financial products and services to individuals and business customers in Australia and internationally. It offers home and personal loans, deposits, and credit cards through the branch networ...
How the Company Makes Money
ANZ makes money primarily by earning net interest income and by charging fees and commissions for banking and financial services.
1) Net interest income (core earnings): ANZ collects interest on loans and other interest-earning assets (e.g., resi...
Australia & New Zealand Banking Earnings Call Summary
Earnings Call Date:Apr 30, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 16, 2026
Earnings Call Sentiment Positive
The call emphasized substantial progress on cost reduction, capital strength, improved returns and disciplined portfolio management while acknowledging revenue stagnation in the half, ongoing provisioning for geopolitical uncertainty, and the execution risk associated with major integration and replatforming programs. Management presented concrete metrics showing stronger profitability, upgraded productivity targets and maintained dividends, but also noted persistent customer experience/NPS weaknesses and pockets of below-system lending performance. Overall the results portray a bank in active transformation with material near-term achievements and some execution and macro-related risks to monitor.Positive Updates
Improved Returns
Return on tangible equity rose to 11.6%, an improvement of 161 basis points vs prior half, reflecting stronger profitability and early benefits of the ANZ 2030 transformation.
Negative Updates
Flat Group Revenue
Group revenue was flat half-on-half; on a constant currency basis (and excluding certain hedge benefits) revenue rose ~1% — weaker-than-expected revenue capture given higher rate environment and market-wide tailwinds.
Read all updates
Q2-2026 Updates
Positive
Negative
Improved Returns
Return on tangible equity rose to 11.6%, an improvement of 161 basis points vs prior half, reflecting stronger profitability and early benefits of the ANZ 2030 transformation.
Read all positive updates
Company Guidance
Management reiterated Phase‑1 guidance and gave metric‑led detail: H1 cash profit after tax was $3.8bn with return on tangible equity 11.6% (up 161bps) and CET1 12.39% (up 36bps); cost‑to‑income fell to 49.4% (from 54.6%) as productivity savings were upgraded to $875m (versus $800m) driving an expected ~5% FY26 reduction in costs from a $11.85bn FY25 baseline and keeping the ~$1.5bn investment envelope (investment spend ≈80% of expense); the interim dividend was maintained at $0.83/share with franking raised to 75% and the DRP neutralized. Credit and balance‑sheet settings were strengthened with a $126m collective provision charge this half (collective provision balance $4.45bn, coverage 1.22% up 4bps in the half and 9bps since Mar‑25), an individual provision charge of $148m (annualised loss rate 4bps vs long‑run ~11bps), deposits ex‑Markets +$11bn (+$20bn constant currency), save & transact +$16bn CCY, operational deposits +8% CCY (up 28% over 2 years), customer loans +$16bn CCY (Australia home loans +$5bn), markets income $1.1bn (+8%), revenue/RWA 4.88%, group NIM ~1.53% (replicating portfolio expected to add ~7bps over 12–18 months), and program milestones — Suncorp migration 34% complete (target 57% by FY‑end, finish Jun‑27) and single customer front end 13% complete (target 45% by FY‑end, delivery Sep‑27).Australia & New Zealand Banking Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
44
Neutral
Cash Flow
61
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 62.26B | 65.70B | 20.36B | 20.28B | 19.66B | 17.99B |
| Gross Profit | 20.39B | 20.49B | 20.36B | 20.28B | 18.94B | 17.83B |
| EBITDA | 9.81B | 9.80B | 0.00 | 0.00 | 11.09B | 10.02B |
| Net Income | 3.73B | 3.79B | 6.54B | 7.10B | 7.12B | 6.16B |
Balance Sheet | ||||||
| Total Assets | 1.31T | 1.30T | 1.23T | 1.11T | 1.09T | 978.86B |
| Cash, Cash Equivalents and Short-Term Investments | 173.36B | 122.72B | 112.99B | 146.44B | 157.53B | 141.89B |
| Total Debt | 257.89B | 219.82B | 121.28B | 150.08B | 134.00B | 78.43B |
| Total Liabilities | 1.24T | 1.23T | 1.16T | 1.04T | 1.02T | 915.18B |
| Stockholders Equity | 70.68B | 71.13B | 69.86B | 69.52B | 65.91B | 63.66B |
Cash Flow | ||||||
| Free Cash Flow | 17.75B | 26.11B | 9.95B | 5.88B | 19.52B | 43.26B |
| Operating Cash Flow | 18.76B | 26.11B | 9.95B | 6.49B | 20.18B | 43.82B |
| Investing Cash Flow | -53.41B | -23.94B | -42.12B | -10.69B | -1.82B | 10.26B |
| Financing Cash Flow | 12.70B | 612.00M | 17.91B | 4.38B | -2.35B | -9.67B |
Australia & New Zealand Banking Technical Analysis
Positive
24.37
Price Trends
26.74
Positive
25.43
Positive
23.41
Positive
Market Momentum
0.31
Negative
59.84
Neutral
85.89
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ANZGY, the sentiment is Positive. The current price of 24.37 is below the 20-day moving average (MA) of 26.11, below the 50-day MA of 26.74, and above the 200-day MA of 23.41, indicating a bullish trend. The MACD of 0.31 indicates Negative momentum. The RSI at 59.84 is Neutral, neither overbought nor oversold. The STOCH value of 85.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ANZGY.
Australia & New Zealand Banking Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $125.41B | 8.87 | 18.94% | 3.27% | -10.12% | 13.24% | |
72 Outperform | $181.09B | 6.78 | 15.73% | 1.85% | -14.46% | 36.76% | |
71 Outperform | $85.41B | 10.46 | 12.71% | 4.14% | 10.57% | 19.15% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $62.89B | 3.74 | 14.33% | 3.67% | 7.21% | 26.24% | |
62 Neutral | $80.72B | 6.17 | 9.46% | 1.71% | 12.95% | 21.64% | |
58 Neutral | $80.31B | 7.67 | 8.30% | 4.32% | -4.06% | -11.28% |
* Financial Sector Average
ANZGY
Australia & New Zealand Banking
26.65
9.00
50.95%
BBVA
Banco Bilbao
22.28
8.36
60.08%
BCS
Barclays
23.71
7.34
44.79%
ING
ING Groep
30.12
10.33
52.17%
NWG
NatWest Group
15.83
3.65
29.95%
SAN
Banco Santander SA
12.28
4.98
68.31%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.