ANZ Group Holdings (ANZ) AI Stock Analysis

• Market Cap: $115.74B
• Dividend Yield: 4.51%
• Average Volume (3M): 5.19M
• Price to Earnings (P/E): 19.6
• Beta (1Y): 1.19
• Revenue Growth: 5.21%
• EPS Growth: -9.07%
• Country: AU
• Employees: 43,094
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Diversified
• EPS (TTM): 0.74
• Shares Outstanding: 2,983,520,300
• 10 Day Avg. Volume: 5,215,861
• 30 Day Avg. Volume: 5,190,211
• PEG Ratio: -1.75
• Price to Book (P/B): 1.31
• Price to Sales (P/S): 1.41
• P/FCF Ratio: 9.19
• Enterprise Value/Market Cap: 2.78
• Enterprise Value/Revenue: 4.66
• Enterprise Value/Gross Profit: -26.38
• Enterprise Value/Ebitda: 32.69
• 1Y Price Target: $34.61
• Price Target Upside: -10.91% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 11
• EPS Forecast (FY): 2.41
• Revenue Forecast (FY): $22.71B

• Rating: 76 Outperform
• Price Target: AU$41.00 ▲(5.53% Upside)

ANZ Group Holdings demonstrates strong financial performance with a solid balance sheet and effective cash flow management. The technical analysis indicates strong momentum, although caution is advised due to overbought signals. The valuation is fair with an attractive dividend yield, making it a stable investment choice in the banking sector.

ANZ Group Holdings Business Overview & Revenue Model

Company Description

Australia and New Zealand Banking Group Limited provides various banking and financial products and services in Australia and internationally. Its Australia Retail division offers home and personal loans, deposits, and credit cards through the branch network, home loan specialists, contact centers, self-service channels, and third-party brokers, as well as financial planning services. Its Australia Commercial division provides asset financing for small business owners, medium and large commercial customers, high net worth individuals, and family groups. The company's Institutional division offers documentary trade, supply chain and commodity financing, cash management solutions, deposits, payments, and clearing services; loan syndication, loan structuring and execution, project and export finance, debt structuring and acquisition finance, and corporate advisory services, as well as loan products; and risk management services. It serves governments, and global institutional and corporate customers. The company's New Zealand division provides banking and wealth management services to consumer, and private banking and small business banking customers through its Internet and app-based digital solutions, network of branches, mortgage specialists, relationship managers, and contact centers; and traditional relationship banking and financial solutions for small, medium, and large enterprises, agricultural business segments, and government and government-related entities. Its Pacific division offers retail products, and traditional relationship banking and financial solutions. This division serves retail customers, small to medium-sized enterprises, institutional customers, and governments. The company was founded in 1835 and is based in Melbourne, Australia.

How the Company Makes Money

ANZ generates revenue primarily through interest income, which comes from lending activities in retail and commercial banking. The bank earns interest from loans provided to personal and business customers, which is a significant revenue stream. Additionally, ANZ generates fee income from various services, including account maintenance fees, transaction fees, and commissions from financial products. Another important revenue source is wealth management services, which encompass investment management and financial advisory services. ANZ also engages in partnerships with other financial institutions and technology companies to enhance its service offerings and expand its customer base. Moreover, factors such as interest rate fluctuations, economic conditions, and regulatory changes can influence the bank's earnings.

ANZ Group Holdings Financial Statement Overview

Summary

ANZ Group Holdings exhibits a robust financial position with consistent revenue growth and strong cash flow. The balance sheet is solid with low leverage, enhancing financial stability. While profitability dipped slightly in the latest year, the overall financial health remains strong, supported by effective cash flow management and a stable equity base.

Income Statement

ANZ Group Holdings shows a consistent revenue growth over the years, except for a drop in 2020. The gross profit margin remains stable as the gross profit equals total revenue. The net profit margin has slightly decreased from 2023 to 2024, indicating a minor dip in profitability. The absence of EBIT and EBITDA in 2024 affects the analysis of operational efficiency.

Balance Sheet

The company's balance sheet reflects strong equity with a healthy equity ratio, as stockholders' equity forms a substantial part of total assets. The debt-to-equity ratio is low due to zero total debt in 2024, indicating financial stability. Return on equity is stable, showing consistent profitability relative to equity levels.

Cash Flow

Operating cash flow is strong, demonstrating effective cash generation from core business activities. Free cash flow has grown significantly, showcasing improved cash availability for business investments and shareholder returns. The ratios of operating and free cash flow to net income indicate strong cash flow management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	69.16B	64.92B	53.52B	27.74B	23.21B	30.02B
Gross Profit	-12.21B	20.36B	20.28B	18.94B	17.83B	30.02B
EBITDA	9.85B	10.46B	10.77B	10.84B	10.63B	0.00
Net Income	6.77B	6.54B	7.10B	7.12B	6.16B	3.58B
Balance Sheet
Total Assets	1.30T	1.23T	1.11T	1.09T	978.86B	1.04T
Cash, Cash Equivalents and Short-Term Investments	202.66B	112.99B	146.44B	157.53B	141.89B	-87.43B
Total Debt	231.51B	303.64B	150.08B	134.00B	212.82B	217.15B
Total Liabilities	1.23T	1.16T	1.04T	1.02T	915.18B	980.99B
Stockholders Equity	71.57B	69.86B	69.52B	65.91B	63.66B	61.29B
Cash Flow
Free Cash Flow	7.19B	9.95B	5.88B	19.52B	43.81B	8.74B
Operating Cash Flow	14.60B	9.95B	6.49B	20.18B	43.82B	9.33B
Investing Cash Flow	-69.59B	-42.12B	-10.69B	-1.82B	10.26B	-20.39B
Financing Cash Flow	112.16B	17.91B	4.38B	-2.35B	-9.67B	39.44B

ANZ Group Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 38.85
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ANZ, the sentiment is Positive. The current price of 38.85 is above the 20-day moving average (MA) of 37.09, above the 50-day MA of 35.02, and above the 200-day MA of 30.89, indicating a bullish trend. The MACD of 0.82 indicates Negative momentum. The RSI at 78.92 is Negative, neither overbought nor oversold. The STOCH value of 92.78 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ANZ.

ANZ Group Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ANZ	76 Outperform	$115.74B	19.60	7.92%	4.51%	5.21%	-9.07%
BEN	72 Outperform	AU$6.39B	-65.70	-1.23%	5.59%	5.39%	-117.83%
WBC	69 Neutral	$135.00B	19.57	9.08%	3.82%	1.57%	0.13%
CBA	69 Neutral	AU$291.08B	28.78	―	2.97%	6.39%	7.78%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
NAB	64 Neutral	AU$130.33B	19.31	10.36%	3.91%	-4.56%	-1.63%
MQG	56 Neutral	$75.29B	20.75	10.30%	3.17%	3.65%	1.58%

ANZ Group Holdings Corporate Events

ANZ Group’s 2025 AGM to Address Climate Commitments and Financing Alignment

ANZ Group Holdings Limited has announced a shareholder resolution to be considered at its 2025 Annual General Meeting, which focuses on the company’s climate commitments and customer transition plans. The resolution emphasizes the importance of aligning new or renewed financing for institutional energy customers with the Paris Agreement’s climate goals, ensuring that such customers have specific, time-bound transition plans by the end of 2025. This move reflects ANZ’s ongoing commitment to transparency and its role in supporting global climate objectives, potentially impacting its operations and stakeholder relations.

The most recent analyst rating on (AU:ANZ) stock is a Sell with a A$32.72 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.

ANZ Group Announces Key Shareholder Resolutions for 2025 AGM

ANZ Group Holdings Limited has announced shareholder resolutions for its 2025 Annual General Meeting, including a proposal to amend the company’s constitution to allow shareholder opinions and requests on director powers, a request for disclosure of the bank’s deforestation exposure through its agricultural financing, and a strategy to eliminate financed deforestation. These resolutions reflect ANZ’s ongoing commitment to transparency and environmental responsibility, potentially impacting its operational strategies and stakeholder relations.

The most recent analyst rating on (AU:ANZ) stock is a Sell with a A$32.72 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.

ANZ Group Holdings Finalizes Share Buy-Back Program

ANZ Group Holdings Limited announced the finalization of its share buy-back program, ceasing the remaining buy-back as of October 13, 2025. The company completed the buy-back of 39,465,384 ordinary fully paid securities, with a total consideration of AUD 1,174,816,106.36. This move is significant as it reflects ANZ’s strategic financial management and could impact shareholder value and market perception.

The most recent analyst rating on (AU:ANZ) stock is a Sell with a A$26.50 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.

ANZ Group Issues Unquoted Equity Securities for Employee Incentive

ANZ Group Holdings Limited announced the issuance of 117,056 unquoted equity securities as part of an employee incentive scheme. This move is likely aimed at enhancing employee engagement and aligning their interests with the company’s growth objectives, potentially impacting the company’s operational dynamics and stakeholder relations positively.

The most recent analyst rating on (AU:ANZ) stock is a Hold with a A$31.00 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.

ANZ Group Holdings Announces Cessation of Securities

ANZ Group Holdings Limited announced the cessation of 34,283 securities due to the lapse of conditional rights, as the conditions for these securities were not met by the end of September 2025. This announcement may impact the company’s issued capital and reflects the company’s ongoing management of its securities portfolio, which could have implications for its market positioning and stakeholder interests.

The most recent analyst rating on (AU:ANZ) stock is a Hold with a A$31.00 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.

ANZ Group Updates Shareholding Structure Under Regulatory Compliance

ANZ Group Holdings Limited has issued a notice in compliance with the Corporations Act Subsection 259C(2) exemption, detailing the aggregated percentage of voting shares controlled by its associated entities. The notice indicates a slight increase in the number of voting shares controlled, from 855,847 to 900,626, maintaining a 0.03% share of the total. This update reflects ANZ’s ongoing compliance with regulatory requirements and provides transparency to stakeholders regarding its shareholding structure.

The most recent analyst rating on (AU:ANZ) stock is a Hold with a A$32.50 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.

ANZ Group Launches Australian Dollar Debt Issuance Programme

ANZ Group Holdings has announced an Australian Dollar Debt Issuance Programme for the issuance of Medium Term Notes and Subordinated Medium Term Notes. This initiative is expected to enhance the company’s financial flexibility and support its strategic objectives, potentially impacting its market positioning positively and offering new opportunities for investors.

The most recent analyst rating on (AU:ANZ) stock is a Sell with a A$26.50 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.

ANZ Appoints Kevin Corbally as Managing Director of Capital Management

ANZ Group Holdings has announced the appointment of Kevin Corbally as Managing Director, Capital Management Institutional, stepping down from his role as Group Chief Risk Officer. Corbally, who has been instrumental in improving ANZ’s credit profile and navigating significant industry challenges, will now focus on enhancing capital management within the institutional business, reflecting ANZ’s strategic emphasis on strengthening its capital management capabilities.

The most recent analyst rating on (AU:ANZ) stock is a Hold with a A$27.41 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.

ANZ Releases APS 330 Pillar 3 Disclosure for June 2025

ANZ has released its APS 330 Pillar 3 Disclosure as of June 30, 2025, a regulatory requirement under the Basel III framework that aims to enhance transparency in the banking sector. This disclosure is crucial for stakeholders as it provides insights into the bank’s risk management practices, capital adequacy, and overall financial health, potentially impacting investor confidence and market positioning.

The most recent analyst rating on (AU:ANZ) stock is a Hold with a A$27.10 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.

ANZBGL Issues A$1.5 Billion in Subordinated Notes

ANZBGL has announced the issuance of A$1.5 billion in subordinated notes as part of its Australian dollar debt issuance program. The notes, which are due in 2040 and 2045, can be converted into ordinary shares of ANZ Group Holdings Limited if required by regulatory authorities. This move is not expected to materially impact the financial position of ANZBGL or ANZGHL, but it could increase shareholders’ equity if a conversion event occurs. The issuance is part of the company’s strategy to maintain regulatory capital requirements and ensure financial stability.

The most recent analyst rating on (AU:ANZ) stock is a Hold with a A$27.10 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.