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ANZ Group Holdings
(Sydney:ANZ)
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Rating:75Outperform
Price Target:
AU$42.00
▲(15.16% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by solid financial performance (strong cash flow and operating efficiency) and supportive technical momentum (price above major moving averages with positive MACD). Valuation is moderate: the dividend yield helps, but the P/E is not distinctly discounted.
Positive Factors
Strong cash generation
ANZ demonstrates robust free cash flow growth and a high operating cash flow to net income ratio, providing durable internal funding for lending, capital returns, and investment. Strong cash generation supports resilience through credit cycles and funds strategic initiatives without heavy external financing.
Negative Factors
Negative revenue trend
A recent decline in revenue reduces operational scale and constrains margin leverage. If revenue weakness persists it can impede investment in technology, limit fee income growth and increase reliance on margin expansion or cost cuts to sustain profits, pressuring long-term growth potential.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
ANZ demonstrates robust free cash flow growth and a high operating cash flow to net income ratio, providing durable internal funding for lending, capital returns, and investment. Strong cash generation supports resilience through credit cycles and funds strategic initiatives without heavy external financing.
Read all positive factors
ANZ Group Holdings (ANZ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$112.41B
Dividend Yield4.45%
Average Volume (3M)5.41M
Price to Earnings (P/E)18.8
Beta (1Y)1.24
Revenue Growth-5.34%
EPS Growth-13.04%
CountryAU
Employees40,072
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)1.98
Shares Outstanding3,015,920,000
10 Day Avg. Volume4,921,800
30 Day Avg. Volume5,408,936
Financial Highlights & Ratios
PEG Ratio-1.83
Price to Book (P/B)1.39
Price to Sales (P/S)1.46
P/FCF Ratio3.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$35.79Price Target Upside-1.86% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)2.46
Revenue Forecast (FY)AU$22.57B
ANZ Group Holdings Business Overview & Revenue Model
Company Description
ANZ Group Holdings Limited engages in the provision of banking and financial products and services to retail and business customers in Australia and internationally. The company operates through three segments: Personal, Business & Agri, and Insti...
How the Company Makes Money
ANZ primarily makes money by earning net interest income and charging fee and commission income across its banking franchises. (1) Net interest income: The core revenue driver is the spread between interest earned on assets (such as home loans, pe...
ANZ Group Holdings Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 63.54B | 67.44B | 64.92B | 53.52B | 27.74B | 23.21B |
| Gross Profit | 20.81B | 22.31B | 20.36B | 20.28B | 18.94B | 17.83B |
| EBITDA | 10.01B | 9.80B | 10.46B | 10.77B | 10.84B | 10.63B |
| Net Income | 5.90B | 5.89B | 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 | 174.28B | 122.72B | 112.99B | 146.44B | 157.53B | 141.89B |
| Total Debt | 259.27B | 219.82B | 303.64B | 150.08B | 134.00B | 212.82B |
| Total Liabilities | 1.24T | 1.23T | 1.16T | 1.04T | 1.02T | 915.18B |
| Stockholders Equity | 71.05B | 71.13B | 69.86B | 69.52B | 65.91B | 63.66B |
Cash Flow | ||||||
| Free Cash Flow | 18.03B | 26.11B | 9.95B | 5.88B | 19.52B | 43.81B |
| Operating Cash Flow | 19.06B | 26.11B | 9.95B | 6.49B | 20.18B | 43.82B |
| Investing Cash Flow | -54.25B | -23.94B | -42.12B | -10.69B | -1.82B | 10.26B |
| Financing Cash Flow | 12.31B | 612.00M | 17.91B | 4.38B | -2.35B | -9.67B |
ANZ Group Holdings Technical Analysis
Positive
36.47
Price Trends
35.65
Positive
35.79
Positive
35.86
Positive
Market Momentum
0.66
Negative
68.74
Neutral
91.79
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 36.47 is below the 20-day moving average (MA) of 36.75, above the 50-day MA of 35.65, and above the 200-day MA of 35.86, indicating a bullish trend. The MACD of 0.66 indicates Negative momentum. The RSI at 68.74 is Neutral, neither overbought nor oversold. The STOCH value of 91.79 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$112.41B | 18.84 | 8.30% | 4.55% | -5.34% | -13.04% | |
73 Outperform | AU$296.79B | 28.68 | 13.27% | 2.81% | 0.93% | 5.97% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | AU$93.14B | 19.80 | 13.72% | 2.74% | 4.80% | 30.56% | |
63 Neutral | AU$128.49B | 20.67 | 9.88% | 4.21% | -8.10% | -10.70% | |
57 Neutral | AU$6.63B | -76.40 | -1.25% | 5.70% | -2.90% | -117.39% | |
54 Neutral | AU$129.36B | 18.47 | 9.77% | 4.15% | -3.87% | 1.20% |
* Financial Sector Average
AU:ANZ
ANZ Group Holdings
38.11
8.50
28.68%
AU:BEN
Bendigo & Adelaide Bank
11.58
-0.24
-2.03%
AU:MQG
Macquarie Group Limited
267.25
59.42
28.59%
AU:NAB
National Australia Bank Limited
42.70
5.45
14.63%
AU:WBC
Westpac Banking
38.53
5.84
17.88%
AU:CBA
Commonwealth Bank of Australia
179.87
6.76
3.91%
ANZ Group Holdings Corporate Events
ANZ Tightens Securities Trading Policy to Bolster Market Integrity
Aug 5, 2026
ANZ Group Holdings has updated its Trading in ANZ Securities Policy to tighten internal controls on how staff trade in its securities. The refreshed framework reinforces existing prohibitions on insider trading, aligns with Australian corporate an...
ANZ Director Paul O’Sullivan Lifts Indirect Shareholding via On-Market Trade
Aug 4, 2026
ANZ director Paul Dominic O’Sullivan has increased his indirect holding of ANZ ordinary shares through on-market purchases executed via custodian accounts. The transaction involved the acquisition of 3,056 shares at an average price of $37.6...
ANZ Takes Full Control of ANZ Worldline Merchant Payments Business
Jul 31, 2026
ANZ Group Holdings has completed the acquisition of Worldline S.A.’s 51 percent stake in Worldline Australia Pty Ltd, giving it full ownership of the ANZ Worldline merchant payments business for an enterprise value of $89 million on a 51 per...
ANZ Director Scott St John Increases Indirect Shareholding Through On‑Market Trade
Jul 27, 2026
ANZ has disclosed a change in director Scott Andrew St John’s relevant interests in its ordinary shares, in line with ASX listing rules and the Corporations Act. The notice shows that his indirect holding in ANZ Group Holdings Limited and Au...
ANZ Appoints Rachel Slade to Board, Discloses No Initial Security Interests
Jul 14, 2026
ANZ Group Holdings has announced the appointment of Rachel Alicia Slade as a director, effective 13 July 2026, with the required initial director’s interest notice lodged with the ASX. The filing confirms that Slade currently holds no releva...
ANZ Group Reports Lapse of 116,973 Conditional Rights
Jul 7, 2026
ANZ Group Holdings has reported the lapse of 116,973 options or rights (ASX code ANZAA) after the conditions attached to these equity instruments were not satisfied or became incapable of being satisfied, effective 30 June 2026. The cessation of t...
ANZ Discloses Update to Director Scott St John’s Shareholding
Jul 7, 2026
ANZ Group Holdings has disclosed a change in director Scott Andrew St John’s indirect interest in ANZ ordinary shares. The update shows an increase of 94 shares, bringing his total indirect holding to 4,094 shares.The additional shares were ...
ANZ updates dividend terms, DRP and BOP participation details
Jun 1, 2026
ANZ Group Holdings Limited has updated details of its latest six‑month dividend on ordinary fully paid shares for the period ended 31 March 2026, including the dividend reinvestment plan (DRP) and bonus option plan (BOP) share price of A$35....
ANZ New Zealand Appeals High Court Ruling in Consumer Credit Class Action
May 29, 2026
ANZ Bank New Zealand Limited, a subsidiary of ANZ Group Holdings, has confirmed it will appeal a New Zealand High Court summary judgment issued against the bank in early May 2026. The judgment relates to a class action brought under the New Zealan...
ANZ Director Paul O’Sullivan Increases Indirect Shareholding via On-Market Trade
May 26, 2026
ANZ Group Holdings has disclosed a change in the indirect shareholding of director Paul Dominic O’Sullivan, who increased his beneficial interest in ANZ ordinary shares via custodian-held accounts. Following an on-market purchase of 3,247 AN...
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.