AMP Future Growth

Future criteria checks 2/6

AMP's revenue is forecast to decline at 18.1% per annum while its annual earnings are expected to grow at 12.1% per year. EPS is expected to grow by 14.1% per annum. Return on equity is forecast to be 7.7% in 3 years.

Key information

12.1%

Earnings growth rate

14.1%

EPS growth rate

Diversified Financial earnings growth	5.7%
Revenue growth rate	-18.1%
Future return on equity	7.7%
Analyst coverage	Good
Last updated	29 Apr 2025

Recent future growth updates

Recent updates

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For AMP Limited's (ASX:AMP) CEO For Now

Apr 05

AMP (ASX:AMP) Will Pay A Dividend Of A$0.02

Feb 19

Earnings and Revenue Growth Forecasts

ASX:AMP - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	1,314	298	268	267	7
12/31/2026	1,273	291	239	247	7
12/31/2025	1,246	217	221	252	7
12/31/2024	2,847	180	169	216	N/A
6/30/2024	3,092	70	835	855	N/A
3/31/2024	3,034	45	349	375	N/A
12/31/2023	2,730	125	-137	-105	N/A
6/30/2023	2,844	-41	178	219	N/A
3/31/2023	2,591	-20	556	591	N/A
12/31/2022	2,338	1	933	963	N/A
9/30/2022	2,301	-150	2,342	2,377	N/A
6/30/2022	2,258	-292	2,835	2,875	N/A
3/31/2022	2,364	-285	2,232	2,277	N/A
12/31/2021	2,469	-279	1,629	1,678	N/A
9/30/2021	2,719	-99	237	314	N/A
6/30/2021	2,968	80	-1,156	-1,050	N/A
3/31/2021	3,183	67	-1,990	-1,896	N/A
12/31/2020	3,397	53	-2,825	-2,742	N/A
9/30/2020	3,504	100	-4,142	-4,089	N/A
6/30/2020	3,611	147	-5,459	-5,436	N/A
3/31/2020	3,817	-858	-6,642	-6,603	N/A
12/31/2019	4,022	-1,864	-7,826	-7,771	N/A
9/30/2019	3,627	-1,941	-7,045	-6,989	N/A
6/30/2019	3,232	-2,018	-6,264	-6,208	N/A
3/31/2019	5,759	-995	-5,141	-5,094	N/A
12/31/2018	8,286	28	-4,018	-3,981	N/A
9/30/2018	13,152	273	N/A	-3,523	N/A
6/30/2018	18,018	518	N/A	-3,065	N/A
3/31/2018	18,229	683	N/A	-2,231	N/A
12/31/2017	18,439	848	N/A	-1,398	N/A
9/30/2017	17,376	213	N/A	-717	N/A
6/30/2017	16,313	-422	N/A	-36	N/A
3/31/2017	15,556	-383	N/A	70	N/A
12/31/2016	14,799	-344	N/A	175	N/A
9/30/2016	13,160	322	N/A	265	N/A
6/30/2016	11,521	988	N/A	355	N/A
3/31/2016	12,785	980	N/A	849	N/A
12/31/2015	14,049	972	N/A	1,342	N/A
9/30/2015	16,514	991	N/A	1,253	N/A
6/30/2015	18,979	1,009	N/A	1,163	N/A
3/31/2015	18,290	947	N/A	1,125	N/A
12/31/2014	17,600	884	N/A	1,086	N/A
9/30/2014	17,939	773	N/A	1,588	N/A
6/30/2014	18,277	661	N/A	2,089	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AMP's forecast earnings growth (12.1% per year) is above the savings rate (2.7%).

Earnings vs Market: AMP's earnings (12.1% per year) are forecast to grow faster than the Australian market (11.7% per year).

High Growth Earnings: AMP's earnings are forecast to grow, but not significantly.

Revenue vs Market: AMP's revenue is expected to decline over the next 3 years (-18.1% per year).

High Growth Revenue: AMP's revenue is forecast to decline over the next 3 years (-18.1% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AMP's Return on Equity is forecast to be low in 3 years time (7.7%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/10 02:34
End of Day Share Price	2025/05/09 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

AMP Limited is covered by 27 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Brett Le Mesurier	Axiome Equities
Russell Wright	Barclay Pearce Capital Pty Limited
Andrew Adams	Barrenjoey Markets Pty Limited

AMP Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target decreased by 8.6% to AU$1.37

Consensus EPS estimates fall by 12%

Price target increased by 7.0% to AU$1.42

Price target increased by 8.3% to AU$1.22

Consensus EPS estimates fall by 10%

Price target increased by 9.4% to AU$1.10

Recent updates

Price target decreased by 8.6% to AU$1.37

Consensus EPS estimates fall by 12%

If EPS Growth Is Important To You, AMP (ASX:AMP) Presents An Opportunity

Investors Give AMP Limited (ASX:AMP) Shares A 26% Hiding

Expansion Into Niche Markets And AI Initiatives Will Diversify Revenue Streams

Final dividend reduced to AU$0.01

Investor sentiment deteriorates as stock falls 21%

Mercer Reportedly Joins the Action on Insignia Financial

Full year 2024 earnings: EPS and revenues miss analyst expectations

AMP Limited, Annual General Meeting, Apr 11, 2025

First half dividend of AU$2.06 announced

Entireti Limited completed the acquisition of 70% stake in Hillross Financial Services Limited,Amp Financial Planning Pty Limited,Jigsaw Advice Solutions, Charter Financial Services Pty Ltd from AMP Limited (ASX:AMP).

AMP Reportedly May Look to Do Deal with Insignia Once Business Settles Down

Price target increased by 7.0% to AU$1.42

Investor sentiment improves as stock rises 21%

AMP Limited to Report Fiscal Year 2024 Results on Feb 13, 2025

Investor sentiment improves as stock rises 16%

First half dividend of AU$0.02 announced

Price target increased by 8.3% to AU$1.22

First half 2024 earnings released

Amp Limited Declares Interim Dividend, Payable on September 27, 2024

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For AMP Limited's (ASX:AMP) CEO For Now

Consensus EPS estimates fall by 10%

Upcoming dividend of AU$0.02 per share

AMP (ASX:AMP) Will Pay A Dividend Of A$0.02

Final dividend of AU$0.02 announced

New minor risk - Earnings quality

Price target increased by 9.4% to AU$1.10

Full year 2023 earnings: EPS exceeds analyst expectations

AMP Limited (ASX:AMP) announces an Equity Buyback for AUD 295 million worth of its shares.

High number of new directors

AMP Limited to Report First Half, 2024 Results on Aug 08, 2024

AMP Limited, Annual General Meeting, Apr 12, 2024

AMP Bank Limited and AMP Limited Announces Board Changes

Amp Announces Appointment of Kavita Mistry as Chief Technology Officer and Member of the Executive Committee

AMP Announces Settlement of Buyer of Last Resort Class Action Proceedings

AMP Appoints Melinda Howes as Group Executive Superannuation and Investments and Member of Group Executive Committee

AMP Limited Announces Resignation of Felicia Trewin as Chief Technology Officer

A private management group led by Matthew Rowe, Brad Ackermann and Andrew Row along with Pemba Capital Partners Pty Limited entered into an agreement to acquire SuperConcepts Pty Ltd from AMP Limited (ASX:AMP) for AUD 8 million.

AMP Limited Announces Chief Financial Officer Changes

AMP Limited Announces Ordinary Dividend for the Six Months Ended December 31, 2022, Payable on April 3, 2023

AMP Limited to Report First Half, 2023 Results on Aug 10, 2023

AMP Limited to Report Fiscal Year 2022 Results on Feb 16, 2023

AMP Limited Announces Chief Financial Officer Changes

AMP Limited Announces Resignation of Michael Hirst as Director

AMP Limited Declares Quarterly Dividend for the Period Ending September 15, 2022, Payable on September 16, 2022

Consensus forecasts updated

Consensus forecasts updated

Price target decreased to AU$1.21

Independent & Non-Executive Chairman recently bought AU$60k worth of stock

First half 2021 earnings released: EPS AU$0.043 (vs AU$0.023 in 1H 2020)

Consensus forecasts updated

Consensus forecasts updated

Consensus forecasts updated

Chief Investment Officer Debbie Alliston has left the company

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources