Australia and New Zealand Banking Group
Australia and New Zealand Banking Group Limited provides various banking and financial products and services. The last earnings update was 78 days ago. More info.
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ANZ Share Price and Events
7 Day Returns
1 Year Returns
ANZ Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Australia and New Zealand Banking Group (ANZ) | -0.7% | -4.1% | 1.3% | -7.2% | 6.7% | -19.2% |
| AU Banks | -0.3% | -0.4% | 6.2% | -1.1% | 1.8% | -13.7% |
| AU Market | -0.1% | 2.4% | 6.5% | 5.2% | 19.8% | 11.8% |
1 Year Return vs Industry and Market
- ANZ underperformed the Banks industry which returned -1.1% over the past year.
- ANZ underperformed the Market in Australia which returned 5.2% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Australia and New Zealand Banking Group
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Australia and New Zealand Banking Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 10 analysts.
= Stable Book Value * Return on Equity = A$22.36 * 11.1% |
A$2.47 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 7 analysts. | A$22.36 |
| Discount Rate (Cost of Equity) | See below | 11.2% |
| Perpetual Growth Rate | 10-Year AU Government Bond Rate | 2.3% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year AU Govt Bond Rate | 2.3% |
| Equity Risk Premium | S&P Global | 6% |
| Banks Unlevered Beta | Simply Wall St/ S&P Global | 0.59 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.595 (1 + (1- 30%) (275.42%)) |
1.497 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.5 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.497 * 5.96%) |
11.23% |
Discounted Cash Flow Calculation for ASX:ANZ using Excess Returns Model Model
The calculations below outline how an intrinsic value for Australia and New Zealand Banking Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (11.1% – 11.23%) * A$22.36) |
A$-0.04 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= A$-0.04 / (11.23% - 2.31%) |
A$-0.44 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= A$22.36 + A$-0.44 |
A$21.93 |
| Calculation | Result | |
|---|---|---|
| Value per share (AUD) | From above. | A$21.93 |
| Current discount | Discount to share price of
A$27.12
= -1 x (A$27.12 - A$21.93) / A$21.93 |
-23.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Australia and New Zealand Banking Group is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Australia and New Zealand Banking Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Australia and New Zealand Banking Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in AUD | A$2.25 |
| ASX:ANZ Share Price ** | ASX (2019-07-18) in AUD | A$27.12 |
| Australia Banks Industry PE Ratio | Median Figure of 7 Publicly-Listed Banks Companies | 13.43x |
| Australia Market PE Ratio | Median Figure of 546 Publicly-Listed Companies | 16.19x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Australia and New Zealand Banking Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ASX:ANZ Share Price ÷ EPS (both in AUD) = 27.12 ÷ 2.25 |
12.07x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Australia and New Zealand Banking Group is good value based on earnings compared to the AU Banks industry average.
- Australia and New Zealand Banking Group is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does
Australia and New Zealand Banking Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 12.07x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts |
3.1%per year |
| Australia Banks Industry PEG Ratio | Median Figure of 7 Publicly-Listed Banks Companies | 3.88x |
| Australia Market PEG Ratio | Median Figure of 361 Publicly-Listed Companies | 1.34x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 12.07x ÷ 3.1% |
3.87x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Australia and New Zealand Banking Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Australia and New Zealand Banking Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in AUD | A$21.05 |
| ASX:ANZ Share Price * | ASX (2019-07-18) in AUD | A$27.12 |
| Australia Banks Industry PB Ratio | Median Figure of 7 Publicly-Listed Banks Companies | 1.29x |
| Australia Market PB Ratio | Median Figure of 1,693 Publicly-Listed Companies | 1.68x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ASX:ANZ Share Price ÷ Book Value per Share (both in AUD) = 27.12 ÷ 21.05 |
1.29x |
* Primary Listing of Australia and New Zealand Banking Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Australia and New Zealand Banking Group is good value based on assets compared to the AU Banks industry average.
Value checks
We assess Australia and New Zealand Banking Group's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) Australia and New Zealand Banking Group has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Australia and New Zealand Banking Group's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
- Australia and New Zealand Banking Group's earnings growth is positive but not above the Australia market average.
- Australia and New Zealand Banking Group's revenue growth is positive but not above the Australia market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| ASX:ANZ Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts | 3.1% |
| ASX:ANZ Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts | 0.5% |
| Australia Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 5.8% |
| Australia Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 2.2% |
| Australia Market Earnings Growth Rate | Market Cap Weighted Average | 7.3% |
| Australia Market Revenue Growth Rate | Market Cap Weighted Average | 3.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 13 Analyst Estimates (S&P Global) | See Below |
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-09-30 | ||||
| 2021-09-30 | 19,361 | 7,060 | 10 | |
| 2020-09-30 | 19,213 | 6,910 | 11 | |
| 2019-09-30 | 19,288 | 6,673 | 11 |
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 18,215 | 2,012 | 6,415 |
| 2018-12-31 | 18,679 | 186 | 6,755 |
| 2018-09-30 | 19,143 | -1,641 | 7,095 |
| 2018-06-30 | 19,179 | -5,975 | 7,214 |
| 2018-03-31 | 19,153 | -11,054 | 7,333 |
| 2017-12-31 | 18,677 | -8,956 | 6,839 |
| 2017-09-30 | 18,200 | -6,857 | 6,344 |
| 2017-06-30 | 18,162 | -5,613 | 6,125 |
| 2017-03-31 | 18,123 | -4,368 | 5,905 |
| 2016-12-31 | 18,370 | -8,328 | 5,807 |
| 2016-09-30 | 18,617 | -12,287 | 5,709 |
| 2016-06-30 | 19,103 | -9,512 | 6,217 |
*GAAP earnings excluding extraordinary items.
High Growth Checks
- Australia and New Zealand Banking Group's earnings are expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).
- Australia and New Zealand Banking Group's revenue is expected to grow by 0.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 13 Analyst Estimates (S&P Global) | See Below |
All data from Australia and New Zealand Banking Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-09-30 | ||||
| 2021-09-30 | 2.42 | 2.66 | 2.20 | 8.00 |
| 2020-09-30 | 2.37 | 2.53 | 2.18 | 9.00 |
| 2019-09-30 | 2.32 | 2.47 | 2.16 | 7.00 |
| Date (Data in AUD Millions) | EPS * |
|---|---|
| 2019-03-31 | 2.25 |
| 2018-12-31 | 2.35 |
| 2018-09-30 | 2.46 |
| 2018-06-30 | 2.49 |
| 2018-03-31 | 2.52 |
| 2017-12-31 | 2.35 |
| 2017-09-30 | 2.18 |
| 2017-06-30 | 2.11 |
| 2017-03-31 | 2.04 |
| 2016-12-31 | 2.01 |
| 2016-09-30 | 1.97 |
| 2016-06-30 | 2.17 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Australia and New Zealand Banking Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Australia and New Zealand Banking Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Australia and New Zealand Banking Group has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Australia and New Zealand Banking Group performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Australia and New Zealand Banking Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Australia and New Zealand Banking Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Australia and New Zealand Banking Group's 1-year earnings growth is negative, it can't be compared to the AU Banks industry average.
Earnings and Revenue History
All data from Australia and New Zealand Banking Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 18,215.00 | 6,415.00 | 8,151.00 | |
| 2018-12-31 | 18,679.00 | 6,755.00 | 8,187.00 | |
| 2018-09-30 | 19,143.00 | 7,095.00 | 8,223.00 | |
| 2018-06-30 | 19,179.00 | 7,214.00 | 7,754.00 | |
| 2018-03-31 | 19,153.00 | 7,333.00 | 7,759.00 | |
| 2017-12-31 | 18,676.50 | 6,838.50 | 8,036.50 | |
| 2017-09-30 | 18,200.00 | 6,344.00 | 8,314.00 | |
| 2017-06-30 | 18,161.50 | 6,124.50 | 8,511.50 | |
| 2017-03-31 | 18,123.00 | 5,905.00 | 8,709.00 | |
| 2016-12-31 | 18,370.00 | 5,807.00 | 8,870.00 | |
| 2016-09-30 | 18,617.00 | 5,709.00 | 9,031.00 | |
| 2016-06-30 | 19,102.50 | 6,217.00 | 9,056.50 | |
| 2016-03-31 | 19,588.00 | 6,725.00 | 9,082.00 | |
| 2015-12-31 | 19,749.50 | 7,108.50 | 9,033.00 | |
| 2015-09-30 | 19,911.00 | 7,492.00 | 8,984.00 | |
| 2015-06-30 | 19,832.50 | 7,436.50 | 8,780.50 | |
| 2015-03-31 | 19,754.00 | 7,381.00 | 8,577.00 | |
| 2014-12-31 | 19,398.00 | 7,323.00 | 8,403.00 | |
| 2014-09-30 | 19,042.00 | 7,265.00 | 8,229.00 | |
| 2014-06-30 | 18,508.00 | 7,012.00 | 8,140.00 | |
| 2014-03-31 | 17,974.00 | 6,759.00 | 8,051.00 | |
| 2013-12-31 | 17,654.00 | 6,531.50 | 7,936.50 | |
| 2013-09-30 | 17,334.00 | 6,304.00 | 7,822.00 | |
| 2013-06-30 | 16,953.00 | 5,988.00 | 7,721.00 | |
| 2013-03-31 | 16,572.00 | 5,672.00 | 7,620.00 | |
| 2012-12-31 | 16,538.50 | 5,661.00 | 7,625.00 | |
| 2012-09-30 | 16,505.00 | 5,650.00 | 7,630.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Australia and New Zealand Banking Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Australia and New Zealand Banking Group used its assets more efficiently than the AU Banks industry average last year based on Return on Assets.
- Unable to establish if Australia and New Zealand Banking Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Australia and New Zealand Banking Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Australia and New Zealand Banking Group has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Australia and New Zealand Banking Group Company Filings, last reported 3 months ago.
| Date (Data in AUD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 59,971.00 | 210,563.00 | 216,228.00 |
| 2018-12-31 | 59,971.00 | 210,563.00 | 216,228.00 |
| 2018-09-30 | 59,383.00 | 190,855.00 | 190,781.00 |
| 2018-06-30 | 59,383.00 | 190,855.00 | 190,781.00 |
| 2018-03-31 | 59,500.00 | 185,460.00 | 198,044.00 |
| 2017-12-31 | 59,500.00 | 185,460.00 | 198,044.00 |
| 2017-09-30 | 59,075.00 | 170,225.00 | 174,171.00 |
| 2017-06-30 | 59,075.00 | 170,225.00 | 174,171.00 |
| 2017-03-31 | 57,908.00 | 188,407.00 | 183,152.00 |
| 2016-12-31 | 57,908.00 | 188,407.00 | 183,152.00 |
| 2016-09-30 | 57,927.00 | 222,636.00 | 200,904.00 |
| 2016-06-30 | 57,927.00 | 222,636.00 | 200,904.00 |
| 2016-03-31 | 56,464.00 | 214,988.00 | 207,531.00 |
| 2015-12-31 | 56,464.00 | 214,988.00 | 207,531.00 |
| 2015-09-30 | 57,353.00 | 217,370.00 | 203,903.00 |
| 2015-06-30 | 57,353.00 | 217,370.00 | 203,903.00 |
| 2015-03-31 | 52,051.00 | 199,665.00 | 190,428.00 |
| 2014-12-31 | 52,051.00 | 199,665.00 | 190,428.00 |
| 2014-09-30 | 49,284.00 | 163,436.00 | 154,290.00 |
| 2014-06-30 | 49,284.00 | 163,436.00 | 154,290.00 |
| 2014-03-31 | 47,038.00 | 150,133.00 | 123,650.00 |
| 2013-12-31 | 47,038.00 | 150,133.00 | 123,650.00 |
| 2013-09-30 | 45,603.00 | 144,291.00 | 128,277.00 |
| 2013-06-30 | 45,603.00 | 144,291.00 | 128,277.00 |
| 2013-03-31 | 42,519.00 | 176,036.00 | 142,046.00 |
| 2012-12-31 | 42,519.00 | 176,036.00 | 142,046.00 |
| 2012-09-30 | 41,220.00 | 155,910.00 | 130,981.00 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- Australia and New Zealand Banking Group has an acceptable proportion of non-loan assets held.
- Australia and New Zealand Banking Group's liabilities are made up of primarily low risk sources of funding.
- Loans at Australia and New Zealand Banking Group are broadly funded by customer deposits.
- Australia and New Zealand Banking Group's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
- Unable to establish if Australia and New Zealand Banking Group has a sufficient allowance for bad loans without relevant financial data.
- Australia and New Zealand Banking Group has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess Australia and New Zealand Banking Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Australia and New Zealand Banking Group has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
A$2,000 of
Australia and New Zealand Banking Group
shares you are expected to receive
A$118
in your first year as a dividend.
Dividend Amount
- Australia and New Zealand Banking Group's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.51%).
- Australia and New Zealand Banking Group's dividend is above the markets top 25% of dividend payers in Australia (5.74%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 13 Analyst Estimates (S&P Global) | See Below |
| Australia Banks Industry Average Dividend Yield | Market Cap Weighted Average of 6 Stocks | 6% |
| Australia Market Average Dividend Yield | Market Cap Weighted Average of 415 Stocks | 4% |
| Australia Minimum Threshold Dividend Yield | 10th Percentile | 1.5% |
| Australia Bottom 25% Dividend Yield | 25th Percentile | 2.5% |
| Australia Top 25% Dividend Yield | 75th Percentile | 5.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in A$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-09-30 | 1.74 | 1.00 |
| 2021-09-30 | 1.66 | 12.00 |
| 2020-09-30 | 1.63 | 12.00 |
| 2019-09-30 | 1.60 | 12.00 |
| Date (Data in A$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-30 | 1.600 | 5.761 |
| 2018-10-30 | 1.600 | 6.149 |
| 2018-04-30 | 1.600 | 5.729 |
| 2017-12-01 | 1.600 | 5.701 |
| 2016-11-02 | 1.600 | 5.391 |
| 2016-03-16 | 1.908 | 7.515 |
| 2015-10-28 | 1.810 | 7.132 |
| 2014-11-10 | 1.780 | 5.583 |
| 2014-10-31 | 1.780 | 5.337 |
| 2014-04-30 | 1.740 | 5.274 |
| 2013-11-27 | 1.640 | 5.148 |
| 2013-05-30 | 1.520 | 5.069 |
| 2012-10-25 | 1.450 | 5.394 |
| 2012-05-02 | 1.420 | 6.113 |
| 2011-11-03 | 1.400 | 6.503 |
| 2011-05-03 | 1.380 | 6.605 |
| 2010-10-28 | 1.260 | 5.326 |
| 2010-05-06 | 1.080 | 4.727 |
| 2009-11-24 | 1.020 | 4.430 |
| 2009-04-29 | 1.200 | 6.292 |
| 2008-10-23 | 1.360 | 9.375 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Australia and New Zealand Banking Group's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.4x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
Income/ dividend checks
We assess Australia and New Zealand Banking Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Australia and New Zealand Banking Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Australia and New Zealand Banking Group has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | A$5,645,295 |
| AGE | 55 |
| TENURE AS CEO | 3.5 years |
CEO Bio
Mr. Shayne Cary Elliott, B.Com has been Chief Executive Officer and Executive Director of Australia and New Zealand Banking Group Limited since January 1, 2016 and served as its Member of Management Board. Mr. Elliott was appointed Chief Financial Officer at Australia and New Zealand Banking Group Limited since June 1, 2012 until December 31, 2015. Mr. Elliott was responsible for all aspects of Finance as well as Legal, Treasury and Investor Relations. Mr. Elliott has responsibility for Group Strategy and Mergers and Acquisitions. Prior to this role, Mr. Elliott served as Chief Executive Officer of Institutional from June 1, 2009 to 2012. Mr. Elliott joined ANZ in June 2009. Previously, he served as Chief Operating Officer of EFG Hermes Holding S.A.E., the largest investment bank in the Middle East. Mr. Elliott was previously with Citigroup where he held various senior positions across geographies and business sectors over the course of 20 years. He held during his time at Citigroup include: Chief Executive Officer Global Transaction Services Asia Pacific, Chief Executive Officer Corporate Bank Australia/New Zealand & Country Corporate Officer, Vice President Strategic Planning New York, Head of Investor Derivative Sales London and Head of New Zealand Derivatives Sales & Trading. He has been a Non Executive Director of ANZ Bank New Zealand Limited since August 11, 2009. He served as a Director of Australia and New Zealand Banking Group Limited. He served as a Non Independent & Non Executive Director of AMMB Holdings Berhad from June 18, 2013 to October 15, 2015. As a Director of the Financial Markets Foundation for Children since 2016, He contributes to the promotion of health and welfare of Australian children. He actively engages in the promotion of Australian economic growth, social progress and public policy development through membership of the Australian Banking Association since 2016 and its Chairman since 2017 and the Business Council of Australia since 2016
CEO Compensation
- Shayne's compensation has been consistent with company performance over the past year, both up more than 20%.
- Shayne's remuneration is about average for companies of similar size in Australia.
Management Team Tenure
Average tenure and age of the Australia and New Zealand Banking Group management team in years:
- The tenure for the Australia and New Zealand Banking Group management team is about average.
Management Team
Shayne Elliott
CEO & Executive Director
A$6M
55
3.5 yrs
Michelle Jablko
Chief Financial Officer
A$3M
46
3 yrs
Alexis George
Deputy CEO & Group Executive of Wealth Australia
A$2M
55
1.2 yrs
Kevin Corbally
Chief Risk Officer
A$1M
49
1.3 yrs
Mark Whelan
Group Executive of Institutional
A$3M
59
3.4 yrs
Craig Sims
Group General Manager of Operations & Services
3.5 yrs
David Fisher
Head of Technology
Lynwen Connick
Chief Information Security Officer
Jill Campbell
Group General Manager of Investor Relations
Bob Santamaria
Group General Counsel & Company Secretary
11.9 yrs
Board of Directors Tenure
Average tenure and age of the Australia and New Zealand Banking Group board of directors in years:
- The tenure for the Australia and New Zealand Banking Group board of directors is about average.
Board of Directors
David Gonski
Chairman of the Board
A$825K
65
5.2 yrs
Shayne Elliott
CEO & Executive Director
A$6M
55
3.5 yrs
Paula Dwyer
Independent Non Executive Director
A$365K
58
7.3 yrs
Graeme Liebelt
Independent Non-Executive Director
A$366K
65
6 yrs
Ilana Atlas
Independent Non Executive Director
A$345K
64
4.8 yrs
Jane Halton
Independent Non-Executive Director
A$298K
59
2.8 yrs
JT Macfarlane
Independent Non-Executive Director
A$319K
59
5.2 yrs
John Key
Independent Non-Executive Director
A$161K
57
1.4 yrs
Tony Carter
Independent Director of ANZ Bank New Zealand
61
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (A$) | Value (A$) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Australia and New Zealand Banking Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Australia and New Zealand Banking Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Do Directors Own Australia and New Zealand Banking Group Limited (ASX:ANZ) Shares?
Insider Ownership Of Australia and New Zealand Banking Group The definition of company insiders can be subjective, and does vary between jurisdictions. … Our information suggests that Australia and New Zealand Banking Group Limited insiders own under 1% of the company. … General Public Ownership The general public -- mostly retail investors -- own 82% of Australia and New Zealand Banking Group.
Simply Wall St - – Full articleIntroducing Australia and New Zealand Banking Group (ASX:ANZ), The Stock That Dropped 17% In The Last Five Years
Looking back five years, both Australia and New Zealand Banking Group's share price and EPS declined; the latter at a rate of 2.0% per year. … We note that for Australia and New Zealand Banking Group the TSR over the last 5 years was 8.4%, which is better than the share price return mentioned above. … We will like Australia and New Zealand Banking Group better if we see some big insider buys.
Simply Wall St - – Full articleSome Australia and New Zealand Banking Group (ASX:ANZ) Shareholders Are Down 24%
At this point some shareholders may be questioning their investment in Australia and New Zealand Banking Group Limited (ASX:ANZ), since the last five years saw the share price fall 24%. … See our latest analysis for Australia and New Zealand Banking Group. … During the unfortunate half decade during which the share price slipped, Australia and New Zealand Banking Group actually saw its earnings per share (EPS) improve by 1.1% per year.
Simply Wall St - – Full articleOur Take On Australia and New Zealand Banking Group Limited's (ASX:ANZ) CEO Salary
First, this article will compare CEO compensation with compensation at other large companies. … At the time of writing our data says that Australia and New Zealand Banking Group Limited has a market cap of AU$73b, and is paying total annual CEO compensation of AU$5.6m. … We looked at a group of companies with market capitalizations over AU$11b and the median CEO total compensation was AU$5.6m
Simply Wall St - – Full articleDoes Australia and New Zealand Banking Group Limited (ASX:ANZ) Have A Good P/E Ratio?
We'll show how you can use Australia and New Zealand Banking Group Limited's (ASX:ANZ) P/E ratio to inform your assessment of the investment opportunity. … Australia and New Zealand Banking Group has a price to earnings ratio of 10.84, based on the last twelve months. … How Do I Calculate Australia and New Zealand Banking Group's Price To Earnings Ratio
Simply Wall St - – Full articleHow Do Analysts See Australia and New Zealand Banking Group Limited (ASX:ANZ) Performing In The Next Couple Of Years?
In September 2018, Australia and New Zealand Banking Group Limited (ASX:ANZ) announced its most recent earnings update, whicha
Simply Wall St - – Full articleA Spotlight On Australia and New Zealand Banking Group Limited's (ASX:ANZ) Fundamentals
I've been keeping an eye on Australia and New Zealand Banking Group Limited (ASX:ANZ) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe ANZ has a lot to offer. … company with a
Simply Wall St - – Full articleHere's How P/E Ratios Can Help Us Understand Australia and New Zealand Banking Group Limited (ASX:ANZ)
To keep it practical, we'll show how Australia and New Zealand Banking Group Limited's (ASX:ANZ) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Australia and New Zealand Banking Group's P/E ratio is 10.59. … How Do You Calculate Australia and New Zealand Banking Group's P/E Ratio
Simply Wall St - – Full articleAustralia and New Zealand Banking Group Limited (ASX:ANZ): What Can We Expect In The Future?
On 30 September 2018, Australia and New Zealand Banking Group Limited (ASX:ANZ) announced its latest earnings update. … as a -3.5% fall in profits is expected in the upcoming year.
Simply Wall St - – Full articleAustralia and New Zealand Banking Group Limited (ASX:ANZ): What Can We Expect From This High Growth Stock?
Australia and New Zealand Banking Group Limited's (ASX:ANZ) latest earnings update in September 2018a
Simply Wall St - – Full articleCompany Info
Description
Australia and New Zealand Banking Group Limited provides various banking and financial products and services. The company’s Australia division offers retail products and services to consumers through the branch network, mortgage specialists, contact centers, and third party brokers, as well as self-service channels, such as Internet banking, phone banking, ATMs, Website, and digital banking; and banking products and financial services, including asset financing to medium to large commercial customers, agribusiness customers, small business owners, high net worth individuals, and family groups. Its Institutional division provides working capital and liquidity solutions, which include documentary trade, supply chain financing, commodity financing, cash management solutions, deposits, payments, and clearing; loan syndication, specialized 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 on foreign exchange, interest rates, credit, commodities, and debt capital markets. The company’s New Zealand division offers banking and wealth management services to consumer, and private banking and small business banking customers; and relationship banking and financial solutions to medium to large enterprises, and agricultural businesses. Its Wealth Australia division provides lenders mortgage insurance, share investing, financial planning, and general insurance distribution services. The company’s Asia Retail & Pacific division offers general banking and wealth management services to retail customers; and products and services to retail customers, small to medium-sized enterprises, institutional customers, and governments. Australia and New Zealand Banking Group Limited has operations in Australia, the Asia Pacific, Europe, the Americas, and New Zealand. The company was founded in 1835 and is headquartered in Docklands, Australia.
Details
| Name: | Australia and New Zealand Banking Group Limited |
| ANZ | |
| Exchange: | ASX |
| Founded: | 1835 |
| A$76,450,979,185 | |
| 2,811,731,489 | |
| Website: | http://www.anz.com |
| Address: |
Australia and New Zealand Banking Group Limited ANZ Centre Melbourne, Level 9, Docklands, Victoria, 3008, Australia |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ASX | ANZ | Ordinary Shares | Australian Securities Exchange | AU | AUD | 02. Jan 1980 | |
| OTCPK | ANEW.F | Ordinary Shares | Pink Sheets LLC | US | USD | 02. Jan 1980 | |
| DB | ANB | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1980 | |
| NZSE | ANZ | Ordinary Shares | New Zealand Stock Exchange | NZ | NZD | 02. Jan 1980 | |
| OTCPK | ANZB.Y | SPON ADR NPV (1 FOR 1 SHS) | Pink Sheets LLC | US | USD | 06. Dec 1994 | |
| DB | ANB1 | SPON ADR NPV (1 FOR 1 SHS) | Deutsche Boerse AG | DE | EUR | 06. Dec 1994 | |
| ASX | ANZPE | FRN CNV PERP AUD100 | Australian Securities Exchange | AU | AUD | 01. Apr 2014 |
Number of employees
Current staff
Industry
| Diversified Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/18 10:33 |
| End of day share price update: | 2019/07/18 00:00 |
| Last estimates confirmation: | 2019/07/14 |
| Last earnings filing: | 2019/05/01 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/09/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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 here.
