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Australia and New Zealand Banking Group

ASX:ANZ
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ANZ
ASX
A$76B
Market Cap
  1. Home
  2. AU
  3. Banks
Company description

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
-0.7%
ASX:ANZ
-0.3%
AU Banks
-0.1%
AU Market
1 Year Returns
-7.2%
ASX:ANZ
-1.1%
AU Banks
5.2%
AU Market
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.
Price Volatility
ANZ
Industry
5yr Volatility vs Market

Value

 Is Australia and New Zealand Banking Group undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Australia and New Zealand Banking Group.

ASX:ANZ Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for ASX:ANZ
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.

ASX:ANZ Value of Excess Returns
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
ASX:ANZ Discount to Share Price
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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
ASX:ANZ PE (Price to Earnings) Ratio Data Sources
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.

ASX:ANZ PE (Price to Earnings) Ratio Calculation
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?
Raw Data
ASX:ANZ PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

ASX:ANZ PEG (Price to Earnings to Growth) Ratio Calculation
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?
Raw Data
ASX:ANZ PB (Price to Book) Ratio Data Sources
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
ASX:ANZ PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Australia and New Zealand Banking Group's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. 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

 How is Australia and New Zealand Banking Group expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

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!
Annual Growth Rate
3.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Australia and New Zealand Banking Group expected to grow at an attractive rate?
  • 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
Raw Data
ASX:ANZ Future Growth Rates Data Sources
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
Raw Data
ASX:ANZ Analysts Growth Expectations Data Sources
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 numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:ANZ Future Estimates Data
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
ASX:ANZ Past Financials Data
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.

Super high growth metrics
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
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:ANZ 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.

ASX:ANZ Future Estimates Data
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
ASX:ANZ Past Financials Data
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%).
X
Future performance checks
We assess Australia and New Zealand Banking Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Australia and New Zealand Banking Group's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Australia and New Zealand Banking Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

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.

ASX:ANZ Past Revenue, Cash Flow and Net Income Data
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.
X
Past performance checks
We assess Australia and New Zealand Banking Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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

 How is Australia and New Zealand Banking Group's financial position? (This company is analysed differently as a bank or financial institution)

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.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Australia and New Zealand Banking Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
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.
Raw Data

All data from Australia and New Zealand Banking Group Company Filings, last reported 3 months ago.

ASX:ANZ Past Debt and Equity Data
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.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • 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%).
X
Financial health checks
We assess Australia and New Zealand Banking Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Australia and New Zealand Banking Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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

 What is Australia and New Zealand Banking Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.9%
Current annual income from Australia and New Zealand Banking Group dividends. Estimated to be 6.02% next year.
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
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
ASX:ANZ Annualized Past and Future Dividends
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.

ASX:ANZ Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-09-30 1.74 1.00
2021-09-30 1.66 12.00
2020-09-30 1.63 12.00
2019-09-30 1.60 12.00
ASX:ANZ Past Annualized Dividends Data
Date (Data in A$) 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).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Australia and New Zealand Banking Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Australia and New Zealand Banking Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Shayne Elliott
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:

3.4
Average Tenure
55
Average Age
  • The tenure for the Australia and New Zealand Banking Group management team is about average.
Management Team

Shayne Elliott

TITLE
CEO & Executive Director
COMPENSATION
A$6M
AGE
55
TENURE
3.5 yrs

Michelle Jablko

TITLE
Chief Financial Officer
COMPENSATION
A$3M
AGE
46
TENURE
3 yrs

Alexis George

TITLE
Deputy CEO & Group Executive of Wealth Australia
COMPENSATION
A$2M
AGE
55
TENURE
1.2 yrs

Kevin Corbally

TITLE
Chief Risk Officer
COMPENSATION
A$1M
AGE
49
TENURE
1.3 yrs

Mark Whelan

TITLE
Group Executive of Institutional
COMPENSATION
A$3M
AGE
59
TENURE
3.4 yrs

Craig Sims

TITLE
Group General Manager of Operations & Services
TENURE
3.5 yrs

David Fisher

TITLE
Head of Technology

Lynwen Connick

TITLE
Chief Information Security Officer

Jill Campbell

TITLE
Group General Manager of Investor Relations

Bob Santamaria

TITLE
Group General Counsel & Company Secretary
TENURE
11.9 yrs
Board of Directors Tenure

Average tenure and age of the Australia and New Zealand Banking Group board of directors in years:

5
Average Tenure
59
Average Age
  • The tenure for the Australia and New Zealand Banking Group board of directors is about average.
Board of Directors

David Gonski

TITLE
Chairman of the Board
COMPENSATION
A$825K
AGE
65
TENURE
5.2 yrs

Shayne Elliott

TITLE
CEO & Executive Director
COMPENSATION
A$6M
AGE
55
TENURE
3.5 yrs

Paula Dwyer

TITLE
Independent Non Executive Director
COMPENSATION
A$365K
AGE
58
TENURE
7.3 yrs

Graeme Liebelt

TITLE
Independent Non-Executive Director
COMPENSATION
A$366K
AGE
65
TENURE
6 yrs

Ilana Atlas

TITLE
Independent Non Executive Director
COMPENSATION
A$345K
AGE
64
TENURE
4.8 yrs

Jane Halton

TITLE
Independent Non-Executive Director
COMPENSATION
A$298K
AGE
59
TENURE
2.8 yrs

JT Macfarlane

TITLE
Independent Non-Executive Director
COMPENSATION
A$319K
AGE
59
TENURE
5.2 yrs

John Key

TITLE
Independent Non-Executive Director
COMPENSATION
A$161K
AGE
57
TENURE
1.4 yrs

Tony Carter

TITLE
Independent Director of ANZ Bank New Zealand
AGE
61
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess Australia and New Zealand Banking Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

Introducing 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 -

Some 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 -

Our 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 -

Does 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 -

How 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 -

A 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 -

Here'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 -

Australia 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 -

Australia 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 -

Company 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
Staff numbers
37,364
Australia and New Zealand Banking Group employees.
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.