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AMP LimitedASX:AMP Stock Report

Market Cap AU$4.0b
Share Price
AU$1.60
AU$1.71
6.2% undervalued intrinsic discount
1Y22.1%
7D2.2%
1D
Portfolio Value
View

AMP Limited

ASX:AMP Stock Report

Market Cap: AU$4.0b

AMP (AMP) Stock Overview

Provides banking, super, and retirement services in Australia and New Zealand. More details

AMP fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance2/6
Financial Health0/6
Dividends1/6

AMP Community Fair Values

Create Narrative

See what 22 others think this stock is worth. Follow their fair value or set your own to get alerts.

AMP Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for AMP
Historical stock prices
Current Share PriceAU$1.60
52 Week HighAU$2.01
52 Week LowAU$1.14
Beta0.32
1 Month Change11.50%
3 Month Change17.65%
1 Year Change22.14%
3 Year Change50.23%
5 Year Change36.17%
Change since IPO-93.04%

Recent News & Updates

Narrative Update May 14

AMP: Future Returns Will Depend On Buybacks And Execution Risk Pricing

Narrative Update on AMP Analysts have nudged their AMP price targets higher by low double digit A$ amounts, citing updated models that reflect a slightly higher fair value estimate, modest tweaks to revenue and margin assumptions, and refreshed P/E expectations across recent research reports. Analyst Commentary Recent Street research on AMP presents a mixed picture, with several bullish analysts lifting price targets by single to low double digit US$ amounts and others trimming targets by larger US$ amounts.
Narrative Update Apr 25

AMP: Future Upside Will Rely On Buybacks Supporting Earnings Quality

The updated analyst price target for AMP reflects a modest uplift of A$0.06, with recent Street research citing recalibrated P/E assumptions and mixed views on revenue trends and profitability as key factors behind the change. Analyst Commentary Recent Street research on AMP points to an active debate around valuation, with several price target adjustments in both directions and a mix of ratings around the middle of the scale.
Narrative Update Apr 11

AMP: Future Upside Will Depend On Buybacks And Margin Resilience

Analysts have trimmed their average price target on AMP by about A$0.02, reflecting slightly lower fair value estimates and profit margin expectations, while still referencing a mix of recent target cuts and raises from major firms as context for the updated view. Analyst Commentary Recent Street research on AMP points to a mixed but constructive debate, with several firms adjusting price targets and ratings in different directions.
Narrative Update Mar 28

AMP: Future Upside Will Rely On Capital Returns And Margin Resilience

Analysts have raised their AMP price target by A$0.01, reflecting updated assumptions that include slightly softer revenue growth, a modestly lower profit margin, and a small upward adjustment to the forward P/E multiple. Analyst Commentary Recent research on AMP has focused on how the updated revenue and margin assumptions line up with the current valuation, especially given the small uplift to the forward P/E multiple.

Recent updates

Narrative Update May 14

AMP: Future Returns Will Depend On Buybacks And Execution Risk Pricing

Narrative Update on AMP Analysts have nudged their AMP price targets higher by low double digit A$ amounts, citing updated models that reflect a slightly higher fair value estimate, modest tweaks to revenue and margin assumptions, and refreshed P/E expectations across recent research reports. Analyst Commentary Recent Street research on AMP presents a mixed picture, with several bullish analysts lifting price targets by single to low double digit US$ amounts and others trimming targets by larger US$ amounts.
Narrative Update Apr 25

AMP: Future Upside Will Rely On Buybacks Supporting Earnings Quality

The updated analyst price target for AMP reflects a modest uplift of A$0.06, with recent Street research citing recalibrated P/E assumptions and mixed views on revenue trends and profitability as key factors behind the change. Analyst Commentary Recent Street research on AMP points to an active debate around valuation, with several price target adjustments in both directions and a mix of ratings around the middle of the scale.
Narrative Update Apr 11

AMP: Future Upside Will Depend On Buybacks And Margin Resilience

Analysts have trimmed their average price target on AMP by about A$0.02, reflecting slightly lower fair value estimates and profit margin expectations, while still referencing a mix of recent target cuts and raises from major firms as context for the updated view. Analyst Commentary Recent Street research on AMP points to a mixed but constructive debate, with several firms adjusting price targets and ratings in different directions.
Narrative Update Mar 28

AMP: Future Upside Will Rely On Capital Returns And Margin Resilience

Analysts have raised their AMP price target by A$0.01, reflecting updated assumptions that include slightly softer revenue growth, a modestly lower profit margin, and a small upward adjustment to the forward P/E multiple. Analyst Commentary Recent research on AMP has focused on how the updated revenue and margin assumptions line up with the current valuation, especially given the small uplift to the forward P/E multiple.
Narrative Update Mar 13

AMP: Future Upside Will Rely On Earnings Mix And Margin Resilience

Narrative Update on AMP Analyst Price Target The analyst price target for AMP has been revised slightly lower, with the change reflecting updated views on fair value, revenue trends, profit margins, and a modestly reduced future P/E, as analysts reference recent research that includes higher A$ price targets and an upgrade from multiple firms. Analyst Commentary Recent research coverage on Ameriprise has focused on refreshed price targets and an upgrade.
Narrative Update Feb 26

AMP: Future Upside Will Depend On Earnings Mix And Expense Discipline

Analysts have trimmed their fair value estimate for AMP from A$1.92 to A$1.68, citing updated assumptions around softer revenue, a slightly higher profit margin and a lower future P/E multiple. Analyst Commentary Recent Street research on Ameriprise gives a useful read-across for how analysts are thinking about wealth and asset managers in general, which can help frame expectations for AMP.
Narrative Update Feb 11

AMP: Future Upside Will Rely On Earnings Mix And Expense Discipline

Analysts have adjusted their AMP price target slightly to A$1.92 from A$1.94, reflecting updated views on discount rates, revenue trends and profit margins, while keeping future P/E expectations broadly in line. Analyst Commentary Recent research on AMP and related peers highlights a mix of optimism around earnings resilience and cautious views on how much of that is already reflected in current valuations.
Narrative Update Jan 27

AMP: Future Returns Will Depend On Advisor Flows And Expense Discipline

Analysts have trimmed their price targets on Ameriprise to around $550, reflecting updated assumptions on fair value, P/E expectations, and advisor-related expenses following recent Q3 net flow trends. Analyst Commentary Bullish Takeaways Bullish analysts view the trimmed $550 price target as still implying potential upside relative to current trading levels, with updated assumptions intended to better reflect recent Q3 trends.
Narrative Update Jan 12

AMP: Future Returns Will Hinge On Advisor Flows And Distribution Expense Discipline

Analysts have reduced their price target on Ameriprise Financial to $550 from $601, citing recent Q3 net flow trends and steady but elevated distribution expenses as key factors behind the adjustment. Analyst Commentary Recent commentary around Ameriprise focuses on how Q3 net flows and distribution expenses could influence the company’s valuation and execution over the next few quarters.
Narrative Update Dec 27

AMP: Future Returns Will Depend On Advisor Flows And Distribution Expense Stability

Analysts have modestly reduced their price target on Ameriprise Financial to $550 from $601, reflecting caution around advisor-related net flows and distribution expense dynamics while maintaining a positive view on the shares. Analyst Commentary Analysts remain constructive on Ameriprise Financial following its Q3 results, but have tempered near term expectations as they reassess the balance between growth momentum and execution risk in the wealth management franchise.
Narrative Update Dec 12

AMP: Future Expense Stability Will Depend On Advisor Compensation And Net Flow Trends

Analysts have modestly reduced their price target on Ameriprise Financial to $550 from $601, citing recent Q3 results, advisor team departures affecting net flows, and expectations that distribution expense ratios will remain elevated in the 66% to 67% range. Analyst Commentary Analyst reactions to the updated price target reflect a balanced view of Ameriprise Financial's fundamentals, execution, and near term growth trajectory.
Analysis Article Dec 06

AMP Limited's (ASX:AMP) P/E Is On The Mark

When close to half the companies in Australia have price-to-earnings ratios (or "P/E's") below 21x, you may consider...
Narrative Update Nov 28

AMP: Future Expense Stability Will Rely On Advisor Retention Efforts

Analysts have lowered their price target for AMP from $601 to $550, citing concerns over recent team departures and resulting net flows. They also note that management's efforts to adjust compensation packages are expected to maintain the distribution expense ratio within the 66% to 67% range.
Narrative Update Nov 14

AMP: Recent Team Departures Will Challenge Expense Discipline Going Forward

Analysts have adjusted their price target for Ameriprise downward by $51, reflecting cautious sentiment following recent quarterly results and ongoing expense trends. Analyst Commentary Bullish Takeaways Bullish analysts maintain a positive rating on Ameriprise shares despite the lowered price target.
Narrative Update Oct 30

AMP: Legal Settlements And Improved Margins Will Shape Recovery Prospects

Analysts have raised their price target for AMP from $1.81 to $1.90. They cite an improved profit margin outlook and slightly reduced projected revenue decline as the reasons for the change.
Narrative Update Oct 16

Digital Transformation And Asia-Pacific Expansion Will Secure Future Value

Analysts have raised their price target for AMP Ltd from A$1.40 to A$1.60, citing improved cash flow performance and a modest increase in profit margins. However, ongoing uncertainty around class actions continues to weigh on sentiment.
Analysis Article Aug 10

AMP Limited's (ASX:AMP) 28% Jump Shows Its Popularity With Investors

ASX:AMP 1 Year Share Price vs Fair Value Explore AMP's Fair Values from the Community and select yours AMP Limited...
Narrative Update Aug 08

Digital Transformation And Asia-Pacific Expansion Will Secure Future Value

AMP's consensus price target has been modestly raised to A$1.76, primarily reflecting improved revenue growth forecasts and a slight increase in net profit margin. What's in the News RBC Capital raised its price target on Ameriprise to $595 from $565, citing strong Q2 market returns and compounding asset under management, but shows preference for firms with greater global AUM exposure (Periodicals—RBC Capital).
Analysis Article Jun 25

A Piece Of The Puzzle Missing From AMP Limited's (ASX:AMP) Share Price

With a median price-to-earnings (or "P/E") ratio of close to 18x in Australia, you could be forgiven for feeling...
Analysis Article Apr 08

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

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article Mar 04

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

AMP Limited ( ASX:AMP ) shareholders won't be pleased to see that the share price has had a very rough month, dropping...
User avatar
New Narrative Feb 23

Expansion Into Niche Markets And AI Initiatives Will Diversify Revenue Streams

Continued cost reductions and focus on efficiencies are anticipated to enhance net margins and earnings moving forward.
Analysis Article Apr 05

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

Key Insights AMP will host its Annual General Meeting on 12th of April Total pay for CEO Alexis George includes...
Analysis Article Feb 19

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

AMP Limited ( ASX:AMP ) has announced that it will pay a dividend of A$0.02 per share on the 4th of April. This means...

Shareholder Returns

AMPAU Diversified FinancialAU Market
7D2.2%0.7%0.08%
1Y22.1%14.0%3.1%

Return vs Industry: AMP exceeded the Australian Diversified Financial industry which returned 11.1% over the past year.

Return vs Market: AMP exceeded the Australian Market which returned 3.1% over the past year.

Price Volatility

Is AMP's price volatile compared to industry and market?
AMP volatility
AMP Average Weekly Movement4.5%
Diversified Financial Industry Average Movement6.9%
Market Average Movement10.4%
10% most volatile stocks in AU Market17.6%
10% least volatile stocks in AU Market4.4%

Stable Share Price: AMP has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: AMP's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18492,275Blair Vernonwww.amp.com.au

AMP Limited provides banking, super, and retirement services in Australia and New Zealand. The company operates through Platforms, Superannuation & Investments, AMP Bank, New Zealand Wealth Management (NZWM), and Group segments. It provides superannuation, retirement, and investment solutions; pension solutions; and AMP Super, a retail master trust.

AMP Limited Fundamentals Summary

How do AMP's earnings and revenue compare to its market cap?
AMP fundamental statistics
Market capAU$3.99b
Earnings (TTM)AU$133.00m
Revenue (TTM)AU$2.80b
30.0x
P/E Ratio
1.4x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AMP income statement (TTM)
RevenueAU$2.80b
Cost of RevenueAU$0
Gross ProfitAU$2.80b
Other ExpensesAU$2.66b
EarningsAU$133.00m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Aug 06, 2026

Earnings per share (EPS)0.053
Gross Margin100.00%
Net Profit Margin4.76%
Debt/Equity Ratio779.5%

How did AMP perform over the long term?

See historical performance and comparison

Dividends

2.5%
Current Dividend Yield
76%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/23 10:07
End of Day Share Price 2026/05/22 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 23 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew AdamsBarrenjoey Markets Pty Limited
Lafitani SotiriouBell Potter
Elisabeth Decou CliveBernstein