ANZ GROUP FPO [ANZ] (ANZ.AX)

DDM Valuation · Financial Services · Banks - Diversified

Valuation as at 2026-08-14 · see also the ASX 300 Most Undervalued screen

About ANZ GROUP FPO [ANZ]

ANZ Group Holdings Limited engages in the provision of banking and financial products and services to retail and business customers in Australia and internationally. The company operates through three segments: Personal, Business & Agri, and Institutional. It offers banking and wealth management services to consumer and private banking customers; banking services to small and medium enterprises, and the agricultural business.

Source: Yahoo Finance company profile · factual description, not KashVector commentary

ANZ GROUP FPO [ANZ] ANZ.AX

Financial Services · Banks - Diversified

Price
$38.79
Market Cap
N/A
Dividend Yield
4.4%
Beta
0.57
P/E (TTM)
19.7x
52-Week Range
$32.39–$41.00

ANZ GROUP FPO [ANZ]'s price & financial trends

Annual reporting periods — this market does not have reliable quarterly data on Yahoo (either it isn't required, or coverage is incomplete), so annual is the most granular consistent series across free cash flow and dividends.

Data as at 2026-08-14

Share price · last 2 years

$38.79 +28% vs 2024-08
ASX 200 $30.40$30.62$29.16$34.20$36.65$38.79 2024-082025-012025-062025-112026-042026-08

Earnings per share (diluted) Per year

$1.97 -16% vs FY22
$2.33$2.27$2.15$1.97FY22FY23FY24FY25

Return on equity Per year

8.3% -23% vs FY22
10.8%10.2%9.4%8.3%FY22FY23FY24FY25

Dividend per share Per year

$1.44 +19% vs FY22
$1.21$1.34$1.62$1.44FY22FY23FY24FY25

Value investing scale · Buffett · Dalio · Graham

Partial Fit
8 / 17 combined score

3 criteria had no data

See the full Buffett, Dalio & Graham breakdown for ANZ.AX →

🏦 Bank/Insurer — valued with the Dividend Discount Model

DCF is not used for bank/insurer stocks: deposits or reserves are a raw material rather than funding, so there's no clean free cash flow. This valuation uses the Dividend Discount Model (DDM) instead.

P/B
1.64x
ROE
8.2%
Div Yield
4.4%

Intrinsic value estimate · 5-year forecast

BEAR
$22.98
vs current $38.79
-40.8% ❌ Overvalued
BASE
$27.43
vs current $38.79
-29.3% ❌ Overvalued
BULL
$33.63
vs current $38.79
-13.3% ⚠️ Fairly Valued

Assumptions used in this valuation

Every input below is either fetched live from Yahoo Finance or a documented default — nothing is hidden.

Risk-free rate
4.80% ● LIVE
Live 10-yr govt bond
Beta
0.57
Floored for non-US stocks
Equity risk premium
6.00%
Market-specific seed
Debt component
None
DDM discounts dividends at cost of equity only
Starting dividend (D0)
$1.66
Annual, per share
Projection horizon
5 years
+ terminal value beyond
BearBaseBull
Dividend growth0.3%0.7%1.0%
Terminal growth2.5%2.5%2.5%
Cost of equity9.23%8.23%7.23%

Cost of Equity (CAPM) = Risk-free rate + Beta × Equity Risk Premium = 4.80% + 0.57 × 6.00% = 8.23%

These numbers come from running ANZ GROUP FPO [ANZ]'s dividends through the mechanical DDM formula and assumptions above — not from any view on the news, management, or ANZ.AX's competitive position. What is DDM?

Want to test your own dividend growth or cost-of-equity assumptions?Open the full interactive calculator, pre-filled with ANZ.AX →

More ASX stocks we've valued

Not financial advice. DDM valuations are highly sensitive to assumptions — small changes in growth rate or discount rate produce large swings in output. This is a mechanical calculation, not a recommendation to buy, hold, or sell.

About this valuation

Computed on 2026-08-14 from Yahoo Finance data, using the same engine as the full DCF tool and the ASX 300 Most Undervalued screen. Every figure above is a point-in-time snapshot of that date — change any assumption yourself in the interactive tool for a live one.

Frequently asked questions

Is ANZ GROUP FPO [ANZ] (ANZ.AX) undervalued?

The Base-case DDM estimates intrinsic value at $27.43 vs a price of $38.79 on 2026-08-14 — a -29.3% margin, so the Base case reads overvalued. This is a mechanical output, not advice.