ANZ Group Holdings Limited (ANZ.AX) stock analysis

In our weekly check, ANZ Group Holdings Limited is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 13 pass, warnings: 3, red flags: 9.

About ANZ Group Holdings Limited

ANZ Group Holdings Limited is a Financial Services company (Banks - Diversified) based in Australia, listed on ASX as ANZ.AX.

What our checks show for ANZ.AX

Red flags

• The net margin fell by 17.8 points over 5 years, to 8.7%: the company keeps less of each sale as profit.
• The gross margin fell by 43.7 points, to 33.1%: costs are rising faster than prices.
• Analysts expect revenue to shrink about 29.6% a year.
• The dividend takes 110% of profit: little cushion if profit falls.
• The stock has fallen as much as 62% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 4.2 years.
• Return on capital (ROCE) is only 0.7%.

Warning signs

• Earnings per share fell 7.5% a year over the last 3 years.
• Net profit fell 6.1% a year over the last 3 years.
• The net margin is only 8.7%: little room if costs rise.

Strengths

• Operating cash flow is 4.43x net profit: the profit arrives as real cash.
• Analysts expect the net margin to improve by 25.1 points from today's 8.7%.
• Revenue grew 34.5% a year over the last 3 years.
• Free cash flow is 38.7% of revenue: cash for dividends, buybacks or growth.
• A large company: market value $84.85 billion.
• Beta 0.57: the stock usually moves less than the market.

Next earnings report: 2026-11-09

Similar companies

BMO · WBC.AX · BNS · NAB.AX · BBVA · CM

Questions

What grade does ANZ Group Holdings Limited (ANZ.AX) have?

In our weekly check, ANZ Group Holdings Limited is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 13 pass, warnings: 3, red flags: 9. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of ANZ.AX stock?

This week's biggest flags for ANZ Group Holdings Limited: Margins falling, Gross margin falling, Weak revenue forecast. In total 12 of 25 checks show a warning or a red flag.

What does ANZ Group Holdings Limited do?

ANZ Group Holdings Limited is a Financial Services company (Banks - Diversified) based in Australia, listed on ASX as ANZ.AX.

When does ANZ Group Holdings Limited report earnings next?

The next earnings report is expected on 2026-11-09. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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