ANZ Group Holdings

AN3PI.AX

Banks - Diversified · Financial Services

Exchange

Australian Securities Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Growth

Weak

Valuation

Mixed

Dividends

Good

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Winston Score History

The full picture

ANZ Group Holdings is one of Australia's four largest banks. It offers everyday banking services like savings accounts, home loans, credit cards, and business loans to millions of customers across Australia, New Zealand, and parts of Asia. The bank also serves large corporations and governments through its institutional banking division.

ANZ makes money by charging interest on loans and collecting fees for financial services. It operates primarily in Australia and New Zealand, with a meaningful presence across roughly 30 countries in Asia and the Pacific. Its scale, long-standing customer relationships, and regulated banking licenses give it a durable competitive position in a market where new entrants face significant barriers. The key risk ANZ faces is exposure to Australia's housing market, where high household debt levels could lead to rising loan defaults if interest rates stay elevated or unemployment increases.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-11.4% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-0.8% YoY

YoY Growth Rate

Earnings declining

Insider Activity

0.2%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

A$1.3T cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

ANZ Group Holdings's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Bank Quality

Not applicable for this business.

Growth

Sales growth

Sales YoY

-8.1%

Shrinking sales (-8.1% YoY)

Profit growth

EPS YoY

-12.8%

Earnings shrinking (-12.8% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

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Capital Strength

Not applicable for this business.

Asset Quality

Not applicable for this business.

Valuation

Price vs profit

P/E Ratio (TTM)

19.0x

no trend

Fair value — P/E 19.0

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

4.38%

no trend

Healthy income — 4.38% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record

Dividend Growth

-7.4%

no trend

Dividend cut (-7.4% YoY) — warning sign

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