Australia and New Zealand Banking Group

AN3PL.AX

Banks · Financial Services

Price

A$105.97

+0.24 (+0.23%)

Market Cap

A$303.71B

Exchange

Australian Securities Exchange

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Mar 31, 2024

How the score breaks down

Growth

Mixed

Valuation

Weak

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Winston Score History

The full picture

Australia and New Zealand Banking Group (ANZ) is one of the four largest banks in Australia. 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. ANZ is one of the "Big Four" Australian banks, giving it a dominant position in a market with high barriers to entry.

ANZ makes money by charging interest on loans and collecting fees for banking services. It operates across Australia, New Zealand, and roughly 30 countries in the Asia-Pacific region, making it one of the more internationally exposed Australian banks. The bank's large customer base and established brand create a degree of loyalty, but its main risk is rising loan defaults if interest rates stay high and borrowers struggle to repay mortgages — a significant concern given Australia's high household debt levels.

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

+30.4% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-3.4% YoY

YoY Growth Rate

Earnings declining

R&D Spend

A$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

1.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

5+ years

Quarterly Free Cash Flow

↓ Burn rate worsening

A$454.8B cash & investments at current burn rate

Revenue accelerating

Australia and New Zealand Banking Group grew revenue 30% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

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.

Share count broadly stable

+0.2% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 3.23B (2020) → 3.23B (2024)

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

+50.5%

Fast-growing sales (+50.5% YoY)

Profit growth

EPS YoY

-4.1%

Earnings shrinking (-4.1% YoY)

Slight earnings drop. Typical near a cyclical low.

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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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)

45.7x

Expensive — P/E 45.7

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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