Obermatt

AMP

ASX:AMP · AU000000AMP6
Diversified Financial ServicesMedium

360

30
Medium confidence — indicative
EV / EBIT1
Price / Owner Earnings18
Owner Earnings Yield30
Dividend Yield73
Price/Sales42
EV / Gross Profit20
Price/Book77
Returns on capital13
Profit margins74
Cash Conversion4
Accruals25
Owner Earnings Margin18
Sales growth31
Profit Growth72
Long-Term EPS Growth52
Owner Earnings Growth66
Reinvestment90
Price momentum68
Debt load1
Debt serviceability96
Liquidity21
Analyst ratings71
Opinion Changes18
Price Target Upside20
Market mood39
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

AMP clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryAustralia
IndustryDiversified Financial Services
SizeMedium
TypePublic Company
ExchangeASX
Founded1997
Employees2,685
Websiteamp.com.au
ISINAU000000AMP6
Last UpdateApr 2, 2026
Themes
BankingFinanceFinancial Services

Description

AMP Limited provides banking, super, retirement, and advice services in Australia and New Zealand. Business Segments The company’s primary operational segments include AMP Bank, Platforms, Master Trust, Advice, New Zealand Wealth Management (NZWM),…

Analysis

Hope premium

AMP Limited is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

On valuation, the picture is expensive. The owner-earnings multiple stands at 38.5×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 15% a year, against analyst forecasts of 8%. The gap between price and consensus is worth watching: demanding expectations.

Growth is moderate; the safety picture is adequate. The company scores 8/20 on our value-creation score: creating some value.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
63
2023202420252026

All-time high

63

Jun 2026

All-time low

7

Jan 2023

Average rank

30

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
42
50
64
74
Price/Earnings
57
38
32
56
Price/Book
77
67
83
82
Dividend Yield
73
35
71
65
Value (overall)
78
45
65
75

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →