Financials AMP Limited

Equities

AMP

AU000000AMP6

Diversified Investment Services

Market Closed - Australian S.E. 02:10:12 2024-05-03 am EDT 5-day change 1st Jan Change
1.065 AUD -0.93% Intraday chart for AMP Limited -2.29% +14.52%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,545 5,358 3,297 3,999 2,559 2,857 - -
Enterprise Value (EV) 1 24,858 28,057 26,633 31,714 29,501 29,851 30,396 31,649
P/E ratio -2.41 x 30 x -13.3 x 11.1 x 10.2 x 17.6 x 13.2 x 9.55 x
Yield - 6.41% - 1.9% 4.84% 4.39% 5.7% 6.1%
Capitalization / Revenue 15.7 x 18.2 x 1.47 x 1.69 x 1.96 x 2.21 x 2.16 x 2.14 x
EV / Revenue 59.8 x 95.1 x 11.9 x 13.4 x 22.6 x 23.1 x 22.9 x 23.7 x
EV / EBITDA 8.19 x 54.7 x 36.3 x 94.1 x 93.4 x 103 x 86 x 80.7 x
EV / FCF -2.71 x -9.93 x 16.2 x 12.5 x -215 x 201 x 114 x 106 x
FCF Yield -36.9% -10.1% 6.16% 8% -0.46% 0.5% 0.88% 0.94%
Price to Book 1.34 x 1.25 x 0.83 x 0.96 x 0.66 x 0.73 x 0.71 x 0.69 x
Nbr of stocks (in thousands) 3,417,764 3,434,473 3,263,979 3,041,014 2,751,664 2,682,513 - -
Reference price 2 1.915 1.560 1.010 1.315 0.9300 1.065 1.065 1.065
Announcement Date 2/12/20 2/10/21 2/9/22 2/15/23 2/13/24 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 416 295 2,241 2,369 1,308 1,292 1,325 1,334
EBITDA 1 3,036 513 733 337 316 290 353.5 392.1
EBIT 1 416 480 444 228 244 294.8 368.4 393.7
Operating Margin 100% 162.71% 19.81% 9.62% 18.65% 22.83% 27.8% 29.51%
Earnings before Tax (EBT) 1 -1,694 51 -326 -64 -70 252.8 344 421.3
Net income 1 -2,467 177 -252 387 265 156.4 212.3 287.8
Net margin -593.03% 60% -11.24% 16.34% 20.26% 12.11% 16.02% 21.58%
EPS 2 -0.7950 0.0520 -0.0760 0.1190 0.0910 0.0605 0.0808 0.1115
Free Cash Flow 1 -9,164 -2,825 1,640 2,536 -137 148.3 266 298
FCF margin -2,202.88% -957.63% 73.18% 107.05% -10.47% 11.48% 20.07% 22.34%
FCF Conversion (EBITDA) - - 223.74% 752.52% - 51.13% 75.24% 76%
FCF Conversion (Net income) - - - 655.3% - 94.82% 125.31% 103.53%
Dividend per Share 2 - 0.1000 - 0.0250 0.0450 0.0467 0.0607 0.0650
Announcement Date 2/12/20 2/10/21 2/9/22 2/15/23 2/13/24 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 128 135 160 181 1,134 1,109 1,260 668 640 639.5 660
EBITDA - - - - - - - - - - -
EBIT 1 128 - - - 230 139 89 147 97 133 149.5
Operating Margin 100% - - - 20.28% 12.53% 7.06% 22.01% 15.16% 20.8% 22.65%
Earnings before Tax (EBT) - - - - - - - - - - -
Net income 1 -175 203 -26 146 -398 481 -94 261 4 71.5 85.5
Net margin -136.72% 150.37% -16.25% 80.66% -35.1% 43.37% -7.46% 39.07% 0.62% 11.18% 12.95%
EPS 2 -0.0110 - - - -0.1220 0.1450 -0.0260 0.0870 0.004000 0.0270 0.0330
Dividend per Share 2 - - - - - - 0.0250 0.0250 0.0200 0.0200 0.0275
Announcement Date 2/12/20 8/12/20 2/10/21 8/11/21 2/9/22 8/10/22 2/15/23 8/9/23 2/13/24 - -
1AUD in Million2AUD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 18,313 22,699 23,336 27,715 26,942 26,994 27,539 28,792
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.032 x 44.25 x 31.84 x 82.24 x 85.26 x 93.09 x 77.9 x 73.43 x
Free Cash Flow 1 -9,164 -2,825 1,640 2,536 -137 148 266 298
ROE (net income / shareholders' equity) 8.2% 6.3% 8.63% 4.51% 5% 5.63% 7.06% 7.24%
ROA (Net income/ Total Assets) 0.32% 0.2% 1.1% 0.55% 0.77% 0.77% 0.89% 0.97%
Assets 1 -778,971 89,848 -22,909 70,608 34,411 20,294 23,844 29,827
Book Value Per Share 2 1.430 1.240 1.220 1.370 1.410 1.460 1.510 1.550
Cash Flow per Share 2 -2.930 -0.7900 0.5100 - -0.0400 0.0500 0.0900 0.1100
Capex 1 55 - - - 32 1,205 1,216 -
Capex / Sales 13.22% - - - 2.45% 93.3% 91.74% -
Announcement Date 2/12/20 2/10/21 2/9/22 2/15/23 2/13/24 - - -
1AUD in Million2AUD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
10
Last Close Price
1.065 AUD
Average target price
1.118 AUD
Spread / Average Target
+4.98%
Consensus
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