AMP is focused on simplifying its business and reducing costs, with less emphasis on growth than historically. The advantages of AMP’s vertical integration have weakened, due to proactive regulatory scrutiny, expanding approved product lists, and more transparent product/fee disclosures.
AMP remains the second-largest advisor network in Australia and can leverage scale to offer its services at a relatively lower cost to customers.
Both the 2018 Royal Commission and bouts of turnover in AMP Capital since 2020 have materially reduced the competitive advantage of AMP’s brand and vertically integrated business model.
|
Metric
|
AMP
|
ANZ
|
WBC
|
|---|---|---|---|
Price/Earnings (Normalized) | 14.12 | 13.11 | 16.74 |
Price/Book Value | 0.94 | 1.30 | 1.52 |
Price/Sales | 2.70 | 4.88 | 5.84 |
Price/Cash Flow | 4.39 | 12.92 | 15.97 |
|
Metric
|
AMP
|
ANZ
|
WBC
|
|---|---|---|---|
Quick Ratio | 1.76 | — | — |
Current Ratio | 1.85 | — | — |
Interest Coverage | −0.11 | — | — |
|
Metric
|
AMP
|
ANZ
|
WBC
|
|---|---|---|---|
Return on Assets (Normalized) | 0.60% | 0.65% | 0.68% |
Return on Equity (Normalized) | 5.22% | 10.25% | 9.72% |
Return on Invested Capital (Normalized) | 0.19% | — | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| ORIX Corp
ORXCF
| — | Msx | $27.3 Bil | |||
| ORIX Corp ADR
IX
| — | Tjnsr | $27.3 Bil | |||
| Voya Financial Inc
VOYA
| — | Kjpg | $7.7 Bil | |||
| SBI Holdings Inc
SBHGF
| — | Kcqq | $7.0 Bil | |||
| Storebrand ASA ADR
SREDY
| — | Mlkl | $4.8 Bil | |||
| Mandatum PLC
MANDF
| — | Mqlk | $2.5 Bil | |||
| AMP Ltd
AMLTF
| — | Kqvx | $2.4 Bil | |||
| LendingTree Inc
TREE
| — | Xxwx | $752.8 Mil | |||
| Georgia Capital PLC
GRGCF
| — | Qwlgx | $452.7 Mil | |||
| B. Riley Financial Inc
RILY
| — | Gmyb | $160.7 Mil |
United States