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AMP
(Sydney:AMP)
AMP (AMP) vs. S&P 500 (SPY)
AMP Business Overview & Revenue Model
AMP Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 856.00M | 2.98B | 1.55B | 1.65B | 2.50B | Gross Profit |
| 856.00M | 2.16B | 1.43B | 2.25B | 2.41B | EBIT |
| 0.00 | 1.71B | 572.00M | 15.00M | 480.00M | EBITDA |
| 1.92B | 1.11B | 547.00M | 179.00M | 590.00M | Net Income Common Stockholders |
| 150.00M | 265.00M | -16.00M | -252.00M | 177.00M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 7.18B | 1.44B | 1.82B | 2.92B | 2.43B | Total Assets |
| 33.16B | 33.88B | 34.95B | 32.20B | 32.15B | Total Debt |
| 28.71B | 28.92B | 29.53B | 26.25B | 25.13B | Net Debt |
| 27.34B | 27.48B | 27.71B | 23.34B | 22.70B | Total Liabilities |
| 29.51B | 30.00B | 30.77B | 28.22B | 27.88B | Stockholders Equity |
| 3.65B | 3.87B | 4.17B | 3.98B | 4.27B |
| Cash Flow | Free Cash Flow | |||
| 169.00M | -137.00M | 933.00M | 1.63B | -2.83B | Operating Cash Flow |
| 0.00 | -105.00M | 963.00M | 1.68B | -2.74B | Investing Cash Flow |
| -478.00M | 1.25B | -1.32B | -565.00M | 3.21B | Financing Cash Flow |
| 201.00M | -1.74B | -511.00M | -722.00M | -1.99B |
AMP Technical Analysis
AMP Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $32.54B | 12.34 | 17.21% | 4.15% | 6.01% | 31.57% | |
70 Outperform | $4.93B | 33.69 | 3.85% | 6.05% | 17.95% | -34.24% | |
70 Outperform | $21.92B | 15.54 | 9.52% | 4.39% | -11.75% | ― | |
64 Neutral | $12.64B | 9.74 | 8.05% | 17044.60% | 12.66% | -4.62% | |
55 Neutral | $72.36B | 20.25 | 10.82% | 3.33% | 6.29% | -12.85% | |
50 Neutral | $2.54B | ― | -7.21% | 2.45% | -8.26% | -259.91% | |
44 Neutral | $3.20B | 17.84 | 4.84% | 1.80% | 19.36% | 1261.54% |
AMP Earnings Call Summary
AMP Corporate Events
Pinnacle Investment Management Group Limited has become a substantial holder in AMP Limited, acquiring a 5.10% voting power through 129,070,526 ordinary fully paid shares. This acquisition marks a significant stake in AMP Limited, potentially influencing the company’s strategic decisions and impacting stakeholders by altering the dynamics of shareholder voting power.
AMP Limited reported strong growth in its Q1 2025 cashflows, with notable increases in platform net cashflows and a reduction in superannuation and investment outflows. Despite market volatility impacting assets under management, AMP continues to enhance its offerings with new digital solutions and innovative products like the MyNorth Lifetime platform. The company also launched a new digital bank to diversify its funding mix, which has received positive customer feedback. These strategic initiatives aim to strengthen AMP’s market position and drive future growth.
AMP Limited has announced a change in its interest in its own shares, with a slight decrease in the percentage of voting shares it controls. The company’s current interest in its shares is now at 1.04%, down from 1.06% as previously reported. This adjustment reflects changes in the voting power and derivative exposure of AMP’s controlled entities, which may impact the company’s strategic decisions and stakeholder interests.
AMP Limited held its Annual General Meeting on April 11, 2025, where several resolutions were put to shareholders and successfully carried. The meeting included the re-election of directors and approval of the CEO’s long-term incentive plan, indicating strong shareholder support for the company’s current leadership and strategic direction.
At the 2025 Annual General Meeting, AMP Limited’s Chair highlighted the company’s strategic focus on financial confidence and its successful financial performance in 2024. Despite market volatility due to geopolitical challenges, AMP remains committed to capital management, having returned $1.1 billion to shareholders through dividends and share buybacks. The Board aims to maintain a stable dividend policy and continues to enhance its capabilities in digital transformation and cyber risk, emphasizing diversity and renewal within its leadership.
AMP Limited announced the cessation of 286,099 securities due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This cessation may impact AMP’s issued capital and could have implications for stakeholders, reflecting on the company’s operational adjustments and market strategies.
AMP Limited has announced a change in the interests of a substantial holder, with State Street Corporation and its subsidiaries having altered their voting power in the company. This change reflects State Street’s ongoing management of its investment interests, impacting the voting dynamics within AMP Limited and potentially influencing future shareholder decisions.
AMP Limited has announced a new dividend distribution for its security, AMPPB, with a distribution amount of AUD 1.978 per unit. The distribution is related to a quarterly period ending on June 15, 2025, with the record date set for June 6, 2025, and payment to be made on June 16, 2025. This announcement reflects AMP’s ongoing commitment to providing returns to its stakeholders and may influence investor sentiment and market positioning.
AMP Limited has announced that its 2025 Annual General Meeting (AGM) will be held on April 11, 2025, at the Wesley Conference Centre in Sydney and online. This hybrid format allows shareholders to participate either in person or virtually, reflecting AMP’s commitment to accessibility and engagement with its stakeholders. The announcement includes details about the meeting’s logistics, such as the availability of the 2024 Annual Report and the 2025 Notice of Meeting on their website, which may impact shareholder participation and company transparency.
AMP Limited has announced a change in the director’s interest notice, specifically regarding Alexis Ann George. The change involves the allocation of 422,247 ordinary shares to Alexis Ann George following the vesting of an equal number of rights, as part of the CEO’s sign-on equity award. This adjustment increases her direct holding of ordinary shares to 2,628,002, while her rights decrease to 5,432,709. This change reflects the company’s ongoing management of executive compensation and equity awards, which can impact the company’s governance and stakeholder interests.
AMP Limited announced a change in the director’s interest, with Director Anna Leibel acquiring 35,469 ordinary shares on February 20, 2025, at an acquisition price of AUD 1.430 per share. This transaction increases her total holding to 69,443 shares, highlighting potential confidence in the company’s performance and strategic direction.
AMP Limited has announced a change in the director’s interest notice as Kathleen Anne Bailey-Lord acquired 28,571 ordinary shares through an on-market trade, increasing her total shareholding to 75,311 shares. This transaction underscores the director’s growing stake in the company, potentially signaling confidence in AMP Limited’s market positioning and future performance.
AMP Limited announced a change in the interests of its director, Andrew Hamilton Best, with an acquisition of 34,288 ordinary shares, bringing his total holdings to 232,000 shares. This on-market trade reflects confidence in the company’s prospects and may impact stakeholder perceptions regarding the company’s stability and growth potential.
AMP Limited has announced an update regarding its dividend distribution, specifically confirming the franking rate for its CAP NOTE 3-BBSW+4.50% PERP NON-CUM RED T-12-25 security. This update is a follow-up to a previous announcement made in December 2024, and it specifies the dividend distribution period ending on March 16, 2025, with a record date of March 7, 2025. The announcement may affect stakeholders’ financial planning and investment decisions related to AMP’s securities.
AMP Limited reported a 15.1% increase in underlying NPAT to $236 million for FY 24, driven by strong performance across its wealth businesses and strategic cost management. The company successfully completed the sale and transition of its Advice business and returned $1.1 billion in capital to shareholders. Despite a reduction in statutory NPAT due to business simplification costs, AMP’s wealth businesses have shown significant growth, with the AMP Bank launching a new digital platform. The company is positioning itself as a leader in retirement solutions and digital banking, reflecting a strategic focus on growth and innovation, supported by increased net cash flows, improved earnings per share, and a declared final dividend.
AMP Limited has announced a dividend distribution of AUD 0.01 per fully paid ordinary share, covering the six-month financial period ending on December 31, 2024. The ex-dividend date is set for February 28, 2025, with the record date on March 3, 2025, and payment to be made on April 3, 2025. This announcement reflects AMP’s ongoing commitment to returning value to its shareholders and could impact its financial positioning by influencing investor sentiment and stock performance.
AMP Limited reported a 5% increase in revenue from ordinary activities, reaching $2,869 million for the year ended 31 December 2024. However, the company’s net profit attributable to shareholders fell by 43% to $150 million. Despite the decrease in profit, AMP announced dividends with a final dividend of 1.0 cent per share and an interim dividend of 2.0 cents per share, both franked at 20%. Throughout the year, AMP underwent several changes in its controlled entities, reflecting strategic adjustments in its operations.