Australia's largest stock trading and investment forum Australia's #1 stock forum

AMP

Click for more information

0.46%

$1.10 amp limited

News: AMP Australia's AMP posts 53% rise in annual profit, page-28

First 28 Last

Share
Profile

Follow
efed

3,767 Posts.

251

10/02/22

16:41

Post #: 59490570
Share

Originally posted by madamswer: ↑

The result certainly looks like what the doctor ordered

But just be careful of capitalising AMP Banks latest Reported Underlying NPAT number, because it includes release of a $26m credit loss provision which was raised during the onset of Covid.

So the $153m NPAT number for AMP Banks should really be considered to be $127m on a normalised basis.

But even eliminating that hollow-log, is still a very good result from AMP Bank.

I think it could be worth $1.8bn.

And more importantly, a good result from the jewel in the crown, AMP Capital, which I think is worth $3.0bn to $3.5bn

So, those two alone are worth around $5.0bn

This compares to the current Enterprise Value of the group of $4.8bn ($3.3bn Market Cap and $1.5bn Corporate Debt)

Which means that the Australian and New Zealand Wealth Management businesses (which, net of all corporate overheads report, current NPAT of ~$50m pa) are being implicitly valued between minus $200m and $750m

If one placed a modest 12x P/E multiple on that $50m number, and combined it with the ~$5.0bn value for AMP Bank and AMP Capital, you get a target price of $1.30 for the stock:

View attachment 4080716

Expand

you did well now didn't you!

well done!

are you out?

AMP Price at posting: $1.07 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

STN

Saturn’s stars have aligned for the gold explorer’s Apollo Project

ITM

Fast-track assaying yields 182 g/t gold for iTech at new NT play

LLL

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

There are more pages in this discussion • 3 more messages in this thread...

First 28 Last

Add AMP (ASX) to my watchlist

(20min delay)
Last $1.10		Change 0.005(0.46%)		Mkt cap ! $2.873B

Open	High	Low	Value	Volume
$1.10	$1.10	$1.09	$7.936M	7.258M

Buyers (Bids)

No.	Vol.	Price($)
1	28889	$1.10

Sellers (Offers)

Price($)	Vol.	No.
$1.10	1633801	41

View Market Depth

No.	Vol.	Price($)
5	163172	1.090
9	270682	1.085
11	561288	1.080
8	225962	1.075
8	227532	1.070

Price($)	Vol.	No.
1.100	1453973	26
1.105	123096	5
1.110	163488	9
1.115	132433	7
1.120	191812	15

Last trade - 16.10pm 05/07/2024 (20 minute delay)

AMP (ASX) Chart