Why Fundamental Investors Love Australia and New Zealand Banking Group Limited (ASX:ANZ)

I’ve been keeping an eye on Australia and New Zealand Banking Group Limited (ASX:ANZ) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe ANZ has a lot to offer. Basically, it is a financially-robust , dividend-paying company with a a great history of performance. Below, I’ve touched on some key aspects you should know on a high level. For those interested in understanding where the figures come from and want to see the analysis, take a look at the report on Australia and New Zealand Banking Group here.

Excellent balance sheet established dividend payer

ANZ delivered a bottom-line expansion of 25.23% in the prior year, with its most recent earnings level surpassing its average level over the last five years. Not only did ANZ outperformed its past performance, its growth also exceeded the Banks industry expansion, which generated a 8.48% earnings growth. This is an optimistic signal for the future.

ASX:ANZ Income Statement Jun 19th 18

For those seeking income streams from their portfolio, ANZ is a robust dividend payer as well. Over the past decade, the company has consistently increased its dividend payout, reaching a yield of 6.00%, making it one of the best dividend companies in the market.

ASX:ANZ Historical Dividend Yield Jun 19th 18

Next Steps:

For Australia and New Zealand Banking Group, I’ve put together three pertinent aspects you should further examine:

1. Future Outlook: What are well-informed industry analysts predicting for ANZ’s future growth? Take a look at our free research report of analyst consensus for ANZ’s outlook.

2. Valuation: What is ANZ worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether ANZ is currently mispriced by the market.

3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of ANZ? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned.