AMP (AMP Ltd) vs S&P/ASX 300 Comparison

AMP

S&P/ASX 300

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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AMP

S&P/ASX 300

Difference

1Y 3Y 5Y 10Y 15Y 20Y

AMP

S&P/ASX 300

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare

S&P/ASX 300

AMP

APO

BAJAJFINSV

8591

138040

Add Stock

1Y 3Y 5Y 10Y 15Y 20Y

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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AMP Ltd
Glance View

Market Cap

3.3B AUD

Industry

Financial Services

AMP Ltd, a prominent institution in Australia’s financial services sector, began its journey in 1849, initially as a mutual society providing life insurance. Its establishment aimed to offer financial security to Australians. Over time, AMP shifted gears, evolving into a diversified financial services powerhouse. Today, its operations span wealth management, banking, and investment services, painting a comprehensive picture of modern financial stewardship. AMP’s wealth management arm plays a crucial role, which involves managing superannuation and retirement savings for individuals, alongside advising and facilitating investments, helping clients grow their financial portfolios. The company's banking division complements this by offering a suite of retail banking services, including home and personal lending, deposits, and transactional accounts. Meanwhile, AMP Capital, its investment management arm, has a stronghold in managing assets across infrastructure, property, fixed income, and equities. It generates revenue through management fees from this portfolio. Through these layers of operations, AMP Ltd has created a multifaceted revenue model, balancing traditional banking with advanced investment services. Despite numerous hurdles in recent years, AMP continues to restructure and innovate, spearheading efforts to meet changing customer expectations in the financial industry.

View AMP Analysis

AMP Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

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ZA	F	FirstRand Ltd JSE:FSR	Select
US		Apollo Global Management Inc NYSE:APO	Select
IN		Housing Development Finance Corporation Ltd NSE:HDFC	Select
IN		Bajaj Finserv Ltd NSE:BAJAJFINSV	Select
JP		Orix Corp TSE:8591	Select
KR		Meritz Financial Group Inc KRX:138040	Select
US		Equitable Holdings Inc NYSE:EQH	Select
TW		Yuanta Financial Holding Co Ltd TWSE:2885	Select
IT		Banca Mediolanum SpA MIL:BMED	Select
US		Voya Financial Inc NYSE:VOYA	Select

ZA	F	FirstRand Ltd JSE:FSR	Add
US		Apollo Global Management Inc NYSE:APO	Add
IN		Housing Development Finance Corporation Ltd NSE:HDFC	Add
IN		Bajaj Finserv Ltd NSE:BAJAJFINSV	Add
JP		Orix Corp TSE:8591	Add
KR		Meritz Financial Group Inc KRX:138040	Add
US		Equitable Holdings Inc NYSE:EQH	Add
TW		Yuanta Financial Holding Co Ltd TWSE:2885	Add
IT		Banca Mediolanum SpA MIL:BMED	Add
US		Voya Financial Inc NYSE:VOYA	Add

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AMP

vs

S&P/ASX 300

Stocks Performance
AMP vs S&P/ASX 300

Performance Gap
AMP vs S&P/ASX 300

Performance By Year
AMP vs S&P/ASX 300

Competitors Performance
AMP Ltd vs Peers

AMP Ltd
Glance View

Company

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AMP vs S&P/ASX 300

Stocks Performance AMP vs S&P/ASX 300

Performance Gap AMP vs S&P/ASX 300

Performance By Year AMP vs S&P/ASX 300

Competitors Performance AMP Ltd vs Peers

AMP Ltd Glance View

Company

Help

Tools

Stocks

AMP

vs

S&P/ASX 300

Stocks Performance
AMP vs S&P/ASX 300

Performance Gap
AMP vs S&P/ASX 300

Performance By Year
AMP vs S&P/ASX 300

Competitors Performance
AMP Ltd vs Peers

AMP Ltd
Glance View