AGL ENERGY LIMITED (AGL)
Share Price Analysis and Chart

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AGL

AGL - AGL ENERGY LIMITED

FNArena Sector : Infrastructure & Utilities
Year End: June
GICS Industry Group : Utilities
Debt/EBITDA: 1.67
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

AGL Energy owns and operates several power stations and is developing several renewable energy projects. The company also supplies gas for residential and commercial use. AGL was the second company to list on the Sydney stock exchange in 1871.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$9.02

05 Nov
2026

-0.060

OPEN

$9.09

-0.66%

HIGH

$9.10

2,200,205

LOW

$8.96

TARGET
$9.506 5.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AIA . ALX . APA . CEN . CHI . DBI . DBI . GNE . GNP . LGI . MEZ . ORG . SRJ . TCL .
FNARENA'S MARKET CONSENSUS FORECASTS
AGL: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 112.4 85.7 xxx
DPS (cps) xxx 50.0 49.0 xxx
EPS Growth xxx N/A - 23.7% xxx
DPS Growth xxx 4.2% - 2.0% xxx
PE Ratio xxx N/A 10.5 xxx
Dividend Yield xxx N/A 5.4% xxx
Div Pay Ratio(%) xxx 44.5% 57.2% xxx

Dividend yield today if purchased 3 years ago: 4.72%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.53

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 25/08 - ex-div 26.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx112.4
DPS All xxxxxxxxxxxxxxx50.0
Sales/Revenue xxxxxxxxxxxxxxx13,590.0 M
Book Value Per Share xxxxxxxxxxxxxxx784.2
Net Operating Cash Flow xxxxxxxxxxxxxxx1,148.0 M
Net Profit Margin xxxxxxxxxxxxxxx5.56 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx14.92 %
Return on Invested Capital xxxxxxxxxxxxxxx8.86 %
Return on Assets xxxxxxxxxxxxxxx4.70 %
Return on Equity xxxxxxxxxxxxxxx14.92 %
Return on Total Capital xxxxxxxxxxxxxxx16.37 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-619.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx174 M
Long Term Debt xxxxxxxxxxxxxxx3,860 M
Total Debt xxxxxxxxxxxxxxx4,034 M
Goodwill - Gross xxxxxxxxxxxxxxx3,220 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx710 M
Price To Book Value xxxxxxxxxxxxxxx1.06

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx1,438.0 M
Capex % of Sales xxxxxxxxxxxxxxx10.58 %
Cost of Goods Sold xxxxxxxxxxxxxxx11,713 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx447 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx935 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.1

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

18/09/2026

5

Underweight

$8.28

-8.20%

Morgan Stanley notes FY27-to-date energy arbitrage margins have fallen sharply, with AGL Energy at $55/MWh versus $139/MWh in FY26 and Origin Energy ((ORG)) at $59/MWh versus $70/MWh.

AGL and Origin batteries are cycling 0.4–1.1 times per day at around 85% round-trip efficiency, with Origin's Eraring battery the standout at 89% efficiency and an annualised pre-tax energy arbitrage return on capex of around 4%.

While summer volatility should lift arbitrage spreads, the broker remains focused on a cyclically lower and flatter electricity price outlook, which is likely to generate negative FY28 EPS forecast revisions.

Morgan Stanley retains an Underweight rating and an In-Line industry view for AGL Energy and an $8.28 target price.

FORECAST
Morgan Stanley forecasts a full year FY27 dividend of 48.00 cents and EPS of 83.70 cents.
Morgan Stanley forecasts a full year FY28 dividend of 42.00 cents and EPS of 59.30 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY
Access Extra Coverage Research History >

AGL STOCK CHART

FNArena News on AGL

1
Next Week At A Glance – 9-13 Nov 2026

Nov 06 2026 - Weekly Reports
2
Next Week At A Glance – 2-6 Nov 2026

Oct 30 2026 - Weekly Reports
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Next Week At A Glance – 26-30 Oct 2026

Oct 23 2026 - Weekly Reports
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In Brief: Black Cat, Amplitude & Singular Health

Oct 02 2026 - Weekly Reports
5
ESG Focus: From Ambition To Monetisation

Sep 17 2026 - ESG Focus

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Origin Energy’s Dividend Appeal Attracts

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