APA GROUP (APA)
Share Price Analysis and Chart

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APA

APA - APA GROUP

FNArena Sector : Infrastructure & Utilities
Year End: June
GICS Industry Group : Utilities
Debt/EBITDA: 7.08
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

APA Group owns and operates natural gas and electricity assets, while increasingly adding renewables. It is Australia's largest natural gas infrastructure business and one of few true local dividend champions. It listed in 2000.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$8.27

13 May
2025

-0.230

OPEN

$8.43

-2.71%

HIGH

$8.47

3,223,436

LOW

$8.23

TARGET
$7.806 -5.6% downside
OTHER COMPANIES IN THE SAME SECTOR
AGL . AIA . ALX . CEN . DBI . DBI . GNE . GNP . MEZ . ORG . SRJ . TCL .
FNARENA'S MARKET CONSENSUS FORECASTS
APA: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 77.3 15.7 xxx
DPS (cps) xxx 56.0 57.0 xxx
EPS Growth xxx 100.0% - 79.7% xxx
DPS Growth xxx 1.8% 1.8% xxx
PE Ratio xxx N/A 52.0 xxx
Dividend Yield xxx N/A 7.0% xxx
Div Pay Ratio(%) xxx 72.4% 363.1% xxx

Dividend yield today if purchased 3 years ago: 4.99%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.86

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: 30/12 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx77.3
DPS All xxxxxxxxxxxxxxx56.0
Sales/Revenue xxxxxxxxxxxxxxx3,015.0 M
Book Value Per Share xxxxxxxxxxxxxxx253.1
Net Operating Cash Flow xxxxxxxxxxxxxxx1,156.0 M
Net Profit Margin xxxxxxxxxxxxxxx32.44 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx37.92 %
Return on Invested Capital xxxxxxxxxxxxxxx7.09 %
Return on Assets xxxxxxxxxxxxxxx5.34 %
Return on Equity xxxxxxxxxxxxxxx37.92 %
Return on Total Capital xxxxxxxxxxxxxxx6.15 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-479.0 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx1,919 M
Long Term Debt xxxxxxxxxxxxxxx11,073 M
Total Debt xxxxxxxxxxxxxxx12,992 M
Goodwill - Gross xxxxxxxxxxxxxxx1,882 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx676 M
Price To Book Value xxxxxxxxxxxxxxx3.16

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1,096.0 M
Capex % of Sales xxxxxxxxxxxxxxx36.35 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,115 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx-15 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx482 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

0.3

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

26/02/2025

3

Hold

$7.21

-12.82%

APA Group's 1H25 EBITDA of $1.015bn beat Morgans' forecast of $987m, mainly due to some one-offs like insurance recovery and lease restructure.

The company maintained FY25 guidance at $1.960-2.02bn, and the broker upgraded its forecast to the top end of the range.

The company also reaffirmed FY25 dividend guidance at 57c, implying sub-inflation growth of 1.8%. Tax payments are expected to ramp up, which the broker notes is bad for valuation, dividend growth and credit metrics, but good for increased dividend franking.

The broker slightly upgraded its EBITDA, free cash flow and dividend forecasts over FY25-29. Target price lifts to $7.21 from $7.13, and Hold rating maintained.

FORECAST
Morgans forecasts a full year FY25 dividend of 57.00 cents and EPS of 15.00 cents.
Morgans forecasts a full year FY26 dividend of 58.00 cents and EPS of 23.00 cents.

UBS

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

Jarden

04/03/2025

2

Overweight

$8.50

2.78%

Jarden highlights concerns over APA Group raising equity to fund growth dissipated after the company said it could internally fund the -$1.8bn growth program.

The 1H25 EBITA was in line with the broker's estimate but net profit missed mainly due to the change in currency hedging strategy.,

The broker slightly revised up EBITDA forecasts for FY25-27, but net profit forecasts were cut on lower-than-expected finance income and higher DD&A expenses.

Target price lifts to $8.5 from $8.3 after the broker factored in below-CPI corporate cost growth (previous forecast 6.3%) following the company's guidance. Overweight rating maintained.

FORECAST
Jarden forecasts a full year FY25 dividend of 57.00 cents and EPS of 14.40 cents.
Jarden forecasts a full year FY26 dividend of 58.00 cents and EPS of 19.80 cents.
Access Extra Coverage Research History >

APA STOCK CHART

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