KAROON ENERGY LIMITED (KAR)
Share Price Analysis and Chart

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KAR - KAROON ENERGY LIMITED

FNArena Sector : Crude Oil
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: 0.77
Index: ASX200 | ASX300 | ALL-ORDS

Karoon Energy is an Australian oil and gas explorer with operations in Australia, Peru and Bazil. It has been listed since 2004.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.355

21 Nov
2024

-0.010

OPEN

$1.38

-0.73%

HIGH

$1.39

1,867,508

LOW

$1.36

TARGET
$2.248 65.9% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ALD . BHP . BPT . BRU . CRD . CVN . FAR . HE8 . HZN . MAY . VEA .
FNARENA'S MARKET CONSENSUS FORECASTS
KAR: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 37.5 xxx
DPS (cps) 10.1 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 3.8 xxx
Dividend Yield 7.2% xxx
Div Pay Ratio(%) 26.9% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx60.8
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx1,244.1 M
Book Value Per Share xxxxxxxxxxxxxxx167.2
Net Operating Cash Flow xxxxxxxxxxxxxxx457.2 M
Net Profit Margin xxxxxxxxxxxxxxx29.67 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx42.40 %
Return on Invested Capital xxxxxxxxxxxxxxx26.53 %
Return on Assets xxxxxxxxxxxxxxx16.31 %
Return on Equity xxxxxxxxxxxxxxx42.40 %
Return on Total Capital xxxxxxxxxxxxxxx43.88 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-634.9 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx72 M
Long Term Debt xxxxxxxxxxxxxxx645 M
Total Debt xxxxxxxxxxxxxxx716 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx250 M
Price To Book Value xxxxxxxxxxxxxxx1.21

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx1,097.1 M
Capex % of Sales xxxxxxxxxxxxxxx88.18 %
Cost of Goods Sold xxxxxxxxxxxxxxx517 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx87 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

0.8

No. Of Recommendations

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

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

25/10/2024

1

Buy

$2.20

62.36%

Citi updates forecasts following Karoon Energy's 3Q results. The broker's positive short term trading view on Karoon Energy stock expires on November 24. Target is reduced to $2.10 from $2.20. Buy.

A summary of the analysts' initial thoughts in yesterday's research follows.

In an initial view, Citi believes Karoon Energy's Q3 update is a net positive with an additional US$25m in buying back the company's own shares taking advantage of the low share price.

Also, management has narrowed down 2025 guidance to 10.5-10.8mmboe from 10.5-12.5mmboe.

3Q24 was softer on timing of cargoes but otherwise largely in line and the broker believes the positives mentioned will prove more important.

FORECAST
Citi forecasts a full year FY24 dividend of 7.69 cents and EPS of 38.60 cents.
Citi forecasts a full year FY25 dividend of 3.17 cents and EPS of 16.13 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

01/11/2024

1

Buy

$2.15

58.67%

Second exploration success in the Gulf of Mexico has been confirmed by Karoon Energy, with initial data on the Who Dat South
well indicating a high liquid yield gas-condensate discovery, which may add over 10% to 2P reserves.

This well result is a clear positive for Karoon, says Jarden. In the broker's view, the company paid more than a full price for the existing 2P reserves at Who Dat, necessitating exploration success to justify the Who Dat acquisition.

Focus turns to the higher risk/higher reward Who Dat West prospect, where Jarden expects a result in 1H25.

Target rises to $2.15 from $2.05, Buy retained.

FORECAST
Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of 23.20 cents.
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 24.80 cents.

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

KAR STOCK CHART

FNArena News on KAR

1
Rudi’s View: The Importance Of ‘Quality’ Growth

Nov 21 2024 - Rudi's View
2
Rudi’s View: A Rally With No Earnings Support

Nov 14 2024 - Rudi's View
3
Rudi’s View: Trump Returns, What Now?

Nov 07 2024 - Rudi's View
4
Australian Broker Call *Extra* Edition – Nov 01, 2024

Nov 01 2024 - Daily Market Reports
5
Rudi’s View: US Earnings & The Election

Oct 31 2024 - Rudi's View

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Oct 10 2022 - Small Caps