ORIGIN ENERGY LIMITED (ORG)
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ORG - ORIGIN ENERGY LIMITED

FNArena Sector : Infrastructure & Utilities
Year End: June
GICS Industry Group : Utilities
Debt/EBITDA: 1.07
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Origin Energy is an Australian natural gas and exploration company. It was formed in 2000 as a result of a de-merger from Boral. The company has a large exploration portfolio in Australia and is a major shareholder in the Australia Pacific LNG joint venture.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$10.93

02 Jul
2024

0.000

OPEN

$10.91

0.000

HIGH

$10.99

3,756,339

LOW

$10.88

TARGET
$11.184

+0.46 change from previous day

2.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AGL . AIA . ALX . APA . CEN . DBI . DBI . GNP . MEZ . SRJ . TCL .
FNARENA'S MARKET CONSENSUS FORECASTS
ORG: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 61.3 75.9 xxx
DPS (cps) xxx 36.5 55.6 xxx
EPS Growth xxx N/A 23.7% xxx
DPS Growth xxx 25.9% 52.2% xxx
PE Ratio xxx N/A 14.3 xxx
Dividend Yield xxx N/A 5.1% xxx
Div Pay Ratio(%) xxx 59.5% 73.2% xxx

Dividend yield today if purchased 3 years ago: 7.99%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

3.36

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: 05/03 - ex-div 27.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx61.3
DPS All xxxxxxxxxxxxxxx36.5
Sales/Revenue xxxxxxxxxxxxxxx16,375.0 M
Book Value Per Share xxxxxxxxxxxxxxx516.6
Net Operating Cash Flow xxxxxxxxxxxxxxx1,051.0 M
Net Profit Margin xxxxxxxxxxxxxxx6.44 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx11.17 %
Return on Invested Capital xxxxxxxxxxxxxxx8.43 %
Return on Assets xxxxxxxxxxxxxxx4.91 %
Return on Equity xxxxxxxxxxxxxxx11.17 %
Return on Total Capital xxxxxxxxxxxxxxx19.66 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx111.0 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx192 M
Long Term Debt xxxxxxxxxxxxxxx3,066 M
Total Debt xxxxxxxxxxxxxxx3,258 M
Goodwill - Gross xxxxxxxxxxxxxxx1,964 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx930 M
Price To Book Value xxxxxxxxxxxxxxx1.63

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx475.0 M
Capex % of Sales xxxxxxxxxxxxxxx2.90 %
Cost of Goods Sold xxxxxxxxxxxxxxx13,633 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx228 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx8,172 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

0.7

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

25/06/2024

1

Initiation of coverage with Buy

$12.00

9.79%

Origin Energy is uniquely placed to benefit from the emerging trend of enery market volatility, suggests Citi, with legacy gas contracts, booked pipeline capacity and a fleet of open cycle gas turbines (OCGTs).

Origin is also investing in utility scale batteries and a virtual power plant (VPP). The latter will enable Origin to manage its customers’ appliances to control their load in a more efficient way.

These assets allow not only capture arbitrage but also mean Origin can over-earn in the semi-regulated retail market due to increasingly competitive energy procurement costs, explains the broker.

Citi initiates coverage with a Buy rating and $12 target.

FORECAST
Citi forecasts a full year FY24 dividend of 47.50 cents and EPS of 79.90 cents.
Citi forecasts a full year FY25 dividend of 65.60 cents and EPS of 72.50 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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ORG STOCK CHART