SANTOS LIMITED (STO)
Share Price Analysis and Chart

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STO - SANTOS LIMITED

FNArena Sector : NatGas
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: 1.52
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Santos is Australia's number one domestic gas supplier and aims to be a leading Asia-Pacific LNG supplier. Santos was founded in 1954 and made its first significant discovery of natural gas in the Cooper Basin in 1963. the name is an acronym of South Australia Northern Territory Oil Search.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.63

02 Dec
2024

0.020

OPEN

$6.61

0.30%

HIGH

$6.65

5,640,910

LOW

$6.58

TARGET
$8.04 21.3% upside
OTHER COMPANIES IN THE SAME SECTOR
APA . BLU . COI . CRD . CTP . GHY . GLL . KAR . ORG . STX . TBN . WDS .
FNARENA'S MARKET CONSENSUS FORECASTS
STO: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 62.3 xxx
DPS (cps) 36.6 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 10.7 xxx
Dividend Yield 5.5% xxx
Div Pay Ratio(%) 58.7% 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: 5.76%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.50

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: 26/08 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx65.4
DPS All xxxxxxxxxxxxxxx40.2
Sales/Revenue xxxxxxxxxxxxxxx9,021.2 M
Book Value Per Share xxxxxxxxxxxxxxx691.1
Net Operating Cash Flow xxxxxxxxxxxxxxx4,542.3 M
Net Profit Margin xxxxxxxxxxxxxxx23.65 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx9.64 %
Return on Invested Capital xxxxxxxxxxxxxxx7.25 %
Return on Assets xxxxxxxxxxxxxxx4.73 %
Return on Equity xxxxxxxxxxxxxxx9.64 %
Return on Total Capital xxxxxxxxxxxxxxx9.34 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx64.8 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 xxxxxxxxxxxxxxx1,224 M
Long Term Debt xxxxxxxxxxxxxxx7,802 M
Total Debt xxxxxxxxxxxxxxx9,026 M
Goodwill - Gross xxxxxxxxxxxxxxx2,191 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,748 M
Price To Book Value xxxxxxxxxxxxxxx1.10

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx3,569.0 M
Capex % of Sales xxxxxxxxxxxxxxx39.56 %
Cost of Goods Sold xxxxxxxxxxxxxxx5,919 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx234 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx734 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

1.0

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Ord Minnett

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

20/11/2024

1

Upgrade to Buy from Neutral

$7.60

14.63%

Santos announced a change in the company's capital allocation, with the dividend payout ratio increasing to over 60% of all-in free cash flow from over 40%.

Citi highlights the rise has been enabled by stable capex investment to maintain production of over 100mmboe in the second half of the decade.

The broker notes Santos is seeking to maintain its "top-line" with around a 13% return on investment capital, which is positive for equity.

The investment case is more appealing to Citi, triggering an upgrade to Buy from Neutral. Target price $7.60.

FORECAST
Citi forecasts a full year FY24 dividend of 39.22 cents and EPS of 67.88 cents.
Citi forecasts a full year FY25 dividend of 42.24 cents and EPS of 64.11 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

24/10/2024

1

Buy

$7.90

19.16%

Santos reported 3Q2024 results. Goldman Sachs observes production was 4% higher than expected and sales were in line.

The company announced a -US$300m capex rise for Pikka Phase 1 which equals around 1% of the estimated net asset value. The increase is attributed to inflation and pipelays. First production may move forward to early Dec 2025, although the broker is targeting 2Q2026.

Barossa is on track to meet first production in 3Q2025 and currently within budget. Moomba carbon capture and storage began in September.

Target falls to $7.90 from $8,  No change to Buy rating.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 33.19 cents and EPS of 58.83 cents.
Goldman Sachs forecasts a full year FY25 dividend of 28.66 cents and EPS of 39.22 cents.
Access Extra Coverage Research History >

STO STOCK CHART

FNArena News on STO

1
Rudi’s View: Trump Beneficiaries & TechOne

Nov 28 2024 - Rudi's View
2
Santos Shifts From Growth To Shareholder Return

Nov 25 2024 - Australia
3
Weekly Ratings, Targets, Forecast Changes – 22-11-24

Nov 25 2024 - Weekly Reports
4
Rudi’s View: The Importance Of ‘Quality’ Growth

Nov 21 2024 - Rudi's View
5
Australian Broker Call *Extra* Edition – Nov 21, 2024

Nov 21 2024 - Daily Market Reports

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