SANTOS LIMITED (STO)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

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

$7.95

22 Jul
2024

-0.070

OPEN

$7.93

-0.87%

HIGH

$7.99

7,534,694

LOW

$7.89

TARGET
$8.342 4.9% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
APA . BLU . COE . COI . CTP . GHY . GLL . KAR . ORG . STX . TBN . WDS .
FNARENA'S MARKET CONSENSUS FORECASTS
STO: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 69.4 xxx
DPS (cps) 32.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.5 xxx
Dividend Yield 4.0% xxx
Div Pay Ratio(%) 46.1% 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: 5.44%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.49

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: 26/02 - ex-div 26.8c (franking 0%)

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

0.4

No. Of Recommendations

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

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

19/07/2024

1

Buy

$9.00

13.21%

June quarter production for Santos was in line with forecasts by consensus and UBS. Sales revenue fell slightly below expectations as the sales mix was skewed more to domestic gas and less to LNG.

The broker suggests the focus for management should be on project execution and delivering a step-change in production and free cash flow (FCF) from late 2025.

The Buy rating is maintained, and the broker's target falls to $9.00 from $9.20 following 2024-26 EPS forecast cuts of between -5-9% on lower near-term production.

FORECAST
UBS forecasts a full year FY24 dividend of 13.73 cents and EPS of 66.80 cents.
UBS forecasts a full year FY25 dividend of 18.30 cents and EPS of 74.73 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
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%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Goldman Sachs

05/03/2024

1

Resume Coverage with Buy

$8.35

5.03%

Goldman Sachs resumes coverage of Santos with a Buy rating and $8.35 target. The broker expects 2024 to be a trough of production and earnings as Barossa and Pikka start up over 2025/26.

This should support 10% production growth over the next three years to offset the impact from softening global gas prices as the LNG market moves back into material oversupply.

The broker expects free cash flow to remain relatively neutral over 2024/25 but assesses Barossa is materially de-risked and there is attractive valuation in the stock.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 24.40 cents and EPS of 54.90 cents.
Goldman Sachs forecasts a full year FY25 dividend of 35.08 cents and EPS of 48.80 cents.
Access Stockbroker Research History >

STO STOCK CHART

FNArena News on STO

1
Weekly Ratings, Targets, Forecast Changes – 19-07-24

Jul 22 2024 - Weekly Reports
2
Rudi’s View: Rate Cuts, Growth & Small Caps

Jul 18 2024 - Rudi's View
3
Australian Broker Call *Extra* Edition – Jul 15, 2024

Jul 15 2024 - Daily Market Reports
4
Next Week At A Glance – 15-19 July 2024

Jul 12 2024 - Weekly Reports
5
Rudi’s View: Gold, Healthcare, Staples & Copper

Jul 11 2024 - Rudi's View

Latest NatGas News

1
Cooper Energy Ready For East Coast Gas Deficit

Jun 13 2024 - Small Caps
2
Life’s A Beach Under New CEO

Feb 14 2024 - Australia
3
Woodside Energy: Head And Shoulders

Jan 31 2024 - Technicals
4
Woodtos?

Dec 11 2023 - Australia
5
Woodside Energy: Clear Reversal

Nov 21 2023 - Technicals
6
Treasure Chest: Strike Energy

Oct 19 2023 - Treasure Chest
7
Existential Risks In The Oil & Gas Sector

Jul 03 2023 - Commodities
8
ESG Focus: Implications Of Safeguard Mechanism

Mar 29 2023 - ESG Focus
9
Rudi’s View: Domino’s Pizza, Newcrest & Qantas

Mar 17 2023 - Rudi's View
10
Treasure Chest: Woodside’s Dividend Enigma

Mar 08 2023 - Treasure Chest