VIVA ENERGY GROUP LIMITED (VEA)
Share Price Analysis and Chart

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VEA - VIVA ENERGY GROUP LIMITED

FNArena Sector : Crude Oil
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: 4.35
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Viva Energy is an Australian oil refiner and supplier of fuel and related products through petrol stations under the Shell and Viva Energy brands. It owns and operates the Geelong Refinery in Victoria. It was listed in 2018 following restructure of Viva Energy Holdings.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.61

21 Nov
2024

0.000

OPEN

$2.64

0.000

HIGH

$2.64

4,620,361

LOW

$2.59

TARGET
$3.645 39.7% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALD . BHP . BPT . BRU . CRD . CVN . FAR . HE8 . HZN . KAR . MAY .
FNARENA'S MARKET CONSENSUS FORECASTS
VEA: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 0.3 22.3 xxx
DPS (cps) xxx 15.6 13.7 xxx
EPS Growth xxx - 99.2% 100.0% xxx
DPS Growth xxx - 42.2% - 12.5% xxx
PE Ratio xxx N/A 12.0 xxx
Dividend Yield xxx N/A 5.1% xxx
Div Pay Ratio(%) xxx 6240.0% 61.3% xxx

Dividend yield today if purchased 3 years ago: 6.96%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.84

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: 09/09 - ex-div 6.7c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx0.3
DPS All xxxxxxxxxxxxxxx15.6
Sales/Revenue xxxxxxxxxxxxxxx26,741.1 M
Book Value Per Share xxxxxxxxxxxxxxx130.8
Net Operating Cash Flow xxxxxxxxxxxxxxx674.3 M
Net Profit Margin xxxxxxxxxxxxxxx0.01 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx0.17 %
Return on Invested Capital xxxxxxxxxxxxxxx0.08 %
Return on Assets xxxxxxxxxxxxxxx0.04 %
Return on Equity xxxxxxxxxxxxxxx0.17 %
Return on Total Capital xxxxxxxxxxxxxxx4.93 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-154.9 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 xxxxxxxxxxxxxxx207 M
Long Term Debt xxxxxxxxxxxxxxx2,789 M
Total Debt xxxxxxxxxxxxxxx2,995 M
Goodwill - Gross xxxxxxxxxxxxxxx380 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx216 M
Price To Book Value xxxxxxxxxxxxxxx2.67

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx492.7 M
Capex % of Sales xxxxxxxxxxxxxxx1.84 %
Cost of Goods Sold xxxxxxxxxxxxxxx25,399 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,100 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx23 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

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Macquarie

23/10/2024

1

Outperform

$4.15

59.00%

Macquarie stresses 2024 continues to be a "tough transition year" for Viva Energy with 2024 convenience store guidance well below previous expectations where tobacco continues to be challenged, alongside a weaker consumer.

The analyst points to fuel sales at marginally lower than forecast with additional expected synergies of $30m over the next three years.

Macquarie lowers EPS forecasts by -3% in 2024 and increases EPS by 1% in 2025.

Target price lifts to $4.15 from $4.10. Outperform rating remains.

FORECAST
Macquarie forecasts a full year FY24 dividend of 11.80 cents and EPS of 20.80 cents.
Macquarie forecasts a full year FY25 dividend of 14.60 cents and EPS of 23.90 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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

Goldman Sachs

27/10/2024

1

Buy

$3.30

26.44%

Goldman Sachs comments Viva Energy reported a weaker-than-expected 3Q24 result, with a Geelong refining margin of US$6.4/bbl, -25% below the broker's estimate of US$8.5/bbl, primarily due to crude slate and shipping costs.

Convenience gross profit remained flat at $177m, as a 2.5% improvement in gross margin to 39.6% offset a 7% decline in same-store sales driven by lower tobacco sales.

The broker points out illicit tobacco trade in South Australia impacted earnings, and the company provided FY24 Convenience & Mobility EBITDA guidance of $230-260m.

The broker has reduced its price target to $3.30 from $3.50, maintaining a Buy rating due to an "attractive valuation" and the potential for future cost-saving synergies.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 18.00 cents and EPS of 31.00 cents.
Goldman Sachs forecasts a full year FY25 dividend of 11.00 cents and EPS of 20.00 cents.
Access Extra Coverage Research History >

VEA STOCK CHART

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