KAROON ENERGY LIMITED (KAR)
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KAR

KAR - KAROON ENERGY LIMITED

FNArena Sector : Crude Oil
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: 1.04
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

$1.245

16 Apr
2025

0.020

OPEN

$1.21

1.63%

HIGH

$1.26

5,456,012

LOW

$1.21

TARGET
$2.20

+0.03 change from previous day

 76.7% upside
OTHER COMPANIES IN THE SAME SECTOR
AEL . ALD . BHP . BPT . BRU . CRD . CVN . FAR . HE8 . HZN . MAY . VEA .
FNARENA'S MARKET CONSENSUS FORECASTS
KAR: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 22.3 xxx
DPS (cps) 5.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 6.0 xxx
Dividend Yield 3.7% xxx
Div Pay Ratio(%) 22.5% 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: 4.40%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.09

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 © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx24.4
DPS All xxxxxxxxxxxxxxx9.5
Sales/Revenue xxxxxxxxxxxxxxx1,177.2 M
Book Value Per Share xxxxxxxxxxxxxxx206.3
Net Operating Cash Flow xxxxxxxxxxxxxxx658.9 M
Net Profit Margin xxxxxxxxxxxxxxx16.42 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx13.26 %
Return on Invested Capital xxxxxxxxxxxxxxx8.98 %
Return on Assets xxxxxxxxxxxxxxx6.48 %
Return on Equity xxxxxxxxxxxxxxx13.26 %
Return on Total Capital xxxxxxxxxxxxxxx20.63 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx448.0 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx84 M
Long Term Debt xxxxxxxxxxxxxxx742 M
Total Debt xxxxxxxxxxxxxxx826 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx551 M
Price To Book Value xxxxxxxxxxxxxxx0.67

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx334.9 M
Capex % of Sales xxxxxxxxxxxxxxx28.45 %
Cost of Goods Sold xxxxxxxxxxxxxxx625 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx92 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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

17/04/2025

3

Equal-weight

$1.65

32.53%

Morgan Stanley is anticipating a "muted" response to Karoon Energy's first quarter update and the progress on Neon development.

The broker notes 1Q 2025 production came in at 2.5mmboe, a decline of -9% on the previous quarter and down -20% on a year earlier, and below the analyst's estimate by -1%.

Revenue came in at US$148.6m, down -33% on 4Q 2024 and -9% on a year earlier. It was also below Morgan Stanley's forecasts and consensus by -7% due to reduced production and timing on Bauna shipments.

Capex guidance for 2025 rose to US$105–US$125m, with US$7m–US$10m for Neon Define phase 1.

Equal-weight and target price remains at $1.65. Industry view is In-Line. No change to EPS estimates.

FORECAST
Morgan Stanley forecasts a full year FY25 EPS of 19.97 cents.
Morgan Stanley forecasts a full year FY26 EPS of 13.82 cents.

Morgans

xx/xx/xxxx

1

xxx

$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

13/04/2025

2

Downgrade to Overweight from Buy

$1.53

22.89%

Jarden cut the forecast for Brent oil price for the remainder of 2025 and for 2026-27 to US$65/bbl from US$75/bbl. The broker also revised the AUD/USD forecast to 0.62 from 0.64 from April.

While OPEC-plus members would desire to keep oil prices near US$80/bbl, the broker believes that given oil markets' tendency to react negatively and quickly to any growth uncertainties, prices are likely to stay low.

For the March quarter, the analyst expects Karoon Energy to report a -11% q/q decline in production to 2.3mmboe due to the impact of scheduled maintenance in Brazil. Sales revenue is forecast to be -33% down q/q due to lower cargoes sold.

EPS forecast for FY25 cut by -8.2% and by -14.3% for FY26 largely due to lower oil price forecasts.

Rating downgraded to Overweight from Buy. Target cut to $1.53 from $2.05.

FORECAST
Jarden forecasts a full year FY25 dividend of 6.14 cents and EPS of 22.89 cents.
Jarden forecasts a full year FY26 dividend of 4.46 cents and EPS of 18.13 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
In Case You Missed It – BC Extra Upgrades & Downgrades – 17-04-25

Apr 17 2025 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Apr 14, 2025

Apr 14 2025 - Daily Market Reports
3
Rudi’s View: Best Buys & Conviction Calls On ASX

Apr 10 2025 - Rudi's View
4
Australian Broker Call *Extra* Edition – Apr 09, 2025

Apr 09 2025 - Daily Market Reports
5
Rudi’s View: Best Buys In Copper, Small Caps, Tech, Healthcare, And More

Mar 20 2025 - Rudi's View

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