AMPOL LIMITED (ALD)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

ALD

ALD - AMPOL LIMITED

FNArena Sector : Consumer Products & Services
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: 6.27
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Ampol (previously branded as Caltex Australia) is an Australian petroleum company first incorporated in 1936 in New South Wales. The company first listed on the ASX in 1948.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$22.34

23 Apr
2025

0.470

OPEN

$22.31

2.15%

HIGH

$22.60

739,739

LOW

$22.11

TARGET
$29.40 31.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
MPA . PFP . WES .
FNARENA'S MARKET CONSENSUS FORECASTS
ALD: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 51.4 153.7 xxx
DPS (cps) xxx 65.0 96.7 xxx
EPS Growth xxx - 77.7% 100.0% xxx
DPS Growth xxx - 76.4% 48.7% xxx
PE Ratio xxx N/A 14.5 xxx
Dividend Yield xxx N/A 4.3% xxx
Div Pay Ratio(%) xxx 126.4% 62.9% xxx

Dividend yield today if purchased 3 years ago: 1.98%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.91

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: 30/08 - ex-div 60c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx51.4
DPS All xxxxxxxxxxxxxxx65.0
Sales/Revenue xxxxxxxxxxxxxxx34,540.2 M
Book Value Per Share xxxxxxxxxxxxxxx1,327.4
Net Operating Cash Flow xxxxxxxxxxxxxxx893.5 M
Net Profit Margin xxxxxxxxxxxxxxx0.35 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx3.64 %
Return on Invested Capital xxxxxxxxxxxxxxx1.79 %
Return on Assets xxxxxxxxxxxxxxx0.92 %
Return on Equity xxxxxxxxxxxxxxx3.64 %
Return on Total Capital xxxxxxxxxxxxxxx2.17 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-337.9 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx520 M
Long Term Debt xxxxxxxxxxxxxxx3,557 M
Total Debt xxxxxxxxxxxxxxx4,077 M
Goodwill - Gross xxxxxxxxxxxxxxx682 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx124 M
Price To Book Value xxxxxxxxxxxxxxx2.12

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx685.6 M
Capex % of Sales xxxxxxxxxxxxxxx1.98 %
Cost of Goods Sold xxxxxxxxxxxxxxx32,629 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,745 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx473 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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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

Morgan Stanley

17/04/2025

1

Overweight

$30.00

34.29%

Ampol is expected to receive a "muted" response by the market to the March 2025 quarter results, according to Morgan Stanley, with the stock already down -24% year-to-date compared to the ASX200 Energy sector down -20% and the ASX200 Industrial up 1%.

The company reported a Lytton refinery margin of US$6.07/bbl, up 32% on the previous quarter and down -49% on a year earlier, on production of 1.38m bbl.

Fuel sales came in at 6.1bn litres, down -18% on the previous quarter and -7% on a year previously.

The broker highlights Ampol expects ongoing margin compression in refining margins this quarter and modest volumes and margin tailwinds. Management confirmed the cost-out target of -$50m for 2025.

Overweight rated. Target price retained at $30. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 121.00 cents and EPS of 172.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 146.00 cents and EPS of 219.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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

23/04/2025

1

Buy

$30.80

37.87%

Ampol's 1Q25 update showed gross profit of US$50m at Lytton refinery fell short of Goldman Sachs' US$59m forecast, largely due to Cyclone Alfred impact.

Convenience Retail and New Zealand EBIT grew in 1Q and compares with the broker's forecast for a -6% y/y and -13% y/y decline in 1H. The broker is not adjusting forecasts due to volatile q/q movements, but has flagged upside risks.

The F&I International business also performed well compared with the broker's expectation.

No change to EBITDA forecasts. Target rises to $30.80 from $30.60. Buy retained.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 37.00 cents and EPS of 74.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 143.00 cents and EPS of 186.00 cents.
Access Extra Coverage Research History >

ALD STOCK CHART

FNArena News on ALD

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 24-04-25

10:45 AM - Weekly Reports
2
Australian Broker Call *Extra* Edition – Apr 20, 2025

Apr 22 2025 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 11-04-25

Apr 14 2025 - Weekly Reports
4
Next Week At A Glance – 31 Mar – 4 April, 2025

Mar 28 2025 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Mar 27, 2025

Mar 27 2025 - Daily Market Reports

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