AMPOL LIMITED (ALD)
Share Price Analysis and Chart

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ALD - AMPOL LIMITED

FNArena Sector : Consumer Products & Services
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: 2.95
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

$29.72

16 Jan
2025

-0.120

OPEN

$30.00

-0.40%

HIGH

$30.17

714,728

LOW

$29.55

TARGET
$32.838 10.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
PFP . WES .
FNARENA'S MARKET CONSENSUS FORECASTS
ALD: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 230.4 135.3 xxx
DPS (cps) xxx 275.0 88.0 xxx
EPS Growth xxx - 27.5% - 41.3% xxx
DPS Growth xxx 0.0% - 68.0% xxx
PE Ratio xxx N/A 21.9 xxx
Dividend Yield xxx N/A 3.0% xxx
Div Pay Ratio(%) xxx 119.3% 65.0% xxx

Dividend yield today if purchased 3 years ago: 8.79%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 9.27

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 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx230.4
DPS All xxxxxxxxxxxxxxx275.0
Sales/Revenue xxxxxxxxxxxxxxx37,454.5 M
Book Value Per Share xxxxxxxxxxxxxxx1,493.5
Net Operating Cash Flow xxxxxxxxxxxxxxx1,504.0 M
Net Profit Margin xxxxxxxxxxxxxxx1.47 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx15.27 %
Return on Invested Capital xxxxxxxxxxxxxxx8.02 %
Return on Assets xxxxxxxxxxxxxxx4.13 %
Return on Equity xxxxxxxxxxxxxxx15.27 %
Return on Total Capital xxxxxxxxxxxxxxx10.36 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx381.1 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 xxxxxxxxxxxxxxx296 M
Long Term Debt xxxxxxxxxxxxxxx3,399 M
Total Debt xxxxxxxxxxxxxxx3,695 M
Goodwill - Gross xxxxxxxxxxxxxxx688 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx301 M
Price To Book Value xxxxxxxxxxxxxxx2.42

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx539.3 M
Capex % of Sales xxxxxxxxxxxxxxx1.44 %
Cost of Goods Sold xxxxxxxxxxxxxxx35,014 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,647 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx311 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

0.5

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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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

16/10/2024

3

Neutral

$30.10

1.28%

Ampol reported a softer 3Q24 trading update with a planned Lytton shutdown running over by 10-days which resulted in lower-than-expected production, UBS notes with a decline in the refining margin to US$1.48/bbl compared to expectations of over US$8/bbl.

Another shutdown in November is expected with problems in the catalytic cracker needing repair work.

UBS cuts EPS forecasts by -45% for 2024 and -3% for 2025.

Neutral rating unchanged. Target price is lowered to $30.10 from $31.60.

FORECAST
UBS forecasts a full year FY24 dividend of 70.00 cents and EPS of 99.00 cents.
UBS forecasts a full year FY25 dividend of 122.00 cents and EPS of 175.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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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

16/01/2025

3

Neutral

$32.30

8.68%

The broker notes the energy sector declined -19% in 2024 compared to a 12% gain for the ASX300, driven by soft demand, particularly in China, despite ongoing geopolitical tensions. Goldman Sachs' commodity team expects crude oil to remain in the US$70-US$85/bbl range.

Ampol's gross margin from Lytton is expected to increase to US$5.4/bbl from US$1.5/bbl in the previous quarter, which was impacted by plant shutdowns.

Throughput is forecast to rise to 9.3mmbbl, meeting management's guidance of 5.2 BL of total supply in 2024, the analyst states.

No change to Neutral rating and $32.30 target price.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 77.00 cents and EPS of 127.00 cents.
Goldman Sachs forecasts a full year FY25 dividend of 104.00 cents and EPS of 150.00 cents.
Access Extra Coverage Research History >

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