AMPOL LIMITED (ALD)
Share Price Analysis and Chart

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ALD

ALD - AMPOL LIMITED

FNArena Sector : Consumer Products & Services
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: 5.59
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

$38.11

21 Jul
2026

0.180

OPEN

$38.00

0.47%

HIGH

$38.40

1,398,982

LOW

$37.69

TARGET
$38.813 1.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
PFP . WES .
FNARENA'S MARKET CONSENSUS FORECASTS
ALD: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 34.6 387.7 xxx
DPS (cps) xxx 100.0 173.7 xxx
EPS Growth xxx - 32.7% 100.0% xxx
DPS Growth xxx 53.8% 73.7% xxx
PE Ratio xxx N/A 10.0 xxx
Dividend Yield xxx N/A 4.5% xxx
Div Pay Ratio(%) xxx 289.2% 44.8% xxx

Dividend yield today if purchased 3 years ago: 3.07%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.57

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: 06/03 - ex-div 60.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic -194.2234.2317.8230.451.434.6
DPS All 48.093.0275.0275.065.0100.0
Sales/Revenue 15,175.6 M21,420.9 M38,245.4 M37,454.5 M34,540.2 M30,995.9 M
Book Value Per Share 1,181.81,290.31,524.11,493.51,327.41,274.2
Net Operating Cash Flow 267.6 M634.6 M948.3 M1,504.0 M893.5 M752.3 M
Net Profit Margin -3.20 %2.61 %1.90 %1.47 %0.35 %0.27 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed -15.62 %18.59 %21.69 %15.27 %3.64 %2.66 %
Return on Invested Capital -10.40 %11.56 %12.20 %8.02 %1.79 %1.24 %
Return on Assets -6.19 %6.93 %6.56 %4.13 %0.92 %0.63 %
Return on Equity -15.62 %18.59 %21.69 %15.27 %3.64 %2.66 %
Return on Total Capital -9.78 %12.93 %12.42 %10.36 %2.17 %3.42 %
Free Cash Flow ex dividends -126.9 M149.0 M168.3 M381.1 M-337.9 M-37.5 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 202020212022202320242025
Short-Term Debt 160 M160 M504 M296 M520 M713 M
Long Term Debt 1,556 M2,104 M3,111 M3,399 M3,557 M3,501 M
Total Debt 1,716 M2,264 M3,614 M3,695 M4,077 M4,213 M
Goodwill - Gross 425 M426 M680 M688 M682 M662 M
Cash & Equivalents - Generic 368 M566 M126 M301 M124 M58 M
Price To Book Value 2.402.301.862.422.122.51

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex 226.6 M324.2 M406.9 M539.3 M685.6 M701.4 M
Capex % of Sales 1.49 %1.51 %1.06 %1.44 %1.98 %2.26 %
Cost of Goods Sold 14,375 M19,528 M35,864 M35,014 M32,629 M28,878 M
Selling, General & Admin. Exp & Other 1,289 M1,211 M1,557 M1,647 M1,745 M1,856 M
Research & Development ------
Investments - Total 173 M184 M305 M311 M473 M235 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

0.6

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

06/07/2026

1

Overweight

$35.00

-8.16%

Morgan Stanley continues to prefer Ampol over Viva Energy ((VEA)) on a risk-adjusted return assessment, albeit the analyst states the preference is shrinking as Viva's valuation is not "demanding".

Regional crack spreads averaged around US$36/bbl in 2Q2026, up US$13/bbl q/q. Petrol margins averaged around 15.1c/l year-to-date versus 16.3c/l a year earlier. Diesel margins around 20.4c/l against 17.8c/l a year ago.

Quarterly updates are due in late July. EPS forecasts are trimmed -2% for FY26 and rise 3% for FY27.

Overweight. Target price is $35. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 204.00 cents and EPS of 371.00 cents.
Morgan Stanley forecasts a full year FY27 dividend of 142.00 cents and EPS of 234.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

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
Access Extra Coverage Research History >

ALD STOCK CHART

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