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: 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

$43.25

16 Sep
2026

1.040

OPEN

$42.69

2.46%

HIGH

$43.49

2,423,168

LOW

$42.45

TARGET
$44.625 3.2% 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 34.6 566.3 xxx
DPS (cps) xxx 100.0 323.5 xxx
EPS Growth xxx - 32.7% 100.0% xxx
DPS Growth xxx 53.8% 100.0% xxx
PE Ratio xxx N/A 7.6 xxx
Dividend Yield xxx N/A 7.5% xxx
Div Pay Ratio(%) xxx 289.2% 57.1% xxx

Dividend yield today if purchased 3 years ago: 2.96%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.32

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: 04/09 - ex-div 185.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx34.6
DPS All xxxxxxxxxxxxxxx100.0
Sales/Revenue xxxxxxxxxxxxxxx30,995.9 M
Book Value Per Share xxxxxxxxxxxxxxx1,274.2
Net Operating Cash Flow xxxxxxxxxxxxxxx752.3 M
Net Profit Margin xxxxxxxxxxxxxxx0.27 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx2.66 %
Return on Invested Capital xxxxxxxxxxxxxxx1.24 %
Return on Assets xxxxxxxxxxxxxxx0.63 %
Return on Equity xxxxxxxxxxxxxxx2.66 %
Return on Total Capital xxxxxxxxxxxxxxx3.42 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-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 xxxxxxxxxxxxxxx713 M
Long Term Debt xxxxxxxxxxxxxxx3,501 M
Total Debt xxxxxxxxxxxxxxx4,213 M
Goodwill - Gross xxxxxxxxxxxxxxx662 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx58 M
Price To Book Value xxxxxxxxxxxxxxx2.51

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx701.4 M
Capex % of Sales xxxxxxxxxxxxxxx2.26 %
Cost of Goods Sold xxxxxxxxxxxxxxx28,878 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,856 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx235 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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

25/08/2026

3

Neutral

$41.50

-4.05%

Post further inspection, UBS raises the target to $41.50 from $39.

Ampol reported record 1H underlying NPAT, with Refining and Fuels & Infrastructure the key drivers of outperformance and leverage falling to 1.8x adjusted net debt/EBITDA, below the company's 2-2.5x target range.

The analyst sees upside risk to capital returns as stronger refining margins and trading income are expected to keep leverage below the target range over the next 18 months, while tight global fuel markets provide further earnings support.

FY26-FY28 EPS forecasts rise 8%-23% on higher refining and trading earnings, partly offset by weaker forecasts for EG Group and Z Energy.

Neutral rating retained; the current valuation reflects mid-cycle refining conditions despite near-term earnings upside risk.

First take: UBS retains Neutral with a $39 target after first-half underlying earnings exceeded forecasts, led by a strong Australian fuels and infrastructure contribution.

Underlying net profit beat UBS by 9%, leverage fell to 1.8 times and the 185c interim dividend was well ahead of expectations.

Convenience Retail also performed well, offsetting weakness at Z Energy, with attention now turning to execution of the Lytton refinery turnaround.

FORECAST
UBS forecasts a full year FY26 dividend of 346.00 cents and EPS of 588.00 cents.
UBS forecasts a full year FY27 dividend of 212.00 cents and EPS of 337.00 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
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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