BEACH ENERGY LIMITED (BPT)
Share Price Analysis and Chart

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BPT - BEACH ENERGY LIMITED

FNArena Sector : Crude Oil
Year End: June
GICS Industry Group : Energy
Debt/EBITDA: 0.85
Index: ASX200 | ASX300 | ALL-ORDS

Beach Energy is an Australian oil and gas exploration and production company and is the largest onshore oil producer locally. Founded in 1961 as Beach Petroleum it listed in 1972 and changed its name to Beach Energy in 2009.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.375

23 Dec
2024

0.020

OPEN

$1.35

1.48%

HIGH

$1.38

2,131,574

LOW

$1.35

TARGET
$1.493 8.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALD . BHP . BRU . CRD . CVN . FAR . HE8 . HZN . KAR . MAY . VEA .
FNARENA'S MARKET CONSENSUS FORECASTS
BPT: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 20.9 17.1 xxx
DPS (cps) xxx 4.0 5.6 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 0.0% 39.6% xxx
PE Ratio xxx N/A 8.0 xxx
Dividend Yield xxx N/A 4.1% xxx
Div Pay Ratio(%) xxx N/A 32.7% xxx

Dividend yield today if purchased 3 years ago: 3.28%

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: 04/09 - ex-div 2c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-20.9
DPS All xxxxxxxxxxxxxxx4.0
Sales/Revenue xxxxxxxxxxxxxxx1,797.6 M
Book Value Per Share xxxxxxxxxxxxxxx145.3
Net Operating Cash Flow xxxxxxxxxxxxxxx774.1 M
Net Profit Margin xxxxxxxxxxxxxxx-26.44 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-13.22 %
Return on Invested Capital xxxxxxxxxxxxxxx-11.36 %
Return on Assets xxxxxxxxxxxxxxx-8.34 %
Return on Equity xxxxxxxxxxxxxxx-13.22 %
Return on Total Capital xxxxxxxxxxxxxxx11.04 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-246.1 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx12 M
Long Term Debt xxxxxxxxxxxxxxx782 M
Total Debt xxxxxxxxxxxxxxx795 M
Goodwill - Gross xxxxxxxxxxxxxxx6 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx172 M
Price To Book Value xxxxxxxxxxxxxxx1.03

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1,093.0 M
Capex % of Sales xxxxxxxxxxxxxxx60.80 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,305 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx30 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

0.4

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Morgans

29/10/2024

1

Add

$1.75

27.27%

Morgans assesses the outlook for commodity forecasts over the next 12-months.

Despite lower oil demand expectations on a softer global economic backdrop, the broker notes global oil demand has been beating consensus expectations over the last year.

Morgans retains a "bullish" position on oil with expectations Chinese growth will recover and the US economy is robust enough to sustain improved growth post-election.

Oil and gas shares have been under selling pressure, and the analyst's key stock picks are Woodside Energy ((WDS)), Karoon Energy ((KAR)) and Cooper Energy ((COE)) with Add ratings.

Beach Energy unchanged target price at $1.75 and Add rating.

FORECAST
Morgans forecasts a full year FY25 dividend of 4.00 cents and EPS of 9.70 cents.
Morgans forecasts a full year FY26 dividend of 4.00 cents and EPS of 11.10 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

4

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

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Canaccord Genuity

xx/xx/xxxx

5

xxxxxxxxx xx xxxx xxxx xxxx

$xx.xx

xx.xx%

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Jarden

11/12/2024

2

Overweight

$1.33

-3.27%

And yet another Waitsia delay has been announced by Beach Energy with first gas production now expected for Q2 next year.

Jarden expects the market to remain cautious given there have been a number of delays and operational issues during the ramp up period.

The good news, the broker stipulates, is management has not increased its cost guidance and any further issues emerging should translate into delays by weeks, not months.

Neutral. Target $1.33 (down -2c). Minimal adjustments have been made to forecasts.

FORECAST
Jarden forecasts a full year FY25 dividend of 6.00 cents and EPS of 15.20 cents.
Jarden forecasts a full year FY26 dividend of 12.00 cents and EPS of 25.30 cents.

Goldman Sachs

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

BPT STOCK CHART

FNArena News on BPT

1
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Dec 23 2024 - Rudi's View
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Dec 19 2024 - Rudi's View
4
Break-Out For Beach Energy

Dec 17 2024 - Technicals
5
Australian Broker Call *Extra* Edition – Dec 16, 2024

Dec 16 2024 - Daily Market Reports

Latest Crude Oil News

1
Break-Out For Beach Energy

Dec 17 2024 - Technicals
2
Beach Energy Looks Ready

May 14 2024 - Technicals
3
Oil Price Surge Not Expected

Apr 15 2024 - Commodities
4
A Multi-Month Up-Trend For Beach Energy

Apr 02 2024 - Technicals
5
Crude Oil: On Watch

Mar 27 2024 - Technicals
6
Oil Market Not Concerned, And Not Concerning

Oct 25 2023 - Commodities
7
Karoon Energy Shares Ready To Run

Oct 17 2023 - Technicals
8
Crude Oil: Further Weakness Ahead

May 04 2023 - Technicals
9
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Apr 13 2023 - Australia
10
Crude Oil: Poised For Upside

Nov 30 2022 - Technicals