BEACH ENERGY LIMITED (BPT)
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BPT

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

$1.42

21 Feb
2025

0.005

OPEN

$1.43

0.35%

HIGH

$1.44

3,725,616

LOW

$1.41

TARGET
$1.513 6.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEL . 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 20.2 xxx
DPS (cps) xxx 4.0 7.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 0.0% 75.0% xxx
PE Ratio xxx N/A 7.0 xxx
Dividend Yield xxx N/A 4.9% xxx
Div Pay Ratio(%) xxx N/A 34.7% xxx

Dividend yield today if purchased 3 years ago: 2.65%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.82

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: 29/08 - ex-div 2c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 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

0.0

No. Of Recommendations

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

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

07/02/2025

5

Sell

$1.15

-19.01%

Commenting on Beach Energy’s first-half results, Citi believes consensus is overstating balance sheet headroom, suggesting that required M&A to drive growth will likely need to utilise scrip.

Put another way, the broker views paying out half of free cash flow (FCF) as dividends as unsustainable.

The target falls to $1.15 from $1.30 as forecasts are lowered due to lower production, higher tolling costs, and increased asset-based expenditure (ABex)/capex. Sell rating retained.

FORECAST
Citi forecasts a full year FY25 dividend of 7.00 cents and EPS of 22.90 cents.
Citi forecasts a full year FY26 dividend of 8.00 cents and EPS of 27.10 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx 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

Canaccord Genuity

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

10/02/2025

5

Sell

$1.30

-8.45%

Beach Energy's 1H underlying earnings (EBITDA) and profit were slight beats against consensus estimates, but missed Goldman Sachs' forecasts by -6% and -9%, respectively, on higher-than-expected operating expenses.

Management aims to return a progressive and sustainable dividend going forward, observes the broker, after announcing a 3 cent interim payout, which missed the 4 cents expected by consensus.

Funds were set aside this half for the upcoming Offshore Gas Victoria program, explains the broker.

Target price falls to $1.30 from $1.35. Sell rating retained.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 7.00 cents and EPS of 21.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 9.00 cents and EPS of 19.00 cents.

Jarden

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

BPT STOCK CHART

FNArena News on BPT

1
Rudi’s View: Best Ideas & Conviction Calls

Feb 20 2025 - Rudi's View
2
Australian Broker Call *Extra* Edition – Feb 12, 2025

Feb 12 2025 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 07-02-25

Feb 10 2025 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Feb 10, 2025

Feb 10 2025 - Daily Market Reports
5
FNArena Corporate Results Monitor – 07-02-2025

Feb 07 2025 - Australia

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
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Mar 27 2024 - Technicals
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