BEACH ENERGY LIMITED (BPT)
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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

$1.275

21 Nov
2024

0.010

OPEN

$1.28

0.79%

HIGH

$1.28

4,239,327

LOW

$1.26

TARGET
$1.447 13.5% 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 17.0 xxx
DPS (cps) xxx 4.0 5.9 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 0.0% 47.5% xxx
PE Ratio xxx N/A 7.6 xxx
Dividend Yield xxx N/A 4.6% xxx
Div Pay Ratio(%) xxx N/A 34.7% xxx

Dividend yield today if purchased 3 years ago: 3.20%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.10

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 © 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

0.3

No. Of Recommendations

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

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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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Citi

21/10/2024

5

Sell

$1.10

-13.73%

Beach Energy remains in the "too difficult" category for Citi despite FY25 earnings estimated to be over 20% higher with cash flow over 10% better than expected due to the company achieving additional swap cargoes for Waitsia.

The analyst highlights FY26 earnings will be under pressure as the swaps unwind.

Under Citi's forecast, a weakening oil price will leave Beach Energy very exposed with an unhedged position.

Citi retains a Sell rating with a $1.10 target price.

FORECAST
Citi forecasts a full year FY25 EPS of 19.80 cents.
Citi forecasts a full year FY26 EPS of 19.00 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

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
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

3

xxxxxxx xx xxxx xxxx xxxx

$xx.xx

xx.xx%

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Jarden

24/10/2024

2

Overweight

$1.35

5.88%

While September quarter results for Beach Energy were in line with Jarden's forecasts, construction at Waitsia remains challenged. Further delays can't be discounted, but the joint venture is sending in its own staff to keep the project on schedule, explain the analysts.

Production for Q1 of 5.2mmboe was 10% higher than in the prior quarter, and beat the consensus forecast by 4%, while matching the broker's estimate.

An average of $10.30/GJ for the realised gas price was in line with the prior quarter and also in line with forecasts by consensus and Jarden.

The Overweight rating is retained, and the target edges up to $1.35 from $1.34.

FORECAST
Jarden forecasts a full year FY25 dividend of 6.00 cents and EPS of 16.90 cents.
Jarden forecasts a full year FY26 dividend of 13.00 cents and EPS of 26.10 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
Rudi’s View: The Importance Of ‘Quality’ Growth

Nov 21 2024 - Rudi's View
2
Rudi’s View: A Rally With No Earnings Support

Nov 14 2024 - Rudi's View
3
Rudi’s View: Trump Returns, What Now?

Nov 07 2024 - Rudi's View
4
Rudi’s View: US Earnings & The Election

Oct 31 2024 - Rudi's View
5
In Case You Missed It – BC Extra Upgrades & Downgrades – 25-10-24

Oct 25 2024 - Weekly Reports

Latest Crude Oil News

1
Beach Energy Looks Ready

May 14 2024 - Technicals
2
Oil Price Surge Not Expected

Apr 15 2024 - Commodities
3
A Multi-Month Up-Trend For Beach Energy

Apr 02 2024 - Technicals
4
Crude Oil: On Watch

Mar 27 2024 - Technicals
5
Oil Market Not Concerned, And Not Concerning

Oct 25 2023 - Commodities
6
Karoon Energy Shares Ready To Run

Oct 17 2023 - Technicals
7
Crude Oil: Further Weakness Ahead

May 04 2023 - Technicals
8
Viva Energy: Emphasis Swings Toward Convenience Retail  

Apr 13 2023 - Australia
9
Crude Oil: Poised For Upside

Nov 30 2022 - Technicals
10
Brokers Set Higher Targets For Karoon Energy, Again

Oct 10 2022 - Small Caps