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

$1.48

22 Jan
2025

0.005

OPEN

$1.48

0.34%

HIGH

$1.54

8,538,743

LOW

$1.47

TARGET
$1.559

+0.02 change from previous day

 5.3% 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 19.1 xxx
DPS (cps) xxx 4.0 6.7 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 0.0% 66.7% xxx
PE Ratio xxx N/A 7.9 xxx
Dividend Yield xxx N/A 4.4% xxx
Div Pay Ratio(%) xxx N/A 34.8% xxx

Dividend yield today if purchased 3 years ago: 2.82%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.63

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

0.3

No. Of Recommendations

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

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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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

22/01/2025

5

Sell

$1.30

-12.16%

Citi's first take on Beach Energy's 2Q25 report highlights robust pricing due to higher prices at Waitsia, with timing on cargo movements driving changes in realised prices.

The broker finds the decline in Western Flank rates disappointing compared to consensus estimates, which may lead to downgrades.

Management retained FY25 guidance with a wide range for Waitsia due to uncertainty around the timing of first gas production.

First gas remains scheduled for 2Q25, though Citi notes ongoing risks of schedule slippage. Activity details for Otway will be provided in the 1H25 earnings report.

Sell rated with a $1.30 target price.

FORECAST
Citi forecasts a full year FY25 dividend of 9.00 cents and EPS of 24.70 cents.
Citi forecasts a full year FY26 dividend of 8.00 cents and EPS of 27.10 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

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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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

Goldman Sachs

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Jarden

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Wilsons

16/12/2024

1

Overweight

$1.66

12.16%

Wilsons observes Beach Energy’s Waitsia gas plant has reached mechanical completion, with commissioning activities underway, including water flushing and nitrogen purging.

First gas is expected in the second quarter of 2025, following a two-month delay due to valve failures during commissioning, which are being rectified, highlights the broker.

Management has deployed additional personnel to enhance influence over the project, though Wilsons points to limited control over deliverability and quality assurance remains a concern. Production guidance for first gas aligns with the broker's operational forecasts.

Wilsons retains its Overweight rating and a $1.66 target

FORECAST
Wilsons forecasts a full year FY25 dividend of 5.90 cents and EPS of 19.60 cents.
Wilsons forecasts a full year FY26 dividend of 11.10 cents and EPS of 25.70 cents.

Canaccord Genuity

xx/xx/xxxx

5

xxxxxxxxx xx xxxx xxxx 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: Feb Season’s Best Buys & Key Picks

Jan 23 2025 - Rudi's View
2
Australian Broker Call *Extra* Edition – Jan 23, 2025

Jan 23 2025 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Jan 22, 2025

Jan 22 2025 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Jan 20, 2025

Jan 20 2025 - Daily Market Reports
5
Weekly Ratings, Targets, Forecast Changes – 17-01-25

Jan 20 2025 - Weekly 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