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: 0.41
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

$1.475

24 Jun
2024

-0.025

OPEN

$1.48

-1.67%

HIGH

$1.49

6,992,233

LOW

$1.47

TARGET
$1.784

-0.03 change from previous day

21.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALD . BHP . BRU . BYE . COE . CVN . FAR . HE8 . HZN . KAR . MAY . VEA .
FNARENA'S MARKET CONSENSUS FORECASTS
BPT: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 17.6 15.6 xxx
DPS (cps) xxx 4.0 4.2 xxx
EPS Growth xxx - 20.0% - 11.2% xxx
DPS Growth xxx 100.0% 4.3% xxx
PE Ratio xxx N/A 9.4 xxx
Dividend Yield xxx N/A 2.8% xxx
Div Pay Ratio(%) xxx 22.8% 26.7% xxx

Dividend yield today if purchased 3 years ago: 3.08%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

2.67

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: 28/02 - ex-div 2c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx17.6
DPS All xxxxxxxxxxxxxxx4.0
Sales/Revenue xxxxxxxxxxxxxxx1,646.4 M
Book Value Per Share xxxxxxxxxxxxxxx170.1
Net Operating Cash Flow xxxxxxxxxxxxxxx928.6 M
Net Profit Margin xxxxxxxxxxxxxxx24.34 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx10.81 %
Return on Invested Capital xxxxxxxxxxxxxxx10.12 %
Return on Assets xxxxxxxxxxxxxxx7.29 %
Return on Equity xxxxxxxxxxxxxxx10.81 %
Return on Total Capital xxxxxxxxxxxxxxx14.09 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-165.8 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx11 M
Long Term Debt xxxxxxxxxxxxxxx398 M
Total Debt xxxxxxxxxxxxxxx409 M
Goodwill - Gross xxxxxxxxxxxxxxx57 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx219 M
Price To Book Value xxxxxxxxxxxxxxx0.79

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx1,170.6 M
Capex % of Sales xxxxxxxxxxxxxxx71.10 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,068 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx19 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

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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UBS

19/06/2024

1

Buy

$1.75

18.64%

Highlights of Beach Energy's strategic review, according to UBS, included new targets to reduce sustaining capex by -20% and a -30% reduction in unit field operating costs.

These targets help to drive the company's free cash flow (FCF) breakeven oil price down to less than US$30/bbl, from FY25, from US$54/bbl in FY24, explains the broker.

More negatively, notes the analyst, management reported a net 2P reserve downgrade across all key assets and guided to FY25 production around -20% below the consensus estimate.

The Buy rating is maintained and the target falls to $1.75 from $1.85.

FORECAST
UBS forecasts a full year FY24 dividend of 3.00 cents and EPS of 15.00 cents.
UBS forecasts a full year FY25 dividend of 8.00 cents and EPS of 19.00 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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BPT STOCK CHART