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

$1.175

23 Apr
2025

0.030

OPEN

$1.17

2.62%

HIGH

$1.19

5,141,039

LOW

$1.16

TARGET
$1.433 21.9% 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 20.0 xxx
DPS (cps) xxx 4.0 6.6 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 0.0% 65.0% xxx
PE Ratio xxx N/A 5.7 xxx
Dividend Yield xxx N/A 5.7% xxx
Div Pay Ratio(%) xxx N/A 33.0% xxx

Dividend yield today if purchased 3 years ago: 2.41%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.48

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

-0.1

No. Of Recommendations

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

Bell Potter

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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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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Morgans

02/04/2025

3

Hold

$1.55

31.91%

Morgans' short-term conviction on oil has been weakened by the uncertain backdrop of trade war, prompting the broker to consider three oil price scenarios and their impact on oil stocks.

In the base-case scenario of a US$70-80/bbl price (vs US$74/bbl now), the broker expects Beach Energy to get better realised prices depending on execution. In the oversupply bear case scenario of a US$50-60/bbl price, the company would be impacted by weakening sentiment.

The broker cut working capital expenses following a regular review, leading to an upgrade in FY26 EPS.

Hold. Target unchanged at $1.55.

FORECAST
Morgans forecasts a full year FY25 dividend of 6.00 cents and EPS of 16.30 cents.
Morgans forecasts a full year FY26 dividend of 6.00 cents and EPS of 23.50 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$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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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

4

xxxxxxxxx xx xxxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Canaccord Genuity

12/02/2025

5

Sell

$1.28

8.94%

Beach Energy's 1H25 result was solid, benefitting from some "pay it forward" LNG swap arrangements, Canaccord Genuity highlights.

The broker notes the company's true gearing is likely higher with the obligation to reverse these swaps and forgo future revenues, dampening cash flows in the near term.

Beach is still targeting first gas at Waitsia for 4Q25 but the broker notes there have been several issues with quality during the build, increasing the risk of a volatile commissioning process.

The broker made model revisions around the LNG swap cargoes, with minor adjustments to timing and cost recognition. This has resulted in slight upgrades to FY25 sales, EBITDA and net income.

Sell rating retained. Target price $1.28.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 5.00 cents and EPS of 16.50 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 4.00 cents and EPS of 13.60 cents.

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

BPT STOCK CHART

FNArena News on BPT

1
Australian Broker Call *Extra* Edition – Apr 20, 2025

Apr 22 2025 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 18-04-25

Apr 22 2025 - Weekly Reports
3
In Case You Missed It – BC Extra Upgrades & Downgrades – 17-04-25

Apr 17 2025 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Apr 14, 2025

Apr 14 2025 - Daily Market Reports
5
Rudi’s View: Time For Appreciating Quality

Apr 02 2025 - Rudi's View

Latest Crude Oil News

1
Upping the East Coast Amplitude

Mar 28 2025 - Commodities
2
Break-Out For Beach Energy

Dec 17 2024 - Technicals
3
Beach Energy Looks Ready

May 14 2024 - Technicals
4
Oil Price Surge Not Expected

Apr 15 2024 - Commodities
5
A Multi-Month Up-Trend For Beach Energy

Apr 02 2024 - Technicals
6
Crude Oil: On Watch

Mar 27 2024 - Technicals
7
Oil Market Not Concerned, And Not Concerning

Oct 25 2023 - Commodities
8
Karoon Energy Shares Ready To Run

Oct 17 2023 - Technicals
9
Crude Oil: Further Weakness Ahead

May 04 2023 - Technicals
10
Viva Energy: Emphasis Swings Toward Convenience Retail  

Apr 13 2023 - Australia