KAROON ENERGY LIMITED (KAR)
Share Price Analysis and Chart

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KAR

KAR - KAROON ENERGY LIMITED

FNArena Sector : Crude Oil
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: 1.04
Index: ASX200 | ASX300 | ALL-ORDS

Karoon Energy is an Australian oil and gas explorer with operations in Australia, Peru and Bazil. It has been listed since 2004.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.60

12 Sep
2025

-0.040

OPEN

$1.60

-2.44%

HIGH

$1.62

5,534,399

LOW

$1.57

TARGET
$2.16 35.0% upside
OTHER COMPANIES IN THE SAME SECTOR
AEL . ALD . BHP . BPT . BRU . CRD . CVN . FAR . HE8 . HZN . MAY . VEA .
FNARENA'S MARKET CONSENSUS FORECASTS
KAR: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 18.8 xxx
DPS (cps) 4.7 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 8.5 xxx
Dividend Yield 3.0% xxx
Div Pay Ratio(%) 25.2% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 4.68%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.94

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx24.4
DPS All xxxxxxxxxxxxxxx9.5
Sales/Revenue xxxxxxxxxxxxxxx1,177.2 M
Book Value Per Share xxxxxxxxxxxxxxx206.3
Net Operating Cash Flow xxxxxxxxxxxxxxx658.9 M
Net Profit Margin xxxxxxxxxxxxxxx16.42 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx13.26 %
Return on Invested Capital xxxxxxxxxxxxxxx8.98 %
Return on Assets xxxxxxxxxxxxxxx6.48 %
Return on Equity xxxxxxxxxxxxxxx13.26 %
Return on Total Capital xxxxxxxxxxxxxxx20.63 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx448.0 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 xxxxxxxxxxxxxxx84 M
Long Term Debt xxxxxxxxxxxxxxx742 M
Total Debt xxxxxxxxxxxxxxx826 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx551 M
Price To Book Value xxxxxxxxxxxxxxx0.67

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx334.9 M
Capex % of Sales xxxxxxxxxxxxxxx28.45 %
Cost of Goods Sold xxxxxxxxxxxxxxx625 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx92 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

5
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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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

28/08/2025

3

Neutral

$1.90

18.75%

Karoon Energy's first half earnings were 4% ahead of consensus, while the interim dividend was below consensus and based on 25% payout (20-40% guide), Macquarie notes.

The 2P reserve upgrade at Bauna was larger than the broker expected. The field is performing well, and life is extended to 2039. Bauna nevertheless has had another outage, driving production and earnings cuts in 2025/26.

Karoon looks relatively fairly valued on Macquarie's US$65/bbl long-term Brent price. Major organisational change, including a new CEO, has potential to be disruptive, the broker suggests.

Target rises to $1.90 from $1.80, Neutral retained.

FORECAST
Macquarie forecasts a full year FY25 dividend of 4.03 cents and EPS of 17.83 cents.
Macquarie forecasts a full year FY26 dividend of 4.65 cents and EPS of 20.31 cents.

Citi

xx/xx/xxxx

1

xxx

$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

2

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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Jarden

04/09/2025

2

Overweight

$2.15

34.38%

Karoon Energy provided medium to long-term cost estimates as well as a 35% increase in Brazil 2P reserves, with Jarden noting most of the cost updates had been assumed in previous forecasts.

Brazil 2P reserves were upgraded at Bauna by 13.7mmbbl prior to production.

Interim 2025 earnings (EBITDA) missed the analyst's forecast due to higher costs, while operating cash flow was lower than expected because of increased cash exploration expenditure and higher tax payments.

Jarden lowers its EPS forecasts by -35.5% in 2025 and -12.6% in 2026. Overweight retained. No change to $2.15 target price.

FORECAST
Jarden forecasts a full year FY25 dividend of 5.12 cents and EPS of 19.69 cents.
Jarden forecasts a full year FY26 dividend of 5.89 cents and EPS of 23.57 cents.
Access Extra Coverage Research History >

KAR STOCK CHART

FNArena News on KAR

1
Australian Broker Call *Extra* Edition – Sep 04, 2025

Sep 04 2025 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 29-08-25

Sep 01 2025 - Weekly Reports
3
FNArena Corporate Results Monitor – 28-08-2025

Aug 28 2025 - Australia
4
Weekly Ratings, Targets, Forecast Changes – 15-08-25

Aug 18 2025 - Weekly Reports
5
Rudi’s View: BlueScope Steel, IGO, GrainCorp, Pilbara Minerals, Santos & More

Aug 14 2025 - Rudi's View

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