KAROON ENERGY LIMITED (KAR)
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KAR - KAROON ENERGY LIMITED

FNArena Sector : Crude Oil
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: 0.77
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

$1.295

20 Dec
2024

0.065

OPEN

$1.24

5.28%

HIGH

$1.30

7,742,268

LOW

$1.24

TARGET
$2.156 66.5% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ALD . BHP . BPT . BRU . CRD . CVN . FAR . HE8 . HZN . MAY . VEA .
FNARENA'S MARKET CONSENSUS FORECASTS
KAR: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 36.9 xxx
DPS (cps) 8.4 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 3.5 xxx
Dividend Yield 6.5% xxx
Div Pay Ratio(%) 22.8% 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: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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 © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx60.8
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx1,244.1 M
Book Value Per Share xxxxxxxxxxxxxxx167.2
Net Operating Cash Flow xxxxxxxxxxxxxxx457.2 M
Net Profit Margin xxxxxxxxxxxxxxx29.67 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx42.40 %
Return on Invested Capital xxxxxxxxxxxxxxx26.53 %
Return on Assets xxxxxxxxxxxxxxx16.31 %
Return on Equity xxxxxxxxxxxxxxx42.40 %
Return on Total Capital xxxxxxxxxxxxxxx43.88 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-634.9 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 xxxxxxxxxxxxxxx72 M
Long Term Debt xxxxxxxxxxxxxxx645 M
Total Debt xxxxxxxxxxxxxxx716 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx250 M
Price To Book Value xxxxxxxxxxxxxxx1.21

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx1,097.1 M
Capex % of Sales xxxxxxxxxxxxxxx88.18 %
Cost of Goods Sold xxxxxxxxxxxxxxx517 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx87 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

0.8

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

18/12/2024

1

Buy

$2.40

85.33%

Karoon Energy has downgraded its 2024 production guidance following the failure of two mooring chains for the Bauna production storage vessel, leading to a shutdown in output, while a hurricane has impacted Who Dat.

Ord Minnett notes guidance has declined to 10.1-10.3m barrels of oil equivalent from 10.5-10.8m barrels for 2024.

The broker lowers EPS estimates by less than -1% for 2024 to 2026.

The target for Karoon Energy is $2.40. Buy.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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

Jarden

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Goldman Sachs

01/11/2024

1

Buy

$2.15

66.02%

Karoon Energy announced increased resource estimates from the Who Dat East appraisal well, which added 5 mmbbls of condensate and 31 bcf of gas.

Goldman Sachs notes this update represents a 23% increase in volumes, increasing confidence in development potential.

The Who Dat South exploration also encountered hydrocarbons, supporting the company's strategy. Goldman Sachs' EBITDA forecasts are increased, albeit slightly.

Buy. Target price rises 6% to $2.15.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 13.00 cents and EPS of 37.80 cents.
Goldman Sachs forecasts a full year FY25 dividend of 11.34 cents and EPS of 43.85 cents.

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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KAR STOCK CHART

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