VIVA ENERGY GROUP LIMITED (VEA)
Share Price Analysis and Chart

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VEA

VEA - VIVA ENERGY GROUP LIMITED

FNArena Sector : Crude Oil
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: 7.44
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Viva Energy is an Australian oil refiner and supplier of fuel and related products through petrol stations under the Shell and Viva Energy brands. It owns and operates the Geelong Refinery in Victoria. It was listed in 2018 following restructure of Viva Energy Holdings.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.88

29 May
2025

-0.015

OPEN

$1.91

-0.79%

HIGH

$1.93

2,876,138

LOW

$1.88

TARGET
$2.51 33.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEL . ALD . BHP . BPT . BRU . CRD . CVN . FAR . HE8 . HZN . KAR . MAY .
FNARENA'S MARKET CONSENSUS FORECASTS
VEA: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 4.8 10.3 xxx
DPS (cps) xxx 10.6 5.3 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 32.2% - 49.5% xxx
PE Ratio xxx N/A 18.0 xxx
Dividend Yield xxx N/A 2.9% xxx
Div Pay Ratio(%) xxx N/A 51.8% xxx

Dividend yield today if purchased 3 years ago: 3.68%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.71

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: 09/09 - ex-div 6.7c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-4.8
DPS All xxxxxxxxxxxxxxx10.6
Sales/Revenue xxxxxxxxxxxxxxx30,142.0 M
Book Value Per Share xxxxxxxxxxxxxxx119.3
Net Operating Cash Flow xxxxxxxxxxxxxxx598.4 M
Net Profit Margin xxxxxxxxxxxxxxx-0.25 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-3.91 %
Return on Invested Capital xxxxxxxxxxxxxxx-1.28 %
Return on Assets xxxxxxxxxxxxxxx-0.70 %
Return on Equity xxxxxxxxxxxxxxx-3.91 %
Return on Total Capital xxxxxxxxxxxxxxx2.74 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-205.8 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx273 M
Long Term Debt xxxxxxxxxxxxxxx5,259 M
Total Debt xxxxxxxxxxxxxxx5,533 M
Goodwill - Gross xxxxxxxxxxxxxxx1,116 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx193 M
Price To Book Value xxxxxxxxxxxxxxx2.20

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx588.1 M
Capex % of Sales xxxxxxxxxxxxxxx1.95 %
Cost of Goods Sold xxxxxxxxxxxxxxx28,607 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,365 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx24 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

0.5

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

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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UBS

15/04/2025

1

Buy

$2.95

56.91%

According to UBS, Viva Energy reported a slightly softer 1Q25 update compared to market expectations, with convenience stores remaining under pressure from illegal tobacco sales. The change in the On-The-Run convenience infrastructure over the last six weeks, with cost-outs, should improve the 2Q outlook.

The company's balance sheet remains in good shape, and UBS remains satisfied with Viva Energy's capex programme of $1.88m, along with the Federal Government's Fuel Security Services Payment, which generates $100m p.a. in financial support for the refinery.

UBS lowers the FY25 EPS estimate by -6% due to weaker refining margins, and FY26 by -1%.

The price target is lowered to $2.95 from $3.10. Buy rating retained.

FORECAST
UBS forecasts a full year FY25 dividend of 5.00 cents and EPS of 9.00 cents.
UBS forecasts a full year FY26 dividend of 12.00 cents and EPS of 21.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

22/04/2025

1

Buy

$3.00

59.57%

Following Viva Energy' 1Q25 result, Goldman Sachs revised FY25 EBITDA by 1% after factoring in higher refining margins in the June quarter. The company revealed lower global oil prices in the tariffs backdrop could support retail fuel margins in the short term because of lagged pass-through.

The company reiterated EBITDA guidance for $270-330m in 1H and expectations of improvement in 2H. The broker is forecasting $303m in 1H and $400m in 2H.

Buy. Target unchanged at $3.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 7.00 cents and EPS of 8.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 8.00 cents and EPS of 16.00 cents.
Access Extra Coverage Research History >

VEA STOCK CHART

FNArena News on VEA

1
Weekly Ratings, Targets, Forecast Changes – 09-05-25

May 12 2025 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Apr 22, 2025

Apr 23 2025 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Apr 20, 2025

Apr 22 2025 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 11-04-25

Apr 14 2025 - Weekly Reports
5
Rudi’s View: February’s Reality Check

Mar 05 2025 - Rudi's View

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