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: 6.23
Index: 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

$2.45

24 Mar
2026

0.070

OPEN

$2.34

2.94%

HIGH

$2.50

17,683,801

LOW

$2.32

TARGET
$2.608 6.4% 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 FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 26.4 25.0 xxx
DPS (cps) xxx 6.8 12.5 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 36.0% 85.1% xxx
PE Ratio xxx N/A 9.5 xxx
Dividend Yield xxx N/A 5.3% xxx
Div Pay Ratio(%) xxx N/A 50.1% xxx

Dividend yield today if purchased 3 years ago: 2.31%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.84

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: 05/09 - ex-div 2.83c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-26.4
DPS All xxxxxxxxxxxxxxx6.8
Sales/Revenue xxxxxxxxxxxxxxx28,528.7 M
Book Value Per Share xxxxxxxxxxxxxxx87.9
Net Operating Cash Flow xxxxxxxxxxxxxxx703.3 M
Net Profit Margin xxxxxxxxxxxxxxx-1.48 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-25.35 %
Return on Invested Capital xxxxxxxxxxxxxxx-5.95 %
Return on Assets xxxxxxxxxxxxxxx-3.30 %
Return on Equity xxxxxxxxxxxxxxx-25.35 %
Return on Total Capital xxxxxxxxxxxxxxx4.55 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx91.5 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx297 M
Long Term Debt xxxxxxxxxxxxxxx5,562 M
Total Debt xxxxxxxxxxxxxxx5,858 M
Goodwill - Gross xxxxxxxxxxxxxxx1,312 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx171 M
Price To Book Value xxxxxxxxxxxxxxx2.33

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx557.5 M
Capex % of Sales xxxxxxxxxxxxxxx1.95 %
Cost of Goods Sold xxxxxxxxxxxxxxx26,742 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,452 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

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

UBS

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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Morgan Stanley

05/03/2026

3

Equal-weight

$2.18

-11.02%

Morgan Stanley expects a near-term lift in refining crack spreads and fuel margins following the recent jump in commodity prices, although the duration of stronger margins remains uncertain.

Regional crack spreads have averaged about US$13/bbl so far this year, while Australian petrol margins average around 19.4c/L and diesel margins about 22.2c/L, ndicating improving downstream profitability.

Ampol ((ALD)) is the preferred exposure over Viva Energy on risk-reward bais, due to the stronger balance sheet, favourable margin outlook. Overweight rated with a $31.00 price target.

Viva is rated Equal-weight with a $2.18 price target as the broker remains cautious about execution risks tied to retail acquisitions and integration.

Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 7.70 cents and EPS of 14.70 cents.
Morgan Stanley forecasts a full year FY27 dividend of 12.70 cents and EPS of 18.60 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

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
Access Extra Coverage Research History >

VEA STOCK CHART

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