CONTACT ENERGY LIMITED (CEN)
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CEN

CEN - CONTACT ENERGY LIMITED

FNArena Sector : Infrastructure & Utilities
Year End: June
GICS Industry Group : Utilities
Debt/EBITDA: 2.8
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$8.45

07 Aug
2025

0.130

OPEN

$8.43

1.56%

HIGH

$8.45

2,465

LOW

$8.30

OTHER COMPANIES IN THE SAME SECTOR
AGL . AIA . ALX . APA . DBI . DBI . GNE . GNP . MEZ . ORG . SRJ . TCL .
FNARENA'S MARKET CONSENSUS FORECASTS
CEN: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 19.3 xxx
DPS (cps) 20.3 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 43.5 xxx
Dividend Yield 2.4% xxx
Div Pay Ratio(%) 105.2% xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

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: 27/08 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx27.6
DPS All xxxxxxxxxxxxxxx39.6
Sales/Revenue xxxxxxxxxxxxxxx2,628.2 M
Book Value Per Share xxxxxxxxxxxxxxx302.9
Net Operating Cash Flow xxxxxxxxxxxxxxx466.2 M
Net Profit Margin xxxxxxxxxxxxxxx8.27 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx8.75 %
Return on Invested Capital xxxxxxxxxxxxxxx5.82 %
Return on Assets xxxxxxxxxxxxxxx3.95 %
Return on Equity xxxxxxxxxxxxxxx8.75 %
Return on Total Capital xxxxxxxxxxxxxxx9.33 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-231.3 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 xxxxxxxxxxxxxxx328 M
Long Term Debt xxxxxxxxxxxxxxx1,418 M
Total Debt xxxxxxxxxxxxxxx1,745 M
Goodwill - Gross xxxxxxxxxxxxxxx195 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx209 M
Price To Book Value xxxxxxxxxxxxxxx2.71

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx468.1 M
Capex % of Sales xxxxxxxxxxxxxxx17.81 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,158 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx90 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx133 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

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxx xxxxxxxx xxxx xxxxxxxxxx

-

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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UBS

24/07/2025

3

Resumes coverage with Neutral

-

-

UBS resumes coverage of Contact Energy with a Neutral rating and NZ$9.75 target price post the acquisition of Manawa Energy.

Manawa Energy is expected to contribute to earnings at the start of FY26 and will boost the combined business to forecast FY26 earnings (EBITDAF) of NZ$1bn, commentary points out.

Renewable generation should rise to around 98% of FY26 forecast earnings and circa 88% for FY27 forecast earnings.

The acquisition should also underwrite synergy benefits over the next 18 months to corporate and head office cost outs, commentary suggests, optimising hydro management and peaking, and improved locational generation distribution.

From a macro perspective, UBS highlights NZ electric utilities have had a flat performance over the past nine months and slightly under-performed the NZX50 index due to both regulatory and hydrological risks.

Share price upside is likely to be limited by ongoing high long bond yields, the broker concludes.

FORECAST
UBS forecasts a full year FY25 dividend of 4.93 cents and EPS of 4.75 cents.
UBS forecasts a full year FY26 dividend of 2.38 cents and EPS of 24.02 cents.
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

Jarden

08/08/2025

2

Downgrade to Overweight from Buy

-

-

FY25 was a difficult period for New Zealand gentailers, notes Jarden, characterised by weak hydro inflows, volatile wholesale pricing, and increased risk mitigation costs.

Contact Energy managed relative outperformance through flexible portfolio positioning, explains the broker.

The analysts expect management to report FY25 earnings (EBITDA) of around NZ$774m, slightly ahead of its NZ$770m guidance.

FY26 earnings are forecast to rise to NZ$949m, supported by the Manawa acquisition and a recovery in hydro generation.

Jarden anticipates management will provide updates on the Manawa integration and progress on a potential geothermal fill-in project.

NZ$10.83 target price retained and stock downgraded to Overweight from Buy on valuation.

FORECAST
Jarden forecasts a full year FY25 dividend of 35.62 cents and EPS of 49.96 cents.
Jarden forecasts a full year FY26 dividend of 36.53 cents and EPS of 46.95 cents.
Access Extra Coverage Research History >

CEN STOCK CHART

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