ORIGIN ENERGY LIMITED (ORG)
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ORG

ORG - ORIGIN ENERGY LIMITED

FNArena Sector : Infrastructure & Utilities
Year End: June
GICS Industry Group : Utilities
Debt/EBITDA: 2.54
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Origin Energy is an integrated energy company with electricity and gas retailing, power generation, natural gas production and a major interest in Australia Pacific LNG. It also holds an investment in Octopus Energy.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$12.17

03 Nov
2026

-0.040

OPEN

$12.32

-0.33%

HIGH

$12.32

5,791,901

LOW

$12.11

TARGET
$11.954 -1.8% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AGL . AIA . ALX . APA . CEN . CHI . DBI . DBI . GNE . GNP . LGI . MEZ . SRJ . TCL .
FNARENA'S MARKET CONSENSUS FORECASTS
ORG: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 91.5 76.0 xxx
DPS (cps) xxx 60.0 62.4 xxx
EPS Growth xxx 6.1% - 17.0% xxx
DPS Growth xxx 0.0% 3.9% xxx
PE Ratio xxx N/A 16.3 xxx
Dividend Yield xxx N/A 5.0% xxx
Div Pay Ratio(%) xxx 65.6% 82.1% xxx

Dividend yield today if purchased 3 years ago: 7.16%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.83

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: 02/09 - ex-div 30.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx91.5
DPS All xxxxxxxxxxxxxxx60.0
Sales/Revenue xxxxxxxxxxxxxxx15,428.0 M
Book Value Per Share xxxxxxxxxxxxxxx590.0
Net Operating Cash Flow xxxxxxxxxxxxxxx2,635.0 M
Net Profit Margin xxxxxxxxxxxxxxx10.20 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx15.70 %
Return on Invested Capital xxxxxxxxxxxxxxx10.60 %
Return on Assets xxxxxxxxxxxxxxx7.54 %
Return on Equity xxxxxxxxxxxxxxx15.70 %
Return on Total Capital xxxxxxxxxxxxxxx9.14 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx762.0 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx121 M
Long Term Debt xxxxxxxxxxxxxxx4,865 M
Total Debt xxxxxxxxxxxxxxx4,986 M
Goodwill - Gross xxxxxxxxxxxxxxx2,119 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,004 M
Price To Book Value xxxxxxxxxxxxxxx1.86

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx969.0 M
Capex % of Sales xxxxxxxxxxxxxxx6.28 %
Cost of Goods Sold xxxxxxxxxxxxxxx13,385 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx678 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx7,371 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

0.2

No. Of Recommendations

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

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xx/xx/xxxx

1

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Morgan Stanley

02/11/2026

5

Underweight

$10.42

-14.38%

Morgan Stanley prefers Santos ((STO)) and Karoon Energy ((KAR)) amongst Australian oil and gas producers, with Beach Energy and Origin Energy least preferred, as forward oil curves suggest a more prolonged disruption to global supply.

The broker's 2027 EPS forecasts are approximately 35% above consensus, largely reflecting higher oil price assumptions.

Despite ASX200 Energy gaining 30% year to date, the analyst estimates share prices imply relatively undemanding oil prices of US$60-US$70/bbl.

Higher oil prices offer significant free cash flow (FCF) upside, although product premiums and freight costs complicate realised pricing. Active managers remain approximately -10bps underweight ASX Energy.

Morgan Stanley maintains an Underweight rating and an In-Line industry view for Origin Energy. Target price $10.42.

FORECAST
Morgan Stanley forecasts a full year FY27 dividend of 60.00 cents and EPS of 70.70 cents.
Morgan Stanley forecasts a full year FY28 dividend of 60.00 cents and EPS of 56.80 cents.

Ord Minnett

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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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

03/11/2026

2

Overweight

$12.50

2.71%

Jarden maintains an Overweight rating for Origin Energy with its target price increased to $12.50 from $12.20 after the company banked another strong quarter driven by its APLNG joint venture.

While production fell -1% sequentially due to an unplanned outage and natural field decline, a 34% surge in realised LNG prices underpinned a corresponding 34% jump in quarterly LNG sales revenue.

Looking ahead, the analyst forecasts a December quarter realised LNG price of US$14.7/mmbtu and expects the group to receive $1,044m in distributions from APLNG during FY27.

Jarden also notes that a recent recovery in wholesale electricity prices reduces downside risk for the company's energy markets earnings in FY28.
Access Extra Coverage Research History >

ORG STOCK CHART

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