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

$11.79

24 Aug
2026

-0.100

OPEN

$11.80

-0.84%

HIGH

$11.84

3,341,047

LOW

$11.69

TARGET
$11.664 -1.1% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AGL . AIA . ALX . APA . CEN . 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 64.5 xxx
DPS (cps) xxx 60.0 61.6 xxx
EPS Growth xxx 6.1% - 29.5% xxx
DPS Growth xxx 0.0% 2.6% xxx
PE Ratio xxx N/A 18.4 xxx
Dividend Yield xxx N/A 5.2% xxx
Div Pay Ratio(%) xxx 65.6% 95.4% xxx

Dividend yield today if purchased 3 years ago: 6.94%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.06

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: 02/03 - ex-div 29.00c (franking 80%)

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

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

14/08/2026

3

Neutral

$10.80

-8.40%

Origin Energy's FY26 profit was in line, Macquarie notes, with better Energy Markets, offset by higher interest, tax and D&A. Cashflow was strong with benefits from tax refunds, future deposit releases, and APLNG benefiting from lower debt amortisation and five dividends instead of four.

Returns on $2bn of growth capex look delayed, the broker suggests, as FY27 guidance remains flat, with further earnings pressure likely in FY28. Energy Markets price weakness is a key headwind, while tighter supply from lower coal reliability is the main upside risk.

Risk remains that the oversupply dynamic lasts past FY30, Macquarie warns. Neutral retained, target rises to $10.80 from $10.00.

FORECAST
Macquarie forecasts a full year FY27 dividend of 59.00 cents and EPS of 69.10 cents.
Macquarie forecasts a full year FY28 dividend of 59.00 cents and EPS of 47.60 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$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

17/08/2026

2

Overweight

$12.25

3.90%

Jarden maintains an Overweight rating for Origin Energy with its target price increased to $12.25 from $11.50 following FY27 Energy Markets EBITDA guidance arriving well ahead of consensus.

The analyst notes this strong guidance allays fears surrounding lower prevailing wholesale electricity prices eroding near-term earnings.

The broker's estimates suggest FY28 electricity gross profits could face pressure if the current low volatility environment continues.

The analyst agrees with management's assessment predicting the current calm in the National Electricity Market is unlikely to extend through the remainder of FY27.

Higher forecast gas gross profits and lower FY26 year-end net debt largely drive the target price uplift.
Access Extra Coverage Research History >

ORG STOCK CHART

FNArena News on ORG

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Australian Broker Call *Extra* Edition – Aug 17, 2026

Aug 17 2026 - Daily Market Reports
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Aug 14 2026 - Australia
4
FNArena Corporate Results Monitor – 13-08-2026

Aug 13 2026 - Australia
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Australian Broker Call *Extra* Edition – Aug 06, 2026

Aug 06 2026 - Daily Market Reports

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