APA GROUP (APA)
Share Price Analysis and Chart

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APA

APA - APA GROUP

FNArena Sector : Infrastructure & Utilities
Year End: June
GICS Industry Group : Utilities
Debt/EBITDA: 7.04
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

APA Group owns and operates natural gas and electricity assets, while increasingly adding renewables. It is Australia's largest natural gas infrastructure business and one of few true local dividend champions. It listed in 2000.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$9.03

05 Jan
2026

-0.010

OPEN

$9.00

-0.11%

HIGH

$9.14

2,021,995

LOW

$8.99

TARGET
$8.41 -6.9% downside
OTHER COMPANIES IN THE SAME SECTOR
AGL . AIA . ALX . CEN . DBI . DBI . GNE . GNP . MEZ . ORG . SRJ . TCL .
FNARENA'S MARKET CONSENSUS FORECASTS
APA: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 7.6 21.3 xxx
DPS (cps) xxx 57.0 57.8 xxx
EPS Growth xxx - 90.1% 100.0% xxx
DPS Growth xxx 1.8% 1.3% xxx
PE Ratio xxx N/A 41.2 xxx
Dividend Yield xxx N/A 6.6% xxx
Div Pay Ratio(%) xxx 746.1% 271.1% xxx

Dividend yield today if purchased 3 years ago: 5.41%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.50

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: 30/12 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic 22.4-3.319.522.377.37.6
DPS All 50.051.053.055.056.057.0
Sales/Revenue 2,547.2 M2,563.5 M2,692.9 M2,834.0 M3,015.0 M3,144.0 M
Book Value Per Share 273.2251.7222.8161.9253.1204.5
Net Operating Cash Flow 1,095.9 M1,051.0 M1,197.3 M1,206.0 M1,156.0 M1,284.0 M
Net Profit Margin 10.37 %-1.53 %8.56 %9.28 %32.44 %3.15 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed 7.74 %-1.27 %8.24 %11.59 %37.92 %3.35 %
Return on Invested Capital 1.93 %-0.29 %1.74 %1.96 %7.09 %0.64 %
Return on Assets 1.63 %-0.25 %1.47 %1.61 %5.34 %0.49 %
Return on Equity 7.74 %-1.27 %8.24 %11.59 %37.92 %3.35 %
Return on Total Capital 6.84 %6.76 %6.78 %6.45 %6.15 %6.07 %
Free Cash Flow ex dividends 96.6 M27.0 M79.2 M-484.0 M-479.0 M-178.0 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 202020212022202320242025
Short-Term Debt 324 M17 M17 M218 M1,919 M17 M
Long Term Debt 10,664 M9,971 M10,945 M11,368 M11,073 M14,002 M
Total Debt 10,988 M9,987 M10,961 M11,586 M12,992 M14,019 M
Goodwill - Gross 1,184 M1,184 M1,184 M1,184 M1,882 M1,860 M
Cash & Equivalents - Generic 1,173 M663 M940 M513 M676 M800 M
Price To Book Value 4.073.545.065.993.163.99

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex 427.3 M432.9 M689.0 M1,180.0 M1,096.0 M964.0 M
Capex % of Sales 16.78 %16.89 %25.59 %41.64 %36.35 %30.66 %
Cost of Goods Sold 1,580 M1,635 M1,782 M1,887 M2,115 M2,144 M
Selling, General & Admin. Exp & Other 5 M9 M12 M74 M-15 M0 M
Research & Development ------
Investments - Total 807 M459 M628 M703 M482 M981 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

0.0

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

xx/xx/xxxx

4

xxxx

$xx.xx

xx.xx%

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

25/11/2025

5

Sell

$7.70

-14.73%

UBS has a Sell rating and $7.70 target price on APA Group.

FORECAST
UBS forecasts a full year FY26 dividend of 57.00 cents and EPS of 23.00 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

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$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

Jarden

01/12/2025

2

Overweight

$9.65

6.87%

Jarden highlights APA Group's partnership with CS Energy to develop the 400MW Brigalow gas-peaking plant marks its first major step into new gas-powered generation (GPG) investment.

This move aligns with management's strategy to diversify away from gas pipelines following a pivot toward higher-return GPG assets, explain the analysts.

The group will fund around -$800m of project capex over 2.5 years, forming a substantial portion of its planned -$2.1bn organic growth program, notes the broker. Revenues will be supported by a 25-year inflation-linked offtake agreement.

Start-up is anticipated in 2028. Jarden estimates Brigalow could contribute roughly $90m to group earnings from FY29.

Overweight. Target lifted to $9.65 from $9.10.

FORECAST
Jarden forecasts a full year FY26 dividend of 58.00 cents and EPS of 18.90 cents.
Jarden forecasts a full year FY27 dividend of 59.00 cents and EPS of 23.20 cents.
Access Extra Coverage Research History >

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