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: 7.08
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

$8.38

05 Jun
2025

0.030

OPEN

$8.38

0.36%

HIGH

$8.42

2,228,313

LOW

$8.30

TARGET
$7.836 -6.5% 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 FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 77.3 15.9 xxx
DPS (cps) xxx 56.0 57.0 xxx
EPS Growth xxx 100.0% - 79.4% xxx
DPS Growth xxx 1.8% 1.8% xxx
PE Ratio xxx N/A 52.4 xxx
Dividend Yield xxx N/A 6.8% xxx
Div Pay Ratio(%) xxx 72.4% 357.7% xxx

Dividend yield today if purchased 3 years ago: 4.91%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.71

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 © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx77.3
DPS All xxxxxxxxxxxxxxx56.0
Sales/Revenue xxxxxxxxxxxxxxx3,015.0 M
Book Value Per Share xxxxxxxxxxxxxxx253.1
Net Operating Cash Flow xxxxxxxxxxxxxxx1,156.0 M
Net Profit Margin xxxxxxxxxxxxxxx32.44 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx37.92 %
Return on Invested Capital xxxxxxxxxxxxxxx7.09 %
Return on Assets xxxxxxxxxxxxxxx5.34 %
Return on Equity xxxxxxxxxxxxxxx37.92 %
Return on Total Capital xxxxxxxxxxxxxxx6.15 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-479.0 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx1,919 M
Long Term Debt xxxxxxxxxxxxxxx11,073 M
Total Debt xxxxxxxxxxxxxxx12,992 M
Goodwill - Gross xxxxxxxxxxxxxxx1,882 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx676 M
Price To Book Value xxxxxxxxxxxxxxx3.16

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1,096.0 M
Capex % of Sales xxxxxxxxxxxxxxx36.35 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,115 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx-15 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx482 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

0.1

No. Of Recommendations

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

Morgans

xx/xx/xxxx

5

xxxxxxxxx xx xxxx xxxx xxxx

$xx.xx

xx.xx%

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

Ord Minnett

07/05/2025

2

Downgrade to Accumulate from Buy

$8.60

2.63%

Ord Minnett has downgraded its crude oil price forecasts to US$60/bbl from US$70/bbl in 2025, and to US$70/bbl from US$80/bbl in 2026.

The broker assumes an AUD/USD rate of 63c for 2025 and 65c for 2026. Further out, the oil price is expected to revert to the US$70–US$80/bbl range, as a higher price will be needed to boost investment in new supply.

Ord Minnett’s analysis also suggests the average time for oil prices to bottom from a peak in the cycle is around five months, and therefore recommends investors “buy the dips” on selective stocks.

Karoon Energy ((KAR)) is Buy rated, along with Santos ((STO)) and Woodside Energy ((WDS)), which has been upgraded from Hold.

The broker also favours refiners Ampol ((ALD)) and Viva Energy ((VEA)), both Buy rated.

Target price for APA Group remains at $8.60 with no change in EPS estimates. The stock is downgraded to Accumulate from Buy.

UBS

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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

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
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

26/05/2025

2

Overweight

$8.85

5.61%

Ahead of the 2025 winter demand, Jarden reckons the risk of imminent gas shortages has eased due to a positive outlook for Longford production, high gas storage levels and a warm start to autumn.

But with supply shortages likely to increase, the broker estimates a 600 TJ/day shortfall by 2030. The analyst expects increased southern gas production, increased pipeline capacity from Queensland, more gas storage and LNG imports to all be needed to meet the shortfall.

APA Group's proposed East Coast gas grid expansion plans are positive in the broker's view.

Overweight. Target rises to $8.85 from $8.50.

FORECAST
Jarden forecasts a full year FY25 dividend of 57.00 cents and EPS of 14.40 cents.
Jarden forecasts a full year FY26 dividend of 58.00 cents and EPS of 19.80 cents.
Access Extra Coverage Research History >

APA STOCK CHART

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