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

$7.48

03 Mar
2025

0.100

OPEN

$7.37

1.36%

HIGH

$7.49

4,898,133

LOW

$7.30

TARGET
$7.806 4.4% upside
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 16.2 xxx
DPS (cps) xxx 56.0 57.0 xxx
EPS Growth xxx 100.0% - 79.1% xxx
DPS Growth xxx 1.8% 1.8% xxx
PE Ratio xxx N/A 46.3 xxx
Dividend Yield xxx N/A 7.6% xxx
Div Pay Ratio(%) xxx 72.4% 352.9% xxx

Dividend yield today if purchased 3 years ago: 5.61%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.59

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

0.4

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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

25/02/2025

1

Outperform

$8.14

8.82%

First half earnings from APA Group were ahead of expectations. Guidance is unchanged although the broker suspects underlying EBITDA will be at the upper end of the $1.96-2.02bn range.

This stems from a change in accounting that will hedge WGP (Wallumbilla Gladstone Pipeline) and should deliver the material uplift in EBITDA up to FY28.

The company has emphasised it can fund the $1.8bn in current capital expenditure and will consider asset recycling for large new projects.

Outperform maintained. Target rises to $8.14 from $8.02.

FORECAST
Macquarie forecasts a full year FY25 dividend of 57.00 cents and EPS of 15.90 cents.
Macquarie forecasts a full year FY26 dividend of 58.00 cents and EPS of 22.90 cents.

UBS

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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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

28/02/2025

2

Overweight

$8.50

13.64%

Jarden highlights concerns over APA Group raising equity to fund growth dissipated after the company said it could internally fund the $1.8bn growth program. The 1H25 EBITA was in line with the broker's estimate but net profit missed mainly due to the change in currency hedging strategy.,

The broker slightly revised up the EBITDA forecasts for FY25-27 but net profit forecasts were cut on lower-than-expected finance income and higher DD&A expenses.

Target price lifts to $8.5 from $8.3 after the broker factored in below-CPI corporate cost growth (previous forecast 6.3%) following the company's guidance. Overweight rating maintained.

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

FNArena News on APA

1
Weekly Ratings, Targets, Forecast Changes – 28-02-25

Mar 03 2025 - Weekly Reports
2
Next Week At A Glance – 3-7 March 2025

Feb 28 2025 - Weekly Reports
3
FNArena Corporate Results Monitor – 25-02-2025

Feb 25 2025 - Australia
4
Rudi’s View: Best Ideas & Conviction Calls

Feb 20 2025 - Rudi's View
5
Rudi’s View: BHP, Capstone Copper, NextDC, WiseTech & Woodside

Feb 13 2025 - Rudi's View

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