APA GROUP (APA)
Share Price Analysis and Chart

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APA - APA GROUP

FNArena Sector : Infrastructure & Utilities
Year End: June
GICS Industry Group : Utilities
Debt/EBITDA: 7.14
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

$7.96

28 Feb
2024

0.070

OPEN

$7.89

0.89%

HIGH

$8.01

2,534,174

LOW

$7.87

TARGET
$8.712 9.4% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
AGL . AIA . ALX . CEN . DBI . DBI . GNP . MEZ . ORG . SRJ . TCL .
FNARENA'S MARKET CONSENSUS FORECASTS
APA: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 19.6 xxx
DPS (cps) xxx N/A 56.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 40.2 xxx
Dividend Yield xxx N/A 7.1% xxx
Div Pay Ratio(%) xxx N/A 286.4% xxx

Dividend yield today if purchased 3 years ago: 5.92%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

7.01

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: 28/12 - ex-div 26.5c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx22.3
DPS All xxxxxxxxxxxxxxx55.0
Sales/Revenue xxxxxxxxxxxxxxx2,834.0 M
Book Value Per Share xxxxxxxxxxxxxxx161.9
Net Operating Cash Flow xxxxxxxxxxxxxxx1,206.0 M
Net Profit Margin xxxxxxxxxxxxxxx9.28 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx11.59 %
Return on Invested Capital xxxxxxxxxxxxxxx1.96 %
Return on Assets xxxxxxxxxxxxxxx1.61 %
Return on Equity xxxxxxxxxxxxxxx11.59 %
Return on Total Capital xxxxxxxxxxxxxxx6.45 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-484.0 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx218 M
Long Term Debt xxxxxxxxxxxxxxx11,368 M
Total Debt xxxxxxxxxxxxxxx11,586 M
Goodwill - Gross xxxxxxxxxxxxxxx1,184 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx513 M
Price To Book Value xxxxxxxxxxxxxxx5.99

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx1,180.0 M
Capex % of Sales xxxxxxxxxxxxxxx41.64 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,887 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx74 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx703 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

UBS

xx/xx/xxxx

3

xxxxxxx

$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.
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Ord Minnett

23/02/2024

2

Accumulate

$9.30

16.83%

In a "solid" outcome, but slightly adrift of Ord Minnett's forecast, APA Group's 1H underlying earnings (EBITDA) rose by 6% to $930m.

Management's FY24 earnings guidance represents growth of 10% on FY24, notes the analyst. An interim dividend of 26.5cps was declared and FY24 guidance for 56cps was maintained.

The Accumulate rating and $9.30 target are unchanged.

The broker highlights an attractive yield currently on offer, though cautions distribution growth will be truncated by both rising debt costs and the 2035 conclusion of the Wallumbilla Gladstone Pipeline contract.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 56.00 cents and EPS of 21.80 cents.
Ord Minnett forecasts a full year FY25 dividend of 55.90 cents and EPS of 23.30 cents.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

APA STOCK CHART