KAROON ENERGY LIMITED (KAR)
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KAR - KAROON ENERGY LIMITED

FNArena Sector : Crude Oil
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: 0.77
Index: ASX200 | ASX300 | ALL-ORDS

Karoon Energy is an Australian oil and gas explorer with operations in Australia, Peru and Bazil. It has been listed since 2004.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.42

21 Jan
2025

0.010

OPEN

$1.41

0.71%

HIGH

$1.43

5,147,219

LOW

$1.39

TARGET
$2.156 51.8% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
AEL . ALD . BHP . BPT . BRU . CRD . CVN . FAR . HE8 . HZN . MAY . VEA .
FNARENA'S MARKET CONSENSUS FORECASTS
KAR: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 37.6 xxx
DPS (cps) 8.4 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 3.8 xxx
Dividend Yield 5.9% xxx
Div Pay Ratio(%) 22.5% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic -67.4-10.5-28.41.1-15.860.8
DPS All 0.00.00.00.00.00.0
Sales/Revenue 0.0 M0.0 M0.0 M229.0 M531.0 M1,244.1 M
Book Value Per Share 205.7200.193.790.671.3167.2
Net Operating Cash Flow -25.3 M-22.0 M-100.0 M39.9 M204.7 M457.2 M
Net Profit Margin ---2.57 %-16.74 %29.67 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed -27.67 %-5.18 %-24.02 %1.14 %-19.57 %42.40 %
Return on Invested Capital -27.66 %-5.18 %-23.98 %0.85 %-10.71 %26.53 %
Return on Assets -25.94 %-4.83 %-22.03 %0.61 %-5.84 %16.31 %
Return on Equity -27.67 %-5.18 %-24.02 %1.14 %-19.57 %42.40 %
Return on Total Capital -6.11 %-6.26 %-25.77 %3.61 %25.11 %43.88 %
Free Cash Flow ex dividends -25.5 M-22.3 M-102.0 M-182.6 M55.4 M-634.9 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 0 M0 M0 M60 M64 M72 M
Long Term Debt 0 M0 M2 M356 M396 M645 M
Total Debt 0 M0 M2 M417 M460 M716 M
Goodwill - Gross ------
Cash & Equivalents - Generic 334 M326 M432 M177 M229 M250 M
Price To Book Value 0.500.430.641.452.421.21

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex 25.8 M11.0 M4.3 M231.5 M149.3 M1,097.1 M
Capex % of Sales ---101.09 %28.12 %88.18 %
Cost of Goods Sold 1 M1 M1 M156 M273 M517 M
Selling, General & Admin. Exp & Other 39 M34 M136 M47 M34 M87 M
Research & Development ------
Investments - Total 0 M0 M0 M0 M0 M0 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

0.8

No. Of Recommendations

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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

18/12/2024

1

Buy

$2.40

69.01%

Karoon Energy has downgraded its 2024 production guidance following the failure of two mooring chains for the Bauna production storage vessel, leading to a shutdown in output, while a hurricane has impacted Who Dat.

Ord Minnett notes guidance has declined to 10.1-10.3m barrels of oil equivalent from 10.5-10.8m barrels for 2024.

The broker lowers EPS estimates by less than -1% for 2024 to 2026.

The target for Karoon Energy is $2.40. Buy.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Goldman Sachs

20/01/2025

1

Buy

$2.04

43.66%

Goldman Sachs previews the December quarter results for energy companies.

The broker notes the energy sector declined -19% in 2024 compared to a 12% gain for the ASX300, driven by soft demand, particularly in China, despite ongoing geopolitical tensions. Goldman Sachs' commodity team expects crude oil to remain in the US$70-US$85/bbl range.

LNG prices are forecast to hold at US$13.5/mmBtu in 2025, ahead of a projected oversupply in 2027.

Goldman Sachs forecasts 4Q 2024 production for Karoon Energy at 2.4mmboe, -12% below consensus, with full-year production expected at the lower end of management's December guidance.

The target price decreases to $2.04 from $2.15. Karoon remains a top Buy-rated stock for the broker, alongside Santos, with both seen trading at deep discounts to NAV.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 8.52 cents and EPS of 35.00 cents.
Goldman Sachs forecasts a full year FY25 dividend of 10.65 cents and EPS of 35.00 cents.

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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KAR STOCK CHART

FNArena News on KAR

1
Australian Broker Call *Extra* Edition – Jan 22, 2025

1:15 PM - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Jan 20, 2025

Jan 20 2025 - Daily Market Reports
3
Rudi’s View: Best Buys & Convictions For 2025

Jan 16 2025 - Rudi's View
4
Rudi’s View: Final Best Buys & Conviction Ideas

Dec 23 2024 - Rudi's View
5
Australian Broker Call *Extra* Edition – Dec 23, 2024

Dec 23 2024 - Daily Market Reports

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