KAROON ENERGY LIMITED (KAR)
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KAR

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

$1.415

21 Feb
2025

0.010

OPEN

$1.43

0.71%

HIGH

$1.43

2,761,824

LOW

$1.40

TARGET
$2.092 47.8% 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) 37.4 xxx
DPS (cps) 8.2 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 3.8 xxx
Dividend Yield 5.8% xxx
Div Pay Ratio(%) 22.0% 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 xxxxxxxxxxxxxxx60.8
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx1,244.1 M
Book Value Per Share xxxxxxxxxxxxxxx167.2
Net Operating Cash Flow xxxxxxxxxxxxxxx457.2 M
Net Profit Margin xxxxxxxxxxxxxxx29.67 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx42.40 %
Return on Invested Capital xxxxxxxxxxxxxxx26.53 %
Return on Assets xxxxxxxxxxxxxxx16.31 %
Return on Equity xxxxxxxxxxxxxxx42.40 %
Return on Total Capital xxxxxxxxxxxxxxx43.88 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-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 xxxxxxxxxxxxxxx72 M
Long Term Debt xxxxxxxxxxxxxxx645 M
Total Debt xxxxxxxxxxxxxxx716 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx250 M
Price To Book Value xxxxxxxxxxxxxxx1.21

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx1,097.1 M
Capex % of Sales xxxxxxxxxxxxxxx88.18 %
Cost of Goods Sold xxxxxxxxxxxxxxx517 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx87 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

Ord Minnett

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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Citi

31/01/2025

1

Buy

$2.00

41.34%

Following yesterday's operational update, Citi opens a 90-day positive catalyst watch for Karoon Energy given a possible (earnings accretive) acquisition of a floating production storage and offloading (FPSO) at Buana.

The broker also sees upside from a possible resource upgrade at the company's Neon oil field, around 60kms northeast of the Bauna field.

A summary of yesterday's update by Karoon Energy is summarised below.

In an early take on today's largely in-line 4Q operational update by Karoon Energy, Citi highlights production of 2.6mmboe aligned with the broker's estimate, but missed by -2% against consensus.

Sales of 3.14mmboe was 4% ahead of Citi's estimate on timing of cargoes at Bauna.

Management's 2024 production cost guidance is now at US$14-15/boe, worse than US$13-15/boe prior, while finance costs and other operating costs have also been narrowed to the top end of the previous guidance ranges, observes the broker.

While 2025 production guidance of between 9.0-10.5 is in line with prior forecasts by Citi and consensus for 10.2mmboe, costs are all higher than the broker's forecasts, particularly unit opex.

Making best use of balance sheet headroom, suggests Citi, management will undertake a further US$75m on-market buyback over 2025.

Target $2.00. Buy.

FORECAST
Citi forecasts a full year FY24 dividend of 7.79 cents and EPS of 38.78 cents.
Citi forecasts a full year FY25 dividend of 3.82 cents and EPS of 19.85 cents.

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/xxxx)

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

04/02/2025

1

Buy

$2.08

47.00%

Goldman Sachs noted Karoon Energy reported strong 4Q24 result with production beating its estimate by 10% as Bauna recovered from unplanned maintenance over December.

The company intends to complete an additional US$75m over 2025 which the broker believes is a signal the stock is trading at a steep discount to its fundamental valuation.

Additionally, it reflects confidence the company maintains balance sheet capacity to potentially acquire the FPSO Cidade de Itajai vessel currently operated by Altera & Ocyan, the broker adds.

The broker revised FY24-25 EBITDA estimates by 5% and -8% respectively, primarily adjusting for accelerated Bauna production, higher maintenance operating expense at Bauna, and higher ongoing corporate costs.

Target price rises to $2.08 from $2.04. Buy rating maintained.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 9.31 cents and EPS of 36.65 cents.
Goldman Sachs forecasts a full year FY25 dividend of 7.33 cents and EPS of 24.43 cents.

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

KAR STOCK CHART

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