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

$1.74

25 Jul
2024

-0.055

OPEN

$1.88

-3.06%

HIGH

$1.90

9,842,139

LOW

$1.74

TARGET
$2.39

-0.09 change from previous day

 37.4% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ALD . BHP . BPT . BRU . COE . CVN . FAR . HE8 . HZN . MAY . VEA .
FNARENA'S MARKET CONSENSUS FORECASTS
KAR: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 46.7 xxx
DPS (cps) 22.8 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 3.9 xxx
Dividend Yield 12.4% xxx
Div Pay Ratio(%) 48.8% 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 © 2024 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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

26/07/2024

3

Equal-weight

$2.00

14.94%

Karoon Energy's preliminary June Q results showed production up 27% year on year and above Morgan Stanley, but below consensus owing to prolonged Bauna outages and maintenance programs.

Strikes at Brazil’s environmental regulator are holding up approvals for Karoon's repair of the production well at Baúna. Management sees its target for 3Q24 as likely to slip, and production coming in at the bottom end of guidance if the repair is deferred to 2025.

Morgan Stanley anticipates a welcome reaction to the June quarter results and capital allocation framework, including a US$25m buy-back from the first half.

Equal-weight and $2.00 target retained. Industry view: Attractive. 

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 0.00 cents and EPS of 44.24 cents.
Morgan Stanley forecasts a full year FY25 dividend of 0.00 cents and EPS of 42.72 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$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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Wilsons

11/07/2024

1

Overweight

$2.59

48.85%

Wilsons highlight the downgrade in Karoon Energy's June quarter production forecast due to a 3-week maintenance shutdown, with an expected reduction in output to 2.1mboe.

The company's 2024 production guidance has been adjusted to 10.8mboe, down -6%, cites the broker.

Karoon Energy has also restarted production at the Bauna oil field, with daily output peaking at 31kbbls/d and stabilising at 25kbbls/d.  Additional production drilling at Who Dat South well is possible later in the year, Wilsons suggests.

Overweight rating unchanged and the target lowered by -4% to $2.59.

FORECAST
Wilsons forecasts a full year FY24 dividend of 0.00 cents and EPS of 39.82 cents.
Wilsons forecasts a full year FY25 dividend of 0.00 cents and EPS of 54.62 cents.

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

KAR STOCK CHART

FNArena News on KAR

1
Next Week At A Glance – 29 Jul-2 Aug 2024

Jul 26 2024 - Weekly Reports
2
Next Week At A Glance – 22-26 July 2024

Jul 19 2024 - Weekly Reports
3
Rudi’s View: Rate Cuts, Growth & Small Caps

Jul 18 2024 - Rudi's View
4
Australian Broker Call *Extra* Edition – Jul 15, 2024

Jul 15 2024 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Jul 11, 2024

Jul 11 2024 - Daily Market Reports

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