ORIGIN ENERGY LIMITED (ORG)
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ORG

ORG - ORIGIN ENERGY LIMITED

FNArena Sector : Infrastructure & Utilities
Year End: June
GICS Industry Group : Utilities
Debt/EBITDA: 2.38
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Origin Energy is an integrated energy company with electricity and gas retailing, power generation, natural gas production and a major interest in Australia Pacific LNG. It also holds an investment in Octopus Energy.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$11.26

12 Aug
2026

0.320

OPEN

$11.00

2.93%

HIGH

$11.43

6,073,726

LOW

$11.00

TARGET
$11.32 0.5% upside
Franking for last dividend paid out: 80%
OTHER COMPANIES IN THE SAME SECTOR
AGL . AIA . ALX . APA . CEN . DBI . DBI . GNE . GNP . MEZ . SRJ . TCL .
FNARENA'S MARKET CONSENSUS FORECASTS
ORG: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 86.2 65.9 xxx
DPS (cps) xxx 60.0 61.3 xxx
EPS Growth xxx 6.3% - 23.5% xxx
DPS Growth xxx - 91.2% 2.2% xxx
PE Ratio xxx N/A 18.0 xxx
Dividend Yield xxx N/A 5.2% xxx
Div Pay Ratio(%) xxx 69.6% 93.0% xxx

Dividend yield today if purchased 3 years ago: 7.12%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.06

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: 02/03 - ex-div 29.00c (franking 80%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx86.2
DPS All xxxxxxxxxxxxxxx60.0
Sales/Revenue xxxxxxxxxxxxxxx17,118.0 M
Book Value Per Share xxxxxxxxxxxxxxx578.1
Net Operating Cash Flow xxxxxxxxxxxxxxx1,054.0 M
Net Profit Margin xxxxxxxxxxxxxxx8.65 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx15.26 %
Return on Invested Capital xxxxxxxxxxxxxxx10.78 %
Return on Assets xxxxxxxxxxxxxxx7.15 %
Return on Equity xxxxxxxxxxxxxxx15.26 %
Return on Total Capital xxxxxxxxxxxxxxx11.13 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-1,338.0 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx76 M
Long Term Debt xxxxxxxxxxxxxxx4,766 M
Total Debt xxxxxxxxxxxxxxx4,842 M
Goodwill - Gross xxxxxxxxxxxxxxx2,106 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,015 M
Price To Book Value xxxxxxxxxxxxxxx1.87

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx1,473.0 M
Capex % of Sales xxxxxxxxxxxxxxx8.60 %
Cost of Goods Sold xxxxxxxxxxxxxxx14,916 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx665 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx7,986 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

0.2

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

03/08/2026

5

Underweight

$10.35

-8.08%

Morgan Stanley expects a muted market reaction to Origin Energy's June quarter update, with supportive LNG prices offset by weaker electricity forward prices.

FY27 APLNG production guidance of 625PJ-670PJ was broadly in line with expectations, while total expenditure guidance of $3.0bn-$3.3bn was below forecasts.

FY26 energy markets EBITDA guidance of $1.6bn-$1.75bn met expectations, although Octopus Energy EBITDA guidance of around $20m was weaker than forecast despite Kraken growing contracted accounts by 28% year-on-year to 95 million.

The broker notes Australia Pacific LNG distributions of $911m exceeded its forecast, while adjusted net debt of $4.6bn came in below expectations.

Morgan Stanley retains an Underweight rating and $10.35 target price. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY26 EPS of 63.50 cents.
Morgan Stanley forecasts a full year FY27 EPS of 60.50 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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

06/08/2026

2

Overweight

$11.50

2.13%

Jarden observes delays, planned and unplanned outages and price lags have meant that most energy stocks were unable to take full advantage of the higher oil/LNG prices in the June quarter.

The broker expects a 180-degree turnaround in the next 12 months amid higher production, higher price realisations and lower capital expenditure.

For Origin Energy, Jarden expects the focus at the results on 13 August will be on FY27 energy markets EBITDA guidance and how the company can offset weakening wholesale electricity prices arising from the surge in battery investment. Target is $11.50. Overweight.

FORECAST
Jarden forecasts a full year FY26 dividend of 60.00 cents and EPS of 66.30 cents.
Access Extra Coverage Research History >

ORG STOCK CHART

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