SANTOS LIMITED (STO)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

STO

STO - SANTOS LIMITED

FNArena Sector : NatGas
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: 2.02
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Santos is Australia's number one domestic gas supplier and aims to be a leading Asia-Pacific LNG supplier. Santos was founded in 1954 and made its first significant discovery of natural gas in the Cooper Basin in 1963. the name is an acronym of South Australia Northern Territory Oil Search.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$8.00

01 Sep
2025

-0.020

OPEN

$8.00

-0.25%

HIGH

$8.02

4,336,847

LOW

$7.97

TARGET
$8.695 8.7% upside
Franking for last dividend paid out: 9%
OTHER COMPANIES IN THE SAME SECTOR
AEL . APA . BLU . COI . CRD . CTP . GHY . GLL . KAR . ORG . STX . TBN . WDS .
FNARENA'S MARKET CONSENSUS FORECASTS
STO: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 56.2 xxx
DPS (cps) 36.7 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 13.9 xxx
Dividend Yield 4.7% xxx
Div Pay Ratio(%) 65.3% 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: 5.42%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.36

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: 26/08 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx57.3
DPS All xxxxxxxxxxxxxxx35.5
Sales/Revenue xxxxxxxxxxxxxxx8,299.0 M
Book Value Per Share xxxxxxxxxxxxxxx774.5
Net Operating Cash Flow xxxxxxxxxxxxxxx3,797.8 M
Net Profit Margin xxxxxxxxxxxxxxx22.36 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx7.82 %
Return on Invested Capital xxxxxxxxxxxxxxx5.74 %
Return on Assets xxxxxxxxxxxxxxx3.89 %
Return on Equity xxxxxxxxxxxxxxx7.82 %
Return on Total Capital xxxxxxxxxxxxxxx7.95 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-1,106.7 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx1,433 M
Long Term Debt xxxxxxxxxxxxxxx9,369 M
Total Debt xxxxxxxxxxxxxxx10,802 M
Goodwill - Gross xxxxxxxxxxxxxxx2,415 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,961 M
Price To Book Value xxxxxxxxxxxxxxx0.86

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx3,640.1 M
Capex % of Sales xxxxxxxxxxxxxxx43.86 %
Cost of Goods Sold xxxxxxxxxxxxxxx5,391 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx233 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx704 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

0.7

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

26/08/2025

1

Buy

$8.50

6.25%

Buy rating retained and UBS' price target has improved to $8.50 from $7.90 post what UBS describes as an in line interim result from Santos, with a US13.4c interim dividend and 2025 production guidance reaffirmed.

The broker argues the XRG-led acquisition proposal underscores value in undeveloped assets and reduces downside risk even if the bid falters.

Commentary highlights a potential binding SIA with the XRG consortium is targeted around 19 September 2025.

FORECAST
UBS forecasts a full year FY25 dividend of 38.75 cents and EPS of 60.45 cents.
UBS forecasts a full year FY26 dividend of 49.60 cents and EPS of 75.94 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
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

01/09/2025

2

Overweight

$8.40

5.00%

Update on the ADNOC-led consortium’s indicative bid for Santos took priority over its 1H25 result. The company confirmed it has granted the consortium a further four weeks for due diligence.

It warned the consortium may need to compensate shareholders if delays extend further. Overall, Jarden reckons the deal remains broadly on track, but with some additional delays.

EBITDAX for 1H25 of US$1.758bn was 1% higher than the consensus but -2% below the broker's forecast. Underlying net profit also missed the broker's forecast.

The company announced US13.4c dividend which means the bid price of US$5.76/share will be adjusted by the amount.

Overweight. Target unchanged at $8.40.

FORECAST
Jarden forecasts a full year FY25 dividend of 35.80 cents and EPS of 47.58 cents.
Jarden forecasts a full year FY26 dividend of 36.27 cents and EPS of 62.31 cents.
Access Extra Coverage Research History >

STO STOCK CHART

FNArena News on STO

1
Australian Broker Call *Extra* Edition – Sep 01, 2025

Sep 01 2025 - Daily Market Reports
2
FNArena Corporate Results Monitor – 26-08-2025

Aug 26 2025 - Australia
3
Next Week At A Glance – 25-29 Aug 2025

Aug 22 2025 - Weekly Reports
4
Weekly Ratings, Targets, Forecast Changes – 15-08-25

Aug 18 2025 - Weekly Reports
5
Next Week At A Glance – 18-22 Aug 2025

Aug 15 2025 - Weekly Reports

Latest NatGas News

1
Woodside Shares Targeting $30

Aug 12 2025 - Technicals
2
Meet LGI, Alternative Clean Energy Producer

Apr 10 2025 - Small Caps
3
All Eyes On Woodside’s Lousiana LNG Sell Down

Feb 27 2025 - Commodities
4
Is Santos A Re-Rating In Waiting?

Jan 29 2025 - Commodities
5
Better Times Ahead For Woodside Shares

Jan 14 2025 - Technicals
6
Santos Shifts From Growth To Shareholder Return

Nov 25 2024 - Australia
7
Beach Energy: For True Believers Only?

Oct 22 2024 - Australia
8
Woodside US LNG Purchase Stirs Heated Debate

Aug 01 2024 - Commodities
9
Karoon Strikes The Right Balance

Jul 30 2024 - Commodities
10
Cooper Energy Ready For East Coast Gas Deficit

Jun 13 2024 - Small Caps