SANTOS LIMITED (STO)
Share Price Analysis and Chart

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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

$5.84

05 May
2025

-0.240

OPEN

$5.95

-3.95%

HIGH

$5.96

12,750,403

LOW

$5.81

TARGET
$7.653 31.1% upside
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) 51.5 xxx
DPS (cps) 25.7 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.3 xxx
Dividend Yield 4.4% xxx
Div Pay Ratio(%) 49.9% 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: 5.26%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.97

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

0.8

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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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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UBS

11/04/2025

1

Buy

$7.80

33.56%

UBS lowers the oil price forecast again as OPEC is accelerating further production increases and global oil demand is expected to be weaker, with growth weakening over trade tensions.

The broker has cut the Brent forecast by -US$6/bbl to US$66/bbl in 2025 and by -US$7/bbl to US$65/bbl in 2026, with the long-term target price steady at US$75/bbl.

Santos remains the preferred pure-play, followed by Beach Energy ((BPT)), and Woodside Energy ((WDS)) is the least preferred.

The analyst lowers EPS estimates by -14% and -15% for 2025/2026, respectively.

Target price lowered to $7.80 from $8.

FORECAST
UBS forecasts a full year FY25 EPS of 54.42 cents.
UBS forecasts a full year FY26 EPS of 75.79 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

30/04/2025

2

Overweight

$6.70

14.73%

Jarden retains an Overweight rating for Santos following an in-line March quarter update. Production of 21.9mmboe broadly matched the broker's estimates and free cash flow of $465m exceeded expectations due to higher realised gas prices.

The broker highlights Barossa LNG delivery remains the key focus, noting the project is 95.2% complete but still reliant on final Environment Plan approval before first gas into Darwin LNG.

A faster-than-forecast ramp-up at Pikka Phase 1, now expected to reach 80,000bopd by mid-2026, could help offset Barossa-related gearing concerns, suggest the analysts.

The broker upgrades FY25 earnings (EBITDA) by around 2% on stronger realised sales and makes minor adjustments to FY26-27 production and cost assumptions.

Jarden retains a $6.70 target price and Overweight rating.

FORECAST
Jarden forecasts a full year FY25 dividend of 23.98 cents and EPS of 44.43 cents.
Jarden forecasts a full year FY26 dividend of 25.52 cents and EPS of 59.19 cents.
Access Extra Coverage Research History >

STO STOCK CHART

FNArena News on STO

1
Australian Broker Call *Extra* Edition – Apr 30, 2025

Apr 30 2025 - Daily Market Reports
2
Next Week At A Glance – 28 Apr – 2 May, 2025

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Apr 24 2025 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Apr 20, 2025

Apr 22 2025 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Apr 14, 2025

Apr 14 2025 - Daily Market Reports

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