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

$6.02

07 Mar
2025

-0.110

OPEN

$6.08

-1.79%

HIGH

$6.13

12,263,883

LOW

$6.00

TARGET
$7.91 31.4% 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) 66.0 xxx
DPS (cps) 32.5 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 9.1 xxx
Dividend Yield 5.4% xxx
Div Pay Ratio(%) 49.3% 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: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

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

Citi

xx/xx/xxxx

1

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xx/xx/xxxx

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

20/02/2025

1

Buy

$8.20

36.21%

The Santos 2024 earnings missed expectations as lower realised prices and volumes held back revenue and one-off items weighed on costs.

Ord Minnett considers the market reaction overdone and unfounded, as the company has maintained its 2025 guidance. 2025 and 2026 estimates are trimmed by -6% and -3% and the target lowered to $8.20 from $8.40.

A Buy rating is maintained, as Ord Minnett believes the pivot to shareholder returns as a priority, rather than growth, should procure higher dividend yields versus peers.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 37.00 cents and EPS of 56.00 cents.
Ord Minnett forecasts a full year FY26 dividend of 32.00 cents and EPS of 70.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$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

Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

24/02/2025

1

Buy

$7.90

31.23%

Santos' FY24 underlying EBITDA was -3% below Goldman Sachs' estimate on slightly higher G&A costs and gain on sale adjustments. Underlying net profit of US$1.2bn was 3% higher mainly on lower D&A.

The broker highlights the company is targeting -US$100-150m in annual structural savings over the next 1-2 years, which should further support free cash flow and returns. The analyst is assuming -US$60m reduction by end-2025 and -US$125m by end-2026.

The broker made small revisions to EBITDA but EPS forecasts are unchanged. Target price of $7.9. Buy rating.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 27.53 cents and EPS of 44.35 cents.
Goldman Sachs forecasts a full year FY26 dividend of 45.88 cents and EPS of 76.46 cents.
Access Extra Coverage Research History >

STO STOCK CHART

FNArena News on STO

1
Rudi’s View: To Sell Or Not To Sell

Mar 06 2025 - Rudi's View
2
Australian Broker Call *Extra* Edition – Mar 06, 2025

Mar 06 2025 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 28-02-25

Mar 03 2025 - Weekly Reports
4
All Eyes On Woodside’s Lousiana LNG Sell Down

Feb 27 2025 - Commodities
5
Australian Broker Call *Extra* Edition – Feb 25, 2025

Feb 25 2025 - Daily Market Reports

Latest NatGas News

1
All Eyes On Woodside’s Lousiana LNG Sell Down

Feb 27 2025 - Commodities
2
Is Santos A Re-Rating In Waiting?

Jan 29 2025 - Commodities
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Jan 14 2025 - Technicals
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Santos Shifts From Growth To Shareholder Return

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