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

$7.72

16 Jun
2025

0.760

OPEN

$8.00

10.92%

HIGH

$8.02

46,457,532

LOW

$7.68

TARGET
$7.877

+0.52 change from previous day

 2.0% 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) 51.6 xxx
DPS (cps) 25.7 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 14.9 xxx
Dividend Yield 3.3% xxx
Div Pay Ratio(%) 49.8% 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: 5.40%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.47

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

4

xxxxxxxxx xx xxxx xxxx xxxx

$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

Ord Minnett

17/06/2025

2

Downgrade to Accumulate from Buy

$7.90

2.33%

Ord Minnett notes Santos received an indicative takeover offer from a consortium that includes Abu Dhabi sovereign wealth fund and Carlyle Group for US$5.76/share ($8.89).

The broker reckons the share price didn't rise to the offer price on the announcement, likely because investors see risks of FIRB approval and the long timeline to get various approvals. The broker, however, believes the regulatory risks are overdone.

In the analyst's view, a change in ownership is unlikely to lead to a cut in domestic gas supply. The broker believes any undertaking to regulators to divest non-core assets wouldn't be an issue, as Beach Energy ((BPT)) would likely be ready to acquire them.

The broker expects the deal to be completed in the March quarter of 2026.

Rating downgraded to Accumulate from Buy. Target lifted to $7.90 from $7.50.

Morgan Stanley

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

UBS

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
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

30/04/2025

2

Overweight

$6.70

-13.21%

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 24.06 cents and EPS of 44.57 cents.
Jarden forecasts a full year FY26 dividend of 25.60 cents and EPS of 59.38 cents.
Access Extra Coverage Research History >

STO STOCK CHART

FNArena News on STO

1
Rudi’s View: Amcor, GQG, IPH, Data#3 & Qualitas

Jun 12 2025 - Rudi's View
2
Rudi’s View: NextDC, QBE, Superloop & Woodside

Jun 05 2025 - Rudi's View
3
Next Week At A Glance – 2-6 June 2025

May 30 2025 - Weekly Reports
4
Rudi’s View: The Contrarians’ View

May 29 2025 - Rudi's View
5
Rudi’s View: Rate Cut Winners & AI Beneficiaries

May 22 2025 - Rudi's View

Latest NatGas News

1
Meet LGI, Alternative Clean Energy Producer

Apr 10 2025 - Small Caps
2
All Eyes On Woodside’s Lousiana LNG Sell Down

Feb 27 2025 - Commodities
3
Is Santos A Re-Rating In Waiting?

Jan 29 2025 - Commodities
4
Better Times Ahead For Woodside Shares

Jan 14 2025 - Technicals
5
Santos Shifts From Growth To Shareholder Return

Nov 25 2024 - Australia
6
Beach Energy: For True Believers Only?

Oct 22 2024 - Australia
7
Woodside US LNG Purchase Stirs Heated Debate

Aug 01 2024 - Commodities
8
Karoon Strikes The Right Balance

Jul 30 2024 - Commodities
9
Cooper Energy Ready For East Coast Gas Deficit

Jun 13 2024 - Small Caps
10
Life’s A Beach Under New CEO

Feb 14 2024 - Australia