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

$7.80

18 Jul
2025

0.030

OPEN

$7.76

0.39%

HIGH

$7.80

9,514,561

LOW

$7.75

TARGET
$8.327

+0.16 change from previous day

 6.8% 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) 53.5 xxx
DPS (cps) 28.5 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 14.7 xxx
Dividend Yield 3.6% xxx
Div Pay Ratio(%) 53.3% 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: 5.80%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.37

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

0.5

No. Of Recommendations

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

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

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

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

Morgan Stanley

18/07/2025

3

Equal-weight

$8.88

13.85%

Morgan Stanley flags a "muted" reaction to Santos' June quarter update, with production expected at 22.2mboe, a rise of 1% on the prior quarter and up 3% compared to Morgan Stanley's estimate of 2% growth.

Cooper flood impacts offset a successful well intervention in WA, the broker states.

Management lowered the top end of 2025 production guidance to 90–95mboe versus 90–97mboe previously, and unit production costs to US$7–US$7.4/boe from US$7–US$7.05/boe.

No change to Equal-weight rating with an $8.88 target. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 29.07 cents and EPS of 49.47 cents.
Morgan Stanley forecasts a full year FY26 dividend of 31.69 cents and EPS of 63.39 cents.

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

Morgans

xx/xx/xxxx

4

xxxx

$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

17/07/2025

2

Overweight

$8.40

7.69%

Santos is due to report its 2Q2025 update today (July 17), with Jarden anticipating production of 21.8mmboe, which is largely flat on the previous quarter.

Commentary suggests the market is likely to concentrate on any due diligence updates, as well as commentary on Barossa and Pikka, with some risks to the downside for production guidance in 2025.

No change to Overweight rating. Target set at $8.40.

FORECAST
Jarden forecasts a full year FY25 dividend of 25.05 cents and EPS of 45.45 cents.
Jarden forecasts a full year FY26 dividend of 30.46 cents and EPS of 66.33 cents.
Access Extra Coverage Research History >

STO STOCK CHART

FNArena News on STO

1
Rudi’s View: Aussie Broadband, oOh!media, Paladin Energy, Seek, Xero & More

Jul 17 2025 - Rudi's View
2
Australian Broker Call *Extra* Edition – Jul 17, 2025

Jul 17 2025 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 11-07-25

Jul 14 2025 - Weekly Reports
4
Next Week At A Glance – 14-18 Jul 2025

Jul 11 2025 - Weekly Reports
5
Rudi’s View: Gold stocks & Miners, DigiCo, Pinnacle & More

Jul 10 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