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

$5.65

17 Apr
2025

0.160

OPEN

$5.51

2.91%

HIGH

$5.68

8,916,673

LOW

$5.51

TARGET
$7.675 35.8% 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) 52.2 xxx
DPS (cps) 25.3 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 10.8 xxx
Dividend Yield 4.5% xxx
Div Pay Ratio(%) 48.6% 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: 5.16%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.59

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

08/04/2025

1

Buy

$7.60

34.51%

In the tariff-related macro uncertainty environment, Citi analysts believe gold stands to benefit as a safe haven exposure, while oil, copper and coking coal would be exposed to growth risks.

The broker's downside scenario showed earnings coming under pressure but balance sheets broadly manageable.

Commodity prices under such a scenario for 2025-26 include iron ore at US$90/US$80 per ton, brent oil at US$58/US$50 per barrel, LNG at $9.2/$7.7 per MMBtu and copper at US$8,425/US$7,500 per ton.

Buy retained for Santos. Target $7.60.

FORECAST
Citi forecasts a full year FY25 dividend of 23.04 cents and EPS of 60.68 cents.
Citi forecasts a full year FY26 dividend of 41.48 cents and EPS of 58.37 cents.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$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

13/04/2025

2

Overweight

$6.70

18.58%

Jarden cut the forecast for Brent oil price for the remainder of 2025 and for 2026-27 to US$65/bbl from US$75/bbl. The broker also revised the AUD/USD forecast to 0.62 from 0.64 from April.

While OPEC-plus members would desire to keep oil prices near US$80/bbl, the broker believes that given oil markets' tendency to react negatively and quickly to any growth uncertainties, prices are likely to stay low.

For the March quarter, the analyst expects Santos to report flat quarter-on-quarter production and sales, but a -9% drop in revenue due to lower realised LNG price.

EPS forecast for FY25 cut by -25% and by -21% for FY26 largely due to lower oil price forecasts.

Overweight. Target cut to $6.70 from $7.60.

FORECAST
Jarden forecasts a full year FY25 dividend of 23.81 cents and EPS of 42.24 cents.
Jarden forecasts a full year FY26 dividend of 24.42 cents and EPS of 57.30 cents.
Access Extra Coverage Research History >

STO STOCK CHART

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