WOODSIDE ENERGY GROUP LIMITED (WDS)
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WDS - WOODSIDE ENERGY GROUP LIMITED

FNArena Sector : NatGas
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: 0.65
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$24.25

13 Sep
2024

0.330

OPEN

$24.55

1.38%

HIGH

$24.59

4,811,151

LOW

$24.16

TARGET
$29.833 23.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
APA . BLU . COE . COI . CTP . GHY . GLL . KAR . ORG . STO . STX . TBN .
FNARENA'S MARKET CONSENSUS FORECASTS
WDS: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 250.7 xxx
DPS (cps) 193.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 9.7 xxx
Dividend Yield 8.0% xxx
Div Pay Ratio(%) 77.0% 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: 12.05%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 10.46

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: 05/09 - ex-div 101.83c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx131.9
DPS All xxxxxxxxxxxxxxx216.0
Sales/Revenue xxxxxxxxxxxxxxx21,069.2 M
Book Value Per Share xxxxxxxxxxxxxxx2,658.0
Net Operating Cash Flow xxxxxxxxxxxxxxx8,783.2 M
Net Profit Margin xxxxxxxxxxxxxxx11.87 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx4.81 %
Return on Invested Capital xxxxxxxxxxxxxxx4.09 %
Return on Assets xxxxxxxxxxxxxxx2.97 %
Return on Equity xxxxxxxxxxxxxxx4.81 %
Return on Total Capital xxxxxxxxxxxxxxx12.73 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-5,224.7 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx437 M
Long Term Debt xxxxxxxxxxxxxxx9,086 M
Total Debt xxxxxxxxxxxxxxx9,523 M
Goodwill - Gross xxxxxxxxxxxxxxx6,554 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,550 M
Price To Book Value xxxxxxxxxxxxxxx1.17

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx7,971.2 M
Capex % of Sales xxxxxxxxxxxxxxx37.83 %
Cost of Goods Sold xxxxxxxxxxxxxxx12,382 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx682 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx541 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

0.2

No. Of Recommendations

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

Citi

xx/xx/xxxx

5

xxxxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Morgans

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

28/08/2024

3

Neutral

$31.00

27.84%

Woodside Energy reported higher than expected 1H24 net profit with a better-than-expected dividend on an 80% payout at the top end of the targeted range, UBS observes.

The broker points to "encouraging" performance from the first nine of twelve wells at Sangomar oil project, but reservoir connectivity problems remain, putting a cap on the analyst's peak production estimates.

EPS forecasts are lowered by -3% for FY25/FY26, UBS highlights due to higher depreciation/amortisation costs offsetting lower production costs.

The dividend payout ratio is expected to remain at 80% of net profits in 2024 with weaker oil prices expected to pressure the board to lower the payouts rather than capex solely, UBS states.

Neutral rated. Target price moves to $31 from $30.70.

FORECAST
UBS forecasts a full year FY24 dividend of 211.25 cents and EPS of 262.92 cents.
UBS forecasts a full year FY25 dividend of 161.09 cents and EPS of 202.13 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxxxxxx xx xxxxx-xxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

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

3

xxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

02/09/2024

3

Neutral

$31.70

30.72%

Due to higher-than-expected costs and a tax expense, Woodside Energy's 1H underlying profit and US69c dividend missed Goldman Sachs forecasts by -6% and -5%, respectively.

The broker is encouraged by early Sangomar oil production which reached around 100 kbbl/d ay capacity in July after around one month of operations but remains cautious over potential royalty changes from the Senegalese government.

Woodside's 2024 production guidance for 189-195 mmboe is unchanged. Scarborough remains on track for first LNG cargo in 2026.

The target falls by -5% to $31.70. The Neutral rating is unchanged.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 126.75 cents and EPS of 158.06 cents.
Goldman Sachs forecasts a full year FY25 dividend of 110.94 cents and EPS of 138.30 cents.
Access Extra Coverage Research History >

WDS STOCK CHART

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