AGL ENERGY LIMITED (AGL)
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AGL

AGL - AGL ENERGY LIMITED

FNArena Sector : Infrastructure & Utilities
Year End: June
GICS Industry Group : Utilities
Debt/EBITDA: 1.67
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

AGL Energy owns and operates several power stations and is developing several renewable energy projects. The company also supplies gas for residential and commercial use. AGL was the second company to list on the Sydney stock exchange in 1871.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$8.39

17 Sep
2026

0.060

OPEN

$8.43

0.72%

HIGH

$8.43

2,507,815

LOW

$8.31

TARGET
$9.674 15.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AIA . ALX . APA . CEN . DBI . DBI . GNE . GNP . LGI . MEZ . ORG . SRJ . TCL .
FNARENA'S MARKET CONSENSUS FORECASTS
AGL: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 112.4 87.1 xxx
DPS (cps) xxx 50.0 49.7 xxx
EPS Growth xxx N/A - 22.5% xxx
DPS Growth xxx 4.2% - 0.6% xxx
PE Ratio xxx N/A 9.7 xxx
Dividend Yield xxx N/A 5.9% xxx
Div Pay Ratio(%) xxx 44.5% 57.0% xxx

Dividend yield today if purchased 3 years ago: 4.65%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.92

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: 25/08 - ex-div 26.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx112.4
DPS All xxxxxxxxxxxxxxx50.0
Sales/Revenue xxxxxxxxxxxxxxx13,590.0 M
Book Value Per Share xxxxxxxxxxxxxxx784.2
Net Operating Cash Flow xxxxxxxxxxxxxxx1,148.0 M
Net Profit Margin xxxxxxxxxxxxxxx5.56 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx14.92 %
Return on Invested Capital xxxxxxxxxxxxxxx8.86 %
Return on Assets xxxxxxxxxxxxxxx4.70 %
Return on Equity xxxxxxxxxxxxxxx14.92 %
Return on Total Capital xxxxxxxxxxxxxxx16.37 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-619.0 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx174 M
Long Term Debt xxxxxxxxxxxxxxx3,860 M
Total Debt xxxxxxxxxxxxxxx4,034 M
Goodwill - Gross xxxxxxxxxxxxxxx3,220 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx710 M
Price To Book Value xxxxxxxxxxxxxxx1.06

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx1,438.0 M
Capex % of Sales xxxxxxxxxxxxxxx10.58 %
Cost of Goods Sold xxxxxxxxxxxxxxx11,713 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx447 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx935 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

0.1

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

13/08/2026

1

Buy

$10.90

29.92%

On further inspection post the first look below, Citi lowers the target to $10.90 from $11 and retains a Buy rating.

The move up in share price post result is considered more of a relief rally against a backdrop of market caution and weaker power prices.

As the energy sector transitions, the journey is expected to be bumpy and as such AGL's portfolio is viewed as "well positioned" to benefit.

FY27 EBITDA forecasts are trimmed by -5% due to more moderate BESS (batteries) earnings estimates.

***

At first glance, AGL Energy achieved strong generation reliability and retail execution, which helped deliver FY26 underlying NPAT of $631m and EBITDA of $2.1bn, broadly matching expectations despite softer energy markets.

Citi views FY27 guidance as solid, with underlying EBITDA of $1.9bn-$2.2bn and NPAT of $470m-$670m, supported by a full-year contribution from the Liddell battery.

The main disappointment for the analyst is the Retail Transformation Program, which requires an additional -$100m-$150m of investment while expected annual benefits of $70m-$90m have been pushed out to FY30.

Citi also flags a weaker medium-term outlook for battery earnings, forecasting FY28 EBITDA around -32% below its previous assumption.

Buy. Target $11.

FORECAST
Citi forecasts a full year FY27 dividend of 51.50 cents and EPS of 93.70 cents.
Citi forecasts a full year FY28 dividend of 45.90 cents and EPS of 91.80 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

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
Access Extra Coverage Research History >

AGL STOCK CHART

FNArena News on AGL

1
ESG Focus: From Ambition To Monetisation

Sep 17 2026 - ESG Focus
2
Treasure Chest: AGL Energy

Sep 14 2026 - Treasure Chest
3
Rudi’s View: Resilient, But August Fails To Excite

Sep 02 2026 - Rudi's View
4
Weekly Ratings, Targets, Forecast Changes – 28-08-26

Aug 31 2026 - Weekly Reports
5
Weekly Ratings, Targets, Forecast Changes – 14-08-26

Aug 17 2026 - Weekly Reports

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