AMPOL LIMITED (ALD)
Share Price Analysis and Chart

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ALD

ALD - AMPOL LIMITED

FNArena Sector : Consumer Products & Services
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: 5.59
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Ampol (previously branded as Caltex Australia) is an Australian petroleum company first incorporated in 1936 in New South Wales. The company first listed on the ASX in 1948.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$27.75

26 Feb
2026

0.000

OPEN

$27.80

0.000

HIGH

$27.97

687,605

LOW

$27.58

TARGET
$32.833 18.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
PFP . WES .
FNARENA'S MARKET CONSENSUS FORECASTS
ALD: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 34.6 199.1 xxx
DPS (cps) xxx 100.0 118.0 xxx
EPS Growth xxx - 32.7% 100.0% xxx
DPS Growth xxx 53.8% 18.0% xxx
PE Ratio xxx N/A 14.2 xxx
Dividend Yield xxx N/A 4.2% xxx
Div Pay Ratio(%) xxx 289.2% 59.3% xxx

Dividend yield today if purchased 3 years ago: 3.03%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.55

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: 29/08 - ex-div 40.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx34.6
DPS All xxxxxxxxxxxxxxx100.0
Sales/Revenue xxxxxxxxxxxxxxx30,995.9 M
Book Value Per Share xxxxxxxxxxxxxxx1,274.2
Net Operating Cash Flow xxxxxxxxxxxxxxx752.3 M
Net Profit Margin xxxxxxxxxxxxxxx0.27 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx2.66 %
Return on Invested Capital xxxxxxxxxxxxxxx1.24 %
Return on Assets xxxxxxxxxxxxxxx0.63 %
Return on Equity xxxxxxxxxxxxxxx2.66 %
Return on Total Capital xxxxxxxxxxxxxxx3.42 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-37.5 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx713 M
Long Term Debt xxxxxxxxxxxxxxx3,501 M
Total Debt xxxxxxxxxxxxxxx4,213 M
Goodwill - Gross xxxxxxxxxxxxxxx662 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx58 M
Price To Book Value xxxxxxxxxxxxxxx2.51

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx701.4 M
Capex % of Sales xxxxxxxxxxxxxxx2.26 %
Cost of Goods Sold xxxxxxxxxxxxxxx28,878 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,856 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx235 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

1.0

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

24/02/2026

1

Buy

$35.00

26.13%

Ampol posted 2025 earnings that matched recent guidance although the final dividend fell short of market expectations. The payout was nevertheless in line with Ord Minnet's forecasts as the broker had incorporated some caution into its model.

The key negative from the result for Ord Minnett was surprisingly high capital expenditure on the Lytton refinery in Brisbane in both 2025 and in guidance for 2026, which the broker attributes to the ultra-low sulphur gasoline (ULSG) conversion project running over budget.

EPS estimates are lowered by -12.8% and -6.5% for 2026 and 2027 to incorporate higher D&A charges, lower refining margins and softness in the international arm of its fuel and infrastructure division, with some compensation from cost savings at Lytton.

Target falls to $35.00 from $35.50. Buy retained on valuation grounds and a view the EG Australia acquisition will prove to be step-change for the business and generate opportunities for special dividends and/or further M&A from 2027.

UBS

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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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 >

ALD STOCK CHART

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