BEACH ENERGY LIMITED (BPT)
Share Price Analysis and Chart

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BPT - BEACH ENERGY LIMITED

FNArena Sector : Crude Oil
Year End: June
GICS Industry Group : Energy
Debt/EBITDA: 0.41
Index: ASX200 | ASX300 | ALL-ORDS

Beach Energy is an Australian oil and gas exploration and production company and is the largest onshore oil producer locally. Founded in 1961 as Beach Petroleum it listed in 1972 and changed its name to Beach Energy in 2009.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.615

18 Apr
2024

-0.005

OPEN

$1.61

-0.31%

HIGH

$1.63

3,706,021

LOW

$1.60

TARGET
$1.937 19.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALD . BHP . BRU . BYE . COE . CVN . FAR . HE8 . HZN . KAR . MAY . VEA .
FNARENA'S MARKET CONSENSUS FORECASTS
BPT: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx N/A 16.7 xxx
DPS (cps) xxx N/A 3.9 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 9.7 xxx
Dividend Yield xxx N/A 2.4% xxx
Div Pay Ratio(%) xxx N/A 23.3% xxx

Dividend yield today if purchased 3 years ago: 2.27%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.48

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: 28/02 - ex-div 2c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx17.6
DPS All xxxxxxxxxxxxxxx4.0
Sales/Revenue xxxxxxxxxxxxxxx1,646.4 M
Book Value Per Share xxxxxxxxxxxxxxx170.1
Net Operating Cash Flow xxxxxxxxxxxxxxx928.6 M
Net Profit Margin xxxxxxxxxxxxxxx24.34 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx10.81 %
Return on Invested Capital xxxxxxxxxxxxxxx10.12 %
Return on Assets xxxxxxxxxxxxxxx7.29 %
Return on Equity xxxxxxxxxxxxxxx10.81 %
Return on Total Capital xxxxxxxxxxxxxxx14.09 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-165.8 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 xxxxxxxxxxxxxxx11 M
Long Term Debt xxxxxxxxxxxxxxx398 M
Total Debt xxxxxxxxxxxxxxx409 M
Goodwill - Gross xxxxxxxxxxxxxxx57 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx219 M
Price To Book Value xxxxxxxxxxxxxxx0.79

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx1,170.6 M
Capex % of Sales xxxxxxxxxxxxxxx71.10 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,068 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx19 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

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

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

09/04/2024

1

Buy

$1.70

5.26%

Citi expects the 1H of FY25, and to a lesser extent the 2H of FY25, will potentially reveal reliability issues at Waitsia as quality issues in construction may continue to plague the project. 

The broker adopts this view following management's downgraded guidance for Waitsia capturing quality issues at the plant plus an expectation of further issues, which may not transpire.

It's noted the negative share price reaction was greater than Citi's entire 25cps Waitsia valuation.

FY24 capex guidance is unchanged but an additional -$150m capex net to Beach Energy is will likely be incurred in FY25.

Citi assumes a longer ramp-up at Waitsia and period of poor reliability as cascading quality issues may affect the time and cost to reach nameplate capacity.

Buy. Target $1.70, which appears to be -10c lower than the broker's prior target.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

BPT STOCK CHART

FNArena News on BPT

1
Rudi’s View: Shaky Sentiment Ahead Of Corporate Updates

Apr 17 2024 - Rudi's View
2
Australian Broker Call *Extra* Edition – Apr 16, 2024

Apr 16 2024 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Apr 15, 2024

Apr 15 2024 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Apr 11, 2024

Apr 11 2024 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Apr 08, 2024

Apr 08 2024 - Daily Market Reports

Latest Crude Oil News

1
Oil Price Surge Not Expected

Apr 15 2024 - Commodities
2
A Multi-Month Up-Trend For Beach Energy

Apr 02 2024 - Technicals
3
Crude Oil: On Watch

Mar 27 2024 - Technicals
4
Oil Market Not Concerned, And Not Concerning

Oct 25 2023 - Commodities
5
Karoon Energy Shares Ready To Run

Oct 17 2023 - Technicals
6
Crude Oil: Further Weakness Ahead

May 04 2023 - Technicals
7
Viva Energy: Emphasis Swings Toward Convenience Retail  

Apr 13 2023 - Australia
8
Crude Oil: Poised For Upside

Nov 30 2022 - Technicals
9
Brokers Set Higher Targets For Karoon Energy, Again

Oct 10 2022 - Small Caps
10
Crude Oil: Longer Term Higher

Jul 20 2022 - Technicals