AMPOL LIMITED (ALD)
Share Price Analysis and Chart

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ALD - AMPOL LIMITED

FNArena Sector : Consumer Products & Services
Year End: December
GICS Industry Group : NONE
Debt/EBITDA: 2.8
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

$34.23

30 Nov
2023

0.080

OPEN

$34.00

0.23%

HIGH

$34.26

1,196,153

LOW

$33.70

TARGET
$35.595 4.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
MMM . PFP . WES .
FNARENA'S MARKET CONSENSUS FORECASTS
ALD: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 317.8 311.1 xxx
DPS (cps) xxx 275.0 238.1 xxx
EPS Growth xxx 35.7% - 2.1% xxx
DPS Growth xxx 100.0% - 13.4% xxx
PE Ratio xxx N/A 11.1 xxx
Dividend Yield xxx N/A 6.9% xxx
Div Pay Ratio(%) xxx 86.5% 76.5% xxx

Dividend yield today if purchased 3 years ago: 8.96%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.95

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: 01/09 - ex-div 95c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx317.8
DPS All xxxxxxxxxxxxxxx275.0
Sales/Revenue xxxxxxxxxxxxxxx38,245.4 M
Book Value Per Share xxxxxxxxxxxxxxx1,524.1
Net Operating Cash Flow xxxxxxxxxxxxxxx948.3 M
Net Profit Margin xxxxxxxxxxxxxxx1.90 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx21.69 %
Return on Invested Capital xxxxxxxxxxxxxxx12.20 %
Return on Assets xxxxxxxxxxxxxxx6.56 %
Return on Equity xxxxxxxxxxxxxxx21.69 %
Return on Total Capital xxxxxxxxxxxxxxx12.42 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx168.3 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 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx504 M
Long Term Debt xxxxxxxxxxxxxxx3,111 M
Total Debt xxxxxxxxxxxxxxx3,614 M
Goodwill - Gross xxxxxxxxxxxxxxx680 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx126 M
Price To Book Value xxxxxxxxxxxxxxx1.86

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx406.9 M
Capex % of Sales xxxxxxxxxxxxxxx1.06 %
Cost of Goods Sold xxxxxxxxxxxxxxx35,864 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,557 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx305 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

0.3

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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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Morgan Stanley

27/10/2023

3

Equal-weight

$35.48

3.65%

Morgan Stanley lifts its target for Ampol to $35.48 from $34.82 following 3Q results and a modest lift in the the broker's 2024 refining margin estimate. An Equal-weight rating is retained. Industry view is Attractive.

Prior research by the broker on 3Q results was summarised as follows:

During 3Q results, Ampol's unveiled a Lytton Refiner Margin (LRM) 41% ahead of what both Morgan Stanley and consensus were expecting. 

The analysts' explain the Fluidised Catalytic Cracking Unit restarted in May and there was strength in gasoline and diesel product cracks.

Stronger refining margins and trading gains resulted in replacement cost operating profit (RCOP) group earnings (EBIT) rising by 61% on the previous corresponding period. This outcome exceeded forecasts by the broker and consensus by 46% and 36%, respectively.

FORECAST
Morgan Stanley forecasts a full year FY23 dividend of 223.00 cents and EPS of 320.00 cents.
Morgan Stanley forecasts a full year FY24 dividend of 185.00 cents and EPS of 264.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >

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