BEACH ENERGY LIMITED (BPT)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

BPT - BEACH ENERGY LIMITED

FNArena Sector : Crude Oil
Year End: June
GICS Industry Group : Energy
Debt/EBITDA: 0.11
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

$1.33

23 Mar
2023

-0.020

OPEN

$1.34

-1.48%

HIGH

$1.35

5,553,580

LOW

$1.33

TARGET
$1.891 42.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
HZN . TAP . FAR . BRU . ALD . DLS . KAR . SXY . BHP . VEA . COE . SAE . CVN . BYE . HE8 .
FNARENA'S MARKET CONSENSUS FORECASTS
BPT: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 22.0 17.6 xxx
DPS (cps) xxx 2.0 4.9 xxx
EPS Growth xxx 58.3% - 19.9% xxx
DPS Growth xxx 0.0% 100.0% xxx
PE Ratio xxx N/A 7.5 xxx
Dividend Yield xxx N/A 3.7% xxx
Div Pay Ratio(%) xxx 9.1% 27.8% xxx

Dividend yield today if purchased 3 years ago: 2.06%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.52

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: 27/02 - ex-div 2c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx22.0
DPS All xxxxxxxxxxxxxxx2.0
Sales/Revenue xxxxxxxxxxxxxxx1,771.4 M
Book Value Per Share xxxxxxxxxxxxxxx155.3
Net Operating Cash Flow xxxxxxxxxxxxxxx1,223.2 M
Net Profit Margin xxxxxxxxxxxxxxx28.27 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx15.11 %
Return on Invested Capital xxxxxxxxxxxxxxx14.45 %
Return on Assets xxxxxxxxxxxxxxx9.90 %
Return on Equity xxxxxxxxxxxxxxx15.11 %
Return on Total Capital xxxxxxxxxxxxxxx20.59 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx381.4 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 xxxxxxxxxxxxxxx15 M
Long Term Debt xxxxxxxxxxxxxxx106 M
Total Debt xxxxxxxxxxxxxxx120 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx255 M
Price To Book Value xxxxxxxxxxxxxxx1.11

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx912.8 M
Capex % of Sales xxxxxxxxxxxxxxx51.53 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,036 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx12 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

0.6

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

14/02/2023

3

Neutral

$1.50

12.78%

Beach Energy's December-half result disappointed due to weaker than expected production and rising capital expenditure.

On the upside, management announced a free-cash-flow-based dividend outlook and Macquarie expects this will improve returns and offer franking credits, translating to a 8% fully franked dividend yield.

But the broker increases its sustaining capital-expenditure forecasts on mature assets, believing consensus forecasts to be off the mark. Macquarie believes this could result in the market overestimating dividends under the new regime. 

Management guided to rising activity in FY24 to FY25 as it develops its Waitsia wells and up to 14 Perth basin wells, which the broker suggests points to much-higher-than-forecast capital expenditure.

EPS forecasts fall -8% in FY23; rise 1% in FY24 to reflect a forecast jump in oil production; and fall -9% in FY25, the broker expecting lower Waitsia earnings.

Neutral rating and $1.50 target price retained.

FORECAST
Macquarie forecasts a full year FY23 dividend of 8.00 cents and EPS of 19.70 cents.
Macquarie forecasts a full year FY24 dividend of 13.00 cents and EPS of 25.20 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >

BPT STOCK CHART

FNArena News on BPT

1
ESG Focus: Tough Season But Winners Grin

8:14 AM - ESG Focus
2
Australian Broker Call *Extra* Edition – Feb 22, 2023

Feb 22 2023 - Daily Market Reports
3
FNArena Corporate Results Monitor – 14-02-2023

Feb 14 2023 - Australia
4
Weekly Ratings, Targets, Forecast Changes – 10-02-23

Feb 13 2023 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Feb 09, 2023

Feb 09 2023 - Daily Market Reports

Latest Crude Oil News

1
Crude Oil: Poised For Upside

Nov 30 2022 - Technicals
2
Brokers Set Higher Targets For Karoon Energy, Again

Oct 10 2022 - Small Caps
3
Crude Oil: Longer Term Higher

Jul 20 2022 - Technicals
4
Crude Oil: Longer Term Bullish

Feb 23 2022 - Technicals
5
Sunny Outlook For Beach Energy

Feb 16 2022 - Australia
6
Crude Oil: Poised For Now

Dec 09 2021 - Technicals
7
Karoon Energy Scales Up Oil Production

Sep 21 2021 - Small Caps
8
Orbost Renewal Key To Cooper Energy Outlook

Jul 20 2021 - Australia
9
Oil: Longer Term Bullish

Jun 23 2021 - Technicals
10
Upside For Oil Prices

May 26 2021 - Technicals