KAROON ENERGY LIMITED (KAR)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

KAR - KAROON ENERGY LIMITED

FNArena Sector : Crude Oil
Year End: June
GICS Industry Group : Energy
Debt/EBITDA: 0.71
Index: ASX200 | ASX300 | ALL-ORDS

Karoon Energy is an Australian oil and gas explorer with operations in Australia, Peru and Bazil. It has been listed since 2004.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.01

30 Nov
2023

-0.020

OPEN

$2.06

-0.99%

HIGH

$2.07

7,828,528

LOW

$2.01

TARGET
$3.006 49.6% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ALD . BHP . BPT . BRU . BYE . COE . CVN . FAR . HE8 . HZN . MAY . VEA .
FNARENA'S MARKET CONSENSUS FORECASTS
KAR: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 81.5 xxx
DPS (cps) 6.1 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 2.5 xxx
Dividend Yield 3.0% xxx
Div Pay Ratio(%) 7.5% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx42.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx842.2 M
Book Value Per Share xxxxxxxxxxxxxxx125.1
Net Operating Cash Flow xxxxxxxxxxxxxxx450.8 M
Net Profit Margin xxxxxxxxxxxxxxx28.77 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx43.54 %
Return on Invested Capital xxxxxxxxxxxxxxx26.16 %
Return on Assets xxxxxxxxxxxxxxx13.92 %
Return on Equity xxxxxxxxxxxxxxx43.54 %
Return on Total Capital xxxxxxxxxxxxxxx36.78 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-9.4 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx71 M
Long Term Debt xxxxxxxxxxxxxxx343 M
Total Debt xxxxxxxxxxxxxxx414 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx112 M
Price To Book Value xxxxxxxxxxxxxxx1.56

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx524.2 M
Capex % of Sales xxxxxxxxxxxxxxx62.24 %
Cost of Goods Sold xxxxxxxxxxxxxxx436 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx41 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

0.9

No. Of Recommendations

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

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

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

Morgan Stanley

21/11/2023

1

Overweight

$2.68

33.33%

Karoon Energy's FY24 pro forma production should increase by 27%, according to Morgan Stanley, following the acquisition of a 30% interest in the Who Dat project in the US Gulf of Mexico.

The transaction will be broadly free cash flow per share neutral, suggests the broker, but will add both production scale and diversity. 

The company will issue US$300m in equity via a fully underwritten placement and rights issue of $170 and $310m, respectively.

The target falls to $2.68 from $2.80 and the Overweight rating is maintained.  Industry view: Attractive.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 0.00 cents and EPS of 55.83 cents.
Morgan Stanley forecasts a full year FY25 dividend of 0.00 cents and EPS of 49.80 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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

Macquarie

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 >

KAR STOCK CHART

FNArena News on KAR

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 01-12-23

Dec 01 2023 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Nov 29, 2023

Nov 29 2023 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Nov 28, 2023

Nov 28 2023 - Daily Market Reports
4
Karoon Energy Shares Ready To Run

Oct 17 2023 - Technicals
5
Rudi’s View: CSL, ResMed, Domino’s Pizza, Helloworld, Iress and Liontown

Oct 11 2023 - Rudi's View

Latest Crude Oil News

1
Oil Market Not Concerned, And Not Concerning

Oct 25 2023 - Commodities
2
Karoon Energy Shares Ready To Run

Oct 17 2023 - Technicals
3
Crude Oil: Further Weakness Ahead

May 04 2023 - Technicals
4
Viva Energy: Emphasis Swings Toward Convenience Retail  

Apr 13 2023 - Australia
5
Crude Oil: Poised For Upside

Nov 30 2022 - Technicals
6
Brokers Set Higher Targets For Karoon Energy, Again

Oct 10 2022 - Small Caps
7
Crude Oil: Longer Term Higher

Jul 20 2022 - Technicals
8
Crude Oil: Longer Term Bullish

Feb 23 2022 - Technicals
9
Sunny Outlook For Beach Energy

Feb 16 2022 - Australia
10
Crude Oil: Poised For Now

Dec 09 2021 - Technicals