VIVA ENERGY GROUP LIMITED (VEA)
Share Price Analysis and Chart

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VEA - VIVA ENERGY GROUP LIMITED

FNArena Sector : Crude Oil
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: 2.04
Index: ASX200 | ASX300 | ALL-ORDS

Viva Energy is an Australian oil refiner and supplier of fuel and related products through petrol stations under the Shell and Viva Energy brands. It owns and operates the Geelong Refinery in Victoria. It was listed in 2018 following restructure of Viva Energy Holdings.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.90

22 Sep
2023

0.050

OPEN

$2.81

1.75%

HIGH

$2.92

16,710,972

LOW

$2.80

TARGET
$3.35 15.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALD . BHP . BPT . BRU . BYE . COE . CVN . FAR . HE8 . HZN . KAR .
FNARENA'S MARKET CONSENSUS FORECASTS
VEA: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 33.3 22.1 xxx
DPS (cps) xxx 27.0 15.0 xxx
EPS Growth xxx 100.0% - 33.7% xxx
DPS Growth xxx 95.4% - 44.6% xxx
PE Ratio xxx N/A 13.1 xxx
Dividend Yield xxx N/A 5.2% xxx
Div Pay Ratio(%) xxx 81.1% 67.8% xxx

Dividend yield today if purchased 3 years ago: 16.17%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 9.31

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: 05/09 - ex-div 8.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx33.3
DPS All xxxxxxxxxxxxxxx27.0
Sales/Revenue xxxxxxxxxxxxxxx26,399.0 M
Book Value Per Share xxxxxxxxxxxxxxx153.1
Net Operating Cash Flow xxxxxxxxxxxxxxx1,106.4 M
Net Profit Margin xxxxxxxxxxxxxxx1.95 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx23.00 %
Return on Invested Capital xxxxxxxxxxxxxxx11.08 %
Return on Assets xxxxxxxxxxxxxxx5.94 %
Return on Equity xxxxxxxxxxxxxxx23.00 %
Return on Total Capital xxxxxxxxxxxxxxx16.61 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx541.2 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 xxxxxxxxxxxxxxx172 M
Long Term Debt xxxxxxxxxxxxxxx2,284 M
Total Debt xxxxxxxxxxxxxxx2,457 M
Goodwill - Gross xxxxxxxxxxxxxxx342 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx291 M
Price To Book Value xxxxxxxxxxxxxxx1.78

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx303.7 M
Capex % of Sales xxxxxxxxxxxxxxx1.15 %
Cost of Goods Sold xxxxxxxxxxxxxxx24,741 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx860 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx22 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

0.5

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

1

xxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Morgan Stanley

23/08/2023

3

Equal-weight

$3.20

10.34%

Viva Energy's first half earnings were down -41% year on year but in line with Morgan Stanley. Geelong refining earnings were down -94% owing to the ongoing turnaround/outage, but ahead of the broker.

The interim dividend represented a 75% payout and is ahead of forecast.

The second half outlook is for "subdued market demand" in Retail, Commercial "expected to moderate", and ongoing earnings losses for Refining.

Equal-weight and $3.20 target retained. Industry view: Attractive.

FORECAST
Morgan Stanley forecasts a full year FY23 EPS of 21.00 cents.
Morgan Stanley forecasts a full year FY24 EPS of 27.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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VEA STOCK CHART

FNArena News on VEA

1
FNArena Corporate Results Monitor – 23-08-2023

Aug 23 2023 - Australia
2
ESG Focus: The Little Big Things – 26-07-2023

Jul 26 2023 - ESG Focus
3
Rudi’s View: Keep Your Focus On What Matters

Jun 21 2023 - Rudi's View
4
Next Week At A Glance – 22-26 May 2023

May 19 2023 - Weekly Reports
5
ESG Focus: Hope For Green Hydrogen

May 10 2023 - ESG Focus

Latest Crude Oil News

1
Crude Oil: Further Weakness Ahead

May 04 2023 - Technicals
2
Viva Energy: Emphasis Swings Toward Convenience Retail  

Apr 13 2023 - Australia
3
Crude Oil: Poised For Upside

Nov 30 2022 - Technicals
4
Brokers Set Higher Targets For Karoon Energy, Again

Oct 10 2022 - Small Caps
5
Crude Oil: Longer Term Higher

Jul 20 2022 - Technicals
6
Crude Oil: Longer Term Bullish

Feb 23 2022 - Technicals
7
Sunny Outlook For Beach Energy

Feb 16 2022 - Australia
8
Crude Oil: Poised For Now

Dec 09 2021 - Technicals
9
Karoon Energy Scales Up Oil Production

Sep 21 2021 - Small Caps
10
Orbost Renewal Key To Cooper Energy Outlook

Jul 20 2021 - Australia