APA GROUP (APA)
Share Price Analysis and Chart

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APA - APA GROUP

FNArena Sector : Infrastructure & Utilities
Year End: June
GICS Industry Group : Utilities
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

APA Group owns and operates natural gas and electricity assets, while increasingly adding renewables. It is Australia's largest natural gas infrastructure business and one of few true local dividend champions. It listed in 2000.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$11.06

05 Dec
2022

-0.220

OPEN

$11.28

-1.95%

HIGH

$11.30

2,192,392

LOW

$11.02

TARGET
$10.75 -2.8% downside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
AGL . AST . ENE . EPW . ALX . ORG . SKI . SYD . TCL . NEW . MEZ . AIA . DBI . DBI . GNP . CEN . SRJ .
FNARENA'S MARKET CONSENSUS FORECASTS
APA: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 19.5 28.2 xxx
DPS (cps) xxx 53.0 55.3 xxx
EPS Growth xxx N/A 44.5% xxx
DPS Growth xxx 3.9% 4.4% xxx
PE Ratio xxx N/A 39.2 xxx
Dividend Yield xxx N/A 5.0% xxx
Div Pay Ratio(%) xxx 271.2% 196.0% xxx

Dividend yield today if purchased 3 years ago: 4.94%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.70

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: 29/06 - ex-div 28c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx19.5
DPS All xxxxxxxxxxxxxxx53.0
Sales/Revenue xxxxxxxxxxxxxxx2,692.9 M
Book Value Per Share xxxxxxxxxxxxxxx222.8
Net Operating Cash Flow xxxxxxxxxxxxxxx1,197.3 M
Net Profit Margin xxxxxxxxxxxxxxx8.56 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx8.24 %
Return on Invested Capital xxxxxxxxxxxxxxx1.74 %
Return on Assets xxxxxxxxxxxxxxx1.47 %
Return on Equity xxxxxxxxxxxxxxx8.24 %
Return on Total Capital xxxxxxxxxxxxxxx6.78 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx79.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Credit Suisse

25/08/2022

3

Neutral

$11.10

0.36%

FY22 results were in line with Credit Suisse estimates. The pay-out of $0.53 per security represents 58% of operating cash flow and was below the target of 60-70%. The broker is disappointed with the guidance for 4% growth in FY23, given CPI revenue indexation.

APA Group's reasoning is that it also needs to fund organic growth, avoiding calls on equity. Neutral rating maintained. Target increases to $11.10 from $9.60 because of higher inflation and growth that more than offsets an increase in the discount rate.

FORECAST
Credit Suisse forecasts a full year FY23 dividend of 55.00 cents and EPS of 25.88 cents.
Credit Suisse forecasts a full year FY24 dividend of 57.20 cents and EPS of 31.95 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

APA STOCK CHART

FNArena News on APA

1
Rudi’s View: Preparing For Bear Phase II

Nov 24 2022 - Rudi's View
2
ESG Focus: ASX300 Rush To Decarbonise

Oct 21 2022 - ESG Focus
3
FNArena Corporate Results Monitor – 25-08-2022

Aug 25 2022 - Australia
4
Australian Broker Call *Extra* Edition – Jul 26, 2022

Jul 26 2022 - Daily Market Reports
5
Rudi’s Views: Pre-August Observations

Jul 21 2022 - Rudi's View

Latest Infrastructure & Utilities News

1
AGL Energy Calls It Quits on Coal

Oct 04 2022 - ESG Focus
2
Origin Exits Gas for Clean Energy

Sep 21 2022 - ESG Focus
3
Treasure Chest: Underweight On Origin

Jul 06 2022 - Treasure Chest
4
What Now For AGL?

May 31 2022 - Australia
5
ESG Focus: APA Group Pushes Gas Prospects

May 10 2022 - ESG Focus
6
ESG Focus: Decarbonisation Demand Drives Ethical Investing

Apr 13 2022 - ESG Focus
7
Preferred Westgate Outcome For Transurban

Dec 21 2021 - Australia
8
Unstable Foundations: The Risks In Relying On A Post-Pandemic ‘Snapback’ In Infrastructure

Oct 01 2021 - International
9
The Right Price For Sydney Airport?

Jul 06 2021 - Australia
10
Accel Is A Hard Act To Sell For New AGL

Jul 02 2021 - Australia