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
Debt/EBITDA: 7.14
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

$8.71

07 Dec
2023

0.120

OPEN

$8.55

1.40%

HIGH

$8.72

1,917,180

LOW

$8.55

TARGET
$9.096 4.4% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
AGL . AIA . ALX . CEN . DBI . DBI . GNP . MEZ . ORG . SRJ . TCL .
FNARENA'S MARKET CONSENSUS FORECASTS
APA: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 22.3 22.4 xxx
DPS (cps) xxx 55.0 56.2 xxx
EPS Growth xxx 14.1% 0.3% xxx
DPS Growth xxx 3.8% 2.2% xxx
PE Ratio xxx N/A 38.9 xxx
Dividend Yield xxx N/A 6.5% xxx
Div Pay Ratio(%) xxx 246.7% 251.3% xxx

Dividend yield today if purchased 3 years ago: 5.36%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.32

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: 29/12 - ex-div 26c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx22.3
DPS All xxxxxxxxxxxxxxx55.0
Sales/Revenue xxxxxxxxxxxxxxx2,834.0 M
Book Value Per Share xxxxxxxxxxxxxxx161.9
Net Operating Cash Flow xxxxxxxxxxxxxxx1,206.0 M
Net Profit Margin xxxxxxxxxxxxxxx9.28 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx11.59 %
Return on Invested Capital xxxxxxxxxxxxxxx1.96 %
Return on Assets xxxxxxxxxxxxxxx1.61 %
Return on Equity xxxxxxxxxxxxxxx11.59 %
Return on Total Capital xxxxxxxxxxxxxxx6.45 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-484.0 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 xxxxxxxxxxxxxxx218 M
Long Term Debt xxxxxxxxxxxxxxx11,368 M
Total Debt xxxxxxxxxxxxxxx11,586 M
Goodwill - Gross xxxxxxxxxxxxxxx1,184 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx513 M
Price To Book Value xxxxxxxxxxxxxxx5.99

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx1,180.0 M
Capex % of Sales xxxxxxxxxxxxxxx41.64 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,887 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx74 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx703 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

0.1

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

06/11/2023

3

Hold

$7.56

-13.20%

APA Group has announced the raising of $1.25bn of senior debt, with a $750m seven-year tranche at a fixed rate of 6.75% per annum and a $500m 10-year tranche at 7.18% per year.

Should interest rates stabilise at current levels, the group’s cost of debt will still increase significantly over time compared to the 4.4% averaged in FY23, cautions Morgans.

Additionally, per share metrics are also being impacted as the group issues more equity and equity-like funding within its capital structure, explains the analyst.

The company has recently increased its share purchase plan and reactivated the dividend reinvestment plan. The broker lowers its target to $7.56 from $8.79 and maintains a Hold rating.

FORECAST
Morgans forecasts a full year FY24 dividend of 56.00 cents and EPS of 26.00 cents.
Morgans forecasts a full year FY25 dividend of 57.00 cents and EPS of 24.00 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

UBS

xx/xx/xxxx

3

xxxxxxx

$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 >

APA STOCK CHART

FNArena News on APA

1
In Brief: Home Loans, Coffee, Gas & Classifieds

Dec 01 2023 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Nov 23, 2023

Nov 23 2023 - Daily Market Reports
3
ESG Focus: Rounding Up A Psychosocial FY23 Season

Nov 20 2023 - ESG Focus
4
Australian Broker Call *Extra* Edition – Nov 16, 2023

Nov 16 2023 - Daily Market Reports
5
Rudi’s View: Between Perception & Reality

Nov 15 2023 - Rudi's View

Latest Infrastructure & Utilities News

1
ESG Focus: The Little Big Things – 15-11-2023

Nov 15 2023 - ESG Focus
2
ESG Focus: ESG-Linked Remuneration Now In Focus

Oct 19 2023 - ESG Focus
3
Book Excerpt: Need To Know About Investing In Infrastructure

Jun 09 2023 - Book Reviews
4
The Prudence Of Infrastructure In A Recession

Jun 09 2023 - International
5
Building A Road Back to Surplus In Victoria

Jun 06 2023 - Australia
6
Treasure Chest: APA Group’s Electric Future

May 31 2023 - Treasure Chest
7
Transurban In A Sweet Spot

Apr 18 2023 - Australia
8
AGL Energy Calls It Quits on Coal

Oct 04 2022 - ESG Focus
9
Origin Exits Gas for Clean Energy

Sep 21 2022 - ESG Focus
10
Treasure Chest: Underweight On Origin

Jul 06 2022 - Treasure Chest