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

$8.44

22 Sep
2023

0.020

OPEN

$8.26

0.24%

HIGH

$8.44

2,905,543

LOW

$8.26

TARGET
$9.698 14.9% 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 25.8 xxx
DPS (cps) xxx 55.0 56.8 xxx
EPS Growth xxx 14.1% 15.8% xxx
DPS Growth xxx 3.8% 3.3% xxx
PE Ratio xxx N/A 32.7 xxx
Dividend Yield xxx N/A 6.7% xxx
Div Pay Ratio(%) xxx 246.7% 220.0% xxx

Dividend yield today if purchased 3 years ago: 5.04%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.52

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: 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

0.0

No. Of Recommendations

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

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

24/08/2023

3

Hold

$9.50

12.56%

FY23 results underwhelmed Ord Minnett and were slightly below expectations. The broker considers the acquisition of the Alinta Energy Pilbara business expensive, albeit small in the overall APA Group business.

Amid no obvious synergies from combining the businesses, management has emphasised the large renewable energy and storage development pipeline.

The broker is not convinced there is much value in a prospective development pipeline of early-stage projects in remote Western Australia, given relatively low barriers to entry. Hold rating maintained. Target is reduced to $9.50 from $10.20.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 56.00 cents and EPS of 24.80 cents.
Ord Minnett forecasts a full year FY25 dividend of 57.20 cents and EPS of 28.40 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$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
Rudi’s Comprehensive August 2023 Review

Sep 21 2023 - Feature Stories
2
Rudi’s View: Navigating The Post-August Complexities

Sep 20 2023 - Rudi's View
3
Rudi’s View: Outlook Negative, With Plenty Of Silver Linings

Sep 06 2023 - Rudi's View
4
Australian Broker Call *Extra* Edition – Aug 31, 2023

Aug 31 2023 - Daily Market Reports
5
FNArena Corporate Results Monitor – 25-08-2023

Aug 25 2023 - Australia

Latest Infrastructure & Utilities News

1
Book Excerpt: Need To Know About Investing In Infrastructure

Jun 09 2023 - Book Reviews
2
The Prudence Of Infrastructure In A Recession

Jun 09 2023 - International
3
Building A Road Back to Surplus In Victoria

Jun 06 2023 - Australia
4
Treasure Chest: APA Group’s Electric Future

May 31 2023 - Treasure Chest
5
Transurban In A Sweet Spot

Apr 18 2023 - Australia
6
AGL Energy Calls It Quits on Coal

Oct 04 2022 - ESG Focus
7
Origin Exits Gas for Clean Energy

Sep 21 2022 - ESG Focus
8
Treasure Chest: Underweight On Origin

Jul 06 2022 - Treasure Chest
9
What Now For AGL?

May 31 2022 - Australia
10
ESG Focus: APA Group Pushes Gas Prospects

May 10 2022 - ESG Focus