APA GROUP (APA)
Share Price Analysis and Chart

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APA - APA GROUP

FNArena Sector : NatGas
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

$9.37

03 Mar
2021

-0.010

OPEN

$9.37

-0.11%

HIGH

$9.48

1,611,216

LOW

$9.32

TARGET
$10.844 15.7% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ORG . OSH . STO . WPL . DLS . EGO . KAR . SEH . SXY . COE . BYE . CTP . LCK . COI . STX .
MARKET CONSENSUS FORECAST
APA: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 26.9 26.3 xxx
DPS (cps) xxx 50.0 50.7 xxx
EPS Growth xxx 10.2% - 2.1% xxx
DPS Growth xxx 6.4% 1.4% xxx
PE Ratio xxx N/A 35.1 xxx
Dividend Yield xxx N/A 5.5% xxx
Div Pay Ratio(%) xxx 185.9% 192.5% xxx

Dividend yield today if purchased 3 years ago: 6.49%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

5.41

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 - 27c (0%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

7
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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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

24/02/2021

1

Upgrade to Buy from Hold

$11.30

20.60%

APA Group's first-half net profit of $162m was below Ord Minnett’s forecast of $166m with operating earnings within -1% of the broker's estimate. An interim dividend of 24c was announced.

Management has reaffirmed the full-year guidance which implies the second half operating income will be between $822-$842m. The broker believes the recent share price weakness was driven by an increase in benchmark interest rates.

While macro drivers could represent a near term headwind, Ord Minnett finds the stock attractive at current price levels and given the group's stable, predictable earnings.

Ord Minnett upgrades to Buy from Hold with the target rising to $11.30 from $11.09.

This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.

FORECAST
Ord Minnett forecasts a full year FY21 dividend of 51.00 cents and EPS of 27.00 cents.
Ord Minnett forecasts a full year FY22 dividend of 54.00 cents and EPS of 29.00 cents.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Credit Suisse

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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APA STOCK CHART