SANTOS LIMITED (STO)
Share Price Analysis and Chart

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STO - SANTOS LIMITED

FNArena Sector : NatGas
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: 1.04
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Santos is Australia's number one domestic gas supplier and aims to be a leading Asia-Pacific LNG supplier. Santos was founded in 1954 and made its first significant discovery of natural gas in the Cooper Basin in 1963. the name is an acronym of South Australia Northern Territory Oil Search.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$7.64

22 Sep
2023

0.050

OPEN

$7.45

0.66%

HIGH

$7.64

9,867,480

LOW

$7.43

TARGET
$9.472 24.0% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
APA . BLU . BYE . COE . COI . CTP . GHY . GLL . KAR . ORG . STX . TBN . WDS .
FNARENA'S MARKET CONSENSUS FORECASTS
STO: 1
Title FY23
Forecast		 FY24
Forecast
EPS (cps) 66.5 xxx
DPS (cps) 30.8 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.5 xxx
Dividend Yield 4.0% xxx
Div Pay Ratio(%) 46.2% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 6.88%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.61

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: 28/08 - ex-div 13.56c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx90.9
DPS All xxxxxxxxxxxxxxx33.2
Sales/Revenue xxxxxxxxxxxxxxx11,387.3 M
Book Value Per Share xxxxxxxxxxxxxxx662.4
Net Operating Cash Flow xxxxxxxxxxxxxxx6,374.5 M
Net Profit Margin xxxxxxxxxxxxxxx26.75 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx15.01 %
Return on Invested Capital xxxxxxxxxxxxxxx10.70 %
Return on Assets xxxxxxxxxxxxxxx6.97 %
Return on Equity xxxxxxxxxxxxxxx15.01 %
Return on Total Capital xxxxxxxxxxxxxxx16.21 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx3,451.9 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 xxxxxxxxxxxxxxx1,383 M
Long Term Debt xxxxxxxxxxxxxxx6,755 M
Total Debt xxxxxxxxxxxxxxx8,138 M
Goodwill - Gross xxxxxxxxxxxxxxx2,116 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx3,468 M
Price To Book Value xxxxxxxxxxxxxxx1.08

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx2,462.4 M
Capex % of Sales xxxxxxxxxxxxxxx21.62 %
Cost of Goods Sold xxxxxxxxxxxxxxx6,311 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx228 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx587 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

0.8

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

24/08/2023

1

Buy

$8.70

13.87%

Santos reported first half earnings slightly below UBS' estimates due to higher third party purchases and LNG plant & pipeline costs. Santos' distribution policy is to payout 40% of free cash flow from operations via distributions and buy-backs.

With only a 25% payout via dividend and no buy-back in the half, UBS expects Santos will plan for a $300m buy-back closer to year end to top up the total return on a full year basis, provided current market conditions hold and planned sell-downs complete.

The broker cuts 2023-25 earnings forecasts by -5-7% due to higher LNG plant costs and tolling costs at Cooper Basin and GLNG, partially offset by assuming some domestic gas production from Bayu Undan. Buy and $8.70 target retained.

FORECAST
UBS forecasts a full year FY23 dividend of 18.04 cents and EPS of 58.63 cents.
UBS forecasts a full year FY24 dividend of 13.53 cents and EPS of 63.14 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

STO STOCK CHART

FNArena News on STO

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
ESG Focus: The Little Big Things – 14-09-2023 – IGO, Rio, BHP, Santos, Woodside

Sep 18 2023 - ESG Focus
4
Australian Broker Call *Extra* Edition – Sep 11, 2023

Sep 11 2023 - Daily Market Reports
5
ESG Focus: The Little Big Things – 29-08-2023 – Miners, Gas Producers, BlueScope, Adbri and Qantas

Sep 01 2023 - ESG Focus

Latest NatGas News

1
Existential Risks In The Oil & Gas Sector

Jul 03 2023 - Commodities
2
ESG Focus: Implications Of Safeguard Mechanism

Mar 29 2023 - ESG Focus
3
Rudi’s View: Domino’s Pizza, Newcrest & Qantas

Mar 17 2023 - Rudi's View
4
Treasure Chest: Woodside’s Dividend Enigma

Mar 08 2023 - Treasure Chest
5
Peak Expenditure to Impact Woodside Returns

Dec 08 2022 - Australia
6
De-Risking Santos Looking For Catalysts

Oct 26 2022 - Australia
7
Forecasts For Volatile Oil & Gas Markets

Sep 23 2022 - Commodities
8
Woodside Upside

Aug 23 2022 - Technicals
9
ESG Focus: Energy Shock Lifts Subsidies & Taxes

Jun 23 2022 - ESG Focus
10
Treasure Chest: Woodside, One Of The Best?

Jun 08 2022 - Treasure Chest