WOODSIDE ENERGY GROUP LIMITED (WDS)
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WDS

WDS - WOODSIDE ENERGY GROUP LIMITED

FNArena Sector : NatGas
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: 1.21
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$23.03

19 Sep
2025

-0.030

OPEN

$23.24

-0.13%

HIGH

$23.34

11,662,481

LOW

$23.03

TARGET
$25.80 12.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEL . APA . BLU . COI . CRD . CTP . GHY . GLL . KAR . ORG . STO . STX . TBN .
FNARENA'S MARKET CONSENSUS FORECASTS
WDS: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 173.2 xxx
DPS (cps) 153.3 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 13.3 xxx
Dividend Yield 6.7% xxx
Div Pay Ratio(%) 88.5% 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: 5.70%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 8.03

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: 05/09 - ex-div 101.83c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx285.8
DPS All xxxxxxxxxxxxxxx186.9
Sales/Revenue xxxxxxxxxxxxxxx21,202.3 M
Book Value Per Share xxxxxxxxxxxxxxx3,016.0
Net Operating Cash Flow xxxxxxxxxxxxxxx8,302.0 M
Net Profit Margin xxxxxxxxxxxxxxx25.55 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx10.07 %
Return on Invested Capital xxxxxxxxxxxxxxx8.11 %
Return on Assets xxxxxxxxxxxxxxx6.02 %
Return on Equity xxxxxxxxxxxxxxx10.07 %
Return on Total Capital xxxxxxxxxxxxxxx11.38 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-2,692.5 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx1,904 M
Long Term Debt xxxxxxxxxxxxxxx16,863 M
Total Debt xxxxxxxxxxxxxxx18,768 M
Goodwill - Gross xxxxxxxxxxxxxxx7,014 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx6,336 M
Price To Book Value xxxxxxxxxxxxxxx0.82

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx7,431.8 M
Capex % of Sales xxxxxxxxxxxxxxx35.05 %
Cost of Goods Sold xxxxxxxxxxxxxxx12,664 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx675 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx593 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

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

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

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%

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Morgans

21/08/2025

2

Accumulate

$29.60

28.53%

Morgans views Woodside Energy's 1H25 result as a slight beat on the headline numbers, but a large rise in capex of -US$2bn in cash outflows resulted in net debt rising to US$8.7bn, which was a negative surprise to the market.

Unit cost guidance for 2025 was slightly lowered, assisted by Sangomar's robust performance offsetting margin pressure, with oil and LNG pricing remaining resilient.

Gearing rose to 19.5%, which remains manageable, but commentary states consensus scrutiny is on the rise.

Morgans notes execution risks on Scarborough, but believes Woodside will manage, while the selldown of its interest in LALNG is still on the cards.

The analyst lowers earnings estimates to align with the 1H25 result. Target price trimmed to $29.60 from $30. No change in Accumulate rating.

FORECAST
Morgans forecasts a full year FY25 dividend of 197.05 cents and EPS of 152.06 cents.
Morgans forecasts a full year FY26 dividend of 142.75 cents and EPS of 124.13 cents.

Citi

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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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

21/08/2025

2

Overweight

$25.60

11.16%

Woodside Energy reported first-half 2025 earnings (EBITDA) of US$4.6bn, broadly in line with forecasts by Jarden and consensus. Profit of US$1.25bn was in line with consensus but 13% ahead of the broker due to a lower tax rate.

A US53c interim dividend was declared, close to consensus but above Jarden’s forecast.

Operating cash flow (OCF) of US$3.3bn was the key miss, -21% below the broker's estimate, driven by higher tax and restoration costs, lifting gearing to 19.5%.

The broker notes higher Sangomar reserves and lower cost trajectories partly offset the weaker cash flow outcome, with its valuation trimmed slightly.

Jarden highlights uncertainty around future Sangomar investment, given an ongoing US$75m tax dispute and a wider government tax review in Senegal.

Bass Strait decommissioning costs also remain a concern for the analysts, with provisions up/deteriorating by -US$1.1bn in three years, including -US$445m in the half, pressuring dividends.

Jarden lowers its target price to $25.60 from $25.75 and retains an Overweight rating.

FORECAST
Jarden forecasts a full year FY25 dividend of 147.40 cents and EPS of 184.95 cents.
Jarden forecasts a full year FY26 dividend of 86.89 cents and EPS of 109.54 cents.
Access Extra Coverage Research History >

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