Company Valuation: Santos Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 15,506 16,030 16,778 13,392 13,334 17,391 - -
Change - 3.38% 4.67% -20.18% -0.43% 30.43% - -
Enterprise Value (EV) 1 20,579 19,480 21,042 18,283 19,098 22,012 21,343 20,617
Change - -5.34% 8.02% -13.11% 4.46% 15.26% -3.04% -3.4%
P/E 15x 7.73x 12x 11x 16.4x 11.9x 10.9x 10.8x
PBR 1.14x 1.08x 1.1x 0.87x 0.85x 1.06x 1.05x 1.04x
PEG - 0x -0.4x -0.8x -0.5x 0.2x 1.11x 17.34x
Capitalization / Revenue 3.29x 2.06x 2.85x 2.49x 2.7x 2.62x 2.52x 2.48x
EV / Revenue 4.37x 2.5x 3.57x 3.4x 3.87x 3.32x 3.09x 2.94x
EV / EBITDA 7.68x 3.54x 5.26x 5.03x 5.71x 4.82x 4.37x 4.24x
EV / EBIT 14.3x 5.19x 10.1x 9.08x 12.1x 9.22x 8.19x 7.9x
EV / FCF 17.6x 6.83x 9.89x 40.7x 25.2x 14.5x 9.72x 9.28x
FCF Yield 5.68% 14.6% 10.1% 2.46% 3.96% 6.89% 10.3% 10.8%
Dividend per Share 2 0.14 0.151 0.262 0.233 0.237 0.3165 0.3784 0.368
Rate of return 3.05% 3.11% 5.06% 5.64% 5.76% 5.9% 7.05% 6.86%
EPS 2 0.306 0.628 0.432 0.376 0.251 0.4501 0.4944 0.4975
Distribution rate 45.8% 24% 60.6% 62% 94.4% 70.3% 76.5% 74%
Net sales 1 4,713 7,790 5,889 5,381 4,939 6,634 6,910 7,018
EBITDA 1 2,679 5,498 3,997 3,637 3,342 4,566 4,887 4,867
EBIT 1 1,436 3,751 2,075 2,013 1,574 2,388 2,606 2,611
Net income 1 658 2,112 1,416 1,224 818 1,470 1,622 1,647
Net Debt 1 5,073 3,450 4,264 4,891 5,764 4,621 3,952 3,226
Reference price 2 4.588 4.853 5.181 4.134 4.116 5.367 5.367 5.367
Nbr of stocks (in thousands) 3,379,649 3,303,215 3,238,575 3,239,501 3,239,897 3,240,271 - -
Announcement Date 2/15/22 2/21/23 2/20/24 2/18/25 1/21/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.79x3.54x6.6x5.26% 1,707B
12.4x1.72x5.61x3.77% 371B
7.86x0.6x3.76x6.7% 281B
7.89x0.87x3.85x3.49% 248B
7.99x1.03x4.28x4.76% 191B
5.63x1.66x2.66x8% 143B
3.39x1.53x2.9x11.34% 114B
7.06x0.81x1.97x4.05% 92.33B
8.65x0.81x4x4.78% 78.59B
Average 8.30x 1.40x 3.96x 5.79% 358.49B
Weighted average by Cap. 11.27x 2.42x 5.39x 5.34%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield