Financials Santos Limited

Equities

STO

AU000000STO6

Integrated Oil & Gas

Market Closed - Australian S.E. 02:10:52 2024-06-17 EDT 5-day change 1st Jan Change
7.35 AUD -1.61% Intraday chart for Santos Limited -2.65% -3.29%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,953 10,049 15,482 16,068 16,762 15,742 - -
Enterprise Value (EV) 1 15,307 13,700 20,555 19,518 21,026 19,972 19,610 19,034
P/E ratio 17.9 x -28.2 x 15 x 7.75 x 12 x 11.4 x 11.1 x 9.31 x
Yield 1.92% 1.47% 3.06% 3.1% 5.06% 4.32% 4.56% 5.71%
Capitalization / Revenue 2.96 x 2.97 x 3.29 x 2.06 x 2.85 x 2.79 x 2.75 x 2.37 x
EV / Revenue 3.8 x 4.04 x 4.36 x 2.51 x 3.57 x 3.54 x 3.43 x 2.86 x
EV / EBITDA 6.5 x 7.45 x 7.67 x 3.55 x 5.26 x 5.07 x 4.86 x 4.09 x
EV / FCF 13.1 x 18.5 x 17.6 x 6.85 x 9.88 x 36.8 x 13.1 x 8.17 x
FCF Yield 7.64% 5.4% 5.69% 14.6% 10.1% 2.72% 7.61% 12.2%
Price to Book 1.56 x 1.39 x 1.14 x 1.09 x 1.1 x 1 x 0.96 x 0.92 x
Nbr of stocks (in thousands) 2,083,097 2,083,077 3,379,649 3,303,215 3,238,575 3,239,190 - -
Reference price 2 5.738 4.824 4.581 4.864 5.176 4.860 4.860 4.860
Announcement Date 2/19/20 2/17/21 2/15/22 2/21/23 2/20/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,033 3,387 4,713 7,790 5,889 5,649 5,723 6,656
EBITDA 1 2,354 1,839 2,679 5,498 3,997 3,937 4,035 4,657
EBIT 1 1,295 824 1,436 3,751 2,139 2,274 2,270 2,696
Operating Margin 32.11% 24.33% 30.47% 48.15% 36.32% 40.26% 39.67% 40.5%
Earnings before Tax (EBT) 1 1,018 -306 1,205 2,948 1,819 2,040 2,077 2,383
Net income 1 674 -357 658 2,112 1,416 1,382 1,437 1,657
Net margin 16.71% -10.54% 13.96% 27.11% 24.04% 24.46% 25.1% 24.9%
EPS 2 0.3210 -0.1710 0.3060 0.6280 0.4320 0.4255 0.4378 0.5220
Free Cash Flow 1 1,169 740 1,169 2,851 2,128 542.4 1,493 2,331
FCF margin 28.99% 21.85% 24.8% 36.6% 36.14% 9.6% 26.09% 35.02%
FCF Conversion (EBITDA) 49.66% 40.24% 43.64% 51.86% 53.24% 13.78% 37% 50.05%
FCF Conversion (Net income) 173.44% - 177.66% 134.99% 150.28% 39.25% 103.92% 140.64%
Dividend per Share 2 0.1100 0.0710 0.1400 0.1510 0.2620 0.2101 0.2217 0.2773
Announcement Date 2/19/20 2/17/21 2/15/22 2/21/23 2/20/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 Q1 2025 S1 2025 S2
Net sales 1 2,059 1,668 1,719 2,112 2,601 1,850 - 2,150 1,874 4,024 1,631 1,336 2,967 1,436 1,486 2,922 1,398 1,308 2,742 1,360 1,371 2,712 1,421 2,671 3,591
EBITDA - - - 1,190 - - - - - - - - 2,063 - - - - - - - - - - - -
EBIT - - - 596 840 - 1,750 - - 1,976 - - 1,112 - - 1,027 - 523.5 1,054 568.5 578.3 1,074 599.2 993.4 1,591
Operating Margin - - - 28.22% 32.3% - - - - 49.11% - - 37.48% - - 35.15% - 40.03% 38.45% 41.79% 42.18% 39.6% 42.16% 37.19% 44.29%
Earnings before Tax (EBT) - - - - - - - 659 - - - - 976 - - 843 - 448.1 974.1 489.1 495.2 984.3 512.2 991.6 1,954
Net income - - - 354 304 - 1,167 472.5 - 945 - - 790 - - 626 - 313.7 681.8 342.4 346.6 689 358.5 694.1 1,367
Net margin - - - 16.76% 11.69% - - 21.98% - 23.48% - - 26.63% - - 21.42% - 23.99% 24.86% 25.17% 25.28% 25.41% 25.23% 25.99% 38.07%
EPS - - - 0.1690 - - - 0.1400 - - - - 0.2400 - - 0.1920 - 0.0970 0.1950 0.1060 0.1070 0.2015 0.1110 0.1780 0.3045
Dividend per Share - - - 0.0550 - - 0.0760 0.0800 - - - - 0.0870 - - 0.1750 - 0.0350 0.0730 0.0370 0.0370 0.0740 0.0380 0.0660 0.1320
Announcement Date 2/19/20 8/19/20 2/17/21 8/16/21 2/15/22 8/16/22 8/16/22 10/19/22 2/21/23 2/21/23 4/19/23 7/19/23 7/19/23 10/18/23 2/20/24 2/20/24 - - - - - - - - -
1USD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,354 3,651 5,073 3,450 4,264 4,230 3,868 3,292
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.425 x 1.985 x 1.894 x 0.6275 x 1.067 x 1.074 x 0.9587 x 0.707 x
Free Cash Flow 1 1,169 740 1,169 2,851 2,128 542 1,493 2,331
ROE (net income / shareholders' equity) 9.01% 3.85% 9.08% 17.3% 9.45% 8.96% 8.52% 9.39%
ROA (Net income/ Total Assets) 4.05% 1.68% 3.97% 8.36% 4.86% 5.56% 5.69% 6.37%
Assets 1 16,660 -21,249 16,577 25,259 29,162 24,864 25,252 26,019
Book Value Per Share 2 3.680 3.480 4.030 4.480 4.700 4.870 5.060 5.270
Cash Flow per Share 2 0.9700 0.7100 1.060 1.350 0.9900 0.9400 0.9900 1.150
Capex 1 877 770 1,103 1,707 2,625 2,658 2,211 1,968
Capex / Sales 21.75% 22.73% 23.4% 21.91% 44.57% 47.05% 38.63% 29.57%
Announcement Date 2/19/20 2/17/21 2/15/22 2/21/23 2/20/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
4.85 USD
Average target price
5.61 USD
Spread / Average Target
+15.67%
Consensus
1st Jan change Capi.
-3.29% 16B
-15.45% 1,786B
+9.32% 430B
+44.96% 240B
+6.01% 219B
+0.65% 152B
-10.37% 79.08B
-.--% 52.39B
+17.97% 47.01B
-11.82% 46.06B
Integrated Oil & Gas
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  4. Financials Santos Limited