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Updated 1m ago
ALD logo

Ampol LimitedASX:ALD Stock Report

Market Cap AU$9.8b
Updated 1m ago
Share Price
n/a
1Y38.3%
7D1.4%
1D-0.3%
Portfolio Value
​
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Ampol Limited

ASX:ALD Stock Report

Market Cap: AU$9.8b

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Ampol (ALD) Stock Overview

Ampol Limited purchases and sells petroleum products in Australia, New Zealand, Singapore, and the United States. More details

ALD fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends3/6

Rewards

Trading at 47.1% below our estimate of its fair value

Became profitable this year

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 30.6% per year for the next 3 years

Significant insider selling over the past 3 months

Dividend of 4.49% is not well covered by free cash flows

Has a high level of debt


ALD Community Fair Values

Create Narrative

See what 75 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
3.7% undervalued intrinsic discount
AnalystConsensusTarget
•9d ago

ALD: Recent Acquisitions Will Drive Cost Synergies Despite Integration Risks Ahead

477
1
49

Top Analyst Narratives

ALD logo
Ampol
3.7% undervalued intrinsic discount

ALD: Recent Acquisitions Will Drive Cost Synergies Despite Integration Risks Ahead

View narrative
AN
AnalystConsensusTarget
AnalystConsensusTarget
Updated 3 Sep
Read Narrative
View all narratives

Ampol Limited Competitors

Viva Energy Group

Symbol: ASX:VEA
Market cap: AU$5.0b

Yancoal Australia

Symbol: ASX:YAL
Market cap: AU$8.2b

Whitehaven Coal

Symbol: ASX:WHC
Market cap: AU$7.1b

New Hope

Symbol: ASX:NHC
Market cap: AU$5.3b

Price History & Performance

Summary of share price highs, lows and changes for Ampol
Historical stock prices
Current Share PriceAU$41.21
52 Week HighAU$44.17
52 Week LowAU$27.58
Beta0.13
1 Month Change3.05%
3 Month Change13.06%
1 Year Change38.29%
3 Year Change22.18%
5 Year Change51.79%
Change since IPO1,426.30%

Recent News & Updates

User avatar
Narrative Update • Sep 03

ALD: Future Returns Will Balance Lytton Turnaround And Record Dividend Rewards

The analyst price target for Ampol has shifted from A$41.08 to A$42.78 as analysts factor in record first half 2026 earnings guidance, supported by stronger trading and refining margins, while also acknowledging the expected impact of the Lytton refinery turnaround on near term refining exposure. What’s in the News for Ampol Ampol reports a sharp surge in first half 2026 earnings, with record profit linked to higher refining margins and trading opportunities created by supply disruptions in the Middle East and Russia.

Recent updates

User avatar
Narrative Update • Sep 03

ALD: Future Returns Will Balance Lytton Turnaround And Record Dividend Rewards

The analyst price target for Ampol has shifted from A$41.08 to A$42.78 as analysts factor in record first half 2026 earnings guidance, supported by stronger trading and refining margins, while also acknowledging the expected impact of the Lytton refinery turnaround on near term refining exposure. What’s in the News for Ampol Ampol reports a sharp surge in first half 2026 earnings, with record profit linked to higher refining margins and trading opportunities created by supply disruptions in the Middle East and Russia.
User avatar
Narrative Update • Aug 13

ALD: Future Returns Will Balance Lytton Turnaround Risks And Energy Transition

Ampol’s analyst price target has been updated from A$39.62 to A$41.08. Analysts cited strong first half 2026 trading earnings and refining margins, while also flagging reduced near term refinery availability during the Lytton turnaround as a key consideration.
User avatar
Narrative Update • Jul 30

ALD: Future Returns Will Rely On EG Deal And Energy Transition

The analyst price target for Ampol has increased from A$37.27 to A$39.62. Analysts attribute this change to updated assumptions for revenue growth, profit margins and future P/E multiples.
User avatar
Narrative Update • Jun 18

ALD: Future Returns Will Rely On EG Deal And Energy Transition

The Analyst Price Target for Ampol has been adjusted slightly higher to A$37.27 from A$36.46. This reflects analysts’ updated assumptions on modestly higher revenue growth, profit margins, and a small change in the applied discount rate and future P/E multiple.
User avatar
Narrative Update • Jun 02

ALD: Future Returns Will Depend On Energy Transition And Steady Earnings

Analysts have maintained their A$36.46 price target for Ampol, indicating that only minor adjustments have been made to discount rate, revenue growth, profit margin and future P/E assumptions, rather than any change in their overall valuation view. What's in the News Ampol remains Australia’s largest listed petroleum refiner and fuel retailer, with operations spanning refining, fuel marketing, convenience retail and emerging mobility services.
User avatar
Narrative Update • May 13

ALD: Future Returns Will Rely On Dividend Timing And Steady Earnings Expectations

Analysts have nudged their price target for Ampol slightly higher to A$36.46 from A$36.26, reflecting updated assumptions around discount rates, modest revenue growth, future profit margins and price-to-earnings (P/E) expectations. What's in the News Ampol declared an ordinary fully franked dividend of A$0.60 per share for the six months ended December 31, 2025, giving income focused investors clear visibility on the upcoming payout schedule (Key Developments).
User avatar
Narrative Update • Apr 24

ALD: Future Returns Will Rely On Upcoming Dividend And Steady Earnings Expectations

Ampol's analyst price target has shifted from A$34.64 to A$36.26, with analysts pointing to updated assumptions for revenue growth, profit margins and a slightly lower future P/E multiple as the key drivers of this change. What's in the News Ampol declared an ordinary fully franked dividend of A$0.60 per share for the six months ended December 31, 2025, giving investors clarity on upcoming cash distributions (Key Developments).
User avatar
Narrative Update • Apr 08

ALD: Future Returns Will Be Supported By Upcoming Dividend And Stable Earnings Outlook

Ampol’s analyst price target has shifted from A$33.72 to A$34.64, with analysts citing small changes in the discount rate, revenue growth, profit margin and future P/E assumptions as the basis for the revised valuation. What's in the News Ampol declared an ordinary fully franked dividend of A$0.60 per share for the six months ended December 31, 2025.
User avatar
Narrative Update • Mar 24

ALD: Future Returns Will Be Supported By Upcoming Dividend And Stable Payout Outlook

Analysts have nudged their Ampol valuation higher, with the fair value estimate moving from A$33.32 to A$33.72 as they factor in updated assumptions for revenue growth, profit margins and future P/E multiples. What's in the News Ampol declared an ordinary fully franked dividend of A$0.60 per share for the six months ended December 31, 2025, giving investors clarity on the upcoming payout schedule (Key Developments).
User avatar
Narrative Update • Mar 10

ALD: Future Returns Will Be Supported By Upcoming Dividend And Stable Margins

Ampol's analyst price target has edged down slightly from A$33.74 to A$33.32 as analysts update their assumptions on growth, margins and future P/E settings while keeping their overall view broadly intact. What's in the News Ampol declared an ordinary fully franked dividend of A$0.60 per share for the six months ended December 31, 2025, giving investors clarity on the latest half year cash return from the company (Key Developments).
User avatar
Narrative Update • Feb 20

ALD: Future Earnings Will Be Supported By Stable Margins And Undervalued Shares

Analysts have kept their A$33.74 price target for Ampol unchanged, with only minor tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions behind the valuation. Valuation Changes Fair Value: unchanged at A$33.74 per share, indicating no shift in the core valuation output.
User avatar
Narrative Update • Feb 06

ALD: Future Earnings Will Be Supported By Stable Margins And Undervalued Shares

Analysts have trimmed their price target on Ampol to A$33.74 from A$34.22, reflecting updated assumptions around revenue growth, profit margins and a slightly higher discount rate, along with a modest adjustment to the expected future P/E multiple. Valuation Changes Fair Value Estimate: trimmed from A$34.22 to A$33.74, a small reduction in the assessed upside for the shares.
User avatar
Narrative Update • Jan 22

ALD: Earnings Outlook Will Strengthen As Margins Support Undervalued Share Price

Analysts have nudged their Ampol fair value estimate slightly lower, from A$34.29 to A$34.22. This reflects updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples.
User avatar
Narrative Update • Jan 07

ALD: Fair Value Confidence Will Support Positive Long Term Earnings Outlook

Analysts have maintained their fair value estimate for Ampol at A$34.29, making only minor adjustments to the discount rate, long-term revenue growth, profit margin and future P/E assumptions to reflect updated modelling rather than a change in their overall view. Valuation Changes Fair Value: Kept unchanged at A$34.29 per share, indicating no shift in the central valuation outcome.
User avatar
Narrative Update • Dec 14

ALD: Future Earnings Outlook Will Remain Balanced Amid Slight Margin And Growth Assumption Shifts

Analysts have nudged their price target on Ampol slightly higher to approximately A$34.30 from about A$33.90, citing marginally improved profit margin expectations and a modestly lower discount rate, while also tempering long term revenue growth assumptions. Valuation Changes The fair value estimate has risen slightly to around A$34.29 from about A$33.90.
Analysis Article • Dec 03

Investors Aren't Buying Ampol Limited's (ASX:ALD) Revenues

Ampol Limited's ( ASX:ALD ) price-to-sales (or "P/S") ratio of 0.2x might make it look like a strong buy right now...
User avatar
Narrative Update • Nov 27

ALD: Future Earnings Outlook To Remain Balanced Amid Minor Model Adjustments

Analysts have raised their fair value estimate for Ampol from $33.50 to $33.90. This change reflects minor model adjustments and refined assumptions regarding discount rate, revenue growth, profit margin, and projected price-to-earnings ratios.
User avatar
Narrative Update • Nov 13

ALD: Interim Dividend Set For September Reflects Balanced Payout Approach

Analysts have raised their price target for Ampol from $33.39 to $33.50, reflecting increased optimism about the company's stronger projected revenue growth, even though there is a slight decline in profit margin expectations. What's in the News Ampol's board declared an interim ordinary dividend of 40 cents per share, fully franked, for the first half of 2025 (Key Developments) This dividend represents a payout ratio of 53%, which aligns with Ampol's policy of paying out 50% to 70% of underlying RCOP net profit after tax (Key Developments) The 2025 interim dividend is lower compared to the 60 cents per share paid for the 2024 interim dividend (Key Developments) The record date for the interim dividend is September 1, 2025, with payment scheduled for September 25, 2025; the ex-date is August 29, 2025 (Key Developments) Valuation Changes Consensus Analyst Price Target increased marginally from A$33.39 to A$33.50 Discount Rate decreased from 6.98% to 6.70% Revenue Growth forecast rose significantly from 1.16% to 2.51% Net Profit Margin expectation edged down from 1.95% to 1.86% Future P/E ratio remained stable, changing slightly from 15.09x to 15.12x
Analysis Article • Nov 07

Returns Are Gaining Momentum At Ampol (ASX:ALD)

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
User avatar
Narrative Update • Oct 30

ALD: Recent Acquisitions Will Drive Cost Synergies Despite Integration Risks Ahead

Ampol's analyst price target has been raised from ARS 32.65 to ARS 33.39, with analysts citing improved earnings visibility and cost synergy opportunities following the acquisition of EG Australia as key drivers for the upward revision. Analyst Commentary Recent street research indicates a shift in sentiment among market observers, with the price target for Ampol seeing notable upward revisions.
Analysis Article • Oct 15

Ampol (ASX:ALD) Takes On Some Risk With Its Use Of Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
User avatar
Narrative Update • Aug 19

Lytton Refinery Upgrade And EV Expansion Will Meet Future Cleaner Energy Demands

Analysts have raised Ampol’s price target from A$31.05 to A$32.69, reflecting optimism over the accretive EG Australia acquisition, anticipated cost synergies, and the potential for earnings improvement as integration benefits are realized. Analyst Commentary The acquisition of EG Australia provides high earnings visibility.
User avatar
New Narrative • Feb 09

Investments In Low-Sulfur Fuels And EV Charging Will Expand Offerings, But Project Risks May Affect Future Margins

Investment in renewable fuels and EV infrastructure aims to drive revenue growth and enhance competitive position in low-carbon transport markets.

Shareholder Returns

ALDAU Oil and GasAU Market
7D1.4%2.3%-2.9%
1Y38.3%25.1%-2.6%

Return vs Industry: ALD exceeded the Australian Oil and Gas industry which returned 25.1% over the past year.

Return vs Market: ALD exceeded the Australian Market which returned -2.6% over the past year.

Price Volatility

Is ALD's price volatile compared to industry and market?
ALD volatility
ALD Average Weekly Movement4.1%
Oil and Gas Industry Average Movement10.5%
Market Average Movement9.7%
10% most volatile stocks in AU Market16.7%
10% least volatile stocks in AU Market4.0%

Stable Share Price: ALD has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: ALD's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
190013,500Matt Hallidaywww.ampol.com.au

Ampol Limited purchases and sells petroleum products in Australia, New Zealand, Singapore, and the United States. It operates through Fuels and Infrastructure, Convenience Retail, and New Zealand segments. The Fuels and Infrastructure segment wholesales fuels and lubricants, including Lytton refinery, trading and shipping, distribution, infrastructure, and energy solutions.

Ampol Limited Fundamentals Summary

How do Ampol's earnings and revenue compare to its market cap?
ALD fundamental statistics
Market capAU$9.82b
Earnings (TTM)AU$1.47b
Revenue (TTM)AU$36.48b
6.7x
P/E Ratio
0.3x
P/S Ratio

Is ALD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ALD income statement (TTM)
RevenueAU$36.48b
Cost of RevenueAU$31.74b
Gross ProfitAU$4.73b
Other ExpensesAU$3.26b
EarningsAU$1.47b

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)6.17
Gross Margin12.97%
Net Profit Margin4.03%
Debt/Equity Ratio78.8%

How did ALD perform over the long term?

See historical performance and comparison

Dividends

4.5%
Current Dividend Yield
40%
Payout Ratio

Does ALD pay a reliable dividends?

See ALD dividend history and benchmarks
When do you need to buy ALD by to receive an upcoming dividend?
Ampol dividend dates
Ex Dividend DateSep 04 2026
Dividend Pay DateSep 30 2026
Days until Ex dividend9 days
Days until Dividend pay date17 days

Does ALD pay a reliable dividends?

See ALD dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/12 20:16
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ampol Limited is covered by 18 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Uwan MinogueBarrenjoey Markets Pty Limited
Dale KoendersBarrenjoey Markets Pty Limited
Chris SavageBell Potter

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