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Beach Energy

ASX:BPT
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BPT
ASX
A$5B
Market Cap
  1. Home
  2. AU
  3. Energy
Company description

Beach Energy Limited operates as an oil and gas exploration and production company. The last earnings update was 70 days ago. More info.


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  • Beach Energy has significant price volatility in the past 3 months.
BPT Share Price and Events
7 Day Returns
5.2%
ASX:BPT
0.4%
AU Oil and Gas
-0%
AU Market
1 Year Returns
46.7%
ASX:BPT
4.4%
AU Oil and Gas
4.6%
AU Market
BPT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Beach Energy (BPT) 5.2% 3.7% 35.2% 46.7% 225.5% 28.5%
AU Oil and Gas 0.4% -1.5% 6% 4.4% 30.5% -32.3%
AU Market -0% 1% 6.9% 4.6% 18.2% 4.8%
1 Year Return vs Industry and Market
  • BPT outperformed the Oil and Gas industry which returned 4.4% over the past year.
  • BPT outperformed the Market in Australia which returned 4.6% over the past year.
Price Volatility
BPT
Industry
5yr Volatility vs Market

Value

 Is Beach Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Beach Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Beach Energy.

ASX:BPT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:BPT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.958 (1 + (1- 30%) (10.68%))
1.02
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.02 * 5.96%)
8.39%

Discounted Cash Flow Calculation for ASX:BPT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Beach Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:BPT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.39%)
2019 398.00 Analyst x2 367.19
2020 395.03 Analyst x3 336.23
2021 424.79 Est @ 7.53% 333.57
2022 750.00 Analyst x1 543.35
2023 827.00 Analyst x1 552.75
2024 876.35 Est @ 5.97% 540.39
2025 919.03 Est @ 4.87% 522.84
2026 956.74 Est @ 4.1% 502.15
2027 990.86 Est @ 3.57% 479.79
2028 1,022.46 Est @ 3.19% 456.77
Present value of next 10 years cash flows A$4,635.03
ASX:BPT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$1,022.46 × (1 + 2.31%) ÷ (8.39% – 2.31%)
A$17,207.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$17,207.08 ÷ (1 + 8.39%)10
A$7,686.97
ASX:BPT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$4,635.03 + A$7,686.97
A$12,322.00
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$12,322.00 / 2,278.25
A$5.41
ASX:BPT Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$5.41
Current discount Discount to share price of A$2.23
= -1 x (A$2.23 - A$5.41) / A$5.41
58.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Beach Energy is available for.
Intrinsic value
>50%
Share price is A$2.23 vs Future cash flow value of A$5.41
Current Discount Checks
For Beach Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Beach Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Beach Energy's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Beach Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Beach Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:BPT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.17
ASX:BPT Share Price ** ASX (2019-04-23) in AUD A$2.23
Australia Oil and Gas Industry PE Ratio Median Figure of 23 Publicly-Listed Oil and Gas Companies 7.92x
Australia Market PE Ratio Median Figure of 544 Publicly-Listed Companies 16.14x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Beach Energy.

ASX:BPT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:BPT Share Price ÷ EPS (both in AUD)

= 2.23 ÷ 0.17

13.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Beach Energy is overvalued based on earnings compared to the AU Oil and Gas industry average.
  • Beach Energy is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Beach Energy's expected growth come at a high price?
Raw Data
ASX:BPT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
-10%per year
Australia Oil and Gas Industry PEG Ratio Median Figure of 17 Publicly-Listed Oil and Gas Companies 0.24x
Australia Market PEG Ratio Median Figure of 360 Publicly-Listed Companies 1.35x

*Line of best fit is calculated by linear regression .

ASX:BPT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.15x ÷ -10%

-1.32x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Beach Energy earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Beach Energy's assets?
Raw Data
ASX:BPT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.93
ASX:BPT Share Price * ASX (2019-04-23) in AUD A$2.23
Australia Oil and Gas Industry PB Ratio Median Figure of 145 Publicly-Listed Oil and Gas Companies 1.31x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.67x
ASX:BPT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:BPT Share Price ÷ Book Value per Share (both in AUD)

= 2.23 ÷ 0.93

2.4x

* Primary Listing of Beach Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Beach Energy is overvalued based on assets compared to the AU Oil and Gas industry average.
X
Value checks
We assess Beach Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Beach Energy has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Beach Energy expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-10%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Beach Energy expected to grow at an attractive rate?
  • Beach Energy's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Beach Energy's earnings are expected to decrease over the next 1-3 years, this is below the Australia market average.
  • Beach Energy's revenue growth is positive but not above the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:BPT Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:BPT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts -10%
ASX:BPT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 0.7%
Australia Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 4.2%
Australia Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:BPT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:BPT Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 1,956 1,163 1
2022-06-30 1,948 1,132 1
2021-06-30 1,857 988 426 7
2020-06-30 1,712 899 403 11
2019-06-30 1,853 857 554 11
ASX:BPT Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,915 968 386
2018-09-30 1,583 815 292
2018-06-30 1,251 663 199
2018-03-31 979 501 289
2017-12-31 701 339 380
2017-09-30 677 329 384
2017-06-30 653 319 388
2017-03-31 642 288 251
2016-12-31 631 258 115
2016-09-30 594 246 -237
2016-06-30 558 233 -589
2016-03-31 565 228 -812

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Beach Energy's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Beach Energy's revenue is expected to grow by 0.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:BPT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Beach Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:BPT Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30 0.21 0.27 0.14 4.00
2020-06-30 0.19 0.24 0.12 7.00
2019-06-30 0.25 0.27 0.23 5.00
ASX:BPT Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.17
2018-09-30 0.13
2018-06-30 0.09
2018-03-31 0.13
2017-12-31 0.19
2017-09-30 0.20
2017-06-30 0.21
2017-03-31 0.13
2016-12-31 0.06
2016-09-30 -0.14
2016-06-30 -0.40
2016-03-31 -0.58

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Beach Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Beach Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Beach Energy has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Beach Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Beach Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Beach Energy has delivered over 20% year on year earnings growth in the past 5 years.
  • Beach Energy's 1-year earnings growth is less than its 5-year average (1.6% vs 30.2%)
  • Beach Energy's earnings growth has not exceeded the AU Oil and Gas industry average in the past year (1.6% vs 12.9%).
Earnings and Revenue History
Beach Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Beach Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:BPT Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,915.40 386.00 44.70
2018-09-30 1,583.10 292.40 44.35
2018-06-30 1,250.80 198.80 44.00
2018-03-31 979.15 289.30 38.45
2017-12-31 700.80 379.80 32.90
2017-09-30 676.70 383.65 33.50
2017-06-30 652.60 387.50 34.10
2017-03-31 641.70 251.10 40.15
2016-12-31 630.80 114.70 46.20
2016-09-30 594.40 -237.05 43.05
2016-06-30 558.00 -588.80 39.90
2016-03-31 565.25 -811.95 38.15
2015-12-31 572.50 -1,035.10 36.40
2015-09-30 650.10 -774.60 36.75
2015-06-30 727.70 -514.10 37.10
2015-03-31 824.70 -325.94 38.44
2014-12-31 921.69 -137.78 39.78
2014-09-30 986.90 -17.99 39.89
2014-06-30 1,052.10 101.80 40.00
2014-03-31 982.31 186.12 36.20
2013-12-31 912.52 270.44 32.40
2013-09-30 805.37 212.04 32.47
2013-06-30 698.21 153.65 32.54
2013-03-31 682.73 153.06 27.41
2012-12-31 667.25 152.47 22.27
2012-09-30 642.94 158.79 19.76
2012-06-30 618.62 165.11 17.24

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Beach Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Beach Energy used its assets less efficiently than the AU Oil and Gas industry average last year based on Return on Assets.
  • Beach Energy has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Beach Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Beach Energy has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Beach Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Beach Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Beach Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Beach Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Beach Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Beach Energy Company Filings, last reported 3 months ago.

ASX:BPT Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,114.40 520.80 204.20
2018-09-30 2,114.40 520.80 204.20
2018-06-30 1,838.00 925.70 311.20
2018-03-31 1,838.00 925.70 311.20
2017-12-31 1,763.70 0.00 552.20
2017-09-30 1,763.70 0.00 552.20
2017-06-30 1,402.00 148.00 348.00
2017-03-31 1,402.00 148.00 348.00
2016-12-31 1,127.30 147.30 298.20
2016-09-30 1,127.30 147.30 298.20
2016-06-30 1,074.50 146.60 199.10
2016-03-31 1,074.50 146.60 199.10
2015-12-31 765.10 145.90 164.00
2015-09-30 765.10 145.90 164.00
2015-06-30 1,354.80 148.50 170.20
2015-03-31 1,354.80 148.50 170.20
2014-12-31 1,783.09 147.62 248.59
2014-09-30 1,783.09 147.62 248.59
2014-06-30 1,870.80 143.00 411.30
2014-03-31 1,870.80 143.00 411.30
2013-12-31 1,953.73 123.45 404.30
2013-09-30 1,953.73 123.45 404.30
2013-06-30 1,782.51 119.95 347.60
2013-03-31 1,782.51 119.95 347.60
2012-12-31 1,647.73 116.60 342.65
2012-09-30 1,647.73 116.60 342.65
2012-06-30 1,611.85 113.38 378.51
  • Beach Energy's level of debt (24.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (6.3% vs 24.6% today).
  • Debt is well covered by operating cash flow (185.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 17.6x coverage).
X
Financial health checks
We assess Beach Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Beach Energy has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Beach Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.9%
Current annual income from Beach Energy dividends. Estimated to be 1.53% next year.
If you bought A$2,000 of Beach Energy shares you are expected to receive A$18 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Beach Energy's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.52%).
  • Beach Energy's dividend is below the markets top 25% of dividend payers in Australia (5.81%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:BPT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
Australia Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 4.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:BPT Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.04 1.00
2022-06-30 0.04 1.00
2021-06-30 0.04 9.00
2020-06-30 0.04 13.00
2019-06-30 0.03 13.00
ASX:BPT Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-12 0.020 0.980
2018-08-20 0.020 1.187
2018-02-19 0.020 1.273
2017-08-21 0.020 2.044
2017-02-20 0.020 2.981
2016-08-29 0.005 0.685
2016-02-25 0.000 0.000
2015-08-24 0.015 2.931
2014-08-25 0.030 2.771
2014-03-17 0.030 1.776
2013-09-19 0.028 1.949
2013-02-26 0.023 1.702
2012-08-28 0.023 1.637
2012-02-27 0.018 1.473
2011-08-30 0.018 1.357
2011-03-24 0.018 1.804
2010-08-30 0.018 2.323
2010-02-23 0.018 2.420
2009-08-28 0.018 2.152
2009-04-24 0.018 2.161

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Beach Energy is not paying a notable dividend for Australia, therefore no need to check if the payments are stable.
  • Beach Energy is not paying a notable dividend for Australia, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Beach Energy's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Beach Energy's dividends as it is not paying a notable one for Australia.
Future Payout to shareholders
  • No need to calculate the sustainability of Beach Energy's dividends in 3 years as they are not expected to pay a notable one for Australia.
X
Income/ dividend checks
We assess Beach Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Beach Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Beach Energy has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Beach Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Matt Kay
COMPENSATION A$2,425,895
AGE 48
TENURE AS CEO 2.9 years
CEO Bio

Mr. Matthew V. Kay, also known as Matt, BE Commerce, MBA, FCPA, GAICD, has been Chief Executive Officer of Beach Energy Limited since May 2, 2016 and has been its Managing Director and Director since February 25, 2019. Mr. Kay served as an Executive General Manager of Strategy and Commercial at Oil Search Limited from January 6, 2014 to January 11, 2016. He was responsible for Strategy and Planning at Oil Search, with overall responsibility for commercial input and standards across the organisation. He joined Oil Search in January 2014. He has over twenty years' experience in the oil and gas industry having worked for Epic Energy, Santos and for the last 12 years, Woodside Petroleum, where he held various commercial management and business development positions, including in the North West Shelf Joint Venture and the roles of General Manager Commercial for Middle East and Africa and the Sunrise Joint Venture. Mr. Kay has also held the General Manager of Production Planning position for Woodside. He serves as a Director of Beach Energy Resources NZ (Holdings) Limited since February 15, 2018. He served as Vice President Corporate Development and Upstream Commercial, including accountability for mergers and acquisitions. Mr. Kay is a Qualified accountant and has a Master's Degree in Business Administration.

CEO Compensation
  • Matt's compensation has increased by more than 20% in the past year.
  • Matt's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Beach Energy management team in years:

1.8
Average Tenure
  • The average tenure for the Beach Energy management team is less than 2 years, this suggests a new team.
Management Team

Matt Kay

TITLE
CEO, MD & Director
COMPENSATION
A$2M
AGE
48
TENURE
2.9 yrs

Morné Engelbrecht

TITLE
Chief Financial Officer
COMPENSATION
A$945K
TENURE
2.6 yrs

Dawn Summers

TITLE
Chief Operating Officer
COMPENSATION
A$818K
TENURE
1.2 yrs

Jeff Schrull

TITLE
Group Executive of Exploration & Appraisal
COMPENSATION
A$772K
TENURE
2.3 yrs

Lee Marshall

TITLE
Group Executive of Corporate Strategy & Commercial
COMPENSATION
A$653K
TENURE
1.3 yrs

Geoff Barker

TITLE
Group Executive of Development
COMPENSATION
A$628K
TENURE
1.2 yrs

Nik Burns

TITLE
Investor Relations Manager

Peter Kupniewski

TITLE
Senior Legal Manager & Company Secretary
TENURE
0.8 yrs

Kevin Welsh

TITLE
General Manager of Production
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Beach Energy board of directors in years:

2.2
Average Tenure
50
Average Age
  • The average tenure for the Beach Energy board of directors is less than 3 years, this suggests a new board.
Board of Directors

Glenn Davis

TITLE
Independent Non Executive Chairman
COMPENSATION
A$275K
TENURE
6.4 yrs

Matt Kay

TITLE
CEO, MD & Director
COMPENSATION
A$2M
AGE
48
TENURE
0.2 yrs

Colin Beckett

TITLE
Independent Non-Executive Deputy Chairman
COMPENSATION
A$156K
TENURE
3 yrs

Phil Bainbridge

TITLE
Independent Non-Executive Director
COMPENSATION
A$125K
AGE
59
TENURE
3.1 yrs

Joycelyn Morton

TITLE
Independent Non Executive Director
COMPENSATION
A$48K
AGE
59
TENURE
1.2 yrs

Ryan Stokes

TITLE
Non Executive Director
COMPENSATION
A$125K
AGE
42
TENURE
2.8 yrs

Richard Richards

TITLE
Non Executive Director
COMPENSATION
A$128K
AGE
50
TENURE
2.2 yrs

Peter Moore

TITLE
Independent Non-Executive Director
COMPENSATION
A$116K
TENURE
1.8 yrs

Sally-Anne Layman

TITLE
Independent Non-Executive Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Beach Energy insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
15. Feb 19 Buy Peter Moore Individual 14. Feb 19 14. Feb 19 21,700 A$1.86 A$40,470
17. Jan 19 Buy Northern Trust Global Investments Company 18. Dec 18 18. Dec 18 19,836 A$1.44 A$28,474
17. Jan 19 Sell John Hancock Life Insurance Company (U.S.A.), Asset Management Arm Company 16. Jan 19 17. Jan 19 -30,902 A$1.65 A$-51,130
17. Jan 19 Buy Allianz Asset Management AG Company 13. Dec 18 13. Dec 18 20,541 A$1.49 A$30,616
17. Jan 19 Sell Dimensional Fund Advisors L.P. Company 04. Dec 18 17. Jan 19 -10,851,432 A$1.66 A$-16,355,898
17. Jan 19 Buy Dimensional Fund Advisors L.P. Company 04. Dec 18 16. Jan 19 257,829 A$1.66 A$394,082
17. Jan 19 Sell Bessemer Investment Management LLC Company 10. Dec 18 12. Dec 18 -183,576 A$1.49 A$-274,124
20. Dec 18 Buy Glenn Davis Individual 19. Dec 18 19. Dec 18 35,000 A$1.36 A$47,600
04. Dec 18 Buy Pacific Life Fund Advisors LLC Company 11. Jul 18 14. Aug 18 111,545 A$1.93 A$215,265
04. Dec 18 Sell Allianz Asset Management AG Company 14. Aug 18 15. Aug 18 -46,376 A$2.00 A$-92,545
04. Dec 18 Buy Allianz Asset Management AG Company 29. Nov 18 29. Nov 18 20,364 A$1.54 A$31,379
04. Dec 18 Sell Dimensional Fund Advisors L.P. Company 23. Nov 17 30. Nov 18 -17,287,701 A$2.10 A$-27,378,057
04. Dec 18 Buy Dimensional Fund Advisors L.P. Company 11. Oct 17 20. Nov 18 9,400,283 A$1.94 A$12,229,473
30. Nov 18 Buy Richard Richards Individual 28. Nov 18 28. Nov 18 50,000 A$1.48 A$74,000
30. Nov 18 Buy Colin Beckett Individual 28. Nov 18 28. Nov 18 6,048 A$1.44 A$8,709
25. Nov 18 Buy Colin Beckett Individual 21. Nov 18 21. Nov 18 5,732 A$1.74 A$9,974
16. Nov 18 Buy Glenn Davis Individual 15. Nov 18 15. Nov 18 30,000 A$1.67 A$50,235
14. Nov 18 Buy Seven Group Holdings Limited Company 14. Nov 18 14. Nov 18 68,000,000 A$1.64 A$111,180,019
28. Sep 18 Sell Vinva Investment Management Company 26. May 18 26. Sep 18 -8,293,578 A$1.92 A$-15,923,902
28. Sep 18 Buy Vinva Investment Management Company 26. May 18 26. Sep 18 6,538,964 A$1.62 A$10,570,669
29. May 18 Sell Vinva Investment Management Company 25. Jan 18 25. May 18 -18,347,323 A$1.29 A$-23,745,082
29. May 18 Buy Vinva Investment Management Company 25. Jan 18 25. May 18 66,538,533 A$1.47 A$97,846,916
X
Management checks
We assess Beach Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Beach Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Many Beach Energy Limited (ASX:BPT) Shares Do Institutions Own?

A look at the shareholders of Beach Energy Limited (ASX:BPT) can tell us which group is most powerful. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that have been privatized tend to have low insider ownership.

Simply Wall St -

Has Beach Energy Limited (ASX:BPT) Got Enough Cash?

Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Beach Energy Limited (ASX:BPT), with a market cap of AU$4.6b, often get neglected by retail investors. … Today we will look at BPT’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Check out our latest analysis for Beach Energy

Simply Wall St -

Is Beach Energy's (ASX:BPT) Share Price Gain Of 244% Well Earned?

For instance the Beach Energy Limited (ASX:BPT) share price is 244% higher than it was three years ago. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During three years of share price growth, Beach Energy moved from a loss to profitability.

Simply Wall St -

Is Beach Energy Limited's (ASX:BPT) CEO Overpaid Relative To Its Peers?

How Does Matt Kay's Compensation Compare With Similar Sized Companies. … According to our data, Beach Energy Limited has a market capitalization of AU$4.7b, and pays its CEO total annual compensation worth AU$2.4m. … While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at AU$903k

Simply Wall St -

Beach Energy Limited (ASX:BPT) Insiders Increased Their Holdings

We often see insiders buying up shares in companies that perform well over the long term. … So before you buy or sell Beach Energy Limited (ASX:BPT), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares.

Simply Wall St -

Can Beach Energy Limited's (ASX:BPT) ROE Continue To Surpass The Industry Average?

Our data shows Beach Energy has a return on equity of 11% for the last year. … One way to conceptualize this, is that for each A$1 of shareholders' equity it has, the company made A$0.11 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand Beach Energy Limited (ASX:BPT)

We'll show how you can use Beach Energy Limited's (ASX:BPT) P/E ratio to inform your assessment of the investment opportunity. … Beach Energy has a P/E ratio of 18.56, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What Kind Of Shareholder Owns Most Beach Energy Limited (ASX:BPT) Stock?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that have been privatized tend to have low insider ownership. … institutions are noticeable on the share registry.

Simply Wall St -

Is Beach Energy Limited's (ASX:BPT) CEO Being Overpaid?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Matt Kay's Compensation Compare With Similar Sized Companies. … According to our data, Beach Energy Limited has a market capitalization of AU$3.6b, and pays its CEO total annual compensation worth AU$2.4m.

Simply Wall St -

Zooming in on ASX:BPT's 1.3% Dividend Yield

Historically, Beach Energy Limited (ASX:BPT) has been paying a dividend to shareholders. … Let's take a look at Beach Energy in more detail. … Check out our latest analysis for Beach Energy

Simply Wall St -

Company Info

Description

Beach Energy Limited operates as an oil and gas exploration and production company. The company has operated and non-operated, onshore and offshore, oil and gas production from five producing basins across Australia and New Zealand. It has interests in approximately 450 exploration and production tenements. The company was formerly known as Beach Petroleum Limited and changed its name to Beach Energy Limited in December 2009. Beach Energy Limited was founded in 1961 and is headquartered in Adelaide, Australia.

Details
Name: Beach Energy Limited
BPT
Exchange: ASX
Founded: 1961
A$4,875,453,082
2,278,249,104
Website: http://www.beachenergy.com.au
Address: Beach Energy Limited
25 Conyngham Street,
Glenside,
Adelaide,
South Australia, 5065,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX BPT Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
OTCPK BEPT.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB BPS Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
CHIA BPT Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
OTCPK BCHE.Y ADR Pink Sheets LLC US USD 22. Jul 2010
Number of employees
Current staff
Staff numbers
0
Beach Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 10:31
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.