Beach Energy
Beach Energy Limited operates as an oil and gas exploration and production company. The last earnings update was 70 days ago. More info.
Add to Portfolio Compare Print
- Beach Energy has significant price volatility in the past 3 months.
BPT Share Price and Events
7 Day Returns
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Beach Energy.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Beach Energy's value by looking at:- 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. )
- 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)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Beach Energy's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Beach Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Beach Energy's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Beach Energy Company Filings, last reported 3 months ago.
| 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).
Financial health checks
We assess Beach Energy's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Beach Energy has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
A$2,000 of
Beach Energy
shares you are expected to receive
A$18
in your first year as a dividend.
Dividend Amount
- Beach Energy's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.52%).
- Beach Energy's dividend is below the markets top 25% of dividend payers in Australia (5.81%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
| Australia Oil and Gas Industry Average Dividend Yield | Market Cap Weighted Average of 13 Stocks | 4.6% |
| Australia Market Average Dividend Yield | Market Cap Weighted Average of 417 Stocks | 4.3% |
| Australia Minimum Threshold Dividend Yield | 10th Percentile | 1.6% |
| Australia Bottom 25% Dividend Yield | 25th Percentile | 2.5% |
| Australia Top 25% Dividend Yield | 75th Percentile | 5.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in A$) | 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 |
| 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.
Income/ dividend checks
We assess Beach Energy's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The average tenure for the Beach Energy management team is less than 2 years, this suggests a new team.
Management Team
Matt Kay
CEO, MD & Director
A$2M
48
2.9 yrs
Morné Engelbrecht
Chief Financial Officer
A$945K
2.6 yrs
Dawn Summers
Chief Operating Officer
A$818K
1.2 yrs
Jeff Schrull
Group Executive of Exploration & Appraisal
A$772K
2.3 yrs
Lee Marshall
Group Executive of Corporate Strategy & Commercial
A$653K
1.3 yrs
Geoff Barker
Group Executive of Development
A$628K
1.2 yrs
Nik Burns
Investor Relations Manager
Peter Kupniewski
Senior Legal Manager & Company Secretary
0.8 yrs
Kevin Welsh
General Manager of Production
2.3 yrs
Board of Directors Tenure
Average tenure and age of the Beach Energy board of directors in years:
- 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
Independent Non Executive Chairman
A$275K
6.4 yrs
Matt Kay
CEO, MD & Director
A$2M
48
0.2 yrs
Colin Beckett
Independent Non-Executive Deputy Chairman
A$156K
3 yrs
Phil Bainbridge
Independent Non-Executive Director
A$125K
59
3.1 yrs
Joycelyn Morton
Independent Non Executive Director
A$48K
59
1.2 yrs
Ryan Stokes
Non Executive Director
A$125K
42
2.8 yrs
Richard Richards
Non Executive Director
A$128K
50
2.2 yrs
Peter Moore
Independent Non-Executive Director
A$116K
1.8 yrs
Sally-Anne Layman
Independent Non-Executive Director
0.2 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Beach Energy insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (A$) | 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 | ||
Management checks
We assess Beach Energy's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleHas 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 - – Full articleIs 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 - – Full articleIs 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 - – Full articleBeach 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 - – Full articleCan 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 - – Full articleHere'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 - – Full articleWhat 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 - – Full articleIs 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 - – Full articleZooming 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 - – Full articleCompany 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
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.
