We’ve recently updated our valuation analysis.

Beach Energy Valuation

Is BPT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

[object Object] Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BPT?

Other financial metrics that can be useful for relative valuation.

BPT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.2x
Enterprise Value/EBITDA3.7x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

How does BPT's PE Ratio compare to its peers?

The above table shows the PE ratio for BPT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.4x
STO Santos
11x-13.0%AU$23.8b
HZN Horizon Oil
6xn/aAU$216.2m
WDS Woodside Energy Group
13.9x-11.9%AU$67.8b
VEA Viva Energy Group
6.7x-15.2%AU$4.2b
BPT Beach Energy
8.2x9.0%AU$4.1b

Price-To-Earnings vs Peers: BPT is good value based on its Price-To-Earnings Ratio (8.2x) compared to the peer average (9.4x).


Price to Earnings Ratio vs Industry

How does BPT's PE Ratio compare vs other companies in the AU Oil and Gas Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-9.0%
n/an/an/a

Price-To-Earnings vs Industry: BPT is expensive based on its Price-To-Earnings Ratio (8.2x) compared to the Australian Oil and Gas industry average (6.8x)


Price to Earnings Ratio vs Fair Ratio

What is BPT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BPT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.2x
Fair PE Ratio11.7x

Price-To-Earnings vs Fair Ratio: BPT is good value based on its Price-To-Earnings Ratio (8.2x) compared to the estimated Fair Price-To-Earnings Ratio (11.7x).


Share Price vs Fair Value

What is the Fair Price of BPT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BPT (A$1.8) is trading below our estimate of fair value (A$9.41)

Significantly Below Fair Value: BPT is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BPT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$1.80
AU$2.12
+17.8%
18.1%AU$3.08AU$1.54n/a16
Nov ’23AU$1.64
AU$2.04
+24.9%
19.9%AU$3.08AU$1.50n/a17
Oct ’23AU$1.49
AU$2.04
+37.1%
18.3%AU$3.08AU$1.50n/a17
Sep ’23AU$1.64
AU$2.04
+24.6%
18.1%AU$3.08AU$1.55n/a17
Aug ’23AU$1.82
AU$2.11
+15.8%
10.9%AU$2.80AU$1.80n/a16
Jul ’23AU$1.71
AU$1.99
+16.6%
12.4%AU$2.70AU$1.65n/a15
Jun ’23AU$1.75
AU$1.96
+12.2%
13.5%AU$2.70AU$1.51n/a15
May ’23AU$1.63
AU$1.95
+19.8%
13.4%AU$2.70AU$1.58n/a15
Apr ’23AU$1.56
AU$1.89
+21.0%
13.1%AU$2.70AU$1.58n/a15
Mar ’23AU$1.54
AU$1.84
+19.4%
14.2%AU$2.70AU$1.50n/a15
Feb ’23AU$1.47
AU$1.74
+18.4%
16.6%AU$2.70AU$1.40n/a15
Jan ’23AU$1.26
AU$1.72
+36.8%
17.1%AU$2.70AU$1.40n/a15
Dec ’22AU$1.18
AU$1.73
+47.5%
17.5%AU$2.70AU$1.40AU$1.8514
Nov ’22AU$1.40
AU$1.73
+23.8%
17.5%AU$2.70AU$1.40AU$1.6414
Oct ’22AU$1.42
AU$1.59
+11.7%
19.4%AU$2.50AU$1.12AU$1.4913
Sep ’22AU$1.08
AU$1.51
+39.9%
21.6%AU$2.50AU$1.20AU$1.6413
Aug ’22AU$1.20
AU$1.67
+39.5%
16.6%AU$2.50AU$1.36AU$1.8214
Jul ’22AU$1.26
AU$1.69
+34.7%
16.0%AU$2.50AU$1.42AU$1.7114
Jun ’22AU$1.28
AU$1.72
+34.6%
16.5%AU$2.50AU$1.42AU$1.7514
May ’22AU$1.28
AU$2.03
+59.2%
9.2%AU$2.50AU$1.75AU$1.6314
Apr ’22AU$1.71
AU$2.07
+21.3%
13.8%AU$2.90AU$1.70AU$1.5614
Mar ’22AU$1.69
AU$2.00
+19.0%
14.2%AU$2.90AU$1.70AU$1.5415
Feb ’22AU$1.64
AU$2.10
+27.9%
13.2%AU$2.90AU$1.75AU$1.4715
Jan ’22AU$1.81
AU$2.03
+12.7%
11.9%AU$2.65AU$1.65AU$1.2615
Dec ’21AU$1.77
AU$1.95
+10.3%
13.4%AU$2.65AU$1.60AU$1.1814

Analyst Forecast: Target price is less than 20% higher than the current share price.


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