BPT

Beach EnergyASX:BPT Stock Report

Market Cap

AU$2.5b

7D

6.3%

1Y

-21.2%

Updated

16 Sep, 2021

Data

Company Financials +
BPT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance2/6
Financial Health5/6
Dividends3/6

BPT Overview

Beach Energy Limited operates as an oil and gas exploration and production company.

Rewards

PE ratio (7.9x) is below the Australian market (18.7x)

Earnings are forecast to grow 8.95% per year

Risk Analysis

No risks detected for BPT from our risk checks.

Share Price & News

How has Beach Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BPT is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BPT's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

6.3%

BPT

6.9%

AU Oil and Gas

0.8%

AU Market


1 Year Return

-21.2%

BPT

37.6%

AU Oil and Gas

28.0%

AU Market

Return vs Industry: BPT underperformed the Australian Oil and Gas industry which returned 35.8% over the past year.

Return vs Market: BPT underperformed the Australian Market which returned 27.3% over the past year.


Shareholder returns

BPTIndustryMarket
7 Day6.3%6.9%0.8%
30 Day0.9%11.9%-0.3%
90 Day-16.4%4.0%1.5%
1 Year-20.0%-21.2%41.5%37.6%33.5%28.0%
3 Year-40.2%-42.4%-17.7%-25.7%37.1%20.3%
5 Year99.0%81.0%15.0%-2.5%67.0%34.0%

Long-Term Price Volatility Vs. Market

How volatile is Beach Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Beach Energy Fundamentals Summary

How do Beach Energy's earnings and revenue compare to its market cap?
BPT fundamental statistics
Market CapAU$2.49b
Earnings (TTM)AU$316.50m
Revenue (TTM)AU$1.56b

7.9x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BPT income statement (TTM)
RevenueAU$1.56b
Cost of RevenueAU$967.10m
Gross ProfitAU$594.90m
ExpensesAU$278.40m
EarningsAU$316.50m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 29, 2021

Earnings per share (EPS)0.14
Gross Margin38.09%
Net Profit Margin20.26%
Debt/Equity Ratio5.6%

How did BPT perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

14%

Payout Ratio

Valuation

Is Beach Energy undervalued compared to its fair value and its price relative to the market?

7.88x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BPT (A$1.1) is trading above our estimate of fair value (A$1.03)

Significantly Below Fair Value: BPT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BPT is good value based on its PE Ratio (7.9x) compared to the Australian Oil and Gas industry average (20x).

PE vs Market: BPT is good value based on its PE Ratio (7.9x) compared to the Australian market (18.7x).


Price to Earnings Growth Ratio

PEG Ratio: BPT is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: BPT is good value based on its PB Ratio (0.8x) compared to the AU Oil and Gas industry average (2.5x).


Future Growth

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

8.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BPT's forecast earnings growth (8.9% per year) is above the savings rate (1.9%).

Earnings vs Market: BPT's earnings (8.9% per year) are forecast to grow slower than the Australian market (11.2% per year).

High Growth Earnings: BPT's earnings are forecast to grow, but not significantly.

Revenue vs Market: BPT's revenue (5.1% per year) is forecast to grow slower than the Australian market (5.1% per year).

High Growth Revenue: BPT's revenue (5.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BPT's Return on Equity is forecast to be low in 3 years time (11.1%).


Past Performance

How has Beach Energy performed over the past 5 years?

28.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BPT has high quality earnings.

Growing Profit Margin: BPT's current net profit margins (20.3%) are lower than last year (28.9%).


Past Earnings Growth Analysis

Earnings Trend: BPT has become profitable over the past 5 years, growing earnings by 28.4% per year.

Accelerating Growth: BPT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BPT had negative earnings growth (-36.6%) over the past year, making it difficult to compare to the Oil and Gas industry average (50.8%).


Return on Equity

High ROE: BPT's Return on Equity (10.3%) is considered low.


Financial Health

How is Beach Energy's financial position?


Financial Position Analysis

Short Term Liabilities: BPT's short term assets (A$670.9M) exceed its short term liabilities (A$399.0M).

Long Term Liabilities: BPT's short term assets (A$670.9M) do not cover its long term liabilities (A$1.2B).


Debt to Equity History and Analysis

Debt Level: BPT's debt to equity ratio (5.6%) is considered satisfactory.

Reducing Debt: BPT's debt to equity ratio has reduced from 13.6% to 5.6% over the past 5 years.

Debt Coverage: BPT's debt is well covered by operating cash flow (436.4%).

Interest Coverage: BPT earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

1.83%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BPT's dividend (1.83%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.33%).

High Dividend: BPT's dividend (1.83%) is low compared to the top 25% of dividend payers in the Australian market (5.26%).


Stability and Growth of Payments

Stable Dividend: BPT's dividend payments have been volatile in the past 10 years.

Growing Dividend: BPT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.4%), BPT's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BPT's dividends in 3 years are forecast to be well covered by earnings (16.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.9yrs

Average management tenure


CEO

Matt Kay (51 yo)

5.33yrs

Tenure

AU$2,600,951

Compensation

Mr. Matthew Vincent Kay, also known as Matt, BE Commerce, MBA, FCPA, GAICD, joined Beach Energy Limited in May 2, 2016 as Chief Executive Officer and has been its Managing Director and Director since Febru...


CEO Compensation Analysis

Compensation vs Market: Matt's total compensation ($USD1.91M) is above average for companies of similar size in the Australian market ($USD1.26M).

Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BPT's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: BPT's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Beach Energy Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Beach Energy Limited
  • Ticker: BPT
  • Exchange: ASX
  • Founded: 1961
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$2.495b
  • Shares outstanding: 2.28b
  • Website: https://www.beachenergy.com.au

Number of Employees


Location

  • Beach Energy Limited
  • 80 Flinders Street
  • Level 8
  • Adelaide
  • South Australia
  • 5000
  • Australia

Listings


Biography

Beach Energy Limited operates as an oil and gas exploration and production company. The company engages in the operated and non-operated, onshore and offshore, and oil and gas production in five producing...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 15:25
End of Day Share Price2021/09/16 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.