Caltex Australia Limited engages in purchasing, refining, and distributing petroleum products in Australia, New Zealand, and Singapore.
Excellent balance sheet average dividend payer.
Share Price & News
How has Caltex Australia's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CTX's share price has been volatile over the past 3 months.
7 Day Return
AU Oil and Gas
1 Year Return
AU Oil and Gas
Return vs Industry: CTX exceeded the Australian Oil and Gas industry which returned -48.2% over the past year.
Return vs Market: CTX exceeded the Australian Market which returned -22.9% over the past year.
Price Volatility Vs. Market
How volatile is Caltex Australia's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 months ago | Simply Wall StWith A 11% Return On Equity, Is Caltex Australia Limited (ASX:CTX) A Quality Stock?
4 months ago | Simply Wall StIs Caltex Australia Limited's (ASX:CTX) CEO Pay Justified?
5 months ago | Simply Wall StCaltex Australia (ASX:CTX) Has A Somewhat Strained Balance Sheet
Is Caltex Australia undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CTX (A$22.3) is trading below our estimate of fair value (A$40.07)
Significantly Below Fair Value: CTX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CTX is poor value based on its PE Ratio (14.7x) compared to the Oil and Gas industry average (7x).
PE vs Market: CTX is poor value based on its PE Ratio (14.7x) compared to the Australian market (12.6x).
Price to Earnings Growth Ratio
PEG Ratio: CTX is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: CTX is overvalued based on its PB Ratio (1.7x) compared to the AU Oil and Gas industry average (0.7x).
How is Caltex Australia forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CTX's forecast earnings growth (9.2% per year) is above the savings rate (1.1%).
Earnings vs Market: CTX's earnings (9.2% per year) are forecast to grow slower than the Australian market (9.7% per year).
High Growth Earnings: CTX's earnings are forecast to grow, but not significantly.
Revenue vs Market: CTX's revenue (2.6% per year) is forecast to grow slower than the Australian market (4% per year).
High Growth Revenue: CTX's revenue (2.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CTX's Return on Equity is forecast to be low in 3 years time (15.7%).
How has Caltex Australia performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CTX has high quality earnings.
Growing Profit Margin: CTX's current net profit margins (1.7%) are lower than last year (2.6%).
Past Earnings Growth Analysis
Earnings Trend: CTX's earnings have grown by 10.6% per year over the past 5 years.
Accelerating Growth: CTX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CTX had negative earnings growth (-31.7%) over the past year, making it difficult to compare to the Oil and Gas industry average (-16%).
Return on Equity
High ROE: CTX's Return on Equity (11.7%) is considered low.
How is Caltex Australia's financial position?
Financial Position Analysis
Short Term Liabilities: CTX's short term assets (A$3.7B) exceed its short term liabilities (A$3.2B).
Long Term Liabilities: CTX's short term assets (A$3.7B) exceed its long term liabilities (A$1.9B).
Debt to Equity History and Analysis
Debt Level: CTX's debt to equity ratio (27.6%) is considered satisfactory.
Reducing Debt: CTX's debt to equity ratio has increased from 27.3% to 27.6% over the past 5 years.
Debt Coverage: CTX's debt is well covered by operating cash flow (93.5%).
Interest Coverage: CTX's interest payments on its debt are well covered by EBIT (5.2x coverage).
Inventory Level: CTX has a high level of physical assets or inventory.
Debt Coverage by Assets: CTX's debt is covered by short term assets (assets are 4.1x debt).
What is Caltex Australia's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CTX's dividend (3.72%) is higher than the bottom 25% of dividend payers in the Australian market (3.35%).
High Dividend: CTX's dividend (3.72%) is low compared to the top 25% of dividend payers in the Australian market (8.5%).
Stability and Growth of Payments
Stable Dividend: CTX's dividend payments have been volatile in the past 10 years.
Growing Dividend: CTX's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (54.9%), CTX's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CTX's dividends in 3 years are forecast to be covered by earnings (59.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Matthew Halliday is Interim Chief Executive Officer at Caltex Australia Limited since March 2, 2020. He was Chief Financial Officer at Caltex Australia Limited from April 15, 2019 to March 2, 2020. In ...
CEO Compensation Analysis
Compensation vs Market: Matthew's total compensation ($USD1.40M) is below average for companies of similar size in the Australian market ($USD2.57M).
Compensation vs Earnings: Insufficient data to compare Matthew's compensation with company performance.
|Independent Non-Executive Chairman||2.58yrs||AU$550.84k||0.0024% A$130.8k|
|Independent Non-Executive Director||4.92yrs||AU$255.80k||0.0026% A$141.7k|
|Independent Non-Executive Director||1.92yrs||AU$227.11k||0.00056% A$30.5k|
|Independent Non-Executive Director||4.33yrs||AU$255.58k||0.0024% A$129.1k|
|Independent Non-Executive Director||3yrs||AU$227.27k||0.0032% A$174.4k|
|Independent Non-Executive Director||6.75yrs||AU$256.61k||0.0042% A$228.8k|
Experienced Board: CTX's board of directors are considered experienced (3.7 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Caltex Australia Limited's company bio, employee growth, exchange listings and data sources
- Name: Caltex Australia Limited
- Ticker: CTX
- Exchange: ASX
- Founded: 1900
- Industry: Oil and Gas Refining and Marketing
- Sector: Energy
- Market Cap: AU$5.449b
- Shares outstanding: 249.71m
- Website: https://www.caltex.com.au
Number of Employees
- Caltex Australia Limited
- 2 Market Street
- Level 24
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CTXA.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|CTX||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jan 1992|
|CLZ||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|CTX||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Jan 1992|
|CLZ||BRSE (Berne Stock Exchange)||Yes||Ordinary Shares||CH||CHF||Jan 1992|
|CAU||ASX (Australian Securities Exchange)||NPV||AU||AUD||Oct 2019|
Caltex Australia Limited engages in purchasing, refining, and distributing petroleum products in Australia, New Zealand, and Singapore. The company operates through Convenience Retail, and Fuels & Infrastructure segments. The Convenience Retail segment sells fuels through a Caltex network of stores. The Fuels and Infrastructure segment wholesales fuels and lubricants. It distributes its products through a network of depots, diesel stops, marine facilities, and service station sites. Caltex Australia Limited was founded in 1900 and is headquartered in Sydney, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/30 10:32|
|End of Day Share Price||2020/03/30 00:00|
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.