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Origin Energy

ASX:ORG
Snowflake Description

Second-rate dividend payer and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ORG
ASX
A$13B
Market Cap
  1. Home
  2. AU
  3. Energy
Company description

Origin Energy Limited, an integrated energy company, engages in energy retailing, power generation, and natural gas production businesses in Australia, New Zealand, and internationally. The last earnings update was 58 days ago. More info.


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ORG Share Price and Events
7 Day Returns
1%
ASX:ORG
1.4%
AU Oil and Gas
0.7%
AU Market
1 Year Returns
-22%
ASX:ORG
3.8%
AU Oil and Gas
4.7%
AU Market
ORG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Origin Energy (ORG) 1% -2% 1.7% -22% 35.8% -51.1%
AU Oil and Gas 1.4% -1.6% 5.5% 3.8% 28.7% -32.5%
AU Market 0.7% 1.1% 6.5% 4.7% 17.5% 4.9%
1 Year Return vs Industry and Market
  • ORG underperformed the Oil and Gas industry which returned 3.8% over the past year.
  • ORG underperformed the Market in Australia which returned 4.7% over the past year.
Price Volatility
ORG
Industry
5yr Volatility vs Market

ORG Value

 Is Origin 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 Origin 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 Origin Energy.

ASX:ORG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.5%
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:ORG
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 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.953 (1 + (1- 30%) (52.8%))
1.205
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.205 * 5.96%)
9.49%

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

The calculations below outline how an intrinsic value for Origin 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:ORG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 9.49%)
2019 815.52 Analyst x3 744.82
2020 925.16 Analyst x4 771.70
2021 767.26 Analyst x2 584.51
2022 750.96 Est @ -2.12% 522.50
2023 745.00 Est @ -0.79% 473.41
2024 746.03 Est @ 0.14% 432.97
2025 751.93 Est @ 0.79% 398.56
2026 761.30 Est @ 1.25% 368.54
2027 773.23 Est @ 1.57% 341.86
2028 787.07 Est @ 1.79% 317.81
Present value of next 10 years cash flows A$4,956.69
ASX:ORG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$787.07 × (1 + 2.31%) ÷ (9.49% – 2.31%)
A$11,214.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$11,214.83 ÷ (1 + 9.49%)10
A$4,528.50
ASX:ORG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$4,956.69 + A$4,528.50
A$9,485.19
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$9,485.19 / 1,760.67
A$5.39
ASX:ORG Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$5.39
Current discount Discount to share price of A$7.32
= -1 x (A$7.32 - A$5.39) / A$5.39
-35.9%

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

  • The current share price of Origin Energy is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Origin Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Origin Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:ORG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.69
ASX:ORG Share Price ** ASX (2019-04-18) in AUD A$7.32
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 545 Publicly-Listed Companies 16.18x

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

** Primary Listing of Origin Energy.

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

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

= 7.32 ÷ 0.69

10.62x

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

  • Origin Energy is overvalued based on earnings compared to the AU Oil and Gas industry average.
  • Origin Energy is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Origin Energy's expected growth come at a high price?
Raw Data
ASX:ORG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
6.9%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 361 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.62x ÷ 6.9%

1.54x

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

  • Origin Energy is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Origin Energy's assets?
Raw Data
ASX:ORG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$7.26
ASX:ORG Share Price * ASX (2019-04-18) in AUD A$7.32
Australia Oil and Gas Industry PB Ratio Median Figure of 144 Publicly-Listed Oil and Gas Companies 1.31x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.68x
ASX:ORG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 7.32 ÷ 7.26

1.01x

* Primary Listing of Origin Energy.

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

  • Origin Energy is good value based on assets compared to the AU Oil and Gas industry average.
X
Value checks
We assess Origin 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. Origin Energy has a total score of 2/6, 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.

ORG Future Performance

 How is Origin Energy expected to perform in the next 1 to 3 years based on estimates from 11 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
6.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Origin Energy expected to grow at an attractive rate?
  • Origin Energy's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Origin Energy's earnings growth is expected to exceed the Australia market average.
  • Origin Energy's revenue growth is positive but not above the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:ORG Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:ORG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 6.9%
ASX:ORG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 0.1%
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 6.6%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.1%

*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:ORG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:ORG Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 15,299 1,520 1,512 3
2022-06-30 14,959 1,247 1,470 3
2021-06-30 14,504 1,168 1,339 9
2020-06-30 14,520 1,218 1,238 11
2019-06-30 14,985 1,114 1,149 11
ASX:ORG Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 15,011 1,312 1,212
2018-09-30 14,808 1,303 746
2018-06-30 14,604 1,293 280
2017-12-31 14,832 1,328 -810
2017-09-30 14,239 1,309 -1,431
2017-06-30 13,646 1,289 -2,052
2016-12-31 11,912 1,431 -1,482
2016-09-30 11,684 1,418 -896
2016-06-30 11,456 1,404 -309

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Origin Energy's earnings are expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).
  • Origin Energy's revenue is expected to grow by 0.1% 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:ORG 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 11 Analyst Estimates (S&P Global) See Below

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

ASX:ORG Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30 0.77 0.77 0.77 1.00
2022-06-30 0.75 0.75 0.75 1.00
2021-06-30 0.76 1.00 0.62 5.00
2020-06-30 0.70 0.92 0.53 7.00
2019-06-30 0.65 0.78 0.53 5.00
ASX:ORG Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.69
2018-09-30 0.42
2018-06-30 0.16
2017-12-31 -0.46
2017-09-30 -0.82
2017-06-30 -1.17
2016-12-31 -0.85
2016-09-30 -0.54
2016-06-30 -0.20

*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.
  • Origin Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Origin 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.
Origin Energy has a total score of 2/6, 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.

ORG Past Performance

  How has Origin 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 Origin 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.
  • Origin Energy's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Origin Energy has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Origin Energy has become profitable in the last year making it difficult to compare the AU Oil and Gas industry average.
Earnings and Revenue History
Origin 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 Origin Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:ORG 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 15,011.00 1,212.00 -4.00
2018-09-30 14,807.50 746.00 -2.00
2018-06-30 14,604.00 280.00
2017-12-31 14,832.00 -810.00 379.00
2017-09-30 14,239.00 -1,431.00 189.50
2017-06-30 13,646.00 -2,052.00
2016-12-31 11,912.00 -1,482.00 53.00
2016-09-30 11,684.00 -895.50 53.00
2016-06-30 11,456.00 -309.00 53.00
2015-12-31 11,505.00 -651.00 16.00
2015-09-30 11,699.00 -584.00 22.50
2015-06-30 11,893.00 -517.00 29.00
2014-12-31 11,142.00 -74.00 74.00
2014-09-30 11,752.50 122.50 64.00
2014-06-30 12,363.00 319.00 54.00
2014-03-31 14,526.50 353.00 31.50
2013-12-31 14,535.00 176.00 9.00
2013-09-30 14,641.00 277.00 13.50
2013-06-30 14,747.00 378.00 18.00
2013-03-31 14,316.50 544.00 370.50
2012-12-31 13,886.00 710.00 723.00
2012-09-30 13,410.50 845.00 727.50
2012-06-30 12,935.00 980.00 732.00

*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.
  • Origin Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Origin Energy used its assets less efficiently than the AU Oil and Gas industry average last year based on Return on Assets.
  • Origin Energy has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Origin 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.
Origin Energy has a total score of 1/6, 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.

ORG Health

 How is Origin 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 Origin Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Origin Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Origin Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Origin 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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.6x 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 Origin Energy Company Filings, last reported 3 months ago.

ASX:ORG Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 12,788.00 6,805.00 490.00
2018-09-30 12,788.00 6,805.00 490.00
2018-06-30 11,828.00 7,511.00 587.00
2017-12-31 11,081.00 8,557.00 652.00
2017-09-30 11,081.00 8,557.00 652.00
2017-06-30 11,418.00 8,826.00 203.00
2016-12-31 12,982.00 9,432.00 638.00
2016-09-30 12,982.00 9,432.00 638.00
2016-06-30 14,060.00 10,000.00 465.00
2015-12-31 15,084.00 9,506.00 672.00
2015-09-30 15,084.00 9,506.00 672.00
2015-06-30 14,159.00 12,293.00 358.00
2014-12-31 15,261.00 12,083.00 562.00
2014-09-30 15,261.00 12,083.00 562.00
2014-06-30 15,129.00 9,698.00 580.00
2014-03-31 15,129.00 9,778.00 581.00
2013-12-31 15,201.00 8,783.00 975.00
2013-09-30 15,201.00 8,783.00 975.00
2013-06-30 14,794.00 7,508.00 602.00
2013-03-31 14,794.00 7,508.00 602.00
2012-12-31 14,792.00 6,317.00 730.00
2012-09-30 14,792.00 6,317.00 730.00
2012-06-30 14,458.00 6,233.00 636.00
  • Origin Energy's level of debt (53.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (57.9% vs 53.2% today).
  • Debt is not well covered by operating cash flow (19.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.7x coverage).
X
Financial health checks
We assess Origin 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. Origin Energy has a total score of 2/6, 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.

ORG Dividends

 What is Origin 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
2.73%
Current annual income from Origin Energy dividends. Estimated to be 4.16% next year.
If you bought A$2,000 of Origin Energy shares you are expected to receive A$55 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?
  • Origin Energy's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.5%).
  • Origin 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:ORG 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 11 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:ORG Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.33 3.00
2022-06-30 0.32 3.00
2021-06-30 0.37 9.00
2020-06-30 0.35 12.00
2019-06-30 0.20 12.00
ASX:ORG Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-20 0.200 2.738
2017-08-15 0.000 0.000
2017-02-15 0.000 0.000
2016-08-17 0.000 0.000
2016-02-17 0.200 3.794
2015-08-20 0.500 9.654
2015-02-18 0.500 4.215
2014-08-21 0.500 3.858
2014-02-19 0.500 3.445
2013-08-21 0.500 3.563
2013-02-20 0.500 3.983
2012-09-19 0.500 4.358
2012-02-23 0.500 3.954
2011-08-23 0.500 3.637
2011-02-24 0.500 3.217
2010-08-24 0.500 3.093
2010-02-25 0.500 3.176
2009-08-19 0.500 3.116
2009-04-20 0.500 3.352

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Origin Energy's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (6.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Origin 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 Origin Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Origin Energy has a total score of 3/6, see the detailed checks below.


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

ORG Management

 What is the CEO of Origin 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
Frank Calabria
COMPENSATION A$4,101,286
AGE 50
TENURE AS CEO 2.5 years
CEO Bio

Mr. Frank G. Calabria, BEc, GradDip AppFin, MBA, FCA, FFin, has been the Chief Executive Officer, Managing Director and Executive Director of Origin Energy Limited since October 19, 2016. Mr. Calabria has been the Chief Executive Officer and Managing Director of Origin Energy Power Limited since October 2016. Mr. Calabria served as the Chief Executive Officer of Energy Markets at Origin Energy Limited since March 2009 until October 19, 2016. Mr. Calabria was responsible for the integrated business within Australia including retailing and trading of natural gas, electricity and LPG, power generation and solar and energy services. He served as an Executive General Manager for Energy Markets Australia at Origin Energy Ltd. since December 2008 and also served as its Chief Financial Officer from November 2001 to March 1, 2009 and was responsible for its finance, procurement & IT functions. He joined Origin Energy Limited in November 2001. He held in senior finance positions with Pioneer International Limited, Hanson PLC and Hutchison Telecommunications. He served as Chairman of the Australian Energy Council (AEC) and serves as Director. He has been a Director of Origin Energy Electricity Limited since October 19, 2016. He has been a Director of Origin Energy New Zealand Limited since October 19, 2016 and Lattice Energy Resources NZ (Holdings) Limited (formerly known as Origin Energy Resources NZ Limited) since October 19, 2016. He served as a Director of Beach Energy Resources NZ (Holdings) Limited since January 31, 2018. He is Director of the Australian Petroleum Production & Exploration Association. Mr. Calabria serves as a Director of Origin Energy Finance Limited. He served as a Non-Executive Director at Australian Energy Market Operator Limited since November 6, 2014 until May 01, 2017. He served as a Director at Origin Energy Electricity Limited from November 9, 2004 to June 25, 2015. He is also a Fellow of the Chartered Accountants Australia and New Zealand and a Fellow of the Financial Services Institute of Australasia. Mr. Calabria holds Bachelor of Economics Degree from Macquarie University and a Masters of Business Administration (Executive) from the Australian Graduate School of Management.

CEO Compensation
  • Frank's compensation has increased in line with Origin Energy recently becoming profitable.
  • Frank's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Origin Energy management team in years:

2.3
Average Tenure
  • The tenure for the Origin Energy management team is about average.
Management Team

Frank Calabria

TITLE
MD, CEO & Executive Director
COMPENSATION
A$4M
AGE
50
TENURE
2.5 yrs

Lawrie Tremaine

TITLE
Chief Financial Officer
COMPENSATION
A$4M
TENURE
1.8 yrs

Greg Jarvis

TITLE
Executive General Manager of Energy Supply & Operations
COMPENSATION
A$1M
TENURE
2.3 yrs

Jon Briskin

TITLE
Executive General Manager of Retail
COMPENSATION
A$1M
TENURE
2.3 yrs

Mark Schubert

TITLE
Executive General Manager of Integrated Gas
COMPENSATION
A$1M
TENURE
3.9 yrs

Carl McCamish

TITLE
Executive General Manager of Technology
TENURE
2.3 yrs

Kylie FitzGerald

TITLE
Director of Group Communications & Investor Relations

Andrew Clarke

TITLE
Group General Counsel & Company Secretary

Tony Lucas

TITLE
Executive General Manager of Future Energy & Business Development
TENURE
2.3 yrs

Sharon Ridgway

TITLE
Executive General Manager of People & Culture
TENURE
2.3 yrs
Board of Directors Tenure

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

3.9
Average Tenure
57
Average Age
  • The tenure for the Origin Energy board of directors is about average.
Board of Directors

Gordon Cairns

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$690K
AGE
67
TENURE
5.5 yrs

Frank Calabria

TITLE
MD, CEO & Executive Director
COMPENSATION
A$4M
AGE
50
TENURE
2.5 yrs

John Akehurst

TITLE
Independent Non-Executive Director
COMPENSATION
A$259K
AGE
69
TENURE
10 yrs

Bruce William Morgan

TITLE
Independent Non-Executive Director
COMPENSATION
A$295K
TENURE
6.4 yrs

Maxine Brenner

TITLE
Independent Non-Executive Director
COMPENSATION
A$267K
AGE
56
TENURE
5.4 yrs

Scott Perkins

TITLE
Independent Non-Executive Director
COMPENSATION
A$293K
AGE
53
TENURE
3.6 yrs

Steve Sargent

TITLE
Independent Non-Executive Director
COMPENSATION
A$238K
AGE
58
TENURE
3.9 yrs

Teresa Engelhard

TITLE
Independent Non-Executive Director
COMPENSATION
A$241K
TENURE
1.9 yrs

Greg Lalicker

TITLE
Independent Non-Executive Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
30. Dec 18 Buy Maxine Brenner Individual 28. Dec 18 28. Dec 18 6,250 A$6.34 A$39,625
21. Dec 18 Buy Teresa Engelhard Individual 21. Dec 18 21. Dec 18 23,821 A$6.30 A$150,072
21. Nov 18 Buy BlackRock, Inc. Company 20. Nov 18 20. Nov 18 105,275 A$6.81 A$716,923
19. Nov 18 Sell BlackRock, Inc. Company 14. Nov 18 16. Nov 18 -63,279 A$6.97 A$-59,091
19. Nov 18 Buy BlackRock, Inc. Company 14. Nov 18 16. Nov 18 258,719 A$6.95 A$137,658
14. Nov 18 Buy BlackRock, Inc. Company 13. Nov 18 13. Nov 18 6,803 A$7.04 A$47,893
13. Nov 18 Sell BlackRock, Inc. Company 12. Nov 18 12. Nov 18 -19,374 A$7.16 A$-138,718
13. Nov 18 Buy BlackRock, Inc. Company 12. Nov 18 12. Nov 18 9,325 A$7.16 A$66,767
12. Nov 18 Buy BlackRock, Inc. Company 05. Nov 18 09. Nov 18 477,063 A$7.23 A$263,305
05. Nov 18 Sell BlackRock, Inc. Company 31. Aug 18 02. Nov 18 -1,426,406 A$8.48 A$0
05. Nov 18 Buy BlackRock, Inc. Company 31. Aug 18 02. Nov 18 1,644,945 A$8.59 A$29,364
02. Nov 18 Buy Teresa Engelhard Individual 01. Nov 18 01. Nov 18 10,600 A$6.95 A$73,670
02. Sep 18 Buy BlackRock, Inc. Company 29. Aug 18 29. Aug 18 5,102 A$8.17 A$41,683
26. Aug 18 Sell BlackRock, Inc. Company 21. Aug 18 23. Aug 18 -580,534 A$8.50 A$-638,061
26. Aug 18 Buy BlackRock, Inc. Company 21. Aug 18 22. Aug 18 2,004 A$8.28 A$0
28. Aug 18 Sell BlackRock, Inc. Company 27. Aug 18 27. Aug 18 -6,522 A$8.10 A$-52,828
27. Aug 18 Buy BlackRock, Inc. Company 21. Aug 18 24. Aug 18 81,635 A$8.39 A$684,967
21. Aug 18 Buy BlackRock, Inc. Company 15. Aug 18 20. Aug 18 199,857 A$9.60 A$1,775,535
12. Aug 18 Sell BlackRock, Inc. Company 20. Dec 17 08. Aug 18 -5,025,999 A$10.12 A$-40,781
12. Aug 18 Buy BlackRock, Inc. Company 20. Dec 17 08. Aug 18 6,300,975 A$10.13 A$39,156
15. Aug 18 Sell BlackRock, Inc. Company 13. Aug 18 14. Aug 18 -328,430 A$9.84 A$0
15. Aug 18 Buy BlackRock, Inc. Company 13. Aug 18 14. Aug 18 27,734 A$9.79 A$270,393
24. Jun 18 Sell The Vanguard Group, Inc. Company 21. Feb 18 20. Jun 18 -783,521 A$9.95 A$-7,779,166
24. Jun 18 Buy The Vanguard Group, Inc. Company 21. Feb 18 20. Jun 18 3,286,427 A$10.12 A$33,241,392
X
Management checks
We assess Origin 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. Origin 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.

ORG News

Simply Wall St News

Is Origin Energy Limited (ASX:ORG) A Financially Sound Company?

Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Origin Energy Limited (ASX:ORG), with a market cap of AU$13b, often get neglected by retail investors. … Today we will look at ORG’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. … View our latest analysis for Origin Energy

Simply Wall St -

Do Institutions Own Origin Energy Limited (ASX:ORG) Shares?

If you want to know who really controls Origin Energy Limited (ASX:ORG), then you'll have to look at the makeup of its share registry. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … Origin Energy has a market capitalization of AU$13b, so it's too big to fly under the radar.

Simply Wall St -

What Can We Expect From Origin Energy Limited's (ASX:ORG) Earnings Over The Next Year?

After Origin Energy Limited's (ASX:ORG) earnings announcement on 31 December 2018, … with profits predicted to drop by -3.5% next year.

Simply Wall St -

Origin Energy Limited (ASX:ORG) Is Employing Capital Very Effectively

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Should We Be Cautious About Origin Energy Limited's (ASX:ORG) ROE Of 2.4%?

Our data shows Origin Energy has a return on equity of 2.4% for the last year. … That means that for every A$1 worth of shareholders' equity, it generated A$0.024 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Can We See Significant Institutional Ownership On The Origin Energy Limited (ASX:ORG) Share Register?

The big shareholder groups in Origin Energy Limited (ASX:ORG) have power over the company. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Companies of this size are usually well known to retail investors, too.

Simply Wall St -

What does Origin Energy Limited's (ASX:ORG) Balance Sheet Tell Us About Its Future?

Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Origin Energy Limited (ASX:ORG), with a market capitalization of AU$12.6b, rarely draw their attention from the investing community. … Don’t forget that this is a general and concentrated examination of Origin Energy’s financial health, so you should conduct further analysis. … See our latest analysis for Origin Energy

Simply Wall St -

Origin Energy Limited (ASX:ORG): Time For A Financial Health Check

There are a number of reasons that attract investors towards large-cap companies such as Origin Energy Limited (ASX:ORG), with a market cap of AU$17.22b. … This article will examine Origin Energy’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … View our latest analysis for Origin Energy

Simply Wall St -

Who Owns Origin Energy Limited (ASX:ORG)?

In this analysis, my focus will be on developing a perspective on Origin Energy Limited’s (ASX:ORG) latest ownership structure, a less discussed, but important factor. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices.

Simply Wall St -

Origin Energy Limited's (ASX:ORG) Path To Profitability

Origin Energy Limited's (ASX:ORG):. … Origin Energy Limited, an integrated energy company, engages in energy retailing, power generation, and natural gas production businesses in Australia, New Zealand, and internationally. … See our latest analysis for Origin Energy

Simply Wall St -

ORG Company Info

Description

Origin Energy Limited, an integrated energy company, engages in energy retailing, power generation, and natural gas production businesses in Australia, New Zealand, and internationally. The company operates through Energy Markets and Integrated Gas segments. Its exploration and production portfolio includes the Bowen and Surat basins in Central Australia; the Browse basin in Western Australia; and the Beetaloo Basin in the Northern Territory. The company also generates electricity from coal, wind, pumped water storage, solar, and cogeneration plants; sells electricity, natural gas, and LPG; provides GreenPower and green gas products; and supplies LPG to homes and businesses. In addition, it offers electric and gas hot water systems, as well as hot water systems repair and replacement services; split system air conditioners; ducted heating solutions; and ducted evaporative cooling systems. The company serves approximately 4.2 million gas, electricity, and LPG customers; and has a power generation portfolio of approximately 7,000 MW. Origin Energy Limited was founded in 2000 and is based in Barangaroo, Australia.

Details
Name: Origin Energy Limited
ORG
Exchange: ASX
Founded: 2000
A$12,888,092,285
1,760,668,345
Website: http://www.originenergy.com.au
Address: Origin Energy Limited
Tower 1,
Level 32,
Barangaroo,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX ORG Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1980
OTCPK OGFG.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1980
DB ORL Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1980
CHIA ORG Ordinary Shares Chi-X Australia AU AUD 02. Jan 1980
OTCPK OGFG.Y UNSPONSORED ADR Pink Sheets LLC US USD 08. Dec 2008
Number of employees
Current staff
Staff numbers
0
Origin Energy employees.
Industry
Integrated Oil and Gas
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 10:31
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/20
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.