Strike Energy Limited

ASX:STX Stock Report

Market Cap: AU$377.9m

Strike Energy Future Growth

Future criteria checks 2/6

Strike Energy is forecast to grow earnings and revenue by 97.4% and 18.3% per annum respectively. EPS is expected to grow by 100.7% per annum. Return on equity is forecast to be 20.8% in 3 years.

Key information

97.4%

Earnings growth rate

100.66%

EPS growth rate

Oil and Gas earnings growth11.8%
Revenue growth rate18.3%
Future return on equity20.75%
Analyst coverage

Low

Last updated08 Jun 2026

Recent future growth updates

Recent updates

Narrative Update Jun 02

STX: Index Changes And Profit Assumptions Will Support Future Share Repricing

Analysts have adjusted their A$ price target for Strike Energy, reflecting updated assumptions around discount rates, revenue growth and profit margins. These changes flow through to a much higher future P/E estimate.
Narrative Update May 08

STX: Future Index Changes Will Balance Governance Tensions With Steady Long Term Metrics

Analysts have adjusted their view on Strike Energy's valuation, with a revised A$ price target that reflects updated assumptions for revenue growth, profit margins, a lower future P/E multiple, and a slightly higher discount rate. What's in the News Strike Energy Limited (ASX:STX) added to the S&P/ASX Emerging Companies Index, putting the stock on the radar of investors who track smaller growth-focused indices (Key Developments).
Narrative Update Apr 23

STX: Index Removal And Higher Margins Will Support Future Share Repricing

Analysts have raised their A$ price target for Strike Energy by A$0.20, reflecting slightly higher assumptions for revenue growth and profit margins, as well as a modestly lower future P/E multiple in their updated models. What's in the News Strike Energy Limited (ASX:STX) has been added to the S&P/ASX Emerging Companies Index, increasing its visibility among smaller growth focused names (Key Developments).
Narrative Update Apr 08

STX: Index Removal And Higher Margins Will Support Share Repricing

Analysts have lifted their price target on Strike Energy to A$X.XX from A$Y.YY, citing updated forecasts that point to revenue growth of about 33%, a profit margin nearer 55%, and a slightly lower future P/E of around 9.4x. What's in the News Strike Energy Limited (ASX:STX) was added to the S&P/ASX Emerging Companies Index, which increases its visibility among smaller growth-focused names (Key Developments).
Narrative Update Mar 25

STX: Index Changes And Richer Margins Will Support Share Repricing

Analysts have adjusted their A$ price target on Strike Energy, keeping fair value and discount rate steady while updating assumptions for revenue growth, profit margins and future P/E. This reflects revised expectations for how the business mix and earnings profile could play out over time.
Narrative Update Mar 10

STX: Stronger Margin Outlook Will Support Future Upside Potential

The analyst price target for Strike Energy has shifted slightly from A$0.15 to A$0.15. This fine tuning is linked to updated assumptions for higher projected revenue growth, a stronger profit margin profile, and a lower future P/E multiple, offset by a higher discount rate in the valuation model, according to analysts.
Narrative Update Feb 24

STX: Future Outlook Will Balance Governance Tensions With Steady Long Term Metrics

Analysts have trimmed Strike Energy's fair value estimate from A$0.11 to A$0.10, reflecting updated expectations for a higher discount rate, a shift to 15.66% revenue growth, a slightly lower 12.99% profit margin, and a reduced future P/E of about 30x. Valuation Changes Fair Value: trimmed from A$0.11 to A$0.10 per share.
Narrative Update Feb 09

STX: Governance Tensions Will Support Repricing Opportunity In Shares

Narrative Update on Strike Energy Analysts have revised their fair value estimate for Strike Energy from A$0.21 to A$0.20. This change reflects updated views that combine higher assumed revenue growth of 57.93% with a reduced forecast profit margin of 28.92%, a slightly higher discount rate of 6.854%, and an updated future P/E of 12.99x.
Narrative Update Jan 25

STX: Higher Revenue Outlook And Margin Assumptions Will Support Upside Potential

Analysts have trimmed their price target for Strike Energy to A$0.15 from A$0.15, citing updated assumptions that combine higher modeled revenue growth and profit margins with a lower implied P/E multiple. Valuation Changes Fair Value: The model estimate is slightly lower at A$0.1483 compared with the prior A$0.1517.
Narrative Update Jan 10

STX: Governance Tensions Will Support Repricing Opportunity In Shares

Analysts have trimmed their price target for Strike Energy from A$0.22 to A$0.21, citing updated assumptions around revenue growth, profit margins, and a lower future P/E multiple as key drivers of the change. What's in the News Strike Energy issued a notice of annual general meeting of shareholders dated October 13, 2025, setting the meeting for November 13, 2025 (Key Developments).
Narrative Update Dec 26

STX: Future Outlook Will Weigh Governance Tensions Against Steady Long Term Metrics

Analysts have reaffirmed their price target for Strike Energy at 0.11, citing only marginal improvements in long term revenue growth assumptions, profit margin forecasts and future valuation multiples that were not sufficient to justify a revision. What's in the News Strike Energy issued a notice of annual general meeting, setting November 13, 2025 as the date for shareholders to vote on board composition and other resolutions (company announcement).
Narrative Update Dec 12

STX: Future Outlook Will Reflect Lower Revenue And Equity Raise Dynamics

Analysts have reduced their price target on Strike Energy from A$0.15 to A$0.11, reflecting a more cautious view on revenue growth and profitability. This now implies a higher future earnings multiple to justify the stock's valuation.
Analysis Article Nov 26

Little Excitement Around Strike Energy Limited's (ASX:STX) Revenues

Strike Energy Limited's ( ASX:STX ) price-to-sales (or "P/S") ratio of 4.9x might make it look like a buy right now...
Analysis Article Oct 30

Estimating The Fair Value Of Strike Energy Limited (ASX:STX)

Key Insights Using the Dividend Discount Model, Strike Energy fair value estimate is AU$0.11 With AU$0.10 share price...
Narrative Update Oct 25

Profit Margins and Market Moves Will Reshape Western Australia Gas Outlook

Analysts have revised their price target for Strike Energy, maintaining the estimated fair value at $0.15 per share. They cite stronger revenue growth projections but caution that slimmer profit margins and an elevated future price-to-earnings ratio temper the overall outlook.
Narrative Update Oct 11

Tightening WA Gas Markets Will Drive Energy Transformation

Strike Energy's analyst price target was lowered from A$0.17 to A$0.15 per share. Analysts cited disappointing cost increases, weaker growth projections, and concerns about potential reserve downgrades as key factors for the revision.
Narrative Update Sep 27

Tightening WA Gas Markets Will Drive Energy Transformation

Analysts have revised Strike Energy’s price target downward to A$0.169, citing concerns over cost increases, a discounted stake sale indicating weak confidence, and potential reserve downgrades, leading to a reassessment of project risks and reduced near-term upside. Analyst Commentary Goldman Sachs cites concerns over Strike Energy's recent cost increases, which are considered disappointing.
Narrative Update Sep 04

Tightening WA Gas Markets Will Drive Energy Transformation

The consensus Analyst Price Target for Strike Energy has been reduced to A$0.184, primarily due to weakened market confidence from Carnarvon’s discounted stake acquisition, rising project costs, and concerns over a potential Walyering reserve downgrade. Analyst Commentary Recent stake acquisition by Carnarvon occurred at a 25% discount, indicating reduced market confidence in Strike Energy’s valuation.
Analysis Article Jul 31

Risks Still Elevated At These Prices As Strike Energy Limited (ASX:STX) Shares Dive 26%

Unfortunately for some shareholders, the Strike Energy Limited ( ASX:STX ) share price has dived 26% in the last thirty...
Analysis Article May 07

Optimistic Investors Push Strike Energy Limited (ASX:STX) Shares Up 32% But Growth Is Lacking

Those holding Strike Energy Limited ( ASX:STX ) shares would be relieved that the share price has rebounded 32% in the...
Analysis Article Apr 02

Here's Why Strike Energy (ASX:STX) Can Afford Some Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
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New Narrative Feb 02

Upcoming South Erregulla Gas Station Will Capture Market Share By 2026

Strategic initiatives in project portfolio monetization and South Erregulla positioning enhance potential revenue and operational efficiencies.
Analysis Article Sep 30

Strike Energy (ASX:STX) Has A Somewhat Strained Balance Sheet

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Mar 29

Is Strike Energy (ASX:STX) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Dec 05

Is Strike Energy (ASX:STX) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Aug 18

Strike Energy Limited's (ASX:STX) Intrinsic Value Is Potentially 37% Above Its Share Price

Key Insights Strike Energy's estimated fair value is AU$0.55 based on 2 Stage Free Cash Flow to Equity Current share...
Analysis Article Apr 21

Strike Energy Limited (ASX:STX) Shares Could Be 28% Above Their Intrinsic Value Estimate

Key Insights The projected fair value for Strike Energy is AU$0.36 based on 2 Stage Free Cash Flow to Equity Current...
Analysis Article Jan 06

A Look At The Intrinsic Value Of Strike Energy Limited (ASX:STX)

Key Insights Strike Energy's estimated fair value is AU$0.3 based on 2 Stage Free Cash Flow to Equity Current share...

Earnings and Revenue Growth Forecasts

ASX:STX - Analysts future estimates and past financials data (AUD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
6/30/20281170-23365
6/30/2027107-21-38305
6/30/202662-27-17302
12/31/202573-154-10127N/A
9/30/202573-156-7335N/A
6/30/202573-157-4443N/A
3/31/202573-88-4943N/A
12/31/202473-18-5344N/A
9/30/202459-5-6533N/A
6/30/2024469-7722N/A
3/31/2024275-825N/A
12/31/202382-86-12N/A
9/30/20234-8-83-12N/A
6/30/2023N/A-18-80-12N/A
3/31/2023N/A-18-84-10N/A
12/31/2022N/A-18-89-8N/A
9/30/2022N/A-17-76-8N/A
6/30/2022N/A-16-63-9N/A
3/31/2022N/A-16-52-9N/A
12/31/2021N/A-16-41-9N/A
9/30/2021N/A-5-35-3N/A
6/30/2021N/A7-293N/A
3/31/2021N/A-36-204N/A
12/31/2020N/A-79-125N/A
9/30/2020N/A-88-161N/A
6/30/2020N/A-97-20-3N/A
3/31/2020N/A-51-22-3N/A
12/31/2019N/A-5-25-2N/A
9/30/2019N/A-4N/A-2N/A
6/30/2019N/A-3N/A-2N/A
3/31/2019N/A-2N/A-2N/A
12/31/2018N/A-1N/A-1N/A
9/30/2018N/A0N/A1N/A
6/30/2018N/A2N/A2N/A
12/31/2017N/A2N/A2N/A
9/30/2017N/A3N/A3N/A
6/30/2017N/A4N/A3N/A
12/31/2016-15N/A3N/A
9/30/201605N/A4N/A
6/30/2016N/A5N/A5N/A
3/31/201623N/A9N/A
12/31/201522N/A14N/A
9/30/20152-4N/A14N/A
6/30/20153-10N/A13N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: STX is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: STX is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: STX is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: STX's revenue (18.3% per year) is forecast to grow faster than the Australian market (6.2% per year).

High Growth Revenue: STX's revenue (18.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: STX's Return on Equity is forecast to be high in 3 years time (20.8%)


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 09:05
End of Day Share Price 2026/06/10 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Strike Energy Limited is covered by 8 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dale KoendersBarrenjoey Markets Pty Limited
Josh KannourakisBarrenjoey Markets Pty Limited
Stuart HoweBell Potter