Beach Energy Limited

CHIA:BPT Stock Report

Market Cap: AU$2.9b

Beach Energy Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

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$1.28) is trading below our estimate of fair value (A$6.28)

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

Key Valuation Metric

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

Key metric: As BPT is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for BPT. This is calculated by dividing BPT's market cap by their current revenue.
What is BPT's PS Ratio?
PS Ratio1.6x
SalesAU$1.80b
Market CapAU$2.92b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for BPT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.8x
AEL Amplitude Energy
2.1x13.0%AU$448.8m
STO Santos
2.5x8.0%AU$22.1b
KAR Karoon Energy
0.9x-6.6%AU$1.1b
HZN Horizon Oil
1.8x4.8%AU$301.0m
BPT Beach Energy
1.6x4.3%AU$2.9b

Price-To-Sales vs Peers: BPT is good value based on its Price-To-Sales Ratio (1.6x) compared to the peer average (1.8x).

Price to Sales Ratio vs Industry

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

37 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.4.8x6.7%
BPT Beach Energy
 1.6x4.3%US$1.88b
WDS Woodside Energy Group
2.4x1.5%US$29.54b
STO Santos
2.5x8.0%US$14.26b
BPT 1.6xIndustry Avg. 4.8xNo. of Companies36PS020406080100+
37 CompaniesEstimated GrowthMarket Cap
Industry Avg.4.8x7.0%
BPT Beach Energy
 1.6x45.6%US$1.88b
No more companies

Price-To-Sales vs Industry: BPT is good value based on its Price-To-Sales Ratio (1.6x) compared to the Australian Oil and Gas industry average (4.8x).

Price to Sales Ratio vs Fair Ratio

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

BPT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.6x
Fair PS Ratio2x

Price-To-Sales vs Fair Ratio: BPT is good value based on its Price-To-Sales Ratio (1.6x) compared to the estimated Fair Price-To-Sales Ratio (2x).

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$1.28
AU$1.53
+19.8%
20.5%AU$2.40AU$1.10n/a15
Nov ’25AU$1.26
AU$1.53
+21.2%
20.5%AU$2.40AU$1.10n/a15
Oct ’25AU$1.19
AU$1.51
+26.8%
21.0%AU$2.40AU$1.10n/a16
Sep ’25AU$1.26
AU$1.58
+26.0%
24.9%AU$2.58AU$1.10n/a17
Aug ’25AU$1.52
AU$1.78
+16.8%
19.5%AU$2.58AU$1.30n/a17
Jul ’25AU$1.48
AU$1.78
+20.7%
18.8%AU$2.58AU$1.40n/a17
Jun ’25AU$1.67
AU$1.90
+13.5%
14.0%AU$2.58AU$1.56n/a17
May ’25AU$1.56
AU$1.90
+21.9%
14.0%AU$2.58AU$1.56n/a17
Apr ’25AU$1.84
AU$1.98
+8.1%
12.1%AU$2.58AU$1.65n/a17
Mar ’25AU$1.64
AU$1.92
+17.5%
13.5%AU$2.58AU$1.65n/a17
Feb ’25AU$1.67
AU$1.80
+8.0%
13.7%AU$2.50AU$1.55n/a16
Jan ’25AU$1.60
AU$1.79
+11.8%
14.6%AU$2.50AU$1.50n/a17
Dec ’24AU$1.48
AU$1.79
+20.7%
14.8%AU$2.50AU$1.50n/a17
Nov ’24AU$1.55
AU$1.79
+15.8%
14.8%AU$2.50AU$1.50AU$1.2617
Oct ’24AU$1.64
AU$1.79
+8.9%
13.4%AU$2.50AU$1.50AU$1.1917
Sep ’24AU$1.59
AU$1.82
+15.1%
15.5%AU$2.52AU$1.50AU$1.2619
Aug ’24AU$1.65
AU$1.88
+13.7%
19.6%AU$3.10AU$1.50AU$1.5219
Jul ’24AU$1.36
AU$1.83
+34.3%
20.2%AU$3.00AU$1.35AU$1.4819
Jun ’24AU$1.40
AU$1.82
+30.2%
20.6%AU$3.00AU$1.35AU$1.6718
May ’24AU$1.49
AU$1.86
+24.9%
19.6%AU$3.00AU$1.48AU$1.5618
Apr ’24AU$1.41
AU$1.89
+33.8%
19.3%AU$3.00AU$1.48AU$1.8418
Mar ’24AU$1.44
AU$1.90
+32.3%
19.1%AU$3.00AU$1.50AU$1.6418
Feb ’24AU$1.49
AU$2.00
+34.6%
20.8%AU$3.08AU$1.45AU$1.6718
Jan ’24AU$1.60
AU$2.09
+30.6%
18.0%AU$3.08AU$1.54AU$1.6018
Dec ’23AU$1.84
AU$2.12
+15.2%
18.1%AU$3.08AU$1.54AU$1.4816
Nov ’23AU$1.63
AU$2.04
+25.1%
19.9%AU$3.08AU$1.50AU$1.5517

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

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