Hi Gateside. re post#127, it is possible to add charts like these to the header of this thread. Bear with me, I just need to figure a way to DM you the HTML. |
 From the ever optimistic MorningStar:
The bottom line: Our AUD 41.50 fair value estimate for no-moat Woodside stands. The market appeared satisfied with the result, with shares higher on the day. At AUD 23.60, we think the market is overly bearish. Progress at growth projects is as expected and supports our fair value. Our 2025 earnings per share and dividends per share forecasts are USD 1.69 and USD 1.35, respectively. At the current share price, the 2025 dividend equates to an impressive 9.0% fully franked yield assuming an 80% payout. Woodside declared a USD 0.53 final dividend for 2024, down USD 0.07 on the prior corresponding half.
Long view: We remain optimistic on the outlook for natural gas during the energy transition. Woodside retains a high-quality asset base geographically advantaged to meet growing LNG demand. We expect Scarborough to increase group production by around 16% to 230 mmboe by 2027.
Previous close Market cap
$24.030 $45,627 Million
52 week high/low
$31.010 - $22.970
Sector
Energy
Intrinsic valuation
Moat rating None
Business risk Medium
Pricing risk --
Company beta 1.23
Sector beta 1.32
Year 12/23A 12/24A 12/25E 12/26E
NPAT ($m) 3,320.0 2,880.0 3,201.8 3,208.5
EPS (c) 174.8 151.7 168.6 169.0
% change -49.3 -13.2 11.2 0.2
DPS (c) 143.8 120.2 134.9 135.2
Franking (%) 100.0 100.0 100.0 100.0
Yield (%) 6.8 7.9 8.8 8.8
PER (x) 12.1 10.0 9.0 9.0
Source: Aspect Huntley analyst estimates. |
adeg,Gateside Ditto |
Agreed, I calculate a yield of 8.1% as well.That combined with the current depressed share price, which should rebound, I will keep holding. |
I'm calculating that a USD 1.22 dividend is circa 8.1% on the current shareprice of AUD 24.
Not selling when that yield is on offer and as the new facilities come on stream ove rteh next few years hopefully cashflow, dividend and shareprice will all continue to grow. |
Woodside Energy Group Ltd on Monday posted a stronger annual profit as record production and lower impairments offset weaker prices.
The Perth, Australia-based energy exploration, development, and production company said profit doubled to USD3.57 billion in 2024 from USD1.66 billion a year prior. Diluted earnings per share was 186.9 US cents, up from 86.9c.
However, underlying net profit after tax was lower at USD2.88 billion, down 13% from USD3.32 billion.
Woodside cut its final dividend by 12% to USD0.53 per share from USD0.60. The total dividend for 2024 therefore declined 13% to USD1.22 from USD1.40.
The company incurred no impairment losses compared with USD1.92 billion previously.
Revenue declined 5.8% to USD13.18 billion from USD13.99 billion as the cost of sales fell 0.2% to USD7.50 billion from USD7.52 billion.
Free cash flow dropped 82% to USD100 million from USD560 million.
Chief Executive Officer Meg O'Neill said: "In 2024, the record annual production was at the top end of the full-year guidance range, underpinned by consistently strong 98% reliability at our operated [liquefied natural gas] facilities.
"Excellent progress was made on Woodside's major growth projects, with the Scarborough Energy Project now 80% complete and on track for first LNG cargo in 2026...During the year Woodside signed three agreements for the long-term sale of LNG to customers in Japan, Korea and Taiwan."
Total production rose 3.6% to 193.9 from 187.2 million barrels of oil equivalent per day.
Gas production declined 3.3% to 124.1 from 128.3 MMboe, making up 64% of total output in 2024.
Meanwhile, Liquids production rose 19% to 69.8 from 58.9 MMboe, contributing 36% of total production.
Average realised prices fell 7.3% to USD63.6 from USD68.6 per barrel of oil equivalent.
CEO O'Neill added: "Woodside begins 2025 with a strong balance sheet, a resilient and high-performing base business and an attractive portfolio of projects which position us to deliver value-accretive growth and shareholder returns."
Looking ahead Woodside is forecasting full-year 2025 production within the range of 186 to 196 MMboe.
The company said this will comprise 40% LNG; 20% pipeline gas; 35% crude and condensate; and 5% natural gas liquids.
WDS up 3% in Oz on these results. |
I have cleared the UK charts and added a link to the WDS ASX share price in the header. |
WDS ASX share price etc., here: |
Bought some for the divi a few days ago and I'm already down A$1.50 a share and, according to Citi, I may shortly be down even more.
Citi is negative with a sell rating !
We expect potential consensus downgrades from financial line item guidance that affects dividend expectations.
The higher restoration costs will see free-cash-flow downgrades, and the potential earlier Sangomar decline would also be a cash drag. This will raise questions about the sustainability of the payout ratio.
We think the incremental buyer in the stock in the past ~15 months has been retail, so to the extent dividends disappoint, there may be pronounced selling pressure.
Fundamentally, we think the company risks cannibalising the portfolio from its payout ratio.
-----
Don't buy shares in a downtrend they say, and don't chase dividends they say.
Fify five years I've been investing and I'm still tempted into these traps. |
Woodside’s 2024 Annual Report, 2024 Climate Update and associated investor briefing will be released to the market on Tuesday, 25 February 2025. |
Woodside’s 2024 Annual Report, 2024 Climate Update and associated investor briefing will be released to the market on Tuesday, 25 February 2025. |
Thanks. Why not put a link to that in the aussie stock forum as well pd...
Goldman and citi both negative at the moment. MorningStar, as ever, hugely positive. |
Hi all. I have written a blog on Woodside - which I am a shareholder in - that may be of interest to you. Feedback very welcome and - as always - please DYOR. The blog can be found here: https://tbifund.wordpress.com/2025/01/26/woodside-energy-wds-au-all-fired-up/ |
Trump is for producing as much oil and gas as possible = lower oil prices = lower profits for Woodside therefore a lower share price. |
Surprised to not see more upside for trump election. Woodside has a lot of Nat gas reserves in USA. |
GARYCOOK, Not very nice, calling me a plonker!! I was mainly referring to the 100 index : i'm happy to hold onto my WDS shares because they pay a good dividend: and BHP. |
tenerife, You plonker BHP are not listed on the FTSE 100, but the FTSE Secondary Listing the same as WDS. Do your homework. BHP are listed on the LSE !!! |
I use a dividend website and BHP has not appeared on the 100 index for a few months : i'll say again it also doesn't appear on the LSE 100 index. |
tenerife - BHP are definately still listed in London. |
Look again on Nov 20th. Reproduced from RNS:
"WOODSIDE TO DELIST FROM THE LONDON STOCK EXCHANGE
Woodside has reviewed its current listing structure and decided to delist from the London Stock Exchange (LSE). Woodside shares represented by depositary interests account for approximately 1% of Woodside's issued share capital. Trading volumes of Woodside shares on the LSE are low and delisting from the LSE will reduce Woodside's administration costs.
Woodside has applied to the UK Financial Conduct Authority (FCA) and the LSE to cancel the admission of Woodside shares to listing in the International Commercial Companies Secondary Listing category of the Official List of the FCA and trading under the ticker "WDS" on the Main Market for listed securities of the LSE.
In accordance with UK Listing Rule 21.2.17, Woodside is required to give at least 20 business days' notice of the intended cancellation of the listing of its shares. It is expected that the admission of Woodside's shares to the International Commercial Companies Secondary Listing category of the Official List and to trading on the LSE's Main Market for listed securities will be cancelled with effect from 08:00 (GMT) on 20 November 2024. The last day of trading of Woodside shares on the LSE will be 19 November 2024.
Woodside's primary listing on the Australian Securities Exchange (ASX) and its American Depositary Receipts (ADR) program on the New York Stock Exchange (NYSE) will not be affected by the delisting of Woodside shares from the LSE." |
Not according to the LSE website. |
BHP are listed in London !!! |
BHP are not listed in London, but are on ii, and dividends are paid, so there's no problem. |
Thanks kiwi, very informative.
Not been an ideal investment up to now as my only fossil fuel stock, can will live with the dividend. |
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