1. Guidance for FY25 implying a fall in EBITDA next year of between 2% and 15% due to lower electricity prices which seems reasonable given fall in prices 2. FY26 electricity prices higher than FY25 so good sign for future earnings 3. Seems like good progress on building new generation 4. Dividend to start to be partially franked again from FY25 is positive 5. Long term trend for more electricity demand 6. Net debt very low at less than 1x ND/EBITDA
what is not to like 1. Sustaining capex keeps on getting bigger despite things like Liddell closure 2. D&A still increasing materially and making NPAT lower and potential dividend payout lower
AGL Price at posting:
$10.81 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)