Just got this in an email...Thursday, 1 August 2024ORG - ORIGIN...

Just got this in an email...


Thursday, 1 August 2024


ORG - ORIGIN ENERGY LIMITED

Macquarie rates ORG as Outperform (1) - Macquarie emphasises the 4Q24 commentary from Origin Energy highlighting evidence of the "megatrend of electrification from gas and oil" with electricity sales better than expectations and higher profitability of electricity sales over the oil/gas equivalent energy.

The broker points to strength from APLNG and a robust 4Q24 performance for Origin Energy, despite higher coal costs and expanded provisions for Eraring,

Macquarie's earnings forecasts are adjusted, with FY24 EPS up 1.8% and FY25 EPS revised down -2.8%.

The target price is raised to $10.74 from $10.52, maintaining an Outperform rating.

Target price is $10.74 Current Price is $10.49 Difference: $0.25 If ORG meets the Macquarie target it will return approximately 2% (excluding dividends, fees and charges). Current consensus price target is $11.23, suggesting upside of 7.0%(ex-dividends)The company's fiscal year ends in June.

Forecast for FY24:

Macquarie forecasts a full year FY24 dividend of 55.00 cents and EPS of 79.50 cents . At the last closing share price the estimated dividend yield is 5.24%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.19. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 76.2, implying annual growth of 24.3%. Current consensus DPS estimate is 55.1, implying a prospective dividend yield of 5.3%. Current consensus EPS estimate suggests the PER is 13.8.

Forecast for FY25:

Macquarie forecasts a full year FY25 dividend of 60.00 cents and EPS of 90.60 cents . At the last closing share price the estimated dividend yield is 5.72%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.58. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 80.4, implying annual growth of 5.5%. Current consensus DPS estimate is 61.6, implying a prospective dividend yield of 5.9%. Current consensus EPS estimate suggests the PER is 13.0.

Market Sentiment: 0.6All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources