WDS 1.48% $24.00 woodside energy group ltd

Funny you trust what Commsec says, but since you believe it, let...

  1. 1,394 Posts.
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    Funny you trust what Commsec says, but since you believe it, let me share some Commsec screenshots.

    Commsec had a buy rating in November 2023 when the price was around $34. Any foolish investor who blindly followed their advice would be stuck holding the stock now or would have sold it at a loss.\

    Additionally, Commsec's P/E ratio, based on the available financial results (end of December 2023), is 27.46, significantly higher than the industry average. This is far from the 15 or 20 you're trying to convince people of. Always verify data independently, as inaccuracies are common on many websites.

    Woodside and other oil and gas companies are high-risk investments and should be trading at or below a P/E of 15 to be considered reasonably valued. Exxon currently trades at 15.

    To further illustrate my point, and since you trust Commsec, here are screenshots showing Commsec's EPS and DPS forecasts from 2024 to 2026. If you use these projections, your entire analysis is fundamentally flawed. Your P/E will continue to rise if you rely on Commsec's forward-looking earnings estimates.

    It's naive to consider revenue without analyzing EPS. Woodside had 877 million outstanding shares in 2017 with EPS of $1.59, but in December 2023, the outstanding shares increased to 1.9 billion (more than double), while EPS actually declined. If you look at Commsec's EPS forecast, you'll see how poor the P/E and dividend will be in the future, if analyst forecasts hold any value at all.

    Personally, I don't trust what analysts say, but since you do, I thought I'd share this information.



    https://hotcopper.com.au/data/attachments/6358/6358476-6d0d4ae985ff739f4b2277205d645022.jpg



    https://hotcopper.com.au/data/attachments/6358/6358456-138545911179f2726625e9d14bf06e65.jpg


    https://hotcopper.com.au/data/attachments/6358/6358455-adc7b83d061bab8901d9470c14db18b9.jpg


    https://hotcopper.com.au/data/attachments/6358/6358450-bfa9ee752f85e789ebfbbfc4c36554a5.jpg

 
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Last
$24.00
Change
0.350(1.48%)
Mkt cap ! $45.56B
Open High Low Value Volume
$23.74 $24.03 $23.71 $125.4M 5.243M

Buyers (Bids)

No. Vol. Price($)
2 477 $23.99
 

Sellers (Offers)

Price($) Vol. No.
$24.02 1177 1
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