Added to YB: 2025-06-25
Pitch date: 2025-06-23
STO.AX [bullish]
Santos Limited
-16.18%
current return
Author Info
Ironic Capital Research is focused on Mining, Energy, and Hydrogen. Visit their website.
Company Info
Santos Limited explores, develops, produces, transports, and markets hydrocarbons in Australia and Papua New Guinea.
Market Cap
AUD 13.5B
Pitch Price
AUD 7.44
Price Target
N/A
Dividend
5.61%
EV/EBITDA
5.76
P/E
13.16
EV/Sales
3.51
Sector
Oil, Gas and Consumable Fuels
Category
growth
Santos Limited - $STO.AX
STO.AX: Long on undervalued Santos with 5 catalysts: 1) XRG/ADNOC $8.89 takeover (likely FIRB blocked), 2) Narrabri FID, 3) Potential PNGLNG sale to XRG, 4) Pikka sale optionality, 5) 2026 FCF inflection to $1.1B from Barossa/Pikka. Currently ~10% FCF yield with PNGLNG crown jewel. Management pivoted to 60%+ FCF returns.
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