Added to YB: 2024-06-27
Pitch date: 2024-06-26
WDS [bullish]
Woodside Energy Group Ltd
-4.26%
current return
Author Info
Slow Turtle is an investment manager who invests in moats, special sits, commodities, deep value, and all caps. Sign up for the newsletter.
Company Info
Woodside Energy Group Ltd engages in the exploration, evaluation, development, production, marketing, and sale of hydrocarbons in the Asia Pacific, Africa, the Americas, and the Europe.
Market Cap
AUD 32.7B
Pitch Price
AUD 16.94
Price Target
24.00 (+48%)
Dividend
6.17%
EV/EBITDA
5.15
P/E
11.14
EV/Sales
3.19
Sector
Oil, Gas and Consumable Fuels
Category
growth
Woodside Energy Group Ltd - $WDS
WDS: High-quality LNG/gas producer, 70% production. 3 growth projects: Sangomar (Senegal, 15% prod), Scarborough (Aus, 20% prod by 2027), Trion (GoM, 2028). Low cash cost $15/bbl, 65-70% EBITDA margins. ESG issues, but pragmatic approach. Strong financials: 2x net debt/FCF, 9% div yield. NAV $42, trading 30%+ discount. 12-19% 10yr return potential. PT: $24.
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