Obermatt

Karoon Energy

ASX:KAR · AU000000KAR6
Oil, Gas & Consumable FuelsMedium

360

39
EV / EBIT82
Price / Owner Earnings1
Owner Earnings Yield47
Dividend Yield87
Price/Sales65
EV / Gross Profit66
Price/Book79
Return on Capital75
Cash Return on Capital48
Return on Equity82
EBIT Margin69
Gross Profitability43
Cash Conversion37
Accruals10
Owner Earnings Margin48
Sales growth27
Profit Growth48
Long-Term EPS Growth4
Owner Earnings Growth77
Reinvestment23
Price momentum57
Debt load41
Refinancing48
Debt Payback8
Liquidity50
Analyst ratings32
Opinion Changes50
Price Target Upside25
Market mood67
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Karoon Energy clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryAustralia
IndustryOil, Gas & Consumable Fuels
SizeMedium
TypePublic Company
ExchangeASX
Founded2003
Employees207
ISINAU000000KAR6
Last UpdateApr 2, 2026
Themes
EnergyNatural ResourcesOil and Gas

Description

Karoon Energy Ltd (Karoon) primarily engages in the exploration, development, and production of hydrocarbons in various geographical locations, focusing on maximizing its resource potential while ensuring environmental responsibility. The company ope…

Analysis

Middle-of-the-road

Karoon Energy Ltd sits in the middle of our grid: average quality, average price, no obvious signal in either direction. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is expensive. The owner-earnings multiple stands at 226.1×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 40% a year, against analyst forecasts of -13%. The market is pricing in far more than analysts expect: heroic expectations.

Growth is moderate; the safety picture is adequate. The company scores 12/20 on our value-creation score: creating some value.

Flags to be aware of: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
75
2023202420252026

All-time high

76

Mar 2026

All-time low

26

Jan 2024

Average rank

54

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
65
58
55
52
Price/Earnings
65
100
97
83
Price/Book
79
83
57
30
Dividend Yield
87
58
77
1
Value (overall)
89
61
86
38

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →