Obermatt

Santos

ASX:STO · AU000000STO6
Oil, Gas & Consumable FuelsX-Large

360

13
EV / EBIT53
Price / Owner Earnings11
Owner Earnings Yield46
Dividend Yield85
Price/Sales18
EV / Gross Profit8
Price/Book53
Return on Capital11
Cash Return on Capital40
Return on Equity27
EBIT Margin35
Gross Profitability1
Cash Conversion69
Accruals60
Owner Earnings Margin52
Sales growth91
Profit Growth85
Long-Term EPS Growth21
Owner Earnings Growth51
Reinvestment14
Price momentum57
Debt load42
Refinancing45
Debt Payback10
Liquidity60
Analyst ratings68
Opinion Changes50
Price Target Upside27
Market mood53
Value Creation8/20creating 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

Santos 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
SizeX-Large
TypePublic Company
ExchangeASX
Founded1954
Employees4,449
Websitesantos.com
ISINAU000000STO6
Last UpdateApr 2, 2026
Themes
Carbon Capture, Utilisation & Sequestration (CCUS) or (CCS)Biomass EnergyEnergyEnergy ManagementOil and Gas

Description

Santos Limited operates as an oil and gas exploration and production company in Australia. The company holds projects throughout Australia and the Asia-Pacific region. The company engages in petroleum exploration, the production, treatment and market…

Analysis

Middle-of-the-road

Santos Limited sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is expensive. The owner-earnings multiple stands at 32.7×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is stretched. The company scores 8/20 on our value-creation score: creating some value.

Flags to be aware of: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
73
2023202420252026

All-time high

82

Jan 2023

All-time low

29

Jan 2025

Average rank

54

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
18
16
20
28
Price/Earnings
42
46
37
57
Price/Book
53
60
56
38
Dividend Yield
85
91
73
46
Value (overall)
32
55
30
24

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 →