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Caltex Australia

DB:CLZ
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CLZ
DB
A$6B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Caltex Australia Limited engages in purchasing, refining, and distributing petroleum products in Australia, New Zealand, and Singapore. The last earnings update was 44 days ago. More info.


Add to Portfolio Compare Print
  • Caltex Australia has significant price volatility in the past 3 months.
CLZ Share Price and Events
7 Day Returns
4.8%
DB:CLZ
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-22.7%
DB:CLZ
34.4%
DE Oil and Gas
-14.2%
DE Market
CLZ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Caltex Australia (CLZ) 4.8% -13.2% -39.5% -22.7% -37.5% -47.2%
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • CLZ underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • CLZ underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
CLZ
Industry
5yr Volatility vs Market

Value

 Is Caltex Australia undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Caltex Australia to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Caltex Australia.

DB:CLZ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:CLZ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 30%) (30.01%))
1.118
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.118 * 5.44%)
5.69%

Discounted Cash Flow Calculation for DB:CLZ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Caltex Australia is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:CLZ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 5.69%)
2020 495.50 Analyst x2 468.81
2021 518.50 Analyst x2 464.15
2022 533.05 Est @ 2.81% 451.47
2023 542.90 Est @ 1.85% 435.05
2024 549.28 Est @ 1.18% 416.46
2025 553.16 Est @ 0.71% 396.81
2026 555.25 Est @ 0.38% 376.86
2027 556.07 Est @ 0.15% 357.08
2028 555.99 Est @ -0.01% 337.80
2029 555.29 Est @ -0.13% 319.20
Present value of next 10 years cash flows A$4,023.00
DB:CLZ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$555.29 × (1 + -0.39%) ÷ (5.69% – -0.39%)
A$9,093.35
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$9,093.35 ÷ (1 + 5.69%)10
A$5,227.26
DB:CLZ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$4,023.00 + A$5,227.26
A$9,250.26
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$9,250.26 / 249.71
A$37.04
DB:CLZ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:CLZ represents 0.55556x of ASX:CTX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.55556x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 37.04 x 0.55556
€20.58
Value per share (EUR) From above. €20.58
Current discount Discount to share price of €13.20
= -1 x (€13.20 - €20.58) / €20.58
35.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Caltex Australia is available for.
Intrinsic value
36%
Share price is €13.2 vs Future cash flow value of €20.58
Current Discount Checks
For Caltex Australia to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Caltex Australia's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Caltex Australia's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Caltex Australia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Caltex Australia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CLZ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$1.51
ASX:CTX Share Price ** ASX (2020-04-08) in AUD A$23.76
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Caltex Australia.

DB:CLZ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:CTX Share Price ÷ EPS (both in AUD)

= 23.76 ÷ 1.51

15.71x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Caltex Australia is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Caltex Australia is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Caltex Australia's expected growth come at a high price?
Raw Data
DB:CLZ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
10.2%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:CLZ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.71x ÷ 10.2%

1.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Caltex Australia is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Caltex Australia's assets?
Raw Data
DB:CLZ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$13.04
ASX:CTX Share Price * ASX (2020-04-08) in AUD A$23.76
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:CLZ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:CTX Share Price ÷ Book Value per Share (both in AUD)

= 23.76 ÷ 13.04

1.82x

* Primary Listing of Caltex Australia.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Caltex Australia is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Caltex Australia's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Caltex Australia has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Caltex Australia expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Caltex Australia expected to grow at an attractive rate?
  • Caltex Australia's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Caltex Australia's earnings growth is positive but not above the Germany market average.
  • Caltex Australia's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CLZ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CLZ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 10.2%
DB:CLZ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 2.6%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:CLZ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CLZ Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31 26,431 1
2022-12-31 23,006 879 465 8
2021-12-31 21,858 840 479 10
2020-12-31 19,764 690 320 10
2020-04-08
DB:CLZ Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 22,307 844 383
2019-09-30 22,081 786 358
2019-06-30 21,854 728 333
2019-03-31 21,793 662 447
2018-12-31 21,731 597 560
2018-09-30 20,290 649
2018-06-30 18,848 778 737
2018-03-31 17,567 757 678
2017-12-31 16,286 735 619
2017-09-30 16,697 588
2017-06-30 17,107 700 556
2017-03-31 17,520 814 583

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Caltex Australia's earnings are expected to grow by 10.2% yearly, however this is not considered high growth (20% yearly).
  • Caltex Australia's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:CLZ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Caltex Australia Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CLZ Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 2.02 2.21 1.68 4.00
2021-12-31 1.98 2.31 1.57 7.00
2020-12-31 1.29 1.89 0.77 6.00
2020-04-08
DB:CLZ Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 1.51
2019-09-30 1.40
2019-06-30 1.29
2019-03-31 1.72
2018-12-31 2.15
2018-09-30 2.49
2018-06-30 2.82
2018-03-31 2.60
2017-12-31 2.37
2017-09-30 2.25
2017-06-30 2.14
2017-03-31 2.23

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Caltex Australia is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Caltex Australia's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Caltex Australia has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Caltex Australia performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Caltex Australia's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Caltex Australia's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Caltex Australia's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Caltex Australia's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Caltex Australia's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Caltex Australia Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CLZ Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 22,307.08 382.76 1,329.47
2019-09-30 22,080.76 358.01 1,324.79
2019-06-30 21,854.44 333.26 1,320.11
2019-03-31 21,792.89 446.84 1,302.79
2018-12-31 21,731.34 560.42 1,285.47
2018-09-30 20,289.73 648.76 1,246.85
2018-06-30 18,848.12 737.10 1,208.23
2018-03-31 17,566.96 678.09 1,179.08
2017-12-31 16,285.81 619.09 1,149.93
2017-09-30 16,696.60 587.71 1,126.33
2017-06-30 17,107.39 556.33 1,102.72
2017-03-31 17,520.30 583.13 1,079.29
2016-12-31 17,933.20 609.94 1,055.87
2016-09-30 18,284.67 537.50 1,046.15
2016-06-30 18,636.13 465.05 1,036.44
2016-03-31 19,281.34 493.28 1,055.12
2015-12-31 19,926.55 521.51 1,073.81
2015-09-30 20,563.01 376.72 1,126.92
2015-06-30 21,199.48 231.94 1,180.04
2015-03-31 22,715.34 125.94 1,187.61
2014-12-31 24,231.20 19.93 1,195.19
2014-09-30 25,092.09 258.79 1,069.02
2014-06-30 25,952.98 497.65 942.84
2014-03-31 25,314.68 513.84 837.07
2013-12-31 24,676.38 530.03 731.30
2013-09-30 23,959.59 307.43 710.07
2013-06-30 23,242.80 84.84 688.84

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Caltex Australia has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Caltex Australia used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Caltex Australia's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Caltex Australia's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Caltex Australia has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Caltex Australia's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Caltex Australia's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Caltex Australia is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Caltex Australia's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Caltex Australia's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Caltex Australia Company Filings, last reported 3 months ago.

DB:CLZ Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,270.52 902.99 35.02
2019-09-30 3,270.52 902.99 35.02
2019-06-30 3,115.02 1,281.31 17.72
2019-03-31 3,115.02 1,281.31 17.72
2018-12-31 3,389.06 961.17 6.14
2018-09-30 3,389.06 961.17 6.14
2018-06-30 3,337.18 1,074.96 34.20
2018-03-31 3,337.18 1,074.96 34.20
2017-12-31 3,107.90 858.57 44.52
2017-09-30 3,107.90 858.57 44.52
2017-06-30 2,911.58 799.20 69.80
2017-03-31 2,911.58 799.20 69.80
2016-12-31 2,810.22 697.56 244.86
2016-09-30 2,810.22 697.56 244.86
2016-06-30 2,630.41 710.90 19.11
2016-03-31 2,630.41 710.90 19.11
2015-12-31 2,787.81 695.97 263.76
2015-09-30 2,787.81 695.97 263.76
2015-06-30 2,757.77 736.36 19.21
2015-03-31 2,757.77 736.36 19.21
2014-12-31 2,532.59 691.14 53.12
2014-09-30 2,532.59 691.14 53.12
2014-06-30 2,713.11 992.01 165.01
2014-03-31 2,713.11 992.01 165.01
2013-12-31 2,597.03 942.18 199.92
2013-09-30 2,597.03 942.18 199.92
2013-06-30 2,292.25 944.45 216.02
  • Caltex Australia's level of debt (27.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (27.3% vs 27.6% today).
  • Debt is well covered by operating cash flow (93.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.2x coverage).
X
Financial health checks
We assess Caltex Australia's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Caltex Australia has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Caltex Australia's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.49%
Current annual income from Caltex Australia dividends. Estimated to be 4.63% next year.
If you bought €2,000 of Caltex Australia shares you are expected to receive €70 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Caltex Australia's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • Caltex Australia's dividend is below the markets top 25% of dividend payers in Germany (4.61%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:CLZ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:CLZ Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 1.23 1.00
2023-12-31 1.22 1.00
2022-12-31 1.26 9.00
2021-12-31 1.19 12.00
2020-12-31 0.87 12.00
2020-04-08
DB:CLZ Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2020-02-24 0.830 3.305
2019-08-26 0.930 3.138
2019-02-25 1.180 4.467
2018-08-27 1.180 4.243
2018-02-26 1.220 3.859
2017-08-28 1.120 3.317
2017-02-20 1.220 3.956
2016-02-22 1.170 3.650
2015-02-23 1.000 2.956
2014-08-25 0.370 1.184
2014-02-24 0.340 1.514
2013-08-26 0.400 2.113
2013-02-26 0.400 1.960
2012-02-27 0.450 2.905
2011-08-22 0.340 2.797
2011-02-21 0.600 4.641
2010-08-23 0.600 4.638
2010-02-22 0.250 2.330
2009-08-28 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Caltex Australia's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Caltex Australia's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Caltex Australia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Caltex Australia has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Caltex Australia's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Matthew Halliday
COMPENSATION A$2,277,287
TENURE AS CEO 0.1 years
CEO Bio

Mr. Matthew Halliday is Interim Chief Executive Officer at Caltex Australia Limited since March 2, 2020. He was Chief Financial Officer at Caltex Australia Limited from April 15, 2019 to March 2, 2020. In his career at Rio Tinto, after joining from PWC, Mr Halliday held the role of CFO in several divisions, including Rio Tinto Energy, Rio Tinto Coal Australia and, most recently, in Rio Tinto Aluminium based in Montreal, Canada. He has also held senior business development roles, including Chief Development Officer, Rio Tinto Iron Ore & Energy.

CEO Compensation
  • Insufficient data for Matthew to compare compensation growth.
  • Matthew's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Caltex Australia management team in years:

0.1
Average Tenure
  • The average tenure for the Caltex Australia management team is less than 2 years, this suggests a new team.
Management Team

Matthew Halliday

TITLE
Interim Chief Executive Officer
COMPENSATION
A$2M
TENURE
0.1 yrs

Louise Warner

TITLE
Interim Chief Operating Officer
COMPENSATION
A$1M
TENURE
0.1 yrs

Joanne Taylor

TITLE
Executive General Manager of Convenience Retail
COMPENSATION
A$1M

Jeff Etherington

TITLE
Interim Chief Financial Officer
AGE
48
TENURE
0.1 yrs

Viv Da Ros

TITLE
Chief Information Officer
COMPENSATION
A$41K
TENURE
3.3 yrs

Dale Koenders

TITLE
Head of Investor Relations

Alan Stuart-Grant

TITLE
Executive General Manager of Strategy & Corporate Development
TENURE
2.4 yrs

Richard Baker

TITLE
Head of Corporate Affairs

Georgina Koch

TITLE
Company Secretary
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the Caltex Australia board of directors in years:

3.8
Average Tenure
60
Average Age
  • The tenure for the Caltex Australia board of directors is about average.
Board of Directors

Steve Gregg

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$551K
AGE
58
TENURE
2.7 yrs

Bruce William Morgan

TITLE
Independent Non-Executive Director
COMPENSATION
A$257K
TENURE
6.8 yrs

Barbara Ward

TITLE
Independent Non-Executive Director
COMPENSATION
A$256K
AGE
65
TENURE
5 yrs

Penny Winn

TITLE
Independent Non-Executive Director
COMPENSATION
A$256K
TENURE
4.4 yrs

Melinda Conrad

TITLE
Independent Non-Executive Director
COMPENSATION
A$227K
AGE
50
TENURE
3.1 yrs

Mark Chellew

TITLE
Independent Non-Executive Director
COMPENSATION
A$227K
AGE
62
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
31. Mar 20 Sell UBS Asset Management Company 27. Mar 20 27. Mar 20 -468,540 €12.35 €-5,784,298
31. Mar 20 Buy UBS Asset Management Company 27. Mar 20 27. Mar 20 1,485,648 €12.32 €18,291,897
30. Mar 20 Sell UBS Asset Management Company 26. Mar 20 26. Mar 20 -242,497 €12.44 €-3,016,828
30. Mar 20 Buy UBS Asset Management Company 26. Mar 20 26. Mar 20 254,834 €12.43 €3,158,426
29. Mar 20 Sell UBS Asset Management Company 20. Mar 20 25. Mar 20 -1,644,006 €11.28 €-18,137,225
29. Mar 20 Buy UBS Asset Management Company 20. Mar 20 25. Mar 20 1,956,073 €11.34 €21,664,373
23. Mar 20 Sell UBS Asset Management Company 26. Feb 20 19. Mar 20 -11,886,683 €7.05 €-30,975,663
23. Mar 20 Buy UBS Asset Management Company 26. Feb 20 19. Mar 20 5,152,746 €6.31 €31,714,746
01. Aug 19 Buy State Street Global Advisors, Inc. Company 02. Apr 19 30. Jul 19 1,712,639 €17.14 €16,693
28. Jul 19 Sell Magellan Asset Management Limited Company 20. Jun 19 20. Jun 19 -770,557 €13.63 €-10,499,619
28. Jul 19 Buy Magellan Asset Management Limited Company 03. Jun 19 20. Jun 19 256,707 €16.30 €3,847,126
27. Jun 19 Buy Julian Segal Individual 26. Jun 19 26. Jun 19 4,150 €14.73 €61,109
26. Jun 19 Sell State Street Global Advisors, Inc. Company 24. Jun 19 24. Jun 19 -20,033 €14.46 €-289,699
26. Jun 19 Buy State Street Global Advisors, Inc. Company 24. Jun 19 24. Jun 19 2,593 €14.74 €38,211
25. Jun 19 Buy State Street Global Advisors, Inc. Company 19. Mar 19 21. Jun 19 1,245,490 €17.00 €21,075,100
29. May 19 Buy Magellan Asset Management Limited Company 14. Feb 19 27. May 19 3,907,029 €16.78 €65,549,871
01. May 19 Sell AustralianSuper Pty. Ltd. Company 25. Mar 19 26. Apr 19 -1,737,209 €17.65 €-30,665,392
01. May 19 Buy AustralianSuper Pty. Ltd. Company 22. Mar 19 26. Apr 19 3,961,690 €17.47 €69,206,824
X
Management checks
We assess Caltex Australia's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Caltex Australia has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Caltex Australia Limited engages in purchasing, refining, and distributing petroleum products in Australia, New Zealand, and Singapore. The company operates through Convenience Retail, and Fuels & Infrastructure segments. The Convenience Retail segment sells fuels through a Caltex network of stores. The Fuels and Infrastructure segment wholesales fuels and lubricants. It distributes its products through a network of depots, diesel stops, marine facilities, and service station sites. Caltex Australia Limited was founded in 1900 and is headquartered in Sydney, Australia.

Details
Name: Caltex Australia Limited
CLZ
Exchange: DB
Founded: 1900
A$3,399,178,170
249,706,947
Website: http://www.caltex.com.au
Address: Caltex Australia Limited
2 Market Street,
Level 24,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX CTX Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
OTCPK CTXA.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB CLZ Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
BRSE CLZ Ordinary Shares Berne Stock Exchange CH CHF 02. Jan 1992
CHIA CTX Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
ASX CAU NPV Australian Securities Exchange AU AUD 15. Oct 2019
Number of employees
Current staff
Staff numbers
7,600
Caltex Australia employees.
Industry
Oil and Gas Refining and Marketing
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 21:19
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/02/24
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.