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Origin Energy

DB:ORL
Snowflake Description

Average dividend payer and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ORL
DB
A$8B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Origin Energy Limited, an integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
  • Origin Energy has significant price volatility in the past 3 months.
ORL Share Price and Events
7 Day Returns
11.9%
DB:ORL
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-45.7%
DB:ORL
21.9%
DE Oil and Gas
-17.7%
DE Market
ORL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Origin Energy (ORL) 11.9% -40.5% -54.4% -45.7% -50.8% -70.6%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • ORL underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • ORL underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
ORL
Industry
5yr Volatility vs Market

ORL Value

 Is Origin Energy 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 Origin Energy 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 Origin Energy.

DB:ORL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.2%
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:ORL
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 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 30%) (88.51%))
1.207
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.207 * 5.44%)
6.17%

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

The calculations below outline how an intrinsic value for Origin Energy 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:ORL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 6.17%)
2020 854.72 Analyst x4 805.01
2021 617.30 Analyst x2 547.59
2022 652.60 Analyst x1 545.23
2023 593.38 Est @ -9.07% 466.92
2024 555.00 Est @ -6.47% 411.32
2025 529.22 Est @ -4.64% 369.41
2026 511.39 Est @ -3.37% 336.20
2027 498.74 Est @ -2.47% 308.81
2028 489.51 Est @ -1.85% 285.47
2029 482.60 Est @ -1.41% 265.07
Present value of next 10 years cash flows A$4,341.00
DB:ORL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$482.60 × (1 + -0.39%) ÷ (6.17% – -0.39%)
A$7,322.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$7,322.52 ÷ (1 + 6.17%)10
A$4,021.98
DB:ORL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$4,341.00 + A$4,021.98
A$8,362.98
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$8,362.98 / 1,761.13
A$4.75
DB:ORL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ORL represents 0.55079x of ASX:ORG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.55079x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 4.75 x 0.55079
€2.62
Value per share (EUR) From above. €2.62
Current discount Discount to share price of €2.44
= -1 x (€2.44 - €2.62) / €2.62
6.7%

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

Current Discount
Amount off the current price Origin Energy is available for.
Intrinsic value
7%
Share price is €2.44 vs Future cash flow value of €2.62
Current Discount Checks
For Origin Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Origin Energy's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Origin Energy'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 Origin Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Origin Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ORL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$0.58
ASX:ORG Share Price ** ASX (2020-03-30) in AUD A$4.43
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

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

** Primary Listing of Origin Energy.

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

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

= 4.43 ÷ 0.58

7.69x

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

  • Origin Energy is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Origin Energy is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Origin Energy's expected growth come at a high price?
Raw Data
DB:ORL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
-1.2%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.69x ÷ -1.2%

-6.43x

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

  • Origin Energy earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Origin Energy's assets?
Raw Data
DB:ORL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$7.79
ASX:ORG Share Price * ASX (2020-03-30) in AUD A$4.43
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:ORL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 4.43 ÷ 7.79

0.57x

* Primary Listing of Origin Energy.

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

  • Origin Energy is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Origin Energy'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. Origin Energy 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.

ORL Future Performance

 How is Origin Energy expected to perform in the next 1 to 3 years based on estimates from 11 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
-1.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Origin Energy expected to grow at an attractive rate?
  • Origin Energy's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Origin Energy's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Origin Energy's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ORL Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ORL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts -1.2%
DB:ORL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 0.3%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:ORL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ORL Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-06-30 14,237 1,483 1,203 1
2023-06-30 13,908 1,317 1,067 1
2022-06-30 13,435 1,112 726 7
2021-06-30 13,401 1,066 539 11
2020-06-30 13,569 987 1,069 10
2020-03-30
DB:ORL Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 13,824 1,123 1,014
2019-09-30 14,289 1,224 1,113
2019-06-30 14,753 1,325 1,211
2019-03-31 14,890 1,234 1,212
2018-12-31 15,027 1,142 1,212
2018-09-30 14,824 1,133 746
2018-06-30 14,620 1,123 280
2017-12-31 14,832 1,328 -810
2017-09-30 14,239 1,309 -1,431
2017-06-30 13,646 1,289 -2,052

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Origin Energy's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Origin Energy's revenue is expected to grow by 0.3% 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:ORL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Origin Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ORL Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-06-30
2023-06-30
2022-06-30 0.41 0.47 0.35 4.00
2021-06-30 0.36 0.43 0.28 6.00
2020-06-30 0.62 0.66 0.53 4.00
2020-03-30
DB:ORL Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 0.58
2019-09-30 0.63
2019-06-30 0.69
2019-03-31 0.69
2018-12-31 0.69
2018-09-30 0.42
2018-06-30 0.16
2017-12-31 -0.46
2017-09-30 -0.82
2017-06-30 -1.17

*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.
  • Origin Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Origin Energy'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.
Origin Energy has a total score of 0/6, 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.

ORL Past Performance

  How has Origin Energy 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 Origin Energy'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.
  • Origin Energy has delivered over 20% year on year earnings growth in the past 5 years.
  • Origin Energy's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Origin Energy's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Origin Energy'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 Origin Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ORL 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 13,824.00 1,014.00 746.00
2019-09-30 14,288.50 1,112.50 747.00
2019-06-30 14,753.00 1,211.00 748.00
2019-03-31 14,890.00 1,211.50 740.00
2018-12-31 15,027.00 1,212.00 732.00
2018-09-30 14,823.50 746.00 734.00
2018-06-30 14,620.00 280.00 736.00
2017-12-31 14,832.00 -810.00 379.00
2017-09-30 14,239.00 -1,431.00 189.50
2017-06-30 13,646.00 -2,052.00
2016-12-31 11,912.00 -1,482.00 53.00
2016-09-30 11,684.00 -895.50 53.00
2016-06-30 11,456.00 -309.00 53.00
2015-12-31 11,505.00 -651.00 16.00
2015-09-30 11,699.00 -584.00 22.50
2015-06-30 11,893.00 -517.00 29.00
2014-12-31 11,142.00 -74.00 74.00
2014-09-30 11,752.50 122.50 64.00
2014-06-30 12,363.00 319.00 54.00
2014-03-31 14,526.50 353.00 31.50
2013-12-31 14,535.00 176.00 9.00
2013-09-30 14,641.00 277.00 13.50
2013-06-30 14,747.00 378.00 18.00
2013-03-31 14,316.50 544.00 370.50

*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.
  • Origin Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Origin Energy used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Origin Energy's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Origin Energy'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.
Origin Energy has a total score of 1/6, 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.

ORL Health

 How is Origin Energy'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 Origin Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Origin Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Origin Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Origin Energy'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.7x 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 Origin Energy Company Filings, last reported 2 months ago.

DB:ORL Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 13,733.00 6,365.00 1,291.00
2019-09-30 13,733.00 6,365.00 1,291.00
2019-06-30 13,149.00 7,915.00 2,091.00
2019-03-31 13,149.00 7,915.00 2,091.00
2018-12-31 12,788.00 6,805.00 490.00
2018-09-30 12,788.00 6,805.00 490.00
2018-06-30 11,828.00 7,754.00 588.00
2017-12-31 11,081.00 8,557.00 652.00
2017-09-30 11,081.00 8,557.00 652.00
2017-06-30 11,418.00 8,818.00 203.00
2016-12-31 12,982.00 9,432.00 638.00
2016-09-30 12,982.00 9,432.00 638.00
2016-06-30 14,060.00 9,991.00 465.00
2015-12-31 15,084.00 9,506.00 672.00
2015-09-30 15,084.00 9,506.00 672.00
2015-06-30 14,159.00 12,285.00 358.00
2014-12-31 15,261.00 12,083.00 562.00
2014-09-30 15,261.00 12,083.00 562.00
2014-06-30 15,129.00 9,662.00 580.00
2014-03-31 15,129.00 9,742.00 581.00
2013-12-31 15,201.00 8,783.00 975.00
2013-09-30 15,201.00 8,783.00 975.00
2013-06-30 14,794.00 7,492.00 602.00
2013-03-31 14,794.00 7,492.00 602.00
  • Origin Energy's level of debt (46.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (79.1% vs 46.3% today).
  • Debt is not well covered by operating cash flow (17.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.4x coverage).
X
Financial health checks
We assess Origin Energy'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. Origin Energy has a total score of 2/6, 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.

ORL Dividends

 What is Origin Energy'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
6.77%
Current annual income from Origin Energy dividends. Estimated to be 6.16% next year.
If you bought €2,000 of Origin Energy shares you are expected to receive €135 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?
  • Origin Energy's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Origin Energy's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
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:ORL 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 11 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:ORL Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2024-06-30 0.34 1.00
2023-06-30 0.34 1.00
2022-06-30 0.29 8.00
2021-06-30 0.22 11.00
2020-06-30 0.30 12.00
2020-03-30
DB:ORL Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2020-02-19 0.300 5.352
2019-08-21 0.300 3.700
2019-02-20 0.200 2.711
2017-08-15 0.000 0.000
2017-02-15 0.000 0.000
2016-08-17 0.000 0.000
2016-02-17 0.200 3.794
2015-08-20 0.500 9.654
2015-02-18 0.500 4.215
2014-08-21 0.500 3.858
2014-02-19 0.500 3.445
2013-08-21 0.500 3.563
2013-02-20 0.500 3.983
2012-09-19 0.500 4.358
2012-02-23 0.500 3.954
2011-08-23 0.500 3.637
2011-02-24 0.500 3.217
2010-08-24 0.500 3.093
2010-02-25 0.500 3.176
2009-08-19 0.500 3.116

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of Origin Energy's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Origin Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Origin Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Origin Energy 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.

ORL Management

 What is the CEO of Origin Energy'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
Frank Calabria
COMPENSATION A$4,597,000
AGE 51
TENURE AS CEO 3.4 years
CEO Bio

Mr. Frank G. Calabria, BEc, GradDip AppFin, MBA, FCA, FFin, has been the Chief Executive Officer, Managing Director and Executive Director of Origin Energy Limited since October 19, 2016. Mr. Calabria has been the Chief Executive Officer and Managing Director of Origin Energy Power Limited since October 2016. Mr. Calabria served as the Chief Executive Officer of Energy Markets at Origin Energy Limited since March 2009 until October 19, 2016. Mr. Calabria was responsible for the integrated business within Australia including retailing and trading of natural gas, electricity and LPG, power generation and solar and energy services. He served as an Executive General Manager for Energy Markets Australia at Origin Energy Ltd. since December 2008 and also served as its Chief Financial Officer from November 2001 to March 1, 2009 and was responsible for its finance, procurement & IT functions. He joined Origin Energy Limited in November 2001. He held in senior finance positions with Pioneer International Limited, Hanson PLC and Hutchison Telecommunications. He served as Chairman of the Australian Energy Council (AEC) and serves as Director. He has been a Director of Origin Energy Electricity Limited since October 19, 2016. He has been a Director of Origin Energy New Zealand Limited since October 19, 2016 and Lattice Energy Resources NZ (Holdings) Limited (formerly known as Origin Energy Resources NZ Limited) since October 19, 2016. He served as a Director of Beach Energy Resources NZ (Holdings) Limited since January 31, 2018. He is Director of the Australian Petroleum Production & Exploration Association. Mr. Calabria serves as a Director of Origin Energy Finance Limited. He served as a Non-Executive Director at Australian Energy Market Operator Limited since November 6, 2014 until May 01, 2017. He served as a Director at Origin Energy Electricity Limited from November 9, 2004 to June 25, 2015. He is also a Fellow of the Chartered Accountants Australia and New Zealand and a Fellow of the Financial Services Institute of Australasia. Mr. Calabria holds Bachelor of Economics Degree from Macquarie University and a Masters of Business Administration (Executive) from the Australian Graduate School of Management.

CEO Compensation
  • Frank's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Frank's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Origin Energy management team in years:

3.3
Average Tenure
  • The tenure for the Origin Energy management team is about average.
Management Team

Frank Calabria

TITLE
MD, CEO & Executive Director
COMPENSATION
A$5M
AGE
51
TENURE
3.4 yrs

Lawrie Tremaine

TITLE
Chief Financial Officer
COMPENSATION
A$3M
TENURE
2.7 yrs

Greg Jarvis

TITLE
Executive General Manager of Energy Supply & Operations
COMPENSATION
A$2M
TENURE
3.3 yrs

Jon Briskin

TITLE
Executive General Manager of Retail
COMPENSATION
A$2M
TENURE
3.3 yrs

Mark Schubert

TITLE
Executive General Manager of Integrated Gas
COMPENSATION
A$2M
TENURE
4.8 yrs

Kylie FitzGerald

TITLE
Director of Group Communications & Investor Relations

Andrew Clarke

TITLE
Group General Counsel

Tony Lucas

TITLE
Executive General Manager of Future Energy & Business Development
TENURE
3.3 yrs

Sharon Ridgway

TITLE
Executive General Manager of People & Culture
TENURE
3.3 yrs

Helen Hardy

TITLE
Company Secretary
TENURE
9.8 yrs
Board of Directors Tenure

Average tenure and age of the Origin Energy board of directors in years:

4.8
Average Tenure
58
Average Age
  • The tenure for the Origin Energy board of directors is about average.
Board of Directors

Gordon Cairns

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$679K
AGE
68
TENURE
6.4 yrs

Frank Calabria

TITLE
MD, CEO & Executive Director
COMPENSATION
A$5M
AGE
51
TENURE
3.4 yrs

Bruce William Morgan

TITLE
Independent Non-Executive Director
COMPENSATION
A$289K
TENURE
7.3 yrs

Maxine Brenner

TITLE
Independent Non-Executive Director
COMPENSATION
A$262K
AGE
57
TENURE
6.3 yrs

Scott Perkins

TITLE
Independent Non-Executive Director
COMPENSATION
A$287K
AGE
54
TENURE
4.5 yrs

John Akehurst

TITLE
Independent Non-Executive Director
COMPENSATION
A$254K
AGE
70
TENURE
10.9 yrs

Steve Sargent

TITLE
Independent Non-Executive Director
COMPENSATION
A$233K
AGE
59
TENURE
4.8 yrs

Teresa Engelhard

TITLE
Independent Non-Executive Director
COMPENSATION
A$241K
TENURE
2.8 yrs

Greg Lalicker

TITLE
Independent Non-Executive Director
COMPENSATION
A$61K
TENURE
1 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 (€)
19. Mar 20 Sell AustralianSuper Pty. Ltd. Company 30. Jan 20 16. Mar 20 -3,933,251 €4.89 €-19,222,258
19. Mar 20 Buy AustralianSuper Pty. Ltd. Company 30. Jan 20 16. Mar 20 11,999,177 €4.84 €58,112,490
22. Dec 19 Sell Frank Calabria Individual 17. Dec 19 17. Dec 19 -50,000 €5.40 €-270,190
06. Dec 19 Sell Frank Calabria Individual 29. Nov 19 29. Nov 19 -60,000 €5.36 €-321,844
X
Management checks
We assess Origin Energy'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. Origin Energy 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.

ORL News

Simply Wall St News

ORL Company Info

Description

Origin Energy Limited, an integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally. The company operates in Energy Markets and Integrated Gas segments. Its exploration and production portfolio includes the Bowen and Surat basins in Queensland; the Browse basin in Western Australia; and the Beetaloo Basin in the Northern Territory. The company also generates electricity from coal, wind, pumped water storage, solar, and cogeneration plants; sells electricity, natural gas, and LPG; provides GreenPower and green gas products; and supplies LPG to homes and businesses. In addition, it offers electric and gas hot water systems, as well as hot water systems repair and replacement services; split system air conditioners; ducted heating solutions; and ducted evaporative cooling systems. The company serves approximately 4.2 million electricity customers. Origin Energy Limited was founded in 1946 and is based in Barangaroo, Australia.

Details
Name: Origin Energy Limited
ORL
Exchange: DB
Founded: 1946
A$4,355,744,014
1,761,128,391
Website: http://www.originenergy.com.au
Address: Origin Energy Limited
Tower 1,
Level 32,
Barangaroo,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX ORG Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1980
OTCPK OGFG.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1980
DB ORL Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1980
CHIA ORG Ordinary Shares Chi-X Australia AU AUD 02. Jan 1980
OTCPK OGFG.Y UNSPONSORED ADR Pink Sheets LLC US USD 08. Dec 2008
Number of employees
Current staff
Staff numbers
5,360
Origin Energy employees.
Industry
Integrated Oil and Gas
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 20:57
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/02/19
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


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.