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Santos

DB:STS1
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
STS1
DB
A$7B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Santos Limited explores for, develops, produces, transports, and markets hydrocarbons for homes and businesses in Australia and Asia. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
  • Santos has significant price volatility in the past 3 months.
STS1 Share Price and Events
7 Day Returns
21.5%
DB:STS1
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-54.5%
DB:STS1
21.9%
DE Oil and Gas
-17.7%
DE Market
STS1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Santos (STS1) 21.5% -51.8% -62.4% -54.5% -26.2% -60.2%
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
  • STS1 underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • STS1 underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
STS1
Industry
5yr Volatility vs Market

Value

 Is Santos 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 Santos 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 Santos.

DB:STS1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
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:STS1
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))
= 0.807 (1 + (1- 30%) (102.38%))
1.258
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.258 * 5.44%)
6.45%

Discounted Cash Flow Calculation for DB:STS1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Santos 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:STS1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.45%)
2020 323.42 Analyst x4 303.82
2021 409.26 Analyst x5 361.14
2022 482.94 Analyst x3 400.32
2023 361.06 Est @ -25.24% 281.14
2024 296.85 Est @ -17.78% 217.13
2025 259.55 Est @ -12.57% 178.34
2026 236.41 Est @ -8.91% 152.59
2027 221.39 Est @ -6.36% 134.23
2028 211.28 Est @ -4.57% 120.33
2029 204.28 Est @ -3.31% 109.29
Present value of next 10 years cash flows $2,258.00
DB:STS1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $204.28 × (1 + -0.39%) ÷ (6.45% – -0.39%)
$2,973.09
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,973.09 ÷ (1 + 6.45%)10
$1,590.69
DB:STS1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,258.00 + $1,590.69
$3,848.69
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,848.69 / 2,083.07
$1.85
DB:STS1 Discount to Share Price
Calculation Result
Exchange Rate USD/AUD
(Reporting currency to currency of ASX:STO)
1.63
Value per Share
(AUD)
= Value per Share in USD x Exchange Rate (USD/AUD)
= $1.85 x 1.63
A$3.01
Non-primary Listing Adjustment Factor 1 share in DB:STS1 represents 0.56805x of ASX:STO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.56805x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 3.01 x 0.56805
€1.71
Value per share (EUR) From above. €1.71
Current discount Discount to share price of €1.92
= -1 x (€1.92 - €1.71) / €1.71
-12.2%

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

  • The current share price of Santos is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Santos's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Santos's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:STS1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.32
ASX:STO Share Price ** ASX (2020-03-30) in AUD A$3.38
ASX:STO Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.613 $2.07
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 Santos.

DB:STS1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:STO Share Price ÷ EPS (both in USD)

= 2.07 ÷ 0.32

6.41x

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

  • Santos is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Santos is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Santos's expected growth come at a high price?
Raw Data
DB:STS1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
9%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:STS1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.41x ÷ 9%

0.71x

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

  • Santos is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Santos's assets?
Raw Data
DB:STS1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $3.68
ASX:STO Share Price * ASX (2020-03-30) in AUD A$3.38
ASX:STO Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.613 $2.07
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:STS1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:STO Share Price ÷ Book Value per Share (both in USD)

= 2.07 ÷ 3.68

0.56x

* Primary Listing of Santos.

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

  • Santos is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Santos'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. Santos has a total score of 3/6, 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 Santos expected to perform in the next 1 to 3 years based on estimates from 14 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
9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Santos expected to grow at an attractive rate?
  • Santos's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Santos's earnings growth is positive but not above the Germany market average.
  • Santos's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:STS1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:STS1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 9%
DB:STS1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 3.4%
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:STS1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:STS1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 4,903 2,352 1,016 3
2023-12-31 4,466 1,956 857 3
2022-12-31 4,025 1,794 743 9
2021-12-31 3,764 1,463 542 14
2020-12-31 3,392 1,474 376 13
2020-03-30
DB:STS1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 4,033 2,046 674
2019-09-30 3,994 2,016 794
2019-06-30 3,954 1,985 914
2019-03-31 3,807 1,782 772
2018-12-31 3,660 1,578 630
2018-09-30 3,496 1,415 440
2018-06-30 3,331 1,252 250
2018-03-31 3,216 1,250 -55
2017-12-31 3,100 1,248 -360
2017-09-30 2,976 1,219 -405
2017-06-30 2,852 1,189 -449
2017-03-31 2,723 1,015 -748

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Santos's earnings are expected to grow by 9% yearly, however this is not considered high growth (20% yearly).
  • Santos's revenue is expected to grow by 3.4% 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:STS1 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 14 Analyst Estimates (S&P Global) See Below

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

DB:STS1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 0.49 0.50 0.47 2.00
2023-12-31 0.41 0.48 0.34 2.00
2022-12-31 0.35 0.59 0.23 8.00
2021-12-31 0.24 0.38 0.07 11.00
2020-12-31 0.20 0.31 0.10 10.00
2020-03-30
DB:STS1 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.32
2019-09-30 0.38
2019-06-30 0.44
2019-03-31 0.37
2018-12-31 0.30
2018-09-30 0.21
2018-06-30 0.12
2018-03-31 -0.03
2017-12-31 -0.17
2017-09-30 -0.20
2017-06-30 -0.23
2017-03-31 -0.40

*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.
  • Santos is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Santos'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.
Santos 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 Santos 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 Santos'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.
  • Santos has delivered over 20% year on year earnings growth in the past 5 years.
  • Santos's 1-year earnings growth is less than its 5-year average (7% vs 56.8%)
  • Santos's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (7% vs -4.1%).
Earnings and Revenue History
Santos'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 Santos Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:STS1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 4,033.00 674.00 169.00
2019-09-30 3,993.50 794.00 166.50
2019-06-30 3,954.00 914.00 164.00
2019-03-31 3,807.00 772.00 179.00
2018-12-31 3,660.00 630.00 194.00
2018-09-30 3,495.50 440.00 187.00
2018-06-30 3,331.00 250.00 180.00
2018-03-31 3,215.50 -55.00 186.50
2017-12-31 3,100.00 -360.00 193.00
2017-09-30 2,976.00 -404.50 216.50
2017-06-30 2,852.00 -449.00 240.00
2017-03-31 2,723.00 -748.00 242.50
2016-12-31 2,594.00 -1,047.00 245.00
2016-09-30 2,483.00 -2,067.00 238.50
2016-06-30 2,372.00 -3,087.00 232.00
2016-03-31 2,407.00 -2,520.00 284.00
2015-12-31 2,442.00 -1,953.00 336.00
2015-09-30 2,463.00 -1,336.43 326.90
2015-06-30 2,915.67 -848.13 377.85
2015-03-31 2,989.88 -776.67 330.82
2014-12-31 3,303.47 -765.11 306.04
2014-09-30 3,506.10 -211.70 279.93
2014-06-30 3,752.53 425.33 250.86
2014-03-31 3,514.44 448.29 212.32
2013-12-31 3,221.39 461.48 171.71
2013-09-30 3,196.24 487.92 197.22
2013-06-30 2,963.34 483.36 210.56
2013-03-31 3,361.96 544.89 263.86

*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.
  • Santos has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Santos used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Santos has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Santos'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.
Santos has a total score of 3/6, 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 Santos'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 Santos's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Santos is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Santos's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Santos'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 not covered by short term assets, assets are 0.5x 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 Santos Company Filings, last reported 2 months ago.

DB:STS1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 7,676.00 3,996.00 1,071.00
2019-09-30 7,676.00 3,996.00 1,071.00
2019-06-30 7,532.00 4,251.00 1,229.00
2019-03-31 7,532.00 4,251.00 1,229.00
2018-12-31 7,279.00 4,857.00 1,325.00
2018-09-30 7,279.00 4,857.00 1,325.00
2018-06-30 6,998.00 3,829.00 1,506.00
2018-03-31 6,998.00 3,829.00 1,506.00
2017-12-31 7,151.00 3,880.00 1,231.00
2017-09-30 7,151.00 3,880.00 1,231.00
2017-06-30 6,917.00 4,980.00 2,243.00
2017-03-31 6,917.00 4,980.00 2,243.00
2016-12-31 7,080.00 5,174.00 2,033.00
2016-09-30 7,080.00 5,174.00 2,033.00
2016-06-30 6,369.00 5,387.00 1,035.00
2016-03-31 6,369.00 5,387.00 1,035.00
2015-12-31 7,421.00 5,362.00 840.00
2015-09-30 7,172.13 5,181.90 811.98
2015-06-30 7,475.28 6,925.77 307.85
2015-03-31 7,408.00 6,863.44 305.08
2014-12-31 7,702.63 6,745.22 638.27
2014-09-30 8,234.26 7,210.78 682.33
2014-06-30 9,569.48 6,063.09 448.91
2014-03-31 9,408.00 5,960.78 441.33
2013-12-31 9,132.94 5,155.84 577.74
2013-09-30 9,545.26 5,388.61 603.82
2013-06-30 9,063.03 4,504.05 1,493.11
2013-03-31 10,304.45 5,121.00 1,697.63
  • Santos's level of debt (52.1%) 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 (87.6% vs 52.1% today).
  • Debt is well covered by operating cash flow (51.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.6x coverage).
X
Financial health checks
We assess Santos'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. Santos has a total score of 4/6, 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 Santos'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
5.31%
Current annual income from Santos dividends. Estimated to be 4.32% next year.
If you bought €2,000 of Santos shares you are expected to receive €106 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?
  • Santos's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Santos'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:STS1 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 14 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:STS1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 0.21 2.00
2023-12-31 0.16 2.00
2022-12-31 0.09 11.00
2021-12-31 0.07 16.00
2020-12-31 0.08 15.00
2020-03-30
DB:STS1 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-19 0.110 3.773
2019-02-20 0.124 2.410
2018-08-23 0.070 1.540
2017-08-23 0.000 0.000
2017-02-16 0.000 0.000
2016-08-18 0.000 0.000
2016-02-18 0.071 2.352
2015-02-19 0.240 6.609
2014-08-21 0.309 3.904
2014-02-20 0.268 2.142
2013-08-15 0.261 2.065
2013-02-21 0.267 2.327
2012-08-16 0.305 2.612
2012-02-16 0.290 2.426
2011-08-19 0.283 2.413
2011-03-30 0.376 2.681
2011-02-17 0.363 2.533
2010-08-26 0.373 3.204
2010-02-18 0.343 3.117
2009-08-20 0.348 2.879

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 Santos's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.5x coverage).
X
Income/ dividend checks
We assess Santos'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 Santos afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Santos 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 Santos'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
Kevin Gallagher
COMPENSATION $4,500,492
AGE 54
TENURE AS CEO 4 years
CEO Bio

Mr. Kevin Thomas Gallagher, B.Eng, MAICD, FIEAust, has been the Chief Executive Officer and Managing Director of Santos Limited since February 1, 2016. Mr. Gallagher served as the Chief Executive Officer of Oil & Gas Business Platform at Murray & Roberts Holdings Ltd., until February 2016 and served as its Operations Executive. He served as the Chief Executive Officer and Managing Director at Clough Limited since November 3, 2011 until February 3, 2016. He served as the Chief Executive Officer of Clough at Murray & Roberts Holdings Ltd., since December 2011. He served as an Executive Vice President of North West Shelf and Chief Executive Officer of North West Shelf Venture at Woodside Petroleum Ltd. until October 31, 2011. He served as Senior Vice President of Australia Business Until at Woodside Petroleum Ltd. He has more than 25 years of global oil & gas industry experience in managing oil and gas operations in Australia, the USA and North and West Africa. He has an established track record in strategy development, execution and building and motivating high performance teams and also has significant experience working in complex contractual environments. He has been with Woodside Petroleum Ltd. since 1998 and served as its Senior Vice President of Australia Business Unit. He spent roles in Mobil Corporation. Mr. Gallagher has 13 years experience with Woodside Energy, where he has led oil and gas operations in Australia, the USA and North and West Africa. He has been a Director at Santos Limited and Santos Finance Ltd. since February 16, 2016. He has been Director of Santos (BBF) Pty Ltd. since March 4, 2016 and Santos (JPDA 91-12) Pty Ltd. since March 07, 2016. He serves as a Director of Western Australian Rugby Union Inc. He served as a Director of Clough Projects Australia Pty Limited until January 29, 2016. He served as a Non Executive Director of Forge Group Limited from November 2011 to March 28, 2013. He served as a Director of Clough Limited until January 29, 2016. Mr. Gallagher is a Member of the Institute of Company Directors. He commenced his career as a drilling engineer with Mobil North Sea, before joining Woodside in 1998.

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

Average tenure of the Santos management team in years:

3
Average Tenure
  • The tenure for the Santos management team is about average.
Management Team

Kevin Gallagher

TITLE
MD, CEO & Director
COMPENSATION
$5M
AGE
54
TENURE
4 yrs

Anthony Neilson

TITLE
Chief Financial Officer
COMPENSATION
$1M
TENURE
3.3 yrs

Petter Undem

TITLE
Executive Vice President of Marketing
COMPENSATION
$642K
TENURE
0.6 yrs

Brett Woods

TITLE
Executive Vice President of Developments
COMPENSATION
$1M
TENURE
3 yrs

Vince Santostefano

TITLE
Executive Vice President of Production Operations
COMPENSATION
$1M
TENURE
3 yrs

David Banks

TITLE
Executive Vice President of Onshore Oil & Gas
COMPENSATION
$968K
TENURE
2.2 yrs

Brett Darley

TITLE
Executive Vice President of Offshore Oil & Gas
COMPENSATION
$1M
AGE
52
TENURE
1.3 yrs

Andrew Nairn

TITLE
Group Executive of Investor Relations
TENURE
12 yrs

Jodie Hatherly

TITLE
General Counsel

Bill Ovenden

TITLE
Executive Vice President of Exploration & New Ventures
TENURE
3 yrs
Board of Directors Tenure

Average tenure and age of the Santos board of directors in years:

3.8
Average Tenure
61
Average Age
  • The tenure for the Santos board of directors is about average.
Board of Directors

Keith Spence

TITLE
Independent Non-Executive Chairman
COMPENSATION
$359K
AGE
65
TENURE
2 yrs

Kevin Gallagher

TITLE
MD, CEO & Director
COMPENSATION
$5M
AGE
54
TENURE
4 yrs

Yasmin Allen

TITLE
Independent Non-Executive Director
COMPENSATION
$176K
AGE
55
TENURE
5.4 yrs

Guy Cowan

TITLE
Independent Non-Executive Director
COMPENSATION
$156K
AGE
67
TENURE
3.8 yrs

Hock Goh

TITLE
Independent Non-Executive Director
COMPENSATION
$162K
AGE
64
TENURE
7.4 yrs

Peter Hearl

TITLE
Independent Non-Executive Director
COMPENSATION
$169K
AGE
68
TENURE
3.8 yrs

Vanessa Guthrie

TITLE
Independent Non-Executive Director
COMPENSATION
$154K
AGE
57
TENURE
2.7 yrs

Yu Guan

TITLE
Non-Executive Director
COMPENSATION
$89K
TENURE
0.8 yrs

Marie McArdle

TITLE
Independent Non-Executive Director
COMPENSATION
$24K
AGE
58
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Santos individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
26. Mar 20 Sell BlackRock, Inc. Company 25. Mar 20 25. Mar 20 -926,009 €2.02 €-1,873,575
26. Mar 20 Buy BlackRock, Inc. Company 24. Mar 20 25. Mar 20 588,651 €2.18 €118,231
24. Mar 20 Buy BlackRock, Inc. Company 25. Nov 19 23. Mar 20 6,396,787 €4.82 €15,623
25. Mar 20 Buy Vanessa Guthrie Individual 23. Mar 20 23. Mar 20 20,109 €1.60 €32,116
17. Mar 20 Buy Guy Cowan Individual 16. Mar 20 16. Mar 20 7,444 €2.22 €16,529
20. Feb 20 Sell BlackRock, Inc. Company 19. Feb 20 19. Feb 20 -9,579 €5.05 €-48,270
20. Feb 20 Buy BlackRock, Inc. Company 18. Feb 20 19. Feb 20 308,301 €5.05 €1,469,040
18. Feb 20 Buy BlackRock, Inc. Company 15. Oct 19 14. Feb 20 4,596,434 €5.58 €60,349
08. Nov 19 Buy Vanessa Guthrie Individual 01. Nov 19 01. Nov 19 2,500 €5.00 €12,489
01. Nov 19 Buy Janine McArdle Individual 31. Oct 19 31. Oct 19 5,000 €5.02 €25,089
01. Nov 19 Buy Vanessa Guthrie Individual 29. Oct 19 29. Oct 19 2,500 €5.04 €12,602
26. Jun 19 Sell BlackRock, Inc. Company 08. May 18 25. Jun 19 -29,350,802 €4.57 €-237,344
26. Jun 19 Buy BlackRock, Inc. Company 08. May 18 25. Jun 19 34,097,349 €4.57 €27,672
X
Management checks
We assess Santos'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. Santos 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

Santos Limited explores for, develops, produces, transports, and markets hydrocarbons for homes and businesses in Australia and Asia. Its five principal assets are located in the Cooper Basin, Queensland & NSW, Papua New Guinea, Northern Australia & Timor-Leste, and Western Australia. The company produces natural gas, such as liquefied petroleum gas, ethane, methane, coal seam gas, liquefied natural gas, shale gas, and condensate, as well as oil. Its proved plus probable reserves include 1,022 million barrels of oil equivalent. The company was founded in 1954 and is headquartered in Adelaide, Australia.

Details
Name: Santos Limited
STS1
Exchange: DB
Founded: 1954
A$3,894,789,221
2,083,066,041
Website: http://www.santos.com
Address: Santos Limited
Santos Centre,
Ground Floor,
Adelaide,
South Australia, 5000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX STO Ordinary Shares Australian Securities Exchange AU AUD 06. Jan 1975
OTCPK STOS.F Ordinary Shares Pink Sheets LLC US USD 06. Jan 1975
DB STS1 Ordinary Shares Deutsche Boerse AG DE EUR 06. Jan 1975
CHIA STO Ordinary Shares Chi-X Australia AU AUD 06. Jan 1975
OTCPK SSLZ.Y Sponsored Adr Pink Sheets LLC US USD 06. Jan 1975
Number of employees
Current staff
Staff numbers
2,178
Santos employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 21:15
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: 2019/12/31


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.