No-moat hydrocarbon producer Woodside reported first-half 2024 underlying NPAT down 13% to USD 1.63 billion, marginally ahead of our USD 1.55 billion expectations. Underlying earnings exclude a USD 305 million gain on the Sangomar oil project deferred tax asset recognition.
Woodside is a beneficiary of continued increase in demand for energy. Behind coal, gas has been the fastest-growing primary energy segment globally. Woodside is favorably located on Asia's doorstep.
The global economy is cooling off and demand for energy will follow suit, particularly if Chinese growth rates taper.
|
Metric
|
WDS
|
SHELL
|
BPT
|
|---|---|---|---|
Price/Earnings (Normalized) | 9.75 | 7.54 | 7.05 |
Price/Book Value | 0.91 | 1.08 | 0.84 |
Price/Sales | 2.51 | 0.69 | 1.57 |
Price/Cash Flow | 4.93 | 4.52 | 3.58 |
|
Metric
|
WDS
|
SHELL
|
BPT
|
|---|---|---|---|
Quick Ratio | 0.80 | 0.97 | 1.15 |
Current Ratio | 1.24 | 1.41 | 1.80 |
Interest Coverage | 10.28 | 7.08 | −16.46 |
|
Metric
|
WDS
|
SHELL
|
BPT
|
|---|---|---|---|
Return on Assets (Normalized) | 5.47% | 6.78% | 5.96% |
Return on Equity (Normalized) | 8.71% | 14.74% | 9.59% |
Return on Invested Capital (Normalized) | 7.28% | 10.60% | 7.49% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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APA
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United States