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Santos Ltd
Buy, Hold or Sell?

Let's analyze Santos together

I guess you are interested in Santos Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Santos Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Santos (30 sec.)










1.2. What can you expect buying and holding a share of Santos? (30 sec.)

How much money do you get?

How much money do you get?
A$0.95
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
A$7.09
Expected worth in 1 year
A$8.55
How sure are you?
60.0%

+ What do you gain per year?

Total Gains per Share
A$2.91
Return On Investment
42.6%

For what price can you sell your share?

Current Price per Share
A$6.83
Expected price per share
A$6.75 - A$7.45
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Santos (5 min.)




Live pricePrice per Share (EOD)
A$6.83
Intrinsic Value Per Share
A$-2.33 - A$12.22
Total Value Per Share
A$4.76 - A$19.31

2.2. Growth of Santos (5 min.)




Is Santos growing?

Current yearPrevious yearGrowGrow %
How rich?$15.2b$14.8b$397.4m2.6%

How much money is Santos making?

Current yearPrevious yearGrowGrow %
Making money$1.4b$2.1b-$695.9m-49.2%
Net Profit Margin23.1%27.1%--

How much money comes from the company's main activities?

2.3. Financial Health of Santos (5 min.)




2.4. Comparing to competitors in the Oil & Gas E&P industry (5 min.)




  Industry Rankings (Oil & Gas E&P)  


Richest
#10 / 341

Most Revenue
#8 / 341

Most Profit
#5 / 341
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Santos?

Welcome investor! Santos's management wants to use your money to grow the business. In return you get a share of Santos.

First you should know what it really means to hold a share of Santos. And how you can make/lose money.

Speculation

The Price per Share of Santos is A$6.83. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Santos.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Santos, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$7.09. Based on the TTM, the Book Value Change Per Share is A$0.37 per quarter. Based on the YOY, the Book Value Change Per Share is A$0.36 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$0.36 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Santos.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps0.436.3%0.436.3%0.639.2%0.274.0%0.020.3%
Usd Book Value Change Per Share0.243.5%0.243.5%0.233.4%0.487.1%0.182.7%
Usd Dividend Per Share0.243.5%0.243.5%0.162.3%0.121.7%0.071.1%
Usd Total Gains Per Share0.487.0%0.487.0%0.395.8%0.608.8%0.263.8%
Usd Price Per Share4.99-4.99-4.69-4.66-4.02-
Price to Earnings Ratio11.54-11.54-7.46-5.57--1.44-
Price-to-Total Gains Ratio10.45-10.45-11.90-1.72-3.97-
Price to Book Ratio1.07-1.07-1.06-1.45-1.47-
Price-to-Total Gains Ratio10.45-10.45-11.90-1.72-3.97-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share4.481846
Number of shares223
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.240.12
Usd Book Value Change Per Share0.240.48
Usd Total Gains Per Share0.480.60
Gains per Quarter (223 shares)106.43133.56
Gains per Year (223 shares)425.73534.25
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1212214416104430524
24234288422088601058
3635643126831212901592
4846857169441717202126
510581071212052121512660
612691285254662525813194
714811499297272930113728
816931713339883334414262
919041928382493738714796
10211621424250104143015330

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%5.05.00.050.0%23.09.04.063.9%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%6.04.00.060.0%24.012.00.066.7%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%33.00.03.091.7%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%6.04.00.060.0%26.010.00.072.2%
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3.2. Key Performance Indicators

The key performance indicators of Santos Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.3660.3660%0.357+2%0.735-50%0.282+30%
Book Value Per Share--7.0907.0900%6.724+5%5.434+30%4.436+60%
Current Ratio--1.4751.4750%1.4770%1.588-7%1.645-10%
Debt To Asset Ratio--0.5090.5090%0.486+5%0.537-5%0.539-5%
Debt To Equity Ratio--1.0371.0370%0.944+10%1.172-12%1.181-12%
Dividend Per Share--0.3610.3610%0.243+49%0.178+103%0.113+221%
Eps--0.6590.6590%0.957-31%0.415+59%0.035+1765%
Free Cash Flow Per Share--0.3080.3080%0.975-68%0.655-53%0.391-21%
Free Cash Flow To Equity Per Share---0.102-0.1020%-0.566+454%0.126-181%0.242-142%
Gross Profit Margin--0.9890.9890%0.9910%0.995-1%1.006-2%
Intrinsic Value_10Y_max--12.218--------
Intrinsic Value_10Y_min---2.334--------
Intrinsic Value_1Y_max--0.780--------
Intrinsic Value_1Y_min--0.236--------
Intrinsic Value_3Y_max--2.681--------
Intrinsic Value_3Y_min--0.306--------
Intrinsic Value_5Y_max--4.992--------
Intrinsic Value_5Y_min---0.066--------
Market Cap22182269864.960-12%24897101645.20024897101645.2000%24019787611.680+4%23268119356.400+7%20018178222.328+24%
Net Profit Margin--0.2310.2310%0.271-15%0.133+73%-0.074+132%
Operating Margin--0.3550.3550%0.432-18%0.289+23%0.203+75%
Operating Ratio--0.6820.6820%0.578+18%0.748-9%0.848-20%
Pb Ratio0.963-11%1.0721.0720%1.062+1%1.449-26%1.473-27%
Pe Ratio10.369-11%11.53811.5380%7.463+55%5.575+107%-1.443+113%
Price Per Share6.830-11%7.6007.6000%7.140+6%7.100+7%6.132+24%
Price To Free Cash Flow Ratio22.159-11%24.65824.6580%7.324+237%12.719+94%8.998+174%
Price To Total Gains Ratio9.390-11%10.44910.4490%11.900-12%1.722+507%3.965+164%
Quick Ratio--1.0461.0460%0.961+9%1.158-10%1.303-20%
Return On Assets--0.0460.0460%0.073-38%0.031+47%-0.007+115%
Return On Equity--0.0930.0930%0.142-35%0.062+50%-0.017+118%
Total Gains Per Share--0.7270.7270%0.600+21%0.913-20%0.394+84%
Usd Book Value--15240237431.89515240237431.8950%14842750339.740+3%11710775350.245+30%9519237970.924+60%
Usd Book Value Change Per Share--0.2400.2400%0.234+2%0.482-50%0.185+30%
Usd Book Value Per Share--4.6524.6520%4.412+5%3.566+30%2.911+60%
Usd Dividend Per Share--0.2370.2370%0.159+49%0.117+103%0.074+221%
Usd Eps--0.4320.4320%0.628-31%0.272+59%0.023+1765%
Usd Free Cash Flow--662575061.300662575061.3000%2151963803.360-69%1412293486.024-53%841494850.813-21%
Usd Free Cash Flow Per Share--0.2020.2020%0.640-68%0.430-53%0.257-21%
Usd Free Cash Flow To Equity Per Share---0.067-0.0670%-0.371+454%0.082-181%0.159-142%
Usd Market Cap14556005485.387-12%16337478099.58016337478099.5800%15761784630.784+4%15268539921.670+7%13135928549.492+24%
Usd Price Per Share4.482-11%4.9874.9870%4.685+6%4.659+7%4.023+24%
Usd Profit--1415976182.8801415976182.8800%2111964476.160-33%864372562.609+64%81555993.755+1636%
Usd Revenue--6141640042.8776141640042.8770%7789868972.200-21%5197524097.774+18%4101456622.039+50%
Usd Total Gains Per Share--0.4770.4770%0.394+21%0.599-20%0.259+84%
 EOD+4 -4MRQTTM+0 -0YOY+15 -215Y+21 -1510Y+25 -11

3.3 Fundamental Score

Let's check the fundamental score of Santos Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1510.369
Price to Book Ratio (EOD)Between0-10.963
Net Profit Margin (MRQ)Greater than00.231
Operating Margin (MRQ)Greater than00.355
Quick Ratio (MRQ)Greater than11.046
Current Ratio (MRQ)Greater than11.475
Debt to Asset Ratio (MRQ)Less than10.509
Debt to Equity Ratio (MRQ)Less than11.037
Return on Equity (MRQ)Greater than0.150.093
Return on Assets (MRQ)Greater than0.050.046
Total7/10 (70.0%)

3.4 Technical Score

Let's check the technical score of Santos Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5039.109
Ma 20Greater thanMa 507.007
Ma 50Greater thanMa 1007.052
Ma 100Greater thanMa 2007.296
OpenGreater thanClose6.780
Total1/5 (20.0%)

4. In-depth Analysis

4.1 About Santos Ltd

Santos Limited explores for, develops, produces, transports, and markets hydrocarbons in Australia and Papua New Guinea. The company's assets are located in the Cooper Basin, Queensland and NSW, Papua New Guinea, Western Australia, Northern Australia and Timor-Leste. It also holds an asset in Alaska, the United States; and engages in the development of decarbonization technologies, such as carbon capture and storage technologies. In addition, the company produces crude oil, liquefied petroleum gas, ethane, coal seam gas, liquefied natural gas, and condensate, as well as natural gas. Santos Limited was incorporated in 1954 and is headquartered in Adelaide, Australia.

Fundamental data was last updated by Penke on 2024-10-17 02:09:05.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is underpriced.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit Santos earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Santos to the Oil & Gas E&P industry mean.
  • A Net Profit Margin of 23.1% means that $0.23 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Santos Ltd:

  • The MRQ is 23.1%. The company is making a huge profit. +2
  • The TTM is 23.1%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ23.1%TTM23.1%0.0%
TTM23.1%YOY27.1%-4.1%
TTM23.1%5Y13.3%+9.7%
5Y13.3%10Y-7.4%+20.8%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ23.1%11.6%+11.5%
TTM23.1%6.2%+16.9%
YOY27.1%18.6%+8.5%
5Y13.3%-16.3%+29.6%
10Y-7.4%-43.5%+36.1%
4.3.1.2. Return on Assets

Shows how efficient Santos is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Santos to the Oil & Gas E&P industry mean.
  • 4.6% Return on Assets means that Santos generated $0.05 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Santos Ltd:

  • The MRQ is 4.6%. Using its assets, the company is less efficient in making profit.
  • The TTM is 4.6%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ4.6%TTM4.6%0.0%
TTM4.6%YOY7.3%-2.8%
TTM4.6%5Y3.1%+1.5%
5Y3.1%10Y-0.7%+3.8%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ4.6%0.2%+4.4%
TTM4.6%0.1%+4.5%
YOY7.3%1.4%+5.9%
5Y3.1%-1.1%+4.2%
10Y-0.7%-2.2%+1.5%
4.3.1.3. Return on Equity

Shows how efficient Santos is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Santos to the Oil & Gas E&P industry mean.
  • 9.3% Return on Equity means Santos generated $0.09 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Santos Ltd:

  • The MRQ is 9.3%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 9.3%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ9.3%TTM9.3%0.0%
TTM9.3%YOY14.2%-4.9%
TTM9.3%5Y6.2%+3.1%
5Y6.2%10Y-1.7%+7.8%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ9.3%1.3%+8.0%
TTM9.3%0.6%+8.7%
YOY14.2%3.3%+10.9%
5Y6.2%-2.0%+8.2%
10Y-1.7%-4.2%+2.5%
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4.3.2. Operating Efficiency of Santos Ltd.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient Santos is operating .

  • Measures how much profit Santos makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Santos to the Oil & Gas E&P industry mean.
  • An Operating Margin of 35.5% means the company generated $0.36  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Santos Ltd:

  • The MRQ is 35.5%. The company is operating very efficient. +2
  • The TTM is 35.5%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ35.5%TTM35.5%0.0%
TTM35.5%YOY43.2%-7.7%
TTM35.5%5Y28.9%+6.6%
5Y28.9%10Y20.3%+8.6%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ35.5%20.6%+14.9%
TTM35.5%19.1%+16.4%
YOY43.2%22.7%+20.5%
5Y28.9%0.6%+28.3%
10Y20.3%-14.5%+34.8%
4.3.2.2. Operating Ratio

Measures how efficient Santos is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Oil & Gas E&P industry mean).
  • An Operation Ratio of 0.68 means that the operating costs are $0.68 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Santos Ltd:

  • The MRQ is 0.682. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.682. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.682TTM0.6820.000
TTM0.682YOY0.578+0.104
TTM0.6825Y0.748-0.066
5Y0.74810Y0.848-0.099
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6820.899-0.217
TTM0.6820.868-0.186
YOY0.5780.837-0.259
5Y0.7481.008-0.260
10Y0.8481.171-0.323
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4.4.3. Liquidity of Santos Ltd.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Santos is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Oil & Gas E&P industry mean).
  • A Current Ratio of 1.47 means the company has $1.47 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Santos Ltd:

  • The MRQ is 1.475. The company is just able to pay all its short-term debts.
  • The TTM is 1.475. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.475TTM1.4750.000
TTM1.475YOY1.477-0.002
TTM1.4755Y1.588-0.113
5Y1.58810Y1.645-0.058
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4751.147+0.328
TTM1.4751.166+0.309
YOY1.4771.240+0.237
5Y1.5881.434+0.154
10Y1.6451.714-0.069
4.4.3.2. Quick Ratio

Measures if Santos is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Santos to the Oil & Gas E&P industry mean.
  • A Quick Ratio of 1.05 means the company can pay off $1.05 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Santos Ltd:

  • The MRQ is 1.046. The company is just able to pay all its short-term debts with the most liquid assets.
  • The TTM is 1.046. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ1.046TTM1.0460.000
TTM1.046YOY0.961+0.084
TTM1.0465Y1.158-0.112
5Y1.15810Y1.303-0.146
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0460.766+0.280
TTM1.0460.758+0.288
YOY0.9610.904+0.057
5Y1.1581.021+0.137
10Y1.3031.306-0.003
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4.5.4. Solvency of Santos Ltd.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of Santos assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Santos to Oil & Gas E&P industry mean.
  • A Debt to Asset Ratio of 0.51 means that Santos assets are financed with 50.9% credit (debt) and the remaining percentage (100% - 50.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Santos Ltd:

  • The MRQ is 0.509. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.509. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.509TTM0.5090.000
TTM0.509YOY0.486+0.023
TTM0.5095Y0.537-0.028
5Y0.53710Y0.539-0.002
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5090.419+0.090
TTM0.5090.419+0.090
YOY0.4860.426+0.060
5Y0.5370.463+0.074
10Y0.5390.448+0.091
4.5.4.2. Debt to Equity Ratio

Measures if Santos is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Santos to the Oil & Gas E&P industry mean.
  • A Debt to Equity ratio of 103.7% means that company has $1.04 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Santos Ltd:

  • The MRQ is 1.037. The company is able to pay all its debts with equity. +1
  • The TTM is 1.037. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.037TTM1.0370.000
TTM1.037YOY0.944+0.093
TTM1.0375Y1.172-0.135
5Y1.17210Y1.181-0.009
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0370.642+0.395
TTM1.0370.650+0.387
YOY0.9440.611+0.333
5Y1.1720.827+0.345
10Y1.1810.772+0.409
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Santos generates.

  • Above 15 is considered overpriced but always compare Santos to the Oil & Gas E&P industry mean.
  • A PE ratio of 11.54 means the investor is paying $11.54 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Santos Ltd:

  • The EOD is 10.369. Based on the earnings, the company is underpriced. +1
  • The MRQ is 11.538. Based on the earnings, the company is underpriced. +1
  • The TTM is 11.538. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD10.369MRQ11.538-1.169
MRQ11.538TTM11.5380.000
TTM11.538YOY7.463+4.075
TTM11.5385Y5.575+5.963
5Y5.57510Y-1.443+7.018
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
EOD10.3691.464+8.905
MRQ11.5381.876+9.662
TTM11.5380.264+11.274
YOY7.4631.924+5.539
5Y5.575-0.475+6.050
10Y-1.443-1.051-0.392
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Santos Ltd:

  • The EOD is 22.159. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 24.658. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 24.658. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD22.159MRQ24.658-2.498
MRQ24.658TTM24.6580.000
TTM24.658YOY7.324+17.333
TTM24.6585Y12.719+11.939
5Y12.71910Y8.998+3.721
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
EOD22.159-1.007+23.166
MRQ24.658-1.584+26.242
TTM24.658-1.197+25.855
YOY7.324-1.032+8.356
5Y12.719-2.432+15.151
10Y8.998-3.661+12.659
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price of Santos is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Oil & Gas E&P industry mean).
  • A PB ratio of 1.07 means the investor is paying $1.07 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Santos Ltd:

  • The EOD is 0.963. Based on the equity, the company is cheap. +2
  • The MRQ is 1.072. Based on the equity, the company is underpriced. +1
  • The TTM is 1.072. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD0.963MRQ1.072-0.109
MRQ1.072TTM1.0720.000
TTM1.072YOY1.062+0.010
TTM1.0725Y1.449-0.377
5Y1.44910Y1.473-0.024
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
EOD0.9630.943+0.020
MRQ1.0721.113-0.041
TTM1.0721.109-0.037
YOY1.0621.167-0.105
5Y1.4491.218+0.231
10Y1.4731.329+0.144
4.6.2. Total Gains per Share

4.7 Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Santos Ltd.

4.8.2. Funds holding Santos Ltd

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2020-10-31Vanguard International Stock Index-Total Intl Stock Indx1.3099999-27250744--
2020-12-31Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund0.54-11308585--
2021-02-28iShares Core MSCI EAFE ETF0.42-8693121--
2021-01-31DFA International Value Series0.34-7088455--
2021-01-31Transamerica International Equity Fund0.33000002-6794800--
2021-02-28iShares MSCI Eafe ETF0.28-5859722--
2021-01-31DFA International Core Equity Portfolio0.23-4716079--
2020-12-31Columbia Fds Var Ins Tr-Lazard International Equity Advantage Fd0.18000001-3753702--
2021-02-28Fidelity International Index Fund0.17-3455356--
2021-02-28JP Morgan ETF Tr-BetaBuilders Developed Asia ex-Japan ETF0.16-3284365--
Total 3.9599999308220492900.0%
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5. Financial Statements




5.1. Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-12-312020-12-312021-12-312022-12-312023-12-31
Retained Earnings  -3,189,523-1,219,120-4,408,6431,026,818-3,381,8253,202,005-179,820784,962605,142
Other Stockholders Equity  -1,485,80382,291-1,403,5121,403,5120-1,316,650-1,316,6501,316,6500



5.2. Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary
Total Assets31,044,711
Total Liabilities15,804,217
Total Stockholder Equity15,240,494
 As reported
Total Liabilities 15,804,217
Total Stockholder Equity+ 15,240,494
Total Assets = 31,044,711

Assets

Total Assets31,044,711
Total Current Assets4,337,180
Long-term Assets26,707,531
Total Current Assets
Cash And Cash Equivalents 1,870,764
Short-term Investments 275,047
Net Receivables 929,895
Other Current Assets 1,095,520
Total Current Assets  (as reported)4,337,180
Total Current Assets  (calculated)4,171,225
+/- 165,955
Long-term Assets
Property Plant Equipment 19,465,927
Goodwill 1,247,176
Long Term Investments 533,000
Intangible Assets 681
Long-term Assets Other 3,287,936
Long-term Assets  (as reported)26,707,531
Long-term Assets  (calculated)24,534,720
+/- 2,172,811

Liabilities & Shareholders' Equity

Total Current Liabilities2,941,340
Long-term Liabilities12,862,877
Total Stockholder Equity15,240,494
Total Current Liabilities
Short-term Debt 833,114
Short Long Term Debt 646,000
Accounts payable 565,719
Other Current Liabilities 1,483,641
Total Current Liabilities  (as reported)2,941,340
Total Current Liabilities  (calculated)3,528,474
+/- 587,133
Long-term Liabilities
Long term Debt 4,728,000
Capital Lease Obligations 785,000
Long-term Liabilities Other 40,000
Long-term Liabilities  (as reported)12,862,877
Long-term Liabilities  (calculated)5,553,000
+/- 7,309,877
Total Stockholder Equity
Common Stock14,306,608
Retained Earnings 397,101
Accumulated Other Comprehensive Income 536,785
Other Stockholders Equity 0
Total Stockholder Equity (as reported)15,240,494
Total Stockholder Equity (calculated)15,240,494
+/-0
Other
Capital Stock14,339,000
Cash and Short Term Investments 1,870,764
Common Stock Shares Outstanding 3,275,934
Current Deferred Revenue58,867
Liabilities and Stockholders Equity 31,044,711
Net Debt 4,274,322
Net Invested Capital 20,649,000
Net Working Capital 1,399,000
Property Plant and Equipment Gross 43,592,000
Short Long Term Debt Total 6,145,087



5.3. Balance Sheets Structured

Currency in USD. All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-311999-12-311998-12-311997-12-311996-12-311995-12-311994-12-311993-12-311992-12-311991-12-311990-12-311989-12-311987-12-31
> Total Assets 
2,366,000
2,313,027
2,286,462
2,127,000
1,953,506
1,917,560
2,247,372
2,170,272
0
2,625,547
2,583,177
0
2,595,512
2,577,103
2,984,167
3,927,018
4,647,171
4,533,426
5,445,216
6,418,694
6,853,996
10,205,622
13,983,791
16,161,967
17,697,598
18,380,543
18,281,109
15,964,294
15,262,000
13,706,000
17,134,000
16,509,000
17,656,000
31,020,818
28,856,000
31,044,711
31,044,71128,856,00031,020,81817,656,00016,509,00017,134,00013,706,00015,262,00015,964,29418,281,10918,380,54317,697,59816,161,96713,983,79110,205,6226,853,9966,418,6945,445,2164,533,4264,647,1713,927,0182,984,1672,577,1032,595,51202,583,1772,625,54702,170,2722,247,3721,917,5601,953,5062,127,0002,286,4622,313,0272,366,000
   > Total Current Assets 
330,700
221,156
194,185
279,864
206,940
178,264
218,206
200,018
282,616
197,882
190,441
223,539
298,998
266,658
294,839
308,168
527,371
667,863
836,554
993,906
1,736,522
3,161,129
5,353,226
4,856,562
3,384,724
1,853,305
1,689,438
2,126,777
2,950,000
1,972,000
2,198,000
2,180,000
2,696,000
4,736,467
5,128,000
4,337,180
4,337,1805,128,0004,736,4672,696,0002,180,0002,198,0001,972,0002,950,0002,126,7771,689,4381,853,3053,384,7244,856,5625,353,2263,161,1291,736,522993,906836,554667,863527,371308,168294,839266,658298,998223,539190,441197,882282,616200,018218,206178,264206,940279,864194,185221,156330,700
       Cash And Cash Equivalents 
210,700
112,432
73,398
142,631
62,350
72,267
92,852
66,325
121,008
71,425
71,835
64,046
101,653
54,261
47,560
83,608
99,872
167,826
125,187
175,808
1,085,868
2,012,199
4,386,375
3,405,316
2,234,666
574,364
634,051
840,226
2,026,000
1,231,000
1,316,000
1,067,000
1,319,000
2,966,897
2,352,000
1,870,764
1,870,7642,352,0002,966,8971,319,0001,067,0001,316,0001,231,0002,026,000840,226634,051574,3642,234,6663,405,3164,386,3752,012,1991,085,868175,808125,187167,82699,87283,60847,56054,261101,65364,04671,83571,425121,00866,32592,85272,26762,350142,63173,398112,432210,700
       Short-term Investments 
0
0
0
0
20,233
11,785
0
0
0
0
0
86,989
0
17,134
0
0
0
3,963
9,545
77,200
40,889
55,695
3,047
3,066
3,117
892
4,091
1,000
9,667
847,000
1,000
4,000
1,000
7,000
109,000
275,047
275,047109,0007,0001,0004,0001,000847,0009,6671,0004,0918923,1173,0663,04755,69540,88977,2009,5453,96300017,134086,9890000011,78520,2330000
       Net Receivables 
83,900
84,028
93,774
106,973
89,327
59,873
84,707
88,508
103,812
77,800
74,396
100,550
130,728
140,220
157,094
129,212
319,200
372,629
382,898
532,597
406,685
823,744
675,374
918,781
533,993
707,253
517,876
392,445
367,000
440,000
521,000
554,000
560,000
991,956
768,000
929,895
929,895768,000991,956560,000554,000521,000440,000367,000392,445517,876707,253533,993918,781675,374823,744406,685532,597382,898372,629319,200129,212157,094140,220130,728100,55074,39677,800103,81288,50884,70759,87389,327106,97393,77484,02883,900
       Inventory 
36,100
24,222
26,396
30,260
35,029
34,339
40,647
45,185
57,797
48,657
44,211
58,943
55,032
56,405
69,882
84,586
91,523
105,440
132,050
211,759
202,573
245,237
265,071
289,227
333,486
373,693
362,431
360,409
321,000
266,000
288,000
301,000
288,000
404,758
443,000
441,002
441,002443,000404,758288,000301,000288,000266,000321,000360,409362,431373,693333,486289,227265,071245,237202,573211,759132,050105,44091,52384,58669,88256,40555,03258,94344,21148,65757,79745,18540,64734,33935,02930,26026,39624,22236,100
   > Long-term Assets 
2,035,300
2,091,871
2,092,277
1,847,135
1,746,566
1,739,295
2,029,167
1,970,254
2,458,682
2,427,665
2,392,736
2,614,828
2,296,514
2,310,445
2,689,329
3,618,850
4,119,800
3,865,563
4,608,661
5,424,788
5,117,474
7,044,493
8,630,565
11,305,405
14,312,874
16,527,238
16,591,671
13,837,517
12,312,000
11,734,000
14,936,000
14,329,000
14,960,000
26,284,351
23,728,000
26,707,531
26,707,53123,728,00026,284,35114,960,00014,329,00014,936,00011,734,00012,312,00013,837,51716,591,67116,527,23814,312,87411,305,4058,630,5657,044,4935,117,4745,424,7884,608,6613,865,5634,119,8003,618,8502,689,3292,310,4452,296,5142,614,8282,392,7362,427,6652,458,6821,970,2542,029,1671,739,2951,746,5661,847,1352,092,2772,091,8712,035,300
       Property Plant Equipment 
1,755,800
1,753,864
1,738,020
1,512,073
1,353,126
1,466,887
1,701,121
1,623,963
2,066,204
2,097,406
2,087,470
2,318,411
2,210,012
2,220,759
2,647,153
3,601,767
4,111,139
3,811,306
4,504,378
5,306,326
4,784,421
6,683,375
8,202,998
10,930,330
13,976,272
16,094,681
16,194,879
13,117,428
11,028,000
10,121,000
12,347,000
12,806,000
12,991,000
18,408,517
20,494,000
19,465,927
19,465,92720,494,00018,408,51712,991,00012,806,00012,347,00010,121,00011,028,00013,117,42816,194,87916,094,68113,976,27210,930,3308,202,9986,683,3754,784,4215,306,3264,504,3783,811,3064,111,1393,601,7672,647,1532,220,7592,210,0122,318,4112,087,4702,097,4062,066,2041,623,9631,701,1211,466,8871,353,1261,512,0731,738,0201,753,8641,755,800
       Goodwill 
147,800
100,992
93,851
87,358
74,118
66,849
69,581
60,072
57,001
40,721
32,685
29,177
19,829
26,500
9,815
6,397
3,121
0
0
0
0
0
0
0
0
0
0
0
0
0
628,000
481,000
383,000
1,458,525
1,190,000
1,247,176
1,247,1761,190,0001,458,525383,000481,000628,00000000000000003,1216,3979,81526,50019,82929,17732,68540,72157,00160,07269,58166,84974,11887,35893,851100,992147,800
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
35,676
42,345
252,313
0
0
0
0
276,000
262,000
169,000
181,039
148,718
46,755
22,838
537,523
448,000
407,000
533,000
533,000407,000448,000537,52322,83846,755148,718181,039169,000262,000276,0000000252,31342,34535,676000000000000000000
       Intangible Assets 
0
0
0
0
0
0
0
0
0
40,721
32,685
0
19,829
13,527
9,815
6,397
4,000
0
0
0
0
0
0
0
0
0
0
0
0
0
683,239
684,259
496,339
1,458,525
1,754,774
681
6811,754,7741,458,525496,339684,259683,23900000000000004,0006,3979,81513,52719,829032,68540,721000000000
       Long-term Assets Other 
25,500
20,041
21,688
20,680
15,278
14,359
15,669
14,069
19,982
31,159
33,783
28,065
38,712
35,170
6,057
828
2,263
1,391
9,387
0
239,354
119,474
154,371
16,352
31,167
85,619
154,627
80,091
17,000
17,000
182,000
156,000
131,000
1,813,436
523,000
3,287,936
3,287,936523,0001,813,436131,000156,000182,00017,00017,00080,091154,62785,61931,16716,352154,371119,474239,35409,3871,3912,2638286,05735,17038,71228,06533,78331,15919,98214,06915,66914,35915,27820,68021,68820,04125,500
> Total Liabilities 
1,505,700
1,426,351
1,221,221
1,203,166
1,105,858
982,485
1,058,837
1,039,319
1,722,734
1,377,238
1,400,651
2,096,088
1,308,339
1,185,313
1,377,951
1,603,227
1,917,621
2,363,110
2,798,296
3,515,893
3,722,537
3,947,144
6,262,187
7,001,748
7,968,334
9,272,769
10,580,054
8,536,230
8,182,000
6,555,000
9,855,000
8,833,000
10,429,000
17,452,450
14,013,000
15,804,217
15,804,21714,013,00017,452,45010,429,0008,833,0009,855,0006,555,0008,182,0008,536,23010,580,0549,272,7697,968,3347,001,7486,262,1873,947,1443,722,5373,515,8932,798,2962,363,1101,917,6211,603,2271,377,9511,185,3131,308,3392,096,0881,400,6511,377,2381,722,7341,039,3191,058,837982,4851,105,8581,203,1661,221,2211,426,3511,505,700
   > Total Current Liabilities 
210,200
172,081
221,739
242,534
173,287
245,113
165,458
150,144
201,334
215,966
166,354
199,988
425,493
366,349
332,247
331,723
394,807
488,467
774,552
816,695
945,808
970,167
1,640,193
1,557,534
1,361,993
1,539,367
1,592,081
926,870
1,556,000
951,000
1,848,000
1,319,000
1,535,000
3,001,790
3,472,000
2,941,340
2,941,3403,472,0003,001,7901,535,0001,319,0001,848,000951,0001,556,000926,8701,592,0811,539,3671,361,9931,557,5341,640,193970,167945,808816,695774,552488,467394,807331,723332,247366,349425,493199,988166,354215,966201,334150,144165,458245,113173,287242,534221,739172,081210,200
       Short-term Debt 
62,800
17,200
1,466
56,642
2,065
96,447
931
521
318
2,407
244
262
34,256
117,301
33,651
34,166
38,934
8,128
125,976
90,403
68,946
147,322
375,772
172,719
15,583
168,563
267,528
152,901
420,000
207,000
967,000
310,000
354,000
1,081,681
938,000
833,114
833,114938,0001,081,681354,000310,000967,000207,000420,000152,901267,528168,56315,583172,719375,772147,32268,94690,403125,9768,12838,93434,16633,651117,30134,2562622442,40731852193196,4472,06556,6421,46617,20062,800
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
126,051
90,388
68,103
0
0
0
0
5,771,000
185,000
151,000
579,049
264,103
1,368,660
279,760
302,519
889,000
694,000
646,000
646,000694,000889,000302,519279,7601,368,660264,103579,049151,000185,0005,771,000000068,10390,388126,051000000000000000000
       Accounts payable 
49,200
0
0
35,202
26,083
24,044
35,760
39,006
62,096
119,367
92,141
79,550
159,246
123,784
180,481
219,217
217,612
190,525
269,307
379,149
273,617
386,270
456,004
780,811
816,572
1,005,137
1,010,390
537,337
417,000
416,000
503,000
507,000
365,000
864,348
805,000
565,719
565,719805,000864,348365,000507,000503,000416,000417,000537,3371,010,3901,005,137816,572780,811456,004386,270273,617379,149269,307190,525217,612219,217180,481123,784159,24679,55092,141119,36762,09639,00635,76024,04426,08335,2020049,200
       Other Current Liabilities 
102,100
154,880
220,272
199,400
211,900
185,100
166,269
148,779
139,016
185,900
178,200
118,727
518,900
105,064
109,478
71,643
133,735
286,227
374,221
336,622
564,646
362,016
717,013
497,716
479,970
284,506
272,437
230,079
696,000
320,000
41,000
130,000
380,000
950,085
1,599,000
1,483,641
1,483,6411,599,000950,085380,000130,00041,000320,000696,000230,079272,437284,506479,970497,716717,013362,016564,646336,622374,221286,227133,73571,643109,478105,064518,900118,727178,200185,900139,016148,779166,269185,100211,900199,400220,272154,880102,100
   > Long-term Liabilities 
1,295,500
1,254,270
999,483
960,632
932,571
737,372
893,379
889,175
1,277,107
1,161,272
1,234,298
1,292,891
882,846
818,964
1,045,704
1,271,504
1,522,815
1,874,643
2,023,744
2,699,198
2,776,729
2,976,976
4,621,994
5,444,214
6,606,341
7,733,402
8,987,973
7,609,360
6,626,000
5,604,000
8,007,000
7,514,000
8,894,000
14,450,661
10,541,000
12,862,877
12,862,87710,541,00014,450,6618,894,0007,514,0008,007,0005,604,0006,626,0007,609,3608,987,9737,733,4026,606,3415,444,2144,621,9942,976,9762,776,7292,699,1982,023,7441,874,6431,522,8151,271,5041,045,704818,964882,8461,292,8911,234,2981,161,2721,277,107889,175893,379737,372932,571960,632999,4831,254,2701,295,500
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,246,000
4,819,000
3,736,000
3,952,000
4,111,000
4,645,000
6,964,000
4,581,000
0
04,581,0006,964,0004,645,0004,111,0003,952,0003,736,0004,819,0005,246,000000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
79,200
109,400
124,500
190,500
181,800
230,300
558,000
559,800
871,100
794,000
921,000
1,258,000
1,736,000
1,862,000
2,467,000
2,356,000
1,807,000
1,868,000
3,726,000
3,403,000
4,249,000
6,424,000
5,960,000
0
05,960,0006,424,0004,249,0003,403,0003,726,0001,868,0001,807,0002,356,0002,467,0001,862,0001,736,0001,258,000921,000794,000871,100559,800558,000230,300181,800190,500124,500109,40079,200000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
417,382
468,508
551,317
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000551,317468,508417,382000000000000000000
> Total Stockholder Equity
760,200
818,980
1,000,023
891,217
847,648
935,074
1,188,535
1,130,953
1,262,857
1,248,309
1,182,526
1,345,488
1,287,173
1,391,790
1,606,216
2,323,791
2,729,550
2,170,316
2,646,920
2,902,802
3,131,250
6,258,478
7,723,635
9,164,308
9,734,458
9,111,341
7,704,328
7,428,064
7,080,000
7,151,000
7,279,000
7,676,000
7,227,000
13,568,368
14,843,000
15,240,494
15,240,49414,843,00013,568,3687,227,0007,676,0007,279,0007,151,0007,080,0007,428,0647,704,3289,111,3419,734,4589,164,3087,723,6356,258,4783,131,2502,902,8022,646,9202,170,3162,729,5502,323,7911,606,2161,391,7901,287,1731,345,4881,182,5261,248,3091,262,8571,130,9531,188,535935,074847,648891,2171,000,023818,980760,200
   Common Stock
67,800
79,058
86,287
89,259
85,267
87,236
104,100
99,972
106,996
98,486
948,240
1,022,249
875,939
951,579
865,110
1,167,050
1,668,955
1,619,755
1,778,339
2,044,456
1,361,024
4,479,838
5,600,016
6,532,648
6,865,027
6,019,229
5,649,186
7,420,783
8,883,000
9,034,000
9,031,000
9,010,000
9,013,000
14,984,024
14,701,000
14,306,608
14,306,60814,701,00014,984,0249,013,0009,010,0009,031,0009,034,0008,883,0007,420,7835,649,1866,019,2296,865,0276,532,6485,600,0164,479,8381,361,0242,044,4561,778,3391,619,7551,668,9551,167,050865,110951,579875,9391,022,249948,24098,486106,99699,972104,10087,23685,26789,25986,28779,05867,800
   Retained Earnings 
252,700
154,486
205,531
50,712
52,784
106,945
179,265
161,384
914,801
220,259
230,688
323,959
411,122
439,343
551,427
905,766
1,067,616
681,116
1,026,584
1,097,637
1,493,602
2,032,860
2,458,767
2,990,383
3,297,457
3,050,194
1,772,069
-709,896
-1,293,000
-1,934,000
-2,359,000
-2,093,000
-2,893,000
-2,219,191
-118,000
397,101
397,101-118,000-2,219,191-2,893,000-2,093,000-2,359,000-1,934,000-1,293,000-709,8961,772,0693,050,1943,297,4572,990,3832,458,7672,032,8601,493,6021,097,6371,026,584681,1161,067,616905,766551,427439,343411,122323,959230,688220,259914,801161,384179,265106,94552,78450,712205,531154,486252,700
   Capital Surplus 000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000
   Other Stockholders Equity 
439,700
742,000
0
0
0
1,093,900
0
0
-688,947
0
1,191,600
0
0
-342,300
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-823,000
-544,000
0
-975,000
-921,000
0
-864,000
0
0-864,0000-921,000-975,0000-544,000-823,00000000000000000-342,300001,191,6000-688,947001,093,900000742,000439,700



5.4. Balance Sheets

Currency in USD. All numbers in thousands.