Ampol Limited (ALD.AX)
Energy · ASX · Australia
Fundamentals
Valuation and ratings
Ampol Limited trades at AUD38.67, which is 61% above the AUD15.17 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 16 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 108.4 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
ALD.AX dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | AUD0.600 | 1 |
| 2025 | AUD0.450 | 2 |
| 2024 | AUD2.40 | 2 |
| 2023 | AUD2.50 | 2 |
| 2022 | AUD1.61 | 2 |
| 2021 | AUD0.750 | 2 |
| 2020 | AUD0.760 | 2 |
| 2019 | AUD0.930 | 2 |
| 2018 | AUD1.18 | 2 |
| 2017 | AUD1.12 | 2 |
| 2016 | AUD1.20 | 2 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
ALD.AX earnings and analyst estimates
Recommendation mix, 9 analyst ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Ampol Limited
Ampol Limited purchases and sells petroleum products in Australia, New Zealand, Singapore, and the United States. It operates through Fuels and Infrastructure, Convenience Retail, and New Zealand segments. The Fuels and Infrastructure segment wholesales fuels and lubricants, including Lytton refinery, trading and shipping, distribution, infrastructure, and energy solutions. The Convenience Retail segment sells fuels through Ampol's network of stores. The New Zealand segment include Z Energy that distributes fuel in New Zealand market. It also engages in EV charging and home electricity solutions business. The company distributes its products through depots, terminals, pipelines, and service station sites. It sells fuels to various customers in defence, mining, transport, marine, agriculture, aviation, and other commercial and industrial sectors. The company was formerly known as Caltex Australia Limited and changed its name to Ampol Limited in May 2020. Ampol Limited was founded in 1900 and is headquartered in Alexandria, Australia.
ALD.AX passes 4 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Ampol Limited (ALD.AX) undervalued?
Against our discounted cash flow estimate of AUD15.17, ALD.AX at AUD38.67 is 61% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is ALD.AX's P/E ratio?
ALD.AX trades at 108.4 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Ampol Limited (ALD.AX) pay a dividend?
Yes. Ampol Limited yields 3.20% at the current share price. It has paid AUD1.00 per share over the trailing twelve months. It has paid a dividend in each of the last 16 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.