ASX Share rice
Fri 07 Aug 2020 - 11:03:pm (Sydney)

CTX Share Price

CALTEX AUSTRALIA LIMITEDCTXEnergy

CTX Company Information

Name:

Caltex Australia Limited

Sector:

Energy

Industry:

Oil & Gas Refining & Marketing

GIC Industry:

Oil, Gas & Consumable Fuels

GIC Sub Industry:

Oil & Gas Refining & Marketing

Address:

2 Market Street Sydney NSW Australia 2000

Phone:

61 2 9250 5000

Full Time Employees:

7600

Interim Chief Exec. Officer:

Mr. Matthew Halliday

Interim Chief Operating Officer:

Ms. Louise Warner

Exec. Gen. Mang. of Convenience Retail:

Ms. Joanne Taylor

Interim Chief Financial Officer:

Jeffrey Etherington

Chief Information Officer:

Mr. Viv Da Ros

Company Overview:

Caltex Australia Limited engages in purchasing, refining, and distributing petroleum products in Australia, New Zealand, and Singapore. The company operates through Convenience Retail, and Fuels & Infrastructure segments. The Convenience Retail segment sells fuels through a Caltex network of stores. The Fuels and Infrastructure segment wholesales fuels and lubricants. It distributes its products through a network of depots, diesel stops, marine facilities, and service station sites. Caltex Australia Limited was founded in 1900 and is headquartered in Sydney, Australia.

CTX Share Price Information

Shares Issued:

249.71M

Dividend per Share:

$0.83

Ex Dividend Date:

2020-03-09

Dividend Yield:

%

Revenue (TTM):

$22.31B

Revenue Per Share (TTM):

$88.17

Earnings per Share:

$1.511

Profit Margin:

0.0172

Operating Margin (TTM):

$0.03

Return On Assets (TTM):

$0.05

Return On Equity (TTM):

$0.12

Quarterly Revenue Growth (YOY):

0.039

Gross Profit(TTM):

$1.92B

Diluted Earnings Per Share (TTM):

$1.511

QuarterlyEarnings Growth(YOY):

0.331

CTX CashFlow Statement

CashFlow Date:

2019-12-31

Investments:

$-138,947,000

Change To Liabilities:

$0.91B

Total Cashflow From Investing Activities:

$-138,947,000

Net Borrowings:

$-179,263,000

Net Income:

$382.76M

Total Cash From Operating Activities:

$844.26M

Depreciation:

$364.04M

Dividends Paid:

$-239,600,000

Change To Inventory:

$-493,380,000

Change To Account Receivables:

$-295,843,000

Sale Purchase Of Stock:

$-260,157,000

Capital Expenditures:

$232.68M

CTX Income Statement

Income Date:

2019-12-31

Income Before Tax:

$521.73M

Net Income:

$382.76M

Gross Profit:

$1.67B

Operating Income:

$341.65M

Other Operating Expenses:

$8.82M

Interest Expense:

$62.39M

Income Tax Expense:

$137.91M

Total Revenue:

$22.06B

Total Operating Expenses:

$1.33B

Cost Of Revenue:

$20.39B

CTX Balance Sheet

Balance Sheet Date:

2019-12-31

Intangible Assets:

$167.52M

Total Liabilities:

$5.08B

Total Stockholder Equity:

$3.26B

Other Current Liabilities:

$585.91M

Total Assets:

$8.35B

Common Stock:

$502.63M

Other Current Assets:

$34.23M

Retained Earnings:

$2.74B

Other Liabilities:

$305.24M

Good Will:

$405.68M

Other Assets:

$258.49M

Cash:

$35.02M

Total Current Liabilities:

$3.21B

Short-Term Debt:

$61M

Property - Plant & Equipment:

$3.70B

Net Tangible Assets:

$2.68B

Long-Term Investments:

$154.90M

Total Current Assets:

$3.66B

Long-Term Debt:

$841.99M

Net Receivables:

$1.25B

Short-Term Investments:

$4.69B

Inventory:

$2.11B

Accounts Payable:

$2.35B

Non Currrent Assets (Other):

$68.04M

Short-Term Investments:

$4.69

Non Current Liabilities Total:

$1.86B

CTX Share Price History

CTX News

20 Apr, 2020
The decision means the Canadian firm's proposed $8.8 billion ($5.6 billion) deal is the biggest buyout of an Australian company to be squashed by the impact of the virus, which has led to 69 deaths in Australia and 1,580 in Canada. The Canadian convenience store chain, which had secured funding commitments for the deal, said it still saw Caltex as a good fit for its expansion into Asia, and would be willing to re-engage once coronavirus-related uncertainty subsides. A collapse in oil prices has been of little help for the Australian refiner which has found itself facing vanishing demand due to restrictions on movement by governments looking to contain the spread of COVID-19, the disease caused by the new coronavirus.
19 Apr, 2020
Takeover target Caltex Australia Ltd on Monday said Canada's Alimentation Couche-Tard has decided not to proceed with a takeover bid for the company due to economic uncertainties posed by the coronavirus pandemic. The convenience store, petrol station and refinery company said in a statement that Couche-Tard may re-engage with Caltex once there is sufficient clarity in the global outlook. Couche-Tard raised its offer to A$8.8 billion ($5.6 billion) in mid-February, while privately-owned UK convenience store retailer EG Group made a rival offer of A$3.9 billion in cash for Caltex's convenience stores plus shares in a spin-off company made up of its refining and fuel distribution assets.
As a result of the committed efforts that teams at both companies have made, Couche-Tard would like to confirm that due diligence for the proposed transaction has been substantially completed. The Company's work confirms that Caltex is a strong strategic fit for Couche-Tard and an important component of its Asia Pacific expansion strategy. There are significant opportunities to be realized from combining both businesses and Couche-Tard remains highly interested in formalizing a transaction.
23 Mar, 2020
Full Year 2019 Caltex Australia Ltd Earnings Call
19 Mar, 2020
Canadian convenience store operator Alimentation Couche-Tard still wants to take over refiner and marketer Caltex Australia Ltd despite global market turmoil, Chief Executive Brian Hannasch said. Caltex's shares have plunged about 40% since Couche-Tard raised its offer to A$8.8 billion in mid-February and privately owned UK convenience store retailer EG Group made a rival offer of A$3.9 billion in cash for its convenience stores plus shares in a spin-off company with its refining and fuel distribution assets.
17 Mar, 2020
SYDNEY/HONG KONG, March 16 (Reuters) - At least three Australian takeovers potentially worth a combined $1.2 billion are facing lower prices and contract conditions, three sources said, as financial market turmoil sparked by the coronavirus has made it difficult for advisers and bidders to put price tags on deals. The rethinking on price comes as dealmakers had hoped Australia's relatively low number of coronavirus cases would leave it as a dealmaking sweetspot, while so many other Asia-Pacific economies, including China, the region's biggest driver of takeovers, were hit hard by the virus. Some bidders for Australian and New Zealand Banking Group's car lender UDC Finance and AMP's New Zealand wealth management business are lowering their offers and adding conditions due to the COVID-19 market chaos, two sources with knowledge of the deals said.
03 Mar, 2020
Moody's Investors Service, ("Moody's") has today changed the outlook to negative from stable for EG Group Limited's (EG, 'company'). At the same time, Moody's has affirmed the B2 corporate family rating (CFR), B2-PD probability of default rating (PDR) of the company and B2 and Caa1 first and second lien instrument ratings of the debt issued by its subsidiaries EG Finco Limited, EG Global Finance plc., EG America LLC and EG Group Australia Pty Ltd.
24 Feb, 2020
Takeover target Caltex Australia reported a more than 38% fall in full-year profit on Tuesday, as it struggled with weakness in refining margins amid volatile crude prices. The refiner, which also runs petrol stations along with convenience stores, said its full-year net profit on a "replacement cost" basis was A$344 million ($227.97 million), which was near the midpoint of its own forecast of between A$320 million and A$360 million. It posted underlying net earnings of A$558 million last year.
22 Feb, 2020
(Bloomberg Opinion) -- Investors in the retail sector can’t get their fill of gas stations. Seven & i Holdings Co., the Japanese company that controls 7-Eleven, is in exclusive talks to acquire Marathon Petroleum Corp.’s Speedway gas stations for about $22 billion, people familiar with the matter told Scott Deveau, Kiel Porter and Manuel Baigorri of Bloomberg News.That’s not the only deal out there. EG Group, a closely held U.K. forecourts operator that had also shown an interest in Speedway, this week offered A$3.9 billion ($2.6 billion) in cash for the gas stations owned by Caltex Australia Ltd.Alimentation Couche-Tard Inc. is also bidding for Caltex’s entire business, including its refinery and fuel distribution unit as well as the retail gas-station network. Couche-Tard, Seven & i, and Berkshire Hathaway Inc. went on a similar spree for U.S. fuel retailers, truck stops and convenience stores in 2017.The argument for these deals is quite straightforward. Grocery retail for several decades has been shifting away from the stereotype of large nuclear families doing weekly shopping trips in big-box supermarkets, toward individuals, working parents and retirees picking up a few things from a local convenience store several times a week.If you’re looking to expand into convenience stores, gas stations are a target-rich environment — scattered through urban areas and along major highways, and ripe for upgrading beyond their traditional fare of basic fuel for vehicles and their drivers. In the meantime, the constant need to fill up gas tanks provides a reliable stream of cash, although one that’s highly leveraged to the price of oil.Seven & i hopes to echo the revival of its domestic business by offering a wider range of products and fresh food to customers. EG Group, which has grown from a single U.K. gas station in 2001 to encompass around 5,900 sites on three continents, makes a similar argument. It hopes to eventually make about 70% of its profits from non-fuel retail, up from around 50% currently, by bringing recognized retail brands into its forecourts to create mini-malls.There’s just one problem with this bold vision. Fuel retail is on the verge of a major structural revolution — and the result isn’t likely to be a pretty one for gas stations.The most obvious bear scenario would come if automakers’ rush to electrify their product ranges succeeds in bringing about the decline of the internal combustion engine. Around 10 million electric vehicles will be on the road by the end of this year and there’s already nearly a million EV charging stations, according to BloombergNEF.While that still represents a small share of the car market, the situation should change rapidly in the second half of this decade, as the costs of electric vehicles fall definitively below those of conventional ones and government phase-out targets in the 2030s start to loom. On a global basis, the International Energy Agency expects gasoline demand to peak in the late 2020s. The sorts of developed markets where the current gas station M&A frenzy is playing out are unlikely to be the most resilient to that shift.Even if gas stations invest in their own charging infrastructure — a relatively costly activity, and one that would commit them to purchasing from third-party utilities rather than the vertically integrated refining businesses they’re often bundled up with — they risk losing their traditional monopoly on fuel supply to chargers in homes and workplaces. That threatens footfall, a key metric for retailers who depend on high volumes of customer traffic to make the most of their store assets.Things may be somewhat better if the electric-car revolution fails to catch light. Even then, though, fuel-efficiency mandates mean fewer trips to buy gas, leading to a similar effect on footfall. Combined with a shift toward more online delivery, the effect could be dismal: By 2035, more than a quarter of gas stations will be unable to make economic profits in even the least electrified scenario, according to a report last year by Boston Consulting Group. All of this would be fine if convenience stores were going to be so profitable over the next few years that they could afford to make a quick buck and transform themselves before they’re overwhelmed by change.There’s little sign of that, though. EG Group made just 16 million euros ($17.3 million) of net income on an underlying basis in its latest results, despite more than 12 billion euros of revenue (on a statutory basis, there was a 138 million euro net loss). Net income margins at Seven & i’s U.S. unit tend to hover around 3%, and returns on equity are an unspectacular 8% or 9%. Viva Energy Group Ltd., a competitor to Caltex which operates Shell-branded forecourts in Australia, has lost about 25% of its market capitalization since an initial public offering in 2018.The days of the conventional gas station are numbered. Anyone who wants to make money from transforming them had better have their foot firmly pressed on the accelerator.To contact the author of this story: David Fickling at dfickling@bloomberg.netTo contact the editor responsible for this story: Rachel Rosenthal at rrosenthal21@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
20 Feb, 2020
Electric vehicles have charged up investments around the world, but Australia is revelling in a slew of deals involving old-school petrol stations, with a bidding battle developing for one of its top fuel retailers, Caltex Australia. A shake-up in the structure of the fuel industry over the past decade, sparked by refinery closures and oil major retreats, has produced deals worth $33 billion including offers for Caltex, according to Refinitiv data. "Australia is a high-quality 'short'," said a banker involved in the tussle for Caltex, using the industry term for a market short on fuel and referring to Australia's stable demand.
19 Feb, 2020
Moody's Investors Service has today placed on review for downgrade the Baa1 issuer rating of Caltex Australia Limited. Today's rating action follows the announcement by Caltex that it has received a non-binding, indicative and conditional proposal from EG Group Limited (B2 stable) to acquire all shares in Caltex. This is in addition to the improved proposal from Alimentation Couche-Tard, Inc. (Baa2 stable) announced on Thursday 13 February.
16 Feb, 2020
Takeover target Caltex Australia Ltd said on Monday it would allow Alimentation Couche-Tard Inc to conduct additional due diligence, after the Canadian firm raised its buyout offer to A$8.80 billion ($5.91 billion) last week. Caltex, the oil refiner and convenience store firm, said in a statement its board believed it was in the interests of shareholders to engage further with Couche-Tard. The company said the due diligence will be on a non-exclusive basis.
13 Feb, 2020
Alimentation Couche-Tard Inc. ("Couche-Tard") (TSX: ATD.A) (TSX: ATD.B) confirms the announcement by Caltex Australia Limited (ASX: CTX) ("Caltex") that Couche-Tard has made a further revised non-binding, indicative offer to the Board of Caltex to acquire 100% of Caltex by way of scheme of arrangement (the "Further Revised Proposal") at a cash price of A$35.25 per ordinary share, reduced by any dividend declared or paid to Caltex shareholders prior to implementation of the transaction.

CTX Dividend Payments

EX-Date Dividend Amount
2010-03-01$0.2500
2010-09-01$0.3000
2011-03-01$0.3000
2011-08-31$0.1700
2012-03-05$0.2800
2012-09-05$0.1700
2013-03-04$0.2300
2013-09-04$0.1700
2014-03-03$0.1700
2014-09-05$0.2000
2015-03-04$0.5000
2015-09-04$0.4700
2016-03-08$0.7000
2016-09-07$0.5000
2017-03-05$0.5200
2017-09-11$0.6000
2018-03-11$0.6100
2018-09-10$0.5700
2019-02-28$0.6100
2019-09-09$0.3200
2020-03-08$0.5100

CTX Dividends (last 11 Years)