VIVA ENERGY GROUP LIMITED (VEA)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

VEA

VEA - VIVA ENERGY GROUP LIMITED

FNArena Sector : Crude Oil
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: 7.44
Index: ASX200 | ASX300 | ALL-ORDS

Viva Energy is an Australian oil refiner and supplier of fuel and related products through petrol stations under the Shell and Viva Energy brands. It owns and operates the Geelong Refinery in Victoria. It was listed in 2018 following restructure of Viva Energy Holdings.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.81

03 Feb
2026

0.020

OPEN

$1.80

1.12%

HIGH

$1.82

5,413,854

LOW

$1.78

TARGET
$2.558 41.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEL . ALD . BHP . BPT . BRU . CRD . CVN . FAR . HE8 . HZN . KAR . MAY .
FNARENA'S MARKET CONSENSUS FORECASTS
VEA: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 4.8 10.9 xxx
DPS (cps) xxx 10.6 5.9 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 32.2% - 44.2% xxx
PE Ratio xxx N/A 16.7 xxx
Dividend Yield xxx N/A 3.2% xxx
Div Pay Ratio(%) xxx N/A 54.1% xxx

Dividend yield today if purchased 3 years ago: 3.62%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.81

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 05/09 - ex-div 2.83c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-4.8
DPS All xxxxxxxxxxxxxxx10.6
Sales/Revenue xxxxxxxxxxxxxxx30,142.0 M
Book Value Per Share xxxxxxxxxxxxxxx119.3
Net Operating Cash Flow xxxxxxxxxxxxxxx598.4 M
Net Profit Margin xxxxxxxxxxxxxxx-0.25 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-3.91 %
Return on Invested Capital xxxxxxxxxxxxxxx-1.28 %
Return on Assets xxxxxxxxxxxxxxx-0.70 %
Return on Equity xxxxxxxxxxxxxxx-3.91 %
Return on Total Capital xxxxxxxxxxxxxxx2.74 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-205.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx273 M
Long Term Debt xxxxxxxxxxxxxxx5,259 M
Total Debt xxxxxxxxxxxxxxx5,533 M
Goodwill - Gross xxxxxxxxxxxxxxx1,116 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx193 M
Price To Book Value xxxxxxxxxxxxxxx2.20

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx588.1 M
Capex % of Sales xxxxxxxxxxxxxxx1.95 %
Cost of Goods Sold xxxxxxxxxxxxxxx28,607 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,365 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx24 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

30/01/2026

3

Equal-weight

$2.13

17.68%

With attention turning to the FY25 result in late February, Morgan Stanley sees Viva Energy’s Dec-25 quarter as broadly steady, delivering a reasonable refining performance and improving shop economics despite mixed volume trends.

The Geelong refining margin lifted to US$12.10/bbl, well above last year but below the broker’s expectations, while refining intake of 9.4MMbbl exceeded forecasts.

Fuel sales rose 5% q/q, driven by Commercial & Industrial demand where aviation strength offset weaker marine conditions, while retail volumes were flat and slightly below estimates.

Convenience & Mobility sales were affected by store conversion disruption, though gross margins improved sequentially on tobacco mix and network optimisation.

Equal-weight retained with a $2.13 target. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 EPS of 12.00 cents.
Morgan Stanley forecasts a full year FY26 EPS of 18.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY
Access Extra Coverage Research History >

VEA STOCK CHART

FNArena News on VEA

Latest Crude Oil News

1
Crude Oil: Longer Term Bullish

Feb 23 2022 - Technicals
2
Sunny Outlook For Beach Energy

Feb 16 2022 - Australia
3
Crude Oil: Poised For Now

Dec 09 2021 - Technicals
4
Karoon Energy Scales Up Oil Production

Sep 21 2021 - Small Caps
5
Orbost Renewal Key To Cooper Energy Outlook

Jul 20 2021 - Australia
6
Oil: Longer Term Bullish

Jun 23 2021 - Technicals
7
Upside For Oil Prices

May 26 2021 - Technicals
8
Bullish View Opens Up For Oil

Nov 30 2020 - Commodities
9
Crude Oil: Head Fake?

Nov 04 2020 - Technicals
10
Defining Moment Ahead For Beach Energy?

Oct 26 2020 - Australia