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Santos Limited STO.AX

AU · Australian Securities Exchange · XASX · stock · Energy · website

Santos Limited statistics & valuation

P / E31.7×
P / S5.2×
P / B1.7×
Net margin16.5%
Net debt$5.8B
Enterprise value$24.2B
Earnings yield EBIT/EV3.7%
Return on capital4.1%
Graham number -34.7%$5.22

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($5.22); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
27.10% 24.00% 22.60% 16.50% 2022202320242025
Gross margin (%)
72.40% 69.30% 68.40% 69.70% 2022202320242025
Operating margin (%)
42.20% 30.70% 29.90% 23.80% 2022202320242025
Return on equity (%)
14.20% 9.30% 7.90% 5.20% 2022202320242025
Shares outstanding
3.25B 3.25B 3.25B 3.25B 2022202320242025
Net debt ($)
$3.17B $4.28B $4.86B $5.82B 2022202320242025
Share buybacks ($)
$420.0M $338.0M $15.0M $27.0M 2022202320242025
Return on assets (%)
7.30% 4.80% 4.10% 2.70% 2022202320242025
Free cash flow margin (%)
2022202320242025
Debt / equity (×)
0.37× 0.40× 0.43× 0.48× 2022202320242025
EPS ($)
$0.63 $0.43 $0.38 $0.25 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Santos Limited trades at about 31.8× earnings — above its 10-year norm (10-year range 11.3×–27.9×, median 18.8×).

11.3× 31.8×

Shaded band = 10-year range (11.3×–27.9×); dot = today's 31.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin69.7%68.4%69.3%72.4%
Operating margin23.8%29.9%30.7%42.2%
Net margin16.5%22.6%24.0%27.1%
Return on assets2.7%4.1%4.8%7.3%
Return on equity5.2%7.9%9.3%14.2%
Debt / equity0.39×0.33×0.31×0.27×
Current ratio1.531.321.471.48

Computed from company filings · AU · as of 2025-12-31. Figures in USD. Facts plus Stocktoria's own computed scores — not investment advice.