Santos Ltd
ASX:STO
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Intrinsic Value
The intrinsic value of 
Santos Ltd (STO) under the Base Case is 7.89 AUD per share.
Compared with the last price of 9.14 AUD on Oct 15, the stock appears
Overvalued by 14% .
The intrinsic value is calculated using the DCF method. The model assumes net margin rises from 16% last year to 33% by 2031, higher than in any of the last six years. If net margin stayed at its five-year average of 20%, the estimate would be about AU$5.16.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What Santos Does
Santos Ltd is an oil and gas company that explores for, produces, and sells natural gas, liquefied natural gas, crude oil, and other petroleum products. Its main assets are in Australia and Papua New Guinea, with a focus on supplying gas to power stations, industrial users, and export buyers, especially through long-term LNG contracts.
- Headquarters
- Australia AU
- Employees
- 4 028
- IPO date
- Oct 1, 1954
Santos has no economic moat
Commodity fuels give buyers alternatives, and the Santos name does not make comparable oil, gas or LNG worth more. Customers gain no extra value just because others buy from Santos, so its customer base does not make competing supplies less attractive.
Read the full moat analysis
Earnings Waterfall
Santos Ltd
What is the Intrinsic Value of one STO stock?
The intrinsic value for Santos Ltd (STO) under the Base Case is 7.89 AUD.
Is STO stock undervalued or overvalued?
Compared with the last price of 9.14 AUD on Oct 15, the stock appears Overvalued by 14% .
