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Ampol Ltd
SWB:CLZ

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Ampol Ltd
SWB:CLZ
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Price: 18.4 EUR 10.84%
Market Cap: €4.4B

EV/EBITDA

24.2
Current
42%
More Expensive
vs 3-y average of 17.1

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
24.2
=
Enterprise Value
€10.6B
/
EBITDA
AU$477.4m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
24.2
=
Enterprise Value
€10.6B
/
EBITDA
AU$477.4m

Valuation Scenarios

Ampol Ltd is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (17.1), the stock would be worth €12.98 (29% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-79%
Maximum Upside
No Upside Scenarios
Average Downside
49%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 24.2 €18.4
0%
3-Year Average 17.1 €12.98
-29%
5-Year Average 10.7 €8.12
-56%
Industry Average 5.2 €3.95
-79%
Country Average 16.5 €12.56
-32%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
€10.6B
/
Jan 2026
AU$477.4m
=
24.2
Current
€10.6B
/
Dec 2026
AU$1.7B
=
6.2
Forward
€10.6B
/
Dec 2027
AU$1.8B
=
5.9
Forward
€10.6B
/
Dec 2028
AU$1.9B
=
5.7
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
AU
Ampol Ltd
SWB:CLZ
8B EUR 24.2 97.9
JP
Fuji Oil Co Ltd
F:ACK
77.2T EUR -5 092 092.2 -1 805 607.9
IN
Reliance Industries Ltd
NSE:RELIANCE
18.2T INR 10.3 21.8
US
Valero Energy Corp
NYSE:VLO
69.9B USD 9.9 30
US
Marathon Petroleum Corp
NYSE:MPC
65.2B USD 8.1 16.3
US
Phillips 66
NYSE:PSX
64B USD 10.8 14.8
PL
Orlen SA
PSE:PKN
859.7B CZK 3.8 13.3
PL
Polski Koncern Naftowy Orlen SA
WSE:PKN
149.9B PLN 3.9 13.5
FI
Neste Oyj
OMXH:NESTE
19.9B EUR 16.8 142.5
JP
ENEOS Holdings Inc
TSE:5020
3.5T JPY 11.2 18.9
IN
Indian Oil Corporation Ltd
NSE:IOC
2T INR 3.6 5.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
AU
Ampol Ltd
SWB:CLZ
Average EV/EBITDA: 10.3
24.2
57%
0.4
JP
Fuji Oil Co Ltd
F:ACK
Negative Multiple: -5 092 092.2
72%
N/A
IN
Reliance Industries Ltd
NSE:RELIANCE
10.3
12%
0.9
US
Valero Energy Corp
NYSE:VLO
9.9
6%
1.6
US
Marathon Petroleum Corp
NYSE:MPC
8.1
4%
2
US
Phillips 66
NYSE:PSX
10.8
10%
1.1
PL
O
Orlen SA
PSE:PKN
3.8
-1%
N/A
PL
Polski Koncern Naftowy Orlen SA
WSE:PKN
3.9
-1%
N/A
FI
Neste Oyj
OMXH:NESTE
16.8
27%
0.6
JP
ENEOS Holdings Inc
TSE:5020
11.2
11%
1
IN
Indian Oil Corporation Ltd
NSE:IOC
3.6
18%
0.2
P/E Multiple
Earnings Growth PEG
AU
Ampol Ltd
SWB:CLZ
Average P/E: 37.5
97.9
91%
1.1
JP
Fuji Oil Co Ltd
F:ACK
Negative Multiple: -1 805 607.9 N/A N/A
IN
Reliance Industries Ltd
NSE:RELIANCE
21.8
14%
1.6
US
Valero Energy Corp
NYSE:VLO
30
28%
1.1
US
Marathon Petroleum Corp
NYSE:MPC
16.3
6%
2.7
US
Phillips 66
NYSE:PSX
14.8
6%
2.5
PL
O
Orlen SA
PSE:PKN
13.3
8%
1.7
PL
Polski Koncern Naftowy Orlen SA
WSE:PKN
13.5
8%
1.7
FI
Neste Oyj
OMXH:NESTE
142.5
118%
1.2
JP
ENEOS Holdings Inc
TSE:5020
18.9
17%
1.1
IN
Indian Oil Corporation Ltd
NSE:IOC
5.5
29%
0.2

Market Distribution

In line with most companies in Australia
Percentile
40th
Based on 1 243 companies
40th percentile
12.6
Low
0 — 10
Typical Range
10 — 24.5
High
24.5 —
Distribution Statistics
Australia
Min 0
30th Percentile 10
Median 16.5
70th Percentile 24.5
Max 6 797.5

Ampol Ltd
Glance View

Ampol Ltd, a stalwart in the energy sector, hails from Australia with roots tracing back to 1936, painting a story of resilience and adaptation in a rapidly shifting industry landscape. Originally known for its dominance in the fuel supply chain, Ampol carved out its presence by leveraging every aspect of the oil and gas spectrum—from refining to retail. The transformation phase came when Ampol embraced the opportunity to scale significantly by merging with Caltex Australia, providing it a reinforced platform to optimize its integrated value chain. The name "Ampol" was proudly reinstated in 2020, symbolizing a renewed commitment to its Australian heritage while also marking its resolve to blend tradition with innovation. At its core, Ampol commands a vast network of service stations across the region, a testimony to its robust infrastructure, which serves as a pivotal channel for direct consumer engagement and a steady revenue stream. The company's business model thrives on its adeptness at balancing the intricate dance between refining operations and retail distribution. Ampol operates one of the few remaining refineries in Australia, producing a significant portion of the fuels it supplies, guaranteeing control over quality and inventory. This vertically integrated approach ensures that Ampol remains flexible and responsive to market demands. Additionally, Ampol has ventured into expanding its product portfolio, catering not just to standard fuel consumers but also engaging in the sale of lubricants and other petrochemical products. Their commercial division supplements this by providing tailored energy solutions for industries, like transport and mining, thus diversifying its income sources. As the world nudges toward sustainable energy, Ampol is strategically positioning itself by investing in future energy initiatives, signaling its intent to evolve alongside global energy transitions.

CLZ Intrinsic Value
45.83 EUR
Undervaluation 60%
Intrinsic Value
Price €18.4
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