KAROON ENERGY
Could you summarise the Karoon Energy Network Briefing Presentation released on Thursday 18th January Why is the PE ( its < 4 ) so low ?
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Answer
Hi John,
The PE of <4 is for the FY24 because this is going to be a good year of profit, consensus sits at $305m for FY24, up from $146m in FY23, however, moving forward profitability will likely decline in outer years as production comes off the peak, so the PE will revert closer to historical averages. i.e. consensus earnings in FY25 ae $243m & $185m in FY26.
