- Ampol‘s total sales volume for Q3 2024 is 6,521 ML, showing a 5.7% decrease compared to the same period last year.
- Lytton Refinery’s production stands at 916 ML, experiencing a significant drop of 42% year-over-year.
- The Lytton Refiner Margin per barrel has drastically decreased by 92% to $1.48.
- Australian fuel sales volume is 3,824 ML, marking a 6% decline from the previous year.
- International sales volume is 1,791 ML, which is a decrease of 7.4% year-over-year.
- Ampol is committed to an initial cost reduction of A$50 million, targeted for 2025, aiming to improve productivity and simplify operations.
- Plans are in place to take advantage of the global refining environment to repair the Fluidised Catalytic Cracking Unit regenerator in November. Operations will continue at a reduced rate, expecting about 350 million litres of high-value product without supply disruption to customers.
- The third quarter performance was affected by planned maintenance activities at the Lytton refinery, as well as weaker product margins.
- In response to weak refining margins, global refiners have begun cutting production runs, leading to a modest margin recovery since early October.
- Analyst recommendations for Ampol include 5 buys, 6 holds, and 0 sells.
A look at Ampol Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, Ampol‘s long-term outlook appears to be mixed. While the company scores well in terms of Dividend and Momentum, indicating a strong track record of paying dividends and steady performance, its Value and Growth scores are moderate. This suggests that there may be room for improvement in terms of the company’s valuation and growth prospects. Additionally, the Resilience score for Ampol is relatively low, highlighting potential vulnerabilities in challenging economic conditions. Overall, Ampol Limited, a provider of petroleum products in Australia, faces a varied outlook with strengths in dividends and momentum but areas for potential growth and resilience enhancements.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
