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Viva Energy Group Ltd.
(Sydney:VEA)
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Rating:52Neutral
Price Target:
AU$3.00
â–²(18.58% Upside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by deteriorating profitability and a significantly more leveraged balance sheet, despite resilient operating cash flow. Technical indicators are relatively strong and provide support, while valuation is constrained by losses (negative P/E) with only modest help from the dividend yield.
Positive Factors
Resilient operating cash flow
Persistent positive operating cash flow shows the business continues converting operations into cash even while reported earnings are weak. That resilience can support essential investment and working-capital needs, although the benefit is partly limited by low debt coverage and uneven free cash flow.
Negative Factors
Rapidly rising leverage
The sharp increase in leverage and decline in equity materially reduce financial flexibility. Higher debt makes earnings more sensitive to operating setbacks and increases refinancing exposure, while low cash-flow coverage versus debt limits the company’s ability to deleverage quickly from internally generated funds.
Read all positive and negative factors
Positive Factors
Negative Factors
Resilient operating cash flow
Persistent positive operating cash flow shows the business continues converting operations into cash even while reported earnings are weak. That resilience can support essential investment and working-capital needs, although the benefit is partly limited by low debt coverage and uneven free cash flow.
Read all positive factors
Viva Energy Group Ltd. (VEA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$4.77B
Dividend Yield4.04%
Average Volume (3M)7.15M
Price to Earnings (P/E)20.6
Beta (1Y)0.30
Revenue Growth-2.13%
EPS GrowthN/A
CountryAU
Employees15,174
SectorEnergy
Sector Strength52
IndustryOil & Gas Refining & Marketing
Share Statistics
EPS (TTM)0.14
Shares Outstanding1,654,082,600
10 Day Avg. Volume7,582,290
30 Day Avg. Volume7,148,135
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)2.30
Price to Sales (P/S)0.11
P/FCF Ratio22.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$3.15Price Target Upside24.68% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)0.44
Revenue Forecast (FY)AU$31.60B
Viva Energy Group Ltd. Business Overview & Revenue Model
Company Description
Viva Energy Group Limited functions as a prominent energy provider with operations spanning Australia, Singapore, and Papua New Guinea. Its operations are structured across three primary segments: Retail, Fuels and Marketing; Refining; and Supply,...
How the Company Makes Money
Viva Energy primarily makes money by selling refined and imported fuel and other petroleum products across multiple channels, with earnings driven by volumes sold and the margin between product selling prices and input costs.
1) Refining and supp...
Viva Energy Group Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
22
Negative
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.06B | 28.53B | 29.99B | 26.74B | 26.43B | 15.87B |
| Gross Profit | 2.75B | 1.79B | 2.95B | 1.34B | 1.69B | 1.04B |
| EBITDA | 1.86B | 940.60M | 625.30M | 564.30M | 1.34B | 923.00M |
| Net Income | 226.30M | -421.10M | -76.30M | 3.80M | 514.30M | 232.90M |
Balance Sheet | ||||||
| Total Assets | 13.52B | 13.40B | 12.13B | 9.08B | 9.31B | 8.02B |
| Cash, Cash Equivalents and Short-Term Investments | 241.80M | 170.50M | 192.70M | 215.50M | 290.50M | 96.70M |
| Total Debt | 5.57B | 9.17B | 5.53B | 3.00B | 2.46B | 2.67B |
| Total Liabilities | 11.66B | 11.97B | 10.23B | 7.07B | 6.95B | 5.91B |
| Stockholders Equity | 1.85B | 1.43B | 1.90B | 2.01B | 2.36B | 2.11B |
Cash Flow | ||||||
| Free Cash Flow | 546.60M | 145.80M | 17.50M | 181.60M | 802.70M | 342.00M |
| Operating Cash Flow | 974.50M | 703.30M | 605.60M | 674.30M | 1.11B | 528.00M |
| Investing Cash Flow | -388.40M | -628.60M | -1.54B | -694.30M | -284.50M | -217.40M |
| Financing Cash Flow | -580.60M | -96.90M | 909.10M | -55.00M | -628.10M | -263.00M |
Viva Energy Group Ltd. Technical Analysis
Neutral
2.53
Price Trends
3.02
Negative
2.66
Positive
2.37
Positive
Market Momentum
-0.02
Positive
28.47
Positive
8.57
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:VEA, the sentiment is Neutral. The current price of 2.53 is below the 20-day moving average (MA) of 3.13, below the 50-day MA of 3.02, and above the 200-day MA of 2.37, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 28.47 is Positive, neither overbought nor oversold. The STOCH value of 8.57 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:VEA.
Viva Energy Group Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$62.84B | 14.41 | 8.55% | 4.93% | -9.52% | -0.68% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | AU$1.18B | 7.13 | 12.15% | 2.54% | -19.58% | -39.27% | |
64 Neutral | AU$29.71B | 28.20 | 4.69% | 3.35% | -8.49% | -31.47% | |
63 Neutral | AU$2.07B | 7.41 | 8.74% | 3.30% | -8.77% | ― | |
62 Neutral | AU$9.44B | 6.38 | 40.64% | 6.18% | 14.94% | ― | |
52 Neutral | AU$4.77B | 20.61 | 13.81% | 4.04% | -2.13% | ― |
* Energy Sector Average
AU:VEA
Viva Energy Group Ltd.
2.89
1.20
71.41%
AU:BPT
Beach Energy
0.91
-0.31
-25.35%
AU:ALD
Ampol Limited
39.63
10.49
36.01%
AU:KAR
Karoon Energy Ltd
1.69
0.10
6.22%
AU:STO
Santos Limited
9.17
2.97
47.83%
AU:WDS
Woodside Energy Group
33.09
9.87
42.51%
Viva Energy Group Ltd. Corporate Events
Viva Energy lifts margins as Geelong refinery recovers and convenience supply chain overhaul completes
Oct 21, 2026
Viva Energy reported a strong third-quarter trading performance, with all divisions contributing and the Geelong refinery recovering as planned from an April fire. Robust regional refining market conditions lifted the Geelong Refining Margin to an...
Perpetual Exits Substantial Holder Status in Viva Energy
Oct 12, 2026
Perpetual Limited and its related entities have notified Viva Energy Group Limited that they have ceased to be a substantial holder in the company as of 8 October 2026. The change, detailed in an accompanying annexure, marks a reduction in Perpetu...
State Street Group Ceases to Be Substantial Holder in Viva Energy
Sep 28, 2026
State Street Corporation and several of its asset management subsidiaries have notified Viva Energy Group Limited that they have ceased to be substantial holders in the company as of 24 September 2026. The change reflects an adjustment in State St...
Australian Retirement Trust Exits Substantial Holder Position in Viva Energy
Sep 22, 2026
Australian Retirement Trust has disclosed that it has ceased to be a substantial holder in Viva Energy Group Limited, according to a notice lodged under the Corporations Act. The change in status, effective 18 September 2026, indicates its voting ...
Viva Energy Updates DRP Pricing for June 2026 Dividend
Sep 15, 2026
Viva Energy Group Ltd., an Australian-listed downstream energy company trading under the ASX code VEA, supplies fuel and related products to domestic commercial and retail markets through its portfolio of ordinary fully paid shares.The company has...
Viva Energy Updates CEO Equity Holdings After 2026 LTIP Grant
Sep 15, 2026
Viva Energy Group has updated the disclosed holdings of Managing Director Scott Wyatt following the award of new performance rights under its 2026 Long Term Incentive Plan. The grant, which was approved by shareholders at the May 2026 annual gener...
Viva Energy Issues Over 2.2 Million Unquoted Performance Rights Under Employee Scheme
Sep 15, 2026
Viva Energy Group Limited, an Australian-listed energy company under ticker VEA, supplies fuel and downstream petroleum products and services to a wide range of domestic customers. It leverages employee incentive schemes, including unquoted perfor...
Viva Energy Announces Lapse of Performance Rights
Sep 15, 2026
Viva Energy Group Limited has notified the market of a change to its issued capital, confirming the cessation of a tranche of performance rights. The affected securities, identified as VEAAB performance rights, are part of the company’s equi...
Viva Energy Director Scott Wyatt Sells Shares to Cover Tax Obligations
Sep 11, 2026
Viva Energy Group Ltd. has disclosed a change in director Scott Wyatt’s interests in company securities, as required under ASX rules. Wyatt holds a substantial stake in ordinary shares, along with performance rights tied to long-term incenti...
State Street Group Ceases to Be Substantial Holder in Viva Energy
Sep 3, 2026
State Street Corporation and several of its global asset management subsidiaries have lodged a notice that they have ceased to be substantial holders in Viva Energy Group. The filing indicates that these entities no longer hold a relevant interest...
Viva Energy Appoints New Director with No Current Equity Interests
Sep 1, 2026
Viva Energy Group Limited has announced the appointment of Sarah (Sally) Jean Martin as a director, effective 1 September 2026, in an update lodged with the ASX. The initial director’s interest notice confirms that Martin currently holds no ...
Viva Energy Stresses Disclaimers in 2026 Half-Year Results Release
Aug 25, 2026
Viva Energy Group Ltd., a Shell-branded licensee, is a major participant in Australia’s downstream fuel and energy market, providing petroleum products and associated services to local consumers and businesses. Its operations combine recogni...
Viva Energy Declares Interim Dividend for Half-Year to June 2026
Aug 25, 2026
Viva Energy Group has declared an ordinary interim dividend of AUD 0.0773 per share for the six months ended 30 June 2026, payable on 30 September 2026 to shareholders on the register as of 7 September 2026. The ex-dividend date is set for 4 Septe...
Viva Energy Swings to Profit and Lifts Interim Dividend on Strong Half-Year
Aug 25, 2026
Viva Energy Group reported a strong turnaround in its half-year results to 30 June 2026, with revenue rising 10.2% to $16.49 billion compared with the prior corresponding period. Net profit after tax swung from a loss of $195.4 million on a histor...
Viva Energy Sets Date for Half-Year 2026 Results Briefing
Aug 17, 2026
Viva Energy Group Ltd. will release its half-year 2026 financial results for the period ended 30 June 2026 to the ASX on 25 August 2026, with Chief Executive Officer Scott Wyatt and Chief Financial Officer Carolyn Pedic scheduled to present the re...
State Street Group Ceases to Be Substantial Holder in Viva Energy
Aug 14, 2026
Viva Energy Group Ltd. has received a formal notice under the Corporations Act that State Street Corporation and a group of its global asset management and custody subsidiaries have ceased to be substantial holders in the company. The change, effe...
State Street Group Ceases to Be Substantial Holder in Viva Energy
Jul 28, 2026
State Street Corporation and several of its global asset management and banking subsidiaries have filed a notice stating they have ceased to be a substantial holder in Viva Energy Group Limited as of 24 July 2026. The change reflects a reduction i...
Viva Energy boosts earnings on strong refining margins and retail growth
Jul 27, 2026
Viva Energy has reported a sharp improvement in first-half 2026 results, with unaudited Group EBITDA (RC) expected at $770–780 million, more than double the prior year, driven by elevated regional refining margins and solid performance acros...
State Street Group Withdraws as Substantial Holder in Viva Energy
Jul 22, 2026
State Street Corporation, through several global asset management and trustee subsidiaries, has lodged a notice that it has ceased to be a substantial holder in Viva Energy Group Ltd. The filing under Australia’s Corporations Act indicates t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.