Ampol Ltd

ALD: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$81.00	Vprmb	Cvfckshn

Ampol: Weaker Refined Fuel Earnings With International Markets Well-Supplied

Mark Taylor

Jul 25, 2024

No-moat Ampol guides to lower-than-expected unaudited first-half 2024 EBIT of AUD 500 million-AUD 510 million, down around 13% on the previous corresponding period. This is considerably lower than our expectations and we reduce our 2024 earnings per share forecast by 28% to AUD 2.70. This assumes AUD 506 million EBIT in the first half and AUD 638 million in the second.

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