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Employees: 167
Size Karoon Energy (KAR.AX) is an Australia Energy company (Oil & Gas Production) with a market value of $763M, the 215th largest of 316 Australia companies the cockpit tracks. Shares closed at A$1.58 on 6 Nov 2026.
Performance Over six months the shares fell 23.3%, against -16.8% for the median peer and +4.1% for the Australia market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 19.6% over the last twelve months (peer median +5.7%); the operating margin is 27.6% (peer median 16.6%).
Valuation It trades at 4.6× forward earnings against a peer median of 9.6× (3rd cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -10% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is -33 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.3 points above its cost of capital (6.4% WACC).
Credit Karoon Energy has 1 bond outstanding ($350M), rated B+ by the agencies and trading like B+ at a weighted spread of 567 bp.
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | A$837M | A$975M | A$1.18B | A$1.24B | A$531M |
| Revenue growth | — | -17% | -5% | +134% | — |
| Gross profit | A$301M | A$343M | A$552M | A$727M | A$258M |
| EBITDA | A$448M | A$527M | A$792M | A$935M | A$365M |
| Net income | A$121M | A$195M | A$193M | A$369M | -A$88.9M |
| Free cash flow | A$102M | -A$20.3M | A$485M | -A$635M | A$55.4M |
| Capital expenditure | A$278M | A$447M | A$335M | A$1.10B | A$149M |
| Total debt | n/a | A$508M | A$826M | A$716M | A$460M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | KAR.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | 0.0% | -10.5% | 3rd highest of 21 |
| 6-month return | -23.3% | -16.8% | 4th lowest of 21 |
| Distance from 52-week high | -30.1% | -29.4% | 10th lowest of 21 |
| Revenue growth (TTM) | -19.6% | +5.7% | 4th lowest of 20 |
| Operating margin | 27.6% | 16.6% | 2nd highest of 20 |
| Forward P/E | 4.6× | 9.6× | 3rd cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -10.4% | -6.3% | 5th least demanding of 12 |
| Growth delivered (Del g) | +22.5% | +20.8% | 5th highest of 11 |
| Hurdle (Req g minus delivered) | -32.9 pp | -23.2 pp | 4th least demanding of 11 |
| ROIC minus cost of capital | +2.3 pp | -0.2 pp | 8th highest of 19 |
| EV / EBITDA | 3.3× | 3.7× | 6th cheapest of 17 |
| Net debt / EBITDA | 0.8× | 1.1× | 7th least indebted of 18 |
| Bond spread | 567 bp | 380 bp | widest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Karoon Energy KAR.AX | Australia | $763M | -23% | -20% | 28% | 4.6× | -10.4% | +22.5% |
| BW Offshore BWO.OL | Norway | $747M | -25% | -17% | 23% | 8.5× | 5.5% | -8.7% |
| Surge Energy SGY.TO | Canada | $730M | +7% | +3% | 27% | 6.1× | -6.3% | +20.2% |
| Tong Petrotech 300164.SZ | China | $705M | -41% | -12% | -5% | n/a | n/a | n/a |
| Granite Ridge Resources GRNT | United States | $698M | +6% | +15% | 21% | 5.3× | n/a | n/a |
| EnQuest ENQ.L | United Kingdom | $671M | +40% | +3% | 17% | 8.9× | -9.1% | +3.8% |
| Obsidian Energy OBE.TO | Canada | $653M | -21% | -22% | 22% | 4.1× | n/a | n/a |
| Diversified Energy DEC | United States | $899M | -19% | +109% | 15% | 2.1× | -0.5% | +32.3% |
| HighPeak Energy HPK | United States | $903M | +23% | -13% | 16% | 24.6× | n/a | n/a |
| Meren Energy MER.TO | Canada | $921M | -19% | +388% | 22% | 5.8× | -16.4% | n/a |
| Vitesse Energy VTS | United States | $623M | -17% | +11% | 12% | 42.9× | 13.4% | +21.5% |
| Rockhopper Exploration RKH.L | United Kingdom | $937M | -18% | n/a | n/a | n/a | n/a | n/a |
| GeoPark GPRK | United States | $613M | +1% | -5% | 24% | 9.8× | n/a | n/a |
| VAALCO Energy EGY | United States | $566M | -4% | -25% | 9% | 18.9× | n/a | n/a |
| Gulf Keystone Petroleum GKP.L | United Kingdom | $557M | +1% | +6% | 8% | 9.5× | n/a | n/a |
| Valeura Energy VLE.TO | Canada | $1.07B | +11% | +6% | 17% | 9.9× | -17.3% | +141.2% |
| Tenaz Energy TNZ.TO | Canada | $1.13B | -21% | +381% | 16% | 11.9× | 17.7% | +103.4% |
| Oriental Energy 002221.SZ | China | $1.17B | -36% | -22% | 3% | 15.2× | n/a | n/a |
| Serica Energy SER.L | United Kingdom | $1.20B | -17% | +64% | 23% | 12.6× | -13.0% | +29.4% |
| W&T Offshore WTI | United States | $479M | -17% | +20% | 5% | 498.4× | 3.9% | +7.7% |
| SandRidge Energy SD | United States | $463M | -13% | +30% | 42% | 5.9× | -12.8% | +7.0% |
Karoon Energy has 1 bond outstanding with $350M face value. The agencies rate it B+; its bonds trade like B+. Weighted yield 10.05%, a spread of 567 bp over government bonds.