Viva Energy Group Ltd. (AU:VEA)
ASX:VEA
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Viva Energy Group Ltd.
(Sydney:VEA)
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Rating:47Neutral
Price Target:
AU$2.50
â–²(0.81% Upside)
Action:ReiteratedDate:03/21/26
The score is held down primarily by deteriorating profitability and a significantly weakened balance sheet with sharply higher leverage and falling equity. Technicals are supportive (price above key moving averages and positive MACD) but show signs of being overextended (high RSI/Stoch). Valuation is mixed, with losses (negative P/E) offset only modestly by a mid-level dividend yield.
Positive Factors
Cash generation resilience
Consistent positive operating cash flow and a 2025 free cash flow rebound provide durable internal liquidity even as earnings were weak. This cash conversion supports near-term capex, working capital and debt servicing, giving management time and options to repair leverage without immediate external financing.
Negative Factors
Elevated leverage
Rapidly rising leverage materially reduces financial flexibility and raises refinancing and covenant risks. High debt amplifies earnings volatility impact, constrains capital allocation, and limits the company's ability to invest in growth or buffer shocks, making recovery from cyclical downdrafts more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation resilience
Consistent positive operating cash flow and a 2025 free cash flow rebound provide durable internal liquidity even as earnings were weak. This cash conversion supports near-term capex, working capital and debt servicing, giving management time and options to repair leverage without immediate external financing.
Read all positive factors
Viva Energy Group Ltd. (VEA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$4.03B
Dividend Yield3.21%
Average Volume (3M)3.95M
Price to Earnings (P/E)―
Beta (1Y)0.45
Revenue Growth8.16%
EPS Growth-311.36%
CountryAU
Employees15,201
SectorEnergy
Sector Strength52
IndustryOil & Gas Refining & Marketing
Share Statistics
EPS (TTM)0.08
Shares Outstanding1,627,727,400
10 Day Avg. Volume2,886,009
30 Day Avg. Volume3,951,103
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$2.43Price Target Upside-1.95% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)0.25
Revenue Forecast (FY)AU$27.87B
Viva Energy Group Ltd. Business Overview & Revenue Model
Company Description
Viva Energy Group Limited operates as an energy company in Australia, Singapore, and Papua New Guinea. It operates through three segments: Retail, Fuels and Marketing; Refining; and Supply, Corporate and Overheads. The Retail, Fuels and Marketing ...
How the Company Makes Money
Viva Energy makes money mainly by producing, sourcing, and selling refined petroleum products (and related energy products) across wholesale, commercial, and retail channels. Key revenue streams include: (1) Refining and supply/wholesale fuel sale...
Viva Energy Group Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
22
Negative
Cash Flow
56
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 28.53B | 29.99B | 26.74B | 26.43B | 15.87B |
| Gross Profit | 1.79B | 2.95B | 1.34B | 1.69B | 1.04B |
| EBITDA | 940.60M | 625.30M | 562.40M | 1.34B | 923.00M |
| Net Income | -421.10M | -76.30M | 3.80M | 514.30M | 232.90M |
Balance Sheet | |||||
| Total Assets | 13.40B | 12.13B | 9.08B | 9.31B | 8.02B |
| Cash, Cash Equivalents and Short-Term Investments | 170.50M | 192.70M | 215.50M | 290.50M | 96.70M |
| Total Debt | 9.17B | 5.53B | 3.00B | 2.46B | 2.67B |
| Total Liabilities | 11.97B | 10.23B | 7.07B | 6.95B | 5.91B |
| Stockholders Equity | 1.43B | 1.90B | 2.01B | 2.36B | 2.11B |
Cash Flow | |||||
| Free Cash Flow | 145.80M | 17.50M | 181.60M | 802.70M | 342.00M |
| Operating Cash Flow | 703.30M | 605.60M | 674.30M | 1.11B | 528.00M |
| Investing Cash Flow | -628.60M | -1.54B | -694.30M | -284.50M | -217.40M |
| Financing Cash Flow | -96.90M | 909.10M | -55.00M | -628.10M | -263.00M |
Viva Energy Group Ltd. Technical Analysis
Positive
2.48
Price Trends
1.94
Positive
1.97
Positive
1.97
Positive
Market Momentum
0.16
Negative
69.95
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:VEA, the sentiment is Positive. The current price of 2.48 is above the 20-day moving average (MA) of 2.14, above the 50-day MA of 1.94, and above the 200-day MA of 1.97, indicating a bullish trend. The MACD of 0.16 indicates Negative momentum. The RSI at 69.95 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | AU$21.39B | 8.87 | 15.06% | 5.30% | 6.48% | 6.25% | |
72 Outperform | AU$65.46B | 10.61 | 7.67% | 7.16% | 17.13% | 61.35% | |
68 Neutral | AU$2.90B | 4.48 | -3.66% | 7.72% | 17.16% | 90.79% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | AU$25.76B | 15.76 | 5.26% | 6.00% | -5.81% | -17.90% | |
56 Neutral | AU$8.05B | 92.34 | 2.68% | 1.40% | -15.39% | -119.57% | |
47 Neutral | AU$4.03B | -7.78 | -27.20% | 3.21% | 8.16% | -311.36% |
* Energy Sector Average
AU:VEA
Viva Energy Group Ltd.
2.48
0.83
50.39%
AU:BPT
Beach Energy
1.28
-0.08
-5.83%
AU:ALD
Ampol Limited
33.79
11.12
49.06%
AU:ORG
Origin Energy Limited
12.46
2.43
24.24%
AU:STO
Santos Limited
7.95
1.60
25.12%
AU:WDS
Woodside Energy Group
34.47
12.92
59.98%
Viva Energy Group Ltd. Corporate Events
Viva Energy Sets DRP Price and Key Dates for Half-Year Dividend
Mar 23, 2026
Viva Energy Group Ltd., the ASX-listed downstream energy and fuels supplier trading under ticker VEA, has provided an update regarding its ordinary fully paid shares and related corporate actions. The company’s announcement concerns its divi...
Viva Energy Flags Lapse of 2.23 Million Performance Rights
Mar 23, 2026
Viva Energy Group Ltd. has notified the market that 2,232,585 performance rights, classified under the ASX code VEAAB, have ceased. The rights lapsed because the conditions attached to these securities were not met or could no longer be satisfied ...
Viva Energy Reports Lapse of Deferred Share Rights and Adjusts Issued Capital
Mar 23, 2026
Viva Energy Group has disclosed the lapse of 18,247 deferred share rights, which have ceased because the conditions attached to these rights were not met or became incapable of being satisfied. The cessation, formally notified to the ASX, reflects...
Viva Energy issues over 1.19 million deferred share rights under employee scheme
Mar 23, 2026
Viva Energy Group Ltd. has notified the market of the issue of 1,190,619 unquoted deferred share rights under its employee incentive scheme. The new securities, which are not intended to be quoted on the ASX, were issued on 23 March 2026 and form ...
Viva Energy Issues 160,476 New Ordinary Shares After Convertible Securities Exercise
Mar 23, 2026
Viva Energy Group Ltd. has notified the market of the issue of 160,476 new ordinary fully paid shares following the conversion or exercise of previously unquoted securities. The new shares, listed under the ASX code VEA and issued on 23 March 2026...
Viva Energy Lists Over 2 Million New Ordinary Shares on ASX
Mar 23, 2026
Viva Energy Group Ltd., the ASX‑listed Australian fuel and energy supplier, has reported the issue of 2,075,448 new fully paid ordinary shares for quotation on the Australian Securities Exchange. The move marginally increases the companyR...
Viva Energy Gains Extended Federal Backing for Geelong Refinery and Fuel Security
Mar 19, 2026
Viva Energy Group has welcomed a Federal Government decision to update and extend the Fuel Security Services Payment for its Geelong Refinery, reinforcing support for Australia’s remaining domestic refining capacity through to the end of the...
Viva Energy Sets Date and Nomination Deadline for 2026 AGM
Mar 18, 2026
Viva Energy Group Ltd. has scheduled its 2026 Annual General Meeting for Thursday, 21 May 2026, setting 30 March 2026 as the closing date for director nomination submissions. The meeting timetable signals the start of the company’s annual go...
Viva Energy to Release 25.3 Million Escrowed Shares After OTR Deal
Mar 18, 2026
Viva Energy Group will release 25,320,729 fully paid ordinary shares from voluntary escrow on 28 March 2026, following their issue in March 2024 to SEPL Pty Ltd as part of the consideration for acquiring the OTR Group. The end of this 24‑mon...
Citi Group Entities Exit Substantial Holder Status in Viva Energy
Mar 17, 2026
Citigroup Global Markets Australia and related Citi entities have notified Viva Energy Group that they have ceased to be a substantial shareholder as of 13 March 2026. The change reflects a series of adjustments in relevant interests across multip...
Viva Energy issues disclaimer-heavy notice alongside 2025 results
Feb 23, 2026
Viva Energy Group Limited released a document relating to its full-year 2025 results, but the text provided consists almost entirely of standard legal and investor disclaimers rather than financial or operational data. The company emphasises that ...
Viva Energy Releases 2025 Corporate Governance Statement and Appendix 4G
Feb 23, 2026
Viva Energy Group Ltd. has released its 2025 Corporate Governance Statement and Appendix 4G, as authorised by the company’s Board. The publication of these documents provides transparency on the company’s governance practices and compl...
Viva Energy Lifts Second-Half Earnings as Retail Integration and Refining Strength Take Hold
Feb 23, 2026
Viva Energy reported FY2025 EBITDA of $700.9 million, with a strong second half driven by improved refining and retail fuel margins, record Commercial Industrial sales volumes and better performance in Convenience Mobility as acquisition synergi...
Viva Energy Declares Interim Dividend for December 2025 Half-Year
Feb 23, 2026
Viva Energy Group Ltd. has declared an ordinary dividend of AUD 0.0394 per fully paid share, relating to the six-month period ended 31 December 2025, with an ex-dividend date of 12 March 2026 and a record date of 13 March 2026. The dividend will b...
Viva Energy Posts 2025 Loss on Historical Cost but Maintains Dividends
Feb 23, 2026
Viva Energy Group Limited has reported its preliminary full-year 2025 results, showing revenue of $28.53 billion, down 1.1% from 2024. On a historical cost basis, the company swung to a net loss after tax of $421.1 million, compared with a $76.3 m...
Viva Energy taps retail veteran Teresa Rendo to lead convenience and mobility push
Feb 4, 2026
The company named Teresa Rendo, a veteran of major Australian retailers including The Just Group, BIG W, and Woolworths, as Chief Executive Officer of its Convenience and Mobility division effective July 2026 after relocating to Adelaide. The appo...
Viva Energy Lifts Volumes and Margins as Geelong Refinery Upgrade and OTR Rollout Offset Convenience Headwinds
Jan 29, 2026
Viva Energy reported a modest 1.1% rise in total group sales volumes for the fourth quarter of 2025, with growth in Commercial Industrial fuels, particularly aviation, offsetting weaker marine demand and disruptions in the Convenience Mobility s...
Viva Energy Names Sarah Ryan as Next Chair and Adds Alistair Bell in Board Renewal
Jan 18, 2026
Viva Energy has announced a major step in its board renewal program, with long‑serving Chair Robert Hill AC to retire on 1 March 2026 after a decade on the board, and current director Dr Sarah Ryan appointed Chair‑elect. Ryan, a former...
L1 Capital Ceases to Be Substantial Holder in Viva Energy
Jan 13, 2026
Viva Energy Group Limited has disclosed that investment firm L1 Capital Pty Ltd has ceased to be a substantial shareholder in the company, in accordance with Australian Corporations Act requirements. The notice, lodged via a Form 605 and signed by...
L1 Capital Ceases to Be Substantial Holder in Viva Energy
Jan 13, 2026
Viva Energy Group Limited has disclosed that investment firm L1 Capital Pty Ltd has ceased to be a substantial shareholder in the company, in accordance with Australian Corporations Act requirements. The notice, lodged via a Form 605 and signed by...
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.