CTX.AX - Caltex Australia Limited

ASX - ASX Delayed price. Currency in AUD
35.12
-0.07 (-0.20%)
At close: 4:10PM AEDT
Stock chart is not supported by your current browser
Previous close35.19
Open35.30
Bid34.95 x 0
Ask35.30 x 0
Day's range35.12 - 35.35
52-week range20.52 - 35.96
Volume1,050,945
Avg. volume1,011,839
Market cap8.77B
Beta (5Y monthly)0.59
PE ratio (TTM)27.27
EPS (TTM)1.29
Earnings date25 Feb 2020
Forward dividend & yield0.64 (1.82%)
Ex-dividend date09 Sep 2019
1y target est30.75
  • ALL ORDINARIES finishes higher Thursday: 8 ASX shares you missed
    Motley Fool

    ALL ORDINARIES finishes higher Thursday: 8 ASX shares you missed

    The S&P/ASX 200 (Index:^AXJO)(ASX:XJO) and ALL ORDINARIES (Index:^AXAO) (ASX:XAO) finished up on Thursday, here are 8 ASX shares you missed. The post ALL ORDINARIES finishes higher Thursday: 8 ASX shares you missed appeared first on Motley Fool Australia.

  • Caltex opening the books for Couche-Tard
    Australian Associated Press

    Caltex opening the books for Couche-Tard

    Caltex Australia says it will open its books for Canada's Alimentation Couche-Tard as it manoeuvre to get a better price than ACT's $8.6 billion takeover offer.

  • Caltex share price on watch after fourth quarter and takeover updates
    Motley Fool

    Caltex share price on watch after fourth quarter and takeover updates

    The Caltex Australia Limited (ASX:CTX) share price could be on the move today after providing updates on its fourth quarter performance and takeover approach...The post Caltex share price on watch after fourth quarter and takeover updates appeared first on Motley Fool Australia.

  • 5 things to watch on the ASX 200 on Wednesday
    Motley Fool

    5 things to watch on the ASX 200 on Wednesday

    Caltex Australia Limited (ASX:CTX), Oil Search Limited (ASX:OSH), and Saracen Mineral Holdings Limited (ASX:SAR) shares will be on watch on the ASX 200 on Wednesday...The post 5 things to watch on the ASX 200 on Wednesday appeared first on Motley Fool Australia.

  • Australian M&A Heats Up in Busy New Year for Dealmakers
    Bloomberg

    Australian M&A Heats Up in Busy New Year for Dealmakers

    (Bloomberg) -- It’s been a busy New Year for Australian dealmaking, with mergers and acquisitions activity heating up just after bankers returned from their Christmas holidays.Australian companies have already announced A$930 million ($640 million) of transactions this year, up 58% from the same period in 2019. That’s not counting the latest purchase by Macquarie Group Ltd.’s infrastructure arm, which signed a deal last week to take over A$3 billion data center operator AirTrunk, Bloomberg News has reported.The AirTrunk deal, when officially unveiled, could make this the busiest first half of January in at least three years, according to data compiled by Bloomberg. In 2019, it wasn’t until the end of January that Healthscope Ltd. announced the year’s first big transaction with its A$4.4 billion sale to Brookfield Asset Management Inc.Buyout firms have a lot of cash to deploy, which could also keep the dealmaking momentum in Australia strong this year, according to Nick Brown, a Sydney-based managing director at UBS Group AG.“Private equity and superannuation funds continue to chase any assets which have defensive or infrastructure-like characteristics,” Brown said in a phone interview. “Valuations are high and capital is available. You put those things together and that makes for conducive M&A conditions.”More deals are in the pipeline. Last week, A$8.9 billion fuel station operator Caltex Australia Ltd. confirmed a Bloomberg News report it had received interest from the U.K.’s EG Group.That could set up a takeover battle with Canadian convenience-store giant Alimentation Couche-Tard Inc., which is considering its next move after Caltex rejected an earlier offer. Any sale of Caltex would be the biggest foreign acquisition of a listed Australian company in more than two years.More major dealmaking is currently afoot that could boost the busy start further yet. Final bids were slated to be due for credit checking company Illion that could be worth as much as A$1.2 billion, while educational resources company Modern Star has asked for fresh bids that could value it at as much as A$750 million, the Australian Financial Review has reported.(Adds comment from the fourth paragraph)\--With assistance from Angus Whitley and Amy Thomson.To contact the reporter on this story: Harry Brumpton in Sydney at hbrumpton@bloomberg.netTo contact the editors responsible for this story: Fion Li at fli59@bloomberg.net, Ben ScentFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • ALL ORDINARIES finishes lower Wednesday: 8 ASX shares you missed
    Motley Fool

    ALL ORDINARIES finishes lower Wednesday: 8 ASX shares you missed

    The S&P/ASX 200 (Index:^AXJO)(ASX:XJO) and ALL ORDINARIES (Index:^AXAO) (ASX:XAO) finished down on Wednesday, here are 8 ASX shares you missed.The post ALL ORDINARIES finishes lower Wednesday: 8 ASX shares you missed appeared first on Motley Fool Australia.

  • Caltex share price higher after responding to takeover speculation
    Motley Fool

    Caltex share price higher after responding to takeover speculation

    The Caltex Australia Limited (ASX:CTX) share price is pushing higher on Wednesday after responding to takeover speculation...The post Caltex share price higher after responding to takeover speculation appeared first on Motley Fool Australia.

  • Caltex dealing with multiple suitors
    Australian Associated Press

    Caltex dealing with multiple suitors

    Caltex Australia says it has received interest from a number of parties about a takeover offer, but no one other than Couche-Tard has made a formal proposal.

  • U.K. Gas-Station Billionaires Weigh Biggest-Ever Deal in Caltex
    Bloomberg

    U.K. Gas-Station Billionaires Weigh Biggest-Ever Deal in Caltex

    (Bloomberg) -- Britain’s billionaire Issa brothers built one of the world’s largest independent gas station chains through a series of debt-fueled purchases. Now they’re weighing their biggest-ever acquisition.EG Group, the U.K. company led by Mohsin and Zuber Issa, is working with a financial adviser as it evaluates making a bid for Caltex Australia Ltd., people with knowledge of the matter said. Any offer for the $6 billion company could start a takeover battle with Canadian convenience-store giant Alimentation Couche-Tard Inc., whose initial bid for Caltex was rejected.Caltex confirmed in a statement Wednesday that it had been approached by “a number of parties, including EG Group, who have indicated that they are potentially interested in making a proposal to acquire Caltex or some of its assets.”Caltex said, however, that it has not received an offer beyond the existing proposal from Couche-Tard, and there is no certainty that any binding proposal will be ultimately made. EG Group’s string of deals has turned the closely held company into a global giant with about 5,000 fuel station and convenience store sites across Europe, North America and Australia. The Issas have come a long way from their humble origins in 2001, when they bought a single gas station in an old mill town outside Manchester.Ratings agencies have raised concerns about the pace of acquisitions, with Moody’s Investors Service warning in August that realizing synergies will be important given the high prices EG Group paid. The company’s high leverage means that its current credit rating won’t support more debt-funded acquisitions until there is “clear evidence” of achieving cost-saving targets, Fitch Ratings wrote in December.EG Group has about 7.3 billion pounds ($9.6 billion) equivalent of debt, according to data compiled by Bloomberg.Cumberland FarmsIn less than three years, EG Group has been transformed from a “small, entrepreneurial group” into a major global fuel and retail operator, according to Fitch. While EG Group has a track record of swiftly integrating acquisitions, it has needed needed to improve the way it oversees the wider company, it said.Buying Caltex would bring a network of about 2,000 sites across Australia. Caltex last month rejected Couche-Tard’s latest offer of A$8.6 billion ($5.9 billion) as too low, saying it undervalued the Sydney-based company.Couche-Tard, which owns the Circle K chain, had already raised the bid to A$34.50 per share in cash from its original proposal of A$32. Still, Caltex left the door open to a deal, saying it would give its Canadian suitor access to select non-public information to allow it to improve its offer.EG Group, whose backers include TDR Capital, hasn’t made a final decision on whether to bid for Caltex, and there’s no certainty it will proceed with a firm offer, the people said. A representative for EG Group declined to comment.EG Group was formed in 2016 when Euro Garages, run by the Issas, merged with TDR’s European Forecourt Retail Group. The U.K. company agreed in July to buy Cumberland Farms, gaining 600 locations in a deal that made it the fifth-largest independent convenience store operator in the U.S.Takeaway FoodThe company last year completed the A$1.73 billion purchase of 540 Australian fuel convenience sites from Woolworths Group Ltd. In 2018, EG Group spent $2.15 billion to acquire Kroger Co.’s U.S. convenience store business.EG Group’s increasing scale and geographical diversification are important at a time when motorists are gravitating toward electric cars and other gas-saving technologies.The company has focused on the higher-margin convenience store side of its operations, along with takeaway food, as the volume of fuel sales declines. EG Group has partnerships with brands including Burger King, KFC, Starbucks and Subway to run franchises at its gas stations.A proposed listing could also give EG Group more capital to expand. The company is considering an initial public offering that could value it at more than 10 billion pounds, people with knowledge of the matter said in October. It has been in early discussions with banks, though no formal mandates have been awarded, according to the people.(adds Caltex comments in 3rd and 4th paragraphs)\--With assistance from Rob Verdonck.To contact the reporters on this story: Harry Brumpton in Sydney at hbrumpton@bloomberg.net;Dinesh Nair in London at dnair5@bloomberg.net;Laura Benitez in London at lbenitez1@bloomberg.netTo contact the editors responsible for this story: Ben Scent at bscent@bloomberg.net, ;Fion Li at fli59@bloomberg.net, ;Vivianne Rodrigues at vrodrigues3@bloomberg.net, Amanda JordanFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • ASX 200 lunch update: Caltex, CBA, & Domino’s higher
    Motley Fool

    ASX 200 lunch update: Caltex, CBA, & Domino’s higher

    Caltex Australia Limited (ASX:CTX), Commonwealth Bank of Australia (ASX:CBA), and Domino's Pizza Enterprises Ltd (ASX:DMP) shares are making waves on the ASX 200 on Tuesday...The post ASX 200 lunch update: Caltex, CBA, & Domino's higher appeared first on Motley Fool Australia.

  • Caltex share price on watch as takeover rumours swirl
    Motley Fool

    Caltex share price on watch as takeover rumours swirl

    The Caltex Australia Limited (ASX:CTX) share price could be on the move today after reports claimed that a bidding war was brewing...The post Caltex share price on watch as takeover rumours swirl appeared first on Motley Fool Australia.

  • 5 things to watch on the ASX 200 on Tuesday
    Motley Fool

    5 things to watch on the ASX 200 on Tuesday

    Caltex Australia Limited (ASX:CTX), Domino's Pizza Enterprises Ltd (ASX:DMP), and Evolution Mining Ltd (ASX:EVN) shares will be on watch on the ASX 200 on Tuesday...The post 5 things to watch on the ASX 200 on Tuesday appeared first on Motley Fool Australia.

  • 4 of the biggest news pieces from the ASX200 this week
    Motley Fool

    4 of the biggest news pieces from the ASX200 this week

    These were 4 of the biggest news items from the ASX 200 (ASX:XJO) this week. Read how this affected these individual companies.The post 4 of the biggest news pieces from the ASX200 this week appeared first on Motley Fool Australia.

  • Caltex share price lower after announcing a rebrand to Ampol
    Motley Fool

    Caltex share price lower after announcing a rebrand to Ampol

    Caltex Australia Limited (ASX:CTX) has lost the rights to the Caltex name in Australia and will rebrand to Ampol. Here's what you need to know...The post Caltex share price lower after announcing a rebrand to Ampol appeared first on Motley Fool Australia.

  • It was an eventful November for the Caltex share price
    Motley Fool

    It was an eventful November for the Caltex share price

    Australian-listed fuel retailer and refiner Caltex Australia Limited (ASX: CTX) had a large re-rate in November thanks to a few key announcements towards the end of the month.The post It was an eventful November for the Caltex share price appeared first on Motley Fool Australia.

  • ALL ORDINARIES finishes lower Tuesday: 8 ASX shares you missed
    Motley Fool

    ALL ORDINARIES finishes lower Tuesday: 8 ASX shares you missed

    The S&P/ASX 200 (Index:^AXJO)(ASX:XJO) and ALL ORDINARIES (Index:^AXAO) (ASX:XAO) finished lower on Tuesday, here are 8 ASX shares you missed.The post ALL ORDINARIES finishes lower Tuesday: 8 ASX shares you missed appeared first on Motley Fool Australia.

  • ASX 200 lunch update: Caltex & WiseTech lower, Western Areas rises
    Motley Fool

    ASX 200 lunch update: Caltex & WiseTech lower, Western Areas rises

    Caltex Australia Limited (ASX:CTX), Western Areas Ltd (ASX:WSA), and WiseTech Global Ltd (ASX:WTC) shares are making waves on the ASX 200 on Tuesday...The post ASX 200 lunch update: Caltex & WiseTech lower, Western Areas rises appeared first on Motley Fool Australia.

  • Caltex share price tumbles after rejecting takeover proposal
    Motley Fool

    Caltex share price tumbles after rejecting takeover proposal

    The Caltex Australia Limited (ASX:CTX) share price is tumbling lower on Tuesday after it rejected a takeover approach from Alimentation Couche-Tard...The post Caltex share price tumbles after rejecting takeover proposal appeared first on Motley Fool Australia.

  • These were the best-performing ASX 200 shares in November
    Motley Fool

    These were the best-performing ASX 200 shares in November

    The Bravura Solutions Ltd (ASX:BVS) share price and the Caltex Australia Limited (ASX:CTX) share price were amongst the best performers on the ASX 200 in November...The post These were the best-performing ASX 200 shares in November appeared first on Motley Fool Australia.