Origin Energy Ltd

ASX: ORG · Utilities · Diversified

A$10.62
At close 24 Jul 2026
Market cap
A$18.3B
P/E (trailing)
12.4
EPS (FY25)
$0.86
Dividend / share
$0.58
52-week range
Intrinsic value
A$0.18

Share price

ASX: ORG · AUD

Fair-value estimate per share, updated 26 Jul 2026

A$0.18 Our discounted cash flow estimate

Well above fair value Trading at 59.0× the estimate. The market is pricing growth or risk that historical figures don't capture.

Discounted cash flow
A$0.18
EPS growth model
Not available
P/E multiple
Not available

See how each estimate is built and why the missing models bailed →

Revenue

As reported · financial years

6.1% 1y 3.0% 5y p.a. 1.7% 10y p.a.

Earnings per share

Diluted · as reported

Profit margins

Gross, operating and net margin by financial year

Good Net margin of 8.7% in FY25: solid profitability for most industries.

Shares outstanding

Diluted · falling means buybacks, rising means dilution

Stable -0.4% year-on-year, +3.1% a year over 10 years: a gradual share increase over time.

Working-capital days

Days of revenue sitting in receivables (DSO) and days of cost sitting in inventory (DIO)

Steady collections DSO of 70 days vs a 63-day norm: collection times are in line with the historical norm.

Financial health

Latest financial year (FY25)

Return on equity
14.9%
Good
Current ratio
1.15
Comfortable
Debt to equity
0.49
Conservative
Interest coverage
6.2×
Strong

Verdicts are graded against what's normal for the sector (Utilities), not a one-size-fits-all bar. Hover a tile for the reasoning.

Dividends per share

Full dividend history →

Per financial year, as reported in the accounts

Typical for the ASX 67% of FY25 earnings paid out: in line with the franking-driven payout culture of large Australian companies.

Free cash flow

Cash from operations minus capital spending: what the DCF model projects from

Cash-burning FY25 free cash flow was negative: free cash flow is negative despite reported profits.

Net debt

Borrowings and leases minus cash: the line shows how many years of operating profit (EBIT) would clear it

Typical for the sector Net debt of $4.7B is 4.8× FY25 operating profit: normal gearing for a capital-intensive business.

Five-year snapshot

Figures as reported in the company's filings

Metric FY21FY22FY23FY24FY25
Revenue $11.9B $14.4B $16.4B $16.1B $17.1B
Net profit $-2.3B $-1.4B $1.1B $1.4B $1.5B
EPS (diluted) $-1.30 $-0.81 $0.61 $0.81 $0.86
Dividend / share $0.19 $0.18 $0.33 $0.47 $0.58
Net margin -19.2% -9.9% 6.4% 8.7% 8.6%

What does Origin Energy (ORG) do?

Origin Energy operates as an energy supplier spanning the full chain from fuel extraction through to household delivery, active both domestically and abroad. Upstream, it explores for and extracts natural gas, with exploration and production interests located in the Beetaloo region of the Northern Territory, the Browse area off Western Australia, and the Bowen and Surat basins of Queensland. It also generates power from a mix of sources, including coal, wind, pumped hydro and solar, and buys and sells both electricity and gas at wholesale and retail levels.

Beyond electricity and gas, the company trades liquefied natural gas internationally and supplies liquefied petroleum gas to households and businesses, and offers renewable-sourced electricity and gas options through its own green energy programs. It also equips homes with hot water systems along with heating and cooling appliances. Operationally, the business is organized into three divisions: Energy Markets, Integrated Gas, and Corporate. Established in 1946 and headquartered in Barangaroo, it is led by chief executive Frank G. Calabria, employs roughly 5,000 people full-time, and has traded on the ASX since 1999.

Common questions about ORG

Is ORG undervalued right now? +

Our discounted cash flow estimate puts Origin Energy Ltd's fair value at A$0.18 per share against a price of A$10.62, 5,800.0% above the estimate as at 26 Jul 2026. Model estimates are a starting point, not advice. See the full valuation breakdown.

Does ORG pay a dividend? +

Origin Energy Ltd paid $0.58 per share in its most recent financial year with a recorded dividend. The dividend history chart above shows the full payout record.

How fast is ORG growing? +

Revenue has compounded at 3.0% a year over the last five financial years, and 1.7% a year over ten.

What is ORG's P/E ratio? +

Origin Energy Ltd trades on a trailing price-to-earnings ratio of 12.4, based on diluted earnings of $0.86 per share in FY25.

Compare ORG with peers

How has Origin Energy (ASX: ORG) performed financially, and what do valuation models say it is worth?

Origin Energy, a diversified utility, has grown revenue from $11.9B in FY2016 to $17.1B in FY2025, though the trajectory has not been steady — sales dipped to $11.9B in FY2021 before rebounding to $16.4B in FY2023 and on to $17.1B in FY2025. Net income has swung considerably across the decade, from losses of $628M in FY2016, $2.2B in FY2017 and $2.3B in FY2021, to profits of $1.1B in FY2023, $1.4B in FY2024 and $1.5B in FY2025 — the strongest annual profit across the reported years. Diluted earnings per share followed the same arc, moving from -$1.30 in FY2021 to $0.86 in FY2025.

Profitability, measured by operating income margin, recovered from a loss-making -2.6% in FY2022 to 5.9% in FY2024 and 5.7% in FY2025, while the net income margin reached 8.7% in FY2024, its highest level in the ten years covered, before easing slightly to 8.6% in FY2025. As of 3 July 2026 shares traded at $10.36. The valuation models, updated as of 5 July 2026, place the DCF-estimated fair value at $0.18, a figure that sits well below the recent trading price.

AI-assisted analysis generated from Craytheon's verified financial data · Updated 5 Jul 2026 · How this works

Data is general information only, not financial advice. Figures are as reported in company filings (some ASX companies report in USD); share prices are AUD.