Strike Energy (ASX:STX) 5-Year Yield-on-Cost % : 0.00 (As of May. 23, 2024)

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What is Strike Energy 5-Year Yield-on-Cost %?

Strike Energy's yield on cost for the quarter that ended in Dec. 2023 was 0.00.

The historical rank and industry rank for Strike Energy's 5-Year Yield-on-Cost % or its related term are showing as below:

ASX:STX's 5-Year Yield-on-Cost % is not ranked ^*
in the Oil & Gas industry.
Industry Median: 4.75
* Ranked among companies with meaningful 5-Year Yield-on-Cost % only.

Competitive Comparison of Strike Energy's 5-Year Yield-on-Cost %

For the Oil & Gas E&P subindustry, Strike Energy's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Strike Energy's 5-Year Yield-on-Cost % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Strike Energy's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Strike Energy's 5-Year Yield-on-Cost % falls into.

Strike Energy 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Strike Energy is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Strike Energy (ASX:STX) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.

Strike Energy 5-Year Yield-on-Cost % Related Terms

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Strike Energy (ASX:STX) Business Description

Industry

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Traded in Other Exchanges

STKKF:USA RJN:Germany

Address

40 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.strikeenergy.com.au

Strike is operator across all 3,000 square kilometers of its Perth Basin acreage and has grown its net gas reserve and resource position to become the largest in the basin at 1,022 PJ. It has also achieved first production from its Walyering gas field. Walyering's intended 33 terajoules/d of gross production will generate material cash flows albeit to short five years life. The cash will regardless be useful for the undertaking additional projects with Strike targeting up to four gas fields being online by the end of 2026. In addition to Walyering, these include South Erregulla, West Erregulla and Ocean Hill. The more ambitious Project Haber, Strike's proposed multibillion dollar 1.4 million metric tons per year urea manufacturing facility, is now on the backburner.