General Information

Ethane Pipeline Income Fund
EPX
http://www.ethanepipeline.com.au
Gas Utilities
130
69

Current Price Data+

Current Price $1.880
Open $1.885
High $1.885
Low $1.880
Last Close $1.880
Volume 24745
Price Movement - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Stock Price

Current Broker Consensus Recommendation

Strong Buy
17 Feb 2015

Company Overview

Business Description

Ethane Pipeline Income Fund (EPX) is engaged in an investment in the Moomba to Sydney Ethane Gas Pipeline infrastructure in Australia through its wholly owned subsidiary, Gorodok Pty Limited. EPX comprises two stapled trusts which are Ethane Pipeline Income Trust and Ethane Pipeline Income Financing Trust. The responsible entity of the fund is APA Ethane Limited.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2015 A 4.3 3.2 -27.9% 47.8 13.0 8.5% 77.0%
2014 A 5.1 4.4 -61.5% 34.5 12.7 8.3% 76.7%
2013 A 8.0 11.5 35.7% 16.3 15.4 8.2% 57.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2013 A 2014 F 2015 F 2013 A 2014 F 2015 F 2013 A 2014 F 2015 F
APA Group (APA) $9,750M -0.1036 -0.0190 0.1726 42.7038 43.5323 37.1235 4.34% 4.74% 5.19%
Ethane Pipeline (EPX) $130M -0.2792 0.0000 0.0000 58.7500 0.0000 0.0000 6.89% 0.00% 0.00%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 1.06 58.80 1.87 0.00
Market 1.14 15.80 1.16 0.90
Sector 1.06 28.20 1.26 1.06

Directors

Name Position Start Date
Mr Robert Wright Non-Executive Chairman 10 Jul 2008
Mr Richard Coles Non-Executive Director 10 Jul 2008
Ms Nancy Fox Non-Executive Director 23 Jun 2011

Management

Name Position
Robert Samuel Pearce Company Secretary
Amanda Keenan Company Secretary

Substantial Shareholders

Holding Name
4,213,049 (6.08%) Australian Pipeline Limited

Calendar of Events

Date Event
16 February 2017 Report (Interim)
21 September 2016 Report (Annual)
18 August 2016 Report (Prelim)
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