DYNO NOBEL LIMITED (DNL)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

DNL

DNL - DYNO NOBEL LIMITED

FNArena Sector : Mining Sector Contracting
Year End: September
GICS Industry Group : Materials
Debt/EBITDA: 2.63
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Dyno Nobel manufactures and supplies commercial explosives, blasting systems and related services to the mining, quarrying and construction industries.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.04

24 Sep
2026

0.010

OPEN

$3.96

0.25%

HIGH

$4.05

4,710,662

LOW

$3.96

TARGET
$3.978 -1.5% downside
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . DOW . EHL . GNG . IMD . IPG . LBL . LYL . MAD . MAH . MIN . MLG . MND . MSV . MYE . NWH . ORI . PRN . RAN . RCR . RKT . SGH . SRG . SXE . TEA . VBC . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
DNL: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 7.8 18.2 xxx
DPS (cps) xxx 11.9 9.2 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx - 67.3% - 22.5% xxx
PE Ratio xxx N/A 21.3 xxx
Dividend Yield xxx N/A 2.4% xxx
Div Pay Ratio(%) xxx 151.8% 50.6% xxx

Dividend yield today if purchased 3 years ago: 3.85%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.07

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 12/06 - (franking ex-div 4.60c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx7.8
DPS All xxxxxxxxxxxxxxx11.9
Sales/Revenue xxxxxxxxxxxxxxx3,710.1 M
Book Value Per Share xxxxxxxxxxxxxxx246.8
Net Operating Cash Flow xxxxxxxxxxxxxxx574.7 M
Net Profit Margin xxxxxxxxxxxxxxx3.97 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx3.17 %
Return on Invested Capital xxxxxxxxxxxxxxx2.34 %
Return on Assets xxxxxxxxxxxxxxx1.81 %
Return on Equity xxxxxxxxxxxxxxx3.17 %
Return on Total Capital xxxxxxxxxxxxxxx7.30 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-61.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx626 M
Long Term Debt xxxxxxxxxxxxxxx1,391 M
Total Debt xxxxxxxxxxxxxxx2,017 M
Goodwill - Gross xxxxxxxxxxxxxxx1,779 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx647 M
Price To Book Value xxxxxxxxxxxxxxx1.26

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx474.2 M
Capex % of Sales xxxxxxxxxxxxxxx12.78 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,688 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx538 M
Research & Development xxxxxxxxxxxxxxx23 M
Investments - Total xxxxxxxxxxxxxxx458 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

18/09/2026

3

Neutral

$3.75

-7.18%

At its investor day, Dyno Nobel has revised its FY26 EBIT/NPAT guidance by -2% and up 5%, respectively against consensus forecasts, UBS highlights.

Explosives EBIT guidance stands at the midpoint some -2% below consensus and at the upper end by -1%, with NPAT guidance inferring a 5% upgrade at the midpoint, due to lower interest and ETR guidance.

Capex guidance of around $265m-$285m aligns with the analyst's forecast of $274m.

Management reiterated its FY28 EBIT goal of $600m and a new target of $800m in FY31. This was well above consensus of $600m and reflects high single-digit revenue growth from FY26-FY31, the broker states.

EPS forecasts remain unchanged, with a Neutral rating and $3.75 target. UBS considers the update as mixed.

FORECAST
UBS forecasts a full year FY26 dividend of 9.00 cents and EPS of 17.00 cents.
UBS forecasts a full year FY27 dividend of 9.00 cents and EPS of 18.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

10/09/2026

3

Downgrade to Neutral from Overweight

$3.80

-5.94%

Jarden downgrades Dyno Nobel to Neutral from Overweight with a $3.80 target price ahead of the company's 2026 Strategy Day in New York.

The upcoming presentation is expected to outline growth parameters for the explosives division beyond existing FY28 ambitions of $600m in underlying EBIT.

Jarden notes current consensus expectations remain below this target, making any potential extension of mid-term objectives to FY30 more illustrative than instructive.

Market focus will also centre on the existing FY26 explosives EBIT guidance range of $460m to $500m alongside capital deployment strategies.

Jarden estimates the business holds $730m to $800m in debt-funded capacity to pursue accretive acquisitions across Latin America or North America while remaining within target leverage parameters.
Access Extra Coverage Research History >

DNL STOCK CHART

FNArena News on DNL

1
Dyno Nobel Blasting Into Defence Earnings

Sep 21 2026 - Australia
2
In Case You Missed It – BC Extra Upgrades & Downgrades – 11-09-26

Sep 11 2026 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Sep 10, 2026

Sep 10 2026 - Daily Market Reports
4
Rudi’s View: That’s The Way Markets Crumble

Aug 06 2026 - Rudi's View
5
Material Matters: Beware Commodity Shocks, Copper Speculation & Mining Services

Jul 27 2026 - Commodities

Latest Mining Sector Contracting News

1
Dyno Nobel Blasting Into Defence Earnings

Sep 21 2026 - Australia
2
NRW Holdings Shares Ready To Rally

Sep 08 2026 - Technicals
3
Dyno Nobel Clears Major Technical Hurdle

Jun 09 2026 - Technicals
4
New-Look Dyno Nobel’s Explosive First Half

May 14 2026 - Australia
5
Mining, Value-adds Underpin Orica’s Outlook

May 12 2026 - Australia
6
Execution Capacity Key To Contractor Premiums

Mar 24 2026 - Australia
7
Market Too Negative On Orica’s Headwinds?

Mar 11 2026 - Australia
8
Imdex Rides The Exploration Wave

Feb 26 2026 - Commodities
9
Strong Momentum Guides NRW Holdings’ Outlook

Feb 25 2026 - Commodities
10
Imdex Builds Rock Knowledge Acquisitively

Dec 11 2025 - Small Caps