ORICA LIMITED (ORI)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

ORI - ORICA LIMITED

FNArena Sector : Mining Sector Contracting
Year End: September
GICS Industry Group : Materials
Debt/EBITDA: 2.15
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Orica is an Australian multinational company that is one of the world's largest providers of commercial explosives and blasting systems to the mining, quarrying, oil and gas and construction industry.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$18.00

22 Nov
2024

-0.170

OPEN

$18.05

-0.94%

HIGH

$18.08

1,279,138

LOW

$17.82

TARGET
$20.746 15.3% upside
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . CDD . DOW . EHL . GNG . IMD . IPG . IPL . LBL . LYL . MAD . MAH . MIN . MLG . MND . MSV . MYE . NWH . PRN . RAN . RCR . RDG . RUL . SGH . SRG . SXE . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
ORI: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 110.7 99.5 xxx
DPS (cps) xxx 47.0 53.4 xxx
EPS Growth xxx 70.1% - 10.1% xxx
DPS Growth xxx 9.3% 13.5% xxx
PE Ratio xxx N/A 18.1 xxx
Dividend Yield xxx N/A 3.0% xxx
Div Pay Ratio(%) xxx 42.4% 53.6% xxx

Dividend yield today if purchased 3 years ago: 3.14%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.61

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: 22/11 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx110.7
DPS All xxxxxxxxxxxxxxx47.0
Sales/Revenue xxxxxxxxxxxxxxx7,662.8 M
Book Value Per Share xxxxxxxxxxxxxxx915.6
Net Operating Cash Flow xxxxxxxxxxxxxxx807.5 M
Net Profit Margin xxxxxxxxxxxxxxx6.85 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx12.42 %
Return on Invested Capital xxxxxxxxxxxxxxx8.01 %
Return on Assets xxxxxxxxxxxxxxx5.62 %
Return on Equity xxxxxxxxxxxxxxx12.42 %
Return on Total Capital xxxxxxxxxxxxxxx10.82 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx202.2 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx169 M
Long Term Debt xxxxxxxxxxxxxxx2,352 M
Total Debt xxxxxxxxxxxxxxx2,521 M
Goodwill - Gross xxxxxxxxxxxxxxx2,534 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx581 M
Price To Book Value xxxxxxxxxxxxxxx2.03

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx456.4 M
Capex % of Sales xxxxxxxxxxxxxxx5.96 %
Cost of Goods Sold xxxxxxxxxxxxxxx6,322 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx610 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx321 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

0.8

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$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

3

xxxxxxx

$xx.xx

xx.xx%

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

Morgan Stanley

15/11/2024

1

Overweight

$22.50

25.00%

Morgan Stanley raises its target for Orica by $1.00 to $22.50 following solid execution evident within FY24 results, particularly on pricing and margin optimisation. The Overweight rating is retained. Industry view: In-Line.

The broker anticipates double-digit earnings growth across FY25-27, potentially further supported by capital management initiatives.

In summary, earnings (EBIT) were in line with the broker's forecast, with the APAC and EMEA regions as key contributors, broadly offsetting lower results from North America and Specialty Mining Chemicals.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 48.00 cents and EPS of 98.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 55.00 cents and EPS of 112.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx 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
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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

Goldman Sachs

20/11/2024

1

Buy

$21.40

18.89%

Orica reported FY24 underlying profit of $409m, 2% ahead of Goldman Sachs' estimate, with Blasting Solutions earnings (EBIT) exceeding expectations by 4%, supported by strong APAC results offsetting North American weakness.

On the back of the largest plant turnaround in the company’s history, profitability per tonne improved by 15%, driven by favourable mix and volume contributions, notes the broker. Goldman Sachs forecasts earnings per tonne growth of 10% in FY25.

Management announced a FY24 dividend of 47c, up 9% year-on-year, and flagged a capital framework review as the company transitions from its M&A cycle to focus on de-leveraging or other capital management initiatives.

Goldman Sachs retains a Buy rating and maintains the target price at $21.40.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 51.00 cents and EPS of 101.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 58.00 cents and EPS of 115.00 cents.
Access Extra Coverage Research History >

ORI STOCK CHART

FNArena News on ORI

1
Rudi’s View: The Importance Of ‘Quality’ Growth

Nov 21 2024 - Rudi's View
2
Australian Broker Call *Extra* Edition – Nov 21, 2024

Nov 21 2024 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Nov 20, 2024

Nov 20 2024 - Daily Market Reports
4
Orica Well Positioned To Capitalise

Nov 18 2024 - Australia
5
Weekly Ratings, Targets, Forecast Changes – 15-11-24

Nov 18 2024 - Weekly Reports

Latest Mining Sector Contracting News

1
Orica Well Positioned To Capitalise

Nov 18 2024 - Australia
2
Risk Seems To The Upside For NRW Holdings

Aug 26 2024 - Small Caps
3
Monadelphous Shakes Off Lithium

Aug 22 2024 - Small Caps
4
Imdex’s Operational Leverage Attracts

Jun 06 2024 - Small Caps
5
Orica Resumes Up-Trend

Apr 16 2024 - Technicals
6
Treasure Chest: Orica’s Technology Tailwind

Nov 21 2023 - Treasure Chest
7
Orica’s Green Ambitions Well-Received

Sep 25 2023 - Australia
8
Gold & Copper Add Confidence To DDH1’s Future

Feb 08 2023 - Small Caps
9
Mader Group Targets US Growth

Dec 22 2022 - Small Caps
10
Perenti Pleases with Guidance Upgrade

Dec 22 2022 - Small Caps