DURATEC LIMITED (DUR)
Share Price Analysis and Chart

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DUR - DURATEC LIMITED

FNArena Sector : Industrial Sector Contractors & Engineers
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 0.51
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.265

26 Jul
2024

-0.015

OPEN

$1.28

-1.17%

HIGH

$1.28

563,940

LOW

$1.25

TARGET
$1.44 13.8% upside
OTHER COMPANIES IN THE SAME SECTOR
ALQ . AVD . BSA . CG1 . CLG . CVL . CWY . CXL . DOW . EGN . EVS . FLC . IPG . LBL . MAD . PPK . SDV . SHA . SND . SSM . VEE . VNT .
FNARENA'S MARKET CONSENSUS FORECASTS
DUR: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 7.9 9.0 xxx
DPS (cps) xxx 4.0 3.5 xxx
EPS Growth xxx N/A 14.2% xxx
DPS Growth xxx N/A - 11.7% xxx
PE Ratio xxx N/A 14.0 xxx
Dividend Yield xxx N/A 2.8% xxx
Div Pay Ratio(%) xxx 50.6% 39.1% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 20192020202120222023
EPS Basic xxxxxxxxxxxx7.9
DPS All xxxxxxxxxxxx4.0
Sales/Revenue xxxxxxxxxxxx491.8 M
Book Value Per Share xxxxxxxxxxxx18.9
Net Operating Cash Flow xxxxxxxxxxxx35.2 M
Net Profit Margin xxxxxxxxxxxx3.90 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20192020202120222023
Return on Capital Employed xxxxxxxxxxxx49.86 %
Return on Invested Capital xxxxxxxxxxxx39.11 %
Return on Assets xxxxxxxxxxxx10.97 %
Return on Equity xxxxxxxxxxxx49.86 %
Return on Total Capital xxxxxxxxxxxx47.29 %
Free Cash Flow ex dividends xxxxxxxxxxxx16.7 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 20192020202120222023
Short-Term Debt xxxxxxxxxxxx7 M
Long Term Debt xxxxxxxxxxxx11 M
Total Debt xxxxxxxxxxxx18 M
Goodwill - Gross xxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxx66 M
Price To Book Value xxxxxxxxxxxx5.99

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20192020202120222023
Capex xxxxxxxxxxxx13.0 M
Capex % of Sales xxxxxxxxxxxx2.64 %
Cost of Goods Sold xxxxxxxxxxxx455 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxx11 M
Research & Development xxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxx5 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

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Ord Minnett

04/06/2024

2

Initiation of coverage with Accumulate

$1.30

2.77%

Duratec is a specialist contractor focusing on asset maintenance and remediation. The business has grown exponentially since its inception in 2010, while generating sector-leading return metrics.

Ord Minnett nonetheless expects the next six months or so to represent a period of consolidation, following delays in the award of projects.

Whilst Duratec's valuation is seen as undemanding, the broker's near-term view is tempered by the risk of further delays in the award of projects.

Hence, Ord Minnett views the recent share price decline as an opportunity for investors to begin building a position, with the potential award of Defence contracts in 1Q25 acting as a catalyst for a more positive view.

The broker initiates coverage with an Accumulate rating and $1.30 target.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 3.70 cents and EPS of 8.70 cents.
Ord Minnett forecasts a full year FY25 dividend of 4.10 cents and EPS of 9.90 cents.

Shaw and Partners

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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

Moelis

27/05/2024

1

Buy

$1.50

18.58%

Moelis has retained its Buy rating for Duratec while reducing its price target to $1.50 from $1.62 following the issuance of narrowed FY24 guidance.

The company now expects revenue of $550-565m and EBITDA of $46-48m, revised from $570-610m and $45-52m, respectively.

The broker explains revised guidance reflects improved EBITDA profitability at an 8.4% margin, with strong project performance noted in 2H24 to date.

The broker observes the order book remains broadly stable at $377m, while the tender book has grown significantly to $1.47bn. Delays in project awards are expected to push some revenues to FY25. Forecasts for FY24-FY26 have been lowered.

FORECAST
Moelis forecasts a full year FY24 dividend of 3.50 cents and EPS of 8.90 cents.
Moelis forecasts a full year FY25 dividend of 5.30 cents and EPS of 10.50 cents.
Access Stockbroker Research History >

DUR STOCK CHART

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2
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Mar 06 2024 - Daily Market Reports
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