DOWNER EDI LIMITED (DOW)
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DOW - DOWNER EDI LIMITED

FNArena Sector : Industrial Sector Contractors & Engineers
Year End: June
GICS Industry Group : Commercial & Professional Services
Debt/EBITDA: 2.33
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Downer Edi designs, builds and services assets and infrastructure across a wide range of industries including the mining, transport and oil and gas sectors. The company is the number one builder of roads in Australia. It is listed on the ASX and the NZX.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$7.31

22 Sep
2025

0.080

OPEN

$7.23

1.11%

HIGH

$7.35

992,876

LOW

$7.21

TARGET
$7.683 5.1% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
3DA . ALQ . AVD . BOL . BSA . CG1 . CLG . CVL . CWY . CXL . DUR . EGL . FLC . IPG . LBL . MAD . PPK . RWL . SDV . SHA . SND . SSM . SYL . VEE . VNT . VYS .
FNARENA'S MARKET CONSENSUS FORECASTS
DOW: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 20.4 42.4 xxx
DPS (cps) xxx 24.9 28.0 xxx
EPS Growth xxx 97.7% 100.0% xxx
DPS Growth xxx 46.5% 12.4% xxx
PE Ratio xxx N/A 17.2 xxx
Dividend Yield xxx N/A 3.8% xxx
Div Pay Ratio(%) xxx 122.2% 66.0% xxx

Dividend yield today if purchased 3 years ago: 5.34%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.44

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: 13/03 - ex-div 6c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx20.4
DPS All xxxxxxxxxxxxxxx24.9
Sales/Revenue xxxxxxxxxxxxxxx10,472.1 M
Book Value Per Share xxxxxxxxxxxxxxx307.3
Net Operating Cash Flow xxxxxxxxxxxxxxx562.5 M
Net Profit Margin xxxxxxxxxxxxxxx1.31 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx6.60 %
Return on Invested Capital xxxxxxxxxxxxxxx4.17 %
Return on Assets xxxxxxxxxxxxxxx1.98 %
Return on Equity xxxxxxxxxxxxxxx6.60 %
Return on Total Capital xxxxxxxxxxxxxxx8.09 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx284.9 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 xxxxxxxxxxxxxxx796 M
Long Term Debt xxxxxxxxxxxxxxx741 M
Total Debt xxxxxxxxxxxxxxx1,537 M
Goodwill - Gross xxxxxxxxxxxxxxx2,564 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx834 M
Price To Book Value xxxxxxxxxxxxxxx2.05

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx122.9 M
Capex % of Sales xxxxxxxxxxxxxxx1.17 %
Cost of Goods Sold xxxxxxxxxxxxxxx9,236 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx920 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx38 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

0.5

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

10/09/2025

1

Outperform

$7.65

4.65%

Macquarie highlights what a good August reporting season it was for contractors, assisted by good demand, margin beats, robust balance sheets including a number of share buybacks, and positive EPS upgrade revisions for FY26/FY27.

The analyst points to the "breadth" of end market demand, including iron ore activity and the renewables sector, including transmission/electricity infrastructure. The domestic exposures have been outperforming the global peers.

Both the top-down (macro) and bottom-up factors support the sector, with a stock preference for Downer EDI, Worley ((WOR)), Monadelphous Group ((MND)), NRW Holdings ((NWH)) and Maas Group ((MGH)).

Macquarie tweaks its EPS estimates for Downer EDI by -3.2% for FY26 and -1.7% for FY27. The stock was recently upgraded to Outperform from Neutral post the recent minor pullback.

FORECAST
Macquarie forecasts a full year FY26 dividend of 27.80 cents and EPS of 42.80 cents.
Macquarie forecasts a full year FY27 dividend of 30.80 cents and EPS of 47.40 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

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
Access Extra Coverage Research History >

DOW STOCK CHART

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