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: 2.02
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

$6.50

16 Sep
2026

0.010

OPEN

$6.50

0.15%

HIGH

$6.59

3,105,806

LOW

$6.45

TARGET
$8.067 24.1% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
3DA . ALQ . AVD . BOL . BSA . BWN . CG1 . CLG . CVL . CWY . CXL . DUR . EGL . FDC . FLC . IPG . LBL . MAD . MPW . MYG . PPK . RWL . SDV . SHA . SND . SSM . SYL . TEA . VBC . VEE . VNT . VYS .
FNARENA'S MARKET CONSENSUS FORECASTS
DOW: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 32.6 45.1 xxx
DPS (cps) xxx 29.2 30.4 xxx
EPS Growth xxx 59.8% 38.4% xxx
DPS Growth xxx 17.3% 4.2% xxx
PE Ratio xxx N/A 14.8 xxx
Dividend Yield xxx N/A 4.6% xxx
Div Pay Ratio(%) xxx 89.7% 67.5% xxx

Dividend yield today if purchased 3 years ago: 6.85%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.39

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: 02/09 - ex-div 16.30c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx32.6
DPS All xxxxxxxxxxxxxxx29.2
Sales/Revenue xxxxxxxxxxxxxxx9,699.9 M
Book Value Per Share xxxxxxxxxxxxxxx297.9
Net Operating Cash Flow xxxxxxxxxxxxxxx503.3 M
Net Profit Margin xxxxxxxxxxxxxxx2.23 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx10.76 %
Return on Invested Capital xxxxxxxxxxxxxxx7.17 %
Return on Assets xxxxxxxxxxxxxxx3.22 %
Return on Equity xxxxxxxxxxxxxxx10.76 %
Return on Total Capital xxxxxxxxxxxxxxx10.94 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx195.4 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx103 M
Long Term Debt xxxxxxxxxxxxxxx1,273 M
Total Debt xxxxxxxxxxxxxxx1,375 M
Goodwill - Gross xxxxxxxxxxxxxxx2,557 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx766 M
Price To Book Value xxxxxxxxxxxxxxx2.70

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx144.9 M
Capex % of Sales xxxxxxxxxxxxxxx1.49 %
Cost of Goods Sold xxxxxxxxxxxxxxx8,360 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx941 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx46 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

0.7

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

24/08/2026

1

Buy

$8.10

24.62%

Downer EDI's FY26 underlying profit rose 10% to $307m, broadly meeting expectations, and annual dividends increased 17% to 29.2c.

The energy and utilities division drove growth, Ord Minnett points out, while the facilities business was affected by the transition to a lower-margin Defence contract.

Management expects FY27 growth but warned earnings will be unusually weighted towards the second half, prompting Ord Minnett to reduce forecasts.

The broker remains constructive on the longer-term outlook, supported by a $38.5bn work-in-hand position, government-related contracts and further margin expansion. Buy retained; target falls to $8.10 from $8.85.

FORECAST
Ord Minnett forecasts a full year FY27 dividend of 29.00 cents and EPS of 43.00 cents.
Ord Minnett forecasts a full year FY28 dividend of 34.00 cents and EPS of 51.00 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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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

Canaccord Genuity

25/08/2026

1

Buy

$8.20

26.15%

Canaccord Genuity maintains its Buy recommendation for Downer EDI with its target price reduced to $8.20 from $8.65 following a FY26 result featuring underlying group revenue of $9,873m and underlying EBITA of $502.9m at a 5.1% margin.

The company reported underlying NPATA of $306.7m within the guided range and declared a final dividend of 16.3c, bringing the FY26 total dividend to 29.2c.

Management targets revenue and earnings growth for FY27 with further EBITA margin improvement, though performance will feature a larger-than-normal second-half skew alongside lower first-half revenue and earnings compared to the prior corresponding period.

The analyst notes the business maintains a robust balance sheet with leverage at 0.8x and ongoing execution of its $260m share buyback program.

FORECAST
Canaccord Genuity forecasts a full year FY27 EPS of 45.00 cents.
Canaccord Genuity forecasts a full year FY28 EPS of 48.00 cents.
Access Extra Coverage Research History >

DOW STOCK CHART

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