DOWNER EDI LIMITED (DOW)
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DOW

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

$7.88

29 Jan
2026

-0.040

OPEN

$7.89

-0.51%

HIGH

$7.93

924,477

LOW

$7.84

TARGET
$8.45 7.2% 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 . FLC . IPG . LBL . MAD . PPK . RWL . SDV . SHA . SND . SSM . SYL . VBC . VEE . VNT . VYS .
FNARENA'S MARKET CONSENSUS FORECASTS
DOW: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 20.4 42.7 xxx
DPS (cps) xxx 24.9 27.9 xxx
EPS Growth xxx 97.7% 100.0% xxx
DPS Growth xxx 46.5% 12.0% xxx
PE Ratio xxx N/A 18.9 xxx
Dividend Yield xxx N/A 3.5% xxx
Div Pay Ratio(%) xxx 122.2% 65.3% xxx

Dividend yield today if purchased 3 years ago: 6.55%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.09

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: 03/09 - ex-div 14.10c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 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%

Broker commentary and detailed analysis is available for Full Members Only.
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Macquarie

22/01/2026

1

Outperform

$8.50

7.87%

Macquarie expects a strong earnings season for contractors, supported by broad-based demand, improving margins, strong balance sheets and a positive outlook, particularly in energy transition

The broker's preferences include Monadelphous Group, Ventia Services, NRW Holdings, Downer EDI and Maas Group.

Downer EDI is expected to provide quantitative guidance in February in line with consensus, with focus on progress toward FY30 revenue and margin targets of 4-5% compounded annual growth, the broker highlights.

FY26-27 EPS forecasts cut by -1% on higher corporate cost estimates. Outperform rating and $8.50 target are unchanged.

FORECAST
Macquarie forecasts a full year FY26 dividend of 27.60 cents and EPS of 42.40 cents.
Macquarie forecasts a full year FY27 dividend of 31.00 cents and EPS of 47.60 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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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

Canaccord Genuity

29/01/2026

-1

No Rating

7.87%

Canaccord Genuity initiates coverage of Downer EDI with a positive stance, arguing the company has emerged from a multi-year reset with a simpler structure, improved margins and more predictable earnings.

The broker highlights Downer’s refocus on essential services across transport, energy and facilities, which is reducing exposure to large, higher-risk construction contracts while lifting return quality.

A substantial divestment program since 2023 has sharpened the earnings profile and strengthened cash generation, supporting ongoing debt reduction and dividends.

Canaccord sees scope for steady margin expansion and earnings growth from FY26, underpinned by long-dated contracts and strong work-in-hand visibility. Buy initiated with an $8.58 target.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 28.50 cents and EPS of 41.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 33.00 cents and EPS of 45.00 cents.
Access Extra Coverage Research History >

DOW STOCK CHART

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