DURATEC LIMITED (DUR)
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DUR

DUR - DURATEC LIMITED

FNArena Sector : Industrial Sector Contractors & Engineers
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 0.77
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.71

20 Feb
2025

-0.050

OPEN

$1.72

-2.84%

HIGH

$1.76

1,455,943

LOW

$1.65

TARGET
$1.857 8.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
3DA . ALQ . AVD . BSA . CG1 . CLG . CVL . CWY . CXL . DOW . EGL . EGN . EVS . FLC . IPG . LBL . MAD . PPK . RWL . SDV . SHA . SND . SSM . SYL . VEE . VNT .
FNARENA'S MARKET CONSENSUS FORECASTS
DUR: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 8.7 10.3 xxx
DPS (cps) xxx 4.0 4.2 xxx
EPS Growth xxx 9.5% 19.3% xxx
DPS Growth xxx 0.0% 5.8% xxx
PE Ratio xxx N/A 16.5 xxx
Dividend Yield xxx N/A 2.5% xxx
Div Pay Ratio(%) xxx 46.2% 41.0% xxx

Dividend yield today if purchased 3 years ago: 12.12%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.34

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: 17/09 - ex-div 2.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx8.7
DPS All xxxxxxxxxxxxxxx4.0
Sales/Revenue xxxxxxxxxxxxxxx555.8 M
Book Value Per Share xxxxxxxxxxxxxxx23.8
Net Operating Cash Flow xxxxxxxxxxxxxxx28.3 M
Net Profit Margin xxxxxxxxxxxxxxx3.86 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx40.75 %
Return on Invested Capital xxxxxxxxxxxxxxx32.02 %
Return on Assets xxxxxxxxxxxxxxx9.79 %
Return on Equity xxxxxxxxxxxxxxx40.75 %
Return on Total Capital xxxxxxxxxxxxxxx33.94 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx2.1 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 xxxxxxxxxxxxxxx14 M
Long Term Debt xxxxxxxxxxxxxxx17 M
Total Debt xxxxxxxxxxxxxxx32 M
Goodwill - Gross xxxxxxxxxxxxxxx4 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx65 M
Price To Book Value xxxxxxxxxxxxxxx5.17

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx16.3 M
Capex % of Sales xxxxxxxxxxxxxxx2.92 %
Cost of Goods Sold xxxxxxxxxxxxxxx517 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx13 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx6 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

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Shaw and Partners

21/02/2025

1

Buy

$1.90

11.11%

Duratec delivered first half EBITDA margins of 9.4%, which Shaw and Partners flags is the highest level in recent years.

Management has signalled an increase in work volume and the broker points out the stock is one of the few ASX-listed plays on rising defence spending amid strong revenue visibility through to FY27.

Garden Island ECI projects are expected to contribute around $150m in revenue across FY26-27, which Shaw and Partners points out is not yet reflected in consensus earnings estimates. Buy, High Risk rating retained. Target is $1.90.

FORECAST
Shaw and Partners forecasts a full year FY25 dividend of 4.00 cents and EPS of 10.70 cents.
Shaw and Partners forecasts a full year FY26 dividend of 4.80 cents and EPS of 12.00 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Taylor Collison

12/11/2024

2

Initiation of coverage with Outperform

$1.87

9.36%

Taylor Collison initiates coverage on Duratec with an Outperform rating, noting the company's unique position as a remediation-focused contractor within sectors such as defence, mining, and energy.

The broker suggests the defence sector operations (comprising around 40% of revenue) are a significant advantage, given the long-term government investment in Australian defence infrastructure.

Duratec's proprietary MEnD Consulting division provides additional differentiation, suggests the analyst, enhancing margins and generating cross-selling opportunities through its durability engineering services.

Taylor Collison forecasts revenue growth supported by major contracts, including projects with Rio Tinto ((RIO)) and BHP Group ((BHP)).

It's anticipated gross margins will improve as management decreases reliance on subcontractors in favour of internal capabilities.

The current valuation is attractive, in Taylor Collison's view, given the industry fundamentals and the company's growth trajectory.

Taylor Collison sets a price target of $1.87.

FORECAST
Taylor Collison forecasts a full year FY25 dividend of 6.10 cents and EPS of 9.80 cents.
Taylor Collison forecasts a full year FY26 dividend of 8.20 cents and EPS of 10.80 cents.
Access Extra Coverage Research History >

DUR STOCK CHART

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