DALRYMPLE BAY INFRASTRUCTURE LIMITED (DBI)
Share Price Analysis and Chart

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DBI

DBI - DALRYMPLE BAY INFRASTRUCTURE LIMITED

FNArena Sector : Infrastructure & Utilities
Year End: December
GICS Industry Group : NONE
Debt/EBITDA: 7.29
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.49

20 May
2026

0.160

OPEN

$5.36

3.00%

HIGH

$5.54

1,467,232

LOW

$5.34

TARGET
$5.728

+0.09 change from previous day

 4.3% upside
OTHER COMPANIES IN THE SAME SECTOR
AGL . AIA . ALX . APA . CEN . GNE . GNP . MEZ . ORG . SRJ . TCL .
FNARENA'S MARKET CONSENSUS FORECASTS
DBI: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 5.9 21.2 xxx
DPS (cps) xxx 24.6 27.8 xxx
EPS Growth xxx - 64.2% 100.0% xxx
DPS Growth xxx 11.9% 13.0% xxx
PE Ratio xxx N/A 26.7 xxx
Dividend Yield xxx N/A 4.9% xxx
Div Pay Ratio(%) xxx 417.4% 131.6% xxx

Dividend yield today if purchased 3 years ago: 9.66%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.37

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: 12/12 - (franking ex-div 6.125c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx5.9
DPS All xxxxxxxxxxxxxxx24.6
Sales/Revenue xxxxxxxxxxxxxxx844.6 M
Book Value Per Share xxxxxxxxxxxxxxx209.1
Net Operating Cash Flow xxxxxxxxxxxxxxx63.3 M
Net Profit Margin xxxxxxxxxxxxxxx3.46 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx2.75 %
Return on Invested Capital xxxxxxxxxxxxxxx0.94 %
Return on Assets xxxxxxxxxxxxxxx0.84 %
Return on Equity xxxxxxxxxxxxxxx2.75 %
Return on Total Capital xxxxxxxxxxxxxxx8.23 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-53.3 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 xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx2,162 M
Total Debt xxxxxxxxxxxxxxx2,162 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx110 M
Price To Book Value xxxxxxxxxxxxxxx2.40

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx164.9 M
Capex % of Sales xxxxxxxxxxxxxxx19.53 %
Cost of Goods Sold xxxxxxxxxxxxxxx588 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx12 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

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

07/05/2026

3

Downgrade to Hold from Buy

$5.31

-3.28%

Morgans observes the share price of Dalrymple Bay Infrastructure has increased around 17% since it upgraded the rating in March and so downgrades to Hold from Buy. The 12-month potential return has compressed to around 3%.

The broker also takes the opportunity to update its 10-year Australian government bond yield and long-term swap rate assumptions. The company raised $350m in five-year debt at a fixed coupon of 6.234% in March, a larger raising at a cheaper price than had been assumed.

The AGM is set for May 20 when Morgans expects guidance on distributions for 2026/27 will be provided. Target edges down to $5.31 from $5.35.

FORECAST
Morgans forecasts a full year FY26 dividend of 28.00 cents and EPS of 22.00 cents.
Morgans forecasts a full year FY27 dividend of 31.00 cents and EPS of 23.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxx

$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

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 >

DBI STOCK CHART

FNArena News on DBI

1
Weekly Ratings, Targets, Forecast Changes – 08-05-26

May 11 2026 - Weekly Reports
2
Rudi’s View: Best Buys & Conviction Calls

Apr 23 2026 - Rudi's View
3
Dalrymple Bay’s Utility Appeal

Apr 16 2026 - Small Caps
4
Weekly Ratings, Targets, Forecast Changes – 27-03-26

Mar 30 2026 - Weekly Reports
5
Weekly Ratings, Targets, Forecast Changes – 13-03-26

Mar 16 2026 - Weekly Reports

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