DYNO NOBEL LIMITED (DNL)
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DNL

DNL - DYNO NOBEL LIMITED

FNArena Sector : Mining Sector Contracting
Year End: September
GICS Industry Group : Materials
Debt/EBITDA: 2.82
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.24

03 Nov
2025

0.020

OPEN

$3.23

0.62%

HIGH

$3.24

2,406,765

LOW

$3.20

TARGET
$3.202 -1.2% downside
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . DOW . EHL . GNG . IMD . IPG . LBL . LYL . MAD . MAH . MIN . MLG . MND . MSV . MYE . NWH . ORI . PRN . RAN . RCR . RUL . SGH . SRG . SXE . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
DNL: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 22.5 22.2 xxx
DPS (cps) xxx 36.3 11.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 100.0% - 69.7% xxx
PE Ratio xxx N/A 14.5 xxx
Dividend Yield xxx N/A 3.4% xxx
Div Pay Ratio(%) xxx N/A 49.7% xxx

Dividend yield today if purchased 3 years ago: 9.66%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 11.29

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-22.5
DPS All xxxxxxxxxxxxxxx36.3
Sales/Revenue xxxxxxxxxxxxxxx5,278.5 M
Book Value Per Share xxxxxxxxxxxxxxx256.1
Net Operating Cash Flow xxxxxxxxxxxxxxx290.2 M
Net Profit Margin xxxxxxxxxxxxxxx-9.05 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-8.48 %
Return on Invested Capital xxxxxxxxxxxxxxx-6.34 %
Return on Assets xxxxxxxxxxxxxxx-5.04 %
Return on Equity xxxxxxxxxxxxxxx-8.48 %
Return on Total Capital xxxxxxxxxxxxxxx4.58 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-466.7 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 xxxxxxxxxxxxxxx68 M
Long Term Debt xxxxxxxxxxxxxxx1,887 M
Total Debt xxxxxxxxxxxxxxx1,955 M
Goodwill - Gross xxxxxxxxxxxxxxx1,733 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,069 M
Price To Book Value xxxxxxxxxxxxxxx1.21

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx378.7 M
Capex % of Sales xxxxxxxxxxxxxxx7.17 %
Cost of Goods Sold xxxxxxxxxxxxxxx4,253 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx677 M
Research & Development xxxxxxxxxxxxxxx30 M
Investments - Total xxxxxxxxxxxxxxx421 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
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Sentiment Indicator

0.2

No. Of Recommendations

5
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Macquarie

02/10/2025

-1

No Rating

-

Dyno Nobel has completed the sale of its fertiliser distribution business, and Phosphate Hill is either to be sold or closed by Sept 2026. Management anticipates some capital will be invested at Phosphate Hill to maintain the asset's worthiness prior to potential closure or sale.

Capex is expected to be funded from operating cash, Macquarie notes, and around $545m in net proceeds are forecast from the separation of the fertiliser business.

Macquarie raises its EPS forecasts by 18% for FY25 and 11% for FY26 due to a better than anticipated performance from fertiliser unit arising from higher DAP prices.

The removal of Phosphate Hill results in a reduction in EPS estimates further out by -6% to -11% from FY27-FY29.

No rating or target price due to research restrictions.

FORECAST
Macquarie forecasts a full year FY25 dividend of 11.80 cents and EPS of 23.30 cents.
Macquarie forecasts a full year FY26 dividend of 12.70 cents and EPS of 25.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
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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
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DNL STOCK CHART

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