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

$3.22

29 Oct
2025

-0.020

OPEN

$3.24

-0.62%

HIGH

$3.25

3,306,587

LOW

$3.21

TARGET
$3.202 -0.6% 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: 9.96%

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
Display All Commentary

Sentiment Indicator

0.2

No. Of Recommendations

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

UBS

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Citi

02/10/2025

3

Neutral

$3.50

8.70%

Dyno Nobel completed the sale of its fertiliser distribution business, and is committed to sell Phosphate Hill or close it before the end of FY26, if not sold prior.

Citi notes the fertiliser chapter is effectively closed, and focus is now entirely on the explosives business. However, given recovery in Diammonium Phosphate (DAP) prices, the broker sees upside to 2H25 EBIT from Phosphate Hill manufacturing.

The broker expects EBIT skew to 2H of 94% vs 90% guidance. FY25 revenue forecast lifted by 3%, but FY26 cut by a sharp -29%.

Target rises to $3.50 from $2.55 as improved clarity on the business led to higher multiples in valuation. Neutral remains.

FORECAST
Citi forecasts a full year FY25 dividend of 10.10 cents and EPS of 23.70 cents.
Citi forecasts a full year FY26 dividend of 10.00 cents and EPS of 19.40 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
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 >

DNL STOCK CHART

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