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

$7.51

17 Mar
2026

0.030

OPEN

$7.48

0.40%

HIGH

$7.51

904,035

LOW

$7.42

TARGET
$8.517 13.4% 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 . MPW . PPK . RWL . SDV . SHA . SND . SSM . SYL . VBC . VEE . VNT . VYS .
FNARENA'S MARKET CONSENSUS FORECASTS

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Module   ModSecurity IIS (64bits)
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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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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

20/02/2026

3

Neutral

$8.00

6.52%

Downer EDI delivered first half earnings that beat UBS estimates amid a stronger EBITA margin and lower net interest.

Energy & utilities delivered 17% growth amid a strong performance in power projects while transport improved on the back of contract delivery and cost management.

The company is guiding to FY26 underlying net profit of $295-315m. Group margins are expected to continue improving, underpinned by stronger risk controls and a mix shift amid growth in energy/utilities.

UBS considers the result another small step in the "right direction" towards the company's FY30 target. Neutral retained. Target is unchanged at $8.

FORECAST
UBS forecasts a full year FY26 dividend of 29.00 cents and EPS of 44.00 cents.
UBS forecasts a full year FY27 dividend of 32.00 cents and EPS of 47.00 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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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

26/02/2026

1

Buy

$8.65

15.18%

Canaccord Genuity reiterates a Buy rating on Downer EDI and raises its target price to $8.65 from $8.58 after a positive 1H26 result.

Revenue fell -11% on the prior year to $4,919m, while the underlying earnings (EBITA) margin improved to 4.6% from 3.7%. Profit of $136m beat the broker's expectation on lower net interest.

The interim dividend of 12.9c was ahead of forecasts given strong cash conversion of 90.5% and net debt falling to $242m from $259m at the end of FY25.

FY26 profit (NPATA) guidance of $295-$315m was introduced and broader guidance reiterated. 

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 28.50 cents and EPS of 42.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 33.00 cents and EPS of 45.00 cents.
Access Extra Coverage Research History >

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