EMECO HOLDINGS LIMITED (EHL)
Share Price Analysis and Chart

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EHL - EMECO HOLDINGS LIMITED

FNArena Sector : Mining Sector Contracting

Year End: June

GICS Industry Group : Capital Goods

Debt/EBITDA: 1.11

Index: ALL-ORDS

Emeco Holdings is an Australian mining and earth moving equipment rental company. Founded in 1972 as the EarthMoving Equipment Company, it listed on the ASX in 2006.

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$1.31 26 Feb 2026	-0.070 OPEN $1.38	-5.07% HIGH $1.39	474,595 LOW $1.30

LAST PRICE

CHANGE +/-

CHANGE %

VOLUME

$1.31

26 Feb
2026

-0.070

OPEN

$1.38

-5.07%

HIGH

$1.39

474,595

LOW

$1.30

TARGET

$1.40

6.9% upside

Franking for last dividend paid out: 100%

OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . DNL . DOW . GNG . IMD . IPG . LBL . LYL . MAD . MAH . MIN . MLG . MND . MSV . MYE . NWH . ORI . PRN . RAN . RCR . SGH . SRG . SXE . VBC . XRF .

FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY24 Actual	FY25 Actual	FY26 Forecast	FY27 Forecast
EPS (cps)	xxx	14.5	16.3	xxx
DPS (cps)	xxx	0.0	0.0	xxx
EPS Growth	xxx	42.1%	12.5%	xxx
DPS Growth	xxx	N/A	N/A	xxx
PE Ratio	xxx	N/A	8.3	xxx
Dividend Yield	xxx	N/A	0.0%	xxx
Div Pay Ratio(%)	xxx	N/A	N/A	xxx

Dividend yield today if purchased 3 years ago: 0.00%

Last ex-div: 07/09 - ex-div 1.25c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD

Copyright © 2026 FactSet UK Limited. All rights reserved

Title	2020	2021	2022	2023	2024	2025
EPS Basic	xxx	xxx	xxx	xxx	xxx	14.5
DPS All	xxx	xxx	xxx	xxx	xxx	0.0
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	785.4 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	138.9
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	253.8 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	9.57 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title	2020	2021	2022	2023	2024	2025
Return on Capital Employed	xxx	xxx	xxx	xxx	xxx	11.11 %
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	7.68 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	6.21 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	11.11 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	13.09 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	92.0 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	2020	2021	2022	2023	2024	2025
Short-Term Debt	xxx	xxx	xxx	xxx	xxx	22 M
Long Term Debt	xxx	xxx	xxx	xxx	xxx	299 M
Total Debt	xxx	xxx	xxx	xxx	xxx	321 M
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	8 M
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	126 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	0.60

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title	2020	2021	2022	2023	2024	2025
Capex	xxx	xxx	xxx	xxx	xxx	161.8 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	20.60 %
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	557 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	95 M
Research & Development	xxx	xxx	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	xxx	xxx	0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
EXTRA COVERAGE

EXPERT VIEWS

Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Macquarie	23/02/2026	3	Downgrade to Neutral from Outperform	$1.40	6.87%	Emeco Holdings' 1H26 operating earnings were largely in line with Macquarie. Mining sector operating conditions remain positive, the broker notes, with a robust production volume outlook, despite recent commodity price volatility. Rental revenue grew 14% year on year, largely underpinned by the increase in services across fully maintained projects. Emeco's 2H26 focus will be on maintaining its safety record, ongoing improvement of financial metrics including the return on capital target of 20% and increased cash flow, fleet utilisation and optimisation. The group will continue to expand its maintenance services offering as it grows fully maintained rental projects, Macquarie notes. Recent share price strength leads the broker to downgrade to Neutral from Outperform. Target unchanged at $1.40. FORECAST Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of 16.30 cents. Macquarie forecasts a full year FY27 dividend of 0.00 cents and EPS of 18.60 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Macquarie

23/02/2026

Downgrade to Neutral from Outperform

$1.40

6.87%

Emeco Holdings' 1H26 operating earnings were largely in line with Macquarie. Mining sector operating conditions remain positive, the broker notes, with a robust production volume outlook, despite recent commodity price volatility.

Rental revenue grew 14% year on year, largely underpinned by the increase in services across fully maintained projects. Emeco's 2H26 focus will be on maintaining its safety record, ongoing improvement of financial metrics including the return on capital target of 20% and increased cash flow, fleet utilisation and optimisation.

The group will continue to expand its maintenance services offering as it grows fully maintained rental projects, Macquarie notes. Recent share price strength leads the broker to downgrade to Neutral from Outperform. Target unchanged at $1.40.

FORECAST
Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of 16.30 cents.
Macquarie forecasts a full year FY27 dividend of 0.00 cents and EPS of 18.60 cents.

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EXTRA COVERAGE

Display All Commentary

No. Of Recommendations

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
Jarden	xx/xx/xxxx	3	xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Canaccord Genuity	25/08/2025	1	Buy	$1.23	-6.11%	Canaccord Genuity believes Emeco Holdings' FY25 result highlights its resilient business model despite weather impacts, with operating net profit and net debt beating its forecasts. Operating EBITDA was a 1% beat vs the broker's forecast on improved revenue mix, cost management, procurement savings, lower R&M costs and reduced overheads. The broker sees potential for capital management after a likely debt refinance, with share buyback a likely option. Exit from underground contract mining is also a positive. FY26 net profit lifted by 3% and FY27 by 12%. Buy. Target rises to $1.23 from $1.13. FORECAST Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 16.50 cents. Canaccord Genuity forecasts a full year FY27 dividend of 3.60 cents and EPS of 18.10 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Jarden

xx/xx/xxxx

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Canaccord Genuity

25/08/2025

Buy

$1.23

-6.11%

Canaccord Genuity believes Emeco Holdings' FY25 result highlights its resilient business model despite weather impacts, with operating net profit and net debt beating its forecasts.

Operating EBITDA was a 1% beat vs the broker's forecast on improved revenue mix, cost management, procurement savings, lower R&M costs and reduced overheads.

The broker sees potential for capital management after a likely debt refinance, with share buyback a likely option. Exit from underground contract mining is also a positive.

FY26 net profit lifted by 3% and FY27 by 12%.

Buy. Target rises to $1.23 from $1.13.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 16.50 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 3.60 cents and EPS of 18.10 cents.

Access Extra Coverage Research History >

EHL STOCK CHART

FNArena News on EHL

1	In Case You Missed It – BC Extra Upgrades & Downgrades – 27-02-26 Feb 27 2026 - Weekly Reports

2	FNArena Corporate Results Monitor – 23-02-2026 Feb 23 2026 - Australia

3	Australian Broker Call Extra Edition – Feb 23, 2026 Feb 23 2026 - Daily Market Reports

4	Next Week At A Glance – 29 Sep – 3 Oct 2025 Sep 26 2025 - Weekly Reports

5	Rudi’s View: August Results; Standouts, Turnarounds, Failures & Misfits Sep 10 2025 - Rudi's View

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Dividend Yield Today On Last Actual Payout :	0.00
Estimated Dividend Growth (Average Of Past Three Years)	%
Amount Invested	$
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EMECO HOLDINGS LIMITED (EHL)
Share Price Analysis and Chart