NRW HOLDINGS LIMITED (NWH)
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NWH

NWH - NRW HOLDINGS LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 1.14
Index: ASX200 | ASX300 | ALL-ORDS

NRW Holdings is an Australian mining and infrastructure services company with operations in several states. The company was founded in 1994 and listed on the ASX in 2007.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$7.80

26 Aug
2026

0.030

OPEN

$7.80

0.39%

HIGH

$7.94

1,445,816

LOW

$7.70

TARGET
$8.513 9.1% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . DNL . DOW . EHL . GNG . IMD . IPG . LBL . LYL . MAD . MAH . MIN . MLG . MND . MSV . MYE . ORI . PRN . RAN . RCR . SGH . SRG . SXE . TEA . VBC . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
NWH: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 33.4 43.5 xxx
DPS (cps) xxx 0.0 26.5 xxx
EPS Growth xxx 100.0% 30.3% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 17.8 xxx
Dividend Yield xxx N/A 3.4% xxx
Div Pay Ratio(%) xxx N/A 60.9% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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: 23/03 - ex-div 8.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx33.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx4,293.3 M
Book Value Per Share xxxxxxxxxxxxxxx150.1
Net Operating Cash Flow xxxxxxxxxxxxxxx327.3 M
Net Profit Margin xxxxxxxxxxxxxxx3.57 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx23.58 %
Return on Invested Capital xxxxxxxxxxxxxxx14.89 %
Return on Assets xxxxxxxxxxxxxxx7.38 %
Return on Equity xxxxxxxxxxxxxxx23.58 %
Return on Total Capital xxxxxxxxxxxxxxx26.05 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx99.8 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx122 M
Long Term Debt xxxxxxxxxxxxxxx463 M
Total Debt xxxxxxxxxxxxxxx585 M
Goodwill - Gross xxxxxxxxxxxxxxx311 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx320 M
Price To Book Value xxxxxxxxxxxxxxx4.96

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx151.0 M
Capex % of Sales xxxxxxxxxxxxxxx3.52 %
Cost of Goods Sold xxxxxxxxxxxxxxx3,466 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx528 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx9 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

0.6

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

21/08/2026

1

Outperform

$8.60

10.26%

Macquarie sees NRW Holdings' growth outlook strengthening, with the Fredon acquisition performing well and emerging as a key source of upside risk to FY27/FY28 consensus forecasts.

FY26 EBITA beat consensus by 3%, while FY27 guidance is around 5% above consensus at the midpoint, supported by strong momentum across Fredon, Mining and MET.

The broker highlights a record $29.1bn pipeline, including $11.1bn of actively tendered work, while Fredon is targeting 20% revenue growth and an exit EBITA margin of 6% in FY27.

FY27-FY29 EPS forecasts are lifted by 3%, 4% and 4%. Target rises 4% to $8.60. Outperform rated.

FORECAST
Macquarie forecasts a full year FY27 dividend of 30.00 cents and EPS of 43.30 cents.
Macquarie forecasts a full year FY28 dividend of 31.00 cents and EPS of 46.00 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

24/08/2026

2

Overweight

$8.00

2.56%

Jarden maintains its Overweight rating for NRW Holdings with its target price unchanged at $8.00 (previously $6.30) following a strong FY26 result where core net profit after tax reached $183m, beating market expectations by 4%.

The outperformance was driven by strong earnings from the newly acquired Fredon business, which positions the company well for accelerating growth alongside robust mining, engineering, and technology contributions.

Management issued FY27 guidance pointing to flat to slightly higher earnings in the mining, engineering, and technology segment while maintaining substantial upside from an extended mining cycle and electrical and HVAC investment.

The broker leaves near-term forecasts largely unchanged but highlights potential upside revisions as the financial year progresses.

FORECAST
Jarden forecasts a full year FY27 dividend of 25.00 cents and EPS of 45.80 cents.
Jarden forecasts a full year FY28 dividend of 26.00 cents and EPS of 48.60 cents.

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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NWH STOCK CHART

FNArena News on NWH

1
Rudi’s View: August Delivers Soft Guidance, Higher Dividends

Aug 26 2026 - Rudi's View
2
Australian Broker Call *Extra* Edition – Aug 25, 2026

Aug 25 2026 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Aug 24, 2026

Aug 24 2026 - Daily Market Reports
4
FNArena Corporate Results Monitor – 21-08-2026

Aug 21 2026 - Australia
5
Rudi’s View: Beats, Misses And Early AI Signals

Aug 19 2026 - Rudi's View

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