NRW HOLDINGS LIMITED (NWH)
Share Price Analysis and Chart

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NWH - NRW HOLDINGS LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 1.01
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

$3.91

20 Nov
2024

-0.090

OPEN

$4.00

-2.25%

HIGH

$4.00

682,579

LOW

$3.89

TARGET
$3.768 -3.6% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . CDD . DOW . EHL . GNG . IMD . IPG . IPL . LBL . LYL . MAD . MAH . MIN . MLG . MND . MSV . MYE . ORI . PRN . RAN . RCR . RDG . RUL . SGH . SRG . SXE . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
NWH: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 23.2 29.0 xxx
DPS (cps) xxx 15.5 16.1 xxx
EPS Growth xxx 21.8% 25.4% xxx
DPS Growth xxx - 6.1% 4.1% xxx
PE Ratio xxx N/A 13.5 xxx
Dividend Yield xxx N/A 4.1% xxx
Div Pay Ratio(%) xxx 67.0% 55.6% xxx

Dividend yield today if purchased 3 years ago: 9.45%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.95

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: 19/09 - ex-div 9c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx23.2
DPS All xxxxxxxxxxxxxxx15.5
Sales/Revenue xxxxxxxxxxxxxxx2,913.0 M
Book Value Per Share xxxxxxxxxxxxxxx143.4
Net Operating Cash Flow xxxxxxxxxxxxxxx233.5 M
Net Profit Margin xxxxxxxxxxxxxxx3.61 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx16.65 %
Return on Invested Capital xxxxxxxxxxxxxxx12.27 %
Return on Assets xxxxxxxxxxxxxxx6.45 %
Return on Equity xxxxxxxxxxxxxxx16.65 %
Return on Total Capital xxxxxxxxxxxxxxx18.53 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-25.0 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx94 M
Long Term Debt xxxxxxxxxxxxxxx232 M
Total Debt xxxxxxxxxxxxxxx325 M
Goodwill - Gross xxxxxxxxxxxxxxx170 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx247 M
Price To Book Value xxxxxxxxxxxxxxx2.16

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx194.8 M
Capex % of Sales xxxxxxxxxxxxxxx6.69 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,456 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx281 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4 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

0.8

No. Of Recommendations

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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Macquarie

16/08/2024

3

Neutral

$3.37

-13.81%

NRW Holdings delivered FY24 earnings and FY25 guidance above Macquarie's expectations, including growth in revenues with margin improvements.

Notably, civil/mining and Met margins advanced by 70/10/100basis points, respectively, with the broker looking for civil/Met margins to continue to improve.

FY25 guidance is assisted by a robust order book of $5.5bn, the analyst notes, with $2.9bn set for delivery in the current fiscal year. Mining represents $3.5bn in active tenders of the group's total with a pipeline of $16.4bn.

EPS forecasts are revised by 5% and 6% for FY25/FY26, respectively. Macquarie's earnings upgrades are offset by higher depreciation/amortisation charges, alongside net interest and tax cost increases.

Target price lifted to $3.37 from $2.70. No change in Neutral rating.

FORECAST
Macquarie forecasts a full year FY25 dividend of 15.00 cents and EPS of 28.30 cents.
Macquarie forecasts a full year FY26 dividend of 15.00 cents and EPS of 29.20 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

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Canaccord Genuity

20/08/2024

1

Buy

$3.82

-2.30%

NRW Holdings produced earnings in FY24 that were largely in line with forecasts. Guidance for FY25 was ahead of Canaccord Genuity's expectations amid a doubling of active tenders. The company has already secured $2.9bn in work for the year.

In addition, management expects expenditure should fall -5-10% and that should support free cash flow. The broker continues to envisage upside to the share price and maintains a Buy rating. Target rises to $3.82 from $3.47.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 17.10 cents and EPS of 30.20 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 18.30 cents and EPS of 32.30 cents.

Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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NWH STOCK CHART

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