ORICA LIMITED (ORI)
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ORI

ORI - ORICA LIMITED

FNArena Sector : Mining Sector Contracting
Year End: September
GICS Industry Group : Materials
Debt/EBITDA: 2.15
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Orica is an Australian multinational company that is one of the world's largest providers of commercial explosives and blasting systems to the mining, quarrying, oil and gas and construction industry.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$19.22

17 Jun
2025

0.160

OPEN

$19.07

0.84%

HIGH

$19.29

897,406

LOW

$19.03

TARGET
$21.805 13.4% upside
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 . NWH . PRN . RAN . RCR . RDG . RUL . SGH . SRG . SXE . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
ORI: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 110.7 106.8 xxx
DPS (cps) xxx 47.0 56.2 xxx
EPS Growth xxx 70.1% - 3.6% xxx
DPS Growth xxx 9.3% 19.6% xxx
PE Ratio xxx N/A 18.0 xxx
Dividend Yield xxx N/A 2.9% xxx
Div Pay Ratio(%) xxx 42.4% 52.7% xxx

Dividend yield today if purchased 3 years ago: 3.11%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.45

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: 22/11 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx110.7
DPS All xxxxxxxxxxxxxxx47.0
Sales/Revenue xxxxxxxxxxxxxxx7,662.8 M
Book Value Per Share xxxxxxxxxxxxxxx915.6
Net Operating Cash Flow xxxxxxxxxxxxxxx807.5 M
Net Profit Margin xxxxxxxxxxxxxxx6.85 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx12.42 %
Return on Invested Capital xxxxxxxxxxxxxxx8.01 %
Return on Assets xxxxxxxxxxxxxxx5.62 %
Return on Equity xxxxxxxxxxxxxxx12.42 %
Return on Total Capital xxxxxxxxxxxxxxx10.82 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx202.2 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 xxxxxxxxxxxxxxx169 M
Long Term Debt xxxxxxxxxxxxxxx2,352 M
Total Debt xxxxxxxxxxxxxxx2,521 M
Goodwill - Gross xxxxxxxxxxxxxxx2,534 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx581 M
Price To Book Value xxxxxxxxxxxxxxx2.03

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx456.4 M
Capex % of Sales xxxxxxxxxxxxxxx5.96 %
Cost of Goods Sold xxxxxxxxxxxxxxx6,322 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx610 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx321 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

1.0

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

09/05/2025

1

Buy

$22.00

14.46%

UBS maintains a Buy rating on Orica and keeps the price target unchanged at $22. The 1H25 result is labelled as "strong", with EPS up 33%, 10% ahead of consensus.

Identified drivers include a better-than-expected APAC result, re-pricing in ammonium nitrate, rising demand for blasting technology, and a one-off carbon credit sale.

The company reiterated guidance for FY25 EBIT growth of circa 20% and pointed to multiple drivers supporting ongoing growth into FY26, including Cyanco integration and increased NaCN output.

UBS forecasts FY25 EPS of 103c, rising to 112c in FY26 and 121c in FY27, with no changes to estimates.

The broker highlights a sustainable double-digit EPS growth outlook and notes further upside from a $400m buy-back supporting re-rating potential.

FORECAST
UBS forecasts a full year FY25 dividend of 54.00 cents and EPS of 103.00 cents.
UBS forecasts a full year FY26 dividend of 59.00 cents and EPS of 112.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
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

Jarden

13/05/2025

2

Overweight

$19.70

2.50%

Orica delivered a strong 1H25 result, in Jarden's view. Underlying earnings (EBIT) up by over 30% to $472m, driven by favourable pricing and mix in Blasting Solutions, observes the broker, despite volume weakness in North America and the LatAm region.

Core EPS of 51c was up by 33% and exceeded the consensus forecasts by 10%, highlight the analysts, supported by firm cost control and strong margin performance across key segments.

The Blasting Solutions segment has been nominated as the standout, posting $435m in earnings, up by 29%, largely from price/mix tailwinds and improved unit profitability, particularly in the APAC region.

While volume headwinds persist, the broker expects price/mix benefits to continue driving earnings through FY26. Free cash flow remains robust, allowing for capital returns including a $400m buyback and rising dividends, point out the analysts.

Jarden raises its target price to $19.70 from $17.90 and maintains an Overweight rating.

FORECAST
Jarden forecasts a full year FY25 dividend of 56.20 cents and EPS of 106.90 cents.
Jarden forecasts a full year FY26 dividend of 64.30 cents and EPS of 120.70 cents.
Access Extra Coverage Research History >

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