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

$21.39

22 Sep
2025

0.270

OPEN

$21.25

1.28%

HIGH

$21.40

1,875,194

LOW

$21.18

TARGET
$23.216 8.5% 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 . RUL . SGH . SRG . SXE . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
ORI: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 110.7 107.2 xxx
DPS (cps) xxx 47.0 56.8 xxx
EPS Growth xxx 70.1% - 3.2% xxx
DPS Growth xxx 9.3% 20.9% xxx
PE Ratio xxx N/A 20.0 xxx
Dividend Yield xxx N/A 2.7% xxx
Div Pay Ratio(%) xxx 42.4% 53.0% xxx

Dividend yield today if purchased 3 years ago: 3.42%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.23

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

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

08/09/2025

1

Buy

$24.76

15.76%

Orica is due to report FY25 results on November 13, with the latest trading update coming in stronger than expected, according to Morgans, and the company appears in place to achieve another robust earnings report.

Improved performance across all three divisions has been retained in 2H25, with earnings typically skewed to this period. The analyst flags a circa 48%/52% 1H25/2H25 skew, with underlying net profit after tax forecast to rise 28% on FY24.

Management is expected to maintain robust outlook commentary, with digital solutions aiming for double-digit earnings growth over the next few years, and speciality mining chemicals should also report double-digit earnings growth.

Morgans lifts earnings (EBIT) forecasts by 0.7% and 1.3% for FY25/FY26. Target price rises to $24.76 from $21.70. Buy rated.

FORECAST
Morgans forecasts a full year FY25 dividend of 59.00 cents and EPS of 109.00 cents.
Morgans forecasts a full year FY26 dividend of 68.00 cents and EPS of 123.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$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

-7.90%

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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