DRONESHIELD LIMITED (DRO)
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DRO

DRO - DRONESHIELD LIMITED

FNArena Sector : Hardware & Equipment
Year End: December
GICS Industry Group : Capital Goods
Debt/EBITDA: 2.18
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.69

26 Feb
2026

0.300

OPEN

$3.54

8.85%

HIGH

$3.76

17,364,001

LOW

$3.53

TARGET
$4.90

-0.10 change from previous day

 32.8% upside
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
DRO: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 0.4 6.5 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 55.7 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%

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx0.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx216.5 M
Book Value Per Share xxxxxxxxxxxxxxx36.9
Net Operating Cash Flow xxxxxxxxxxxxxxx24.1 M
Net Profit Margin xxxxxxxxxxxxxxx1.63 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx1.09 %
Return on Invested Capital xxxxxxxxxxxxxxx1.05 %
Return on Assets xxxxxxxxxxxxxxx0.92 %
Return on Equity xxxxxxxxxxxxxxx1.09 %
Return on Total Capital xxxxxxxxxxxxxxx-1.20 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx9.2 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx3 M
Long Term Debt xxxxxxxxxxxxxxx11 M
Total Debt xxxxxxxxxxxxxxx14 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx209 M
Price To Book Value xxxxxxxxxxxxxxx8.36

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx30.8 M
Capex % of Sales xxxxxxxxxxxxxxx14.24 %
Cost of Goods Sold xxxxxxxxxxxxxxx108 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx112 M
Research & Development xxxxxxxxxxxxxxx45 M
Investments - Total xxxxxxxxxxxxxxx1 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
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Sentiment Indicator

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Shaw and Partners

23/10/2025

1

Buy

$5.00

35.50%

Post DroneShield's September quarter update, Shaw and Partners lifts its target to $5 from $3.60.

The company announced a rise in revenue over the period of 1,091% y/y, with cash received at $77.4m and SaaS at $3.5m. Operating cash flow came in at $20.1m.

The analyst notes a 20% expected conversion from the pipeline, which stands at $2.55bn over 300-plus projects, to sales, which aligns with FY25 sales pipeline conversion at 18%. Management guided to sales of $130m in 4Q2025 and 1Q2026.

Shaw and Partners tweaks earnings forecasts for higher revenue and earnings, offset by an assumed lower gross margin to 65% from 70%, alongside a higher headcount. Net profit after tax forecasts lift 2.5% for 2025 and 8.1% for 2026.

A Buy, High Risk rating is retained.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 7.60 cents.
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EXTRA COVERAGE
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No. Of Recommendations

0

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
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DRO STOCK CHART

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