NRW HOLDINGS LIMITED (NWH)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

NWH

NWH - NRW HOLDINGS LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 1.65
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

$6.53

26 Feb
2026

0.080

OPEN

$6.50

1.24%

HIGH

$6.58

963,365

LOW

$6.47

TARGET
$6.763 3.6% 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 . VBC . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
NWH: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 6.1 37.7 xxx
DPS (cps) xxx 16.5 20.4 xxx
EPS Growth xxx - 73.8% 100.0% xxx
DPS Growth xxx 6.5% 23.5% xxx
PE Ratio xxx N/A 17.4 xxx
Dividend Yield xxx N/A 3.1% xxx
Div Pay Ratio(%) xxx 272.3% 54.1% xxx

Dividend yield today if purchased 3 years ago: 6.52%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.52

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: 18/09 - ex-div 9.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx6.1
DPS All xxxxxxxxxxxxxxx16.5
Sales/Revenue xxxxxxxxxxxxxxx3,267.7 M
Book Value Per Share xxxxxxxxxxxxxxx133.4
Net Operating Cash Flow xxxxxxxxxxxxxxx251.5 M
Net Profit Margin xxxxxxxxxxxxxxx0.85 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx4.38 %
Return on Invested Capital xxxxxxxxxxxxxxx3.09 %
Return on Assets xxxxxxxxxxxxxxx1.60 %
Return on Equity xxxxxxxxxxxxxxx4.38 %
Return on Total Capital xxxxxxxxxxxxxxx5.86 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx34.1 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 xxxxxxxxxxxxxxx115 M
Long Term Debt xxxxxxxxxxxxxxx296 M
Total Debt xxxxxxxxxxxxxxx411 M
Goodwill - Gross xxxxxxxxxxxxxxx170 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx266 M
Price To Book Value xxxxxxxxxxxxxxx2.24

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx154.4 M
Capex % of Sales xxxxxxxxxxxxxxx4.73 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,789 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx421 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx7 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

0.9

No. Of Recommendations

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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

20/02/2026

2

Accumulate

$6.60

1.07%

NRW Holdings posted a "knockout" 1H26 result, Morgans suggests, with all operating metrics well ahead of expectations. The broker believes the company is undoubtedly well positioned to deliver on its upgraded earnings guidance.

Though NRW has a large capital intensive contract mining business, it is well diversified with its legacy civil construction business as well as its more recently formed engineering business, Morgans notes.

The company had a tumultuous year in FY25 as it faced cash collection issues and inclement weather in Queensland. Going forward, each business has significant tailwinds, Morgans suggests. Target rises to $6.60 from $6.00, Accumulate retained.

FORECAST
Morgans forecasts a full year FY26 dividend of 19.00 cents and EPS of 38.00 cents.
Morgans forecasts a full year FY27 dividend of 20.00 cents and EPS of 40.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
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%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Canaccord Genuity

16/10/2025

1

Buy

$5.20

-20.37%

Post completion of the Fredon acquisition, NRW Holdings has given a trading update which beat Canaccord Genuity's expectations and points to a robust 1Q26 operating performance.

Against a positive mining macro backdrop, the company experienced better activity levels across all segments of the business as well as better weather in Qld.

FY26 guidance is for revenue over $4bn versus the analyst’s $4.1bn forecast and earnings (EBITDA) of $255m-$265m. At the midpoint, the new guidance infers a 4% earnings upgrade to the previous Canaccord estimate.

Buy rating maintained with a rise in the target price to $5.20 from $4.77. Although a material contract is concluding in FY27, the analyst points to a very strong pipeline.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 20.60 cents and EPS of 34.70 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 22.40 cents and EPS of 37.90 cents.

Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Extra Coverage Research History >

NWH STOCK CHART

FNArena News on NWH

1
Rudi’s View: Positives From February Results

Feb 26 2026 - Rudi's View
2
Strong Momentum Guides NRW Holdings’ Outlook

Feb 25 2026 - Commodities
3
Australian Broker Call *Extra* Edition – Feb 24, 2026

Feb 24 2026 - Daily Market Reports
4
FNArena Corporate Results Monitor – 20-02-2026

Feb 20 2026 - Australia
5
Rudi Interviewed: February Is Less About Earnings

Feb 12 2026 - Rudi's View

Latest Mining Sector Contracting News

1
Imdex Rides The Exploration Wave

Feb 26 2026 - Commodities
2
Strong Momentum Guides NRW Holdings’ Outlook

Feb 25 2026 - Commodities
3
Imdex Builds Rock Knowledge Acquisitively

Dec 11 2025 - Small Caps
4
Mader Group’s Competitive Advantages

Nov 19 2025 - Small Caps
5
Solid Momentum Drives Orica’s FY26 Optimism

Nov 17 2025 - Australia
6
Another Step-Change In Growth For SRG Global

Oct 22 2025 - Small Caps
7
A Fresh Upgrade Cycle For Monadelphous?

Sep 11 2025 - Australia
8
NRW Holdings Happily Says Goodbye To FY25

Aug 27 2025 - Small Caps
9
Treasure Chest: Imdex

Jul 31 2025 - Treasure Chest
10
Dyno Nobel Flicks The Switch To Blasting

May 15 2025 - Australia