DYNO NOBEL LIMITED (DNL)
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DNL

DNL - DYNO NOBEL LIMITED

FNArena Sector : Mining Sector Contracting
Year End: September
GICS Industry Group : Materials
Debt/EBITDA: 2.63
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.33

18 Nov
2025

-0.090

OPEN

$3.39

-2.63%

HIGH

$3.43

5,043,408

LOW

$3.31

TARGET
$3.506 5.3% upside
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . DOW . EHL . GNG . IMD . IPG . LBL . LYL . MAD . MAH . MIN . MLG . MND . MSV . MYE . NWH . ORI . PRN . RAN . RCR . RUL . SGH . SRG . SXE . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
DNL: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 7.8 25.7 xxx
DPS (cps) xxx 11.9 12.5 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx - 67.3% 5.4% xxx
PE Ratio xxx N/A 13.0 xxx
Dividend Yield xxx N/A 3.8% xxx
Div Pay Ratio(%) xxx 151.8% 48.8% xxx

Dividend yield today if purchased 3 years ago: 3.04%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.57

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 © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx7.8
DPS All xxxxxxxxxxxxxxx11.9
Sales/Revenue xxxxxxxxxxxxxxx3,710.1 M
Book Value Per Share xxxxxxxxxxxxxxx246.8
Net Operating Cash Flow xxxxxxxxxxxxxxx574.7 M
Net Profit Margin xxxxxxxxxxxxxxx3.97 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx3.17 %
Return on Invested Capital xxxxxxxxxxxxxxx2.34 %
Return on Assets xxxxxxxxxxxxxxx1.81 %
Return on Equity xxxxxxxxxxxxxxx3.17 %
Return on Total Capital xxxxxxxxxxxxxxx7.30 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-61.8 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 xxxxxxxxxxxxxxx626 M
Long Term Debt xxxxxxxxxxxxxxx1,391 M
Total Debt xxxxxxxxxxxxxxx2,017 M
Goodwill - Gross xxxxxxxxxxxxxxx1,779 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx647 M
Price To Book Value xxxxxxxxxxxxxxx1.26

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx474.2 M
Capex % of Sales xxxxxxxxxxxxxxx12.78 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,688 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx538 M
Research & Development xxxxxxxxxxxxxxx23 M
Investments - Total xxxxxxxxxxxxxxx458 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

0.2

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Citi

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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UBS

11/11/2025

3

Neutral

$3.35

0.60%

UBS’s first snapshot take of Dyno Nobel was a “solid” FY25 result, with FY26 basically in line with both the broker’s and consensus expectations.

FY25 earnings (EBIT) rose 23%, which was a beat on both the analyst’s and consensus forecasts, with underlying net profit after tax up 6%, below both UBS and consensus, and operating cash flow rising 98%, a miss.

FY26 explosives outlook is expected at $460-$500m, with an earnings skew to 2H26 of 40:60. Phosphate Hill is guided between 790mt-850mt, which assumes FY26 operation.

The analyst points to explosives guidance slightly above expectations and the restart of the buyback with $470m remaining. No change to Neutral rating and $3.35 target price.

FORECAST
UBS forecasts a full year FY26 dividend of 12.00 cents and EPS of 25.00 cents.
UBS forecasts a full year FY27 dividend of 7.00 cents and EPS of 15.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

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
Access Extra Coverage Research History >

DNL STOCK CHART

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