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: 2.16
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

$22.50

06 Nov
2026

-0.420

OPEN

$22.70

-1.83%

HIGH

$22.84

1,031,132

LOW

$22.12

TARGET
$26.289 16.8% 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 . RKT . SGH . SRG . SXE . TEA . VBC . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
ORI: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 33.5 122.1 xxx
DPS (cps) xxx 57.0 62.7 xxx
EPS Growth xxx - 69.7% 100.0% xxx
DPS Growth xxx 21.3% 9.9% xxx
PE Ratio xxx N/A 18.1 xxx
Dividend Yield xxx N/A 2.8% xxx
Div Pay Ratio(%) xxx 169.9% 51.3% xxx

Dividend yield today if purchased 3 years ago: 3.68%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.58

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: 21/05 - (franking ex-div 28.50c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx33.5
DPS All xxxxxxxxxxxxxxx57.0
Sales/Revenue xxxxxxxxxxxxxxx8,144.5 M
Book Value Per Share xxxxxxxxxxxxxxx891.3
Net Operating Cash Flow xxxxxxxxxxxxxxx949.2 M
Net Profit Margin xxxxxxxxxxxxxxx1.99 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx3.76 %
Return on Invested Capital xxxxxxxxxxxxxxx2.36 %
Return on Assets xxxxxxxxxxxxxxx1.63 %
Return on Equity xxxxxxxxxxxxxxx3.76 %
Return on Total Capital xxxxxxxxxxxxxxx12.38 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx312.7 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 xxxxxxxxxxxxxxx209 M
Long Term Debt xxxxxxxxxxxxxxx2,796 M
Total Debt xxxxxxxxxxxxxxx3,005 M
Goodwill - Gross xxxxxxxxxxxxxxx2,595 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx747 M
Price To Book Value xxxxxxxxxxxxxxx2.37

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx414.5 M
Capex % of Sales xxxxxxxxxxxxxxx5.09 %
Cost of Goods Sold xxxxxxxxxxxxxxx6,590 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx667 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx365 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

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

UBS

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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Morgans

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Ord Minnett

10/09/2026

1

Buy

$26.00

15.56%

Ord Minnett believes investors remain concerned about Orica's North American ammonium nitrate supply after CF Industries terminated a contract covering around half of its regional blasting business.

The earnings impact is expected to be manageable as North American blasting contributed only around 10% of FY25 earnings (EBIT). Cost reductions offer further protection, the analyst explains.

Commentary adds stronger sodium cyanide pricing and plant utilisation could more than offset this pressure, as global production capacity is fully committed and gold producers remain highly profitable.

A stronger Australian dollar outweighs the broker's upgraded Chemicals forecasts, prompting FY26, FY27 and FY28 EPS reductions of -1.9%, -2.9% and -3.3%, respectively.

Target unchanged at $26.00. Buy rating retained.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 65.00 cents and EPS of 123.00 cents.
Ord Minnett forecasts a full year FY27 dividend of 76.00 cents and EPS of 142.00 cents.

Bell Potter

xx/xx/xxxx

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xxx

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xx.xx%

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Citi

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

30/10/2026

1

Upgrade to Buy from Overweight

$26.00

15.56%

Jarden upgrades to a Buy rating for Orica with its target price decreased to $26.00 from $26.40 ahead of the FY26 result scheduled for November.

Forecast FY26 underlying EBIT of $1,045m sits slightly ahead of consensus expectations of $1,039m.

The analyst notes a recent update provided confidence regarding US ammonium nitrate supply for FY27, though concerns remain over the short 12-month contract duration and potential margin impacts from higher sourcing costs.

The company intends to mitigate the cost impost through targeted savings initiatives.

Jarden downgrades core EPS estimates by -2% across FY27 and FY28 to account for weaker Blasting Solutions EBIT expectations, driving the target price reduction alongside updated valuation inputs.
Access Extra Coverage Research History >

ORI STOCK CHART

FNArena News on ORI

1
Rudi’s View: Previews To November Results

Nov 05 2026 - Rudi's View
2
October In Review: ASX Gains From AI Fallout

Nov 04 2026 - Australia
3
In Case You Missed It – BC Extra Upgrades & Downgrades – 30-10-26

Oct 30 2026 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Oct 30, 2026

Oct 30 2026 - Daily Market Reports
5
Rudi’s View: High Conviction ASX Opportunities

Oct 29 2026 - Rudi's View

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