DOWNER EDI LIMITED (DOW)
Share Price Analysis and Chart

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DOW - DOWNER EDI LIMITED

FNArena Sector : Industrial Sector Contractors & Engineers
Year End: June
GICS Industry Group : Commercial & Professional Services
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Downer Edi designs, builds and services assets and infrastructure across a wide range of industries including the mining, transport and oil and gas sectors. The company is the number one builder of roads in Australia. It is listed on the ASX and the NZX.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.37

20 Mar
2023

-0.020

OPEN

$3.32

-0.59%

HIGH

$3.40

1,744,597

LOW

$3.31

TARGET
$4.088 21.3% upside
Franking for last dividend paid out: 0%
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FNARENA'S MARKET CONSENSUS FORECASTS
DOW: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 21.3 22.9 xxx
DPS (cps) xxx 24.0 12.0 xxx
EPS Growth xxx - 16.0% 7.5% xxx
DPS Growth xxx 14.3% - 50.0% xxx
PE Ratio xxx N/A 14.7 xxx
Dividend Yield xxx N/A 3.6% xxx
Div Pay Ratio(%) xxx 112.7% 52.4% xxx

Dividend yield today if purchased 3 years ago: 7.59%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.08

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: 10/03 - ex-div 5c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx21.3
DPS All xxxxxxxxxxxxxxx24.0
Sales/Revenue xxxxxxxxxxxxxxx10,965.7 M
Book Value Per Share xxxxxxxxxxxxxxx393.8
Net Operating Cash Flow xxxxxxxxxxxxxxx495.4 M
Net Profit Margin xxxxxxxxxxxxxxx1.38 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx5.37 %
Return on Invested Capital xxxxxxxxxxxxxxx3.28 %
Return on Assets xxxxxxxxxxxxxxx1.90 %
Return on Equity xxxxxxxxxxxxxxx5.24 %
Return on Total Capital xxxxxxxxxxxxxxx4.34 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx80.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.5

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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

Credit Suisse

28/02/2023

1

Outperform

$4.20

24.63%

Downer EDI reported first half underlying profit of $68m versus Credit Suisse' $75.3m forecast. Operating cashflow conversion of 8.5% caused further concerns and FY23 guidance was reduced to $170-190m from $210-230m previously.

The new CEO announced a transformation program which the broker has not formally adopted into its numbers even though it is primarily a cost-out exercise. The broker does see some modest margin expansion.

Credit Suisse believes the second half will provide a clearer path to likely FY24 earnings and in turn a rebuild in valuation for the company as investors get a better look at operating performance in a more ‘normal’ environment.

Target falls to $4.20 from $4.50, Outperform retained.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

DOW STOCK CHART

FNArena News on DOW

1
Rudi’s View: Fear & Greed (Rinse & Repeat)

Mar 15 2023 - Rudi's View
2
Rudi’s View: February’s Sobering Reality Check

Mar 01 2023 - Rudi's View
3
FNArena Corporate Results Monitor – 28-02-2023

Feb 28 2023 - Australia
4
Weekly Ratings, Targets, Forecast Changes – 09-12-22

Dec 12 2022 - Weekly Reports
5
Weekly Ratings, Targets, Forecast Changes – 04-11-22

Nov 07 2022 - Weekly Reports

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