DALRYMPLE BAY INFRASTRUCTURE LIMITED (DBI)
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DBI - DALRYMPLE BAY INFRASTRUCTURE LIMITED

FNArena Sector : Infrastructure & Utilities
Year End: December
GICS Industry Group : NONE
Debt/EBITDA: 7.99
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.80

22 Sep
2023

0.020

OPEN

$2.79

0.72%

HIGH

$2.80

203,533

LOW

$2.77

TARGET
$2.92 4.3% upside
Franking for last dividend paid out: 39%
OTHER COMPANIES IN THE SAME SECTOR
AGL . AIA . ALX . APA . CEN . GNP . MEZ . ORG . SRJ . TCL .
FNARENA'S MARKET CONSENSUS FORECASTS
DBI: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 13.9 18.2 xxx
DPS (cps) xxx 19.2 20.7 xxx
EPS Growth xxx - 46.3% 30.8% xxx
DPS Growth xxx 6.6% 7.9% xxx
PE Ratio xxx N/A 15.4 xxx
Dividend Yield xxx N/A 7.4% xxx
Div Pay Ratio(%) xxx 137.9% 113.7% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.85

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: 31/08 - ex-div 5.03c (franking 39%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 2019202020212022
EPS Basic xxxxxxxxx13.9
DPS All xxxxxxxxx19.2
Sales/Revenue xxxxxxxxx623.8 M
Book Value Per Share xxxxxxxxx233.6
Net Operating Cash Flow xxxxxxxxx189.3 M
Net Profit Margin xxxxxxxxx11.06 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2019202020212022
Return on Capital Employed xxxxxxxxx6.23 %
Return on Invested Capital xxxxxxxxx2.23 %
Return on Assets xxxxxxxxx1.88 %
Return on Equity xxxxxxxxx6.23 %
Return on Total Capital xxxxxxxxx6.92 %
Free Cash Flow ex dividends xxxxxxxxx96.7 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 2019202020212022
Short-Term Debt xxxxxxxxx440 M
Long Term Debt xxxxxxxxx1,707 M
Total Debt xxxxxxxxx2,146 M
Goodwill - Gross xxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxx193 M
Price To Book Value xxxxxxxxx1.04

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 2019202020212022
Capex xxxxxxxxx46.3 M
Capex % of Sales xxxxxxxxx7.43 %
Cost of Goods Sold xxxxxxxxx389 M
Selling, General & Admin. Exp & Other xxxxxxxxx6 M
Research & Development xxxxxxxxx-
Investments - Total xxxxxxxxx249 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

1.0

No. Of Recommendations

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

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Citi

29/08/2023

1

Buy

$3.00

7.14%

Dalrymple Bay Infrastructure's FY23 result edged out Citi's forecasts. Revenue met the broker, costs proved a beat, dividend outpaced and the Terminal Infrastructure Charge beat the broker by 2%.

Citi observes an uptrend in funding costs and expects this could offset strength going forward. But the broker appreciates the company's 8% yield and, given 90% of debt is hedged to FY26, the relative transparency of its business.

Buy rating retained. Target price rises to $3 from $2.80.

FORECAST
Citi forecasts a full year FY23 dividend of 20.60 cents and EPS of 18.20 cents.
Citi forecasts a full year FY24 dividend of 22.00 cents and EPS of 17.70 cents.
Access Stockbroker Research History >

DBI STOCK CHART

FNArena News on DBI

1
Rudi’s Views: August 2023 – Winners & Losers

Sep 13 2023 - Rudi's View
2
FNArena Corporate Results Monitor – 29-08-2023

Aug 29 2023 - Australia
3
In Brief: Infrastructure, Non-Banks, Mining Services & Affluent Aussies

Jul 07 2023 - Weekly Reports
4
Weekly Ratings, Targets, Forecast Changes – 26-05-23

May 29 2023 - Weekly Reports
5
Weekly Ratings, Targets, Forecast Changes – 21-04-23

Apr 24 2023 - Weekly Reports

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Book Excerpt: Need To Know About Investing In Infrastructure

Jun 09 2023 - Book Reviews
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The Prudence Of Infrastructure In A Recession

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