DOWNER EDI LIMITED (DOW)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

DOW - DOWNER EDI LIMITED

FNArena Sector : Industrial Sector Contractors & Engineers
Year End: June
GICS Industry Group : Commercial & Professional Services
Debt/EBITDA: 3.96
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

$4.24

30 Nov
2023

0.150

OPEN

$4.13

3.67%

HIGH

$4.24

2,556,658

LOW

$4.09

TARGET
$4.75 12.0% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . AVD . BSA . CG1 . CLG . CVL . CWY . CXL . DUR . EGN . EVS . FLC . IPG . LBL . MAD . PPK . SDV . SHA . SND . SSM . VEE .
FNARENA'S MARKET CONSENSUS FORECASTS
DOW: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 59.0 27.6 xxx
DPS (cps) xxx 13.0 16.5 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 45.8% 26.5% xxx
PE Ratio xxx N/A 15.1 xxx
Dividend Yield xxx N/A 4.0% xxx
Div Pay Ratio(%) xxx N/A 59.6% xxx

Dividend yield today if purchased 3 years ago: 2.46%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.13

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: 23/08 - ex-div 8c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-59.0
DPS All xxxxxxxxxxxxxxx13.0
Sales/Revenue xxxxxxxxxxxxxxx11,635.5 M
Book Value Per Share xxxxxxxxxxxxxxx314.9
Net Operating Cash Flow xxxxxxxxxxxxxxx318.2 M
Net Profit Margin xxxxxxxxxxxxxxx-3.31 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-16.63 %
Return on Invested Capital xxxxxxxxxxxxxxx-8.67 %
Return on Assets xxxxxxxxxxxxxxx-5.09 %
Return on Equity xxxxxxxxxxxxxxx-15.06 %
Return on Total Capital xxxxxxxxxxxxxxx4.44 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-37.8 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx135 M
Long Term Debt xxxxxxxxxxxxxxx1,998 M
Total Debt xxxxxxxxxxxxxxx2,134 M
Goodwill - Gross xxxxxxxxxxxxxxx2,563 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx889 M
Price To Book Value xxxxxxxxxxxxxxx1.31

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx263.0 M
Capex % of Sales xxxxxxxxxxxxxxx2.26 %
Cost of Goods Sold xxxxxxxxxxxxxxx10,352 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,080 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx211 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

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

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

UBS

23/11/2023

3

Neutral

$4.55

7.31%

Downer EDI has reiterated its view that FY24 is a "transition year" at its recent annual general, expecting to cycle loss-making and low-margin contracts, alongside implementing a -$100m cost out. 

While this leaves Downer EDI with a second half weighting for the year, UBS calculates year-to-date earnings are tracking on the previous year.

The broker anticipates 14% growth over FY24, underpinned by the utilities business returning to modest profit in the second half. 

The Neutral rating is retained and the target price increased to $4.55 from $4.50.

FORECAST
UBS forecasts a full year FY24 EPS of 28.00 cents.
UBS forecasts a full year FY25 EPS of 35.00 cents.

Ord Minnett

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 Stockbroker Research History >

DOW STOCK CHART

FNArena News on DOW

1
Australian Broker Call *Extra* Edition – Nov 30, 2023

Nov 30 2023 - Daily Market Reports
2
ESG Focus: Day Of The TRIFRS

Nov 09 2023 - ESG Focus
3
Rudi’s View: CSL, ResMed, Domino’s Pizza, Helloworld, Iress and Liontown

Oct 11 2023 - Rudi's View
4
Rudi’s Views: August 2023 – Winners & Losers

Sep 13 2023 - Rudi's View
5
FNArena Corporate Results Monitor – 11-08-2023

Aug 11 2023 - Australia

Latest Industrial Sector Contractors & Engineers News

1
In The Bin; ASX-Listed Waste Companies

Nov 02 2023 - Australia
2
Treasure Chest: ALS Has A Turn-Around Option

Sep 19 2023 - Treasure Chest
3
ESG Focus: Waste To Energy Innovators

Jul 18 2023 - ESG Focus
4
ESG Focus: Waste to Energy Firing Up

Jun 30 2023 - ESG Focus
5
Upgrades Reflect Cost Control at ALS

Mar 31 2023 - Australia
6
Cleanaway: Wait For Cheaper Prices

Oct 11 2022 - Technicals
7
New Age Drives Growth For ALS

Sep 14 2022 - Australia
8
High Growth To Be High Cost For Cleanaway

Jun 15 2022 - Australia
9
New Growth Pathway for Cleanaway Waste Management

Mar 14 2022 - Australia
10
Better Times Ahead For Contractors

Sep 10 2021 - Australia