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

$26.03

09 Feb
2026

0.870

OPEN

$25.42

3.46%

HIGH

$26.07

1,575,114

LOW

$25.30

TARGET
$27.507

+0.36 change from previous day

 5.7% 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 . RUL . SGH . SRG . SXE . VBC . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
ORI: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 33.5 124.0 xxx
DPS (cps) xxx 57.0 64.2 xxx
EPS Growth xxx - 69.7% 100.0% xxx
DPS Growth xxx 21.3% 12.7% xxx
PE Ratio xxx N/A 20.6 xxx
Dividend Yield xxx N/A 2.5% xxx
Div Pay Ratio(%) xxx 169.9% 51.8% xxx

Dividend yield today if purchased 3 years ago: 3.68%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.23

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: 21/11 - (franking ex-di

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

1.0

No. Of Recommendations

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

Bell Potter

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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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

14/11/2025

1

Buy

$27.10

4.11%

After further analysis of Orica's FY25 results, Citi raises its target to $27.10 from $24.05 due to a higher valuation multiple to reflect an improving outlook across both Blasting Solutions and Beyond Blasting. Buy retained.

Two prior summaries by FNArena of these results follow.

Following the company call post-FY25 result, Citi is more positive on Orica, noting the company's confidence in Blasting Solutions growth through FY26, supported by digital expansion and a stable supply outlook.

Digital Solutions and Specialty Chemicals momentum is set to accelerate, with new Axis products doubling TAM and rising gold, copper, and critical minerals activity boosting demand, the broker highlights.

At first glance, the broker described the result as "solid," with revenue of $8.15bn, earnings (EBIT) of $992m, and EPS growth of 29.5%.

Share price was seen trending up on solid earnings growth momentum, the broker wrote.

The broker highlighted stronger performances from Blasting Solutions and Specialty Mining Chemicals, but Digital Solutions missed the forecast, though margins improved.

A final dividend of 57c was declared, 1% ahead of the consensus forecast, notes Citi.

FORECAST
Citi forecasts a full year FY26 dividend of 64.00 cents and EPS of 121.20 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$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

19/11/2025

2

Overweight

$25.60

-1.65%

Jarden notes the FY25 results from Orica were characterised by strong performance in specialty chemicals, underpinned by successful M&A integration and robust market conditions in gold and copper.

The business is considered well-placed to capitalise on the fundamentals of both demand and rationality in the key explosives market.

The broker suspects the earnings growth profile and potential for further capital returns should appeal to investors and maintains an Overweight rating and $25.60 target.

FORECAST
Jarden forecasts a full year FY26 dividend of 66.90 cents and EPS of 122.90 cents.
Jarden forecasts a full year FY27 dividend of 78.10 cents and EPS of 129.20 cents.
Access Extra Coverage Research History >

ORI STOCK CHART

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