ORICA LIMITED (ORI)
Share Price Analysis and Chart

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ORI - ORICA LIMITED

FNArena Sector : Mining Sector Contracting
Year End: September
GICS Industry Group : Materials
Index: ASX50 | 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

$12.50

03 Mar
2021

0.000

OPEN

$12.54

0.000

HIGH

$12.75

1,414,494

LOW

$12.50

TARGET
$14.909 19.3% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
AAX . ALQ . ARI . BLY . CDD . DOW . EHL . IPL . LCM . MAH . MIN . MND . NWH . RCR . SDM . SVW . HDX . MSV . PRN . RAN . DCG . ANG . GNG . RUL . MAD . PGX . IMD . LYL . MYE . SXE . CDA . XRF . MLD . CXL . SRG . LBL .
MARKET CONSENSUS FORECAST
ORI: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 42.5 56.0 xxx
DPS (cps) xxx 33.0 30.0 xxx
EPS Growth xxx - 34.1% 31.8% xxx
DPS Growth xxx - 40.0% - 9.0% xxx
PE Ratio xxx N/A 22.6 xxx
Dividend Yield xxx N/A 2.4% xxx
Div Pay Ratio(%) xxx 77.6% 53.6% xxx

Dividend yield today if purchased 3 years ago: 1.83%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

2.61

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: 30/11 - 16.5c (0%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

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

UBS

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Credit Suisse

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

01/03/2021

3

Equal-weight

$14.00

12.00%

Morgan Stanley is disappointed by Orica's update which shows a meaningful hit to the profit in the first half led by a mix of temporary and structural issues. The impact to operating income was -$105- 125m, 40% of the broker's first-half operating income forecast of $288m.

While liking Orica's industry position, the broker notes the company has not capitalised on this for a number of years. Morgan Stanley expects a slower recovery in Australian thermal coal volumes and has reduced its FY21 operating income forecast by -26% to $448m.

Equal-weight with the target dropping to $14 from $16.50. Industry view is Cautious.

FORECAST
Morgan Stanley forecasts a full year FY21 dividend of 32.00 cents and EPS of 53.00 cents.
Morgan Stanley forecasts a full year FY22 dividend of 52.00 cents and EPS of 86.00 cents.

Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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ORI STOCK CHART