ORICA LIMITED (ORI)
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ORI - ORICA LIMITED

FNArena Sector : Mining Sector Contracting
Year End: September
GICS Industry Group : Materials
Debt/EBITDA: 2.74
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

$15.45

02 Oct
2023

-0.140

OPEN

$15.53

-0.90%

HIGH

$15.60

496,086

LOW

$15.39

TARGET
$17.925 16.0% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . BLY . C79 . CDA . CDD . DCG . DDH . DOW . EHL . GNG . IMD . IPG . IPL . LBL . LYL . MAD . MAH . MIN . MLG . MND . MSV . MYE . NWH . PRN . RAN . RCR . RDG . RUL . SRG . SVW . SXE . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
ORI: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 37.1 80.6 xxx
DPS (cps) xxx 35.0 41.4 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx 45.8% 18.2% xxx
PE Ratio xxx N/A 19.2 xxx
Dividend Yield xxx N/A 2.7% xxx
Div Pay Ratio(%) xxx 94.4% 51.4% xxx

Dividend yield today if purchased 3 years ago: 2.25%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.25

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: 25/05 - ex-div 18c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx37.1
DPS All xxxxxxxxxxxxxxx35.0
Sales/Revenue xxxxxxxxxxxxxxx7,096.4 M
Book Value Per Share xxxxxxxxxxxxxxx814.0
Net Operating Cash Flow xxxxxxxxxxxxxxx362.3 M
Net Profit Margin xxxxxxxxxxxxxxx2.05 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx4.54 %
Return on Invested Capital xxxxxxxxxxxxxxx2.81 %
Return on Assets xxxxxxxxxxxxxxx1.83 %
Return on Equity xxxxxxxxxxxxxxx4.54 %
Return on Total Capital xxxxxxxxxxxxxxx9.00 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-47.4 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 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx713 M
Long Term Debt xxxxxxxxxxxxxxx1,694 M
Total Debt xxxxxxxxxxxxxxx2,407 M
Goodwill - Gross xxxxxxxxxxxxxxx1,259 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,255 M
Price To Book Value xxxxxxxxxxxxxxx1.62

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx349.3 M
Capex % of Sales xxxxxxxxxxxxxxx4.92 %
Cost of Goods Sold xxxxxxxxxxxxxxx6,127 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx463 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx324 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

0.7

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

08/09/2023

3

Hold

$16.50

6.80%

Ord Minnett observes customers seeking productivity gains and sustainability outcomes are increasingly adopting premium products and new technology which should ultimately reflect in Orica's bottom line.

Generally the broker expects explosives will become a tighter market for re-contracting where there has already been "impressive" price increases since the end of FY21.

While the company has not provided any material update since the first half results and is not due to report full year earnings until November, Ord Minnett projects a five-year EBITDA growth rate of 10% to $1.4bn by FY27. Hold rating and $16.50 target.

FORECAST
Ord Minnett forecasts a full year FY23 dividend of 42.40 cents and EPS of 84.90 cents.
Ord Minnett forecasts a full year FY24 dividend of 52.40 cents and EPS of 104.80 cents.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

ORI STOCK CHART

FNArena News on ORI

1
Australian Broker Call *Extra* Edition – Sep 25, 2023

Sep 25 2023 - Daily Market Reports
2
Orica’s Green Ambitions Well-Received

Sep 25 2023 - Australia
3
Australian Broker Call *Extra* Edition – Sep 20, 2023

Sep 20 2023 - Daily Market Reports
4
Rudi’s Views: August 2023 – Winners & Losers

Sep 13 2023 - Rudi's View
5
Australian Broker Call *Extra* Edition – Aug 11, 2023

Aug 11 2023 - Daily Market Reports

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