NRW HOLDINGS LIMITED (NWH)
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NWH

NWH - NRW HOLDINGS LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 1.65
Index: ASX200 | ASX300 | ALL-ORDS

NRW Holdings is an Australian mining and infrastructure services company with operations in several states. The company was founded in 1994 and listed on the ASX in 2007.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.12

30 Apr
2026

0.110

OPEN

$5.93

1.83%

HIGH

$6.12

912,945

LOW

$5.93

TARGET
$6.63 8.3% upside
Franking for last dividend paid out: 100%
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 . ORI . PRN . RAN . RCR . SGH . SRG . SXE . VBC . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
NWH: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 6.1 37.7 xxx
DPS (cps) xxx 16.5 20.4 xxx
EPS Growth xxx - 73.8% 100.0% xxx
DPS Growth xxx 6.5% 23.5% xxx
PE Ratio xxx N/A 17.1 xxx
Dividend Yield xxx N/A 3.2% xxx
Div Pay Ratio(%) xxx 272.3% 54.1% xxx

Dividend yield today if purchased 3 years ago: 6.63%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.56

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: 18/09 - ex-div 9.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx6.1
DPS All xxxxxxxxxxxxxxx16.5
Sales/Revenue xxxxxxxxxxxxxxx3,267.7 M
Book Value Per Share xxxxxxxxxxxxxxx133.4
Net Operating Cash Flow xxxxxxxxxxxxxxx251.5 M
Net Profit Margin xxxxxxxxxxxxxxx0.85 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx4.38 %
Return on Invested Capital xxxxxxxxxxxxxxx3.09 %
Return on Assets xxxxxxxxxxxxxxx1.60 %
Return on Equity xxxxxxxxxxxxxxx4.38 %
Return on Total Capital xxxxxxxxxxxxxxx5.86 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx34.1 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 xxxxxxxxxxxxxxx115 M
Long Term Debt xxxxxxxxxxxxxxx296 M
Total Debt xxxxxxxxxxxxxxx411 M
Goodwill - Gross xxxxxxxxxxxxxxx170 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx266 M
Price To Book Value xxxxxxxxxxxxxxx2.24

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx154.4 M
Capex % of Sales xxxxxxxxxxxxxxx4.73 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,789 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx421 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx7 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

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxxxxxxxx xx xxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Morgans

26/03/2026

2

Accumulate

$6.60

7.84%

Morgans notes stocks within the Developers and Contractors sector have sold off sharply since the Iran conflict, reflecting concerns around a global slowdown and potential fuel-related disruptions.

Assuming conditions stabilise in the near term, the broker's preferred exposures are ALS Limited ((ALQ)), Imdex ((IMD)), Civmec ((CVL)), NRW Holdings and SRG Global ((SRG)).

For a more prolonged recovery, the analyst notes Ventia Services ((VNT)) stands out given its inflation-linked contracts and defensive non-mining exposure, despite a Hold rating.

For NRW Holdings, the Accumulate rating and $6.60 target are unchanged.

All ratings and targets under the broker's coverage of the sector are equally maintained.

FORECAST
Morgans forecasts a full year FY26 dividend of 19.00 cents and EPS of 38.00 cents.
Morgans forecasts a full year FY27 dividend of 20.00 cents and EPS of 40.00 cents.

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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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

19/02/2026

2

Overweight

$6.30

2.94%

NRW Holdings delivered a strong 1H26 result, with earnings (EBIT(A) 10% ahead of consensus for the strongest first-half performance since 1H14, driven by robust MET and Mining execution, Jarden notes.

Management upgraded FY26 EBIT(A) guidance to $275–285m from $260–265m, with the order book at $7.5bn and margin expansion evident across Mining (up 100bps) and MET (up 170bps).

FY26 core EPS forecast rises by 13%, with more modest upgrades of 4.5% and 6.1% for FY27/FY28, respectively, as the broker awaits further evidence of sustained margin expansion through the commodities upswing.

Improving recontracting prospects and exposure to gold, lithium and uranium are viewed as supportive. Overweight retained, with the target price increased to $6.30 from $4.90.

FORECAST
Jarden forecasts a full year FY26 dividend of 19.80 cents and EPS of 40.00 cents.
Jarden forecasts a full year FY27 dividend of 24.50 cents and EPS of 44.60 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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NWH STOCK CHART

FNArena News on NWH

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