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

$23.91

05 Dec
2025

-0.100

OPEN

$23.97

-0.42%

HIGH

$23.98

962,456

LOW

$23.76

TARGET
$26.579 11.2% 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 . 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 19.3 xxx
Dividend Yield xxx N/A 2.7% xxx
Div Pay Ratio(%) xxx 169.9% 51.8% xxx

Dividend yield today if purchased 3 years ago: 3.83%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.38

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: 22/11 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

14/11/2025

1

Buy

$26.00

8.74%

Orica's FY25 underlying EBIT beat Bell Potter's forecast by 2%, thanks to outperformance in Specialty Mining Chemicals and Digital Solutions, which offset a miss in Blasting Solutions.

Blasting benefited from a $15m carbon credit and re-contracting, with EBIT up 15%, but fell short of the broker's estimate by -3%. Chemicals and Digital saw robust demand from gold markets and exploration activity.

The broker expects underlying EBIT to grow 6.3% in FY26, supported by continued contract benefits, strong sodium cyanide demand, and expanding exploration activity. Some drag is expected from weaker coal markets and a major Carseland turnaround.

EPS forecasts have been upgraded, up 4% in FY26 and up 7% in FY27.

Buy. Target rises to $26 from $23.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 66.00 cents and EPS of 122.70 cents.
Bell Potter forecasts a full year FY27 dividend of 73.10 cents and EPS of 136.90 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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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

13/11/2025

2

Overweight

$25.60

7.07%

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

FNArena News on ORI

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