DOWNER EDI LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.59 AUD | -0.86% |
|
-2.34% | +4.32% |
| May. 28 | Downer Wins AU$600 Million Water Contract from Unitywater | MT |
| May. 28 | Downer EDI Limited Wins New $600 Million Water Contract in Queensland | CI |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,092 | 2,595 | 3,886 | 3,405 | 2,755 | 3,104 | - | - |
| Enterprise Value (EV) 1 | 5,085 | 4,032 | 5,219 | 4,572 | 4,000 | 4,058 | 3,971 | 3,931 |
| P/E ratio | 16.4 x | -16.5 x | 22.5 x | 23.8 x | -6.97 x | 17.4 x | 12.5 x | 11.3 x |
| Yield | 4.05% | 3.2% | 3.76% | 4.75% | 3.16% | 3.7% | 5.08% | 5.68% |
| Capitalization / Revenue | 0.3 x | 0.19 x | 0.32 x | 0.28 x | 0.22 x | 0.26 x | 0.25 x | 0.25 x |
| EV / Revenue | 0.38 x | 0.3 x | 0.43 x | 0.38 x | 0.32 x | 0.34 x | 0.33 x | 0.32 x |
| EV / EBITDA | 5.98 x | 4.68 x | 5.8 x | 6.47 x | 6.32 x | 5.83 x | 5.04 x | 4.74 x |
| EV / FCF | 17.9 x | -36 x | 11.6 x | - | 45.7 x | 22.3 x | 15.5 x | 17.7 x |
| FCF Yield | 5.59% | -2.78% | 8.66% | - | 2.19% | 4.48% | 6.44% | 5.64% |
| Price to Book | 1.41 x | 1.05 x | 1.32 x | 1.22 x | 1.21 x | 1.31 x | 1.24 x | 1.17 x |
| Nbr of stocks (in thousands) | 591,317 | 592,471 | 695,200 | 674,286 | 670,434 | 670,454 | - | - |
| Reference price 2 | 6.920 | 4.380 | 5.590 | 5.050 | 4.110 | 4.630 | 4.630 | 4.630 |
| Announcement Date | 8/22/19 | 8/11/20 | 8/11/21 | 8/16/22 | 8/10/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 13,448 | 13,418 | 12,234 | 11,987 | 12,620 | 11,949 | 12,199 | 12,389 |
| EBITDA 1 | 850.2 | 862 | 899.1 | 706.6 | 633.4 | 695.9 | 787.2 | 828.8 |
| EBIT 1 | 490.2 | 344.7 | 401.1 | 364.4 | 297.2 | 354.3 | 458.9 | 491.7 |
| Operating Margin | 3.65% | 2.57% | 3.28% | 3.04% | 2.36% | 2.97% | 3.76% | 3.97% |
| Earnings before Tax (EBT) 1 | 379.8 | -153.3 | 229.9 | 237.8 | -341.5 | 258 | 370.6 | 407.3 |
| Net income 1 | 261.8 | -150.3 | 181.6 | 151.6 | -385.7 | 185 | 259.2 | 289.5 |
| Net margin | 1.95% | -1.12% | 1.48% | 1.26% | -3.06% | 1.55% | 2.12% | 2.34% |
| EPS 2 | 0.4230 | -0.2660 | 0.2480 | 0.2120 | -0.5900 | 0.2656 | 0.3711 | 0.4104 |
| Free Cash Flow 1 | 284 | -111.9 | 451.8 | - | 87.6 | 181.7 | 255.9 | 221.7 |
| FCF margin | 2.11% | -0.83% | 3.69% | - | 0.69% | 1.52% | 2.1% | 1.79% |
| FCF Conversion (EBITDA) | 33.4% | - | 50.25% | - | 13.83% | 26.11% | 32.51% | 26.75% |
| FCF Conversion (Net income) | 108.48% | - | 248.79% | - | - | 98.19% | 98.72% | 76.58% |
| Dividend per Share 2 | 0.2800 | 0.1400 | 0.2100 | 0.2400 | 0.1300 | 0.1711 | 0.2351 | 0.2628 |
| Announcement Date | 8/22/19 | 8/11/20 | 8/11/21 | 8/16/22 | 8/10/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 Q2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 6,509 | 6,909 | 6,116 | 6,118 | - | 5,975 | - | - | 6,475 | 6,026 | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | 309.1 | - | - | - |
| EBIT | - | - | - | 213.5 | - | 167.4 | - | - | 176.7 | 138.9 | - | - | - |
| Operating Margin | - | - | - | 3.49% | - | 2.8% | - | - | 2.73% | 2.31% | - | - | - |
| Earnings before Tax (EBT) | - | - | - | 123.6 | - | - | - | - | - | 80.2 | - | - | - |
| Net income | 86.3 | - | - | 107.7 | - | - | - | - | - | 80.2 | - | - | - |
| Net margin | 1.33% | - | - | 1.76% | - | - | - | - | - | 1.33% | - | - | - |
| EPS 1 | 0.1390 | -0.4050 | - | 0.1460 | 0.0600 | 0.1230 | 0.0890 | 0.0930 | - | 0.0980 | 0.1800 | 0.1600 | 0.2700 |
| Dividend per Share | - | - | - | 0.1200 | - | - | - | - | - | 0.0600 | - | - | - |
| Announcement Date | 2/12/20 | 8/11/20 | 2/11/21 | 8/11/21 | 2/9/22 | 2/9/22 | 8/16/22 | 2/26/23 | 8/10/23 | 2/13/24 | - | - | - |
1AUD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 993 | 1,437 | 1,333 | 1,167 | 1,245 | 953 | 867 | 827 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.168 x | 1.667 x | 1.483 x | 1.652 x | 1.965 x | 1.37 x | 1.101 x | 0.9975 x |
| Free Cash Flow 1 | 284 | -112 | 452 | - | 87.6 | 182 | 256 | 222 |
| ROE (net income / shareholders' equity) | 9.78% | 6.17% | 6.72% | 7.79% | 6.11% | 9.22% | 11.1% | 11.9% |
| ROA (Net income/ Total Assets) | 3.68% | 1.98% | 2.17% | 2.9% | 2.11% | 3.1% | 3.96% | 4.25% |
| Assets 1 | 7,110 | -7,591 | 8,360 | 5,226 | -18,249 | 5,969 | 6,546 | 6,807 |
| Book Value Per Share 2 | 4.900 | 4.180 | 4.240 | 4.140 | 3.410 | 3.540 | 3.730 | 3.950 |
| Cash Flow per Share 2 | 1.070 | 0.3000 | 0.9700 | 0.6900 | 0.4400 | 0.6600 | 0.7800 | 0.7900 |
| Capex 1 | 346 | 291 | 257 | 243 | 231 | 177 | 203 | 216 |
| Capex / Sales | 2.57% | 2.17% | 2.1% | 2.03% | 1.83% | 1.48% | 1.66% | 1.74% |
| Announcement Date | 8/22/19 | 8/11/20 | 8/11/21 | 8/16/22 | 8/10/23 | - | - | - |
1AUD in Million2AUD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
4.63
AUD
Average target price
4.856
AUD
Spread / Average Target
+4.87%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +4.32% | 2.06B | |
| -12.38% | 61.66B | |
| +4.23% | 60.95B | |
| +28.22% | 40.51B | |
| +13.72% | 31.39B | |
| +9.63% | 28.5B | |
| +11.95% | 18.85B | |
| +81.10% | 18.34B | |
| +39.37% | 17.09B | |
| +10.25% | 14.73B |
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- Financials Downer EDI Limited
