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NRW Holdings LimitedASX:NWH Stock Report

Market Cap AU$3.5b
Share Price
AU$7.47
AU$6.59
13.4% overvalued intrinsic discount
1Y164.0%
7D-1.3%
1D
Portfolio Value
View

NRW Holdings Limited

ASX:NWH Stock Report

Market Cap: AU$3.5b

NRW Holdings (NWH) Stock Overview

Through its subsidiaries, provides diversified contract services to the resources and infrastructure sectors in Australia. More details

NWH fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance1/6
Financial Health4/6
Dividends1/6

NWH Community Fair Values

Create Narrative

See what 55 others think this stock is worth. Follow their fair value or set your own to get alerts.

NRW Holdings Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for NRW Holdings
Historical stock prices
Current Share PriceAU$7.47
52 Week HighAU$7.70
52 Week LowAU$2.75
Beta1.06
1 Month Change15.10%
3 Month Change18.57%
1 Year Change163.96%
3 Year Change220.60%
5 Year Change361.11%
Change since IPO209.96%

Recent News & Updates

Narrative Update Apr 27

NWH: Dividend And 2026 Meeting Outlook Will Support Balanced Fair Value

Analysts have made a small upward move in their price target for NRW Holdings to A$6.59 from A$6.56, citing updated assumptions around revenue growth, profit margins, and future P/E levels. What's in the News NRW Holdings has scheduled a special or extraordinary shareholders meeting for April 28, 2026, at Corrs Chambers Westgarth, St Georges Terrace in Perth, Australia (company announcement).
Narrative Update Apr 12

NWH: Dividend And 2026 Guidance Will Support Balanced Fair Value Outlook

Analysts have slightly reduced their price target for NRW Holdings, with fair value moving from A$6.64 to A$6.56. This change reflects updated assumptions on revenue growth, profit margins and future P/E multiples.
Narrative Update Mar 27

NWH: Dividend And 2026 Revenue Guidance Will Support Undervalued Upside

Analysts have nudged their price target on NRW Holdings marginally lower to A$6.64 from A$6.67, reflecting slightly updated assumptions for the discount rate, revenue growth, profit margin and future P/E, without a major shift in their overall view. What's in the News NRW Holdings has called a special or extraordinary shareholders meeting for April 28, 2026, at the Corrs Chambers Westgarth boardroom in Perth, Australia (Key Developments).

Recent updates

Narrative Update Apr 27

NWH: Dividend And 2026 Meeting Outlook Will Support Balanced Fair Value

Analysts have made a small upward move in their price target for NRW Holdings to A$6.59 from A$6.56, citing updated assumptions around revenue growth, profit margins, and future P/E levels. What's in the News NRW Holdings has scheduled a special or extraordinary shareholders meeting for April 28, 2026, at Corrs Chambers Westgarth, St Georges Terrace in Perth, Australia (company announcement).
Narrative Update Apr 12

NWH: Dividend And 2026 Guidance Will Support Balanced Fair Value Outlook

Analysts have slightly reduced their price target for NRW Holdings, with fair value moving from A$6.64 to A$6.56. This change reflects updated assumptions on revenue growth, profit margins and future P/E multiples.
Narrative Update Mar 27

NWH: Dividend And 2026 Revenue Guidance Will Support Undervalued Upside

Analysts have nudged their price target on NRW Holdings marginally lower to A$6.64 from A$6.67, reflecting slightly updated assumptions for the discount rate, revenue growth, profit margin and future P/E, without a major shift in their overall view. What's in the News NRW Holdings has called a special or extraordinary shareholders meeting for April 28, 2026, at the Corrs Chambers Westgarth boardroom in Perth, Australia (Key Developments).
Narrative Update Mar 11

NWH: Dividend And 2026 Earnings Guidance Will Support Undervalued Upside

Analysts have trimmed their long term discount rate and slightly adjusted future P/E assumptions for NRW Holdings, which has led to a small recalibration in their A$ price target while keeping their core fair value estimate steady at A$6.67. What's in the News NRW Holdings announced a fully franked ordinary dividend of A$0.085 per share for the six months ended December 31, 2025, with payment scheduled for April 9, 2026, a record date of March 24, 2026, and an ex date of March 23, 2026 (Key Developments).
Narrative Update Feb 25

NWH: Dividend And Earnings Guidance Will Support Steady Fair Value

Analysts have lifted their price target for NRW Holdings from A$5.45 to A$6.67, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E multiples. What's in the News NRW Holdings declared a fully franked ordinary dividend of A$0.085 per share for the six months ended December 31, 2025, payable on April 9, 2026, with a record date of March 24, 2026 and ex date of March 23, 2026 (Key Developments).
New Narrative Feb 20

Lithium Processing Bets And Public Infrastructure Exposure Will Increase Earnings Risk

Catalysts About NRW Holdings NRW Holdings is a diversified contract services group working across mining, civil infrastructure, engineering, construction, and electrical and mechanical services in Australia. What are the underlying business or industry changes driving this perspective?
Narrative Update Feb 10

NWH: Earnings Outlook And Dividend Will Continue To Support Steady Fair Value

Analysts have kept their price target for NRW Holdings broadly steady at A$5.45, with the slight adjustment based on updated assumptions for the discount rate, revenue growth, profit margins and a future P/E of 17.43x. Valuation Changes Fair Value Estimate: Kept steady at A$5.45 per share, with no change in the modelled fair value.
Narrative Update Jan 26

NWH: Earnings Outlook And Dividend Will Continue To Support Measured Fair Value

Narrative Update Analysts have edged their price target for NRW Holdings higher to A$5.45 from A$5.23, reflecting updated assumptions for slightly stronger revenue growth, modestly higher profit margins and a higher future P/E multiple. Valuation Changes Fair Value: The updated estimate increased slightly from A$5.23 to A$5.45.
Narrative Update Jan 12

NWH: Earnings Outlook And Dividend Will Continue To Support Fair Value

Narrative Update Overview The analyst price target for NRW Holdings has been revised slightly higher to A$5.23 from A$5.23. Analysts point to small updates in discount rate assumptions, revenue growth expectations, profit margin estimates and future P/E inputs as the main drivers of the change.
Narrative Update Dec 19

NWH: Earnings Outlook And Dividend Will Continue To Support Fair Value

Analysts have nudged their price target for NRW Holdings slightly higher to align with its updated fair value of $5.23 per share, reflecting marginally stronger expectations for revenue growth and profit margins. Valuation Changes Fair Value: Unchanged at A$5.23 per share, indicating no material revision to the core valuation estimate.
Analysis Article Dec 11

NRW Holdings Limited (ASX:NWH) Shares Could Be 43% Below Their Intrinsic Value Estimate

Key Insights Using the 2 Stage Free Cash Flow to Equity, NRW Holdings fair value estimate is AU$8.94 Current share...
Narrative Update Dec 04

NWH: Earnings Outlook And Dividend Will Continue To Support Fair Value

Analysts have modestly lifted their price target on NRW Holdings to approximately $5.23 from about $5.03 per share, citing slightly stronger expected revenue growth and a higher future earnings multiple that more than offset a marginally lower profit margin assumption. Valuation Changes Fair Value: increased slightly from A$5.03 to A$5.23 per share.
Narrative Update Nov 20

NWH: Earnings Outlook and Dividend Will Continue to Support Fair Value

Analysts have reaffirmed their price target for NRW Holdings at $5.03, citing an unchanged growth outlook and profitability forecasts, even though there have been minor revisions to underlying assumptions. Valuation Changes Fair Value: Remains unchanged at A$5.03 per share.
Narrative Update Nov 06

NWH: Earnings Guidance and Dividend to Support Fair Value Outlook

NRW Holdings' analyst consensus price target has been raised from $4.80 to $5.03. This reflects analysts' increased confidence in its fair value following updated financial assumptions.
Narrative Update Oct 22

Analysts Raise NRW Holdings Price Target as Revenue and Profit Forecasts Improve

NRW Holdings' analyst price target has increased from $4.51 to $4.80, as analysts cite improved revenue growth and profit margin forecasts. What's in the News NRW Holdings has issued new earnings guidance for 2026 and expects revenue to exceed $3.4 billion.
Narrative Update Oct 08

Global Critical Mineral Demand Will Transform Australian Mining

Analysts have increased their price target for NRW Holdings from $4.34 to $4.51. They cite improved revenue growth forecasts and a slight upward revision to the company’s fair value assessment.
Narrative Update Sep 11

Global Critical Mineral Demand Will Transform Australian Mining

The upward revision in NRW Holdings’ fair value is primarily driven by improved consensus revenue growth forecasts, resulting in the analyst price target increasing from A$4.16 to A$4.34. What's in the News NRW Holdings expects revenue to exceed $3.4 billion in 2026.
Analysis Article Sep 04

NRW Holdings Limited's (ASX:NWH) P/E Is Still On The Mark Following 28% Share Price Bounce

NRW Holdings Limited ( ASX:NWH ) shares have continued their recent momentum with a 28% gain in the last month alone...
Analysis Article Sep 03

NRW Holdings' (ASX:NWH) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of NRW Holdings Limited ( ASX:NWH ) has announced that it will be increasing its dividend by 5.6% on the 8th...
Narrative Update Aug 22

South Walker Creek $16 Billion Contract And Magnetite Operations Will Strengthen Future Prospects

Despite a reduction in consensus revenue growth forecasts, expectations of improved net profit margins have contributed to a higher consensus analyst price target for NRW Holdings, which has been revised upward from A$3.52 to A$3.78. What's in the News NRW Holdings provided earnings guidance for 2026, expecting revenue to exceed $3.4 billion.
Analysis Article Apr 29

NRW Holdings (ASX:NWH) Shareholders Will Want The ROCE Trajectory To Continue

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
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New Narrative Mar 09

South Walker Creek $16 Billion Contract And Magnetite Operations Will Strengthen Future Prospects

Strong contract acquisitions and extensions across segments suggest sustained revenue growth and potential margin improvement from high-revenue projects.
Analysis Article Jan 13

Why NRW Holdings Limited (ASX:NWH) Could Be Worth Watching

NRW Holdings Limited ( ASX:NWH ), is not the largest company out there, but it saw significant share price movement...
Analysis Article Nov 20

Here's Why Shareholders May Want To Be Cautious With Increasing NRW Holdings Limited's (ASX:NWH) CEO Pay Packet

Key Insights NRW Holdings will host its Annual General Meeting on 27th of November CEO Jules Pemberton's total...
Analysis Article Sep 06

Does NRW Holdings (ASX:NWH) Deserve A Spot On Your Watchlist?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article Aug 21

NRW Holdings' (ASX:NWH) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of NRW Holdings Limited ( ASX:NWH ) has announced that it will be increasing its dividend by 13% on the 9th...
Analysis Article Feb 21

We Think That There Are Some Issues For NRW Holdings (ASX:NWH) Beyond Its Promising Earnings

NRW Holdings Limited's ( ASX:NWH ) healthy profit numbers didn't contain any surprises for investors. We think this is...
Analysis Article Jan 16

Is There Now An Opportunity In NRW Holdings Limited (ASX:NWH)?

NRW Holdings Limited ( ASX:NWH ), might not be a large cap stock, but it saw a decent share price growth of 12% on the...
Analysis Article Dec 20

NRW Holdings Limited (ASX:NWH) Might Not Be As Mispriced As It Looks

With a price-to-earnings (or "P/E") ratio of 15.6x NRW Holdings Limited ( ASX:NWH ) may be sending bullish signals at...
Analysis Article Sep 23

Is NRW Holdings Limited (ASX:NWH) Potentially Undervalued?

NRW Holdings Limited ( ASX:NWH ), is not the largest company out there, but it saw a decent share price growth in the...
Analysis Article Aug 28

NRW Holdings (ASX:NWH) Is Increasing Its Dividend To A$0.08

NRW Holdings Limited ( ASX:NWH ) will increase its dividend from last year's comparable payment on the 11th of October...
Analysis Article Jun 08

When Should You Buy NRW Holdings Limited (ASX:NWH)?

While NRW Holdings Limited ( ASX:NWH ) might not be the most widely known stock at the moment, it saw a double-digit...
Analysis Article Feb 18

NRW Holdings (ASX:NWH) Has Announced That It Will Be Increasing Its Dividend To A$0.085

The board of NRW Holdings Limited ( ASX:NWH ) has announced that it will be paying its dividend of A$0.085 on the 6th...
Analysis Article Feb 02

NRW Holdings (ASX:NWH) Is Doing The Right Things To Multiply Its Share Price

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article Nov 02

Here's Why Shareholders May Want To Be Cautious With Increasing NRW Holdings Limited's (ASX:NWH) CEO Pay Packet

CEO Jules Pemberton has done a decent job of delivering relatively good performance at NRW Holdings Limited ( ASX:NWH...
Analysis Article Sep 23

Is It Too Late To Consider Buying NRW Holdings Limited (ASX:NWH)?

NRW Holdings Limited ( ASX:NWH ), is not the largest company out there, but it led the ASX gainers with a relatively...

Shareholder Returns

NWHAU ConstructionAU Market
7D-1.3%4.7%1.0%
1Y164.0%53.4%2.7%

Return vs Industry: NWH exceeded the Australian Construction industry which returned 53.4% over the past year.

Return vs Market: NWH exceeded the Australian Market which returned 2.7% over the past year.

Price Volatility

Is NWH's price volatile compared to industry and market?
NWH volatility
NWH Average Weekly Movement6.4%
Construction Industry Average Movement6.3%
Market Average Movement10.2%
10% most volatile stocks in AU Market17.4%
10% least volatile stocks in AU Market4.2%

Stable Share Price: NWH has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: NWH's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199411,900Jules Pembertonwww.nrw.com.au

NRW Holdings Limited, through its subsidiaries, provides diversified contract services to the resources and infrastructure sectors in Australia. The company operates through three segments: Civil; Mining; and Minerals, Energy & Technologies. The Civil segment delivers private and public civil infrastructure, mine development, bulk earthworks, and commercial and residential subdivision projects.

NRW Holdings Limited Fundamentals Summary

How do NRW Holdings's earnings and revenue compare to its market cap?
NWH fundamental statistics
Market capAU$3.47b
Earnings (TTM)AU$48.77m
Revenue (TTM)AU$3.59b
70.4x
P/E Ratio
1.0x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NWH income statement (TTM)
RevenueAU$3.59b
Cost of RevenueAU$1.86b
Gross ProfitAU$1.73b
Other ExpensesAU$1.68b
EarningsAU$48.77m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.11
Gross Margin48.07%
Net Profit Margin1.36%
Debt/Equity Ratio39.9%

How did NWH perform over the long term?

See historical performance and comparison

Dividends

2.2%
Current Dividend Yield
169%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/03 13:34
End of Day Share Price 2026/06/03 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NRW Holdings Limited is covered by 19 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Megan Kirby-LewisBarrenjoey Markets Pty Limited
Cameron NeedhamBofA Global Research
Shaurya VisenBofA Global Research