Board Change • May 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Annette Carey was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • May 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Annette Carey was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Annette Carey was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Sep 15
Downer EDI Limited, Annual General Meeting, Nov 11, 2025 Downer EDI Limited, Annual General Meeting, Nov 11, 2025. Declared Dividend • Aug 23
Final dividend increased to AU$0.14 Dividend of AU$0.14 is 28% higher than last year. Ex-date: 3rd September 2025 Payment date: 2nd October 2025 Dividend yield will be 3.4%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is not covered by earnings (134% earnings payout ratio). However, it is well covered by cash flows (38% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 49% to bring the payout ratio under control. EPS is expected to grow by 77% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Aug 22
Full year 2025 earnings released: EPS: AU$0.18 (vs AU$0.084 in FY 2024) Full year 2025 results: EPS: AU$0.18 (up from AU$0.084 in FY 2024). Revenue: AU$10.5b (down 4.5% from FY 2024). Net income: AU$124.3m (up 122% from FY 2024). Profit margin: 1.2% (up from 0.5% in FY 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Commercial Services industry in Australia. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 21
Downer Edi Limited Announces Fully Franked Final Dividend for 2025 for Six Months Ended June 30, 2025, Payable on 2 October 2025 Downer EDI Limited declared a fully franked final ordinary dividend relates to a period of six months ended June 30, 2025, of AUD 0.14100000, payable on 2 October 2025 to shareholders on the register at 4 September 2025. Ex Date: 3 September 2025. Ankündigung • Jul 02
Keolis S.A. entered into an agreement to acquire remaining 49% stake in Keolis Downer Pty Ltd. from Downer EDI Limited (ASX:DOW) for an enterprise value of approximately AUD 130 million. Keolis S.A. entered into an agreement to acquire remaining 49% stake in Keolis Downer Pty Ltd. from Downer EDI Limited (ASX:DOW) for an enterprise value of approximately AUD 130 million on July 1, 2025. Upon completion, Keolis S.A. will own 100% stake in Keolis Downer Pty Ltd.
Completion of the transaction, subject to customary completion adjustments including for net debt, retentions and any pre-completion dividends, Foreign Investment Review Board approval and other customary conditions, is expected to occur later in 2025 or early in 2026. Ankündigung • Jun 20
Downer EDI Limited Announces Board Changes Downer EDI Limited announced on June 20, 2025 that after nine years of service, Teresa Handicott will retire as a Non-Executive Director at the November 2025 Annual General Meeting. The Company also announced the appointments of Kerry Gleeson and Annette Carey as independent Non-Executive Directors, effective September 1, 2025, and November 1, 2025, respectively. Ms. Gleeson is an experienced Chair and Non-Executive Director in the industrial, mining, and resources sectors, with over 25 years of ASX experience as a director, senior executive, and board advisor, working nationally and internationally. Ms. Gleeson spent over 15 years in private corporate legal practice before a successful senior executive career, most recently at Incitec Pivot for 9 years. Ms. Gleeson is currently the Chair of St Barbara Limited and a Non-Executive Director of Australian Strategic Materials and Chrysos Corporation and a former Non-executive Director of five ASX-listed companies. Ms. Gleeson is a fellow of the Australian Institute of Company Directors and holds a Bachelor of Laws from the University of Essex. Ms. Carey has more than 20 years of experience as a senior executive, where she has led multi-billion-dollar operational businesses in the logistics, supply chain, government, and security sectors in Australia and internationally. This included five years as CEO of Linfox Logistics and Linfox Armaguard. Ms. Carey is experienced in strategy development, mergers and acquisitions, business transformation including digital transformation, project governance, and commercial negotiations. Ms. Carey is currently a Non-Executive Director of ASX-listed Sigma Healthcare, Kinetic Group, and until recently, National Intermodal. Ms. Carey holds a Bachelor of Laws and a Bachelor of Arts from Monash University, Victoria. Ankündigung • Apr 24
Macquarie Asset Management Pty Limited acquired 29.90% stake in Laundries Business of Downer EDI Limited (ASX:DOW) for approximately AUD 64 million. Macquarie Asset Management Pty Limited agreed to acquire 29.90% stake in Laundries Business of Downer EDI Limited (ASX:DOW) on February 13, 2025.
Macquarie Asset Management Pty Limited completed the acquisition of 29.90% stake in Laundries Business of Downer EDI Limited (ASX:DOW) on April 24, 2025. Downer EDI Limited received approximately AUD 64 million for the sale of the assets. Ankündigung • Apr 08
Downer EDI Limited to Report Fiscal Year 2025 Results on Aug 21, 2025 Downer EDI Limited announced that they will report fiscal year 2025 results on Aug 21, 2025 Reported Earnings • Feb 14
First half 2025 earnings released: EPS: AU$0.10 (vs AU$0.098 in 1H 2024) First half 2025 results: EPS: AU$0.10 (up from AU$0.098 in 1H 2024). Revenue: AU$5.20b (down 6.2% from 1H 2024). Net income: AU$69.3m (up 5.8% from 1H 2024). Profit margin: 1.3% (in line with 1H 2024). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Commercial Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Ankündigung • Feb 13
Downer EDI Limited Declares Interim Dividend, Payable on 27 March 2025 The Board of Downer EDI Limited resolved to pay an interim dividend of 10.8 cents per share, 75% franked, representing a payout ratio of 60%, payable on 27 March 2025 to shareholders on the register at 27 February 2025. The portion of the unfranked dividend amount that will be paid out of Conduit Foreign Income (CFI) is 100%. Board Change • Feb 04
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. Independent Non-Executive Director Teresa Handicott is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Dec 24
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. Independent Non-Executive Director Teresa Handicott is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Nov 29
Downer EDI Limited to Report First Half, 2025 Results on Feb 13, 2025 Downer EDI Limited announced that they will report first half, 2025 results on Feb 13, 2025 Ankündigung • Sep 10
Downer EDI Limited Announces Retirement of Nicole Hollows as Non-Executive Director, Effective 15 November 2024 Downer EDI Limited announced that Nicole Hollows will retire as a Non-executive Director on 15 November 2024. Upcoming Dividend • Sep 06
Upcoming dividend of AU$0.11 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 15 October 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.1%. Lower than top quartile of Australian dividend payers (6.2%). In line with average of industry peers (2.9%). Reported Earnings • Aug 30
Full year 2024 earnings released: EPS: AU$0.10 (vs AU$0.59 loss in FY 2023) Full year 2024 results: EPS: AU$0.10 (up from AU$0.59 loss in FY 2023). Revenue: AU$11.1b (down 5.1% from FY 2023). Net income: AU$69.1m (up AU$465.5m from FY 2023). Profit margin: 0.6% (up from net loss in FY 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Commercial Services industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Ankündigung • Jun 20
Adamantem Reportedly Looks to Offload Two Businesses Adamantem Capital is understood to be in divestment mode, with the buyout fund hiring investment banks for the sale of at least two of its businesses. The private equity firm founded by former Pacific Equity Partners operatives is understood to have hired investment UBS to revive the sale process for its New Zealand smallgoods business Hellers Limited. Meanwhile, Adamantem Capital - as well as Downer EDI Limited (ASX:DOW) - are selling their laundries business, Linen Services Australia, DataRoom understands. Lazard is understood to be working to find a buyer of 100% of the business, once known as Spotless Laundries, and the understanding is that two of the industry heavyweights based in France are within its sights. This includes Elis, which has looked at Spotless before. Adamantem paid $155 million for a 70% stake in the business when it was up for sale by Downer, which had been keen to sell the entire company, which former Downer boss Grant Fenn considered capital intensive. Hellers has been up for sale before through investment bank Credit Suisse, which UBS now owns. The sale could be a challenging assignment, with industry heavyweight JBS operating as the other major smallgoods operator across the Tasman. Ankündigung • May 09
Downer EDI Limited, Annual General Meeting, Nov 20, 2024 Downer EDI Limited, Annual General Meeting, Nov 20, 2024. Ankündigung • May 08
Downer EDI Limited to Report Fiscal Year 2024 Results on Aug 30, 2024 Downer EDI Limited announced that they will report fiscal year 2024 results on Aug 30, 2024 Upcoming Dividend • Mar 06
Upcoming dividend of AU$0.06 per share Eligible shareholders must have bought the stock before 13 March 2024. Payment date: 11 April 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Australian dividend payers (6.3%). In line with average of industry peers (2.9%). Declared Dividend • Feb 16
First half dividend of AU$0.06 announced Shareholders will receive a dividend of AU$0.06. Ex-date: 13th March 2024 Payment date: 11th April 2024 Dividend yield will be 2.8%, which is about the same as the industry average. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (31% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • Feb 16
First half 2024 earnings released: EPS: AU$0.098 (vs AU$0.093 in 1H 2023) First half 2024 results: EPS: AU$0.098 (up from AU$0.093 in 1H 2023). Revenue: AU$5.54b (down 2.7% from 1H 2023). Net income: AU$65.5m (up 4.3% from 1H 2023). Profit margin: 1.2% (up from 1.1% in 1H 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Commercial Services industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Board Change • Nov 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-executive Independent Director Sheridan Broadbent was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Sep 26
Downer EDI Limited, Annual General Meeting, Nov 22, 2023 Downer EDI Limited, Annual General Meeting, Nov 22, 2023, at 11:00 E. Australia Standard Time. Ankündigung • Sep 08
Downer Edi Limited Appoints Sheridan Broadbent as Non-Executive Director, Effective from 1 October 2023 Downer EDI Limited announced the appointment of Sheridan Broadbent as Non-executive Director, effective from 1 October 2023. Ms Broadbent joins Downer as an independent Director. Ms Broadbent is currently a Non-executive Director of Spark New Zealand, Manawa Energy (NZSX:MNW), and is the Deputy Chair of the Business Leaders' Health & Safety Forum in New Zealand. Ms Broadbent has previously served as the Chair of Kordia Group, a Non-executive Director of Transpower, Kaingaroa Timberlands and Waka Kotahi New Zealand Transport Authority, and as a member of the New Zealand Government's Cyber Security Advisory Committee. Ms Broadbent was formerly the Chief Executive of Counties Power and prior to that held several senior executive roles in the energy, telecommunications and engineering sectors, including with Downer in Australia and New Zealand from 2007 to 2011. Ms Broadbent holds a Bachelor of Commerce from the University of Auckland and is a graduate of Harvard Business School's Advanced Management Program and the Australian Institute of Company Directors, and is a Chartered Member of the Institute of Directors in New Zealand. Ankündigung • Aug 21
Downer EDI Limited to Report First Half, 2024 Results on Feb 14, 2024 Downer EDI Limited announced that they will report first half, 2024 results on Feb 14, 2024 Upcoming Dividend • Aug 17
Upcoming dividend of AU$0.08 per share at 3.1% yield Eligible shareholders must have bought the stock before 23 August 2023. Payment date: 21 September 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 3.1%. Lower than top quartile of Australian dividend payers (7.4%). Higher than average of industry peers (2.5%). Ankündigung • Aug 10
Downer EDI Limited Announces Final Dividend for 2023, Payable on 21 September 2023 The Downer EDI Limited Board resolved to pay a final dividend of 8.0 cents per share, unfranked, payable on 21 September 2023 to shareholders on the register at 24 August 2023. Reported Earnings • Aug 10
Full year 2023 earnings released: AU$0.59 loss per share (vs AU$0.21 profit in FY 2022) Full year 2023 results: AU$0.59 loss per share (down from AU$0.21 profit in FY 2022). Revenue: AU$11.7b (up 6.7% from FY 2022). Net loss: AU$385.7m (down 365% from profit in FY 2022). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Commercial Services industry in Australia. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Ankündigung • May 06
Downer EDI Limited Provides Update on Second Shareholder Class Action Downer EDI Limited announced that further to the announcement on 3 April 2023, a second class action has been filed against Downer EDI Limited (Downer) in the Supreme Court of Victoria. The action has been commenced on behalf of persons who acquired an interest in Downer shares during the period 23 July 2019 to 24 February 2023. The statement of claim relates to a maintenance contract in its Australian Utilities business and itsimpact on Downer's financial performance and its earnings guidance on 17 August 2022 and 8 December 2022. It makes similar allegations and covers similar subject matter to the claim announced on 3 April 2023. Downer intends to defend the proceedings. Ankündigung • May 04
Downer Reportedly Step Closer to Repurpose It Sell-Off The sale of Downer EDI Limited (ASX:DOW)'s Repurpose It Pty Ltd. business is closer to reaching a conclusion, with the process heading towards the phase where a preferred buyer is selected. Downer Chief Executive Officer Peter Tompkins told the Macquarie Australia Conference on May 2, 2023 that the company had been exploring asset sales where the value of those assets were not reflected in the company's share price. The sale of Repurpose IT was in the second phase, he said, and the group was moving towards selecting a preferred buyer. DataRoom revealed that Pacific Equity Partners has been among the partners weighing a purchase of Repurpose IT after Downer had confirmed that the 45% of the business it owns was for sale. Barrenjoey is working on the divestment. Cleanaway Waste Management Limited (ASX:CWY) Chief Executive Officer Mark Schubert is understood to have passed on the opportunity to buy Repurpose IT because the company believes its waste management company has the ability to replicate the business itself. Cleanaway was understood to have taken an initial look at Downer's Repurpose IT unit but was concerned its strong margins would not be sustainable in the long term, company sources said. This was with other competitors entering the market. Yet those close to the deal say that Repurpose IT has highly strategic sites and replicating the operation would take time for any group and would be challenging. Downer had been progressively selling off non-core assets. Recent Insider Transactions • Mar 22
Independent Non-Executive Chairman recently bought AU$162k worth of stock On the 15th of March, Mark Menhinnitt bought around 50k shares on-market at roughly AU$3.25 per share. This transaction increased Mark's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Mark's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to AU$3.29, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Commercial Services industry in Australia. Total loss to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$2.91 per share. Upcoming Dividend • Mar 03
Upcoming dividend of AU$0.05 per share at 3.0% yield Eligible shareholders must have bought the stock before 10 March 2023. Payment date: 11 April 2023. Payout ratio is on the higher end at 91% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Australian dividend payers (7.0%). Higher than average of industry peers (2.7%). Reported Earnings • Feb 27
First half 2023 earnings released: EPS: AU$0.093 (vs AU$0.12 in 1H 2022) First half 2023 results: EPS: AU$0.093 (down from AU$0.12 in 1H 2022). Revenue: AU$5.71b (up 4.9% from 1H 2022). Net income: AU$68.1m (down 20% from 1H 2022). Profit margin: 1.2% (down from 1.6% in 1H 2022). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Commercial Services industry in Australia. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Ankündigung • Jan 31
Downer EDI Limited Announces the Resignation of Mark Binns as Non-Executive Director Downer EDI Limited announced that Mark Binns will retire as a Non-executive Director on 31 January 2023 due to conflicts of interest that have become increasingly complex and difficult to manage with Downer's customer base in New Zealand. The company said Mark Binns was a valuable member of the Board and that he would like to acknowledge Mark's contribution to Downer. Ankündigung • Jan 30
Downer Edi Limited Announces Appointment of Peter Tompkins as Executive Director, Effective from 1 February 2023 Downer EDI Limited announced that further to the announcement made on 1 December 2022, the company announced the appointment of Peter Tompkins as Executive Director, effective from 1 February 2023. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment deteriorated over the past week After last week's 24% share price decline to AU$3.80, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the Commercial Services industry in Australia. Total loss to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$4.53 per share. Buying Opportunity • Oct 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be AU$5.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.3% over the last 3 years. Earnings per share has declined by 3.3%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Buying Opportunity • Sep 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.4%. The fair value is estimated to be AU$5.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.3% over the last 3 years. Earnings per share has declined by 3.3%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Upcoming Dividend • Aug 23
Upcoming dividend of AU$0.12 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 28 September 2022. The company is paying out more than 100% of its profits and is paying out 79% of its cash flow. Trailing yield: 4.6%. Lower than top quartile of Australian dividend payers (6.4%). Higher than average of industry peers (2.9%). Reported Earnings • Aug 19
Full year 2022 earnings released: EPS: AU$0.21 (vs AU$0.25 in FY 2021) Full year 2022 results: EPS: AU$0.21 (down from AU$0.25 in FY 2021). Revenue: AU$11.0b (down 4.7% from FY 2021). Net income: AU$145.7m (down 17% from FY 2021). Profit margin: 1.3% (down from 1.5% in FY 2021). Over the next year, revenue is forecast to grow 7.9%, compared to a 6.5% growth forecast for the Commercial Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Board Change • Jun 01
High number of new directors Non-Executive Independent Director Adelle Howse was the last director to join the board, commencing their role in 2022. Board Change • May 10
High number of new directors Non-Executive Independent Director Adelle Howse was the last director to join the board, commencing their role in 2022. Ankündigung • Dec 17
PT Bukit Makmur Mandiri Utama completed the acquisition of Open Cut Mining East Business from Downer EDI Limited (ASX:DOW). PT Bukit Makmur Mandiri Utama entered into an agreement to acquire Open Cut Mining East Business from Downer EDI Limited (ASX:DOW) for AUD 150 million on October 11, 2021. PT Bukit Makmur Mandiri Utama has paid Downer a deposit of AUD16 million with the remainder of the purchase price payable at completion. The Completion of the transaction is subject to certain customary condition, and is expected to occur before the end of the year 2021.
PT Bukit Makmur Mandiri Utama completed the acquisition of Open Cut Mining East Business from Downer EDI Limited (ASX:DOW) on December 17, 2021. Executive Departure • Oct 03
Independent Non Executive Chairman Richard Harding has left the company On the 30th of September, Richard Harding's tenure as Independent Non Executive Chairman ended after 13.3 years in the role. We don't have any record of a personal shareholding under Richard's name. Richard is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.75 years. Upcoming Dividend • Aug 18
Upcoming dividend of AU$0.12 per share Eligible shareholders must have bought the stock before 25 August 2021. Payment date: 23 September 2021. Trailing yield: 3.8%. Lower than top quartile of Australian dividend payers (5.0%). Higher than average of industry peers (2.4%). Reported Earnings • Aug 14
Full year 2021 earnings released: EPS AU$0.25 (vs AU$0.27 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: AU$11.5b (down 9.0% from FY 2020). Net income: AU$175.8m (up AU$333.5m from FY 2020). Profit margin: 1.5% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Ankündigung • Apr 27
Bridgestone Corporation (TSE:5108) entered into an agreement to acquire Otraco International Pty Ltd. from Downer EDI Limited (ASX:DOW) for AUD 79 million. Bridgestone Corporation (TSE:5108) entered into an agreement to acquire Otraco International Pty Ltd. from Downer EDI Limited (ASX:DOW) for an enterprise value of 79 million on April 26, 2021. The transaction is subject to regulatory approvals and other customary conditions. The transaction is expected to complete before the end of 2021. Macquarie acted as financial advisor to Downer EDI. Ankündigung • Mar 05
Downer EDI Limited Wins $245 Million Eyre Peninsula Link Contract Downer EDI Limited (Downer) announced it had been awarded a $245 million contract by ElectraNet Pty Ltd. (ElectraNet) to upgrade the existing electricity transmission network supplying the Eyre Peninsula in South Australia and to upgrade electricity substations. Downer will commence work under the contract at the end of March 2021 and the new transmission line and substation upgrades are expected to take approximately 20 months to complete. The new power line is scheduled to be energised by the end of 2022. Ankündigung • Mar 03
Enaex S.A. (SNSE:ENAEX) completed the acquisition of Downer EDI Mining-Blasting Services Pty Ltd from Downer EDI Limited (ASX:DOW). Enaex S.A. (SNSE:ENAEX) entered into an agreement to acquire Downer EDI Mining-Blasting Services Pty Ltd from Downer EDI Limited (ASX:DOW) for an enterprise value of AUD 62 million on November 18, 2020. Completion of the transaction is subject to regulatory approvals from the Foreign Investment Review Board (FIRB) and other customary conditions. On February 3, 2021, the transaction was approved by FIRB. All the conditions for the fulfillment of deal have been met. Downer EDI Mining-Blasting Services Pty Ltd reported revenue of AUD 150.4162 million ( $110 million) for the fiscal year ended in June 30, 2020. Transaction is expected to occur on March 01, 2021. Macquarie Group Limited acted as financial advisor to Downer EDI Limited. Ernst & Young Australia acted as financial advisor and Ernst & Young Australia provided due diligence to Enaex.
Enaex S.A. (SNSE:ENAEX) completed the acquisition of Downer EDI Mining-Blasting Services Pty Ltd from Downer EDI Limited (ASX:DOW) on March 1, 2021. Upcoming Dividend • Feb 17
Upcoming Dividend of AU$0.09 Per Share Will be paid on the 25th of March to those who are registered shareholders by the 24th of February. The trailing yield of 3.1% is below the top quartile of Australian dividend payers (5.1%), but it is higher than industry peers (2.3%). Is New 90 Day High Low • Feb 17
New 90-day high: AU$5.83 The company is up 11% from its price of AU$5.24 on 19 November 2020. The Australian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$3.56 per share. Reported Earnings • Feb 12
First half 2021 earnings released: EPS AU$0.10 (vs AU$0.14 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: AU$5.81b (down 11% from 1H 2020). Net income: AU$71.0m (down 14% from 1H 2020). Profit margin: 1.2% (down from 1.3% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue misses expectations Revenue missed analyst estimates by 3.0%. Over the next year, revenue is forecast to grow 5.4%, compared to a 4.4% growth forecast for the Commercial Services industry in Australia. Ankündigung • Jan 22
Downer EDI Limited Receives New Telstra Contract Downer EDI Limited (Downer) announced it had been awarded a Field Services contract by Telstra Corporation Limited (Telstra) valued at an estimated $330 million over a maximum term of five years. The contract begins in January 2021 with an initial four-year term, with one extension option of up to one year. Under the contract, Downer will provide services including network asset relocations, wideband business services, facilities design and construction activities including Telepower and building upgrades; and a continuation of the 5G mobile rollout. These activities will be delivered across New South Wales, Victoria, Tasmania, South Australia and the Northern Territory. Is New 90 Day High Low • Jan 07
New 90-day high: AU$5.71 The company is up 16% from its price of AU$4.93 on 09 October 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$3.83 per share. Is New 90 Day High Low • Dec 08
New 90-day high: AU$5.57 The company is up 31% from its price of AU$4.24 on 09 September 2020. The Australian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$10.96 per share. Ankündigung • Dec 02
Adamantem Capital agreed to acquire a 70% stake in Laundries Business of Downer EDI Limited (ASX:DOW) for approximately AUD 160 million. Adamantem Capital agreed to acquire a 70% stake in Laundries Business of Downer EDI Limited (ASX:DOW) for approximately AUD 160 million on December 2, 2020. The consideration is on a cash and debt free basis. The transaction is subject to customary conditions precedent being met, including regulatory and some customer approvals. The transaction is expected to complete by the end of March 2021. Ankündigung • Nov 18
Enaex S.A. (SNSE:ENAEX) entered into an agreement to acquire Downer EDI Mining-Blasting Services Pty Ltd from Downer EDI Limited (ASX:DOW) for an enterprise value of AUD 62 million. Enaex S.A. (SNSE:ENAEX) entered into an agreement to acquire Downer EDI Mining-Blasting Services Pty Ltd from Downer EDI Limited (ASX:DOW) for an enterprise value of AUD 62 million on November 18, 2020. Completion of the transaction is subject to regulatory approvals and other customary conditions. Transaction is expected to occur before the end of March 2021. Is New 90 Day High Low • Nov 11
New 90-day high: AU$5.13 The company is up 20% from its price of AU$4.29 on 13 August 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$10.64 per share. Is New 90 Day High Low • Oct 22
New 90-day high: AU$4.95 The company is up 15% from its price of AU$4.32 on 24 July 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$11.19 per share. Ankündigung • Aug 19
Downer EDI Limited has completed a Follow-on Equity Offering in the amount of AUD 399.66567 million. Downer EDI Limited has completed a Follow-on Equity Offering in the amount of AUD 399.66567 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 106,577,512
Price\Range: AUD 3.75
Discount Per Security: AUD 0.069375
Transaction Features: Rights Offering 
