View Future GrowthDyno Nobel 과거 순이익 실적과거 기준 점검 1/6Dyno Nobel의 수입은 연평균 -27.7%의 비율로 감소해 온 반면, Chemicals 산업은 수입이 연평균 0.5% 증가했습니다. 매출은 연평균 5.6%의 비율로 감소해 왔습니다. Dyno Nobel의 자기자본이익률은 6.3%이고 순이익률은 6.5%입니다.핵심 정보-27.69%순이익 성장률-26.91%주당순이익(EPS) 성장률Chemicals 산업 성장률14.45%매출 성장률-5.62%자기자본이익률6.32%순이익률6.54%다음 순이익 업데이트09 Nov 2026최근 과거 실적 업데이트분석 기사 • May 19Dyno Nobel's (ASX:DNL) Performance Is Even Better Than Its Earnings SuggestDyno Nobel Limited ( ASX:DNL ) recently posted some strong earnings, and the market responded positively. We did some...Reported Earnings • May 12First half 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst half 2026 results: EPS: AU$0.081 (up from AU$0.019 in 1H 2025). Revenue: AU$1.64b (up 9.2% from 1H 2025). Net income: AU$144.5m (up 298% from 1H 2025). Profit margin: 8.8% (up from 2.4% in 1H 2025). Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) missed analyst estimates by 86%. Revenue is expected to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Australia are expected to grow by 5.9%. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.공시 • Feb 09+ 1 more updateDyno Nobel Limited to Report First Half, 2026 Results on May 11, 2026Dyno Nobel Limited announced that they will report first half, 2026 results on May 11, 2026Reported Earnings • May 13First half 2025 earnings: EPS and revenues miss analyst expectationsFirst half 2025 results: EPS: AU$0.019 (up from AU$0.04 loss in 1H 2024). Revenue: AU$1.61b (down 1.3% from 1H 2024). Net income: AU$36.1m (up AU$113.8m from 1H 2024). Profit margin: 2.2% (up from net loss in 1H 2024). Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates by 92%. Revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Australia are expected to grow by 13%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.공시 • Jan 21+ 1 more updateIncitec Pivot Limited to Report Fiscal Year 2025 Results on Nov 10, 2025Incitec Pivot Limited announced that they will report fiscal year 2025 results on Nov 10, 2025Reported Earnings • Nov 11Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: AU$0.25 loss per share (down from AU$0.14 profit in FY 2023). Revenue: AU$5.41b (flat on FY 2023). Net loss: AU$477.7m (down 273% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 11% growth forecast for the Chemicals industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.모든 업데이트 보기Recent updates내러티브 업데이트 • May 20DNL: Lower Discount Rate And Dividend Payout Will Support Measured Return OutlookAnalysts have raised their price target on Dyno Nobel to A$3.61 from A$3.43, reflecting updated assumptions that include a slightly lower discount rate, a modestly higher profit margin and a reduced future P/E multiple, even as forecast revenue growth is marked down a touch. What's in the News Dyno Nobel declared an ordinary dividend of A$0.046 per share for the six months ended March 31, 2026, providing cash returns to shareholders for this period (Key Developments).분석 기사 • May 19Dyno Nobel's (ASX:DNL) Performance Is Even Better Than Its Earnings SuggestDyno Nobel Limited ( ASX:DNL ) recently posted some strong earnings, and the market responded positively. We did some...Major Estimate Revision • May 18Consensus EPS estimates fall by 42%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from AU$0.206 to AU$0.119 per share. Revenue forecast steady at AU$3.56b. Net income forecast to grow 7.9% next year vs 53% growth forecast for Chemicals industry in Australia. Consensus price target up from AU$3.41 to AU$3.61. Share price rose 4.2% to AU$3.69 over the past week.Declared Dividend • May 13First half dividend increased to AU$0.046Dividend of AU$0.046 is 92% higher than last year. Ex-date: 12th June 2026 Payment date: 2nd July 2026 Dividend yield will be 3.9%, which is higher than the industry average of 3.5%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. 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 11% to bring the payout ratio under control. EPS is expected to grow by 40% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.Reported Earnings • May 12First half 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst half 2026 results: EPS: AU$0.081 (up from AU$0.019 in 1H 2025). Revenue: AU$1.64b (up 9.2% from 1H 2025). Net income: AU$144.5m (up 298% from 1H 2025). Profit margin: 8.8% (up from 2.4% in 1H 2025). Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) missed analyst estimates by 86%. Revenue is expected to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Australia are expected to grow by 5.9%. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.속보 • May 12Dyno Nobel Reports 39% EBIT Growth and Refocuses on Explosives After Fertilizers SeparationDyno Nobel reported EBIT of $243 million for the first half of 2026, which the company described as a 39% increase. The company completed the separation of its fertilizers business, positioning Dyno Nobel as a pure-play explosives company. North American operations were highlighted as a key earnings driver, with the company citing a 42% gain in earnings on the back of customer wins and demand. The shift to a focused explosives business, combined with the EBIT uplift and North American earnings contribution, indicates that management is placing greater emphasis on core blasting products and services. Investors may want to monitor how sustainable the current demand trends are in North America and how the new, simplified structure affects margins and capital allocation over the next few reporting periods.내러티브 업데이트 • Apr 27DNL: Slightly Higher P/E Assumptions Will Support A Measured Return OutlookAnalysts have nudged their price target on Dyno Nobel slightly higher to A$21.10 from A$20.90, citing a small adjustment in discount rate assumptions and updated expectations around revenue trends, profit margins, and future P/E levels. Valuation Changes Fair Value: A$3.43 is unchanged, indicating no revision to the core valuation estimate.내러티브 업데이트 • Apr 11DNL: Refined Discount Rate And P/E Framework Will Support Measured Future Return ProfileAnalysts have raised their A$ price target for Dyno Nobel by A$X.X0, citing updated assumptions for the discount rate, profit margin and future P/E that, in their view, better reflect the company’s current risk profile and earnings power. Analyst Commentary Bullish Takeaways Bullish analysts see the higher A$ price target as more aligned with their revised discount rate and earnings assumptions, which they view as better capturing Dyno Nobel’s current risk profile.내러티브 업데이트 • Mar 28DNL: Refined Discount Rate And P/E Assumptions Will Guide Balanced Return OutlookAnalysts have lifted their A$ price target on Dyno Nobel by A$X to A$Y. This reflects updated assumptions around discount rates, revenue growth, profit margins and a slightly higher future P/E multiple following recent research updates.Buy Or Sell Opportunity • Mar 17Now 21% overvaluedOver the last 90 days, the stock has fallen 4.7% to AU$3.05. The fair value is estimated to be AU$2.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 2.9% per annum. Earnings are forecast to grow by 16% per annum over the same time period.내러티브 업데이트 • Mar 13DNL: Expanded Buyback And Jefferies Upgrade Will Support Forward P/E RepricingAnalysts have trimmed their A$ price target for Dyno Nobel, reflecting slightly lower fair value and margin assumptions, along with updated views on revenue trends and future P/E multiples following recent research, including the Jefferies upgrade rationale. Analyst Commentary Bullish Takeaways Bullish analysts see the revised A$ price targets as still offering some upside relative to their updated fair value work, even after trimming assumptions.Major Estimate Revision • Mar 11Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from AU$3.92b to AU$3.69b. EPS estimate also fell from AU$0.265 per share to AU$0.231 per share. Net income forecast to grow 174% next year vs 47% growth forecast for Chemicals industry in Australia. Consensus price target down from AU$3.59 to AU$3.43. Share price fell 10% to AU$2.99 over the past week.내러티브 업데이트 • Feb 27DNL: Buyback Expansion And Refined P/E Assumptions Will Shape Future Rating BalanceAnalysts have lifted their A$ fair value estimate for Dyno Nobel by A$0.00, citing modest adjustments to the discount rate and P/E assumptions following the recent upgrade in Street research coverage. Analyst Commentary Bullish Takeaways Bullish analysts see the recent upgrade in research coverage as a signal that the market is paying closer attention to Dyno Nobel's earnings profile and P/E assumptions, which can support a more confident fair value framework.내러티브 업데이트 • Feb 11DNL: Buybacks And P/E Assumptions Will Shape Balanced Rating OutlookAnalyst price targets for Dyno Nobel have been revised to A$3.59 from A$3.35. Analysts point to updated assumptions around discount rates, profit margins and future P/E as key reasons for the change.공시 • Feb 09+ 1 more updateDyno Nobel Limited to Report First Half, 2026 Results on May 11, 2026Dyno Nobel Limited announced that they will report first half, 2026 results on May 11, 2026내러티브 업데이트 • Jan 27DNL: Buybacks And Dividends Will Support Mixed Rating OutlookDyno Nobel's analyst price target has been revised slightly higher to A$3.59 from A$3.54, as analysts factor in modest adjustments to fair value, discount rate, revenue growth, profit margin and future P/E assumptions following recent mixed rating actions. Analyst Commentary Bullish Takeaways Bullish analysts are comfortable lifting fair value assumptions slightly, which supports the higher A$3.59 price target and reflects some confidence in Dyno Nobel's ability to execute against current forecasts.공시 • Jan 26Dyno Nobel Limited, Annual General Meeting, Dec 17, 2026Dyno Nobel Limited, Annual General Meeting, Dec 17, 2026.내러티브 업데이트 • Jan 12DNL: Neutral View Suggests Buybacks And Dividends Will Steady Future ReturnsNarrative Update: Dyno Nobel Analyst Target Revision Analysts have lowered their price target for Dyno Nobel to A$3.35 from A$3.54, citing valuation as the key driver of the updated view. Analyst Commentary Analyst commentary around Dyno Nobel is centered on valuation, with the recent move to a Neutral stance and a A$3.35 price target suggesting that, in their view, the share price now more closely reflects fundamentals.분석 기사 • Jan 09Insufficient Growth At Dyno Nobel Limited (ASX:DNL) Hampers Share PriceDyno Nobel Limited's ( ASX:DNL ) price-to-sales (or "P/S") ratio of 1.6x might make it look like a strong buy right now...분석 기사 • Dec 22Dyno Nobel Limited (ASX:DNL) Shares Could Be 30% Below Their Intrinsic Value EstimateKey Insights Using the 2 Stage Free Cash Flow to Equity, Dyno Nobel fair value estimate is AU$4.68 Dyno Nobel is...내러티브 업데이트 • Dec 18DNL: Share Buyback And Dividend Policy Will Support Future Upside PotentialAnalysts cut their price target on Dyno Nobel by A$0.08 to A$3.35. This reflects a more cautious stance on valuation despite only modest tweaks to growth and discount rate assumptions.공시 • Dec 18Dyno Nobel Limited (ASX:DNL) announces an Equity Buyback for 250,000,000 shares, representing 13.99% for AUD 740 million.Dyno Nobel Limited (ASX:DNL) announces a share repurchase program. Under the plan, the company will repurchase up to 250,000,000 shares, representing 13.99% for AUD 740 million. The repurchase program is valid till December 16, 2026. As of December 17, 2025, the company had 1,787,087,654 shares issued.분석 기사 • Dec 05Dyno Nobel (ASX:DNL) Has A Pretty Healthy Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...내러티브 업데이트 • Dec 04DNL: Dividend Payout And Neutral Rating Will Shape Steady Near Term OutlookAnalysts have modestly lowered their price target on Dyno Nobel to A$3.35 from A$3.54, citing valuation concerns following its recent outperformance. Analyst Commentary Analysts note that the downgrade to Neutral is primarily driven by valuation following Dyno Nobel's recent share price strength, rather than a material deterioration in fundamentals.Recent Insider Transactions Derivative • Dec 03MD, CEO & Director exercised options to buy AU$596k worth of stock.On the 26th of November, Mauro de Moraes exercised options to buy 180k shares at a strike price of around AU$3.43, costing a total of AU$618k. This transaction amounted to 145% of their direct individual holding at the time of the trade. Since March 2025, Mauro has owned 124.17k shares directly. Company insiders have collectively bought AU$962k more than they sold, via options and on-market transactions, in the last 12 months.내러티브 업데이트 • Nov 20DNL: Dividend Declaration and Forecast Metrics Signal Steady Outlook AheadDyno Nobel's analyst price target has been revised upward from $3.30 to $3.51. This change reflects increased optimism from analysts based on improved revenue growth projections and slightly higher expected profit margins.Major Estimate Revision • Nov 18Consensus EPS estimates increase by 11%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from AU$3.97b to AU$3.92b. EPS estimate rose from AU$0.237 to AU$0.264. Net income forecast to grow 207% next year vs 15% growth forecast for Chemicals industry in Australia. Consensus price target up from AU$3.30 to AU$3.51. Share price fell 2.9% to AU$3.33 over the past week.Declared Dividend • Nov 12Final dividend of AU$0.095 announcedShareholders will receive a dividend of AU$0.095. Ex-date: 1st December 2025 Payment date: 16th December 2025 Dividend yield will be 3.4%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (150% earnings payout ratio) nor is it covered by cash flows (213% 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 67% to bring the payout ratio under control. EPS is expected to grow by 60% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.New Risk • Nov 10New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 156% Dividend yield: 2.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 156% Minor Risk Large one-off items impacting financial results.내러티브 업데이트 • Nov 05DNL: Fair Value Estimate Will Remain Stable Amid Slight Forecast AdjustmentsAnalysts have raised their price target for Dyno Nobel slightly, from $3.29 to $3.30. They cite modest improvements in revenue growth expectations and a marginally lower discount rate in their updated forecasts.내러티브 업데이트 • Oct 22Analysts Lift Dyno Nobel Price Target as Valuation Edges Up Despite Lower GrowthAnalysts have raised their price target for Dyno Nobel slightly to $3.29 from $3.28, citing updated discount rates and revised growth expectations. Valuation Changes Fair Value has increased marginally, moving from A$3.28 to A$3.29 per share.내러티브 업데이트 • Oct 08Dyno Nobel Asia Pacific's Record Earnings And Advanced Technology To Drive Global Explosives LeadershipAnalysts have raised their price target for Dyno Nobel from $3.06 to $3.28. This reflects improved profit margin projections and a slightly lower discount rate, despite expectations for reduced revenue growth.Price Target Changed • Oct 02Price target increased by 8.0% to AU$3.28Up from AU$3.04, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of AU$3.21. Stock is up 7.0% over the past year. The company is forecast to post earnings per share of AU$0.16 next year compared to a net loss per share of AU$0.25 last year.내러티브 업데이트 • Sep 24Dyno Nobel Asia Pacific's Record Earnings And Advanced Technology To Drive Global Explosives LeadershipDyno Nobel's consensus analyst price target has increased to A$3.06, primarily reflecting a higher future P/E multiple, despite revenue growth forecasts remaining largely unchanged. Valuation Changes Summary of Valuation Changes for Dyno Nobel The Consensus Analyst Price Target has risen slightly from A$2.98 to A$3.06.분석 기사 • Sep 06Dyno Nobel Limited's (ASX:DNL) Intrinsic Value Is Potentially 45% Above Its Share PriceKey Insights Dyno Nobel's estimated fair value is AU$4.32 based on 2 Stage Free Cash Flow to Equity Dyno Nobel is...분석 기사 • Aug 15Dyno Nobel Limited's (ASX:DNL) Low P/S No Reason For ExcitementASX:DNL 1 Year Share Price vs Fair Value Explore Dyno Nobel's Fair Values from the Community and select yours Dyno...새로운 내러티브 • Aug 03Pure Explosives Focus And Global Expansion Will Drive Success Refocusing on core explosives business and leveraging advanced technologies is expected to drive higher margins, improved capital efficiency, and sustained earnings growth. 분석 기사 • Jul 23Dyno Nobel (ASX:DNL) Seems To Use Debt Quite SensiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Upcoming Dividend • Jun 06Upcoming dividend of AU$0.024 per shareEligible shareholders must have bought the stock before 13 June 2025. Payment date: 03 July 2025. The company is not currently making a profit and its cash payout ratio is 82%. Trailing yield: 4.0%. Lower than top quartile of Australian dividend payers (6.1%). Higher than average of industry peers (2.3%).분석 기사 • May 14Dyno Nobel (ASX:DNL) Is Paying Out Less In Dividends Than Last YearThe board of Dyno Nobel Limited ( ASX:DNL ) has announced that the dividend on 3rd of July will be reduced by 44% from...Declared Dividend • May 14First half dividend reduced to AU$0.024Dividend of AU$0.024 is 44% lower than last year. Ex-date: 13th June 2025 Payment date: 3rd July 2025 Dividend yield will be 3.3%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (82% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.Reported Earnings • May 13First half 2025 earnings: EPS and revenues miss analyst expectationsFirst half 2025 results: EPS: AU$0.019 (up from AU$0.04 loss in 1H 2024). Revenue: AU$1.61b (down 1.3% from 1H 2024). Net income: AU$36.1m (up AU$113.8m from 1H 2024). Profit margin: 2.2% (up from net loss in 1H 2024). Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates by 92%. Revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Australia are expected to grow by 13%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.공시 • May 12Dyno Nobel Limited Declares Interim Dividend for the Six Months Ended March 31, 2025, Payable on July 3, 2025Dyno Nobel Limited announced that Since the end of the half-year, the directors have determined to pay an interim dividend of 2.4 cents per share for a period of six months ended March 31, 2025, unfranked, to be paid on 3 July 2025. The total dividend payment will be $44.7 million. Ex Date is June 13, 2025. Record Date is June 16, 2025.공시 • Apr 02Dyno Nobel Limited Appoints Chief Financial Officer Changes, Effective 1 July 2025Dyno Nobel Limited announced that Mr. Nitesh Naidoo has been appointed as Chief Financial Officer (CFO), commencing with Dyno Nobel on 1 July 2025. Nitesh joins Dyno Nobel from Vocus Group, where he is Chief Executive - Consumer Division and the former Group Chief Financial Officer. Nitesh has extensive experience in finance, strategy, investor relations and corporate development. Damian Buttler will remain Interim CFO until 1 July 2025 and then revert to his previous role of Group Financial Controller.분석 기사 • Feb 13Does Incitec Pivot (ASX:IPL) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...공시 • Feb 11Incitec Pivot Limited, Annual General Meeting, Dec 17, 2025Incitec Pivot Limited, Annual General Meeting, Dec 17, 2025.공시 • Jan 21+ 1 more updateIncitec Pivot Limited to Report Fiscal Year 2025 Results on Nov 10, 2025Incitec Pivot Limited announced that they will report fiscal year 2025 results on Nov 10, 2025분석 기사 • Jan 20Incitec Pivot Limited's (ASX:IPL) Prospects Need A Boost To Lift SharesIncitec Pivot Limited's ( ASX:IPL ) price-to-sales (or "P/S") ratio of 1x might make it look like a strong buy right...새로운 내러티브 • Dec 19Dyno Nobel Asia Pacific's Record Earnings And Advanced Technology To Drive Global Explosives Leadership Incitec Pivot's strategy to lead in global explosives aims to double earnings through advanced technology, affecting revenue and growth. Upcoming Dividend • Nov 29Upcoming dividend of AU$0.063 per shareEligible shareholders must have bought the stock before 03 December 2024. Payment date: 18 December 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Australian dividend payers (6.0%). Higher than average of industry peers (2.3%).분석 기사 • Nov 15Incitec Pivot (ASX:IPL) Will Pay A Larger Dividend Than Last Year At A$0.063Incitec Pivot Limited ( ASX:IPL ) will increase its dividend from last year's comparable payment on the 18th of...공시 • Nov 15Incitec Pivot Limited (ASX:IPL) announces an Equity Buyback for AUD 400 million worth of its shares.Incitec Pivot Limited (ASX:IPL) announces a share repurchase program. Under the plan, the company will repurchase up to AUD 400 million worth of shares. The repurchase program is valid till November 28, 2025. As of November 15, 2024, the company had 1,892,101,721 shares issued.Declared Dividend • Nov 13Dividend of AU$0.063 announcedShareholders will receive a dividend of AU$0.063. Ex-date: 3rd December 2024 Payment date: 18th December 2024 Dividend yield will be 12%, which is higher than the industry average of 3.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.공시 • Nov 12Jarden Reportedly Tapped for Incitec Pivot Fertiliser SaleIncitec Pivot Limited (ASX:IPL)'s freshly appointed management has brought in a new investment bank to handle the sale of the distribution arm of its fertiliser business as looks to clear the decks and focus on its future as a mining explosives play. The move to break up the fertiliser unit and sell off the distribution arm was first flagged by DataRoom and announced when the company delivered its annual result on 11 November 2024. It came as the company wiped $941 million off the valuation of the Australian Incitec Pivot fertiliser division. The bank being added to the ticket is Jarden. The move comes as new boss Mauro Neves de Moraes takes over. UBS and Macquarie Capital have previously made efforts to sell the fertiliser business and Macquarie still has a role. This time, though, it appears that the group is motivated to move it off its books and look to a future focused on its more successful commercial explosives operation Dyno Nobel, so it is expected to take a realistic approach to price. Former Incitec Pivot management held out for top dollar when trying to sell its fertiliser unit twice before, and opposed a business break-up. Most buyers were keen to buy the distribution arm and few were interested in taking on the more problematic manufacturing operation. But now, with distribution available separately, the sale process is likely to involve plenty of competitive tension. Australian listed trade buyers like Elders Limited (ASX:ELD) and Ridley Corporation Limited (ASX:RIC) and global strategics like The Mosaic Company (NYSE:MOS), CF Industries Holdings, Inc. (NYSE:CF) and Nutrien Ltd. (TSX:NTR), which has a major Australian presence, will be going head to head with private equity firms like Pacific Equity Partners and BGH Capital, which have been sounded out by investment bankers in recent months. It's clear the market is in favour of the decision, with shares closing higher, despite a thumping $311 million loss and an overall $1 billion writedown to the fertiliser unit. The writedown included $100m for its US operations Most of the rest was linked to the Australian manufacturing operations. The sale process will get going in earnest early next year. The book value is now $414.3 million, compared to more than $1 billion in the past. Private equity in the past has put forward offers of less than $500 million for the fertiliser business, but that was when manufacturing was also part of the picture, although they will be still keen to snap up the operation at an opportunistic price.공시 • Nov 11Incitec Pivot to Revive Fertiliser Business Sale CampaignThe $6 billion listed industrials group Incitec Pivot Limited (ASX:IPL) is set to announce a revived sale process for its fertiliser business when it reports annual earnings on November 11, 2024 and is prepared to break up the division, valued at $1.1 billion. It confirms earlier reports in DataRoom that a fresh sale process would start in 2025 with private equity funds such as Pacific Equity Partners positioning to buy the business. Incitec Pivot is increasingly keen to distance itself from the fertiliser business and carry on as a pure-play explosives and industrial chemicals manufacturer, and has signalled this to investors. It has tried to sell the business before. There has been some informal interest from strategic players, with suggestions that groups such as Ridley or Nutrien may be keen to buy Incitec Pivot's distribution assets. Strategic buyers include Nutrient, CF Industries Holdings, Inc. (NYSE:CF) and The Mosaic Company (NYSE:MOS). Incitec Pivot held talks with Indonesia's Pupuk Kaltim for a sale of the unit earlier this year for a price thought to be more than $1 billion, but there was no deal. Morningstar says the fertiliser unit accounts for about a third of the stock's fair value - which means it comes in at about $1.2 billion. The sale comes as KPMG has been tapped to sell smaller rival Wengfu Australia. Wengfu distributes fertiliser along the east coast, with assets in Brisbane, Newcastle, Geelong, Portland and Adelaide. Market sources say that it is expected to sell for between $50 million and $80 million. However, if it sold for a similar price to the Incitec Pivot unit it would be closer to $200 million. Its parent company is Guizhou Phosphate and Chemical Group. The understanding is a data room is open. There are three overseas buyers but no domestic interest. The deal is likely to be completed in the first half of 2025.Reported Earnings • Nov 11Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: AU$0.25 loss per share (down from AU$0.14 profit in FY 2023). Revenue: AU$5.41b (flat on FY 2023). Net loss: AU$477.7m (down 273% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 11% growth forecast for the Chemicals industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.공시 • Oct 18PEP Reportedly May Look at Incitec Pivot ArmPacific Equity Partners is believed to be positioning itself to weigh a purchase of the fertiliser arm of Australian listed industrials group Incitec Pivot Limited (ASX:IPL) when it returns to the market. The understanding is that Incitec Pivot is believed to be formally re-launching the sale process for its chemicals unit next year, given the volume of deals currently unfolding in the market attracting buyout funds. DataRoom reported that BGH Capital has been reconsidering the business and recently had some informal talks after it put in an opportunistic offer of about $400 million the first time it was up for sale, so it appears that this time around, private equity could be dominating the field. Some market observers suspect that with the latest developments, the group is becoming increasingly keen to distance itself from the business and carry on life as a pure play explosives and industrial chemicals manufacturer. It comes after a couple of previous formal attempts to sell the unit through sales campaigns, and it's likely existing advisers Macquarie Capital and UBS would be running the auction. Incitec Pivot held talks with Indonesia's Pupuk Kaltim for a sale of the unit earlier this year for a price speculated to be over $1bn, but they did not result in a deal. Sydney-based PEP has been active in the Australian market of late, considering plenty of acquisition opportunities including the Healius diagnostic imaging unit, aged care business Opal, Guardian Childcare and Education, I-MED and Waste Services Group. It comes as it weighs options, including a possible sale or equity injection for its $2bn Zenith Energy.공시 • Oct 14BGH Capital Reportedly Eyes to Acquire Fertiliser Unit of Incitec PivotAs BGH Capital continues to eye up acquisition opportunities, one of the more interesting targets it has turned its attention back to is understood to be the fertiliser unit of Incitec Pivot Limited (ASX:IPL). The Melbourne-based private equity firm looked at the unit when it was placed up for sale by Macquarie Capital and UBS before the global pandemic hit in 2020. However, it was only ever interested in offering up to $400 million, far below the company's price expectations that were closer to $1 billion, say sources. But it is understood that those around the company have been paying a visit to private equity shops in the past few months after calling off a sale to Indonesian buyer Pupuk Kaltim. However, the market chatter is that while BGH is understood to have revisited the opportunity, it's not thought to have been fully convinced it is an opportunity worth pouncing on. DataRoom reported last month that there was activity once again around the $6 billion Incitec Pivot with some expecting the fertilisers business to be broken up and sold off in parts. Nutrien would be the obvious buyer, while Elders may look along with Ridley, but they would likely only want its distribution operations rather than the manufacturing arm, which is now only a small part of the business and is mainly involved in the blending process of fertiliser rather than manufacturing it from scratch. When it was previously on the market, parties put in offers for parts of the fertiliser business, hoping to cherry pick assets such as its up-country blending facilities. Morningstar says the fertiliser unit accounts for about a third of its fair value estimate on the stock or about $1.20 per share, which puts a value on the unit at about $1.2 billion.공시 • Oct 08Paul Victor to Leave the Incitec Pivot Limited as Chief Financial Officer, Effective 15 February 2025Incitec Pivot Limited announced that Paul Victor, Chief Financial Officer (CFO) has informed the Company of his intention to leave IPL. Paul will continue as CFO until 15 February 2025 to deliver the FY24 results and to support an orderly transition while an executive search for a new CFO is undertaken.분석 기사 • Oct 07Incitec Pivot Limited's (ASX:IPL) Business And Shares Still Trailing The IndustryYou may think that with a price-to-sales (or "P/S") ratio of 1.1x Incitec Pivot Limited ( ASX:IPL ) is definitely a...분석 기사 • Aug 28Is Incitec Pivot (ASX:IPL) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...공시 • Jul 18Incitec Pivot Limited Announces the Appointment of Fiona Hick as an Independent Non-Executive Director, Effective 1 September 2024Incitec Pivot Limited announced the appointment of Ms. Fiona Hick as an independent non-executive director to the IPL Board, with effect from 1 September 2024. Fiona Hick will stand for election at IPL’s 2024 Annual General Meeting, scheduled to be held on 19 December 2024. Fiona Hick Fiona Hick has held executive and leadership roles in the energy and mining industries over a 29-year career with Fortescue Metals Group Limited, Woodside Energy Group Limited and Rio Tinto Limited. Most recently Fiona was the Chief Executive Officer of Fortescue Metals Group. Prior to this, Fiona held several executive and operational leadership roles with Woodside Energy, where she spent over 20 years. She was promoted to Executive Vice President of Operations from late 2019 – 2022, following her roles as Vice President Strategy, Planning and Analysis in 2019 and Vice President Health, Safety, Environment and Quality from 2016 – 2018. She held strategy, governance and engineering related roles from 2001 – 2016. Prior to Woodside Energy, Fiona spent 5 years in corporate and operational roles at Rio Tinto. Fiona is a non-executive director of Evolution Mining Limited, appointed in July 2024. Fiona has been the President and Chair of the Advisory Board for the Chamber of Minerals and Energy, Western Australia. She was a non-executive director of CO2CRC Limited and a Strategic Resources Committee member of the University of Western Australia. Fiona holds a Bachelor of Metallurgical and Materials Engineering (Hons) from the University of Western Australia and a Bachelor of Applied Science in Energy and Carbon Studies from Murdoch University. She is a graduate of the Australian Institute of Company Directors, a fellow of the Institute of Engineers Australia, and a member of Chief Executive Women. She has won several industry awards, including the Chamber of Minerals and Energy, Western Australia’s Outstanding Woman in Resources award in 2019, and the Institute of Chemical Engineers Global Process Safety Award to the Woodside Energy team under Fiona’s leadership in 2018.공시 • Jul 11Incitec Pivot Ltd Ceases Negotiations for Sale of Fertilisers BusinessIncitec Pivot Limited (ASX:IPL) ceased negotiations for sale of fertilisers business. The company ceased negotiations with PT Pupuk Kalimantan Timur for sale of its fertilisers business.분석 기사 • Jun 14Incitec Pivot Limited's (ASX:IPL) Business And Shares Still Trailing The IndustryWith a price-to-sales (or "P/S") ratio of 1.1x Incitec Pivot Limited ( ASX:IPL ) may be sending very bullish signals at...Upcoming Dividend • Jun 06Upcoming dividend of AU$0.043 per shareEligible shareholders must have bought the stock before 13 June 2024. Payment date: 04 July 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 5.1%. Lower than top quartile of Australian dividend payers (6.4%). Higher than average of industry peers (2.3%).분석 기사 • May 24Incitec Pivot's (ASX:IPL) Dividend Will Be Reduced To A$0.043Incitec Pivot Limited's ( ASX:IPL ) dividend is being reduced from last year's payment covering the same period to...Declared Dividend • May 18Dividend of AU$0.043 announcedShareholders will receive a dividend of AU$0.043. Ex-date: 13th June 2024 Payment date: 4th July 2024 Dividend yield will be 12%, which is higher than the industry average of 3.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (336% cash payout ratio). The dividend has increased by an average of 5.0% per year over the past 10 years. However, payments have been volatile during that time.Reported Earnings • May 16First half 2024 earnings released: AU$0.15 loss per share (vs AU$0.066 profit in 1H 2023)First half 2024 results: AU$0.15 loss per share (down from AU$0.066 profit in 1H 2023). Revenue: AU$2.47b (down 6.1% from 1H 2023). Net loss: AU$289.4m (down 325% from profit in 1H 2023). Revenue is forecast to stay flat during the next 3 years compared to a 9.6% growth forecast for the Chemicals industry in Australia. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth.공시 • Feb 08Incitec Pivot Limited Announces Resignation of Xiaoling Liu as Non-Executive Director, Effective 31 May 2024Incitec Pivot Limited (IPL) announced that Dr Xiaoling Liu has signalled her intention to resign as a non-executive director of IPL, effective 31 May 2024. Xiaoling has been a director of IPL since 25 November 2019 and has served on the Audit and Risk Management Committee and the Health, Safety, Environment and Community Committee since her appointment.분석 기사 • Feb 06An Intrinsic Calculation For Incitec Pivot Limited (ASX:IPL) Suggests It's 41% UndervaluedKey Insights The projected fair value for Incitec Pivot is AU$4.55 based on 2 Stage Free Cash Flow to Equity Incitec...공시 • Jan 25Incitec Pivot Limited Announces Special Dividend, Payable on February 8, 2024Incitec Pivot Limited announced special dividend of AUD 0.10170000 per share. Record date is February 1, 2024. Ex-date is January 31, 2024.Payable on February 8, 2024.공시 • Jan 24+ 1 more updateIncitec Pivot Limited, Annual General Meeting, Dec 19, 2024Incitec Pivot Limited, Annual General Meeting, Dec 19, 2024.분석 기사 • Jan 16Incitec Pivot Limited's (ASX:IPL) Earnings Haven't Escaped The Attention Of InvestorsThere wouldn't be many who think Incitec Pivot Limited's ( ASX:IPL ) price-to-earnings (or "P/E") ratio of 19.3x is...공시 • Dec 12+ 1 more updateIncitec Pivot Limited Appoints Mauro Neves de Moraes as Managing Director, Effective 22 January, 2024Incitec Pivot Limited announced that Mr. Mauro Neves de Moraes has been appointed as Managing Director of IPL, following a comprehensive search process. Mauro will assume the Managing Director role effective 22 January 2024. Mauro Neves is a global executive with 30 years' industry experience across the resources and logistics sectors. A mechanical engineer with dual Brazilian Australian citizenship, Mauro has an impressive track record driving operational and strategic business performance for some of the world's biggest mining companies. Mauro joined BHP in 2017 as Asset President for the company's Escondida operations in Chile, accountable for this joint venture between BHP, Rio Tinto and JECO (Japanese consortium led by Mitsubishi). In 2021 Mauro was appointed Asset President for BHP Mitsubishi Alliance (BMA) in Queensland, Australia's producer and supplier of seaborne metallurgical coal (which is a joint venture between BHP and Mitsubishi Development). From 2014 to 2017, Mauro served as Executive Vice President - Commercial and Marketing at Aurizon Holdings Limited. As a member of their executive committee, he was accountable for managing a portfolio of A$4bn annual sales. Aurizon is one of the rail freight operators in Australia. Prior to this, Mauro held various roles at Vale S.A. (between 2004 - 2014), a Brazilian multinational miner and logistics operator. During his ten years with Vale, Mauro held the role of Global Coal Director where he led the Vale coal business with operations in Australia, Colombia, Mozambique and China. Mauro holds a Bachelor of Mechanical Engineering from Universidade Federal do Rio de Janeiro (1994) and a Master of Science, Business Logistics and Administration from Pontificia Universidade (1997).공시 • Dec 02CF Industries Holdings, Inc. (NYSE:CF) completed the acquisition of Ammonia Production Facility and Business in Waggaman, Louisiana of from Incitec Pivot Limited (ASX:IPL).CF Industries Holdings, Inc. (NYSE:CF) entered into an agreement to acquire Ammonia Production Facility and Business in Waggaman, Louisiana of from Incitec Pivot Limited (ASX:IPL) for $1.7 billion on March 20, 2023. Under the terms of the agreement, CF Industries will purchase IPL’s ammonia production complex located in Waggaman, Louisiana and the ammonia manufacturing business for a purchase price of $1.675 billion, subject to adjustment. The parties will allocate approximately $425 million of the purchase price to a long-term ammonia offtake agreement providing for an affiliate of CF Industries to supply up to 200,000 tons of ammonia per year to an affiliate of IPL. CF Industries expects to fund the remaining $1.25 billion of the purchase price with cash on hand. CF Industries has agreed to pay IPL a termination fee of $75 million if the Agreement is terminated in certain circumstances and certain regulatory approvals are not obtained. As of November 15, 2023, CF Industries announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. The consummation of the transaction is subject to the satisfaction or waiver of customary conditions, including, among others, the expiration or early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and receipt of certain regulatory approvals. The transaction has been unanimously approved by the boards of directors of both companies. As of November 1, 2023, the transaction is expected to close on December 1, 2023. Goldman Sachs & Co. LLC is serving as the financial advisor to CF Industries on the transaction. Richard C. Witzel,Jr. of Skadden, Arps, Slate, Meagher & Flom LLP is acting as its legal advisor. Ryan Maierson and Lauren Anderson of Latham?& Watkins LLP are acting as legal advisor to IPL. IPL engaged J.P. Morgan Securities LLC as financial advisor. Ernst & Young Australia acted as financial advisor and due diligence provider to Incitec Pivot Limited (ASX:IPL). CF Industries Holdings, Inc. (NYSE:CF) completed the acquisition of Ammonia Production Facility and Business in Waggaman, Louisiana of from Incitec Pivot Limited (ASX:IPL) on December 1, 2023.분석 기사 • Dec 01Incitec Pivot's (ASX:IPL) Shareholders Will Receive A Smaller Dividend Than Last YearIncitec Pivot Limited's ( ASX:IPL ) dividend is being reduced from last year's payment covering the same period to...Upcoming Dividend • Nov 27Upcoming dividend of AU$0.05 per share at 5.3% yieldEligible shareholders must have bought the stock before 04 December 2023. Payment date: 19 December 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.3%. Lower than top quartile of Australian dividend payers (7.1%). Higher than average of industry peers (3.7%).분석 기사 • Nov 17Incitec Pivot's (ASX:IPL) Dividend Will Be Reduced To A$0.05Incitec Pivot Limited's ( ASX:IPL ) dividend is being reduced from last year's payment covering the same period to...공시 • Nov 14Incitec Pivot Limited Announces Board ChangesIncitec Pivot Limited announced that Mr. Brian Kruger has stepped down as IPL Chairman and as a non-executive director immediately, due to personal reasons. The Board has appointed current non-executive director Mr. Greg Robinson to succeed Brian, with the change taking effect on 11 November 2023. Brian has been a director of IPL since June 2017 and was appointed Chairman of the Board in July 2019. During his tenure as Chairman, the Company has delivered sustained earnings for shareholders through the challenges of the COVID-19 pandemic and a changing geopolitical landscape. Brian has steered the Company's strategy to separate IPL's two industry leading businesses, and significant achievements for the Company during Brian's tenure include the sale of the Waggaman ammonia manufacturing facility in the US (and securing long term ammonia supply for the Dyno Nobel Americas business), the successful partnership with Perdaman for a 20-year urea offtake arrangement, development of industry leading product technologies, as well as IPL's clear roadmap for decarbonisation. Greg joined the IPL Board in November 2019 and has been the Chairman of the Remuneration Committee, member of the Audit and Risk Management Committee and member of the Nominations Committee. Greg has extensive experience in the resources and finance industries, having held senior executive roles at Newcrest Mining, BHP, Lattice Energy and Merrill Lynch, spanning over 30 years. Greg remains a non-executive director of Royal Automobile Club of Victoria (RACV) Limited and Rex Minerals Limited. IPL also announced that Mr. George Biltz has advised that he will not seek re-election as a non-executive director at the next Annual General meeting and will retire from the IPL Board at the conclusion of IPL's 2023 Annual General Meeting to be held on 20 December 2023.공시 • Nov 13Incitec Pivot Limited to Report Fiscal Year 2023 Final Results on Nov 20, 2023Incitec Pivot Limited announced that they will report fiscal year 2023 final results on Nov 20, 2023Reported Earnings • Nov 13Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: AU$0.14 (down from AU$0.52 in FY 2022). Revenue: AU$5.53b (down 14% from FY 2022). Net income: AU$276.3m (down 73% from FY 2022). Profit margin: 5.0% (down from 16% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 47%. Revenue is forecast to stay flat during the next 3 years compared to a 8.4% growth forecast for the Chemicals industry in Australia. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.분석 기사 • Nov 10Here's Why We Think Incitec Pivot (ASX:IPL) Is Well Worth WatchingThe excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...분석 기사 • Sep 01A Look At The Intrinsic Value Of Incitec Pivot Limited (ASX:IPL)Key Insights Incitec Pivot's estimated fair value is AU$3.33 based on 2 Stage Free Cash Flow to Equity With AU$3.01...공시 • Jul 14Incitec Pivot Updates on Structural Separation of Fertilisers BusinessIncitec Pivot Limited (ASX:IPL) provided an update on the proposed structural separation of Incitec Pivot Fertilisers Pty Ltd. and Dyno Nobel Pty Limited with the intention to create two industry leading businesses. IPL notes there has been speculation that it may be considering a potential sale of its fertilisers business. IPL confirms that it has received a number of approaches for the potential acquisition of its fertilisers business. The Board's assessment of a potential sale is being considered alongside the proposed demerger, which remains a strategic priority for the Board. The Board will continually assess all options to ensure shareholder value is maximised. Discussions are incomplete, and there is no certainty that any agreement will be reached or that any sale transaction will occur.분석 기사 • Jun 27Incitec Pivot (ASX:IPL) Seems To Use Debt Quite SensiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Upcoming Dividend • Jun 08Upcoming dividend of AU$0.10 per share at 9.5% yieldEligible shareholders must have bought the stock before 15 June 2023. Payment date: 04 July 2023. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 9.5%. Within top quartile of Australian dividend payers (7.6%). Higher than average of industry peers (5.1%).공시 • Jun 06+ 1 more updateIncitec Pivot Limited Announces Chief Executive Officer ChangesIncitec Pivot Limited announced that Jeanne Johns will be stepping down from her role as Managing Director and CEO. Paul Victor, IPL's Chief Financial Officer, has been appointed as interim CEO while the Board undertakes a comprehensive search process for a permanent CEO. Jeanne will continue to work with the Board and Paul Victor until 30 June 2023 to facilitate a smooth transition of her responsibilities.Major Estimate Revision • May 23Consensus EPS estimates fall by 15%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from AU$0.379 to AU$0.322 per share. Revenue forecast steady at AU$6.12b. Net income forecast to shrink 33% next year vs 4.8% growth forecast for Chemicals industry in Australia . Consensus price target down from AU$3.87 to AU$3.47. Share price fell 5.0% to AU$3.03 over the past week.공시 • May 19Incitec Pivot Limited Announces Dividend for the Six Months Ended March 31, 2023, Payment Date of July 4, 2023Incitec Pivot Limited announced dividend of AUD 0.10000000 for the six months ended March 31, 2023. Record date is June 15, 2023; ex-date is June 15, 2023; and payment date is July 4, 2023.분석 기사 • May 18Incitec Pivot (ASX:IPL) Is Looking To Continue Growing Its Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Price Target Changed • May 18Price target decreased by 9.8% to AU$3.50Down from AU$3.87, the current price target is an average from 10 analysts. New target price is 16% above last closing price of AU$3.02. Stock is down 21% over the past year. The company is forecast to post earnings per share of AU$0.34 for next year compared to AU$0.52 last year.Reported Earnings • May 18First half 2023 earnings released: EPS: AU$0.066 (vs AU$0.20 in 1H 2022)First half 2023 results: EPS: AU$0.066 (down from AU$0.20 in 1H 2022). Revenue: AU$2.67b (up 4.0% from 1H 2022). Net income: AU$128.8m (down 67% from 1H 2022). Profit margin: 4.8% (down from 15% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Australia are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.분석 기사 • May 04Incitec Pivot Limited's (ASX:IPL) Intrinsic Value Is Potentially 33% Above Its Share PriceKey Insights Using the 2 Stage Free Cash Flow to Equity, Incitec Pivot fair value estimate is AU$4.17 Current share...매출 및 비용 세부 내역Dyno Nobel가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이ASX:DNL 매출, 비용 및 순이익 (AUD Millions)날짜매출순이익일반관리비연구개발비31 Mar 263,9052551,237031 Dec 253,8372011,246030 Sep 253,7681471,255030 Jun 253,566-121,173031 Mar 253,471-1711,165031 Dec 243,535-2281,196030 Sep 243,598-2851,227030 Jun 244,020-1071,227031 Mar 244,441701,228031 Dec 234,9421731,242030 Sep 235,4442771,256031 Mar 235,9534881,218031 Dec 225,7555691,162030 Sep 225,5566491,107030 Jun 225,5046601,087031 Mar 224,8754021,051031 Dec 214,6272761,034030 Sep 214,3801491,016030 Jun 214,1151221,005031 Mar 213,84995995031 Dec 203,9151091,017030 Sep 203,9801231,040030 Jun 204,0261491,049031 Mar 204,0721751,059031 Dec 194,0161641,046030 Sep 193,9601521,033030 Jun 193,9551971,021031 Mar 193,9512421,009031 Dec 183,9222251,001030 Sep 183,892208993030 Jun 183,772191973031 Mar 183,651174952031 Dec 173,574246939030 Sep 173,497319926030 Jun 173,442284926031 Mar 173,388249926031 Dec 163,383188932030 Sep 163,378128939030 Jun 163,493206941031 Mar 163,609284943031 Dec 153,645341951030 Sep 153,682399958030 Jun 153,5733389380양질의 수익: DNL는 A$274.3M 규모의 큰 일회성 손실이 있어 31st March, 2026까지 지난 12개월 재무 결과에 영향을 미쳤습니다.이익 마진 증가: DNL는 과거에 흑자전환했습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: DNL의 수익은 지난 5년 동안 연평균 27.7% 감소했습니다.성장 가속화: DNL는 지난해 흑자전환하여 5년 평균과 수익 성장률을 비교하기 어렵습니다.수익 대 산업: DNL는 지난해 흑자전환하여 지난 해 수익 성장률을 Chemicals 업계(4.5%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: DNL의 자본 수익률(6.3%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMaterials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/24 22:27종가2026/05/22 00:00수익2026/03/31연간 수익2025/09/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Dyno Nobel Limited는 35명의 분석가가 다루고 있습니다. 이 중 12명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관David Matthew KratochvilAlliance Global PartnersJosh KannourakisBarrenjoey Markets Pty LimitedBrook Campbell-CrawfordBarrenjoey Markets Pty Limited32명의 분석가 더 보기
분석 기사 • May 19Dyno Nobel's (ASX:DNL) Performance Is Even Better Than Its Earnings SuggestDyno Nobel Limited ( ASX:DNL ) recently posted some strong earnings, and the market responded positively. We did some...
Reported Earnings • May 12First half 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst half 2026 results: EPS: AU$0.081 (up from AU$0.019 in 1H 2025). Revenue: AU$1.64b (up 9.2% from 1H 2025). Net income: AU$144.5m (up 298% from 1H 2025). Profit margin: 8.8% (up from 2.4% in 1H 2025). Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) missed analyst estimates by 86%. Revenue is expected to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Australia are expected to grow by 5.9%. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
공시 • Feb 09+ 1 more updateDyno Nobel Limited to Report First Half, 2026 Results on May 11, 2026Dyno Nobel Limited announced that they will report first half, 2026 results on May 11, 2026
Reported Earnings • May 13First half 2025 earnings: EPS and revenues miss analyst expectationsFirst half 2025 results: EPS: AU$0.019 (up from AU$0.04 loss in 1H 2024). Revenue: AU$1.61b (down 1.3% from 1H 2024). Net income: AU$36.1m (up AU$113.8m from 1H 2024). Profit margin: 2.2% (up from net loss in 1H 2024). Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates by 92%. Revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Australia are expected to grow by 13%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.
공시 • Jan 21+ 1 more updateIncitec Pivot Limited to Report Fiscal Year 2025 Results on Nov 10, 2025Incitec Pivot Limited announced that they will report fiscal year 2025 results on Nov 10, 2025
Reported Earnings • Nov 11Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: AU$0.25 loss per share (down from AU$0.14 profit in FY 2023). Revenue: AU$5.41b (flat on FY 2023). Net loss: AU$477.7m (down 273% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 11% growth forecast for the Chemicals industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.
내러티브 업데이트 • May 20DNL: Lower Discount Rate And Dividend Payout Will Support Measured Return OutlookAnalysts have raised their price target on Dyno Nobel to A$3.61 from A$3.43, reflecting updated assumptions that include a slightly lower discount rate, a modestly higher profit margin and a reduced future P/E multiple, even as forecast revenue growth is marked down a touch. What's in the News Dyno Nobel declared an ordinary dividend of A$0.046 per share for the six months ended March 31, 2026, providing cash returns to shareholders for this period (Key Developments).
분석 기사 • May 19Dyno Nobel's (ASX:DNL) Performance Is Even Better Than Its Earnings SuggestDyno Nobel Limited ( ASX:DNL ) recently posted some strong earnings, and the market responded positively. We did some...
Major Estimate Revision • May 18Consensus EPS estimates fall by 42%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from AU$0.206 to AU$0.119 per share. Revenue forecast steady at AU$3.56b. Net income forecast to grow 7.9% next year vs 53% growth forecast for Chemicals industry in Australia. Consensus price target up from AU$3.41 to AU$3.61. Share price rose 4.2% to AU$3.69 over the past week.
Declared Dividend • May 13First half dividend increased to AU$0.046Dividend of AU$0.046 is 92% higher than last year. Ex-date: 12th June 2026 Payment date: 2nd July 2026 Dividend yield will be 3.9%, which is higher than the industry average of 3.5%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. 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 11% to bring the payout ratio under control. EPS is expected to grow by 40% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
Reported Earnings • May 12First half 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst half 2026 results: EPS: AU$0.081 (up from AU$0.019 in 1H 2025). Revenue: AU$1.64b (up 9.2% from 1H 2025). Net income: AU$144.5m (up 298% from 1H 2025). Profit margin: 8.8% (up from 2.4% in 1H 2025). Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) missed analyst estimates by 86%. Revenue is expected to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Australia are expected to grow by 5.9%. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
속보 • May 12Dyno Nobel Reports 39% EBIT Growth and Refocuses on Explosives After Fertilizers SeparationDyno Nobel reported EBIT of $243 million for the first half of 2026, which the company described as a 39% increase. The company completed the separation of its fertilizers business, positioning Dyno Nobel as a pure-play explosives company. North American operations were highlighted as a key earnings driver, with the company citing a 42% gain in earnings on the back of customer wins and demand. The shift to a focused explosives business, combined with the EBIT uplift and North American earnings contribution, indicates that management is placing greater emphasis on core blasting products and services. Investors may want to monitor how sustainable the current demand trends are in North America and how the new, simplified structure affects margins and capital allocation over the next few reporting periods.
내러티브 업데이트 • Apr 27DNL: Slightly Higher P/E Assumptions Will Support A Measured Return OutlookAnalysts have nudged their price target on Dyno Nobel slightly higher to A$21.10 from A$20.90, citing a small adjustment in discount rate assumptions and updated expectations around revenue trends, profit margins, and future P/E levels. Valuation Changes Fair Value: A$3.43 is unchanged, indicating no revision to the core valuation estimate.
내러티브 업데이트 • Apr 11DNL: Refined Discount Rate And P/E Framework Will Support Measured Future Return ProfileAnalysts have raised their A$ price target for Dyno Nobel by A$X.X0, citing updated assumptions for the discount rate, profit margin and future P/E that, in their view, better reflect the company’s current risk profile and earnings power. Analyst Commentary Bullish Takeaways Bullish analysts see the higher A$ price target as more aligned with their revised discount rate and earnings assumptions, which they view as better capturing Dyno Nobel’s current risk profile.
내러티브 업데이트 • Mar 28DNL: Refined Discount Rate And P/E Assumptions Will Guide Balanced Return OutlookAnalysts have lifted their A$ price target on Dyno Nobel by A$X to A$Y. This reflects updated assumptions around discount rates, revenue growth, profit margins and a slightly higher future P/E multiple following recent research updates.
Buy Or Sell Opportunity • Mar 17Now 21% overvaluedOver the last 90 days, the stock has fallen 4.7% to AU$3.05. The fair value is estimated to be AU$2.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 2.9% per annum. Earnings are forecast to grow by 16% per annum over the same time period.
내러티브 업데이트 • Mar 13DNL: Expanded Buyback And Jefferies Upgrade Will Support Forward P/E RepricingAnalysts have trimmed their A$ price target for Dyno Nobel, reflecting slightly lower fair value and margin assumptions, along with updated views on revenue trends and future P/E multiples following recent research, including the Jefferies upgrade rationale. Analyst Commentary Bullish Takeaways Bullish analysts see the revised A$ price targets as still offering some upside relative to their updated fair value work, even after trimming assumptions.
Major Estimate Revision • Mar 11Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from AU$3.92b to AU$3.69b. EPS estimate also fell from AU$0.265 per share to AU$0.231 per share. Net income forecast to grow 174% next year vs 47% growth forecast for Chemicals industry in Australia. Consensus price target down from AU$3.59 to AU$3.43. Share price fell 10% to AU$2.99 over the past week.
내러티브 업데이트 • Feb 27DNL: Buyback Expansion And Refined P/E Assumptions Will Shape Future Rating BalanceAnalysts have lifted their A$ fair value estimate for Dyno Nobel by A$0.00, citing modest adjustments to the discount rate and P/E assumptions following the recent upgrade in Street research coverage. Analyst Commentary Bullish Takeaways Bullish analysts see the recent upgrade in research coverage as a signal that the market is paying closer attention to Dyno Nobel's earnings profile and P/E assumptions, which can support a more confident fair value framework.
내러티브 업데이트 • Feb 11DNL: Buybacks And P/E Assumptions Will Shape Balanced Rating OutlookAnalyst price targets for Dyno Nobel have been revised to A$3.59 from A$3.35. Analysts point to updated assumptions around discount rates, profit margins and future P/E as key reasons for the change.
공시 • Feb 09+ 1 more updateDyno Nobel Limited to Report First Half, 2026 Results on May 11, 2026Dyno Nobel Limited announced that they will report first half, 2026 results on May 11, 2026
내러티브 업데이트 • Jan 27DNL: Buybacks And Dividends Will Support Mixed Rating OutlookDyno Nobel's analyst price target has been revised slightly higher to A$3.59 from A$3.54, as analysts factor in modest adjustments to fair value, discount rate, revenue growth, profit margin and future P/E assumptions following recent mixed rating actions. Analyst Commentary Bullish Takeaways Bullish analysts are comfortable lifting fair value assumptions slightly, which supports the higher A$3.59 price target and reflects some confidence in Dyno Nobel's ability to execute against current forecasts.
공시 • Jan 26Dyno Nobel Limited, Annual General Meeting, Dec 17, 2026Dyno Nobel Limited, Annual General Meeting, Dec 17, 2026.
내러티브 업데이트 • Jan 12DNL: Neutral View Suggests Buybacks And Dividends Will Steady Future ReturnsNarrative Update: Dyno Nobel Analyst Target Revision Analysts have lowered their price target for Dyno Nobel to A$3.35 from A$3.54, citing valuation as the key driver of the updated view. Analyst Commentary Analyst commentary around Dyno Nobel is centered on valuation, with the recent move to a Neutral stance and a A$3.35 price target suggesting that, in their view, the share price now more closely reflects fundamentals.
분석 기사 • Jan 09Insufficient Growth At Dyno Nobel Limited (ASX:DNL) Hampers Share PriceDyno Nobel Limited's ( ASX:DNL ) price-to-sales (or "P/S") ratio of 1.6x might make it look like a strong buy right now...
분석 기사 • Dec 22Dyno Nobel Limited (ASX:DNL) Shares Could Be 30% Below Their Intrinsic Value EstimateKey Insights Using the 2 Stage Free Cash Flow to Equity, Dyno Nobel fair value estimate is AU$4.68 Dyno Nobel is...
내러티브 업데이트 • Dec 18DNL: Share Buyback And Dividend Policy Will Support Future Upside PotentialAnalysts cut their price target on Dyno Nobel by A$0.08 to A$3.35. This reflects a more cautious stance on valuation despite only modest tweaks to growth and discount rate assumptions.
공시 • Dec 18Dyno Nobel Limited (ASX:DNL) announces an Equity Buyback for 250,000,000 shares, representing 13.99% for AUD 740 million.Dyno Nobel Limited (ASX:DNL) announces a share repurchase program. Under the plan, the company will repurchase up to 250,000,000 shares, representing 13.99% for AUD 740 million. The repurchase program is valid till December 16, 2026. As of December 17, 2025, the company had 1,787,087,654 shares issued.
분석 기사 • Dec 05Dyno Nobel (ASX:DNL) Has A Pretty Healthy Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
내러티브 업데이트 • Dec 04DNL: Dividend Payout And Neutral Rating Will Shape Steady Near Term OutlookAnalysts have modestly lowered their price target on Dyno Nobel to A$3.35 from A$3.54, citing valuation concerns following its recent outperformance. Analyst Commentary Analysts note that the downgrade to Neutral is primarily driven by valuation following Dyno Nobel's recent share price strength, rather than a material deterioration in fundamentals.
Recent Insider Transactions Derivative • Dec 03MD, CEO & Director exercised options to buy AU$596k worth of stock.On the 26th of November, Mauro de Moraes exercised options to buy 180k shares at a strike price of around AU$3.43, costing a total of AU$618k. This transaction amounted to 145% of their direct individual holding at the time of the trade. Since March 2025, Mauro has owned 124.17k shares directly. Company insiders have collectively bought AU$962k more than they sold, via options and on-market transactions, in the last 12 months.
내러티브 업데이트 • Nov 20DNL: Dividend Declaration and Forecast Metrics Signal Steady Outlook AheadDyno Nobel's analyst price target has been revised upward from $3.30 to $3.51. This change reflects increased optimism from analysts based on improved revenue growth projections and slightly higher expected profit margins.
Major Estimate Revision • Nov 18Consensus EPS estimates increase by 11%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from AU$3.97b to AU$3.92b. EPS estimate rose from AU$0.237 to AU$0.264. Net income forecast to grow 207% next year vs 15% growth forecast for Chemicals industry in Australia. Consensus price target up from AU$3.30 to AU$3.51. Share price fell 2.9% to AU$3.33 over the past week.
Declared Dividend • Nov 12Final dividend of AU$0.095 announcedShareholders will receive a dividend of AU$0.095. Ex-date: 1st December 2025 Payment date: 16th December 2025 Dividend yield will be 3.4%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (150% earnings payout ratio) nor is it covered by cash flows (213% 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 67% to bring the payout ratio under control. EPS is expected to grow by 60% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
New Risk • Nov 10New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 156% Dividend yield: 2.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 156% Minor Risk Large one-off items impacting financial results.
내러티브 업데이트 • Nov 05DNL: Fair Value Estimate Will Remain Stable Amid Slight Forecast AdjustmentsAnalysts have raised their price target for Dyno Nobel slightly, from $3.29 to $3.30. They cite modest improvements in revenue growth expectations and a marginally lower discount rate in their updated forecasts.
내러티브 업데이트 • Oct 22Analysts Lift Dyno Nobel Price Target as Valuation Edges Up Despite Lower GrowthAnalysts have raised their price target for Dyno Nobel slightly to $3.29 from $3.28, citing updated discount rates and revised growth expectations. Valuation Changes Fair Value has increased marginally, moving from A$3.28 to A$3.29 per share.
내러티브 업데이트 • Oct 08Dyno Nobel Asia Pacific's Record Earnings And Advanced Technology To Drive Global Explosives LeadershipAnalysts have raised their price target for Dyno Nobel from $3.06 to $3.28. This reflects improved profit margin projections and a slightly lower discount rate, despite expectations for reduced revenue growth.
Price Target Changed • Oct 02Price target increased by 8.0% to AU$3.28Up from AU$3.04, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of AU$3.21. Stock is up 7.0% over the past year. The company is forecast to post earnings per share of AU$0.16 next year compared to a net loss per share of AU$0.25 last year.
내러티브 업데이트 • Sep 24Dyno Nobel Asia Pacific's Record Earnings And Advanced Technology To Drive Global Explosives LeadershipDyno Nobel's consensus analyst price target has increased to A$3.06, primarily reflecting a higher future P/E multiple, despite revenue growth forecasts remaining largely unchanged. Valuation Changes Summary of Valuation Changes for Dyno Nobel The Consensus Analyst Price Target has risen slightly from A$2.98 to A$3.06.
분석 기사 • Sep 06Dyno Nobel Limited's (ASX:DNL) Intrinsic Value Is Potentially 45% Above Its Share PriceKey Insights Dyno Nobel's estimated fair value is AU$4.32 based on 2 Stage Free Cash Flow to Equity Dyno Nobel is...
분석 기사 • Aug 15Dyno Nobel Limited's (ASX:DNL) Low P/S No Reason For ExcitementASX:DNL 1 Year Share Price vs Fair Value Explore Dyno Nobel's Fair Values from the Community and select yours Dyno...
새로운 내러티브 • Aug 03Pure Explosives Focus And Global Expansion Will Drive Success Refocusing on core explosives business and leveraging advanced technologies is expected to drive higher margins, improved capital efficiency, and sustained earnings growth.
분석 기사 • Jul 23Dyno Nobel (ASX:DNL) Seems To Use Debt Quite SensiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Upcoming Dividend • Jun 06Upcoming dividend of AU$0.024 per shareEligible shareholders must have bought the stock before 13 June 2025. Payment date: 03 July 2025. The company is not currently making a profit and its cash payout ratio is 82%. Trailing yield: 4.0%. Lower than top quartile of Australian dividend payers (6.1%). Higher than average of industry peers (2.3%).
분석 기사 • May 14Dyno Nobel (ASX:DNL) Is Paying Out Less In Dividends Than Last YearThe board of Dyno Nobel Limited ( ASX:DNL ) has announced that the dividend on 3rd of July will be reduced by 44% from...
Declared Dividend • May 14First half dividend reduced to AU$0.024Dividend of AU$0.024 is 44% lower than last year. Ex-date: 13th June 2025 Payment date: 3rd July 2025 Dividend yield will be 3.3%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (82% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.
Reported Earnings • May 13First half 2025 earnings: EPS and revenues miss analyst expectationsFirst half 2025 results: EPS: AU$0.019 (up from AU$0.04 loss in 1H 2024). Revenue: AU$1.61b (down 1.3% from 1H 2024). Net income: AU$36.1m (up AU$113.8m from 1H 2024). Profit margin: 2.2% (up from net loss in 1H 2024). Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates by 92%. Revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Australia are expected to grow by 13%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.
공시 • May 12Dyno Nobel Limited Declares Interim Dividend for the Six Months Ended March 31, 2025, Payable on July 3, 2025Dyno Nobel Limited announced that Since the end of the half-year, the directors have determined to pay an interim dividend of 2.4 cents per share for a period of six months ended March 31, 2025, unfranked, to be paid on 3 July 2025. The total dividend payment will be $44.7 million. Ex Date is June 13, 2025. Record Date is June 16, 2025.
공시 • Apr 02Dyno Nobel Limited Appoints Chief Financial Officer Changes, Effective 1 July 2025Dyno Nobel Limited announced that Mr. Nitesh Naidoo has been appointed as Chief Financial Officer (CFO), commencing with Dyno Nobel on 1 July 2025. Nitesh joins Dyno Nobel from Vocus Group, where he is Chief Executive - Consumer Division and the former Group Chief Financial Officer. Nitesh has extensive experience in finance, strategy, investor relations and corporate development. Damian Buttler will remain Interim CFO until 1 July 2025 and then revert to his previous role of Group Financial Controller.
분석 기사 • Feb 13Does Incitec Pivot (ASX:IPL) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
공시 • Feb 11Incitec Pivot Limited, Annual General Meeting, Dec 17, 2025Incitec Pivot Limited, Annual General Meeting, Dec 17, 2025.
공시 • Jan 21+ 1 more updateIncitec Pivot Limited to Report Fiscal Year 2025 Results on Nov 10, 2025Incitec Pivot Limited announced that they will report fiscal year 2025 results on Nov 10, 2025
분석 기사 • Jan 20Incitec Pivot Limited's (ASX:IPL) Prospects Need A Boost To Lift SharesIncitec Pivot Limited's ( ASX:IPL ) price-to-sales (or "P/S") ratio of 1x might make it look like a strong buy right...
새로운 내러티브 • Dec 19Dyno Nobel Asia Pacific's Record Earnings And Advanced Technology To Drive Global Explosives Leadership Incitec Pivot's strategy to lead in global explosives aims to double earnings through advanced technology, affecting revenue and growth.
Upcoming Dividend • Nov 29Upcoming dividend of AU$0.063 per shareEligible shareholders must have bought the stock before 03 December 2024. Payment date: 18 December 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Australian dividend payers (6.0%). Higher than average of industry peers (2.3%).
분석 기사 • Nov 15Incitec Pivot (ASX:IPL) Will Pay A Larger Dividend Than Last Year At A$0.063Incitec Pivot Limited ( ASX:IPL ) will increase its dividend from last year's comparable payment on the 18th of...
공시 • Nov 15Incitec Pivot Limited (ASX:IPL) announces an Equity Buyback for AUD 400 million worth of its shares.Incitec Pivot Limited (ASX:IPL) announces a share repurchase program. Under the plan, the company will repurchase up to AUD 400 million worth of shares. The repurchase program is valid till November 28, 2025. As of November 15, 2024, the company had 1,892,101,721 shares issued.
Declared Dividend • Nov 13Dividend of AU$0.063 announcedShareholders will receive a dividend of AU$0.063. Ex-date: 3rd December 2024 Payment date: 18th December 2024 Dividend yield will be 12%, which is higher than the industry average of 3.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.
공시 • Nov 12Jarden Reportedly Tapped for Incitec Pivot Fertiliser SaleIncitec Pivot Limited (ASX:IPL)'s freshly appointed management has brought in a new investment bank to handle the sale of the distribution arm of its fertiliser business as looks to clear the decks and focus on its future as a mining explosives play. The move to break up the fertiliser unit and sell off the distribution arm was first flagged by DataRoom and announced when the company delivered its annual result on 11 November 2024. It came as the company wiped $941 million off the valuation of the Australian Incitec Pivot fertiliser division. The bank being added to the ticket is Jarden. The move comes as new boss Mauro Neves de Moraes takes over. UBS and Macquarie Capital have previously made efforts to sell the fertiliser business and Macquarie still has a role. This time, though, it appears that the group is motivated to move it off its books and look to a future focused on its more successful commercial explosives operation Dyno Nobel, so it is expected to take a realistic approach to price. Former Incitec Pivot management held out for top dollar when trying to sell its fertiliser unit twice before, and opposed a business break-up. Most buyers were keen to buy the distribution arm and few were interested in taking on the more problematic manufacturing operation. But now, with distribution available separately, the sale process is likely to involve plenty of competitive tension. Australian listed trade buyers like Elders Limited (ASX:ELD) and Ridley Corporation Limited (ASX:RIC) and global strategics like The Mosaic Company (NYSE:MOS), CF Industries Holdings, Inc. (NYSE:CF) and Nutrien Ltd. (TSX:NTR), which has a major Australian presence, will be going head to head with private equity firms like Pacific Equity Partners and BGH Capital, which have been sounded out by investment bankers in recent months. It's clear the market is in favour of the decision, with shares closing higher, despite a thumping $311 million loss and an overall $1 billion writedown to the fertiliser unit. The writedown included $100m for its US operations Most of the rest was linked to the Australian manufacturing operations. The sale process will get going in earnest early next year. The book value is now $414.3 million, compared to more than $1 billion in the past. Private equity in the past has put forward offers of less than $500 million for the fertiliser business, but that was when manufacturing was also part of the picture, although they will be still keen to snap up the operation at an opportunistic price.
공시 • Nov 11Incitec Pivot to Revive Fertiliser Business Sale CampaignThe $6 billion listed industrials group Incitec Pivot Limited (ASX:IPL) is set to announce a revived sale process for its fertiliser business when it reports annual earnings on November 11, 2024 and is prepared to break up the division, valued at $1.1 billion. It confirms earlier reports in DataRoom that a fresh sale process would start in 2025 with private equity funds such as Pacific Equity Partners positioning to buy the business. Incitec Pivot is increasingly keen to distance itself from the fertiliser business and carry on as a pure-play explosives and industrial chemicals manufacturer, and has signalled this to investors. It has tried to sell the business before. There has been some informal interest from strategic players, with suggestions that groups such as Ridley or Nutrien may be keen to buy Incitec Pivot's distribution assets. Strategic buyers include Nutrient, CF Industries Holdings, Inc. (NYSE:CF) and The Mosaic Company (NYSE:MOS). Incitec Pivot held talks with Indonesia's Pupuk Kaltim for a sale of the unit earlier this year for a price thought to be more than $1 billion, but there was no deal. Morningstar says the fertiliser unit accounts for about a third of the stock's fair value - which means it comes in at about $1.2 billion. The sale comes as KPMG has been tapped to sell smaller rival Wengfu Australia. Wengfu distributes fertiliser along the east coast, with assets in Brisbane, Newcastle, Geelong, Portland and Adelaide. Market sources say that it is expected to sell for between $50 million and $80 million. However, if it sold for a similar price to the Incitec Pivot unit it would be closer to $200 million. Its parent company is Guizhou Phosphate and Chemical Group. The understanding is a data room is open. There are three overseas buyers but no domestic interest. The deal is likely to be completed in the first half of 2025.
Reported Earnings • Nov 11Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: AU$0.25 loss per share (down from AU$0.14 profit in FY 2023). Revenue: AU$5.41b (flat on FY 2023). Net loss: AU$477.7m (down 273% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 11% growth forecast for the Chemicals industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.
공시 • Oct 18PEP Reportedly May Look at Incitec Pivot ArmPacific Equity Partners is believed to be positioning itself to weigh a purchase of the fertiliser arm of Australian listed industrials group Incitec Pivot Limited (ASX:IPL) when it returns to the market. The understanding is that Incitec Pivot is believed to be formally re-launching the sale process for its chemicals unit next year, given the volume of deals currently unfolding in the market attracting buyout funds. DataRoom reported that BGH Capital has been reconsidering the business and recently had some informal talks after it put in an opportunistic offer of about $400 million the first time it was up for sale, so it appears that this time around, private equity could be dominating the field. Some market observers suspect that with the latest developments, the group is becoming increasingly keen to distance itself from the business and carry on life as a pure play explosives and industrial chemicals manufacturer. It comes after a couple of previous formal attempts to sell the unit through sales campaigns, and it's likely existing advisers Macquarie Capital and UBS would be running the auction. Incitec Pivot held talks with Indonesia's Pupuk Kaltim for a sale of the unit earlier this year for a price speculated to be over $1bn, but they did not result in a deal. Sydney-based PEP has been active in the Australian market of late, considering plenty of acquisition opportunities including the Healius diagnostic imaging unit, aged care business Opal, Guardian Childcare and Education, I-MED and Waste Services Group. It comes as it weighs options, including a possible sale or equity injection for its $2bn Zenith Energy.
공시 • Oct 14BGH Capital Reportedly Eyes to Acquire Fertiliser Unit of Incitec PivotAs BGH Capital continues to eye up acquisition opportunities, one of the more interesting targets it has turned its attention back to is understood to be the fertiliser unit of Incitec Pivot Limited (ASX:IPL). The Melbourne-based private equity firm looked at the unit when it was placed up for sale by Macquarie Capital and UBS before the global pandemic hit in 2020. However, it was only ever interested in offering up to $400 million, far below the company's price expectations that were closer to $1 billion, say sources. But it is understood that those around the company have been paying a visit to private equity shops in the past few months after calling off a sale to Indonesian buyer Pupuk Kaltim. However, the market chatter is that while BGH is understood to have revisited the opportunity, it's not thought to have been fully convinced it is an opportunity worth pouncing on. DataRoom reported last month that there was activity once again around the $6 billion Incitec Pivot with some expecting the fertilisers business to be broken up and sold off in parts. Nutrien would be the obvious buyer, while Elders may look along with Ridley, but they would likely only want its distribution operations rather than the manufacturing arm, which is now only a small part of the business and is mainly involved in the blending process of fertiliser rather than manufacturing it from scratch. When it was previously on the market, parties put in offers for parts of the fertiliser business, hoping to cherry pick assets such as its up-country blending facilities. Morningstar says the fertiliser unit accounts for about a third of its fair value estimate on the stock or about $1.20 per share, which puts a value on the unit at about $1.2 billion.
공시 • Oct 08Paul Victor to Leave the Incitec Pivot Limited as Chief Financial Officer, Effective 15 February 2025Incitec Pivot Limited announced that Paul Victor, Chief Financial Officer (CFO) has informed the Company of his intention to leave IPL. Paul will continue as CFO until 15 February 2025 to deliver the FY24 results and to support an orderly transition while an executive search for a new CFO is undertaken.
분석 기사 • Oct 07Incitec Pivot Limited's (ASX:IPL) Business And Shares Still Trailing The IndustryYou may think that with a price-to-sales (or "P/S") ratio of 1.1x Incitec Pivot Limited ( ASX:IPL ) is definitely a...
분석 기사 • Aug 28Is Incitec Pivot (ASX:IPL) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
공시 • Jul 18Incitec Pivot Limited Announces the Appointment of Fiona Hick as an Independent Non-Executive Director, Effective 1 September 2024Incitec Pivot Limited announced the appointment of Ms. Fiona Hick as an independent non-executive director to the IPL Board, with effect from 1 September 2024. Fiona Hick will stand for election at IPL’s 2024 Annual General Meeting, scheduled to be held on 19 December 2024. Fiona Hick Fiona Hick has held executive and leadership roles in the energy and mining industries over a 29-year career with Fortescue Metals Group Limited, Woodside Energy Group Limited and Rio Tinto Limited. Most recently Fiona was the Chief Executive Officer of Fortescue Metals Group. Prior to this, Fiona held several executive and operational leadership roles with Woodside Energy, where she spent over 20 years. She was promoted to Executive Vice President of Operations from late 2019 – 2022, following her roles as Vice President Strategy, Planning and Analysis in 2019 and Vice President Health, Safety, Environment and Quality from 2016 – 2018. She held strategy, governance and engineering related roles from 2001 – 2016. Prior to Woodside Energy, Fiona spent 5 years in corporate and operational roles at Rio Tinto. Fiona is a non-executive director of Evolution Mining Limited, appointed in July 2024. Fiona has been the President and Chair of the Advisory Board for the Chamber of Minerals and Energy, Western Australia. She was a non-executive director of CO2CRC Limited and a Strategic Resources Committee member of the University of Western Australia. Fiona holds a Bachelor of Metallurgical and Materials Engineering (Hons) from the University of Western Australia and a Bachelor of Applied Science in Energy and Carbon Studies from Murdoch University. She is a graduate of the Australian Institute of Company Directors, a fellow of the Institute of Engineers Australia, and a member of Chief Executive Women. She has won several industry awards, including the Chamber of Minerals and Energy, Western Australia’s Outstanding Woman in Resources award in 2019, and the Institute of Chemical Engineers Global Process Safety Award to the Woodside Energy team under Fiona’s leadership in 2018.
공시 • Jul 11Incitec Pivot Ltd Ceases Negotiations for Sale of Fertilisers BusinessIncitec Pivot Limited (ASX:IPL) ceased negotiations for sale of fertilisers business. The company ceased negotiations with PT Pupuk Kalimantan Timur for sale of its fertilisers business.
분석 기사 • Jun 14Incitec Pivot Limited's (ASX:IPL) Business And Shares Still Trailing The IndustryWith a price-to-sales (or "P/S") ratio of 1.1x Incitec Pivot Limited ( ASX:IPL ) may be sending very bullish signals at...
Upcoming Dividend • Jun 06Upcoming dividend of AU$0.043 per shareEligible shareholders must have bought the stock before 13 June 2024. Payment date: 04 July 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 5.1%. Lower than top quartile of Australian dividend payers (6.4%). Higher than average of industry peers (2.3%).
분석 기사 • May 24Incitec Pivot's (ASX:IPL) Dividend Will Be Reduced To A$0.043Incitec Pivot Limited's ( ASX:IPL ) dividend is being reduced from last year's payment covering the same period to...
Declared Dividend • May 18Dividend of AU$0.043 announcedShareholders will receive a dividend of AU$0.043. Ex-date: 13th June 2024 Payment date: 4th July 2024 Dividend yield will be 12%, which is higher than the industry average of 3.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (336% cash payout ratio). The dividend has increased by an average of 5.0% per year over the past 10 years. However, payments have been volatile during that time.
Reported Earnings • May 16First half 2024 earnings released: AU$0.15 loss per share (vs AU$0.066 profit in 1H 2023)First half 2024 results: AU$0.15 loss per share (down from AU$0.066 profit in 1H 2023). Revenue: AU$2.47b (down 6.1% from 1H 2023). Net loss: AU$289.4m (down 325% from profit in 1H 2023). Revenue is forecast to stay flat during the next 3 years compared to a 9.6% growth forecast for the Chemicals industry in Australia. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Feb 08Incitec Pivot Limited Announces Resignation of Xiaoling Liu as Non-Executive Director, Effective 31 May 2024Incitec Pivot Limited (IPL) announced that Dr Xiaoling Liu has signalled her intention to resign as a non-executive director of IPL, effective 31 May 2024. Xiaoling has been a director of IPL since 25 November 2019 and has served on the Audit and Risk Management Committee and the Health, Safety, Environment and Community Committee since her appointment.
분석 기사 • Feb 06An Intrinsic Calculation For Incitec Pivot Limited (ASX:IPL) Suggests It's 41% UndervaluedKey Insights The projected fair value for Incitec Pivot is AU$4.55 based on 2 Stage Free Cash Flow to Equity Incitec...
공시 • Jan 25Incitec Pivot Limited Announces Special Dividend, Payable on February 8, 2024Incitec Pivot Limited announced special dividend of AUD 0.10170000 per share. Record date is February 1, 2024. Ex-date is January 31, 2024.Payable on February 8, 2024.
공시 • Jan 24+ 1 more updateIncitec Pivot Limited, Annual General Meeting, Dec 19, 2024Incitec Pivot Limited, Annual General Meeting, Dec 19, 2024.
분석 기사 • Jan 16Incitec Pivot Limited's (ASX:IPL) Earnings Haven't Escaped The Attention Of InvestorsThere wouldn't be many who think Incitec Pivot Limited's ( ASX:IPL ) price-to-earnings (or "P/E") ratio of 19.3x is...
공시 • Dec 12+ 1 more updateIncitec Pivot Limited Appoints Mauro Neves de Moraes as Managing Director, Effective 22 January, 2024Incitec Pivot Limited announced that Mr. Mauro Neves de Moraes has been appointed as Managing Director of IPL, following a comprehensive search process. Mauro will assume the Managing Director role effective 22 January 2024. Mauro Neves is a global executive with 30 years' industry experience across the resources and logistics sectors. A mechanical engineer with dual Brazilian Australian citizenship, Mauro has an impressive track record driving operational and strategic business performance for some of the world's biggest mining companies. Mauro joined BHP in 2017 as Asset President for the company's Escondida operations in Chile, accountable for this joint venture between BHP, Rio Tinto and JECO (Japanese consortium led by Mitsubishi). In 2021 Mauro was appointed Asset President for BHP Mitsubishi Alliance (BMA) in Queensland, Australia's producer and supplier of seaborne metallurgical coal (which is a joint venture between BHP and Mitsubishi Development). From 2014 to 2017, Mauro served as Executive Vice President - Commercial and Marketing at Aurizon Holdings Limited. As a member of their executive committee, he was accountable for managing a portfolio of A$4bn annual sales. Aurizon is one of the rail freight operators in Australia. Prior to this, Mauro held various roles at Vale S.A. (between 2004 - 2014), a Brazilian multinational miner and logistics operator. During his ten years with Vale, Mauro held the role of Global Coal Director where he led the Vale coal business with operations in Australia, Colombia, Mozambique and China. Mauro holds a Bachelor of Mechanical Engineering from Universidade Federal do Rio de Janeiro (1994) and a Master of Science, Business Logistics and Administration from Pontificia Universidade (1997).
공시 • Dec 02CF Industries Holdings, Inc. (NYSE:CF) completed the acquisition of Ammonia Production Facility and Business in Waggaman, Louisiana of from Incitec Pivot Limited (ASX:IPL).CF Industries Holdings, Inc. (NYSE:CF) entered into an agreement to acquire Ammonia Production Facility and Business in Waggaman, Louisiana of from Incitec Pivot Limited (ASX:IPL) for $1.7 billion on March 20, 2023. Under the terms of the agreement, CF Industries will purchase IPL’s ammonia production complex located in Waggaman, Louisiana and the ammonia manufacturing business for a purchase price of $1.675 billion, subject to adjustment. The parties will allocate approximately $425 million of the purchase price to a long-term ammonia offtake agreement providing for an affiliate of CF Industries to supply up to 200,000 tons of ammonia per year to an affiliate of IPL. CF Industries expects to fund the remaining $1.25 billion of the purchase price with cash on hand. CF Industries has agreed to pay IPL a termination fee of $75 million if the Agreement is terminated in certain circumstances and certain regulatory approvals are not obtained. As of November 15, 2023, CF Industries announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. The consummation of the transaction is subject to the satisfaction or waiver of customary conditions, including, among others, the expiration or early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and receipt of certain regulatory approvals. The transaction has been unanimously approved by the boards of directors of both companies. As of November 1, 2023, the transaction is expected to close on December 1, 2023. Goldman Sachs & Co. LLC is serving as the financial advisor to CF Industries on the transaction. Richard C. Witzel,Jr. of Skadden, Arps, Slate, Meagher & Flom LLP is acting as its legal advisor. Ryan Maierson and Lauren Anderson of Latham?& Watkins LLP are acting as legal advisor to IPL. IPL engaged J.P. Morgan Securities LLC as financial advisor. Ernst & Young Australia acted as financial advisor and due diligence provider to Incitec Pivot Limited (ASX:IPL). CF Industries Holdings, Inc. (NYSE:CF) completed the acquisition of Ammonia Production Facility and Business in Waggaman, Louisiana of from Incitec Pivot Limited (ASX:IPL) on December 1, 2023.
분석 기사 • Dec 01Incitec Pivot's (ASX:IPL) Shareholders Will Receive A Smaller Dividend Than Last YearIncitec Pivot Limited's ( ASX:IPL ) dividend is being reduced from last year's payment covering the same period to...
Upcoming Dividend • Nov 27Upcoming dividend of AU$0.05 per share at 5.3% yieldEligible shareholders must have bought the stock before 04 December 2023. Payment date: 19 December 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.3%. Lower than top quartile of Australian dividend payers (7.1%). Higher than average of industry peers (3.7%).
분석 기사 • Nov 17Incitec Pivot's (ASX:IPL) Dividend Will Be Reduced To A$0.05Incitec Pivot Limited's ( ASX:IPL ) dividend is being reduced from last year's payment covering the same period to...
공시 • Nov 14Incitec Pivot Limited Announces Board ChangesIncitec Pivot Limited announced that Mr. Brian Kruger has stepped down as IPL Chairman and as a non-executive director immediately, due to personal reasons. The Board has appointed current non-executive director Mr. Greg Robinson to succeed Brian, with the change taking effect on 11 November 2023. Brian has been a director of IPL since June 2017 and was appointed Chairman of the Board in July 2019. During his tenure as Chairman, the Company has delivered sustained earnings for shareholders through the challenges of the COVID-19 pandemic and a changing geopolitical landscape. Brian has steered the Company's strategy to separate IPL's two industry leading businesses, and significant achievements for the Company during Brian's tenure include the sale of the Waggaman ammonia manufacturing facility in the US (and securing long term ammonia supply for the Dyno Nobel Americas business), the successful partnership with Perdaman for a 20-year urea offtake arrangement, development of industry leading product technologies, as well as IPL's clear roadmap for decarbonisation. Greg joined the IPL Board in November 2019 and has been the Chairman of the Remuneration Committee, member of the Audit and Risk Management Committee and member of the Nominations Committee. Greg has extensive experience in the resources and finance industries, having held senior executive roles at Newcrest Mining, BHP, Lattice Energy and Merrill Lynch, spanning over 30 years. Greg remains a non-executive director of Royal Automobile Club of Victoria (RACV) Limited and Rex Minerals Limited. IPL also announced that Mr. George Biltz has advised that he will not seek re-election as a non-executive director at the next Annual General meeting and will retire from the IPL Board at the conclusion of IPL's 2023 Annual General Meeting to be held on 20 December 2023.
공시 • Nov 13Incitec Pivot Limited to Report Fiscal Year 2023 Final Results on Nov 20, 2023Incitec Pivot Limited announced that they will report fiscal year 2023 final results on Nov 20, 2023
Reported Earnings • Nov 13Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: AU$0.14 (down from AU$0.52 in FY 2022). Revenue: AU$5.53b (down 14% from FY 2022). Net income: AU$276.3m (down 73% from FY 2022). Profit margin: 5.0% (down from 16% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 47%. Revenue is forecast to stay flat during the next 3 years compared to a 8.4% growth forecast for the Chemicals industry in Australia. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
분석 기사 • Nov 10Here's Why We Think Incitec Pivot (ASX:IPL) Is Well Worth WatchingThe excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
분석 기사 • Sep 01A Look At The Intrinsic Value Of Incitec Pivot Limited (ASX:IPL)Key Insights Incitec Pivot's estimated fair value is AU$3.33 based on 2 Stage Free Cash Flow to Equity With AU$3.01...
공시 • Jul 14Incitec Pivot Updates on Structural Separation of Fertilisers BusinessIncitec Pivot Limited (ASX:IPL) provided an update on the proposed structural separation of Incitec Pivot Fertilisers Pty Ltd. and Dyno Nobel Pty Limited with the intention to create two industry leading businesses. IPL notes there has been speculation that it may be considering a potential sale of its fertilisers business. IPL confirms that it has received a number of approaches for the potential acquisition of its fertilisers business. The Board's assessment of a potential sale is being considered alongside the proposed demerger, which remains a strategic priority for the Board. The Board will continually assess all options to ensure shareholder value is maximised. Discussions are incomplete, and there is no certainty that any agreement will be reached or that any sale transaction will occur.
분석 기사 • Jun 27Incitec Pivot (ASX:IPL) Seems To Use Debt Quite SensiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Upcoming Dividend • Jun 08Upcoming dividend of AU$0.10 per share at 9.5% yieldEligible shareholders must have bought the stock before 15 June 2023. Payment date: 04 July 2023. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 9.5%. Within top quartile of Australian dividend payers (7.6%). Higher than average of industry peers (5.1%).
공시 • Jun 06+ 1 more updateIncitec Pivot Limited Announces Chief Executive Officer ChangesIncitec Pivot Limited announced that Jeanne Johns will be stepping down from her role as Managing Director and CEO. Paul Victor, IPL's Chief Financial Officer, has been appointed as interim CEO while the Board undertakes a comprehensive search process for a permanent CEO. Jeanne will continue to work with the Board and Paul Victor until 30 June 2023 to facilitate a smooth transition of her responsibilities.
Major Estimate Revision • May 23Consensus EPS estimates fall by 15%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from AU$0.379 to AU$0.322 per share. Revenue forecast steady at AU$6.12b. Net income forecast to shrink 33% next year vs 4.8% growth forecast for Chemicals industry in Australia . Consensus price target down from AU$3.87 to AU$3.47. Share price fell 5.0% to AU$3.03 over the past week.
공시 • May 19Incitec Pivot Limited Announces Dividend for the Six Months Ended March 31, 2023, Payment Date of July 4, 2023Incitec Pivot Limited announced dividend of AUD 0.10000000 for the six months ended March 31, 2023. Record date is June 15, 2023; ex-date is June 15, 2023; and payment date is July 4, 2023.
분석 기사 • May 18Incitec Pivot (ASX:IPL) Is Looking To Continue Growing Its Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Price Target Changed • May 18Price target decreased by 9.8% to AU$3.50Down from AU$3.87, the current price target is an average from 10 analysts. New target price is 16% above last closing price of AU$3.02. Stock is down 21% over the past year. The company is forecast to post earnings per share of AU$0.34 for next year compared to AU$0.52 last year.
Reported Earnings • May 18First half 2023 earnings released: EPS: AU$0.066 (vs AU$0.20 in 1H 2022)First half 2023 results: EPS: AU$0.066 (down from AU$0.20 in 1H 2022). Revenue: AU$2.67b (up 4.0% from 1H 2022). Net income: AU$128.8m (down 67% from 1H 2022). Profit margin: 4.8% (down from 15% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Australia are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
분석 기사 • May 04Incitec Pivot Limited's (ASX:IPL) Intrinsic Value Is Potentially 33% Above Its Share PriceKey Insights Using the 2 Stage Free Cash Flow to Equity, Incitec Pivot fair value estimate is AU$4.17 Current share...
