Aankondiging • Jun 06
Orica Limited Announces Appointment of Mark G. Johnson as Independent Non-Executive Director, Effective July 1, 2026 Orica Limited announced the appointment of Mr. Mark G. Johnson as an Independent Non-executive Director of the Company, effective July 1, 2026. Mr. Johnson is a highly experienced company director and executive with extensive expertise in finance, audit, risk management, strategy development and execution, and human resource management. He has experience across various sectors, including engineering and construction, resources, industrial products, property, technology, retail and consumer goods as well as financial and professional services. Mr. Johnson is a Non-Executive Director of SGH Limited, Goodman Group, Aurecon Limited, Metcash Limited and Sydney Airport Limited. He is a Councillor at UNSW Sydney and the former Chairman of the Hospitals Contribution Fund of Australia. Mr. Johnson is a trained accountant and spent 30 years at PricewaterhouseCoopers (PwC) where he was CEO from 2008 to 2012 as well as holding positions as Asian Deputy-Chairman and as a member of PwC’s global strategy council. He was Chairman and a director of G8 Education Limited and was formerly an independent director of Coca Cola Amatil Limited, Westfield Corporation Limited and Boral Limited. Mr. Johnson holds a Bachelor of Commerce (UNSW) degree and is a Fellow of Chartered Accountants Australia and New Zealand, Certified Practicing Accountant Australia and Fellow of the Australian Institute of Company Directors. Declared Dividend • May 20
First half dividend increased to AU$0.28 Dividend of AU$0.28 is 14% higher than last year. Ex-date: 21st May 2026 Payment date: 3rd July 2026 Dividend yield will be 2.7%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is not covered by earnings (114% earnings payout ratio). However, it is covered by cash flows (57% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 27% to bring the payout ratio under control. EPS is expected to grow by 92% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Chairman of the Board Vik Bansal was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • May 09
First half dividend increased to AU$0.28 Dividend of AU$0.28 is 14% higher than last year. Ex-date: 21st May 2026 Payment date: 3rd July 2026 Dividend yield will be 2.8%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is not covered by earnings (114% earnings payout ratio). However, it is covered by cash flows (57% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 27% to bring the payout ratio under control. EPS is expected to grow by 80% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • May 08
First half 2026 earnings released: AU$0.001 loss per share (vs AU$0.18 loss in 1H 2025) First half 2026 results: AU$0.001 loss per share (improved from AU$0.18 loss in 1H 2025). Revenue: AU$3.90b (down 1.7% from 1H 2025). Net loss: AU$600.0k (loss narrowed 99% from 1H 2025). Profit margin: 0% (up from net loss in 1H 2025). The move to profitability was driven by lower expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Chemicals industry in Australia. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Chairman of the Board Vik Bansal was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jul 09
Orica Limited Appoints Vik Bansal as Non-Executive Director and Chair Elect Orica Limited Chair, Malcolm Broomhead, announced the appointment of Vik Bansal to the Orica Limited Board as a Non-Executive Director, effective August 15, 2025. The Board has elected Mr. Bansal as Chair Elect, to assume the role at the completion of the 2025 Annual General Meeting. Vik Bansal is an experienced executive and non-executive director with over 30 years of experience managing complex industrial organisations. He is currently a non-executive director of Brambles Ltd. and Chair of LGI Limited, a clean energy company. Vik has held significant leadership roles in various industries where he led strategic growth and performance improvements, including CEO positions at Boral, InfraBuild, and Cleanaway, and global leadership roles at NYSE-listed Valmont Industries. Throughout his career, Vik has been recognised for his ability to drive shareholder returns through strategic and operational improvements. He has served on the boards of several organisations, including the National Waste & Recycling Industry Council and the Waste Management and Resource Recovery Association of Australia and not-for-profit Disability Services Australia. Vik is a Fellow of the Institute of Engineers Australia and the Australian Institute of Company Directors. Vik holds an Electrical Engineering degree with First Class Honors from NIT - Kurukshetra, an MBA from Deakin University, an Advanced Management Program from INSEAD, and a Master of Laws in Enterprise Governance. Aankondiging • Mar 12
Orica Limited (ASX:ORI) announces an Equity Buyback for AUD 400 million worth of its shares. Orica Limited (ASX:ORI) announces a share repurchase program. Under the program, the company will repurchase up to AUD 400 million worth of its shares. The program will be valid till March 27, 2026. As of March 12, 2025, the company had 487,360,505 issued shares. Aankondiging • Jan 31
Orica Limited Announces Executive Changes Orica Limited announced that Erin O'Connor and Kirsten Anderson Llewellyn have each resigned as Company Secretary effective 31 January 2025. Krista Stewart has been appointed as Group General Counsel and Company Secretary, effective 31 January 2025, and will be the person responsible for communication with the ASX under Listing Rule 12.6. Declared Dividend • Nov 16
Final dividend increased to AU$0.28 Dividend of AU$0.28 is 12% higher than last year. Ex-date: 22nd November 2024 Payment date: 23rd December 2024 Dividend yield will be 2.6%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is covered by both earnings (42% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 15
Full year 2024 earnings released: EPS: AU$1.11 (vs AU$0.65 in FY 2023) Full year 2024 results: EPS: AU$1.11 (up from AU$0.65 in FY 2023). Revenue: AU$7.66b (down 3.6% from FY 2023). Net income: AU$524.6m (up 77% from FY 2023). Profit margin: 6.8% (up from 3.7% in FY 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Chemicals industry in Australia. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Nov 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.2% to AU$17.46. The fair value is estimated to be AU$21.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 7.1% per annum over the same time period. Declared Dividend • May 11
First half dividend increased to AU$0.19 Dividend of AU$0.19 is 5.6% higher than last year. Ex-date: 23rd May 2024 Payment date: 3rd July 2024 Dividend yield will be 2.4%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 10
First half 2024 earnings released: EPS: AU$0.73 (vs AU$0.27 in 1H 2023) First half 2024 results: EPS: AU$0.73 (up from AU$0.27 in 1H 2023). Revenue: AU$3.66b (down 8.5% from 1H 2023). Net income: AU$337.5m (up 175% from 1H 2023). Profit margin: 9.2% (up from 3.1% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Chemicals industry in Australia. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 29
Orica Limited Announces Retirement of Gene Tilbrook from the Board of Directors As announced by Orica Chairman Malcolm Broomhead at the 2023 Annual General Meeting Mr. Gene Tilbrook has retired from the Board of Directors of Orica Limited, effective 29 February, 2024. New Risk • Feb 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (6.1% increase in shares outstanding). Aankondiging • Feb 23
Orica Limited has completed a Follow-on Equity Offering in the amount of AUD 400.000012 million. Orica Limited has completed a Follow-on Equity Offering in the amount of AUD 400.000012 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,252,526
Price\Range: AUD 15.84
Discount Per Security: AUD 0.2376
Transaction Features: Subsequent Direct Listing Reported Earnings • Nov 09
Full year 2023 earnings released: EPS: AU$0.65 (vs AU$0.35 in FY 2022) Full year 2023 results: EPS: AU$0.65 (up from AU$0.35 in FY 2022). Revenue: AU$7.95b (up 12% from FY 2022). Net income: AU$295.7m (up 104% from FY 2022). Profit margin: 3.7% (up from 2.0% in FY 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Chemicals industry in Australia. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Aankondiging • Nov 02
CF Industries Files a Separate Lawsuit in the United States Against Orica Orica announced that it is a joint plaintiff in a lawsuit filed in the United States on 21 October 2023 (US time) against CF Industries regarding contractual disputes under an ammonium nitrate purchase agreement for the supply of ammonium nitrate and related products for use by Orica's business across North America. CF Industries filed a separate lawsuit in the United States regarding contractual disputes of this agreement on 22 October 2023 (US time). Orica is pursuing its claims and defending CF Industries' claims while continuing to fully comply with its contractual obligations. Upcoming Dividend • May 18
Upcoming dividend of AU$0.18 per share at 2.2% yield Eligible shareholders must have bought the stock before 25 May 2023. Payment date: 03 July 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Australian dividend payers (7.3%). Lower than average of industry peers (5.7%). Aankondiging • May 13
Orica Limited Announces Distribution for the Six Months Ended March 31, 2023, Payable on July 3, 2023 Orica Limited announced the Distribution of AUD 0.18000000 per share for the six months ended March 31, 2023, payable on July 3, 2023. Record Date is on May 26, 2023 and Ex date is on May 25, 2023. Reported Earnings • May 11
First half 2023 earnings released First half 2023 results: EPS: AU$0.27. Revenue: AU$4.01b (up 31% from 1H 2022). Net income: AU$122.6m (up AU$122.6m from 1H 2022). Profit margin: 3.1% (up from 0% in 1H 2022). 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, earnings per share has fallen by 22% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Aankondiging • Jan 18
Orica Limited Announces Vanessa Guthrie AO as Independent, Non-Executive, Effective 1 February 2023 Orica Limited announced the appointment of Dr. Vanessa Guthrie AO as independent, Non-Executive Director, to the Orica Board effective 1 February 2023. The appointment of Dr. Guthrie is part of the Orica Board's ongoing renewal process, following the retirement of Ms. Maxine Brenner and Mr. Boon Swan Foo at the conclusion of the 2022 Annual General Meeting and the previously announced appointment of Mr. Mark Garrett, effective 15 January 2023. Dr. Guthrie's broad and strategic experience in the resources sector started over 30 years ago in Australia with RGC Limited (Tasmania). Since then, Dr.Guthrie has held a diverse set of senior leadership roles across operations, environment, community, indigenous affairs and corporate development and sustainability. Previously Managing Director and CEO of ASX-listed Toro Energy Limited and private company Wellard Enterprises, Vice President Sustainable Development of Woodside Energy Limited, Huntly Mine Manager of Alcoa Australia and Chair of Minerals Council of Australia. Dr. Guthrie is Deputy Chair and Lead Independent Director of Adbri Limited, Non-Executive Director of Santos Limited, Tronox Holdings PLC and Lynas Rare Earths Limited, Non-Executive Director of Cricket Australia and Infrastructure Australia, and Pro-Chancellor of Curtin University. Dr. Guthrie's contribution to the mining and resources industry was recognised in 2017 with the award of an Honorary Doctor of Science from Curtin University. In 2021 she was also made an Officer of the Order of Australia. Dr. Guthrie is also a Fellow of the Australian Institute of Company Directors (FAICD), the Australian Academy of Technological Sciences and Engineering (FTSE) and the Australasian Institute of Mining and Metallurgy (FAusIMM). Dr. Guthrie has qualifications in geology, environment, law and business management, including a PhD in Geology. Reported Earnings • Nov 10
Full year 2022 earnings released: EPS: AU$0.35 (vs AU$0.46 loss in FY 2021) Full year 2022 results: EPS: AU$0.35 (up from AU$0.46 loss in FY 2021). Revenue: AU$7.13b (up 36% from FY 2021). Net income: AU$144.7m (up AU$333.1m from FY 2021). Profit margin: 2.0% (up from net loss in FY 2021). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 7.1% 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 72 percentage points per year, which is a significant difference in performance. Upcoming Dividend • May 24
Upcoming dividend of AU$0.13 per share Eligible shareholders must have bought the stock before 31 May 2022. Payment date: 08 July 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Australian dividend payers (6.1%). Lower than average of industry peers (1.9%). Reported Earnings • May 14
First half 2022 earnings released: EPS: AU$0.002 (vs AU$0.18 in 1H 2021) First half 2022 results: EPS: AU$0.002 (down from AU$0.18 in 1H 2021). Revenue: AU$3.05b (up 26% from 1H 2021). Net income: AU$0 (down AU$73.7m from profit in 1H 2021). Profit margin: 0% (down from 3.0% in 1H 2021). Over the next year, revenue is forecast to grow 8.4%, compared to a 18% growth forecast for the industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Aankondiging • May 13
Orica Limited Announces Distribution for the Period of Six Months Ended 31 March 2022, Payable on July 08, 2022 Orica Limited announced the distribution of AUD 0.13000000 per share for the period of six months ended 31 March 2022. The dividend will paid on July 08, 2022 with record date of June 01, 2022 and ex-date is May 31, 2022. Aankondiging • Mar 28
Orica Limited Appoints Gordon Naylor as Independent, Non-Executive Director, Effective 1 April 2022 Orica Chairman Malcolm Broomhead announced the appointment of Mr. Gordon Naylor as independent, non-executive Director, effective 1 April 2022. Mr. Broomhead said that with Mr. Naylor's many years of global leadership experience at CSL, he will be a strong addition to the Board and complement the future strategy of the company. Mr. Naylor will offer himself for election as a Director at the next Annual General Meeting in December 2022. Starting his career as an engineer in the car manufacturing industry, Mr. Naylor then joined CSL, Australia's leading global biotech company. Over more than 30 years, Mr. Naylor held a range of business and functional leadership roles in international environments within CSL including as Chief Financial Officer for five years. At the time of his retirement from CSL, he was President of Seqirus where he had led the three-year turnaround of that business into the global influenza vaccines leader. Buying Opportunity • Mar 23
Now 20% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be AU$19.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.8% per annum over the last 3 years. The company became loss making over the last year. Recent Insider Transactions • Nov 17
Independent Non-Executive Director recently bought AU$250k worth of stock On the 15th of November, Boon Foo bought around 16k shares on-market at roughly AU$15.61 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$598k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 13
Full year 2021 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: AU$5.25b (down 6.7% from FY 2020). Net loss: AU$188.4m (down 212% from profit in FY 2020). Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improved over the past week After last week's 17% share price gain to AU$14.01, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 32x in the Chemicals industry in Australia. Total loss to shareholders of 13% over the past three years. Recent Insider Transactions • Oct 02
Independent Non-Executive Director recently bought AU$137k worth of stock On the 30th of September, Denise Gibson bought around 10k shares on-market at roughly AU$13.68 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$348k more in shares than they have sold in the last 12 months. Upcoming Dividend • May 24
Upcoming dividend of AU$0.075 per share Eligible shareholders must have bought the stock before 31 May 2021. Payment date: 09 July 2021. Trailing yield: 1.8%. Lower than top quartile of Australian dividend payers (5.2%). In line with average of industry peers (1.8%). Reported Earnings • May 14
First half 2021 earnings released: EPS AU$0.19 (vs AU$0.43 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: AU$2.64b (down 8.7% from 1H 2020). Net income: AU$76.7m (down 54% from 1H 2020). Profit margin: 2.9% (down from 5.7% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Aankondiging • May 13
Orica Declares Interim Dividend for the Six Ended March 31, 2021, Payable on 9 July 2021 Orica Board has declared an interim dividend on ordinary shares of 7.5 cents per share, unfranked. The dividend represents a payout ratio (17) of 42%. The dividend is payable to shareholders on 9 July 2021 and shareholders registered as at the close of business on 1 June 2021 will be eligible for the interim dividend. Executive Departure • Apr 09
MD, CEO & Executive Director Alberto Zuleta has left the company On the 1st of April, Alberto Zuleta, was replaced as CEO by Sanjeev Gandhi. As of December 2020, Alberto personally held 268.40k shares (AU$4.1m worth at the time). A total of 2 executives have left over the last 12 months. Is New 90 Day High Low • Feb 27
New 90-day low: AU$12.56 The company is down 25% from its price of AU$16.84 on 27 November 2020. The Australian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$23.24 per share. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to AU$12.56, the stock is trading at a trailing P/E ratio of 29.5x, down from the previous P/E ratio of 35.2x. This compares to an average P/E of 30x in the Chemicals industry in Australia. Total return to shareholders over the past three years is a loss of 24%. Aankondiging • Jan 16
Orica Limited, Annual General Meeting, Dec 16, 2021 Orica Limited, Annual General Meeting, Dec 16, 2021. Recent Insider Transactions • Jan 14
MD, CEO & Executive Director recently bought AU$130k worth of stock On the 14th of January, Alberto Zuleta bought around 7k shares on-market at roughly AU$18.87 per share. This was the largest purchase by an insider in the last 3 months. Alberto has been a buyer over the last 12 months, purchasing a net total of AU$211k worth in shares. Is New 90 Day High Low • Jan 05
New 90-day low: AU$14.92 The company is down 10.0% from its price of AU$16.65 on 08 October 2020. The Australian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$31.94 per share. Recent Insider Transactions • Dec 01
Non-Executive Director recently bought AU$61k worth of stock On the 24th of November, John Beevers bought around 4k shares on-market at roughly AU$17.00 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$141k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 21
Full year 2020 earnings released: EPS AU$0.42 The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: AU$5.63b (down 4.5% from FY 2019). Net income: AU$168.3m (down 31% from FY 2019). Profit margin: 3.0% (down from 4.2% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Nov 21
Revenue misses expectations Revenue missed analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 3.0%, compared to a 2.7% growth forecast for the Chemicals industry in Australia. Is New 90 Day High Low • Oct 31
New 90-day low: AU$15.24 The company is down 12% from its price of AU$17.29 on 31 July 2020. The Australian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$26.66 per share. Is New 90 Day High Low • Sep 22
New 90-day low: AU$15.74 The company is down 6.0% from its price of AU$16.79 on 24 June 2020. The Australian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$22.09 per share. 
