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Updated 26m ago
DBI logo

Dalrymple Bay Infrastructure LimitedASX:DBI Stock Report

Market Cap AU$2.6b
Updated 26m ago
Share Price
n/a
1Y31.2%
7D1.3%
1D-1.1%
Portfolio Value
​
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Dalrymple Bay Infrastructure Limited

ASX:DBI Stock Report

Market Cap: AU$2.6b

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Dalrymple Bay Infrastructure (DBI) Stock Overview

Owns the lease of and right to operate the Dalrymple Bay terminal, a metallurgical coal export facility in Bowen Basin in Queensland, Australia. More details

DBI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance1/6
Financial Health1/6
Dividends1/6

Rewards

Trading at 78.4% below our estimate of its fair value

Earnings are forecast to grow 23.3% per year

Risk Analysis

Dividend of 5.06% is not well covered by earnings or free cash flows

Interest payments are not well covered by earnings

Large one-off items impacting financial results

Profit margins (5.2%) are lower than last year (13.2%)


DBI Community Fair Values

Create Narrative

See what 23 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
3.8% undervalued intrinsic discount
AnalystConsensusTarget
•2mo ago

Contracted Capacity And Asian Coal Demand Will Ensure Future Resilience

392
0
14

Top Analyst Narratives

DBI logo
Dalrymple Bay Infrastructure
3.8% undervalued intrinsic discount

Contracted Capacity And Asian Coal Demand Will Ensure Future Resilience

View narrative
AN
AnalystConsensusTarget
AnalystConsensusTarget
Updated 22 Jun
Read Narrative
View all narratives

Dalrymple Bay Infrastructure Limited Competitors

Atlas Arteria

Symbol: ASX:ALX
Market cap: AU$6.7b

Virgin Australia Holdings

Symbol: ASX:VGN
Market cap: AU$2.2b

Aurizon Holdings

Symbol: ASX:AZJ
Market cap: AU$6.3b

Kelsian Group

Symbol: ASX:KLS
Market cap: AU$1.1b

Price History & Performance

Summary of share price highs, lows and changes for Dalrymple Bay Infrastructure
Historical stock prices
Current Share PriceAU$5.34
52 Week HighAU$6.01
52 Week LowAU$4.05
Beta0.28
1 Month Change-0.74%
3 Month Change-9.64%
1 Year Change31.20%
3 Year Change94.18%
5 Year Change132.17%
Change since IPO147.22%

Recent News & Updates

User avatar
Narrative Update • Jun 22

DBI: Steady Assumptions Will Support Stable Outlook And Fair Pricing

Analysts have kept their price target for Dalrymple Bay Infrastructure broadly steady at A$5.55, with only minor tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions underpinning this updated view. What's in the News No recent news items for Dalrymple Bay Infrastructure were identified from the provided sources.
User avatar
Narrative Update • Jun 05

DBI: Stable Income Outlook And Slightly Revised Assumptions Support Fair Pricing

Analysts have nudged their A$ fair value estimate for Dalrymple Bay Infrastructure slightly lower from A$5.56 to about A$5.55, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E multiples. What's in the News No recent news stories are currently available for Dalrymple Bay Infrastructure based on the provided sources.

Recent updates

User avatar
Narrative Update • Jun 22

DBI: Steady Assumptions Will Support Stable Outlook And Fair Pricing

Analysts have kept their price target for Dalrymple Bay Infrastructure broadly steady at A$5.55, with only minor tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions underpinning this updated view. What's in the News No recent news items for Dalrymple Bay Infrastructure were identified from the provided sources.
User avatar
Narrative Update • Jun 05

DBI: Stable Income Outlook And Slightly Revised Assumptions Support Fair Pricing

Analysts have nudged their A$ fair value estimate for Dalrymple Bay Infrastructure slightly lower from A$5.56 to about A$5.55, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E multiples. What's in the News No recent news stories are currently available for Dalrymple Bay Infrastructure based on the provided sources.
User avatar
Narrative Update • May 13

DBI: Higher Distribution Guidance Will Support Income While Pricing Remains Fair

Analysts have inched their price target for Dalrymple Bay Infrastructure slightly lower to A$5.56 from A$5.56, reflecting modest adjustments to assumptions around fair value, discount rate and future P/E while leaving revenue growth and profit margin expectations broadly unchanged. What's in the News Revised distribution guidance for the year from 1 July 2025 to 30 June 2026 to 26.375 cents per security, reflecting a 7.7% uplift from prior guidance of 24.5 cents per security (Key Developments).
User avatar
Narrative Update • Apr 27

DBI: Updated Distribution Outlook Will Support Income While Pricing Appears Fair

Analysts have increased their price target for Dalrymple Bay Infrastructure slightly to A$5.56 from A$5.50, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News Dalrymple Bay Infrastructure updated its distribution guidance for the year from 1 July 2025 to 30 June 2026 to 26.375 cents per security, which the company describes as a 7.7% uplift from its prior guidance of 24.5 cents per security (Key Developments).
User avatar
Narrative Update • Apr 12

DBI: Higher Distribution Guidance Will Support Stable Income With Fair Pricing Maintained

Analysts have made a very small upward adjustment to their fair value estimate for Dalrymple Bay Infrastructure to about A$5.50, reflecting updated assumptions around revenue growth, profit margins and the future P/E multiple. What's in the News Announced a new distribution of A$0.0675 per security for fully paid ordinary or notes stapled securities, with an ex date of 27 February 2026, record date of 2 March 2026, and payment date of 19 March 2026 (company announcement).
User avatar
Narrative Update • Mar 29

DBI: Higher Distribution Guidance Will Support A Steady Yet Fairly Priced Income Outlook

Analysts have trimmed their price target for Dalrymple Bay Infrastructure by A$0.01 to A$5.50, reflecting small tweaks to revenue growth, profit margin and future P/E assumptions, while the discount rate remains unchanged. What's in the News Revised distribution guidance for the year from 1 July 2025 to 30 June 2026 set at 26.375 cents per security, which is a 7.7% uplift from prior guidance of 24.5 cents per security (Key Developments).
User avatar
Narrative Update • Mar 15

DBI: Higher Distribution Guidance Will Support A More Attractive Future Income Profile

Analysts have nudged their price target for Dalrymple Bay Infrastructure slightly higher to A$5.51 from A$5.47, reflecting updated assumptions that combine a higher revenue growth outlook with a modestly lower profit margin and a small uplift in future P/E expectations. What's in the News Revised distribution guidance for the year from 1 July 2025 to 30 June 2026 to 26.375 cents per security, compared with prior guidance of 24.5 cents per security, described as a 7.7% uplift in the guidance (Key Developments).
User avatar
Narrative Update • Mar 01

DBI: Revised Distributions And Lower Discount Rate Will Support Steady Outlook

Analysts have lifted their price target for Dalrymple Bay Infrastructure from A$5.11 to A$5.47, pointing to updated assumptions that include a lower discount rate, adjusted revenue growth expectations, a higher projected profit margin, and a reduced future P/E multiple. What's in the News Revised distribution guidance for the 2025/2026 tax year is set at 26.375 cents per security, described as a 7.7% uplift from prior guidance of 24.5 cents per security for the same period (Key Developments).
User avatar
Narrative Update • Feb 15

DBI: Quarterly Distribution And Updated Assumptions Will Support Steady Fair Value Outlook

Analysts have nudged their price target for Dalrymple Bay Infrastructure up from A$5.06 to A$5.11, citing updated assumptions around the discount rate, profit margin and future P/E that slightly adjust their view of fair value. What's in the News Dalrymple Bay Infrastructure Limited declared a quarterly distribution of A$0.061250 per fully paid ordinary stapled security for the quarter ended September 30, 2025 (Key Developments).
Analysis Article • Feb 05

Dalrymple Bay Infrastructure (ASX:DBI) Has Some Way To Go To Become A Multi-Bagger

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
User avatar
Narrative Update • Feb 01

DBI: Quarterly Distribution And Refined Assumptions Will Support Measured Fair Value Outlook

Analysts have nudged their price target on Dalrymple Bay Infrastructure slightly higher to A$5.06 from about A$5.04, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E multiples in their valuation work. What's in the News Declared a quarterly distribution of A$0.061250 per fully paid ordinary stapled security for the quarter ended September 30, 2025, with a record date of December 15, 2025 (Key Developments) Ex date for the A$0.061250 quarterly distribution set for December 12, 2025, determining which holders are entitled to receive the payout (Key Developments) Payment of the A$0.061250 quarterly distribution scheduled for December 19, 2025, providing a clear timetable for the cash flow to holders (Key Developments) Valuation Changes Fair Value: Price target fine tuned from A$5.04 to A$5.06, reflecting a very small adjustment in the valuation model.
User avatar
Narrative Update • Jan 17

DBI: Higher Distribution And Updated Assumptions Will Support Fair Value Outlook

Analysts now set their price target for Dalrymple Bay Infrastructure at around A$5.04, compared with the prior A$4.84, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E as the key drivers. What's in the News Declared a quarterly distribution of A$0.06125 per fully paid ordinary note stapled security for the quarter ended September 30, 2025, classified as a dividend increase event (Key Developments).
Analysis Article • Dec 13

Here's Why We Think Dalrymple Bay Infrastructure (ASX:DBI) Is Well Worth Watching

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • Nov 28

Dalrymple Bay Infrastructure's (ASX:DBI) Upcoming Dividend Will Be Larger Than Last Year's

Dalrymple Bay Infrastructure Limited ( ASX:DBI ) will increase its dividend on the 19th of December to A$0.0613, which...
Analysis Article • Nov 25

Unpleasant Surprises Could Be In Store For Dalrymple Bay Infrastructure Limited's (ASX:DBI) Shares

When close to half the companies in Australia have price-to-earnings ratios (or "P/E's") below 20x, you may consider...
Analysis Article • Oct 09

Dalrymple Bay Infrastructure (ASX:DBI) Has A Somewhat Strained Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Sep 17

Investors Met With Slowing Returns on Capital At Dalrymple Bay Infrastructure (ASX:DBI)

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Aug 26

Dalrymple Bay Infrastructure Limited's (ASX:DBI) Share Price Could Signal Some Risk

Dalrymple Bay Infrastructure Limited's ( ASX:DBI ) price-to-earnings (or "P/E") ratio of 26.1x might make it look like...
User avatar
Narrative Update • Aug 26

NECAP And 8X Projects Will Boost Future Revenue Potential

Despite a notable slowdown in consensus revenue growth forecasts for Dalrymple Bay Infrastructure, rising from 4.5% to 2.4% per annum, and a higher future P/E multiple, analysts have raised the fair value price target from A$4.34 to A$4.75. Valuation Changes Summary of Valuation Changes for Dalrymple Bay Infrastructure The Consensus Analyst Price Target has risen from A$4.34 to A$4.75.
Analysis Article • Jun 19

Dalrymple Bay Infrastructure (ASX:DBI) Takes On Some Risk With Its Use Of Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article • May 23

Dalrymple Bay Infrastructure (ASX:DBI) Has Announced That It Will Be Increasing Its Dividend To A$0.0588

Dalrymple Bay Infrastructure Limited ( ASX:DBI ) will increase its dividend on the 12th of June to A$0.0588, which is...
Analysis Article • May 16

Returns On Capital Are Showing Encouraging Signs At Dalrymple Bay Infrastructure (ASX:DBI)

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article • Apr 19

What Dalrymple Bay Infrastructure Limited's (ASX:DBI) P/E Is Not Telling You

When close to half the companies in Australia have price-to-earnings ratios (or "P/E's") below 17x, you may consider...
Analysis Article • Feb 27

Does Dalrymple Bay Infrastructure (ASX:DBI) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Feb 27

Dalrymple Bay Infrastructure Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Investors in Dalrymple Bay Infrastructure Limited ( ASX:DBI ) had a good week, as its shares rose 4.9% to close at...
User avatar
New Narrative • Feb 09

NECAP Projects And Diversification Will Boost Future Capacity

Growth in Terminal Infrastructure Charge from NECAP projects and inflation is expected to drive stable revenue and earnings.
Analysis Article • Jan 07

Dalrymple Bay Infrastructure Limited's (ASX:DBI) Intrinsic Value Is Potentially 24% Below Its Share Price

Key Insights Using the Dividend Discount Model, Dalrymple Bay Infrastructure fair value estimate is AU$2.71 Dalrymple...
Analysis Article • Aug 28

Dalrymple Bay Infrastructure (ASX:DBI) Is Increasing Its Dividend To A$0.0538

The board of Dalrymple Bay Infrastructure Limited ( ASX:DBI ) has announced that it will be paying its dividend of...
Analysis Article • May 30

Some Shareholders Feeling Restless Over Dalrymple Bay Infrastructure Limited's (ASX:DBI) P/E Ratio

It's not a stretch to say that Dalrymple Bay Infrastructure Limited's ( ASX:DBI ) price-to-earnings (or "P/E") ratio of...
Analysis Article • Feb 28

Dalrymple Bay Infrastructure (ASX:DBI) Is Increasing Its Dividend To A$0.0538

Dalrymple Bay Infrastructure Limited ( ASX:DBI ) has announced that it will be increasing its dividend from last year's...
Analysis Article • Aug 31

Dalrymple Bay Infrastructure Limited Just Missed Earnings - But Analysts Have Updated Their Models

Dalrymple Bay Infrastructure Limited ( ASX:DBI ) last week reported its latest half-year results, which makes it a good...
Analysis Article • Oct 12

There Are Reasons To Feel Uneasy About Dalrymple Bay Infrastructure's (ASX:DBI) Returns On Capital

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

Shareholder Returns

DBIAU InfrastructureAU Market
7D1.3%-1.8%-1.5%
1Y31.2%-4.3%0.03%

Return vs Industry: DBI exceeded the Australian Infrastructure industry which returned -4.3% over the past year.

Return vs Market: DBI exceeded the Australian Market which returned 0% over the past year.

Price Volatility

Is DBI's price volatile compared to industry and market?
DBI volatility
DBI Average Weekly Movement3.4%
Infrastructure Industry Average Movement2.9%
Market Average Movement9.8%
10% most volatile stocks in AU Market16.9%
10% least volatile stocks in AU Market4.0%

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

Volatility Over Time: DBI's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2020n/aMichael Richeswww.dbinfrastructure.com.au

Dalrymple Bay Infrastructure Limited owns the lease of and right to operate the Dalrymple Bay terminal, a metallurgical coal export facility in Bowen Basin in Queensland, Australia. It provides terminal infrastructure and services for producers and consumers of Australian coal exports. Dalrymple Bay Infrastructure Limited was incorporated in 2020 and is based in Brisbane, Australia.

Dalrymple Bay Infrastructure Limited Fundamentals Summary

How do Dalrymple Bay Infrastructure's earnings and revenue compare to its market cap?
DBI fundamental statistics
Market capAU$2.65b
Earnings (TTM)AU$35.34m
Revenue (TTM)AU$680.92m
74.9x
P/E Ratio
3.9x
P/S Ratio

Is DBI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DBI income statement (TTM)
RevenueAU$680.92m
Cost of RevenueAU$567.32m
Gross ProfitAU$113.60m
Other ExpensesAU$78.26m
EarningsAU$35.34m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.071
Gross Margin16.68%
Net Profit Margin5.19%
Debt/Equity Ratio210.3%

How did DBI perform over the long term?

See historical performance and comparison

Dividends

5.1%
Current Dividend Yield
371%
Payout Ratio

Does DBI pay a reliable dividends?

See DBI dividend history and benchmarks
When do you need to buy DBI by to receive an upcoming dividend?
Dalrymple Bay Infrastructure dividend dates
Ex Dividend DateAug 28 2026
Dividend Pay DateSep 17 2026
Days until Ex dividend13 days
Days until Dividend pay date7 days

Does DBI pay a reliable dividends?

See DBI dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/09 17:19
End of Day Share Price 2026/09/09 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

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

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

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

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

Analysis Model and Snowflake

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

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

Industry and Sector Metrics

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

Analyst Sources

Dalrymple Bay Infrastructure Limited is covered by 9 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Matthew RyanBarrenjoey Markets Pty Limited
Melinda BaxterBofA Global Research
Samuel SeowCitigroup Inc

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