Orica Limited

BRSE:ICA Stock Report

Market Cap: CHF 6.1b

Orica Valuation

Is ICA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ICA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: ICA (CHF13.29) is trading below our estimate of future cash flow value (CHF38.23)

Significantly Below Future Cash Flow Value: ICA is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ICA?

Key metric: As ICA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ICA. This is calculated by dividing ICA's market cap by their current earnings.
What is ICA's PE Ratio?
PE Ratio43.5x
EarningsAU$250.70m
Market CapAU$10.90b

Price to Earnings Ratio vs Peers

How does ICA's PE Ratio compare to its peers?

The above table shows the PE ratio for ICA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.1x
EMSN EMS-CHEMIE HOLDING
38.2x4.80%CHF 17.8b
SIKA Sika
24.9x9.35%CHF 26.0b
GIVN Givaudan
29.2x5.76%CHF 31.3b
AMRZ Amrize
24.2x15.06%CHF 22.5b
ICA Orica
43.5x27.58%CHF 10.9b

Price-To-Earnings vs Peers: ICA is expensive based on its Price-To-Earnings Ratio (43.5x) compared to the peer average (29.1x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does ICA's PE Ratio compare vs other companies in the European Chemicals Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
ICA 43.5xIndustry Avg. 19.6xNo. of Companies10PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ICA is expensive based on its Price-To-Earnings Ratio (43.5x) compared to the European Chemicals industry average (19.6x).

Price to Earnings Ratio vs Fair Ratio

What is ICA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ICA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio43.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ICA's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ICA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 13.29
CHF 14.37
+8.18%
6.98%CHF 15.57CHF 11.12n/a15
Jul ’27CHF 13.46
CHF 14.42
+7.19%
6.98%CHF 15.62CHF 11.16n/a15
Jun ’27n/a
CHF 14.48
0%
6.90%CHF 15.72CHF 11.23n/a15
May ’27n/a
CHF 14.32
0%
7.36%CHF 16.05CHF 11.26n/a15
Apr ’27n/a
CHF 14.04
0%
8.39%CHF 16.43CHF 10.96n/a15
Mar ’27n/a
CHF 14.60
0%
8.57%CHF 16.51CHF 11.01n/a14
Feb ’27n/a
CHF 14.30
0%
8.49%CHF 16.22CHF 10.82n/a14
Jan ’27n/a
CHF 13.72
0%
7.42%CHF 14.93CHF 10.51n/a14
Dec ’26n/a
CHF 13.56
0%
7.65%CHF 14.89CHF 10.48n/a14
Nov ’26n/a
CHF 11.89
0%
8.71%CHF 13.31CHF 9.58n/a14
Oct ’26n/a
CHF 11.80
0%
7.82%CHF 13.01CHF 9.68n/a14
Sep ’26n/a
CHF 11.27
0%
6.31%CHF 12.02CHF 9.41n/a14
Aug ’26n/a
CHF 11.27
0%
6.31%CHF 12.02CHF 9.41n/a14
Jul ’26n/a
CHF 11.26
0%
6.31%CHF 12.01CHF 9.40CHF 13.4614
Jun ’26n/a
CHF 11.47
0%
6.55%CHF 12.24CHF 9.58n/a13
May ’26n/a
CHF 10.93
0%
7.17%CHF 11.91CHF 9.27n/a14
Apr ’26n/a
CHF 11.58
0%
6.80%CHF 12.60CHF 9.80n/a14
Mar ’26n/a
CHF 11.80
0%
7.07%CHF 13.16CHF 10.01n/a14
Feb ’26n/a
CHF 11.80
0%
7.07%CHF 13.16CHF 10.01n/a14
Jan ’26n/a
CHF 11.57
0%
7.07%CHF 12.90CHF 9.81n/a14
Dec ’25n/a
CHF 11.84
0%
7.08%CHF 13.22CHF 10.06n/a14
Nov ’25n/a
CHF 11.67
0%
6.24%CHF 12.72CHF 10.12n/a14
Oct ’25n/a
CHF 11.71
0%
6.03%CHF 12.76CHF 10.15n/a14
Sep ’25n/a
CHF 11.23
0%
6.46%CHF 12.23CHF 9.45n/a14
Aug ’25n/a
CHF 12.18
0%
6.40%CHF 13.31CHF 10.28n/a14
Jul ’25n/a
CHF 12.20
0%
6.38%CHF 13.33CHF 10.30n/a14
CHF 14.61
Fair Value
9.0% undervalued intrinsic discount
15
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/15 03:42
End of Day Share Price 2026/07/15 00:00
Earnings2026/03/31
Annual Earnings2025/09/30

Data Sources

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

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

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

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

Analysis Model and Snowflake

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

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

Industry and Sector Metrics

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

Analyst Sources

Orica Limited is covered by 31 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brook Campbell-CrawfordBarrenjoey Markets Pty Limited
Benjamin BrayshawBarrenjoey Markets Pty Limited
Joseph HouseBell Potter