3NR Stock Overview

Through its subsidiaries, provides diversified contract services to the resources and infrastructure sectors in Australia. More details

3NR fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	5/6
Financial Health	6/6
Dividends	3/6

Rewards

Trading at 18.2% below our estimate of its fair value

Earnings are forecast to grow 10.98% per year

Earnings grew by 22.7% over the past year

Risk Analysis

Dividend of 4.01% is not well covered by free cash flows

My Notes

Capture your thoughts, links and company narrative

NRW Holdings Limited Competitors

thyssenkrupp nucera KGaA

XTRA:NCH2

€1.3b

BAUER

HMSE:B5A0

€179.5m

HOCHTIEF

XTRA:HOT

€9.8b

KSB SE KGaA

XTRA:KSB

€1.1b

Price History & Performance

Summary of share price highs, lows and changes for NRW Holdings
Historical stock prices
Current Share Price	AU$2.28
52 Week High	AU$2.38
52 Week Low	AU$1.59
Beta	1.51
1 Month Change	-4.20%
3 Month Change	3.64%
1 Year Change	25.27%
3 Year Change	111.11%
5 Year Change	18.13%
Change since IPO	58.33%

Recent updates

Shareholder Returns

	3NR	DE Construction	DE Market
7D	0%	1.0%	0.3%
1Y	25.3%	11.4%	6.9%

Return vs Industry: 3NR exceeded the German Construction industry which returned 11.3% over the past year.

Return vs Market: 3NR exceeded the German Market which returned 7.2% over the past year.

Price Volatility

Is 3NR's price volatile compared to industry and market?
3NR volatility
3NR Average Weekly Movement	3.0%
Construction Industry Average Movement	7.3%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.8%
10% least volatile stocks in DE Market	2.4%

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

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

About the Company

Founded	Employees	CEO	Website
1994	7,400	Jules Pemberton	www.nrw.com.au

NRW Holdings Limited, through its subsidiaries, provides diversified contract services to the resources and infrastructure sectors in Australia. The company operates through three segments: Civil; Mining; and Minerals, Energy & Technologies. The Civil segment delivers private and public civil infrastructure, mine development, bulk earthworks, and commercial and residential subdivision projects.

NRW Holdings Limited Fundamentals Summary

How do NRW Holdings's earnings and revenue compare to its market cap?
3NR fundamental statistics
Market cap	€1.06b
Earnings (TTM)	€62.85m
Revenue (TTM)	€1.74b

16.9x

P/E Ratio

0.6x

P/S Ratio

Is 3NR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
3NR income statement (TTM)
Revenue	AU$2.92b
Cost of Revenue	AU$1.52b
Gross Profit	AU$1.40b
Other Expenses	AU$1.29b
Earnings	AU$105.10m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.23
Gross Margin	47.99%
Net Profit Margin	3.60%
Debt/Equity Ratio	7.6%

How did 3NR perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

67%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 14:51
End of Day Share Price	2024/12/30 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 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 Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 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 here.

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 .

Analyst Sources

NRW Holdings Limited is covered by 24 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Moira Daw	APP Securities Pty Ltd.
Roy Harrison	BofA Global Research
Shaurya Visen	BofA Global Research

3NR Stock Overview

Rewards

Risk Analysis

NRW Holdings Limited Competitors

XTRA:NCH2

€1.3b

HMSE:B5A0

€179.5m

XTRA:HOT

€9.8b

XTRA:KSB

€1.1b

Price History & Performance

Recent News & Updates

NRW Holdings Limited, Annual General Meeting, Nov 27, 2024

Upcoming dividend of AU$0.09 per share

Final dividend of AU$0.09 announced

NRW Holdings Limited Announces Ordinary Dividend for the Six Months Period Ended June 30, 2024, Payable on October 9, 2024

Full year 2024 earnings released: EPS: AU$0.23 (vs AU$0.19 in FY 2023)

Now 20% undervalued

Recent updates

NRW Holdings Limited, Annual General Meeting, Nov 27, 2024

Upcoming dividend of AU$0.09 per share

Final dividend of AU$0.09 announced

NRW Holdings Limited Announces Ordinary Dividend for the Six Months Period Ended June 30, 2024, Payable on October 9, 2024

Full year 2024 earnings released: EPS: AU$0.23 (vs AU$0.19 in FY 2023)

Now 20% undervalued

NRW Holdings Limited to Report Fiscal Year 2024 Results on Aug 15, 2024

Upcoming dividend of AU$0.065 per share

First half dividend of AU$0.065 announced

First half 2024 earnings released: EPS: AU$0.092 (vs AU$0.086 in 1H 2023)

NRW Holdings Limited to Report First Half, 2024 Results on Feb 15, 2024

NRW Holdings Limited Announces the Retirement of Peter Johnston as Director

NRW Holdings Limited Announces the Retirement of Peter Johnston as Director

NRW Holdings Limited Provides Earnings Guidance for the Fiscal Year 2024

NRW Holdings Limited, Annual General Meeting, Nov 29, 2023

Upcoming dividend of AU$0.08 per share at 6.5% yield

NRW Holdings Limited Provides Earnings Guidance for the Fiscal Year 2024

NRW Holdings Limited Announces Ordinary Dividend for the Six Months Period Ended June 30, 2023, Payable on October 11, 2023

Full year 2023 earnings released: EPS: AU$0.19 (vs AU$0.22 in FY 2022)

NRW Holdings Limited to Report Fiscal Year 2023 Results on Aug 17, 2023

Upcoming dividend of AU$0.085 per share at 7.0% yield

Insufficient new directors

NRW Holdings Limited Announces Dividend for the Period of Six Months Ended 31 December 2022, Payable on 6 April 2023

NRW Holdings Limited to Report First Half, 2023 Results on Feb 16, 2023

Now 20% undervalued

Clough Reportedly for Sale

Upcoming dividend of AU$0.07 per share

NRW Holdings Limited, Annual General Meeting, Nov 09, 2022

Full year 2022 earnings released: EPS: AU$0.22 (vs AU$0.13 in FY 2021)

NRW Holdings Limited Announces Ordinary Dividend for the Six Months Period Ended June 30, 2022, Payable on October 12, 2022

NRW Holdings Limited Announces Executive Changes

NRW Holdings Limited Provides Update on the Bunbury Outer Ring Road Project

CEO, MD & Executive Director recently sold €4.3m worth of stock

Upcoming dividend of AU$0.055 per share

Investor sentiment improved over the past week

First half 2022 earnings: EPS in line with expectations, revenues disappoint

NRW Holdings Limited Provides Revenue Guidance for the Second Half and Earnings Guidance for the Full Fiscal Year 2022

NRW Holdings Limited to Report First Half, 2022 Results on Feb 17, 2022

Upcoming dividend of AU$0.05 per share

Full year 2021 earnings released: EPS AU$0.13 (vs AU$0.18 in FY 2020)

Investor sentiment improved over the past week

Upcoming Dividend of AU$0.04 Per Share

Investor sentiment deteriorated over the past week

NRW Holdings Limited (ASX:NWH) completed the acquisition of Primero Group Limited (ASX:PGX) from Perennial Value Management Limited, Mitsubishi UFJ Financial Group, Inc. (TSE:8306), Blackrock Group, The Vanguard Group, Inc. and others.

First half 2021 earnings released: EPS AU$0.068 (vs AU$0.088 in 1H 2020)

Revenue misses expectations

New 90-day low: €1.46

NRW Holdings Limited to Report First Half, 2021 Results on Feb 18, 2021

NRW Holdings Limited Receives the Mining Contract for the Roper Bar Iron Ore Project

New 90-day high: €1.87

New 90-day high: €1.82

NRW Holdings Limited (ASX:NWH) entered into a bid implementation agreement to acquire Primero Group Limited (ASX:PGX) for AUD 94.3 million.

Market bids up stock over the past week

NRW Holdings Limited Receives Alliance Contract for the Bunbury Outer Ring Road Project

New 90-day high - €1.34

Full year earnings released - EPS €0.18

NRW Holdings Limited to Report Fiscal Year 2020 Results on Aug 19, 2020

Shareholder Returns

Price Volatility