ORICA FPO [ORI] (ORI.AX)
Basic Materials · ASX · Australia
Fundamentals
Valuation and ratings
ORICA FPO [ORI] trades at AUD23.72, which is 61% above the AUD9.23 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 31 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 45.3 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
ORI.AX dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | AUD0.285 | 1 |
| 2025 | AUD0.570 | 2 |
| 2024 | AUD0.470 | 2 |
| 2023 | AUD0.430 | 2 |
| 2022 | AUD0.350 | 2 |
| 2021 | AUD0.240 | 2 |
| 2020 | AUD0.330 | 2 |
| 2019 | AUD0.550 | 2 |
| 2018 | AUD0.515 | 2 |
| 2017 | AUD0.515 | 2 |
| 2016 | AUD0.495 | 2 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
ORI.AX earnings and analyst estimates
Recommendation mix, 15 analyst ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About ORICA FPO [ORI]
Orica Limited manufactures, distributes, and sells commercial blasting systems, explosives, mining and tunnelling support systems, and various chemical products and services in Australia, Canada, the United States, and internationally. It provides 4D bulk explosives systems, packaged explosives, initiating systems, boosters, and seismic explosive ranges; technical services; and supplementary services. The company also offers automation solutions, including Avatel, a machine equipped with underground development charging system; and secondary breakage and hang up blasting, a tele-remote blasting solution. In addition, it provides specialty mining chemical products, such as cyanide, emulsifiers, and sodium cyanide, as well as PRO services; end-to-end benchmarks and insights at various stages of the blasting process; and nitrogen fertilizers, which includes urea ammonium nitrate and ammonia. Further, the company offers resources to explore the use of chemical energy in blasting, blasting fundamentals, and properties of explosives and blast design principles; training courses; initiating systems; and geotechnical deformation and convergence monitoring solutions. Additionally, it provides digital solutions, including BlastIQ, OREPro 3D, CHAMP NAVIGATOR, CHAMPORI, CHAMP MAGSHOT, CHAMP OSA, FRAGTrack, GroundProbe, 3vGeomatics, MEASURAND, NAVSTAR, rst, SYSCOM Instruments, NEXT GEN SHOTPlus, RHINO, DRILLMax, WIREBmr, ENVIRO Track, Integrated Extraction Simulator, Advanced Vibration Management, Axis mining technology, SHOTPlus, OREPro 3D Predict, and Design for Outcome. The company serves surface coal, surface metal, iron ore, quarrying, underground mining and construction, construction, civil infrastructure, oil and gas, and agriculture markets. The company was formerly known as ICI Australia Limited and changed its name to Orica Limited in February 1998. Orica Limited was founded in 1874 and is headquartered in East Melbourne, Australia.
ORI.AX passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is ORICA FPO [ORI] (ORI.AX) undervalued?
Against our discounted cash flow estimate of AUD9.23, ORI.AX at AUD23.72 is 61% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is ORI.AX's P/E ratio?
ORI.AX trades at 45.3 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does ORICA FPO [ORI] (ORI.AX) pay a dividend?
Yes. ORICA FPO [ORI] yields 2.64% at the current share price. It has paid AUD0.605 per share over the trailing twelve months. It has paid a dividend in each of the last 38 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.