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Dyno Nobel Limited (DNL.AX)

AUD3.75 +0.01 (+0.27%)
AU ASX Basic Materials Chemicals - Specialty
Address 28 Freshwater Place 3006
Southbank, VIC, AU
CEO Mauro Neves de Moraes
IPO 2025-03-23
ISIN AU0000390544

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Also trades on Australian Securities Exchange · DNL.AX (AUD) Other OTC · DNLZY (USD) Other OTC · ICPVF (USD)
Description

Dyno Nobel Limited is a global provider and distributor of commercial explosives, with operations spanning the United States, Australia, and Mexico. The company's offerings include specialized packaged explosives such as Powermite cartridges and Dynosplit, utilized for pre-split blasting, as well as ammonium nitrates. It supplies industrial explosives, associated goods, and services to a broad array of sectors, including metal and mineral mining, quarrying, agriculture, general industry, oil and gas exploration, and the concrete and building materials industries. Dyno Nobel also participates in the export market. The firm, which was previously named Incitec Pivot Limited, rebranded as Dyno Nobel Limited in March 2025. Founded in 1831, its main corporate office is situated in Southbank, Australia.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
AUD3.75 +0.01 (+0.27%)
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Volume Profile
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Liquidity & share structure
Average Volume
5M
Beta
0.41
Float Shares
1.60B
Free Float %
90.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.56% +9.66% +7.32% +7.65% +0.57% +9.66% +34.35% +28.47% +28.47% +28.47% +28.47%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
3.75
DCF (Unlevered) 1.07 -71.5%
DCF (Levered) 1.12 -70.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 36% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 2 0
Hold 6 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
2.90
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Chemicals - Specialty: +4.7%
    -29.7% Q1'26: +1.1% (vs Q1'24)
  • EPS growth Chemicals - Specialty: +13.2%
    +148.5% Q1'26: +113.2% (vs Q1'24)
  • FCF margin FCF growth · Chemicals - Specialty: +44.1%
    -3.0% Q1'26: +1.1% (vs Q1'24)
  • EBIT margin Chemicals - Specialty: +8.8%
    +9.3% Q1'26: +9.5% (vs Q1'24)
  • ROIC Chemicals - Specialty: +5.6%
    +4.7% Q1'26: +8.9% (vs Q1'24)
  • Share dilution Chemicals - Specialty: +0.1%
    -3.1% Q1'26: -7.1% (vs Q1'24)
  • Debt / EBITDA Net debt/EBITDA · Chemicals - Specialty: 0.18×
    3.21× Q1'26: 1.39× (vs Q1'24)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.36) × ERP
WACC = 77% × Ke + 23% × Kd (7.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1.07 Current price: 3.75
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Sep 2024
actual
Sep 2025
actual
Sep 2026
11 Rev. Ana.
7 EPS Ana.
Sep 2027
12 Rev. Ana.
8 EPS Ana.
Sep 2028
12 Rev. Ana.
5 EPS Ana.
Sep 2029
10 Rev. Ana.
1 EPS Ana.
Revenue
5.28B
est: 5.38B (-1.9%)
3.71B
est: 5.51B (-32.7%)
3.53B
3.08B – 4.06B
-35.9% YoY
3.43B
3.11B – 3.85B
-3.0% YoY
3.53B
3.53B – 3.54B
+3.0% YoY
3.50B
3.11B – 3.97B
-1.0% YoY
EBITDA
-190.20M
est: 771.73M (-124.6%)
628.30M
est: 790.31M (-20.5%)
506.69M
441.96M – 581.95M
-35.9% YoY
491.74M
446.09M – 552.41M
-3.0% YoY
506.51M
505.71M – 507.30M
+3.0% YoY
501.32M
445.69M – 569.71M
-1.0% YoY
EBIT
-535.20M
est: 399.66M (-233.9%)
344.20M
est: 409.28M (-15.9%)
262.40M
228.88M – 301.38M
-35.9% YoY
254.66M
231.02M – 286.08M
-3.0% YoY
262.31M
261.90M – 262.72M
+3.0% YoY
259.62M
230.81M – 295.04M
-1.0% YoY
Net Income
-310.90M
est: 344.15M (-190.3%)
145.50M
est: 435.68M (-66.6%)
290.14M
262.42M – 466.20M
-33.4% YoY
361.94M
335.94M – 387.94M
+24.7% YoY
416.72M
378.84M – 454.61M
+15.1% YoY
408.74M
349.78M – 481.25M
-1.9% YoY
SGA
1.34B
est: 1.33B (+0.6%)
1.25B
est: 1.36B (-8.1%)
873.99M
762.34M – 1.00B
-35.9% YoY
848.19M
769.46M – 952.84M
-3.0% YoY
873.67M
872.30M – 875.04M
+3.0% YoY
864.72M
768.77M – 982.69M
-1.0% YoY
EPS
-0.16
est: 0.18 (-187.2%)
0.08
est: 0.23 (-65.7%)
0.18
0.14 – 0.25
-21.5% YoY
0.19
0.18 – 0.21
+8.6% YoY
0.22
0.20 – 0.24
+13.1% YoY
0.22
0.19 – 0.26
-1.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 B+ 3/5 4/5 3/5 4/5 2/5 2/5 3/5
2026-05-11 B+ 3/5 4/5 3/5 4/5 2/5 1/5 4/5
2026-05-08 B 3/5 4/5 3/5 4/5 1/5 1/5 4/5
2026-05-07 B 3/5 4/5 3/5 4/5 1/5 1/5 4/5
2026-05-06 B 3/5 4/5 3/5 4/5 1/5 1/5 4/5
2026-05-05 B 3/5 4/5 3/5 4/5 1/5 1/5 4/5
2026-05-04 B 3/5 4/5 3/5 4/5 1/5 1/5 4/5
2026-05-01 B 3/5 4/5 3/5 4/5 1/5 1/5 4/5
2026-04-30 B 3/5 4/5 3/5 4/5 1/5 1/5 4/5
2026-04-29 B+ 3/5 4/5 3/5 5/5 1/5 1/5 4/5
2026-04-28 B+ 3/5 4/5 3/5 5/5 1/5 1/5 4/5
2026-04-27 B 3/5 4/5 3/5 5/5 1/5 1/5 3/5
2026-04-24 B 3/5 4/5 3/5 5/5 1/5 1/5 3/5
2026-04-23 B 3/5 4/5 3/5 5/5 1/5 1/5 3/5
2026-04-22 B 3/5 4/5 3/5 5/5 1/5 1/5 3/5
2026-04-21 B 3/5 4/5 3/5 5/5 1/5 1/5 3/5
2026-04-20 B 3/5 4/5 3/5 5/5 1/5 1/5 3/5
2026-04-17 B 3/5 4/5 3/5 5/5 1/5 1/5 3/5
2026-04-16 B 3/5 4/5 3/5 5/5 1/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
30.92M
OE per share TTM
0.02
Owner's Yield
0.49%
Maintenance CapEx ratio
368.11%
Maint CapEx / Avg PPE
77.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 104 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 VanEck - S&P/ASX MidCap ETF MVE.AX 1.84% 6.04M 0.45%
2 VanEck - Australian Resources ETF MVR.AX 1.52% 7.45M 0.35%
3 VanEck - Australian Equal Weight ETF MVW.AX 1.28% 28.34M 0.35%
4 Vanguard MSCI Australian Small Companies Index ETF VSO.AX 1.25% 10.01M 0.30%
5 iShares Edge MSCI Australia Minimum Volatility ETF MVOL.AX 1.17% 248.4K 0.30%
6 VanEck Agribusiness ETF MOO 1.00% 9.62M 0.56%
7 VanEck - MSCI Australian Sustainable Equity ETF GRNV.AX 0.92% 1.50M 0.35%
8 BetaShares - Australian Ex-20 Portfolio Diversifier ETF EX20.AX 0.68% 3.13M 0.25%
9 Vanguard Australian Shares High Yield ETF VHY.AX 0.60% 31.68M 0.25%
10 BetaShares - Geared Australian Equities Complex ETF GEAR.AX 0.48% 2.07M 0.78%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
61.5K
Shares Outstanding
1.76B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Mauro Neves de Moraes MD, Chief Executive Officer & Director 3M male
Greg Hayne President of Dyno Nobel Americas 2M male
Nitesh Naidoo BCOMPT Chief Financial Officer 220.0K male
Stephenie De Nichilo Chief HSE & Operations Excellence Officer female
Stuart Sneyd President - Dyno Nobel Asia Pacific male
Sunil Salhotra Chief Development & Sustainability Officer male
Tatiana Rudometova Chief Legal & Corporate Affairs Officer female
Tom Dixon Vice President of Investor Relations
Richard Brown President of EMEA & LATAM male
Rob Mill Chief People Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits