Orica Ltd

ORI: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$52.50	Vyhh	Btpzhrdr

Orica: Still Expecting Margin Improvement on Technology Adoption in the Midterm

Mark Taylor

Sep 9, 2024

We increase our fair value estimate for no-moat Orica Limited by 3% to AUD 17.50 per share, chiefly due to the time value of money. The world’s largest explosives provider is to report fiscal 2024 earnings to September on Nov. 14. Our fiscal 2024 and fiscal 2025 earnings per share forecasts of AUD 0.87 and AUD 1.08, respectively, stand.

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