Dalrymple Bay Infrastructure Ltd. (AU:DBI)
ASX:DBI
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Dalrymple Bay Infrastructure Ltd.
(Sydney:DBI)
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Rating:51Neutral
Price Target:
AU$6.00
â–²(16.96% Upside)
Action:Downgraded
Date:02/25/26
The score is held back primarily by weaker recent fundamentals (2025 net income and cash flow deterioration) alongside elevated leverage. Technicals are supportive due to an established uptrend, but overbought momentum readings add near-term risk. Valuation is a key constraint given the very high P/E, partially offset by a moderate dividend yield.
Positive Factors
Contracted terminal revenue model
DBI's core business is a toll-style terminal model under long-term user agreements, creating predictable throughput-based fees and recurring revenue. Ownership of critical export infrastructure gives pricing leverage and stable cash inflows tied to capacity, supporting durable revenue visibility.
Negative Factors
Elevated leverage
Debt around twice equity materially reduces financial flexibility and amplifies sensitivity to earnings and cashflow swings. Elevated leverage increases interest obligations and refinancing risk, constraining ability to fund capex or absorb lower throughput without pressuring credit metrics and dividends.
Read all positive and negative factors
Positive Factors
Negative Factors
Contracted terminal revenue model
DBI's core business is a toll-style terminal model under long-term user agreements, creating predictable throughput-based fees and recurring revenue. Ownership of critical export infrastructure gives pricing leverage and stable cash inflows tied to capacity, supporting durable revenue visibility.
Read all positive factors
Dalrymple Bay Infrastructure Ltd. (DBI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.89B
Dividend Yield4.73%
Average Volume (3M)9.07M
Price to Earnings (P/E)99.6
Beta (1Y)0.30
Revenue Growth10.18%
EPS Growth-64.24%
CountryAU
Employees350
SectorIndustrials
Sector Strength72
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)0.06
Shares Outstanding495,761,660
10 Day Avg. Volume2,092,646
30 Day Avg. Volume9,067,948
Financial Highlights & Ratios
PEG Ratio-1.30
Price to Book (P/B)2.40
Price to Sales (P/S)2.94
P/FCF Ratio39.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$5.69Price Target Upside10.92% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)0.22
Revenue Forecast (FY)AU$838.26M
Dalrymple Bay Infrastructure Ltd. Business Overview & Revenue Model
Company Description
Dalrymple Bay Infrastructure Limited holds the lease and operating rights for the Dalrymple Bay terminal, a crucial facility in Queensland's Bowen Basin dedicated to exporting metallurgical coal. The company delivers essential infrastructure and s...
How the Company Makes Money
DBI makes money primarily by charging users for access to and use of the Dalrymple Bay Terminal’s coal export supply-chain services. Its core revenue stream is terminal service income generated from handling coal volumes through DBT, including fee...
Dalrymple Bay Infrastructure Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
48
Neutral
Cash Flow
50
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 844.60M | 766.54M | 642.12M | 626.36M | 453.95M |
| Gross Profit | 257.10M | 296.10M | 229.04M | 234.79M | 105.61M |
| EBITDA | 296.78M | 279.29M | 273.97M | 266.08M | 296.25M |
| Net Income | 29.26M | 81.80M | 73.93M | 68.97M | 129.08M |
Balance Sheet | |||||
| Total Assets | 3.55B | 3.42B | 3.86B | 3.77B | 3.53B |
| Cash, Cash Equivalents and Short-Term Investments | 110.45M | 89.89M | 451.14M | 192.50M | 42.03M |
| Total Debt | 2.16B | 1.93B | 2.49B | 2.15B | 2.26B |
| Total Liabilities | 2.51B | 2.33B | 2.76B | 2.61B | 2.47B |
| Stockholders Equity | 1.04B | 1.09B | 1.10B | 1.16B | 1.06B |
Cash Flow | |||||
| Free Cash Flow | 63.19M | 166.93M | 132.96M | 142.92M | 75.32M |
| Operating Cash Flow | 63.30M | 167.04M | 172.08M | 189.25M | 123.11M |
| Investing Cash Flow | -164.92M | 297.69M | -419.12M | -13.33M | -44.69M |
| Financing Cash Flow | 122.19M | -445.98M | 125.67M | -46.24M | -161.63M |
Dalrymple Bay Infrastructure Ltd. Technical Analysis
Positive
5.13
Price Trends
5.39
Positive
5.14
Positive
4.75
Positive
Market Momentum
0.13
Negative
60.74
Neutral
60.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DBI, the sentiment is Positive. The current price of 5.13 is below the 20-day moving average (MA) of 5.63, below the 50-day MA of 5.39, and above the 200-day MA of 4.75, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 60.74 is Neutral, neither overbought nor oversold. The STOCH value of 60.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:DBI.
Dalrymple Bay Infrastructure Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$7.10B | 23.91 | 7.42% | 4.29% | 4.70% | -20.38% | |
71 Outperform | AU$163.42M | 7.95 | 14.98% | 4.59% | 3.92% | 28.74% | |
69 Neutral | AU$2.48B | 44.74 | 13.26% | 1.85% | 22.85% | 30.32% | |
68 Neutral | AU$49.93M | 13.06 | 15.85% | 4.55% | 41.51% | 432.79% | |
66 Neutral | AU$1.95B | 24.76 | 8.79% | 1.30% | 34.24% | 1.87% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
51 Neutral | AU$2.89B | 99.64 | 2.80% | 4.73% | 10.18% | -64.24% |
* Industrials Sector Average
AU:DBI
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Dalrymple Bay Infrastructure Ltd. Corporate Events
Dalrymple Bay Infrastructure Adds New Director With No Current Shareholding
Jun 2, 2026
Dalrymple Bay Infrastructure Limited has notified the ASX of the appointment of Rhoda Phillippo Harrington as a director, effective 1 August 2026. The initial director’s interest notice confirms that Harrington currently holds no relevant in...
Dalrymple Bay Infrastructure Appoints New Director Without Shareholding
Jun 2, 2026
Dalrymple Bay Infrastructure Limited has notified the ASX that Parmjit Bains has been appointed as a director effective 5 June 2026. The filing shows Bains currently holds no relevant interests in the company’s securities and has no disclose...
Dalrymple Bay Infrastructure strengthens board and governance with key appointments
Jun 2, 2026
Dalrymple Bay Infrastructure Limited, which owns and operates the Dalrymple Bay Terminal, the world’s largest metallurgical coal export facility serving the Bowen Basin and global steelmakers, focuses on delivering reliable coal export infra...
Dalrymple Bay Infrastructure Touts Coal Export Hub at Macquarie Conference
May 4, 2026
Dalrymple Bay Infrastructure, an Australian infrastructure operator focused on the Dalrymple Bay Terminal, provides export capacity and services for high-quality metallurgical coal from the Bowen Basin to global steelmakers. The company aims to de...
Dalrymple Bay Infrastructure Director Laidlaw Acquires First Stake of 20,000 Stapled Securities
Apr 20, 2026
Dalrymple Bay Infrastructure Limited has disclosed a change in director Thomas John Laidlaw’s indirect interest, following his acquisition of 20,000 fully paid ordinary stapled securities via an on-market purchase valued at $102,600. The hol...
Dalrymple Bay Infrastructure Confirms Full Compliance in March Quarter Debt Report
Apr 16, 2026
Dalrymple Bay Infrastructure Limited has lodged its Issuer Quarterly Report for the three months to 31 March 2026, confirming full compliance with the terms of its unsecured notes, the associated trust deed and relevant provisions of the Corporati...
Dalrymple Bay Infrastructure files 2025 annual and sustainability reports
Mar 30, 2026
Dalrymple Bay Infrastructure has released its 2025 Annual Report and Sustainability Report for the year ended 31 December 2025, fulfilling its reporting obligations to the Australian Securities Exchange. The publications outline the company’...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.