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$5.50
â–²(8.27% Upside)
Action:DowngradedDate: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
Stable revenue growth
Consistent top-line expansion from 2022–2025 indicates enduring demand for terminal services and suggests stable utilisation of core assets. A rising revenue trend supports medium-term cash flow resilience and underpins the business’s ability to fund operations and contracted obligations.
Negative Factors
Elevated leverage
Debt roughly double equity increases interest expense sensitivity and reduces financial flexibility to fund capex or withstand demand shocks. Elevated leverage constrains the company’s ability to pursue strategic investments or absorb further cash-flow weakness without refinancing or equity support.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable revenue growth
Consistent top-line expansion from 2022–2025 indicates enduring demand for terminal services and suggests stable utilisation of core assets. A rising revenue trend supports medium-term cash flow resilience and underpins the business’s ability to fund operations and contracted obligations.
Read all positive factors
Dalrymple Bay Infrastructure Ltd. (DBI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.52B
Dividend Yield4.73%
Average Volume (3M)9.07M
Price to Earnings (P/E)84.9
Beta (1Y)0.36
Revenue Growth13.19%
EPS Growth14.79%
CountryAU
Employees350
SectorIndustrials
Sector Strength72
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)0.07
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$5.40Price Target Upside6.30% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.21
Revenue Forecast (FY)AU$822.18M
Dalrymple Bay Infrastructure Ltd. Business Overview & Revenue Model
Company Description
Dalrymple Bay Infrastructure Limited owns the lease of and right to operate the Dalrymple Bay terminal, a coal export metallurgical coal facility in Bowen Basin in Queensland. The company provides terminal infrastructure and services for producers...
How the Company Makes Money
DBI generates revenue through various streams, primarily by charging fees for the use of its port facilities and services. This includes wharfage fees, storage fees, and loading fees, which are levied on coal producers and exporters who utilize th...
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
5.08
Price Trends
4.92
Positive
4.73
Positive
4.50
Positive
Market Momentum
0.02
Negative
58.34
Neutral
81.76
Negative
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 5.08 is above the 20-day moving average (MA) of 4.91, above the 50-day MA of 4.92, and above the 200-day MA of 4.50, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 58.34 is Neutral, neither overbought nor oversold. The STOCH value of 81.76 is Negative, 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$6.70B | 6.76 | 7.42% | 4.29% | 3.01% | -23.84% | |
71 Outperform | AU$147.31M | 3.47 | 14.98% | 4.59% | 1.33% | -11.07% | |
68 Neutral | AU$39.60M | 4.98 | 20.77% | 4.55% | 66.80% | 625.00% | |
66 Neutral | AU$1.62B | 12.97 | 9.26% | 1.30% | 15.14% | -7.23% | |
66 Neutral | AU$1.55B | 17.28 | 13.62% | 1.85% | 23.76% | 21.18% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
51 Neutral | AU$2.52B | 84.90 | 8.17% | 4.73% | 13.19% | 14.79% |
* Industrials Sector Average
AU:DBI
Dalrymple Bay Infrastructure Ltd.
5.08
1.43
39.29%
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Aurizon Holdings
3.98
1.03
35.10%
AU:SRG
SRG Global Limited
2.47
1.32
114.97%
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CTI Logistics Limited
1.83
0.31
20.30%
AU:WWG
Wiseway Group Ltd.
0.23
0.08
53.33%
AU:MGH
MAAS Group Holdings Ltd.
4.48
0.89
24.79%
Dalrymple Bay Infrastructure Ltd. Corporate Events
Dalrymple Bay Infrastructure lodges 2025 governance statement with ASX
Feb 23, 2026
Dalrymple Bay Infrastructure Limited, owner of the Dalrymple Bay Terminal, operates critical export infrastructure for high-quality Australian metallurgical coal, underpinning the global steelmaking supply chain. The company targets reliable cash ...
Dalrymple Bay Infrastructure lifts payouts on stronger FY-25 earnings and revamped capital strategy
Feb 23, 2026
Dalrymple Bay Infrastructure reported FY-25 TIC revenue of $307.6 million and EBITDA of $294.3 million, both up on the prior year, alongside a statutory net profit of $29.2 million and a 10.6% rise in funds from operations to $173.3 million. The c...
Dalrymple Bay Infrastructure Declares Quarterly Distribution for December 2025 Period
Feb 23, 2026
Dalrymple Bay Infrastructure Limited, listed on the ASX under the code DBI, issues fully paid ordinary/notes stapled securities as its primary listed instrument in the Australian market. The company manages infrastructure assets linked to the Dalr...
Dalrymple Bay Infrastructure Releases 2025 Sustainability Report
Feb 23, 2026
Dalrymple Bay Infrastructure has released its 2025 Sustainability Report, detailing its approach to managing environmental, social and governance issues across its coal export terminal operations. The publication underscores the company’s fo...
Regal Partners Sells Down Dalrymple Bay Infrastructure Stake Below Substantial Holder Level
Feb 10, 2026
Dalrymple Bay Infrastructure Ltd. has disclosed that Regal Partners Funds Management Pty Ltd and its associated entities have ceased to be substantial holders in the company. According to the notice, Regal-linked entities sold several tranches of ...
UBS Group AG Exits Substantial Shareholder Position in Dalrymple Bay Infrastructure
Feb 6, 2026
UBS Group AG and its related entities have ceased to be a substantial shareholder in Dalrymple Bay Infrastructure Limited as of 4 February 2026, according to a regulatory notice lodged with the company. The change reflects a reduction in UBS’...
Dalrymple Bay Infrastructure Sets Date for FY-25 Results and Investor Call
Feb 3, 2026
Dalrymple Bay Infrastructure Limited has scheduled the release of its financial results for the year ended 31 December 2025 for Tuesday, 24 February 2026, and will host an investor conference call the same day at 11:00am AEDT, with participants re...
Dalrymple Bay Infrastructure Confirms Full Compliance in Quarterly Debt Report
Jan 19, 2026
Dalrymple Bay Infrastructure Limited has lodged its Issuer Quarterly Report for the quarter ended 31 December 2025, confirming full compliance with the terms of its unsecured notes, the associated trust deed and the relevant provisions of the Corp...
Dalrymple Bay Infrastructure Releases 2026 Financial Calendar
Dec 12, 2025
Dalrymple Bay Infrastructure Ltd. has announced its 2026 financial calendar, detailing key dates such as the release of full-year and half-year results, record dates for distributions, and its annual general meeting. These events are significant f...
Dalrymple Bay Infrastructure Secures $1.07 Billion Refinancing
Dec 8, 2025
Dalrymple Bay Infrastructure Limited (DBI) has successfully closed a $1.07 billion refinancing deal, securing new loan facilities through its subsidiary, Dalrymple Bay Finance Pty Limited. This refinancing allows DBI to repay existing debts, inclu...
State Street Corporation Ceases Substantial Holding in Dalrymple Bay Infrastructure
Dec 5, 2025
Dalrymple Bay Infrastructure Ltd. has announced that State Street Corporation and its subsidiaries have ceased to be substantial holders in the company as of December 3, 2025. This change in substantial holding may impact the company’s share...
Dalrymple Bay Infrastructure Updates Dividend Distribution Record Date
Nov 27, 2025
Dalrymple Bay Infrastructure Ltd. announced an update to its previous dividend distribution notification, changing the Record Date to ensure adequate processing time for payments to security holders by MUFG Corporate Markets. This adjustment, rela...
Dalrymple Bay Infrastructure Adjusts Q3-25 Distribution Record Date
Nov 27, 2025
Dalrymple Bay Infrastructure Limited has announced a change to the record date for its Q3-25 distribution, moving it from December 15, 2025, to December 5, 2025. This adjustment may impact stakeholders by altering the timeline for dividend-related...
Dalrymple Bay Infrastructure Announces Dividend Distribution
Nov 25, 2025
Dalrymple Bay Infrastructure Ltd. announced a dividend distribution of AUD 0.06125 per fully paid ordinary note stapled security, covering the financial period ending on September 30, 2025. The ex-date for this distribution is set for December 12,...
Dalrymple Bay Infrastructure Announces Q3-25 Distribution
Nov 25, 2025
Dalrymple Bay Infrastructure Limited announced a Q3-25 distribution of 6.125 cents per stapled security, aligning with its guidance for the fiscal year 2025/2026. This distribution contributes to a total year-to-date distribution of 17.875 cents p...
Dalrymple Bay Infrastructure Appoints New Non-Executive Director to Strengthen Leadership
Nov 25, 2025
Dalrymple Bay Infrastructure Ltd. has appointed Mr. Tom Laidlaw as an independent non-executive director. With over 25 years of experience in infrastructure and energy sectors, Mr. Laidlaw’s leadership and expertise in managing large-scale a...
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.