Dyno Nobel (AU:DNL)
ASX:DNL
Want to see AU:DNL full AI Analyst Report?
Top Page
Dyno Nobel
(Sydney:DNL)
Select Model
Select Model
Rating:61Neutral
Price Target:
AU$4.00
▲(23.84% Upside)
Action:Reiterated
Date:03/10/26
The score is held up mainly by a comparatively stable balance sheet, but is weighed down by declining revenue/profitability and a significant drop in free cash flow. Technical indicators also lean bearish with the price below key moving averages and negative MACD, while valuation is pressured by a high P/E despite the dividend yield.
Positive Factors
Balance sheet strength
Moderate leverage and a strong equity base provide financial resilience for a capital-intensive explosives business. This structure supports funding of logistic assets, safety compliance, and cyclical downturns, preserving operational continuity and strategic optionality over months.
Negative Factors
Declining revenue trend
A pronounced revenue decline signals weakening end-market activity or lost volumes. For a supplier tied to mining and construction, falling top-line reduces scale benefits and can sap pricing leverage, making it harder to cover fixed costs and reinvest in service capacity over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Moderate leverage and a strong equity base provide financial resilience for a capital-intensive explosives business. This structure supports funding of logistic assets, safety compliance, and cyclical downturns, preserving operational continuity and strategic optionality over months.
Read all positive factors
Dyno Nobel (DNL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$6.60B
Dividend Yield3.6%
Average Volume (3M)5.66M
Price to Earnings (P/E)38.3
Beta (1Y)0.96
Revenue Growth-16.59%
EPS GrowthN/A
CountryAU
Employees5,600
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)0.09
Shares Outstanding1,755,597,900
10 Day Avg. Volume5,374,447
30 Day Avg. Volume5,655,553
Financial Highlights & Ratios
PEG Ratio-0.27
Price to Book (P/B)1.30
Price to Sales (P/S)1.55
P/FCF Ratio57.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$3.64Price Target Upside12.69% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)0.18
Revenue Forecast (FY)AU$3.50B
Dyno Nobel Business Overview & Revenue Model
Company Description
Dyno Nobel Limited, together with its subsidiaries, manufactures and distributes commercial explosives in in the United States, Australia, and Mexico. It offers packaged explosives, including Powermite, a cartridge explosive; and Dynosplit for pre...
How the Company Makes Money
Dyno Nobel makes money by manufacturing and selling explosives and by providing associated blasting solutions and services to resource and infrastructure customers.
Key revenue streams:
- Explosives product sales: Revenue is generated from the su...
Dyno Nobel Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
75
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.74B | 3.71B | 5.28B | 5.41B | 6.32B | 4.35B |
| Gross Profit | 1.04B | 1.02B | 2.60B | 2.48B | 3.34B | 2.29B |
| EBITDA | 666.30M | 628.30M | -190.20M | 792.40M | 1.83B | 637.80M |
| Net Income | 169.20M | 145.50M | -310.90M | 560.00M | 1.01B | 149.10M |
Balance Sheet | ||||||
| Total Assets | 7.00B | 7.83B | 8.40B | 10.55B | 10.86B | 9.39B |
| Cash, Cash Equivalents and Short-Term Investments | 175.40M | 647.20M | 1.07B | 405.00M | 763.50M | 651.80M |
| Total Debt | 1.60B | 2.02B | 1.96B | 1.97B | 1.96B | 1.91B |
| Total Liabilities | 2.95B | 3.40B | 3.55B | 4.12B | 4.57B | 4.02B |
| Stockholders Equity | 4.05B | 4.43B | 4.85B | 6.43B | 6.29B | 5.37B |
Cash Flow | ||||||
| Free Cash Flow | -7.70M | 100.50M | -88.50M | 205.70M | 659.30M | 295.20M |
| Operating Cash Flow | 347.40M | 574.70M | 290.20M | 700.80M | 1.09B | 650.20M |
| Investing Cash Flow | 194.50M | -526.60M | 1.29B | -481.80M | -574.70M | -342.40M |
| Financing Cash Flow | -910.30M | -481.30M | -887.10M | -584.60M | -413.20M | -211.20M |
Dyno Nobel Technical Analysis
Positive
3.23
Price Trends
3.34
Positive
3.33
Positive
3.23
Positive
Market Momentum
0.13
Negative
68.66
Neutral
81.16
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DNL, the sentiment is Positive. The current price of 3.23 is below the 20-day moving average (MA) of 3.57, below the 50-day MA of 3.34, and above the 200-day MA of 3.23, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 68.66 is Neutral, neither overbought nor oversold. The STOCH value of 81.16 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:DNL.
Dyno Nobel Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | AU$10.61B | 41.83 | 6.34% | 2.28% | 1.79% | 156.48% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | AU$6.60B | 38.34 | 3.99% | 3.60% | -16.59% | ― | |
55 Neutral | AU$31.20M | -4.66 | -82.31% | ― | 23.44% | 42.80% | |
43 Neutral | AU$104.66M | -2.22 | -73.16% | ― | 21.36% | -70.37% |
* Basic Materials Sector Average
AU:DNL
Dyno Nobel
3.69
1.15
45.10%
AU:ORI
Orica Limited
22.70
4.44
24.30%
AU:CXL
Calix Ltd.
0.51
0.19
59.38%
AU:CG1
Carbonxt Group Ltd.
0.07
0.03
63.64%
Dyno Nobel Corporate Events
Dyno Nobel Updates Market on Progress of On‑Market Share Buy‑Back
May 27, 2026
Dyno Nobel Limited has provided an update on its ongoing on-market share buy-back, covering ordinary fully paid shares traded under ASX code DNL. The company reported that a total of 50,676,580 shares had been repurchased before the previous tradi...
Dyno Nobel Updates Market on Progress of On‑Market Share Buy‑Back
May 25, 2026
Dyno Nobel has provided an updated notification to the ASX regarding its ongoing on-market share buy-back, confirming that the program remains active as of 26 May 2026. The company reported that a total of 50,593,640 shares had been repurchased be...
Dyno Nobel Reports Daily Progress on Ongoing Share Buy‑Back
May 24, 2026
Dyno Nobel Limited has updated the market on its ongoing on‑market share buy‑back program for its ordinary fully paid shares listed on the ASX under ticker DNL. The company reported that, as of the latest daily notification dated 25 Ma...
Dyno Nobel Updates Market on Progress of On‑Market Share Buy‑Back
May 21, 2026
Dyno Nobel Limited has provided an updated notification to the ASX regarding its ongoing on‑market share buy‑back program for its ordinary fully paid shares. The company reported that as of 21 May 2026 it had repurchased a cumulative t...
Dyno Nobel Declares Interim Dividend of AUD 0.046 Per Share
May 10, 2026
Dyno Nobel Limited has announced a new interim dividend of AUD 0.046 per ordinary fully paid share for the six‑month period ended 31 March 2026, reinforcing its policy of returning cash to shareholders. The dividend will trade ex‑divid...
Dyno Nobel’s Explosives Strength Underpins Guidance as Fertilisers Exit Completed
May 10, 2026
Dyno Nobel reaffirmed its full-year earnings guidance after a strong first half, as its explosives operations drove EBIT excluding significant items up 39% to $243m and NPAT excluding significant items up 83% to $161m. The company lifted its inter...
Dyno Nobel Confirms No Change in Director John Ho’s Shareholding Exposure
Apr 2, 2026
Dyno Nobel Limited has reported that director John Ho’s indirect relevant interest in the company’s securities remains unchanged, with holdings steady at 157,489,475 fully paid ordinary shares and aggregate relevant interests, includin...
Dyno Nobel Details Ongoing On‑Market Share Buy‑Back Activity
Mar 30, 2026
Dyno Nobel Limited has continued its on-market share buy-back program for its ordinary fully paid shares, providing an updated notification to the ASX dated March 31, 2026. The company reported that a total of 48,544,326 shares had been repurchase...
Dyno Nobel Continues On-Market Share Buy-Back Program
Mar 25, 2026
Dyno Nobel Limited, listed on the ASX under ticker DNL, is conducting an on-market buy-back of its ordinary fully paid shares as part of its capital management strategy. The company has been progressively acquiring its own stock since an initial n...
Dyno Nobel Updates Market on Progress of On‑Market Share Buy‑Back
Mar 24, 2026
Dyno Nobel Limited has provided an updated notification to the ASX on the progress of its on‑market share buy‑back program for ordinary fully paid shares. The company disclosed that as of 25 March 2026 it had repurchased a cumulative 4...
Dyno Nobel Updates Market on Progress of On-Market Share Buy-Back
Mar 23, 2026
Dyno Nobel Limited has provided an update on its ongoing on-market share buy-back program for its ordinary fully paid shares. The company reported that, as of the latest notification dated 24 March 2026, it has repurchased a total of 47,293,759 sh...
Dyno Nobel Cuts Share Count with On‑Market Buy‑Back Cancellation
Mar 20, 2026
Dyno Nobel Limited has cancelled 10,471,447 ordinary fully paid shares following completion of an on-market buy-back that took effect on 13 March 2026. The reduction in issued capital signals active capital management by the company, which may enh...
Dyno Nobel Continues On-Market Share Buy-Back Program
Mar 19, 2026
Dyno Nobel Limited has been executing an on-market share buy-back program for its ordinary fully paid shares under the ASX code DNL, originally notified in December 2025. The company reported that as of 20 March 2026 it had repurchased a cumulativ...
Dyno Nobel Lifts Total Share Buy‑Back to Over 46 Million Shares
Mar 18, 2026
Dyno Nobel Limited has provided an updated notification to the ASX on its ongoing on‑market share buy‑back, confirming that it repurchased 241,153 ordinary fully paid shares on the previous trading day. This takes the total number of s...
Dyno Nobel Issues Daily Update on Ongoing Share Buy-Back
Mar 17, 2026
Dyno Nobel Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back of ordinary fully paid shares. The latest daily update, dated 18 March 2026, reports that a total of 45,524,575 shares had been repur...
Dyno Nobel Updates ASX on Ongoing On‑Market Share Buy‑Back
Mar 16, 2026
Dyno Nobel Limited has continued its on‑market buy‑back of ordinary fully paid shares, as disclosed in an updated notification to the ASX dated 17 March 2026. The company reported that a total of 45,052,802 shares had been repurchased ...
Dyno Nobel Reports Ongoing Progress in On-Market Share Buy-Back
Mar 15, 2026
Dyno Nobel Limited has provided an updated notification to the ASX confirming the ongoing execution of its on-market share buy-back program for its ordinary fully paid shares. The latest filing, dated 16 March 2026, reports that a total of 44,281,...
Dyno Nobel Issues Daily Update on Ongoing Share Buy-Back
Mar 12, 2026
Dyno Nobel Limited reported an update to its on-market share buy-back program for its ordinary fully paid shares listed on the ASX under the ticker DNL. The announcement, dated 13 March 2026, confirms the company is continuing a previously disclos...
Dyno Nobel Continues On-Market Share Buy-Back Program
Mar 11, 2026
Dyno Nobel Limited, an explosives and blasting services provider listed on the ASX under ticker DNL, has been actively managing its capital structure through an on-market share buy-back program covering its ordinary fully paid shares. The company ...
Dyno Nobel Ramps Up Daily On-Market Share Buy-Back
Mar 10, 2026
Dyno Nobel Limited has continued its on-market share buy-back program for its ordinary fully paid shares, as disclosed in an updated notification to the ASX. The company reported that a cumulative 38,573,740 shares had been repurchased prior to th...
Dyno Nobel Updates Market on Progress of On-Market Share Buy-Back
Mar 9, 2026
Dyno Nobel Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back of ordinary fully paid shares. The company reported that, as of the latest daily update dated 10 March 2026, a total of 36,230,499 sh...
Dyno Nobel Director Maintains Stake as Janchor Funds Lift Derivative Exposure
Mar 4, 2026
Dyno Nobel has disclosed that director John Ho’s relevant interest in the company’s fully paid ordinary shares remains unchanged at 157,489,475 shares, held indirectly through Janchor Partners Limited as investment manager. The filing ...
Dyno Nobel Updates Market on Progress of On‑Market Share Buy‑Back
Mar 2, 2026
Dyno Nobel Limited has provided an updated notification of its on-market share buy-back, confirming that a total of 35,790,482 ordinary fully paid shares had been repurchased before the previous trading day. The company also disclosed that it boug...
Dyno Nobel Continues On‑Market Buy‑Back With Daily Share Repurchases
Mar 1, 2026
Dyno Nobel Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program, confirming that a total of 35,239,661 ordinary fully paid shares had been repurchased prior to the latest reporting day. The...
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.