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Duratec Limited
(Sydney:DUR)
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Rating:69Neutral
Price Target:
AU$2.50
â–²(10.13% Upside)
Action:Downgraded
Date:05/27/26
The score is driven primarily by solid financial performance (growth, improving gross margin, and strong free cash flow) and supportive valuation (low P/E). These positives are tempered by weaker near-term technical signals (negative MACD and price below key moving averages).
Positive Factors
Strong free cash flow growth
A 54.29% jump in free cash flow shows the business is converting operations into discretionary cash. Durable cash generation funds capex, working capital, debt reduction or dividends, and cushions the company through project timing swings common in engineering services.
Negative Factors
Modest net profit margin
A net margin near 4% leaves a thin buffer against cost overruns, project disputes or rising input costs. In a contract-driven business, small margin headroom reduces resilience, limits reinvestment capacity and raises the importance of execution discipline to sustain profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow growth
A 54.29% jump in free cash flow shows the business is converting operations into discretionary cash. Durable cash generation funds capex, working capital, debt reduction or dividends, and cushions the company through project timing swings common in engineering services.
Read all positive factors
Duratec Limited (DUR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$547.30M
Dividend Yield1.99%
Average Volume (3M)452.77K
Price to Earnings (P/E)23.1
Beta (1Y)0.55
Revenue Growth1.59%
EPS Growth2.81%
CountryAU
Employees1,265
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.09
Shares Outstanding258,160,250
10 Day Avg. Volume472,255
30 Day Avg. Volume452,772
Financial Highlights & Ratios
PEG Ratio3.11
Price to Book (P/B)4.86
Price to Sales (P/S)0.63
P/FCF Ratio16.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$3.01Price Target Upside32.38% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.14
Revenue Forecast (FY)AU$699.06M
Duratec Limited Business Overview & Revenue Model
Company Description
Duratec Limited is an Australian company specializing in the assessment, protection, remediation, and refurbishment of various assets, primarily focusing on steel and concrete infrastructure throughout the country. The company's operations are str...
How the Company Makes Money
Duratec makes money by contracting to deliver project and maintenance work that protects, restores, or extends the service life of client assets. Revenue is primarily earned on a project basis under construction/services contracts, where Duratec i...
Duratec Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
75
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 559.08M | 573.03M | 555.79M | 491.80M | 310.00M | 235.71M |
| Gross Profit | 37.82M | 106.31M | 96.17M | 82.07M | 48.41M | 45.81M |
| EBITDA | 44.90M | 47.84M | 45.64M | 37.47M | 15.90M | 15.15M |
| Net Income | 23.28M | 22.83M | 21.43M | 19.20M | 7.76M | 7.13M |
Balance Sheet | ||||||
| Total Assets | 243.60M | 251.37M | 225.40M | 212.43M | 137.62M | 105.22M |
| Cash, Cash Equivalents and Short-Term Investments | 76.01M | 84.03M | 65.22M | 66.19M | 58.26M | 41.25M |
| Total Debt | 60.42M | 49.39M | 31.56M | 18.32M | 14.81M | 13.41M |
| Total Liabilities | 158.85M | 177.05M | 166.28M | 166.37M | 106.67M | 79.30M |
| Stockholders Equity | 84.75M | 74.33M | 59.12M | 46.06M | 30.96M | 25.92M |
Cash Flow | ||||||
| Free Cash Flow | 21.97M | 22.01M | 11.03M | 22.20M | 20.59M | -2.37M |
| Operating Cash Flow | 31.02M | 36.06M | 27.28M | 35.20M | 28.03M | 8.17M |
| Investing Cash Flow | -12.97M | -14.37M | -24.46M | -22.22M | -5.09M | -8.52M |
| Financing Cash Flow | -2.83M | -2.88M | -3.79M | -4.70M | -4.42M | 1.82M |
Duratec Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | AU$970.64M | 32.76 | 42.55% | 4.50% | -16.50% | -24.00% | |
72 Outperform | AU$702.25M | 19.56 | 22.89% | 2.60% | 1.87% | -23.48% | |
69 Neutral | AU$547.30M | 23.14 | 29.27% | 1.86% | 1.59% | 2.81% | |
69 Neutral | AU$871.46M | 23.02 | 7.03% | 3.47% | -34.08% | -36.57% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | AU$2.94B | 27.36 | 20.27% | 2.98% | 26.80% | 40.18% | |
60 Neutral | AU$139.68M | -18.23 | -12.62% | 2.78% | -2.60% | -168.93% |
* Industrials Sector Average
AU:DUR
Duratec Limited
2.21
0.80
57.18%
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AU:SND
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0.95
0.13
15.24%
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GR Engineering Services Ltd
6.04
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55.55%
AU:CVL
Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh
1.82
0.67
58.81%
Duratec Limited Corporate Events
Duratec refreshes board as Jamie Cullen joins and Gavin Miller departs
Aug 3, 2026
Duratec Limited has announced a board reshuffle, appointing Jamie Cullen as a non-executive director effective 1 October 2026 and confirming the planned resignation of non-executive director Gavin Miller after the company’s upcoming annual g...
Duratec schedules FY26 results webinar for investors
Jul 28, 2026
Duratec Limited will hold an investor webinar to present its FY26 full-year results, with Managing Director Chris Oates and Chief Financial Officer Ashley Muirhead outlining the company’s operational and financial performance. The session, s...
Duratec Wins $70m in Contracts, Expands into Hydrogen and Infrastructure
Jul 27, 2026
Duratec Limited has secured four new contracts worth about $70 million, including a construction management role at Orica’s Hunter Valley Hydrogen Hub that advances its move into future energy and fuel infrastructure. The award builds on rec...
Duratec to Release Escrowed Shares from EIG Australia Acquisition
Jul 23, 2026
Duratec Limited has announced that 451,703 fully paid ordinary shares currently subject to voluntary escrow will be released on 31 July 2026. These shares, already quoted on the ASX, were issued as part of the consideration for the acquisition of ...
Duratec strengthens East Coast footprint with Pacific Welding Australia acquisition
Jun 21, 2026
Duratec Limited has completed the acquisition of Pacific Welding Australia via its wholly owned subsidiary WPF Duratec Pty Ltd, after satisfying all conditions precedent including ACCC merger approval. The deal, structured with a maximum considera...
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.