NRW Holdings Limited (NWH) AI Stock Analysis

• Market Cap: AU$1.45B
• Dividend Yield: 4.43%
• Average Volume (3M): 1.14M
• Price to Earnings (P/E): 12.5
• Beta (1Y): 1.16
• Revenue Growth: 13.68%
• EPS Growth: 24.51%
• Country: AU
• Employees: 8,000
• Sector: Industrials
• Sector Strength: 89
• Industry: Engineering & Construction
• EPS (TTM): 0.11
• Shares Outstanding: 457,362,460
• 10 Day Avg. Volume: 1,056,747
• 30 Day Avg. Volume: 1,141,736
• PEG Ratio: 1.46
• Price to Book (P/B): 2.19
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 11.16
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$3.65
• Price Target Upside: 17.39% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 77 Outperform
• Price Target: AU$3.50 ▲(12.54%Upside)

NRW Holdings Limited's overall stock score reflects its robust financial performance and attractive dividend yield, which are offset by a mixed technical analysis outlook. The company's stable balance sheet and cash flow management are strengths, while the valuation metrics suggest it is reasonably priced. The absence of earnings call and corporate event data did not impact the score as their weights were redistributed.

NRW Holdings Limited Business Overview & Revenue Model

Company Description

NRW Holdings Limited (NWH) is an Australian company that provides diversified services to the resources and infrastructure sectors. With a comprehensive suite of offerings, NRW operates through several divisions including civil, urban, mining, and drill & blast services. The company is renowned for its capabilities in delivering large-scale projects, with a focus on earthworks, concrete works, bulk earthmoving, and mining services. NRW Holdings leverages its extensive industry experience to serve clients across Australia, ensuring high-quality project execution and client satisfaction.

How the Company Makes Money

NRW Holdings Limited generates revenue through its diversified service offerings primarily in the resources and infrastructure sectors. The company's key revenue streams include contracts for civil infrastructure projects, such as highways, bridges, and tunnels, as well as urban development projects that involve earthworks and site preparation. Additionally, NRW earns substantial income from its mining services, which include mining operations management, equipment rental, and maintenance services. The drill & blast division also contributes to the company's earnings by providing specialized services essential for mining and construction projects. Significant partnerships with major mining and construction companies further bolster NRW's revenue, as these alliances often lead to long-term contracts and repeat business. The company's ability to deliver large-scale projects efficiently and effectively positions it strongly in the competitive market, driving consistent revenue growth.

NRW Holdings Limited Financial Statement Overview

Summary

NRW Holdings Limited exhibits strong financial performance with consistent revenue growth and solid profitability margins. The balance sheet is stable with manageable debt levels, and cash flow management is effective. However, there is room for improvement in net profit margin and free cash flow growth.

Income Statement

NRW Holdings Limited has demonstrated strong revenue growth with a consistent increase in total revenue over the years, achieving a 9.2% growth from 2023 to 2024. The gross profit margin improved significantly, and the company maintained solid EBIT and EBITDA margins. However, there is room for improvement in net profit margin, which indicates that cost management could be optimized further.

Balance Sheet

The company maintains a stable balance sheet with a manageable debt-to-equity ratio of approximately 0.5, indicating prudent financial leverage. The return on equity shows a healthy upward trend, reflecting effective utilization of equity capital. However, the equity ratio suggests that the company could strengthen its asset base in relation to equity.

Cash Flow

NRW Holdings Limited has demonstrated strong cash flow management, evidenced by a positive operating cash flow and a consistent free cash flow generation. The free cash flow to net income ratio indicates efficient conversion of net income to cash. However, there was a decrease in free cash flow growth rate, suggesting potential areas to enhance cash flow from operations or reduce capital expenditures.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	2.91B	2.67B	2.37B	2.22B	2.00B
Gross Profit	1.40B	431.98M	349.22M	391.81M	479.57M
EBITDA	309.70M	267.57M	262.98M	254.43M	235.65M
Net Income	105.10M	85.64M	97.41M	54.30M	73.75M
Balance Sheet
Total Assets	1.61B	1.61B	1.50B	1.41B	1.36B
Cash, Cash Equivalents and Short-Term Investments	246.65M	227.58M	219.34M	146.55M	170.23M
Total Debt	325.46M	311.92M	285.92M	317.83M	309.85M
Total Liabilities	959.70M	995.37M	906.05M	869.46M	889.09M
Stockholders Equity	652.56M	610.12M	591.09M	545.12M	472.39M
Cash Flow
Free Cash Flow	38.70M	59.70M	81.65M	68.84M	133.08M
Operating Cash Flow	233.53M	246.99M	288.00M	147.44M	215.70M
Investing Cash Flow	-152.28M	-180.57M	-124.75M	-121.68M	-193.00M
Financing Cash Flow	-62.12M	-58.26M	-90.52M	-49.44M	82.50M

NRW Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.11
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NWH, the sentiment is Positive. The current price of 3.11 is above the 20-day moving average (MA) of 2.99, above the 50-day MA of 2.89, and below the 200-day MA of 3.20, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 61.44 is Neutral, neither overbought nor oversold. The STOCH value of 79.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:NWH.

NRW Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NWH	77 Outperform	AU$1.45B	12.51	18.01%	4.43%	13.68%	24.51%
LYL	77 Outperform	AU$465.53M	10.00	36.14%	1.69%	-1.31%	-18.79%
MND	76 Outperform	€1.80B	23.72	15.97%	3.65%	11.00%	34.97%
SSM	72 Outperform	€1.21B	22.82	10.90%	2.55%	6.66%	124.87%
SRG	69 Neutral	AU$1.02B	24.28	11.36%	2.96%	25.40%	41.18%
MGH	67 Neutral	AU$1.48B	19.12	9.50%	1.72%	-1.30%	-7.78%
Sector *	59 Neutral	AU$1.64B	9.71	11.24%	3.49%	6.75%	3.18%

NRW Holdings Limited Corporate Events

NRW Holdings Secures $167 Million Contract with Rio Tinto

NRW Holdings Limited has been awarded a significant contract by Rio Tinto for the development of the Brockman Syncline 1 mine in Western Australia. The contract, valued at approximately $167 million, involves construction work including earthworks, roadworks, drainage, and concrete structures. This project highlights NRW’s ongoing relationship with Rio Tinto and strengthens its position in the mining sector, with a peak workforce of over 300 people expected to be involved.

The most recent analyst rating on (AU:NWH) stock is a Buy with a A$3.47 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.

Macquarie Group Becomes Substantial Holder in NRW Holdings

NRW Holdings Limited has announced that Macquarie Group Limited and its controlled entities have become substantial holders in the company as of June 19, 2025. This development indicates a significant investment and interest from Macquarie Group, potentially impacting NRW Holdings’ market dynamics and shareholder structure.

The most recent analyst rating on (AU:NWH) stock is a Buy with a A$4.10 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.

Macquarie Group Ceases Substantial Holding in NRW Holdings

Macquarie Group Limited has announced that it has ceased to be a substantial holder in NRW Holdings Limited, a move that reflects a change in its voting securities interest. This development may impact Macquarie’s influence over NRW Holdings, potentially altering the dynamics of shareholder voting and decision-making within the company.

The most recent analyst rating on (AU:NWH) stock is a Buy with a A$3.47 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.

Macquarie Group Becomes Substantial Holder in NRW Holdings

Macquarie Group Limited has become a substantial holder in NRW Holdings Limited, a company involved in the resources and infrastructure sectors. Macquarie Group Entities now hold a 5.02% voting power in NRW Holdings, indicating a significant investment and potential influence over company decisions.

The most recent analyst rating on (AU:NWH) stock is a Buy with a A$3.82 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.

NRW Holdings’ Primero Secures $157M Contract with Rio Tinto

NRW Holdings Limited announced that its subsidiary, Primero Group Limited, has secured a contract with Rio Tinto for the Hope Downs 2 Satellite & Bedded Hilltop Non-Process Infrastructure Facilities, valued at approximately $157 million. This contract, part of the Hope Downs 1 Sustaining Project, involves design, supply, installation, construction, testing, commissioning, and handover of infrastructure works for Rio Tinto’s operations in Western Australia. The project is expected to be completed by December 2026, with site works commencing in Q4 2025. This award strengthens Primero’s reputation as a leading provider of engineering and construction services and reinforces its long-term relationship with Rio Tinto.

The most recent analyst rating on (AU:NWH) stock is a Buy with a A$3.47 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.

Macquarie Group Becomes Substantial Holder in NRW Holdings

Macquarie Group Limited has become a substantial holder in NRW Holdings Limited as of May 26, 2025. This development indicates Macquarie’s increased influence in NRW Holdings, with the power to control voting rights and securities disposal, potentially impacting the company’s strategic decisions and market positioning.

The most recent analyst rating on (AU:NWH) stock is a Buy with a A$3.47 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.

NRW Holdings Faces Legislative Challenge Over Whyalla Ports Security

NRW Holdings Limited is facing a significant challenge due to proposed legislation by the South Australian Government that could undermine its financial security interests in Whyalla Ports. The legislation, if passed, would nullify the lease agreement between OneSteel and Whyalla Ports, potentially impacting NRW’s ability to recover $113.3 million owed under a Mining Services Agreement. This development could lead to NRW raising an impairment provision in its financial results, reflecting the potential loss. NRW has been actively supporting OneSteel and Whyalla Ports, maintaining employment and operations despite the financial difficulties faced by the GFG Alliance. The company is prepared to pursue all available recovery options to protect its interests.

The most recent analyst rating on (AU:NWH) stock is a Buy with a A$3.47 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.

NRW Holdings Requests Trading Halt Amid Legislative Review

NRW Holdings Limited has requested a trading halt on its securities pending an announcement regarding the implications of proposed legislation by the South Australian Government. This legislation could affect the security held by its subsidiary, Golding Contractors Pty Ltd, over the assets of Whyalla Ports Pty Ltd. The trading halt is expected to last until the announcement is made or normal trading resumes on 16 May 2025. This move reflects NRW’s proactive approach in assessing potential impacts on its operations and stakeholders.

The most recent analyst rating on (AU:NWH) stock is a Buy with a A$3.47 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.