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Orica Limited (ORI) Fair Value & Analysis

Basic Materials · AU · Market cap A$10.6B

OL Orica Limited ORI · AU
PriceA$22.82
Fair ValueA$18.31
Upside-19.8%
Quality94/100
Evidence: High Range A$10.19 – A$27.75

Fair value as of: Jun 24, 2026

From 23 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from A$16.30 to A$18.31 (+12.3%) since Jun 23, 2026. Share price +2.1% over the past month.

Price vs Fair Value (12 months)

A$25.16 A$17.84 Fair Value A$18.31 Jun 2025 Jun 2026

12‑month range A$17.84 – A$25.16 · fair‑value band A$10.19 – A$27.75 · the A$22.82 price screens above the A$18.31 fair value. As of Jun 24, 2026.

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Analysis

Orica Limited (ORI) currently trades at A$22.82, while our model-based Fair Value estimate is A$18.31 — implying the stock looks roughly 19.8% overvalued today. We read business quality at 94/100 (high quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Orica Limited generated revenue of A$8.1B at a net margin of 3.1%. Revenue declined 1.7% year over year. It earns a return on equity of 6.6%. Net debt stands at A$2.3B. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) A$8.1B
Revenue growth (YoY) -1.7%
Net margin 3.1%
Return on equity 6.6%
Free cash flow A$535M FY2025
P/E ratio 45.0
More key figures
Operating margin 4.9%
EPS (TTM) A$0.5100
Dividend yield 2.7%
EPS growth (YoY) +34.8%
Net debt A$2.3B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Orica Limited manufactures, distributes, and sells commercial blasting systems, explosives, mining and tunnelling support systems, and various chemical products and services in Australia, Canada, the United States, and internationally. It provides 4D bulk explosives systems, packaged explosives, initiating systems, boosters, and seismic explosive ranges; technical services; and supplementary services. The company also offers automation solutions, including Avatel, a machine equipped with underground development charging system; and secondary breakage and hang up blasting, a tele-remote blasting solution. In addition, it provides specialty mining chemical products, such as cyanide, emulsifiers, and sodium cyanide, as well as PRO services; end-to-end benchmarks and insights at various stages of the blasting process; and nitrogen fertilizers, which includes urea ammonium nitrate and ammonia. Further, the company offers resources to explore the use of chemical energy in blasting, blasti…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Orica Limited reported revenue of A$8.1B in FY2025 versus A$5.2B in FY2021, a compound +11.8%/yr. Reported net income was A$162M in FY2025.

Revenue +11.8%/yr
FY21 A$5.2B
FY22 A$7.1B
FY23 A$7.9B
FY24 A$7.7B
FY25 A$8.1B
Net income
FY21 −A$174M
FY22 A$60.1M
FY23 A$296M
FY24 A$525M
FY25 A$162M

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Frequently asked questions

Is Orica Limited (ORI) undervalued?
As of Jun 24, 2026, our model estimates a fair value of A$18.31 versus a price of A$22.82 — about −20% (overvalued). Model-based estimate, not financial advice.
What is the fair value of ORI?
Our 21-model fair value for Orica Limited is A$18.31 (as of Jun 24, 2026), built from audited fundamentals. The current price is A$22.82.
What is the quality score of ORI?
Orica Limited has a Quality Score of 94/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Orica Limited (ORI)?
Orica Limited reported trailing-twelve-month revenue of about A$8.1B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of ORI?
The net profit margin of Orica Limited is about 3.1%, meaning it keeps roughly 3.1% of revenue as net income. Based on the latest reported figures.
Does Orica Limited pay a dividend?
Orica Limited currently shows a dividend yield of about 2.66% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.