Dyno Nobel Ltd DNL

Stock XASX Rating as of Oct 23, 2026

A$3.85 −0.07 (1.79%)

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As of Oct 23, 2026, 5:10:26 AM Delayed Price Closed

Company Report

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Dyno Nobel Shares Up 75% From April 2025 Lows

Mark Taylor Sep 7, 2026

Dyno Nobel aims to expand its business around its strong global market share in explosives. This provides an increasingly stable earnings stream compared with the more volatile earnings from its exited fertilizer business. Dyno Nobel was a major player in the Australian domestic fertilizer market, but sold this position to focus on explosives. Competitive advantages include a duopoly in the Australian explosives business and global explosives operations.

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Price vs Fair Value

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DNL is trading at a LOCK|M!D&^> premium.

Price

A$3.85

Oct 23, 2026

Fair Value

N.F

May 12, 2026

Uncertainty

LOCK|P#Sh

1-Star Price: LOCK|%M
5-Star Price: LOCK|j><
Economic Moat: LOCK|k!
Capital Allocation: LOCK|%<kl&SJ

Bulls Say, Bears Say

Bulls

Investors enjoy bumper dividends during peak-cycle times.

Bears

Capital allocation decisions have been questionable, including a sell-down of fertilizer at a low point in the segment's earnings.

Trading Information

Previous Close Price: A$3.92
Day Range: A$3.85–3.92
52-Week Range: A$2.83–4.22
Bid/Ask: A$3.85 / A$3.93
Shares Outstanding: 1.75B
Market Cap: A$6.74B
Volume/Avg: 5M / 5M

Key Statistics

Price/Earnings (Normalized): 10.42
Price/Sales: 1.86
Dividend Yield (Trailing): 3.66%
Dividend Yield (Forward): 3.66%
Dividend Payment Schedule: Jul, Dec
Total Yield: 8.47%

Company Profile

Dyno Nobel is a leading global explosives company with operations in Australia, Asia, and the Americas. We estimate its share of the global commercial explosives market at about 15%. Explosives traditionally contributed around 80% of EBIT, but with the sale of the fertilizers business, this moves to 100%.

Sector: Basic Materials
Industry: Specialty Chemicals
Stock Style Box: Mid Core
Total Number of Employees: 4,500
Website: https://www.dynonobel.com

Competitors

Nutrien Ltd

NTR

Valuation

Metric	DNL	NTR
Price/Earnings (Normalized)	10.42	14.36
Price/Book Value	1.67	1.27
Price/Sales	1.86	1.21
Price/Cash Flow	20.06	6.93

Price/Earnings

DNL

NTR

Financial Strength

Metric	DNL	NTR
Quick Ratio	0.67	0.83
Current Ratio	1.27	1.39
Interest Coverage	3.01	5.18

Quick Ratio

DNL

NTR

Profitability

Metric	DNL	NTR
Return on Assets (Normalized)	6.38%	4.70%
Return on Equity (Normalized)	11.20%	9.83%
Return on Invested Capital (Normalized)	9.55%	7.80%

Return on Assets

DNL

NTR

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