Citi sets AUD 4.55 target for Dyno Nobel stock

Published on 10/17/2026 at 18:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

March revenue hit AUD 1.61 billion, up 20.15 percent year over year. Dyno Nobel stock cost AUD 3.95 on October 16, 2026, up 0.77 percent on the ASX.

Target and revenue

Citi set an AUD 4.55 target for Dyno Nobel on October 7, 2026.
March-quarter revenue reached AUD 1.61 billion, up 20.15 percent year over year.
Dyno Nobel stock cost AUD 3.95 on October 16, 2026 at 4:10 p.m. AEDT, up 0.77 percent versus the prior close of AUD 3.92.
The company had a market capitalization of AUD 6.9 billion and a price-to-earnings ratio of 24.46 on October 16, 2026.

Dyno Nobel, AU0000390544, Illustration mit AI erstellt.

Dyno Nobel (ISIN AU0000390544) received a new AUD 4.55 price target from Citi on October 7, 2026, while the target stood 15.19 percent above the AUD 3.95 ASX closing price of October 16, 2026. According to Markets Insider, Citi maintained its Buy rating and set the target at AUD 4.55. Dyno Nobel stock was last at AUD 3.95 on the ASX on October 16, 2026 at 4:10 p.m. AEDT, up 0.77 percent versus the prior close of AUD 3.92.

Revenue reached AUD 1.61 billion

The March-quarter figures provide the clearest operating counterweight to the valuation discussion. Dyno Nobel reported revenue of AUD 1.61 billion for the quarter ended March 31, 2026, compared with AUD 1.34 billion a year earlier, an increase of 20.15 percent. Net profit was AUD 31.1 million, versus AUD 7.4 million in the comparable quarter, according to Markets Insider.

Price sits below the yearly high

The ASX price was AUD 0.27 below Dyno Nobel's 52-week high of AUD 4.22 on October 16, 2026, a gap of 6.40 percent. It remained AUD 1.12 above the 52-week low of AUD 2.83, equivalent to 39.58 percent. Trading volume reached 3,615,660 shares, against an average volume of 4,811,765 shares.

Valuation and investor dates

Dyno Nobel had a market capitalization of AUD 6.9 billion, a price-to-earnings ratio of 24.46 and a dividend yield of 4.00 percent on October 16, 2026. The investor centre identifies the company as an ASX-listed specialty chemicals group supplying commercial explosives to mining, quarrying, agriculture and industrial customers.

The company held its Investor Day presentation in New York on September 16, 2026. Its investor materials also state that the business changed its name from Incitec Pivot Limited to Dyno Nobel Limited in March 2025.

Comparison with peers

Dyno Nobel (ASX, AUD): plus 0.77 percent, price-to-earnings ratio 24.46, market capitalization AUD 6.9 billion.

Orica (ASX, AUD): plus 1.56 percent, price-to-earnings ratio 44.82, market capitalization AUD 10.6 billion.

BHP Group (ASX, AUD): plus 3.50 percent, price-to-earnings ratio 21.61, market capitalization AUD 305.1 billion.

What the target says about valuation

Citi's AUD 4.55 target is AUD 0.60 above the October 16 ASX price, or 15.19 percent higher. That comparison places the analyst target above the latest market level, while the 24.46 price-to-earnings ratio remains below Orica's 44.82 and above BHP Group's 21.61.

The last available ASX price was AUD 3.95 on October 16, 2026 at 4:10 p.m. AEDT, up 0.77 percent versus the prior close of AUD 3.92.