Australia's Orica jumps as Morningstar hikes fair value after upbeat FY earnings

ORICA

14/11/2025 03:58

** Shares of Orica ORI.AX advance as much as ~2% to A$23.865, set for a third straight session of gains

** Morningstar lifts explosives maker's fair value estimate by 8% to A$20, citing improved working capital terms

** Orica on Thursday posted its strongest annual earnings in 13 years, driven by solid performance across segments

** However, research firm Morningstar says market is overly optimistic on earnings improvement, noting that while margins may rise, longer-term demand headwinds persist

** ORI up 42.9%, YTD

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))