Professional
Added to YB: 2024-05-15
Pitch date: 2024-03-31
DOW.AX [bullish]
Downer EDI Limited
+68.58%
current return
Author Info
No bio for this author
Company Info
Downer EDI Limited operates as an integrated facilities management services provider in Australia and New Zealand.
Market Cap
AUD 3.3B
Pitch Price
AUD 4.73
Price Target
N/A
Dividend
2.87%
EV/EBITDA
8.41
P/E
-8.29
EV/Sales
0.40
Sector
Commercial Services and Supplies
Category
N/A
L1 Capital Long Short Fund Portfolio Holding: Downer EDI Limited
DOW.AX +16%: Expanded $175M cost-out program by FY25, utilities profitable in H1 '24. Targeting 4.5%+ EBITA margin FY25. Noncore divestments & new capital allocation strategy coming. FY24 transition year but H2 '24 to see cost & utilities improvements. New leadership committed to efficiency & simplification, shifting to resilient, less capital-intensive annuity contracts.
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