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Can Orica Limited's (ASX:ORI) Weak Financials Pull The Plug On The Stock's Current Momentum On Its Share Price?
Orica (ASX:ORI) has had a great run on the share market with its stock up by a significant 6.6% over the last month. We decided to pay close attention to its weak financials as we are doubtful that the current momentum will keep up, given the scenario. Specifically, we decided to study Orica's ROE in this article. Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. The company's net income growth over the past five years is more or less flat.
Orica (ASX:ORI) Is Looking To Continue Growing Its Returns On Capital Orica's (ASX:ORI) ROCE is 9.7%, which is around the 8.7% average in the Chemicals industry. The company has increased its return on capital employed by 24% over the last five years. Orica has only returned 2.5% to shareholders over that period. It's worth exploring what management has said about growth plans going forward.
Explosives giant Orica ramps up emission reduction targets Explosives giant Orica is ramping up its direct emissions reduction. The company will include emissions generated by its customers among its climate change goals for the first time. Orica will also reduce its carbon footprint by producing green hydrogen at a proposed Hunter Valley Hydrogen Hub.
Explosives giant Orica ramps up emission reduction targets Explosives giant Orica is ramping up its direct emissions reduction. The company will include emissions generated by its customers among its climate change goals for the first time. Orica will also reduce its carbon footprint by producing green hydrogen at a proposed Hunter Valley Hydrogen Hub.
Origin Energy gets $48 mln govt funding to develop hydrogen project Australian power producer Origin Energy said on Thursday it received A$70 million ($47.67 million) in funding from the federal government. The project, developed in collaboration with Orica (ORI.AX), was unveiled in 2022.
Federal government to spend $70 million on Newcastle 'hydrogen hub' that will power Orica Newcastle is a step closer to becoming a hydrogen hub following a federal government commitment of $70 million. The hub is expected to produce 5,500 tonnes of hydrogen each year and create about 100 jobs. Origin Energy has partnered with explosive manufacturing company Orica to deliver the Hunter Valley hydrogen hub.
Investment deal struck for $70m Hunter hydrogen hub Energy Minister Chris Bowen said $70 million would be invested to develop a hydrogen hub in the NSW city of Newcastle. Origin Energy in collaboration with Orica is developing the Hunter Valley hydrogen hub, which will support around 100 jobs.
How to blast rocks and negativity into prosperity Sanjeev Gandhi, CEO of chemicals and explosives giant Orica, says artificial intelligence (AI) may be new but the chemicals industry is far advanced. The chemical engineer took to the main stage at the recent World Mining Congress, held in Australia for the first time. He said innovation in chemistry and automation helped rebuild the reputation of his industry.
Orica Limited (ASX:ORI) Stock's On A Decline: Are Poor Fundamentals The Cause? Orica has seen its stock price fall 8.7% over the past month. The company has seen a disappointing earnings growth rate of 5.9%. Orica has a high three-year median payout ratio of 59%.
Explosives equipment missing from massive Snowy Hydro work site A detonator and booster were unaccounted for on Tuesday at the end of the Monday night shift. A rock blasting crew of six including staff from Snowy Hydro and Orica, an explosives company, initially reported the missing equipment at the Lobs Hole site of the Snowy 2.0 pumped hydro project. Workers had their bags searched on Tuesday and Wednesday, with one person saying staff “were going off their nuts”
Investors Will Want Orica's (ASX:ORI) Growth In ROCE To Persist Orica's (ASX:ORI) return on capital employed (ROCE) is 9.6%. ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The figure is based on the number of earnings before interest and tax (EBIT) and the amount of capital employed. Over the last five years, Orica's ROCe has grown 23%. We think the stock deserves further research. If you'd like to see what analysts are forecasting going forward, you should check out our free report.
Heavy industry hitters move towards low-carbon tech Cement producer Boral, chemical manufacturer Orica, metal manufacturer Tomago Aluminium and starch manufacturer Manildra Group are working with the government to slash their emissions. The four companies emitted more than 10 million tonnes of carbon a year - equivalent to the emissions of more than 3.5 million cars. The Transformative Industry Projects will contribute $855,000 in grants.
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