Orica Ltd
ORI: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| B! | LOCK|@D | LOCK|!P^rr$ |
Premium Products and Technology Drive Highest Earnings for Orica in 13 Years
Business Strategy and Outlook
Orica has expanded its mining services business around a leading global market share in explosives. Earnings are leveraged to mining volume and commodity prices. The Australian explosives duopoly affords relatively high margins and returns founded on three- to four-year contracts in addition to longer-duration and lower-margin contracts.
