Orica Ltd
ORI: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| >N! | LOCK|%< | LOCK|%$WVlb |
Margins to Benefit From Premium Blasting Solutions and Cost-Outs
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.
