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Owns and operates the Dalrymple Bay coal export terminal in Queensland, a regulated metallurgical coal export facility.
Owns and operates the Dalrymple Bay coal export terminal in Queensland, a regulated metallurgical coal export facility.
Earns a regulated charge from coal miners for reserved capacity, largely payable whether or not the capacity is used (take-or-pay), so earnings are far less tied to coal prices and volumes than a typical port. The terminal is held under a long lease from the Queensland government.
In one line: A regulated coal export terminal operator.
Moat: wide (regulatory licence, installed base). Sole regulated coal export terminal serving the Bowen Basin, effectively a natural monopoly asset.
Headquarters: Brisbane, Australia · Founded: 2021
Size Dalrymple Bay Infrastructure (DBI.AX) is an Australia Industrials company (Wholesale Distributors) with a market value of $1.92B, the 122nd largest of 316 Australia companies the cockpit tracks. Shares closed at A$5.60 on 6 Nov 2026.
Performance Over six months the shares gained 5.9%, against +3.6% for the median peer and +4.1% for the Australia market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 10.7% over the last twelve months (peer median +6.4%); the operating margin is 29.2% (peer median 5.4%).
Valuation It trades at 26.2× forward earnings against a peer median of 16.2× (4th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +105%, so the hurdle is -97 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.2 points below its cost of capital (6.1% WACC).
Next results Next results expected around 22 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | A$880M | A$845M | A$767M | A$642M | A$624M |
| Revenue growth | — | +10% | +19% | +3% | — |
| Gross profit | A$272M | A$257M | A$247M | A$229M | A$235M |
| EBITDA | A$298M | A$297M | A$283M | A$265M | A$269M |
| Net income | A$35.3M | A$29.3M | A$81.8M | A$73.9M | A$69.0M |
| Free cash flow | A$124M | A$63.2M | A$167M | A$172M | A$189M |
| Capital expenditure | A$201M | A$165M | A$82.3M | A$39.1M | A$46.3M |
| Total debt | n/a | A$2.16B | A$1.93B | A$2.28B | A$2.15B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DBI.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.0% | -1.5% | 9th highest of 21 |
| 6-month return | +5.9% | +3.6% | 10th highest of 21 |
| Distance from 52-week high | -6.8% | -22.3% | 4th highest of 21 |
| Revenue growth (TTM) | +10.7% | +6.4% | 7th highest of 21 |
| Operating margin | 29.2% | 5.4% | highest of 19 |
| Forward P/E | 26.2× | 16.2× | 4th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 7.8% | 4.3% | 6th most demanding of 18 |
| Growth delivered (Del g) | +104.8% | +8.5% | highest of 18 |
| Hurdle (Req g minus delivered) | -97.0 pp | -6.7 pp | least demanding of 18 |
| ROIC minus cost of capital | -0.2 pp | +1.0 pp | 7th lowest of 18 |
| EV / EBITDA | 16.1× | 12.1× | 4th most expensive of 10 |
| Net debt / EBITDA | 6.8× | 1.8× | most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dalrymple Bay Infrastructure DBI.AX | Australia | $1.92B | +6% | +11% | 29% | 26.2× | 7.8% | +104.8% |
| BIC Cameras 3048.T | Japan | $1.94B | +10% | +7% | 4% | 15.2× | -8.2% | +4.5% |
| ARE 5857.T | Japan | $1.89B | +1% | +38% | 7% | 9.3× | 2.0% | +29.4% |
| Currys CURY.L | United Kingdom | $1.97B | +16% | +6% | 2% | 10.4× | 4.3% | -2.2% |
| Travis Perkins TPK.L | United Kingdom | $1.86B | +28% | 0% | 3% | 23.2× | 8.5% | +4.3% |
| Jiangxi Tungsten Rare and Precious Equipment 600397.SS | China | $1.86B | -13% | -92% | n/a | 156.9× | n/a | n/a |
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| Inaba Denkisangyo 9934.T | Japan | $1.82B | -4% | +15% | 8% | n/a | -11.9% | +8.5% |
| Happinet 7552.T | Japan | $1.82B | +133% | +19% | 3% | 16.2× | -4.1% | +11.1% |
| AGTech 8279.HK | Hong Kong | $1.78B | +109% | +24% | 8% | n/a | -14.9% | +36.3% |
| Arteche Lantegi Elkartea ART.MC | Spain | $1.77B | -36% | +11% | 14% | 25.2× | 7.2% | +13.9% |
| Anhui Xinhua Media 601801.SS | China | $1.72B | -3% | -16% | 4% | 13.6× | n/a | n/a |
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| Distribution Solutions DSGR | United States | $1.62B | +27% | +6% | 4% | 40.9× | 15.5% | +41.3% |
| Hanwa 8078.T | Japan | $2.29B | +7% | +6% | 2% | 7.8× | -4.2% | +8.8% |
| Hillman Solutions HLMN | United States | $1.62B | +6% | +6% | 6% | 13.3× | 17.9% | +2.6% |
| OEM International OEM-B.ST | Sweden | $2.34B | +11% | +11% | 15% | 29.9× | 14.6% | +10.1% |
| Xinjiang Zhongtai Chemical 002092.SZ | China | $1.57B | -41% | +7% | 3% | 25.4× | -4.2% | -19.5% |