Market Too Bearish on Nrw's Revenue Hit from Fimiston Work Ending

Dow Jones07-13

0050 GMT - NRW Holdings' bull at UBS thinks the market is overestimating the impact of contractual work at Northern Star's Fimiston project ending in October. UBS assumes a 10% on-year revenue decline in FY27 within NRW's MET division. "We think risk is likely to the upside, with no shortage of work being locked in across Primero, RCR, DIAB and OFI," says UBS, naming several NRW businesses. Looking beyond the near term, UBS thinks there could be meaningful upside from the potential commercialization and widespread take-up of Primero's 'Ali' lithium processing technology. "With 18% EPS compound annual growth over the next 3 years and likely upside risk from topline continuing to be topped up from contact award momentum, we view 11.4x FY27 Ebita as undemanding," UBS says of NRW's stock. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

July 12, 2026 20:50 ET (00:50 GMT)

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Looking beyond the near term, UBS thinks there could be meaningful upside from the potential commercialization and widespread take-up of Primero's 'Ali' lithium processing technology. \"With 18% EPS compound annual growth over the next 3 years and likely upside risk from topline continuing to be topped up from contact award momentum, we view 11.4x FY27 Ebita as undemanding,\" UBS says of NRW's stock. 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UBS assumes a 10% on-year revenue decline in FY27 within NRW's MET division. \"We think risk is likely to the upside, with no shortage of work being locked in across <a href=\"https://laohu8.com/S/PGX.AU\">Primero</a>, RCR, DIAB and OFI,\" says UBS, naming several NRW businesses. Looking beyond the near term, UBS thinks there could be meaningful upside from the potential commercialization and widespread take-up of Primero's 'Ali' lithium processing technology. \"With 18% EPS compound annual growth over the next 3 years and likely upside risk from topline continuing to be topped up from contact award momentum, we view 11.4x FY27 Ebita as undemanding,\" UBS says of NRW's stock. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 12, 2026 20:50 ET (00:50 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0034235071.USD","symbol_name":"PINEBRIDGE EUROPE RESEARCH ENHANCED EQUITY \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2651643471","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2651643471","pubTimestamp":1783903800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0050 GMT - NRW Holdings' bull at UBS thinks the market is overestimating the impact of contractual work at Northern Star's Fimiston project ending in October. UBS assumes a 10% on-year revenue decline in FY27 within NRW's MET division. \"We think risk is likely to the upside, with no shortage of work being locked in across Primero, RCR, DIAB and OFI,\" says UBS, naming several NRW businesses. Looking beyond the near term, UBS thinks there could be meaningful upside from the potential commercialization and widespread take-up of Primero's 'Ali' lithium processing technology. \"With 18% EPS compound annual growth over the next 3 years and likely upside risk from topline continuing to be topped up from contact award momentum, we view 11.4x FY27 Ebita as undemanding,\" UBS says of NRW's stock.  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UBS assumes a 10% on-year revenue decline in FY27 within NRW's MET division. \"We think risk is likely to the upside, with no shortage of work being locked in across Primero, RCR, DIAB and OFI,\" says UBS, naming several NRW businesses. Looking beyond the near term, UBS thinks there could be meaningful upside from the potential commercialization and widespread take-up of Primero's 'Ali' lithium processing technology. \"With 18% EPS compound annual growth over the next 3 years and likely upside risk from topline continuing to be topped up from contact award momentum, we view 11.4x FY27 Ebita as undemanding,\" UBS says of NRW's stock. 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