ORI
ORI: Explosives Giant - Technology Moat Meets Mining Cycle Reality
Updated 14 Nov 2025
Orica at $21.72 vs fair value $17.47 (24% premium). Market leader (27% share) with wide moat from WebGen technology and scale advantages. ROIC 13.8% vs WACC 9.7%. Digital Solutions accelerating 34% CAGR. Mid-cycle positioning provides 24-36 month runway before downturn.
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