Downer EDI Ltd (DOW.NZ)

Downer EDI Ltd (DOW.NZ) — VMCI valuation read

Downer EDI Ltd sits at VMCI 66/100, with the Industrials sector median at 50. That 16-point spread is the first thing to note on DOW.NZ: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on DOW.NZ are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on DOW.NZ: DOW.NZ trades at 24.0x earnings, 33% above the Industrials median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 16.0% sits 6.0pp above the Industrials median (10.0%). The Risk read: net debt to EBITDA of 2.6x is the rate-sensitivity line to watch, anchoring the bear scenario on a measurable balance-sheet metric.

DOW.NZ fell 1.8% over the trailing 7 days, with a +5.9% read on a 30-day basis.