ATLAS ARTERIA (ALX)
Share Price Analysis and Chart

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ALX

ALX - ATLAS ARTERIA

FNArena Sector : Infrastructure & Utilities
Year End: December
GICS Industry Group : Transportation
Debt/EBITDA: 26.73
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Atlas Arteria, formerly known as Macquarie Atlas Roads, is a global owner, operator and developer of toll roads. It was created and listed in 2010 following the restructuring of the Macquarie Infrastructure Group.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.78

08 May
2026

-0.020

OPEN

$4.78

-0.42%

HIGH

$4.82

1,652,018

LOW

$4.78

TARGET
$4.667 -2.4% downside
OTHER COMPANIES IN THE SAME SECTOR
AGL . AIA . APA . CEN . DBI . DBI . GNE . GNP . MEZ . ORG . SRJ . TCL .
FNARENA'S MARKET CONSENSUS FORECASTS
ALX: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 17.9 35.7 xxx
DPS (cps) xxx 40.0 40.0 xxx
EPS Growth xxx - 5.7% 99.4% xxx
DPS Growth xxx 0.0% 0.0% xxx
PE Ratio xxx N/A 13.4 xxx
Dividend Yield xxx N/A 8.4% xxx
Div Pay Ratio(%) xxx 223.6% 112.1% xxx

Dividend yield today if purchased 3 years ago: 6.13%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 8.35

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 24/09 - (franking ex-div 20c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx17.9
DPS All xxxxxxxxxxxxxxx40.0
Sales/Revenue xxxxxxxxxxxxxxx160.0 M
Book Value Per Share xxxxxxxxxxxxxxx399.9
Net Operating Cash Flow xxxxxxxxxxxxxxx614.0 M
Net Profit Margin xxxxxxxxxxxxxxx162.19 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx4.28 %
Return on Invested Capital xxxxxxxxxxxxxxx3.36 %
Return on Assets xxxxxxxxxxxxxxx3.25 %
Return on Equity xxxxxxxxxxxxxxx4.28 %
Return on Total Capital xxxxxxxxxxxxxxx-0.10 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx33.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx107 M
Long Term Debt xxxxxxxxxxxxxxx1,615 M
Total Debt xxxxxxxxxxxxxxx1,722 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx274 M
Price To Book Value xxxxxxxxxxxxxxx1.22

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx0.6 M
Capex % of Sales xxxxxxxxxxxxxxx0.38 %
Cost of Goods Sold xxxxxxxxxxxxxxx147 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx21 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx5,311 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.2

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxxxxx xx xxxx xxxx xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

28/04/2026

1

Outperform

$5.02

5.02%

Macquarie points to the IFM bid for Atlas Arteria at $4.75 with an uplift to $5.10 if it reaches 45%-plus holding in the toll road operator. The current shareholding sits at around 34.5%.

The broker doesn't view the "best and final price" is $5.10 rather it reflects a means to obtain more than just a 3% creep on the share register rather than a full takeover.

Notably IFM made a non-binding indicative bid of $8.10 in June 2022 which was rejected by Atlas Arteria and when adjusted for dividends and Skyway rights issue dilution, the analyst estimates the equivalent price is $6.15.

If IFM's bid goes ahead, and change of control is managed, Macquarie believes growth ambitions will be removed and a refocus on the existing toll road business will be put in place.

Outperform rating and $5.02 target unchanged.

FORECAST
Macquarie forecasts a full year FY26 dividend of 40.00 cents and EPS of 57.90 cents.
Macquarie forecasts a full year FY27 dividend of 37.50 cents and EPS of 62.90 cents.

Ord Minnett

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY
Access Extra Coverage Research History >

ALX STOCK CHART

FNArena News on ALX

1
Weekly Ratings, Targets, Forecast Changes – 08-05-26

2:36 PM - Weekly Reports
2
Weekly Ratings, Targets, Forecast Changes – 01-05-26

May 04 2026 - Weekly Reports
3
Next Week At A Glance – 4-8 May 2026

May 01 2026 - Weekly Reports
4
Rudi’s View: Stagflation, No Recession

Apr 30 2026 - Rudi's View
5
Next Week At A Glance – 7-10 Apr 2026

Apr 03 2026 - Weekly Reports

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