AURIZON HOLDINGS LIMITED (AZJ)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

AZJ

AZJ - AURIZON HOLDINGS LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 3.68
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Aurizon Holdings is Australia's largest freight rail transport company. Formerly a Queensland Government-owned company, it was privatised and floated on the ASX in 2010.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.08

07 May
2026

-0.060

OPEN

$4.10

-1.45%

HIGH

$4.19

10,767,809

LOW

$4.08

TARGET
$3.628 -11.1% downside
Franking for last dividend paid out: 90%
OTHER COMPANIES IN THE SAME SECTOR
ACE . AIZ . AQZ . AVD . BWN . BXB . CLX . ERD . FRW . KLS . KSC . LAU . NTD . QAN . QUB . SPZ . SST . THL . VGN . WTC .
FNARENA'S MARKET CONSENSUS FORECASTS
AZJ: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 16.9 25.2 xxx
DPS (cps) xxx 15.7 22.6 xxx
EPS Growth xxx - 23.2% 48.9% xxx
DPS Growth xxx - 7.6% 43.8% xxx
PE Ratio xxx N/A 16.1 xxx
Dividend Yield xxx N/A 5.6% xxx
Div Pay Ratio(%) xxx 92.7% 89.5% xxx

Dividend yield today if purchased 3 years ago: 4.46%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.87

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: 01/09 - ex-div 6.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx16.9
DPS All xxxxxxxxxxxxxxx15.7
Sales/Revenue xxxxxxxxxxxxxxx3,869.0 M
Book Value Per Share xxxxxxxxxxxxxxx233.4
Net Operating Cash Flow xxxxxxxxxxxxxxx1,118.0 M
Net Profit Margin xxxxxxxxxxxxxxx7.83 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx7.11 %
Return on Invested Capital xxxxxxxxxxxxxxx3.54 %
Return on Assets xxxxxxxxxxxxxxx2.55 %
Return on Equity xxxxxxxxxxxxxxx7.11 %
Return on Total Capital xxxxxxxxxxxxxxx7.97 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx138.0 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 xxxxxxxxxxxxxxx997 M
Long Term Debt xxxxxxxxxxxxxxx4,504 M
Total Debt xxxxxxxxxxxxxxx5,501 M
Goodwill - Gross xxxxxxxxxxxxxxx57 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx64 M
Price To Book Value xxxxxxxxxxxxxxx1.30

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx696.0 M
Capex % of Sales xxxxxxxxxxxxxxx17.99 %
Cost of Goods Sold xxxxxxxxxxxxxxx3,017 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx91 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx107 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

-0.5

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

18/02/2026

4

Trim

$3.23

-20.83%

Morgans describes Aurizon Holdings' interim results as mixed, with dividend and buyback upgrades outweighing unchanged earnings guidance and the non-sale of the Network business.

The broker notes earnings beat consensus and FY26 dividend guidance lifted to 22-23c from 19-22c, implying a circa 6% yield, alongside a $100m buyback addition.

Coal and Bulk improved, yet the analyst cautions on contract risk, rising costs and a FY28 Network revenue reset.

Morgans retains a Trim rating, given medium-term earnings headwinds combined with high capital intensity. The target is raised to $3.23 from $2.89 on updated forecasts and a valuation roll-forward.

FORECAST
Morgans forecasts a full year FY26 dividend of 23.00 cents and EPS of 25.40 cents.
Morgans forecasts a full year FY27 dividend of 25.70 cents and EPS of 28.60 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

5

xxxxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

Jarden

09/05/2026

3

Downgrade to Neutral from Overweight

$4.15

1.72%

Jarden downgrades Aurizon Holdings to a Neutral rating from Overweight and raises the target price to $4.15 from $3.90 following a trading update highlighting softer coal volumes and fuel cost headwinds.

The broker notes management maintained FY26 underlying EBITDA guidance of $1,680m to $1,750m, expecting earnings to land closer to the midpoint of $1,715m.

A lag in recovering diesel costs within the Bulk and Containerised Freight segments creates a -$10m drag on fourth-quarter earnings, compounding weaker Above Rail coal volumes hampered by weather and customer impacts.

To reflect these pressures alongside revised coal volume growth assumptions of 1.2% for FY26, the report cuts earnings per share forecasts to 24.6c from 25.0c in FY26, and to 28.2c from 28.7c in FY27.

Despite the earnings reductions, the valuation increases due to a re-rating of offshore peer multiples and adjustments to the underlying discount rate model.

FORECAST
Jarden forecasts a full year FY26 dividend of 22.30 cents and EPS of 24.60 cents.
Jarden forecasts a full year FY27 dividend of 26.70 cents and EPS of 28.20 cents.
Access Extra Coverage Research History >

AZJ STOCK CHART

FNArena News on AZJ

1
Rudi’s View: Stagflation, No Recession

Apr 30 2026 - Rudi's View
2
Rudi’s View: Top Picks & Conviction Buys

Mar 19 2026 - Rudi's View
3
Rudi’s View: Oil, Inflation, Growth & Stagflation

Mar 18 2026 - Rudi's View
4
February 2026 Results – The Wrap

Mar 13 2026 - Feature Stories
5
Rudi’s View: A Season Of Large Cap Winners

Mar 04 2026 - Rudi's View

Latest Transportation & Logistics News

1
Undervalued Kelsian Finds Its Way Back

Apr 20 2026 - Small Caps
2
Eroad Promises Profitable Growth Ahead

Oct 02 2025 - Small Caps
3
Can Virgin Succeed This Time?

Jul 23 2025 - Small Caps
4
Contract Wins Support Kelsian Group Optimism

Jun 25 2025 - Small Caps
5
BHP Props Up Aurizon

Jun 18 2025 - Australia
6
Alliance Aviation Cleared For Dividend Takeoff

Dec 16 2024 - Small Caps
7
Brambles’ Slow Start Of Little Concern

Oct 29 2024 - Australia
8
Brambles Leverages Deep Data Analysis

Sep 18 2024 - Australia
9
Aurizon: A Dividend Downer For Investors

Aug 14 2024 - Australia
10
Treasure Chest: Qantas Airways

Jul 15 2024 - Treasure Chest