AURIZON HOLDINGS LIMITED (AZJ)
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AZJ - AURIZON HOLDINGS LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 3.3
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

$3.43

22 Nov
2024

0.030

OPEN

$3.42

0.88%

HIGH

$3.45

6,170,739

LOW

$3.40

TARGET
$3.473 1.3% upside
Franking for last dividend paid out: 60%
OTHER COMPANIES IN THE SAME SECTOR
ACE . AIZ . AQZ . AVD . BXB . CLX . ERD . KLS . KSC . LAU . NTD . QAN . QUB . SLH . SPZ . SST . THL . WTC . Z2U .
FNARENA'S MARKET CONSENSUS FORECASTS
AZJ: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 22.1 24.3 xxx
DPS (cps) xxx 17.0 19.7 xxx
EPS Growth xxx 47.2% 10.2% xxx
DPS Growth xxx 13.3% 15.8% xxx
PE Ratio xxx N/A 14.1 xxx
Dividend Yield xxx N/A 5.7% xxx
Div Pay Ratio(%) xxx 77.1% 81.0% xxx

Dividend yield today if purchased 3 years ago: 4.94%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.96

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: 26/08 - ex-div 7.30c (franking 60%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx22.1
DPS All xxxxxxxxxxxxxxx17.0
Sales/Revenue xxxxxxxxxxxxxxx3,756.0 M
Book Value Per Share xxxxxxxxxxxxxxx241.1
Net Operating Cash Flow xxxxxxxxxxxxxxx1,274.0 M
Net Profit Margin xxxxxxxxxxxxxxx10.81 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx9.24 %
Return on Invested Capital xxxxxxxxxxxxxxx4.62 %
Return on Assets xxxxxxxxxxxxxxx3.43 %
Return on Equity xxxxxxxxxxxxxxx9.24 %
Return on Total Capital xxxxxxxxxxxxxxx8.71 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx147.0 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx979 M
Long Term Debt xxxxxxxxxxxxxxx4,104 M
Total Debt xxxxxxxxxxxxxxx5,083 M
Goodwill - Gross xxxxxxxxxxxxxxx50 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx49 M
Price To Book Value xxxxxxxxxxxxxxx1.51

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx823.0 M
Capex % of Sales xxxxxxxxxxxxxxx21.91 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,907 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx15 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx99 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

0.0

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

13/08/2024

3

Hold

$3.42

-0.29%

Aurizon Holdings' FY24 EPS missed consensus forecasts by -24% due to higher than guided interest charges, weaker earnings (EBITDA) and a rise in depreciation and amortisation. FY25 guidance also disappointed. 

A sell-off ensued and Morgans surmises this most likely reflects the -9% dividend disappointment, despite management announcing a $150m buyback.

The broker observes rising maintenance capital expenditure and continuing concerns about the quality of earnings.

EPS forecasts fall -11% in FY25; -16% in FY26; and -7% in FY27. DPS forecasts fall -3% to -16% across FY25-FY27, maintaining an assumed EPS payout ratio of 80% (consensus had been expecting better).

Hold rating retained. Target price falls to $3.42 from $3.77.

FORECAST
Morgans forecasts a full year FY25 dividend of 20.00 cents and EPS of 24.00 cents.
Morgans forecasts a full year FY26 dividend of 23.00 cents and EPS of 28.00 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxxxx xx xxxxx-xxxxxx xxxx xxxxxxxxxxx

$xx.xx

xx.xx%

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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

09/09/2024

4

Underweight

$3.25

-5.25%

Jarden deconstructs the market expectations for Aurizon Holdings from its 2021 strategy day when management set a baseline EBITDA growth rate for Bulk and OneRail.

Due to differences in earnings growth before and after interest/tax, the broker believes consensus earnings have been too high for Bulk with average EBIT growth outlook cut by around -20% since FY24 out to FY27.

The broker notes EPS forecasts sit around -4% and -5% compared to consensus for FY25/FY26, respectively.

Underweight rating and $3.25 target unchanged.

FORECAST
Jarden forecasts a full year FY25 dividend of 19.20 cents and EPS of 23.90 cents.
Jarden forecasts a full year FY26 dividend of 20.90 cents and EPS of 26.00 cents.
Access Extra Coverage Research History >

AZJ STOCK CHART

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