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: 29.2
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

$5.09

27 Jun
2025

0.030

OPEN

$5.08

0.59%

HIGH

$5.15

2,173,708

LOW

$5.07

TARGET
$5.376 5.6% upside
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 FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 19.0 32.9 xxx
DPS (cps) xxx 40.0 40.0 xxx
EPS Growth xxx 7.4% 73.5% xxx
DPS Growth xxx 0.0% 0.0% xxx
PE Ratio xxx N/A 15.5 xxx
Dividend Yield xxx N/A 7.9% xxx
Div Pay Ratio(%) xxx 210.7% 121.5% xxx

Dividend yield today if purchased 3 years ago: 4.92%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.86

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-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx19.0
DPS All xxxxxxxxxxxxxxx40.0
Sales/Revenue xxxxxxxxxxxxxxx145.9 M
Book Value Per Share xxxxxxxxxxxxxxx435.1
Net Operating Cash Flow xxxxxxxxxxxxxxx717.9 M
Net Profit Margin xxxxxxxxxxxxxxx188.69 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx4.39 %
Return on Invested Capital xxxxxxxxxxxxxxx3.46 %
Return on Assets xxxxxxxxxxxxxxx3.37 %
Return on Equity xxxxxxxxxxxxxxx4.39 %
Return on Total Capital xxxxxxxxxxxxxxx-0.09 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx136.4 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 xxxxxxxxxxxxxxx113 M
Long Term Debt xxxxxxxxxxxxxxx1,736 M
Total Debt xxxxxxxxxxxxxxx1,848 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx352 M
Price To Book Value xxxxxxxxxxxxxxx1.09

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1.1 M
Capex % of Sales xxxxxxxxxxxxxxx0.75 %
Cost of Goods Sold xxxxxxxxxxxxxxx124 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx30 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx5,632 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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Morgans

24/04/2025

3

Hold

$5.09

0%

Atlas Arteria reported 1Q25 traffic and toll revenue data, which rose 1.4% and 4%, respectively, on the previous quarter. Morgans views the results as below expectations, and average revenue per trip growth was less than forecast.

The decline in the AUD/EUR exchange rate by around -6% boosted the analyst's forecast of distribution receipts from APRR (Autoroutes Paris-Rhin-Rhône) on translation to AUD.

For Chicago Skyway, which represents around 27% of the company's valuation, traffic declined by -1.7%, but revenue rose by 4.5% on the prior quarter. Both results were again below the broker's estimates.

Dulles Greenway, around 6% of the valuation, reported traffic and toll revenue up 6.4% and 5.9%, respectively, on the previous period.

No change to Hold rating. Target price rises to $5.09 from $4.60.

FORECAST
Morgans forecasts a full year FY25 dividend of 40.00 cents.
Morgans forecasts a full year FY26 dividend of 40.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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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

03/02/2025

-1

No Rating

-

Jarden notes Atlas Arteria's 4Q24 update showed traffic and revenue continue to improve with a weighted average of 2.9% and 6.9% for traffic and revenue growth respectively.

Based on FY24 distribution guidance of 40c, the company currently trades on an 8.2% distribution yield, equating to 370bps spread over Australian 10-yr bond yield. Listed peer Transurban ((TCL)) with 4.9% distribution yield trades at a narrower 17bps spread but Atlas' yield reflects its higher risk profile, Jarden highlights.

Atlas' traffic result has minimal implication for Transurban, the broker notes. Jarden is under research restriction, so no rating and no target price.
Access Extra Coverage Research History >

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