ATLAS ARTERIA (ALX)
Share Price Analysis and Chart

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ALX - ATLAS ARTERIA

FNArena Sector : Infrastructure & Utilities
Year End: December
GICS Industry Group : Transportation
Debt/EBITDA: 26.84
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

$5.27

15 Apr
2024

-0.050

OPEN

$5.30

-0.94%

HIGH

$5.33

1,470,524

LOW

$5.23

TARGET
$5.67 7.6% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
AGL . AIA . APA . CEN . DBI . DBI . GNP . MEZ . ORG . SRJ . TCL .
FNARENA'S MARKET CONSENSUS FORECASTS
ALX: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 45.7 xxx
DPS (cps) xxx N/A 40.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 11.5 xxx
Dividend Yield xxx N/A 7.6% xxx
Div Pay Ratio(%) xxx N/A 87.6% xxx

Dividend yield today if purchased 3 years ago: 6.67%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

7.52

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: 26/03 - ex-div 20c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx17.7
DPS All xxxxxxxxxxxxxxx40.0
Sales/Revenue xxxxxxxxxxxxxxx134.0 M
Book Value Per Share xxxxxxxxxxxxxxx429.8
Net Operating Cash Flow xxxxxxxxxxxxxxx713.6 M
Net Profit Margin xxxxxxxxxxxxxxx191.27 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx4.03 %
Return on Invested Capital xxxxxxxxxxxxxxx3.21 %
Return on Assets xxxxxxxxxxxxxxx3.13 %
Return on Equity xxxxxxxxxxxxxxx4.03 %
Return on Total Capital xxxxxxxxxxxxxxx-0.06 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx132.4 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx102 M
Long Term Debt xxxxxxxxxxxxxxx1,619 M
Total Debt xxxxxxxxxxxxxxx1,721 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx305 M
Price To Book Value xxxxxxxxxxxxxxx1.34

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx0.8 M
Capex % of Sales xxxxxxxxxxxxxxx0.60 %
Cost of Goods Sold xxxxxxxxxxxxxxx118 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx22 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx5,547 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

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

01/03/2024

3

Hold

$5.63

6.83%

Morgans makes no material changes to its forecasts for Atlas Arteria following broadly in-line 2H results.

The broker feels surplus cash and another capital release over time can make up the potentail shortfall if cashflow remains below FY24 DPS guidance in coming years. 

While the FY24 dividend guidance for 40cps shouldn't surprise followers of the stock, the analyst believes the broader market may be disappointed 7-8cps of cash on hand will be required to support the payout.

Morgans predicts a 40cps dividend could be sustained for the rest of the decade, based on the broker's underlying free cashflow forecasts.

The Hold rating is unchanged and the target rises to $5.63 from $5.61.

FORECAST
Morgans forecasts a full year FY24 dividend of 40.00 cents.
Morgans forecasts a full year FY25 dividend of 40.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

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