TRANSURBAN GROUP LIMITED (TCL)
Share Price Analysis and Chart

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TCL

TCL - TRANSURBAN GROUP LIMITED

FNArena Sector : Infrastructure & Utilities
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 9.25
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Transurban is one of the world's largest toll-road operators. It manages and develops urban toll road networks in Australia, Canada and the US. It first listed on the ASX in 1996.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$14.38

02 May
2025

0.120

OPEN

$14.23

0.84%

HIGH

$14.38

4,705,011

LOW

$14.19

TARGET
$13.596 -5.5% downside
OTHER COMPANIES IN THE SAME SECTOR
AGL . AIA . ALX . APA . CEN . DBI . DBI . GNE . GNP . MEZ . ORG . SRJ .
FNARENA'S MARKET CONSENSUS FORECASTS
TCL: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 10.6 32.4 xxx
DPS (cps) xxx 62.0 65.0 xxx
EPS Growth xxx 100.0% 100.0% xxx
DPS Growth xxx 6.9% 4.8% xxx
PE Ratio xxx N/A 44.7 xxx
Dividend Yield xxx N/A 4.5% xxx
Div Pay Ratio(%) xxx 587.7% 200.6% xxx

Dividend yield today if purchased 3 years ago: 4.21%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.28

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: 30/12 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx10.6
DPS All xxxxxxxxxxxxxxx62.0
Sales/Revenue xxxxxxxxxxxxxxx4,119.0 M
Book Value Per Share xxxxxxxxxxxxxxx357.0
Net Operating Cash Flow xxxxxxxxxxxxxxx2,149.0 M
Net Profit Margin xxxxxxxxxxxxxxx7.91 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx2.76 %
Return on Invested Capital xxxxxxxxxxxxxxx1.08 %
Return on Assets xxxxxxxxxxxxxxx0.86 %
Return on Equity xxxxxxxxxxxxxxx2.76 %
Return on Total Capital xxxxxxxxxxxxxxx3.42 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx302.0 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 xxxxxxxxxxxxxxx1,413 M
Long Term Debt xxxxxxxxxxxxxxx18,538 M
Total Debt xxxxxxxxxxxxxxx19,951 M
Goodwill - Gross xxxxxxxxxxxxxxx466 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,041 M
Price To Book Value xxxxxxxxxxxxxxx3.47

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1,116.0 M
Capex % of Sales xxxxxxxxxxxxxxx27.09 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,840 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx190 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx12,863 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

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

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Citi

22/04/2025

3

Neutral

$14.00

-2.64%

Citi notes Transurban Group's 3Q25 traffic update shows a 1.8% y/y rise, with NSW slightly down sequentially but Melbourne higher, and North American traffic maintaining decent growth. Brisbane was lower but this was expected due to the cyclone impact.

The broker highlights the company is a defensive exposure in an uncertain macro environment but some downside pressure to near-term cash flow is likely. FY25 dividend forecast cut slightly on lower traffic forecast, but FY26-27 lifted as higher traffic is expected to offset higher finance costs.

Next catalyst NSW toll review.

Neutral retained. Target rises to $14.00 from $13.80.

FORECAST
Citi forecasts a full year FY25 dividend of 65.00 cents and EPS of 7.40 cents.
Citi forecasts a full year FY26 dividend of 69.30 cents and EPS of 11.30 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

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

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

12/03/2025

3

Neutral

$12.40

-13.77%

Jarden notes Transurban Group has partnered with Ferrovial's Cintra for a greenfield opportunity in NorthAmerica and has been shortlisted as one of the four consortiums. It is the I-285 East Express Lanes project in Georgia that involves delivery of 19 miles of barrier-separated lanes.

Jarden believes the move to greenfield development and collaboration with a competitor is positive for Transurban. The broker also notes that opting for a minority stake shows financial discipline.

No change to forecasts. Target price unchanged at $12.40, and rating stays at Neutral.

FORECAST
Jarden forecasts a full year FY25 dividend of 65.00 cents and EPS of 16.40 cents.
Jarden forecasts a full year FY26 dividend of 68.00 cents and EPS of 24.10 cents.
Access Extra Coverage Research History >

TCL STOCK CHART

FNArena News on TCL

1
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Apr 30 2025 - Rudi's View
2
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Apr 09 2025 - Rudi's View
3
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Mar 20 2025 - ESG Focus
4
Australian Broker Call *Extra* Edition – Mar 12, 2025

Mar 12 2025 - Daily Market Reports
5
Rudi’s View: To Sell Or Not To Sell

Mar 06 2025 - Rudi's View

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