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: 9.89
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

$14.32

08 Sep
2025

-0.050

OPEN

$14.26

-0.35%

HIGH

$14.36

2,682,122

LOW

$14.25

TARGET
$14.398 0.5% upside
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 FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 4.3 29.8 xxx
DPS (cps) xxx 65.0 69.2 xxx
EPS Growth xxx - 59.4% 100.0% xxx
DPS Growth xxx 4.8% 6.4% xxx
PE Ratio xxx N/A 48.1 xxx
Dividend Yield xxx N/A 4.8% xxx
Div Pay Ratio(%) xxx 1518.7% 232.3% xxx

Dividend yield today if purchased 3 years ago: 4.70%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.52

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: 30/12 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx4.3
DPS All xxxxxxxxxxxxxxx65.0
Sales/Revenue xxxxxxxxxxxxxxx3,942.0 M
Book Value Per Share xxxxxxxxxxxxxxx295.0
Net Operating Cash Flow xxxxxxxxxxxxxxx2,144.0 M
Net Profit Margin xxxxxxxxxxxxxxx3.37 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx1.32 %
Return on Invested Capital xxxxxxxxxxxxxxx0.46 %
Return on Assets xxxxxxxxxxxxxxx0.36 %
Return on Equity xxxxxxxxxxxxxxx1.32 %
Return on Total Capital xxxxxxxxxxxxxxx3.40 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx225.0 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 xxxxxxxxxxxxxxx1,840 M
Long Term Debt xxxxxxxxxxxxxxx19,534 M
Total Debt xxxxxxxxxxxxxxx21,374 M
Goodwill - Gross xxxxxxxxxxxxxxx466 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,777 M
Price To Book Value xxxxxxxxxxxxxxx4.74

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx907.0 M
Capex % of Sales xxxxxxxxxxxxxxx23.01 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,715 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx163 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx12,546 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

0.3

No. Of Recommendations

6
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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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

21/08/2025

2

Accumulate

$14.50

1.26%

Transurban Group’s FY25 earnings (EBITDA) were in line with forecasts by Ord Minnett and consensus.

Management guides to FY26 distribution growth of 6%. Operating margins reached record levels in FY25, highlights the analyst, supported by tight cost control. FY26 underlying cost growth is expected to remain below inflation.

The broker forecasts a rise/worsening of operating costs of around -4% in FY26, half from underlying costs and half from the opening of Melbourne’s West Gate Tunnel. 

Management pointed to a -$13bn project pipeline in FY26, alongside another -$10bn in identified developments in the US and Brisbane.

Ord Minnett raises its FY26 and FY27 proportional earnings forecasts by 10% and 9%, respectively, with only minor dividend upgrades. The broker lifts its target price to $14.50 from $14.00 and retains an Accumulate rating.

Morgans

xx/xx/xxxx

4

xxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

UBS

xx/xx/xxxx

1

xxx

$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

15/05/2025

3

Neutral

$13.60

-5.03%

Transurban Group announced a cost management program via -300 job cuts that will provide annualised cost savings of over $50m. 

Jarden notes this represents around -14% of the workforce and its estimate of $56.4m cost savings is in line with the company's forecast.

FY25-29 EBITDA forecast lifted by 0.3% after factoring in net annualised cost savings and recent softer March traffic update.

Neutral. Target rises to $13.60 from $12.40.

FORECAST
Jarden forecasts a full year FY26 dividend of 69.00 cents and EPS of 23.40 cents.
Access Extra Coverage Research History >

TCL STOCK CHART

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