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

$13.81

29 Apr
2026

-0.050

OPEN

$13.93

-0.36%

HIGH

$13.94

4,389,992

LOW

$13.75

TARGET
$14.345 3.9% 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 33.4 xxx
DPS (cps) xxx 65.0 69.1 xxx
EPS Growth xxx - 59.4% 100.0% xxx
DPS Growth xxx 4.8% 6.3% xxx
PE Ratio xxx N/A 41.9 xxx
Dividend Yield xxx N/A 4.9% xxx
Div Pay Ratio(%) xxx 1518.7% 206.7% xxx

Dividend yield today if purchased 3 years ago: 4.34%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.64

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-div 34c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 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

0.4

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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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/xxxx)

xx.xx%

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Ord Minnett

10/04/2026

2

Accumulate

$13.90

0.65%

Transurban Group's reported March quarter average daily traffic growth of 3% came in below Ord Minnett and consensus expectations for second-half FY26 growth of 5%. It's noted large vehicle volumes continue to outperform passenger traffic.

Softer-than-expected growth is attributed to a challenging consumer environment, including rising inflation, mortgage rates and higher fuel prices.

Some weakness was evident in Brisbane and Melbourne following the escalation of Middle East tensions, the analyst notes.

Despite near-term pressure on volumes, Ord Minnett highlights more than 90% of revenue is supported by CPI-linked or fixed toll increases, providing longer-term earnings resilience.

Ord Minnett retains an Accumulate rating and lowers its target to $13.90 from $14.10.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$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

13/04/2026

3

Neutral

$12.90

-6.59%

Jarden maintains a Neutral rating on Transurban Group and lowers the target price to $12.90 from $13.50 following a mixed March quarter traffic update.

The broker observes that Australian traffic volumes were below expectations, particularly in Melbourne and Sydney, while North American volumes remained strong.

Significant uncertainty is noted regarding the final quarter's traffic outlook due to higher fuel prices and potential diesel restrictions, although higher inflation-linked tolls could offset the revenue impact.

Operating EBITDA and free cash flow estimates for 2026 and 2027 have been revised down by up to -2.1% to reflect near-term traffic risks.

Financial forecasts for earnings per share have also been lowered across the forecast period.

FORECAST
Jarden forecasts a full year FY26 dividend of 69.00 cents and EPS of 15.90 cents.
Jarden forecasts a full year FY27 dividend of 72.00 cents and EPS of 22.10 cents.
Access Extra Coverage Research History >

TCL STOCK CHART

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