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: 9.26
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

$13.90

27 Aug
2026

0.020

OPEN

$13.95

0.14%

HIGH

$13.96

4,544,755

LOW

$13.76

TARGET
$14.052 1.1% upside
OTHER COMPANIES IN THE SAME SECTOR
AGL . AIA . ALX . APA . CEN . DBI . DBI . GNE . GNP . LGI . MEZ . ORG . SRJ .
FNARENA'S MARKET CONSENSUS FORECASTS
TCL: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 11.8 37.0 xxx
DPS (cps) xxx 69.0 72.1 xxx
EPS Growth xxx 100.0% 100.0% xxx
DPS Growth xxx 6.2% 4.5% xxx
PE Ratio xxx N/A 37.9 xxx
Dividend Yield xxx N/A 5.2% xxx
Div Pay Ratio(%) xxx 587.2% 195.1% xxx

Dividend yield today if purchased 3 years ago: 5.20%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.93

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: 29/06 - (franking ex-div 35.00c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx11.8
DPS All xxxxxxxxxxxxxxx69.0
Sales/Revenue xxxxxxxxxxxxxxx3,848.0 M
Book Value Per Share xxxxxxxxxxxxxxx247.5
Net Operating Cash Flow xxxxxxxxxxxxxxx2,064.0 M
Net Profit Margin xxxxxxxxxxxxxxx9.51 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx4.33 %
Return on Invested Capital xxxxxxxxxxxxxxx1.31 %
Return on Assets xxxxxxxxxxxxxxx1.02 %
Return on Equity xxxxxxxxxxxxxxx4.33 %
Return on Total Capital xxxxxxxxxxxxxxx3.68 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-13.0 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx1,262 M
Long Term Debt xxxxxxxxxxxxxxx19,647 M
Total Debt xxxxxxxxxxxxxxx20,909 M
Goodwill - Gross xxxxxxxxxxxxxxx466 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,125 M
Price To Book Value xxxxxxxxxxxxxxx5.81

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx422.0 M
Capex % of Sales xxxxxxxxxxxxxxx10.97 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,631 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx120 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx11,321 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

-0.1

No. Of Recommendations

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

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

4

xxxx

$xx.xx

xx.xx%

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UBS

14/08/2026

3

Neutral

$14.40

3.60%

Transurban Group grew traffic 1.4% in FY26 with proportional toll revenue up 6.7% and proportional operating EBITDA up 7.5%. The outcome was mixed compared with UBS estimates with EBITDA slightly below and free cash flow, up 5.1%, slightly above.

By market, North America was the highlight, growing EBITDA 19%, with Melbourne lagging as the West Gate Tunnel did not show any improvement since February.

The company's willingness to pay a FY27 distribution, with guidance set at $0.72, implies for the broker an expectation that dislocations to free cash flow generation are temporary.

Group free cash flow coverage is now forecast at 95% in FY27 and 99% in FY28. Neutral retained. Target is reduced to $14.40 from $14.50.

FORECAST
UBS forecasts a full year FY27 dividend of 72.00 cents and EPS of 25.00 cents.
UBS forecasts a full year FY28 dividend of 76.00 cents and EPS of 33.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

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

17/06/2026

4

Downgrade to Underweight from Neutral

$13.10

-5.76%

Jarden downgrades Transurban Group to Underweight from Neutral as the stock is now trading at a forecast 4.7% FY27 yield, below the Australian government 10-year bond yield at 4.90%.

The broker also highlights the risks to the fourth quarter traffic outlook as a result of geopolitical and macroeconomic uncertainty although acknowledges the update on April volumes was better than expected.

FY26 free cash flow estimates are marginally increased, reflecting FX effects and higher toll prices in the US, which drives a slight increase to the target, to $13.10 from $12.90.

FORECAST
Jarden forecasts a full year FY27 dividend of 72.00 cents and EPS of 22.30 cents.
Access Extra Coverage Research History >

TCL STOCK CHART

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1
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