TRANSURBAN GROUP LIMITED (TCL)
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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

$14.20

26 May
2025

0.000

OPEN

$14.20

0.000

HIGH

$14.20

0

LOW

$14.20

TARGET
$13.832 -2.6% 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 31.0 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 45.8 xxx
Dividend Yield xxx N/A 4.6% xxx
Div Pay Ratio(%) xxx 587.7% 209.5% xxx

Dividend yield today if purchased 3 years ago: 4.28%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.37

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

09/05/2025

3

Equal-weight

$13.66

-3.80%

Morgan Stanley expects a slightly positive response to Transurban Group's announcement to cut costs by -$50m in FY26 against a backdrop of ongoing toll road negotiations in NSW.

The group has flagged a reduction of around -300 positions in FY25, which is circa -7% of the workforce, while management reiterated FY25 guidance and DPS of 65c.

The broker estimates a FY26 DPS of 68c is covered by free cash flow at a rate of 107%, which compares to consensus at 68.7c per share.

Target price is $13.66. Equal-weight unchanged. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 65.00 cents and EPS of 28.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 68.00 cents and EPS of 21.00 cents.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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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

-4.23%

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 FY25 dividend of 65.00 cents and EPS of 15.40 cents.
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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