AURIZON HOLDINGS LIMITED (AZJ)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

AZJ

AZJ - AURIZON HOLDINGS LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 3.49
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Aurizon Holdings is Australia's largest freight rail transport company. Formerly a Queensland Government-owned company, it was privatised and floated on the ASX in 2010.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.74

27 Aug
2026

0.000

OPEN

$3.75

0.000

HIGH

$3.76

17,251,642

LOW

$3.70

TARGET
$3.602 -3.7% downside
Franking for last dividend paid out: 90%
OTHER COMPANIES IN THE SAME SECTOR
ACE . AIZ . AQZ . AVD . BWN . BXB . CLX . ERD . FRW . KLS . KSC . LAU . NTD . QAN . SPZ . SST . THL . VGN . WTC .
FNARENA'S MARKET CONSENSUS FORECASTS
AZJ: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 21.1 26.8 xxx
DPS (cps) xxx 23.0 23.8 xxx
EPS Growth xxx 24.4% 26.9% xxx
DPS Growth xxx 46.5% 3.7% xxx
PE Ratio xxx N/A 14.1 xxx
Dividend Yield xxx N/A 6.3% xxx
Div Pay Ratio(%) xxx 109.1% 89.1% xxx

Dividend yield today if purchased 3 years ago: 6.27%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.12

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: 02/03 - ex-div 12.50c (franking 90%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx21.1
DPS All xxxxxxxxxxxxxxx23.0
Sales/Revenue xxxxxxxxxxxxxxx4,097.0 M
Book Value Per Share xxxxxxxxxxxxxxx214.0
Net Operating Cash Flow xxxxxxxxxxxxxxx1,137.0 M
Net Profit Margin xxxxxxxxxxxxxxx8.84 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx9.02 %
Return on Invested Capital xxxxxxxxxxxxxxx4.04 %
Return on Assets xxxxxxxxxxxxxxx3.03 %
Return on Equity xxxxxxxxxxxxxxx9.02 %
Return on Total Capital xxxxxxxxxxxxxxx9.12 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx72.0 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 xxxxxxxxxxxxxxx249 M
Long Term Debt xxxxxxxxxxxxxxx5,380 M
Total Debt xxxxxxxxxxxxxxx5,629 M
Goodwill - Gross xxxxxxxxxxxxxxx57 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx128 M
Price To Book Value xxxxxxxxxxxxxxx1.95

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx751.0 M
Capex % of Sales xxxxxxxxxxxxxxx18.33 %
Cost of Goods Sold xxxxxxxxxxxxxxx3,207 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx17 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx82 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

Morgans

xx/xx/xxxx

3

xxxxxxx xx xxxx xxxx xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

18/08/2026

5

Sell

$3.40

-9.09%

Aurizon Holdings' FY26 underlying EBITDA of $1.72bn was in line with UBS forecasts, with stronger Network earnings offset by modest misses across the above-rail businesses.

FY27 guidance disappointed, with EBITDA of $1.73bn–$1.78bn implying only 0%–3% growth, while dividends of 23c–24cps are below prior expectations and no buyback extension was announced.

The analyst highlights lower contracted coal volumes as the key earnings headwind, with the loss of high-margin take-or-pay income worth an estimated -$60 to -$70m, while around 75mt remains to be recontracted across FY27–FY28.

New Whitehaven Coal ((WHC)) and BMA contracts provide some relief, but the broker sees ongoing recontracting risks and expects dividend growth of only around 1% pa over the next three years.

UBS lowers its target to $3.40 from $3.50 and retains a Sell rating. Dalrymple Bay Infrastructure ((DBI)) and Transurban ((TCL)) are preferred infrastructure exposures.

FORECAST
UBS forecasts a full year FY27 dividend of 23.00 cents and EPS of 27.00 cents.
UBS forecasts a full year FY28 dividend of 24.00 cents and EPS of 25.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
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

20/08/2026

3

Neutral

$3.95

5.61%

Jarden maintains a Neutral rating for Aurizon Holdings with its target price decreased to $3.95 from $4.23 following an FY26 net profit after tax result of $433m in line with consensus.

The analyst highlights that while re-contracting 60mt of critical coal tonnage resolved a recent overhang, FY27 EBITDA and dividend per share guidance missed consensus expectations.

The broker's estimates factor in a meaningful earnings gap in FY27 and FY28 as new coal contract terms reset and the $30m cost-out program takes time to flow through.

Management faces less reliable offsets from other and bulk segments while navigating higher capital expenditure and lower coal earnings assumptions.

The valuation is supported by updated enterprise value to EBITDA comparisons and revised operational forecasts.
Access Extra Coverage Research History >

AZJ STOCK CHART

FNArena News on AZJ

1
Weekly Ratings, Targets, Forecast Changes – 21-08-26

Aug 24 2026 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Aug 20, 2026

Aug 20 2026 - Daily Market Reports
3
Rudi’s View: Beats, Misses And Early AI Signals

Aug 19 2026 - Rudi's View
4
Australian Broker Call *Extra* Edition – Aug 17, 2026

Aug 17 2026 - Daily Market Reports
5
FNArena Corporate Results Monitor – 17-08-2026

Aug 17 2026 - Australia

Latest Transportation & Logistics News

1
Brambles’ Cost Recovery Challenge

May 25 2026 - Australia
2
Undervalued Kelsian Finds Its Way Back

Apr 20 2026 - Small Caps
3
Eroad Promises Profitable Growth Ahead

Oct 02 2025 - Small Caps
4
Can Virgin Succeed This Time?

Jul 23 2025 - Small Caps
5
Contract Wins Support Kelsian Group Optimism

Jun 25 2025 - Small Caps
6
BHP Props Up Aurizon

Jun 18 2025 - Australia
7
Alliance Aviation Cleared For Dividend Takeoff

Dec 16 2024 - Small Caps
8
Brambles’ Slow Start Of Little Concern

Oct 29 2024 - Australia
9
Brambles Leverages Deep Data Analysis

Sep 18 2024 - Australia
10
Aurizon: A Dividend Downer For Investors

Aug 14 2024 - Australia