| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 1/6 |
| Financial Health | 1/6 |
| Dividends | 1/6 |
ALX Overview
Atlas Arteria Limited owns, develops, and operates toll roads.
Atlas Arteria Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$6.38 |
| 52 Week High | AU$5.39 |
| 52 Week Low | AU$7.07 |
| Beta | 0.95 |
| 1 Month Change | -2.45% |
| 3 Month Change | 2.90% |
| 1 Year Change | 7.23% |
| 3 Year Change | -6.59% |
| 5 Year Change | 38.70% |
| Change since IPO | 937.40% |
Recent News & Updates
Is There An Opportunity With Atlas Arteria Limited's (ASX:ALX) 43% Undervaluation?
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Is Atlas Arteria (ASX:ALX) Using Too Much Debt?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Is There An Opportunity With Atlas Arteria Limited's (ASX:ALX) 48% Undervaluation?
How far off is Atlas Arteria Limited ( ASX:ALX ) from its intrinsic value? Using the most recent financial data, we'll...
Shareholder Returns
| ALX | AU Infrastructure | AU Market | |
|---|---|---|---|
| 7D | -1.1% | -0.6% | 0.4% |
| 1Y | 7.2% | 11.1% | 24.3% |
Return vs Industry: ALX underperformed the Australian Infrastructure industry which returned 11.6% over the past year.
Return vs Market: ALX underperformed the Australian Market which returned 24.4% over the past year.
Price Volatility
| ALX volatility | |
|---|---|
| ALX Beta | 0.95 |
| Industry Beta | 0.68 |
| Market Beta | 1 |
Stable Share Price: ALX is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: ALX's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2009 | n/a | Graeme Bevans | https://www.atlasarteria.com |
Atlas Arteria Limited owns, develops, and operates toll roads. It holds a 13.4% interest in 22-kilometer toll road investors partnership II (TRIP II), the concessionaire for Dulles Greenway toll road located in Virginia, the United States. The company was formerly known as Macquarie Atlas Roads Limited and changed its name to Atlas Arteria Limited in May 2018.
Atlas Arteria Fundamentals Summary
| ALX fundamental statistics | |
|---|---|
| Market Cap | AU$6.12b |
| Earnings (TTM) | AU$158.32m |
| Revenue (TTM) | AU$90.58m |
38.6x
P/E Ratio67.5x
P/S RatioIs ALX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ALX income statement (TTM) | |
|---|---|
| Revenue | AU$90.58m |
| Cost of Revenue | AU$42.81m |
| Gross Profit | AU$47.77m |
| Expenses | -AU$110.55m |
| Earnings | AU$158.32m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Feb 24, 2022
| Earnings per share (EPS) | 0.17 |
| Gross Margin | 52.74% |
| Net Profit Margin | 174.79% |
| Debt/Equity Ratio | 43.9% |
How did ALX perform over the long term?
See historical performance and comparisonDividends
4.9%
Current Dividend Yield170%
Payout RatioValuation
Is Atlas Arteria undervalued compared to its fair value and its price relative to the market?
39.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ALX (A$6.38) is trading below our estimate of fair value (A$10.51)
Significantly Below Fair Value: ALX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ALX is poor value based on its PE Ratio (38.6x) compared to the Oceanic Infrastructure industry average (26.7x).
PE vs Market: ALX is poor value based on its PE Ratio (38.6x) compared to the Australian market (20x).
Price to Earnings Growth Ratio
PEG Ratio: ALX is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: ALX's PB Ratio (1.7x) is in line with the AU Infrastructure industry average.
Future Growth
How is Atlas Arteria forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
30.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ALX's forecast earnings growth (30.6% per year) is above the savings rate (1.9%).
Earnings vs Market: ALX's earnings (30.6% per year) are forecast to grow faster than the Australian market (12.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ALX's revenue (16.2% per year) is forecast to grow faster than the Australian market (5.3% per year).
High Growth Revenue: ALX's revenue (16.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ALX's Return on Equity is forecast to be low in 3 years time (13.3%).
Past Performance
How has Atlas Arteria performed over the past 5 years?
-45.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ALX has a large one-off loss of A$42.5M impacting its June 30 2021 financial results.
Growing Profit Margin: ALX became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: ALX's earnings have declined by 45.3% per year over the past 5 years.
Accelerating Growth: ALX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ALX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Infrastructure industry (22.2%).
Return on Equity
High ROE: ALX's Return on Equity (3.9%) is considered low.
Financial Health
How is Atlas Arteria's financial position?
Financial Position Analysis
Short Term Liabilities: ALX's short term assets (A$202.7M) exceed its short term liabilities (A$102.2M).
Long Term Liabilities: ALX's short term assets (A$202.7M) do not cover its long term liabilities (A$1.5B).
Debt to Equity History and Analysis
Debt Level: ALX's debt to equity ratio (43.9%) is considered high.
Reducing Debt: Insufficient data to determine if ALX's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ALX's debt is not well covered by operating cash flow (2.3%).
Interest Coverage: Insufficient data to determine if ALX's interest payments on its debt are well covered by EBIT.
Balance Sheet
Dividend
What is Atlas Arteria current dividend yield, its reliability and sustainability?
4.86%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ALX's dividend (4.86%) is higher than the bottom 25% of dividend payers in the Australian market (2.23%).
High Dividend: ALX's dividend (4.86%) is low compared to the top 25% of dividend payers in the Australian market (5.32%).
Stability and Growth of Payments
Stable Dividend: ALX has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: ALX's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (170.1%), ALX's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ALX's dividends in 3 years are not forecast to be well covered by earnings (91.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average management tenure
CEO
Graeme Bevans (63 yo)
2.5yrs
Tenure
AU$2,368,356
Compensation
Mr. Graeme Francis Bevans serves as Managing Director, Chief Executive Officer and Director at Atlas Arteria Limited since April 1, 2019. Mr. Bevans was a Partner at Alinda Capital Partners LLC since 2010....
CEO Compensation Analysis
Compensation vs Market: Graeme's total compensation ($USD1.78M) is about average for companies of similar size in the Australian market ($USD1.79M).
Compensation vs Earnings: Graeme's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: ALX's management team is considered experienced (2.5 years average tenure).
Board Members
Experienced Board: ALX's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ALX insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Atlas Arteria Limited's employee growth, exchange listings and data sources
Key Information
- Name: Atlas Arteria Limited
- Ticker: ALX
- Exchange: ASX
- Founded: 2009
- Industry: Highways and Railtracks
- Sector: Transportation
- Market Cap: AU$6.119b
- Shares outstanding: 959.02m
- Website: https://www.atlasarteria.com
Location
- Atlas Arteria Limited
- 141 Flinders Lane
- Level 5
- Melbourne
- Victoria
- 3000
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/26 16:25 |
| End of Day Share Price | 2021/10/26 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.