Transurban Group develops, operates, manages, maintains, and finances urban toll road networks.
Moderate growth potential second-rate dividend payer.
Share Price & News
How has Transurban Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TCL has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TCL matched the Australian Infrastructure industry which returned 23.3% over the past year.
Return vs Market: TCL exceeded the Australian Market which returned 10.9% over the past year.
Price Volatility Vs. Market
How volatile is Transurban Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall StIs Transurban Group (ASX:TCL) Overpaying Its CEO?
1 month ago | Simply Wall StShould You Worry About Transurban Group’s (ASX:TCL) ROCE?
1 month ago | Simply Wall StTransurban Group (ASX:TCL) Takes On Some Risk With Its Use Of Debt
Is Transurban Group undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TCL (A$15.41) is trading above our estimate of fair value (A$13.14)
Significantly Below Fair Value: TCL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TCL is poor value based on its PE Ratio (179.8x) compared to the Infrastructure industry average (28.5x).
PE vs Market: TCL is poor value based on its PE Ratio (179.8x) compared to the Australian market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: TCL is poor value based on its PEG Ratio (4.9x)
Price to Book Ratio
PB vs Industry: TCL is overvalued based on its PB Ratio (4.9x) compared to the AU Infrastructure industry average (1.8x).
How is Transurban Group forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TCL's forecast earnings growth (36.4% per year) is above the savings rate (1.1%).
Earnings vs Market: TCL's earnings (36.4% per year) are forecast to grow faster than the Australian market (9.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TCL's revenue (2.3% per year) is forecast to grow slower than the Australian market (4.1% per year).
High Growth Revenue: TCL's revenue (2.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TCL's Return on Equity is forecast to be low in 3 years time (16.5%).
How has Transurban Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TCL has a large one-off loss of A$11.0M impacting its December 31 2019 financial results.
Growing Profit Margin: TCL's current net profit margins (5.5%) are lower than last year (7.3%).
Past Earnings Growth Analysis
Earnings Trend: TCL's earnings have grown significantly by 34.3% per year over the past 5 years.
Accelerating Growth: TCL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TCL had negative earnings growth (-16.3%) over the past year, making it difficult to compare to the Infrastructure industry average (-16.3%).
Return on Equity
High ROE: TCL's Return on Equity (2%) is considered low.
Return on Assets
Return on Capital Employed
How is Transurban Group's financial position?
Financial Position Analysis
Short Term Liabilities: TCL's short term assets (A$2.3B) do not cover its short term liabilities (A$4.7B).
Long Term Liabilities: TCL's short term assets (A$2.3B) do not cover its long term liabilities (A$21.8B).
Debt to Equity History and Analysis
Debt Level: TCL's debt to equity ratio (208.6%) is considered high.
Reducing Debt: TCL's debt to equity ratio has increased from 174.9% to 208.6% over the past 5 years.
Debt Coverage: TCL's debt is not well covered by operating cash flow (6.6%).
Interest Coverage: TCL's interest payments on its debt are not well covered by EBIT (1.3x coverage).
Inventory Level: TCL has a low level of unsold assets or inventory.
Debt Coverage by Assets: TCL's debt is not covered by short term assets (assets are 0.1x debt).
What is Transurban Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: TCL's dividend (4.02%) is higher than the bottom 25% of dividend payers in the Australian market (2.44%).
High Dividend: TCL's dividend (4.02%) is low compared to the top 25% of dividend payers in the Australian market (5.53%).
Stability and Growth of Payments
Stable Dividend: TCL's dividends per share have been stable in the past 10 years.
Growing Dividend: TCL's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (711.7%), TCL's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TCL's dividends in 3 years are not forecast to be well covered by earnings (405.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Scott Charlton (54yo)
Mr. Scott Charlton, BSci, BEng (Elec), MBA, Member of FEI, FTA, has been the Chief Executive Officer at Transurban Ltd., and Transurban Group since July 16, 2012. Mr. Charlton has been the Chief Executive ...
CEO Compensation Analysis
Compensation vs Market: Scott's total compensation ($USD4.73M) is about average for companies of similar size in the Australian market ($USD3.69M).
Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.
|CEO & Executive Director||7.6yrs||AU$7.17m||0.069% A$29.0m|
|Chief Financial Officer||5.2yrs||AU$2.01m||0.0046% A$1.9m|
|President of North America||2yrs||AU$2.01m||no data|
|Chief Executive Officer – WestConnex||0yrs||AU$947.19k||no data|
|Group Executive of Project Delivery||5.6yrs||AU$1.65m||0.0022% A$944.1k|
|Group Executive of New South Wales||5.1yrs||AU$1.07m||0.0057% A$2.4m|
|Head of Investor Relations||0yrs||no data||no data|
|General Counsel & Joint Company Secretary||8yrs||no data||no data|
|Manager of Media & Communications||0yrs||no data||no data|
|Group Executive of People & Culture||0yrs||no data||no data|
Experienced Management: TCL's management team is seasoned and experienced (5.4 years average tenure).
|CEO & Executive Director||7.6yrs||AU$7.17m||0.069% A$29.0m|
|Independent Non-Executive Director||9.2yrs||AU$250.00k||0.0010% A$425.7k|
|Independent Non-Executive Director||7.8yrs||AU$255.00k||0.0010% A$425.7k|
|Independent Non-Executive Director||11yrs||AU$250.00k||0.0024% A$1.0m|
|Non-Executive Director||0yrs||no data||no data|
|Independent Non-executive Director||1.8yrs||AU$207.08k||0.00022% A$92.7k|
|Independent Non-executive Director||3.1yrs||AU$225.00k||0.00050% A$210.7k|
|Independent Non-Executive Director||3.9yrs||AU$230.00k||0.0011% A$472.0k|
|Independent Chairman of the Board||9.5yrs||AU$600.00k||0.0033% A$1.4m|
Experienced Board: TCL's board of directors are considered experienced (7.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.6%.
Transurban Group's company bio, employee growth, exchange listings and data sources
- Name: Transurban Group
- Ticker: TCL
- Exchange: ASX
- Industry: Highways and Railtracks
- Sector: Transportation
- Market Cap: AU$42.147b
- Shares outstanding: 2.74b
- Website: https://www.transurban.com.au
Number of Employees
- Transurban Group
- Tower Five
- Level 31
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TCL||ASX (Australian Securities Exchange)||Yes||Stapled Securities||AU||AUD||Apr 1996|
|TRAU.F||OTCPK (Pink Sheets LLC)||Yes||Stapled Securities||US||USD||Apr 1996|
|TU9||DB (Deutsche Boerse AG)||Yes||Stapled Securities||DE||EUR||Apr 1996|
|TCL||CHIA (Chi-X Australia)||Yes||Stapled Securities||AU||AUD||Apr 1996|
|TU9||DUSE (Dusseldorf Stock Exchange)||Yes||Stapled Securities||DE||EUR||Apr 1996|
Transurban Group develops, operates, manages, maintains, and finances urban toll road networks. It holds 17 toll roads in Sydney, Melbourne, and Brisbane, Australia, as well as the Greater Washington area and Montreal, North America. The company is headquartered in Melbourne, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 10:34|
|End of Day Share Price||2020/02/27 00:00|
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.