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TCL

Transurban GroupASX:TCL Stock Report

Last Price

AU$13.24

Market Cap

AU$40.6b

7D

-1.4%

1Y

2.3%

Updated

17 Jan, 2022

Data

Company Financials +
TCL fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance0/6
Financial Health2/6
Dividends2/6

TCL Stock Overview

Transurban Group develops, operates, manages, and maintains toll road networks.

Transurban Group Competitors

Atlas Arteria

ASX:ALX

AU$6.5b

Thales

ENXTPA:HO

€17.2b

Alstom

ENXTPA:ALO

€12.6b

Indra Sistemas

BME:IDR

€1.7b

Price History & Performance

Summary of all time highs, changes and price drops for Transurban Group
Historical stock prices
Current Share PriceAU$13.24
52 Week HighAU$15.06
52 Week LowAU$12.36
Beta0.42
1 Month Change-2.14%
3 Month Change-4.06%
1 Year Change2.32%
3 Year Change11.35%
5 Year Change27.19%
Change since IPO994.03%

Recent News & Updates

Dec 27
Transurban Group (ASX:TCL) Has Announced A Dividend Of AU$0.15

Transurban Group (ASX:TCL) Has Announced A Dividend Of AU$0.15

Transurban Group ( ASX:TCL ) has announced that it will pay a dividend of AU$0.15 per share on the 22nd of February...

Dec 07
Transurban Group (ASX:TCL) Has Re-Affirmed Its Dividend Of AU$0.15

Transurban Group (ASX:TCL) Has Re-Affirmed Its Dividend Of AU$0.15

The board of Transurban Group ( ASX:TCL ) has announced that it will pay a dividend on the 22nd of February, with...

Nov 07
Does Transurban Group (ASX:TCL) Have A Healthy Balance Sheet?

Does Transurban Group (ASX:TCL) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

TCLAU InfrastructureAU Market
7D-1.4%-1.2%-0.5%
1Y2.3%12.9%10.4%

Return vs Industry: TCL underperformed the Australian Infrastructure industry which returned 12.9% over the past year.

Return vs Market: TCL underperformed the Australian Market which returned 10.4% over the past year.

Price Volatility

Is TCL's price volatile compared to industry and market?
TCL volatility
TCL Average Weekly Movement2.3%
Infrastructure Industry Average Movement2.8%
Market Average Movement8.4%
10% most volatile stocks in AU Market15.2%
10% least volatile stocks in AU Market3.6%

Stable Share Price: TCL is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: TCL's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a672Scott Charltonhttps://www.transurban.com.au

Transurban Group develops, operates, manages, and maintains toll road networks. It operates 21 toll roads in Sydney, Melbourne, and Brisbane in Australia; the Greater Washington area, the United States; and Montreal, Canada. The company is headquartered in Melbourne, Australia.

Transurban Group Fundamentals Summary

How do Transurban Group's earnings and revenue compare to its market cap?
TCL fundamental statistics
Market CapAU$40.65b
Earnings (TTM)-AU$256.00m
Revenue (TTM)AU$2.89b

14.1x

P/S Ratio

-158.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TCL income statement (TTM)
RevenueAU$2.89b
Cost of RevenueAU$1.09b
Gross ProfitAU$1.80b
ExpensesAU$2.05b
Earnings-AU$256.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 17, 2022

Earnings per share (EPS)-0.083
Gross Margin62.30%
Net Profit Margin-8.87%
Debt/Equity Ratio166.2%

How did TCL perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

-390%

Payout Ratio

Valuation

Is Transurban Group undervalued compared to its fair value and its price relative to the market?

10.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TCL (A$13.24) is trading below our estimate of fair value (A$14.76)

Significantly Below Fair Value: TCL is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: TCL is unprofitable, so we can't compare its PE Ratio to the Oceanic Infrastructure industry average.

PE vs Market: TCL is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TCL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TCL is overvalued based on its PB Ratio (3.9x) compared to the AU Infrastructure industry average (1.9x).


Future Growth

How is Transurban Group forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

54.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TCL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: TCL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TCL's is expected to become profitable in the next 3 years.

Revenue vs Market: TCL's revenue (8.2% per year) is forecast to grow faster than the Australian market (4.9% per year).

High Growth Revenue: TCL's revenue (8.2% 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 (7.3%).


Past Performance

How has Transurban Group performed over the past 5 years?

-47.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TCL is currently unprofitable.

Growing Profit Margin: TCL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TCL is unprofitable, and losses have increased over the past 5 years at a rate of 47% per year.

Accelerating Growth: Unable to compare TCL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TCL is unprofitable, making it difficult to compare its past year earnings growth to the Infrastructure industry (14.5%).


Return on Equity

High ROE: TCL has a negative Return on Equity (-2.57%), as it is currently unprofitable.


Financial Health

How is Transurban Group's financial position?


Financial Position Analysis

Short Term Liabilities: TCL's short term assets (A$4.9B) exceed its short term liabilities (A$3.1B).

Long Term Liabilities: TCL's short term assets (A$4.9B) do not cover its long term liabilities (A$21.5B).


Debt to Equity History and Analysis

Debt Level: TCL's net debt to equity ratio (127.7%) is considered high.

Reducing Debt: TCL's debt to equity ratio has reduced from 205.9% to 166.2% over the past 5 years.

Debt Coverage: TCL's debt is not well covered by operating cash flow (4.8%).

Interest Coverage: TCL's interest payments on its debt are not well covered by EBIT (0.8x coverage).


Balance Sheet


Dividend

What is Transurban Group current dividend yield, its reliability and sustainability?

2.76%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TCL's dividend (2.76%) is higher than the bottom 25% of dividend payers in the Australian market (2.18%).

High Dividend: TCL's dividend (2.76%) is low compared to the top 25% of dividend payers in the Australian market (5.39%).


Stability and Growth of Payments

Stable Dividend: TCL's dividend payments have been volatile in the past 10 years.

Growing Dividend: TCL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: TCL is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: TCL's dividends in 3 years are not forecast to be well covered by earnings (294.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.9yrs

Average management tenure


CEO

Scott Charlton (57 yo)

9.5yrs

Tenure

AU$5,513,984

Compensation

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 and serves as Chief Executive Officer of Tr...


CEO Compensation Analysis

Compensation vs Market: Scott's total compensation ($USD3.98M) is about average for companies of similar size in the Australian market ($USD3.67M).

Compensation vs Earnings: Scott's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: TCL's management team is considered experienced (3.9 years average tenure).


Board Members

Experienced Board: TCL's board of directors are not considered experienced ( 2 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: TCL insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.2%.


Top Shareholders

Company Information

Transurban Group's employee growth, exchange listings and data sources


Key Information

  • Name: Transurban Group
  • Ticker: TCL
  • Exchange: ASX
  • Founded: NaN
  • Industry: Highways and Railtracks
  • Sector: Transportation
  • Implied Market Cap: AU$40.650b
  • Shares outstanding: 3.07b
  • Website: https://www.transurban.com.au

Number of Employees


Location

  • Transurban Group
  • Tower Five
  • Level 31
  • Melbourne
  • Victoria
  • 3008
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 16:17
End of Day Share Price2022/01/17 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.