TRANSURBAN GROUP (TCL)
Share Price Analysis and Chart

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TCL - TRANSURBAN GROUP

FNArena Sector : Infrastructure & Utilities
Year End: June
GICS Industry Group : Transportation
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

$13.03

03 Mar
2021

0.060

OPEN

$12.96

0.46%

HIGH

$13.09

3,669,231

LOW

$12.94

TARGET
$14.272 9.5% upside
Franking for last dividend paid out: 66%
OTHER COMPANIES IN THE SAME SECTOR
AGL . APA . AST . ENE . EPW . ALX . ORG . SKI . SYD . NEW . AIA . DBI . DBI . SRJ .
MARKET CONSENSUS FORECAST
TCL: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx - 4.1 - 1.8 xxx
DPS (cps) xxx 47.0 36.6 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 20.3% - 22.2% xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 2.9% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 4.07%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

3.69

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: 29/06 - 16c (0%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.5

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

12/02/2021

3

Hold

$13.87

6.45%

Travel restrictions continue to impact Transurban Group in the first half, with an -18% decline on the pcp. The greatest impact has been on Melbourne’s Citylink, the US Express Lanes and the airport-related roads.

The earnings (EBITDA) decline of -23% was in-line with Morgans forecast, with earnings supported by resilience of truck traffic, toll escalation, and cost control.

The DPS was pre-released at 15 cents, down -52% on the pcp. The broker now forecasts 35.5 cents for FY21 implying 2.7% yield at current prices (around $13.27).

The December rebound to all-time daily traffic highs in Sydney and Brisbane, as well as the trend strength of the regional economies, supports the analyst’s optimism.

Hold rating. The target price is reduced to $13.87 from $14.

FORECAST
Morgans forecasts a full year FY21 dividend of 35.50 cents.
Morgans forecasts a full year FY22 dividend of 54.50 cents.

Citi

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Credit Suisse

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxxxxxxxxxx

$xx.xx

xx.xx%

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TCL STOCK CHART