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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Access Stockbroker Research History >

TCL STOCK CHART

FNArena News on TCL

1
Weekly Ratings, Targets, Forecast Changes – 12-02-21

Feb 15 2021 - Weekly Reports
2
FNArena Corporate Results Monitor – 12-02-2021

Feb 12 2021 - Australia
3
Rudi’s View: February – Reason For Optimism

Feb 04 2021 - Rudi's View
4
Weekly Ratings, Targets, Forecast Changes – 22-01-21

Jan 25 2021 - Weekly Reports
5
Weekly Ratings, Targets, Forecast Changes – 20-11-20

Nov 23 2020 - Weekly Reports

Latest Infrastructure & Utilities News

1
Cheap Power Very Expensive For AGL, Origin

Feb 08 2021 - Australia
2
Treasure Chest: Transurban Set To Dilute Future Dividends

Oct 15 2020 - Treasure Chest
3
Rudi’s View: August 2020 Lifts Price Targets

Sep 10 2020 - Rudi's View
4
Rudi’s View: Early Signals From August 2020

Aug 20 2020 - Rudi's View
5
Weekly Ratings, Targets, Forecast Changes – 14-08-20

Aug 17 2020 - Weekly Reports
6
The Wrap: Consumer Survey, TPG Merger And Supermarkets

Jul 03 2020 - Weekly Reports
7
Sydney Airport: Now Boarding

Jun 09 2020 - Technicals
8
Sydney Airport: Low Is In

Apr 21 2020 - Technicals
9
Transurban Becomes More Risk Averse

Apr 06 2020 - Australia
10
Sharp Turn In Demand Jolts Electricity Market

Apr 02 2020 - Australia