Overview
Transurban Group (ASX: TCL) operates major toll-road networks in Australia and North America, giving investors exposure to essential urban transport infrastructure. At A$13.11, the shares combine a 5.30% dividend yield with a high reported earnings multiple, while recent revenue growth is negative. The case for the group therefore hinges on the performance and long-term economics of its road network, balanced against current earnings and share-price momentum.
Transurban Group is an Australian infrastructure operator whose core business is developing, operating and maintaining toll roads. It runs 22 roads across Melbourne, Sydney and Brisbane, as well as in the Greater Washington area in the United States. This gives the group exposure to established urban transport networks, with performance linked to road usage, tolling and the ongoing management of large infrastructure assets. The supplied figures show a market capitalisation of A$40.9 billion and trailing revenue of A$3.9 billion. Revenue growth is -9.80%, and the reported profit margin is 9.40%, underscoring that scale alone does not remove the effects of changing revenue and operating costs.
Key facts
- Ticker
- TCL
- Exchange
- AU
- ISIN
- AU000000TCL6
- Sector
- Industrials
- Industry
- Infrastructure Operations
- Country
- Australia
- Currency
- AUD
- Price
- A$13.11
- Previous close
- A$13.01
- Day change
- +A$0.10 (+0.77%)
- Market cap
- 40.9B
- 52W low
- A$12.82
- 52W high
- A$15.26
Price and trend
Last price: A$13.11
- Price
- A$13.11
- 52W range
- A$12.82 – A$15.26
- 50-day SMA
- A$13.94
- 200-day SMA
- A$14.19
- Price vs 50D SMA
- -5.94%
- Price vs 200D SMA
- -7.62%
Valuation
- P/E
- 109.25
- PEG
- 1.52
- EPS
- 0.12
- Dividend yield
- 5.30%
- Beta
- 0.51
Transurban’s P/E ratio of 109.25 is elevated relative to its reported EPS of A$0.12, so the share price reflects a substantial valuation against current earnings. The PEG ratio is 1.52, while the dividend yield is 5.30%. These measures offer different perspectives: the yield speaks to distributions relative to the share price, while the earnings multiple highlights how much investors are paying for current earnings. Neither settles whether the valuation is attractive; the outlook for revenue, profitability and the durability of toll-road cash flows remains important.
Profitability and growth
- Revenue growth
- -9.80%
- Revenue TTM
- 3.9B
- Profit margin
- 9.40%
Analyst view
Comparison uses the last price shown; targets are analyst estimates.
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- Price
- A$13.11
- Target price
- A$13.65
- Target vs last price
- 4.10% from last price
The supplied analyst context places the target price at A$13.65, or 4.10% from the last price of A$13.11. This is a secondary reference point, not a forecast or assurance of return. The broader investment case rests more on Transurban’s toll-road network, earnings and distribution profile, and the valuation investors are paying for those assets.
Risks
Transurban’s toll-road model depends on traffic, pricing, operating performance and the economics of maintaining and developing infrastructure across Australia and North America. Revenue growth is reported at -9.80%, while the 9.40% profit margin and A$0.12 EPS provide a snapshot of current profitability rather than a guarantee of future earnings. A P/E ratio of 109.25 means the share price is high relative to reported earnings, leaving valuation sensitive to changes in earnings expectations. The 5.30% dividend yield may appeal to income-focused investors, but distributions are not assured. The price is below both supplied moving averages, indicating recent price weakness, although these measures do not determine future performance.
FAQ
What does Transurban Group do?
Transurban develops, operates and maintains toll roads in Australia and North America. Its network includes roads in Melbourne, Sydney and Brisbane, as well as the Greater Washington area.
What is Transurban’s dividend yield?
The supplied figures show a dividend yield of 5.30%. Yield can change as the share price and distributions change, and it does not indicate that future distributions are guaranteed.
How is TCL trading relative to its recent range?
At A$13.11, Transurban is closer to its 52-week low of A$12.82 than its high of A$15.26. The share price is also below its 50-day and 200-day moving averages.
*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.
