Transurban Group

A$14.60As of Sun 8 Nov 2026, 12:00 UTC

ASX:TCLIndustrials

Country Australia

PE (Fwd) •••

TSR 10Y CAGR 7.91%

Div yield 4.79%

ROE 4.97%

Infrastructure Operations

Beta (5Y) 0.55

PE TTM 124.3

TSR TTM 4.44%

Mkt cap A$45.55B

ROIC 4.36%

SE Grade™

—

Value

Quality

Moat

Consensus

Reference

$16

8.95%

(90.13%)

Hold 6|9|4|12|5

TTM

FYE 30 Jun AUD

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

1.343

Revenue$B

8.096

8.334

8.580

8.617

8.666

8.779

8.971

8.996

9.208

9.587

1.420

2.04%

1.75%

9.69

Revenue growth%

2.48

0.54

1.56

1.00

0.40

2.50

1.70

1.56

19.67

1.56

1.28

11.81

Gross margin%

15.35

15.79

14.99

14.58

15.66

13.64

12.22

11.13

12.13

11.63

17.63

12.13

14.11

7.29

Operating margin%

12.83

11.95

12.07

13.04

15.95

14.11

11.77

12.56

15.32

13.40

15.71

13.40

12.94

17.42

Net margin%

13.42

14.52

15.47

13.89

13.60

12.15

14.92

14.21

14.12

12.77

11.05

14.12

14.00

28.96

P/E ratio (avg)x

17.54

19.22

18.05

16.33

16.37

18.01

19.31

19.33

19.64

20.46

34.44

19.33

18.64

8.220

EV/EBITx

36.03

35.18

39.07

38.08

36.59

36.74

35.17

36.19

38.02

41.00

36.09

36.74

36.67

23.93

FCF yield (avg)%

12.85

11.03

9.61

9.97

8.27

10.98

13.93

12.85

14.02

12.35

3.52

12.85

11.69

5.95

FCF margin%

14.07

16.25

14.86

13.91

16.37

13.83

11.14

12.28

9.49

7.58

5.08

11.14

13.87

1.634

FCF / Net incomex

2.397

2.524

2.543

2.670

2.930

2.827

2.747

3.202

3.176

3.681

1.300

3.176

2.787

5.86

ROIC%

2.45

3.32

5.14

4.37

2.46

0.51

1.96

4.46

6.88

5.45

3.61

4.46

3.84

2.09

Return on equity%

18.37

18.98

17.21

15.27

16.53

17.84

19.83

19.70

20.89

22.97

8.14

19.83

18.67

11.28

Return on assets%

20.59

22.97

21.53

22.60

24.22

25.48

22.53

22.97

25.87

27.33

23.15

25.48

22.97

1.26

EPS$

3.49

3.67

3.80

3.93

3.97

4.42

3.90

4.18

4.59

4.03

1.33

0.34%

2.55%

—

16.60

EPS growth%

16.71

14.80

17.63

17.69

15.25

14.54

16.84

16.22

14.90

17.06

26.74

16.22

16.47

2.46

Bookvalue per sh$

3.27

3.39

3.76

4.09

4.37

4.05

4.17

4.00

4.14

4.50

1.91

0.60%

2.07%

—

0.85

FCF per share$

3.11

2.96

2.98

2.87

3.05

3.27

3.62

3.73

3.76

3.91

1.33

5.10%

3.33%

—

2.19

Dividend per sh$

1.83

1.92

2.08

2.31

2.72

2.98

3.03

3.43

3.51

3.90

1.04

7.52%

7.99%

—

18.92

Div yield (avg)%

15.22

15.23

12.49

11.78

9.55

7.11

8.08

10.58

10.39

7.40

10.39

8.08

10.48

19.18

Payout ratio%

13.67

12.99

10.02

7.75

7.52

7.22

4.55

5.38

5.27

7.94

8.66

5.38

7.63

3.052

Shares (diluted)B

4.640

4.432

4.659

5.229

6.125

6.497

7.629

7.349

7.478

7.808

3.072

4.98%

7.21%

18.54

Buyback yield%

11.99

11.25

11.64

10.26

12.75

15.57

17.73

18.33

21.02

23.24

29.68

18.33

14.16

0.657

D/E ratiox

1.187

1.160

1.239

1.183

1.192

1.222

1.327

1.572

1.597

1.611

0.738

1.572

1.230

2.557

Enterprise value$B

8.284

9.209

9.161

9.700

8.745

9.391

9.904

10.35

11.39

11.44

10.15

5.52%

2.87%

7.024

LT debt$B

2.681

2.644

3.073

3.621

4.355

5.174

5.429

6.083

6.529

7.224

2.208

10.65%

11.37%

Peers (US$31.29B)

Cap (US$)

Cleanaway Waste…

4.633B

68.41x

Atlas Arteria Limited

3.744B

20.29x

Ventia Services Group…

3.176B

18.05x

HOCHTIEF Aktiengesells…

30.89B

28.23x

Capital

TTM

10Y

Leveragex

2.780

0.080

0.072

EBIT/Intx

2.885

0.818

0.918

Own earn%

(1.20)

10.49

18.30

Sh yield%

37.45

28.91

26.15

Owners

Insiders/Inst%

7.41

40.57

Short interest%

0.66

SBC / revenue%

5.14

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

12–16

$1 testx

0.0

Incr. ROIC%

Transurban Group, together with its subsidiaries, engages in the development, operation, and maintenance of toll roads in Australia and North America. It operates 22 toll roads in Melbourne, Sydney, and Brisbane; and the Greater Washington area in the United States. The company was founded in 1996 and is headquartered in Docklands, Australia.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$9.587B

1.75%

1.00×

Cost of revenue

$6.288B

1.82%

1.01×

Operating expenses

$1.781B

2.47%

1.07×