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TCL.AX ASX Highways & Rail Tracks

Transurban Group

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P/E
EV / Rev
Div yield
4,79 %
Op margin
ROE
Net margin
Debt / equity
Beta
52w range
Volume
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About

Transurban Group operates toll roads in Australia and North America, generating revenue primarily through toll fees collected from road users.

Business. Transurban Group (TCL.AX) is an Australian company operating in the Highways & Rail Tracks industry within the broader Transportation sector. The firm is headquartered in Australia and is primarily listed on the Australian Securities Exchange. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data.

Classification92 %
SectorIndustrials
Business sectorTransportation
IndustryHighways & Rail Tracks
ActivityTransportation
Generated · model-assisted
Sell-side consensus
HOLD14 analysts
1 buy13 hold0 sell
Avg 12m price target14,10

Analyst recommendations

14 analysts · consensus Hold
Buy1
Hold13
Sell0
12-month price target
14,10
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
Hold
14 analysts · indicative
Ownership
not yet wired
Profitability
not yet wired
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning TCL.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials · THIS SECTOR−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to TCL.AX. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Transurban Group (TCL.AX) is an Australian company operating in the Highways & Rail Tracks industry within the broader Transportation sector. The firm is headquartered in Australia and is primarily listed on the Australian Securities Exchange. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data.

    Classification92 %
    SectorIndustrials
    Business sectorTransportation
    IndustryHighways & Rail Tracks
    ActivityTransportation
    AI synthesis
    GENERATED

    Transurban Group's capital structure is characterized by a lack of dilution risk, as shares outstanding remain unchanged between basic and diluted counts at 3,120,183,769. However, liquidity risk could not be assessed due to missing balance-sheet inputs and absence of going-concern language in source documents.

    Profitability metrics are not available for direct comparison to industry medians, as no valuation snapshot data is provided. The company's operating model is capital-intensive, with revenue derived from toll road operations, which typically offer stable cash flows but require significant upfront investment.

    Geographic exposure is concentrated in Australia and North America, with no further breakdown of segment revenues provided in the input data. This lack of segment detail limits the ability to assess regional performance or concentration risk.

    Growth trajectory is not quantified in the input data, as no outlook numeric deltas or revenue history is provided. Analysts have issued a mean price target of 14.10 AUD, with a median of 13.90 AUD, indicating a generally neutral to slightly positive sentiment.

    Risk factors include the inability to assess liquidity risk, which could impact the company's ability to meet short-term obligations. Dilution risk is currently low, with no changes in shares outstanding between basic and diluted counts.

    Recent events include analyst estimates with a mean recommendation of 2.86, indicating a "Hold" consensus, with 13 analysts recommending a hold and 1 recommending a strong buy. No specific filings or transcripts are provided in the input data to detail recent corporate developments.

    Key takeaways
    • Transurban Group operates toll roads in Australia and North America, with revenue primarily from toll fees.
    • The company's capital structure shows no dilution risk, with basic and diluted shares outstanding being equal.
    • Liquidity risk could not be assessed due to missing balance-sheet data and lack of going-concern language.
    • Analysts have issued a mean price target of 14.10 AUD, with a "Hold" consensus recommendation.
    • No detailed segment or geographic revenue breakdown is available to assess exposure or concentration risk.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Annual
    ANNUALFiled 2025-08-20
    FY 2025 · Full-year highlights

    Revenue A$3.77B, −8,5% YoY; Operating income −17,5% YoY.

    RevenueA$3.77B−8,5 % YoY
    Operating incomeA$934.0M−17,5 % YoY
    Net incomeA$133.0M−59,2 % YoY
    Free cash flow-A$1.41B+0,2 % YoY
    EPS
    Operating cash flowA$1.51B−7,1 % YoY
    Financials
    Income statement
    RevenueA$3.77B
    Gross profitA$2.56B
    Operating incomeA$934.0M
    Net incomeA$133.0M
    Margins
    Gross margin68.0%
    Operating margin24.8%
    Net margin3.5%
    FCF margin-37.4%
    Balance sheet
    Total assetsA$35.57B
    Total liabilitiesA$26.40B
    Total equityA$9.17B
    Cash & equivalentsA$1.73B
    Long-term debtA$21.19B
    Cash flow
    Operating cash flowA$1.51B
    CapEx-A$907.0M
    Free cash flow-A$1.41B
    SBC
    P&L flow · revenue → net income
    Revenue A$3.77BOperating costs A$2.84BTax A$801.0MNet income A$133.0M
    Highlights
    • Revenue A$3.77B, −8,5% YoY
    • Operating income −17,5% YoY
    • Net income −59,2% YoY
    • Free cash flow +0,2% YoY
    • Net margin 3.5%

    Valuation FY

    Market price
    A$0,00
    Market cap
    Enterprise value
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    Net cash
    Current ratio
    Debt / equity
    ROA
    ROE
    Cash conversion
    CapEx / revenue
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    0,16
    Predicted surprise
    -0,00
    Beat probability
    45 %
    Analysts
    14
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    as of 2026-05-01 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate0,16
    Revenueno estimateno estimate4,0B AUD
    Operating incomeno estimateno estimate1,7B AUD
    Full-year consensus mean (period as reported by source) · consensus in AUD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution14 analysts
    Strong buy1
    Buy0
    Hold13
    Sell0
    Strong sell0
    12-month price targetA$14,10 · Median A$13,90
    Low A$13,19High A$16,10
    Operating income · consensus1,7B AUD
    EPS surprise
    −38,4 %
    reported vs consensus · miss
    Revenue surprise
    −6,6 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    LowA$13,19
    MeanA$14,10
    MedianA$13,90
    HighA$16,10
    SpotA$0,00
    12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskUnknown

    Benchmarks vs cohort

    No cohort benchmark data available for this issuer yet.

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    Source documents
    • Transurban Group Market data — financials · 2026-05-29
    • Transurban Group Market data — analyst estimates · 2026-05-29

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data
    Index membership
    S&P/ASX 200

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    TCL.AXCanonical
    ASX · AUD

    Intel & risk

    PredictorBeat prob45 %Surprise-0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskUnknown

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2025-08-20 03:31 UTCEARNINGSAnnual results — FY 2025 Revenue AUD 3.77B · Net AUD 133.0M
    2024-08-08 04:20 UTCEARNINGSAnnual results — FY 2024 Revenue AUD 4.12B · Net AUD 326.0M
    2023-08-16 03:10 UTCEARNINGSAnnual results — FY 2023 Revenue AUD 4.16B · Net AUD 64.0M
    2022-08-18 03:43 UTCEARNINGSAnnual results — FY 2022 Revenue AUD 3.41B · Net AUD 19.0M
    2021-08-09 03:53 UTCEARNINGSAnnual results — FY 2021 Revenue AUD 2.89B · Net AUD 3.30B
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage