Transurban Group (TCL) Stock Overview
Engages in the development, operation, and maintenance of toll roads in Australia and North America. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 3/6 |
| Past Performance | 5/6 |
| Financial Health | 0/6 |
| Dividends | 2/6 |
TCL Community Fair Values
Create NarrativeSee what 67 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
AU$14.25
FV
2.0% undervalued intrinsic discount7.07%
Revenue growth p.a.
54
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Transurban Group Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$13.96 |
| 52 Week High | AU$15.62 |
| 52 Week Low | AU$13.25 |
| Beta | 0.51 |
| 1 Month Change | -3.52% |
| 3 Month Change | -4.38% |
| 1 Year Change | -0.29% |
| 3 Year Change | 6.00% |
| 5 Year Change | -0.50% |
| Change since IPO | 1,053.53% |
Recent News & Updates
New Narrative • Jul 25
Is TCL Worth the Toll?
At A$14.245 per share, Transurban Group (ASX: TCL) appears reasonably valued based on its current cash flow and distribution guidance. Transurban generated free cash of 34.8 cents per share during the first half of FY26 and maintained full-year distribution guidance of 69 cents per share.
Narrative Update • Jun 24
TCL: Stable Traffic And FY26 Distributions Will Support A Fairly Valued Outlook
Analysts have trimmed their price target on Transurban Group slightly to A$13.96 from A$13.97, citing updated assumptions that point to a modestly lower revenue growth outlook, a marginally higher discount rate, a marginally stronger profit margin, and a slightly lower future P/E ratio. What's in the News Transurban Group shares recently reached a new 52-week high, supported by confidence in stable toll-road income and traffic across Melbourne, Brisbane, Sydney, and North America.Recent updates
New Narrative • Jul 25
Is TCL Worth the Toll?
At A$14.245 per share, Transurban Group (ASX: TCL) appears reasonably valued based on its current cash flow and distribution guidance. Transurban generated free cash of 34.8 cents per share during the first half of FY26 and maintained full-year distribution guidance of 69 cents per share.Narrative Update • Jun 24
TCL: Stable Traffic And FY26 Distributions Will Support A Fairly Valued Outlook
Analysts have trimmed their price target on Transurban Group slightly to A$13.96 from A$13.97, citing updated assumptions that point to a modestly lower revenue growth outlook, a marginally higher discount rate, a marginally stronger profit margin, and a slightly lower future P/E ratio. What's in the News Transurban Group shares recently reached a new 52-week high, supported by confidence in stable toll-road income and traffic across Melbourne, Brisbane, Sydney, and North America.Analysis Article • Jun 20
Transurban Group (ASX:TCL) Shares Could Be 17% Undervalued After M7 M12 Project Completion
Transurban Group (ASX:TCL) has completed the M7-M12 Integration Project in Western Sydney, opening the M7-M12 Interchange and finishing a major M7 widening that may affect future toll road traffic patterns. See our latest analysis for Transurban Group. Against this project backdrop, Transurban Group’s share price has an A$15.06 latest close, with a 30 day share price return of 5.39% and 90 day share price return of 9.53%. The 1 year total shareholder return of 8.33% sits alongside a 5 year...Narrative Update • Jun 09
TCL: Steady Traffic Trends And Margins Will Support A Fairly Valued Outlook
Analysts have raised their price target for Transurban Group slightly to A$13.97 from A$13.91, reflecting updated assumptions for the discount rate, revenue growth, profit margin and future P/E. What's in the News Transurban reported Average Daily Traffic (ADT) growth of 3.6% for the month ended March 2026, based on its latest traffic update.Narrative Update • May 26
TCL: Steady Traffic And Margins Will Support A Fairly Valued Outlook
Analysts have trimmed their price target for Transurban Group slightly to A$13.91 from A$13.94, reflecting modest adjustments to the discount rate, revenue growth outlook, profit margin assumptions and future P/E expectations. What's in the News Reported Average Daily Traffic (ADT) growth of 3.6% for March 2026, based on monthly traffic results.Narrative Update • Apr 24
TCL: Traffic Resilience And Higher Margins Will Support A Fairly Valued Outlook
Analysts have slightly reduced their price target for Transurban Group by A$0.05 to A$13.94 as they factor in updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. What's in the News Transurban reported Average Daily Traffic (ADT) growth of 3.6% for March 2026, giving you a recent snapshot of usage across its toll road network (company announcement).Narrative Update • Apr 10
TCL: Tunnel Opening And 2025 Distribution Will Support A Fairly Valued Outlook
Analysts have trimmed their price target on Transurban Group from A$14.36 to A$13.99, reflecting adjustments to fair value, discount rate, revenue growth assumptions, profit margin outlook and the future P/E multiple. Valuation Changes Fair Value: Trimmed slightly from A$14.36 to A$13.99.Narrative Update • Feb 11
TCL: Tunnel Opening And 2025 Distribution Will Support A Fairly Valued Outlook
Analysts have maintained their A$14.36 price target for Transurban Group, citing a slightly higher discount rate and revenue growth outlook, along with a lower profit margin and a higher assumed future P/E multiple. What's in the News The West Gate Tunnel Project is scheduled to open to traffic on Sunday 14 December 2025, providing an alternative route to the West Gate Bridge and connecting the West Gate Freeway to the Port of Melbourne and CityLink (Key Developments).Narrative Update • Jan 28
TCL: Tunnel Opening And Distribution Outlook Will Shape Fairly Valued Profile
Analysts have modestly adjusted their valuation framework for Transurban Group, keeping the fair value estimate steady at A$14.36 while refining assumptions around the discount rate, profit margin and future P/E to better reflect current expectations for earnings quality and risk. What's in the News West Gate Tunnel Project is scheduled to open to traffic on Sunday 14 December 2025, providing an alternative to the West Gate Bridge and a new connection between the West Gate Freeway, the Port of Melbourne and CityLink (Key Developments).Analysis Article • Jan 21
Some Confidence Is Lacking In Transurban Group's (ASX:TCL) P/S
When you see that almost half of the companies in the Infrastructure industry in Australia have price-to-sales ratios...Narrative Update • Jan 13
TCL: West Gate Tunnel Opening And Lower Discount Rate Will Shape Outlook
Analysts now see fair value for Transurban Group at A$14.36, up from A$14.21, with the shift linked to updated views on discount rates, revenue growth, profit margins and a higher assumed future P/E multiple. What's in the News The West Gate Tunnel Project in Melbourne is scheduled to open to traffic on Sunday 14 December 2025, providing an alternative to the West Gate Bridge and connecting the West Gate Freeway to the Port of Melbourne, CityLink and the CBD (Key Developments).Analysis Article • Dec 25
Is Transurban Group (ASX:TCL) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Dec 05
Transurban Group (ASX:TCL) Has Announced That It Will Be Increasing Its Dividend To A$0.34
Transurban Group's ( ASX:TCL ) dividend will be increasing from last year's payment of the same period to A$0.34 on...Analysis Article • Oct 04
Transurban Group's (ASX:TCL) Shares May Have Run Too Fast Too Soon
When you see that almost half of the companies in the Infrastructure industry in Australia have price-to-sales ratios...Analysis Article • Sep 12
Transurban Group (ASX:TCL) Takes On Some Risk With Its Use Of Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Narrative Update • Aug 27
Urbanization And New Projects Will Revitalize Australian Toll Roads
Transurban Group’s consensus price target has been raised to A$14.18, reflecting analysts’ expectations for improved revenue from post-construction traffic growth and easing operational disruptions in key metropolitan markets. Analyst Commentary Upgrade driven by reported traffic growth of approximately 2% in FY25.
New Narrative • Feb 23
AI Technology And North American Expansion Will Shape Future Prospects
Strategic positioning in growth areas and infrastructure innovation could drive long-term revenue increases and operational efficiencies for Transurban.Shareholder Returns
| TCL | AU Infrastructure | AU Market | |
|---|---|---|---|
| 7D | -3.8% | -2.9% | -1.4% |
| 1Y | -0.3% | 1.2% | 1.0% |
Return vs Industry: TCL underperformed the Australian Infrastructure industry which returned 1.2% over the past year.
Return vs Market: TCL underperformed the Australian Market which returned 1% over the past year.
Price Volatility
| TCL volatility | |
|---|---|
| TCL Average Weekly Movement | 2.8% |
| Infrastructure Industry Average Movement | 2.8% |
| Market Average Movement | 9.7% |
| 10% most volatile stocks in AU Market | 17.1% |
| 10% least volatile stocks in AU Market | 3.8% |
Stable Share Price: TCL has not had significant price volatility in the past 3 months compared to the Australian market.
Volatility Over Time: TCL's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1996 | 3,957 | Michelle Jablko | www.transurban.com |
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.
Transurban Group Fundamentals Summary
| TCL fundamental statistics | |
|---|---|
| Market cap | AU$43.56b |
| Earnings (TTM) | AU$366.00m |
| Revenue (TTM) | AU$3.90b |
119.0x
P/E Ratio11.2x
P/S RatioIs TCL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TCL income statement (TTM) | |
|---|---|
| Revenue | AU$3.90b |
| Cost of Revenue | AU$1.47b |
| Gross Profit | AU$2.43b |
| Other Expenses | AU$2.06b |
| Earnings | AU$366.00m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.12 |
| Gross Margin | 62.29% |
| Net Profit Margin | 9.40% |
| Debt/Equity Ratio | 269.4% |
How did TCL perform over the long term?
See historical performance and comparisonDividends
5.0%
Current Dividend Yield587%
Payout RatioDoes TCL pay a reliable dividends?
See TCL dividend history and benchmarks| Transurban Group dividend dates | |
|---|---|
| Ex Dividend Date | Jun 29 2026 |
| Dividend Pay Date | Aug 18 2026 |
| Days until Ex dividend | 48 days |
| Days until Dividend pay date | 2 days |
Does TCL pay a reliable dividends?
See TCL dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/15 20:19 |
| End of Day Share Price | 2026/08/14 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2026/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Transurban Group is covered by 25 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Matthew Ryan | Barrenjoey Markets Pty Limited |
| Lara Tufegdzic | BofA Global Research |
| Andrew Scott | CGS International |