Financials Transurban Group

Equities

TCL

AU000000TCL6

Highways & Rail Tracks

Market Closed - Australian S.E. Other stock markets 12:10:33 2024-12-12 am EST			5-day change	1st Jan Change
12.85 ^AUD	-1.15%		-1.38%	-6.27%

Dec. 05	Transurban Group's Financing Vehicle Secures AU$340 Million Refinancing	MT
Nov. 11	Transurban Group Says New South Wales Government Legislation Will Not Override Current Contracts	MT

Projected Income Statement: Transurban Group

income-statement-evolution-chart TRANSURBAN-GROUP

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	3,616	2,886	3,406	4,157	4,119	4,130	4,346	4,256
Change	-	-20.19%	18.02%	22.05%	-0.91%	0.27%	5.22%	-2.07%
EBITDA ¹	1,841	1,691	1,681	2,108	2,201	2,403	2,728	2,740
Change	-	-8.15%	-0.59%	25.4%	4.41%	9.17%	13.56%	0.43%
EBIT ¹	663	551	574	997	1,132	1,325	1,540	1,733
Change	-	-16.89%	4.17%	73.69%	13.54%	17.07%	16.19%	12.56%
Interest Paid ¹	-914	-870	-466	-645	-404	-774.2	-878.7	-956.8
Earnings before Tax (EBT) ¹	-320	-480	-260	66	379	510.7	658.9	818.2
Change	-	50%	-45.83%	-	474.24%	34.75%	29.02%	24.18%
Net income ¹	-111	3,303	16	64	326	517.3	525.9	729.7
Change	-	-	-99.52%	300%	409.38%	58.67%	1.66%	38.76%
Announcement Date	8/11/20	8/8/21	8/17/22	8/15/23	8/7/24	-	-	-

¹AUD in Million

Estimates

Fiscal Period: June	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	1,495	1,423	1,463	1,301	2,105	2,032	2,125	2,125	1,994	2,172	2,064
Change	-	-4.82%	2.81%	-11.07%	61.8%	-3.47%	4.58%	0%	-6.16%	8.93%	-4.97%
EBITDA ¹	-	840	899	734	947	1,067	1,041	1,132	1,069	1,147	1,140
Change	-	-	7.02%	-18.35%	29.02%	12.67%	-2.44%	8.74%	-5.57%	7.3%	-0.61%
EBIT ¹	158	287	312	175	399	497	500	596	536	654	610
Change	-	81.65%	8.71%	-43.91%	128%	24.56%	0.6%	19.2%	-10.07%	22.01%	-6.73%
Charge d'intérêts ¹	-483	-704	-166	-255	-211	-367	-278	-203	-201	-230	-427
Earnings before Tax (EBT) ¹	-336	-539	59	-	1	-42	108	251	128	348	90
Change	-	60.42%	-	-100%	-	-	-	132.41%	-49%	171.88%	-74.14%
Net income ¹	-300	-419	3,722	-103	119	41	23	204	122	289	31
Change	-	39.67%	-	-	-	-65.55%	-43.9%	786.96%	-40.2%	136.89%	-89.27%
Announcement Date	8/11/20	2/10/21	8/8/21	2/16/22	8/17/22	2/6/23	8/15/23	2/7/24	8/7/24	-	-

¹AUD in Million

Estimates

Forecast Balance Sheet: Transurban Group

balance-sheet-analysis-chart TRANSURBAN-GROUP

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	18,729	13,546	15,623	16,477	17,686	18,660	19,129	19,340
Change	-	-27.67%	15.33%	5.47%	7.34%	5.51%	2.51%	1.1%
Announcement Date	8/11/20	8/8/21	8/17/22	8/15/23	8/7/24	-	-	-

¹AUD in Million

Estimates

Cash Flow Forecast: Transurban Group

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1,569	1,045	613	1,175	1,116	938.2	435.9	136.5
Change	-	-33.4%	-41.34%	91.68%	-5.02%	-15.93%	-53.54%	-68.68%
Free Cash Flow (FCF) ¹	1,476	774	1,531	1,726	2,459	2,222	2,137	2,064
Change	-	-47.56%	97.8%	12.74%	42.47%	-9.63%	-3.83%	-3.43%
Announcement Date	8/11/20	8/8/21	8/17/22	8/15/23	8/7/24	-	-	-

¹AUD in Million

Estimates

Forecast Financial Ratios: Transurban Group

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	50.91%	58.59%	49.35%	50.71%	53.44%	58.17%	62.78%	64.38%
EBIT Margin (%)	18.34%	19.09%	16.85%	23.98%	27.48%	32.09%	35.43%	40.72%
EBT Margin (%)	-8.85%	-16.63%	-7.63%	1.59%	9.2%	12.36%	15.16%	19.22%
Net margin (%)	-3.07%	114.45%	0.47%	1.54%	7.91%	12.52%	12.1%	17.15%
FCF margin (%)	40.82%	26.82%	44.95%	41.52%	59.7%	53.8%	49.17%	48.49%
FCF / Net Income (%)	-1,329.73%	23.43%	9,568.75%	2,696.88%	754.29%	429.59%	406.38%	282.81%
Profitability
ROA	-0.31%	-0.67%	0.04%	0.17%	0.88%	3.21%	3.69%	4.53%
ROE	-1.34%	-2.65%	0.13%	0.47%	2.76%	5.49%	6.74%	10.38%
Financial Health
Leverage (Debt/EBITDA)	10.17x	8.01x	9.29x	7.82x	8.04x	7.77x	7.01x	7.06x
Debt / Free cash flow	12.69x	17.5x	10.2x	9.55x	7.19x	8.4x	8.95x	9.37x
Capital Intensity
CAPEX / Current Assets (%)	43.39%	36.21%	18%	28.27%	27.09%	22.72%	10.03%	3.21%
CAPEX / EBITDA (%)	85.23%	61.8%	36.47%	55.74%	50.7%	39.05%	15.98%	4.98%
CAPEX / FCF (%)	106.3%	135.01%	40.04%	68.08%	45.38%	42.22%	20.4%	6.61%
Items per share
Cash flow per share ¹	0.415	0.3263	0.3283	0.4743	0.528	0.4994	0.545	0.5675
Change	-	-21.39%	0.63%	44.46%	11.32%	-5.41%	9.11%	4.14%
Dividend per Share ¹	0.47	0.365	0.41	0.58	0.62	0.6499	0.6877	0.7255
Change	-	-22.34%	12.33%	41.46%	6.9%	4.82%	5.82%	5.49%
Book Value Per Share ¹	2.879	3.78	4.821	4.082	3.57	3.266	2.843	2.372
Change	-	31.31%	27.53%	-15.34%	-12.54%	-8.51%	-12.96%	-16.54%
EPS ¹	-0.041	1.206	0.006	0.021	0.106	0.1625	0.191	0.2519
Change	-	-3,041.46%	-99.5%	250%	404.76%	53.34%	17.52%	31.85%
Nbr of stocks (in thousands)	2,735,103	2,738,110	3,070,715	3,080,547	3,092,176	3,104,031	3,104,031	3,104,031
Announcement Date	8/11/20	8/8/21	8/17/22	8/15/23	8/7/24	-	-	-