Added to YB: 2024-07-08
Pitch date: 2024-07-05
TCL.AX [neutral]
Transurban Group
+24.25%
current return
Author Info
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Company Info
Transurban Group develops, operates, manages, and maintains toll road networks. It operates 22 toll roads in Sydney, Melbourne, and Brisbane in Australia; the Greater Washington area and Montreal, North America.
Market Cap
AUD 38.3B
Pitch Price
AUD 11.79
Price Target
N/A
Dividend
5.09%
EV/EBITDA
29.73
P/E
168.09
EV/Sales
13.14
Sector
Transportation Infrastructure
Category
growth
3 Tollway companies - Buffett’s favorite type of business: Transurban Group
TCL.AX: Australian toll road operator with 21 roads in AU, US, CA. 38B AUD mkt cap, 33% FCF margin. Rev accelerating, 388% fwd EPS growth. High debt (16-18B AUD) but stable, 1.5B annual cash flow. Pricing power, monopoly-like, predictable cash flows. Risks: high debt load. Majority revenue from AU tolls, some from construction.
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