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Aurizon Holdings Ltd AZJ Stock Quote

| Rating as of

Morningstar‘s Stock Analysis AZJ

Currency in AUD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Flat Result and Guidance Spooks Market, but Medium-Term Outlook Is Good

Adrian Atkins Senior Equity Analyst

Analyst Note

| Adrian Atkins |

We maintain our AUD 4.70 per share fair value estimate for narrow-moat Aurizon and continue to think the stock is attractive, despite downgrading near-term earnings forecasts on weaker than expected fiscal 2023 guidance. At the current share price, Aurizon trades on a fiscal 2023 P/E ratio of 14 and offers a mostly franked yield of 5.5%. We think dividends are defensive and should grow at an average annual rate of 7.5% in the next five years on rising earnings and a higher payout ratio.

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Key Statistics AZJ

Company Profile AZJ

Business Description

Aurizon operates rail haulage of coal, iron ore, and freight, and owns a regulated rail network in Queensland. Bulk export coal haulage from mine to port contributes 40% of earnings. The freight and iron ore segment contributes 10% of earnings and undertakes the rail haulage of bulk agricultural, mining, and industrial products. The rail network, composed of 2,670 kilometres of coal rail network under a 99-year lease from the Queensland government, contributes around half of earnings.

900 Ann Street, Level 8
Brisbane, QLD, 4006, Australia
T +61 730199000
Industry Railroads
Most Recent Earnings
Fiscal Year End Jun 30, 2023
Stock Type