Transurban agreed to buy Canada Pension Plan Investment Board's stakes in the M7, NorthConnex and WestConnex for AUD 4.5 billion, subject to regulatory clearance. It also reached commercial close on Tennessee's I-24 southeast choice lanes.
Core Australian roads generate defensive revenue that grows with traffic volumes and toll price increases, which are at a minimum pegged to inflation. Solid revenue growth and a high fixed-cost base translate to strong cash flow and distribution growth.
Building and acquiring new roads can destroy equity value as a result of overbidding and overly optimistic traffic forecasts.
|
Metric
|
TCL
|
ALX
|
AIA
|
|---|---|---|---|
Price/Earnings (Normalized) | 124.07 | 29.36 | 47.41 |
Price/Book Value | 5.26 | 1.04 | 1.32 |
Price/Sales | 10.41 | 35.02 | 14.78 |
Price/Cash Flow | 23.07 | 73.23 | 28.35 |
|
Metric
|
TCL
|
ALX
|
AIA
|
|---|---|---|---|
Quick Ratio | 0.71 | 0.71 | 0.24 |
Current Ratio | 0.77 | 0.75 | 0.34 |
Interest Coverage | 1.15 | 1.11 | 5.43 |
|
Metric
|
TCL
|
ALX
|
AIA
|
|---|---|---|---|
Return on Assets (Normalized) | 1.23% | 1.42% | 2.15% |
Return on Equity (Normalized) | 4.96% | 2.24% | 2.91% |
Return on Invested Capital (Normalized) | 3.32% | 2.01% | 2.01% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Transurban Group
TRAUF
| — | LOCK|x$P | $28B | |||
| Jiangsu Expressway Co Ltd ADR
JEXYY
| — | LOCK|#w@ | $9B | |||
| Promotora Y Operadora de Infraestructura SAB de CV ADR
PUODY
| — | LOCK|K! | $5B | |||
| Promotora Y Operadora de Infraestructura SAB de CV
PYOIF
| — | LOCK|%qz | $5B | |||
| Zhejiang Expressway Co Ltd Class H
ZHEXF
| — | LOCK|$J | $5B | |||
| Atlas Arteria Ltd
MAQAF
| — | LOCK|k&jPF | $4B | |||
| Park24 Co Ltd ADR
PKCOY
| — | LOCK|Jp& | $2B | |||
| PT Jasa Marga (Persero) Tbk ADR
PTJSY
| — | LOCK|<&# | $1B | |||
| Shenzhen Investment Holdings Bay Area Development Co Ltd ADR
SIHBY
| — | LOCK|frD | $809M | |||
| Mobile Infrastructure Corp
BEEP
| — | LOCK|Z^C | $107M |
United States