Our top pick for
AU stocks
Finder Award
Finder makes money from featured partners, but editorial opinions are our own.
Transurban is an infrastructure operations business based in Australia. Transurban shares (TCL) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Transurban has a trailing 12-month revenue of around $4.1 billion. If you're looking to buy shares, check out the steps below.
How to buy shares in Transurban
To buy shares listed in Australia such as Transurban, you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose or you can see our list of the best share trading platforms in Australia. Then follow these steps.
-
Open and fund your brokerage account. Complete an application with your personal and financial details, including your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
-
Search for Transurban. Find the share by name or ticker symbol: TCL. Research its history to confirm it's a solid investment against your financial goals.
-
Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Transurban reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
-
Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
-
Check on your investment. Congratulations, you own a part of Transurban. Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.
Transurban shares at a glance
Information last updated 2024-10-05.
| 52-week range | $11.0455 - $14.02 |
|---|---|
| 50-day moving average | $13.3406 |
| 200-day moving average | $13.0675 |
| Target price | $13.22 |
| PE ratio | 119.0909 |
| Dividend yield | $0.62 (4.89%) |
| Earnings per share (TTM) | $0.11 |
Where to buy Transurban shares
The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
1 - 4 of 31
Is it a good time to buy Transurban stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Transurban price performance over time
Historical closes compared with the last close of A$13.14
| 1 week (2024-10-04) | 0.31% |
|---|---|
| 1 month (2024-09-11) | -3.81% |
| 3 months (2024-07-11) | 3.79% |
| 6 months (2024-04-11) | -1.79% |
| 1 year (2023-10-11) | 3.30% |
|---|---|
| 2 years (2022-10-11) | 4.20% |
| 3 years (2021-10-11) | -4.71% |
| 5 years (2019-10-11) | -10.00% |
Is Transurban under- or over-valued?
Valuing Transurban stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Transurban's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Transurban's P/E ratio
Transurban's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 119x. In other words, Transurban shares trade at around 119x recent earnings.
That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Transurban's PEG ratio
Transurban's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.31. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Transurban's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Transurban's EBITDA
Transurban's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $2.2 billion (£1.1 billion).
The EBITDA is a measure of a Transurban's overall financial performance and is widely used to measure stock profitability.
Transurban financials
| Revenue TTM | $4.1 billion |
|---|---|
| Operating margin TTM | 26.88% |
| Gross profit TTM | $1.6 billion |
| Return on assets TTM | 1.9% |
| Return on equity TTM | 3.01% |
| Profit margin | 7.92% |
| Book value | 3.57 |
| Market capitalisation | $40.9 billion |
TTM: trailing 12 months
Transurban's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Transurban.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Transurban's total ESG risk score
Total ESG risk: 18.01
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Transurban's overall score of 18.01 (as at 12/31/2018) is excellent – landing it in it in the 9th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Transurban is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Transurban's environmental score
Environmental score: 4.99/100
Transurban's environmental score of 4.99 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that Transurban is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Transurban's social score
Social score: 11.91/100
Transurban's social score of 11.91 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that Transurban is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Transurban's governance score
Governance score: 9.6/100
Transurban's governance score puts it squarely in the 8th percentile of companies rated in the same sector. That could suggest that Transurban is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Transurban's controversy score
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Transurban scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Transurban has, for the most part, managed to keep its nose clean.
Environmental, social, and governance (ESG) summary
Transurban Group was last rated for ESG on: 2019-01-01.
| Total ESG score | 18.01 |
|---|---|
| Total ESG percentile | 9.32 |
| Environmental score | 4.99 |
| Environmental score percentile | 8 |
| Social score | 11.91 |
| Social score percentile | 8 |
| Governance score | 9.6 |
| Governance score percentile | 8 |
| Level of controversy | 2 |
Transurban share dividends
Dividend payout ratio: 584.91% of net profits
Recently Transurban has paid out, on average, around 584.91% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.89% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Transurban shareholders could enjoy a 4.89% return on their shares, in the form of dividend payments. In Transurban's case, that would currently equate to about A$0.62 per share.
Transurban's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 26 June 2024 (the "ex-dividend date").
Have Transurban's shares ever split?
Transurban's shares were split on a 500:1 basis on 28 November 1999. So if you had owned 1 share the day before the split, the next day you would own 500 shares. This wouldn't directly have changed the overall worth of your Transurban shares – just the quantity. However, indirectly, the new 99.8% lower share price could have impacted the market appetite for Transurban shares which in turn could have impacted Transurban's share price.
Transurban share price volatility
Over the last 12 months, Transurban's shares have ranged in value from as little as $11.0455 up to $14.02. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Transurban's is 0.636. This would suggest that Transurban's shares are less volatile than average (for this exchange).
Transurban overview
Transurban Group engages in the development, operation, management, and maintenance of toll road networks. It operates 22 toll roads in Melbourne, Sydney, and Brisbane in Australia; the Greater Washington, United States; and Montreal, Canada. The company is headquartered in Docklands, Australia.
Transurban in the news
If EPS Growth Is Important To You, Transurban Group (ASX:TCL) Presents An Opportunity
Investors in Transurban Group (ASX:TCL) have seen decent returns of 33% over the past five years
Is Transurban Group's (ASX:TCL) ROE Of 0.7% Concerning?
Frequently asked questions
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
More resources on Finder
More guides on Finder
-
What is a joint share trading account?
Considering opening a joint share trading account with your partner? Here is what you need to know
-
Best performing stocks on the ASX in 2024 (Updated weekly)
Looking for the best performing stocks in Australia? We update this list weekly.
-
CommSec Pocket vs Raiz Invest
CommSec Pocket and Raiz Invest both micro-invest into the stock market, so what are the differences and why should you pick one over the other?
-
Stake review: A trading platform for AU and US stocks
Stake is a trading platform for Australians who want value for money when trading. Gain access to the cheapest CHESS-sponsored brokerage in Australia and $3 brokerage in the US.
-
How to invest in silver in Australia
Here's a guide to your different investment options, the benefits of investing in silver and the possible risks.
-
How to invest in gas in Australia
Learn how to invest in natural gas, and about gas's historical performance as an investment. Find out all the need-to-knows with our extensive guide.
-
Selfwealth review: Cheap, fixed-fee share trading
SelfWealth online share trading provides easy access to the Australian share market with a flat brokerage fee per trade, no matter the size.
-
The cheapest stock brokers in Australia (Oct 2024)
Find cheap stock brokerage in Australia when buying and selling shares on the ASX and other international exchanges.
-
How to open a share trading account
If you're looking to start your investment journey, here's how to open a share trading account.
-
What is a managed fund?
What are managed funds? Read our guide and learn the different types of managed funds available.
Ask a question