Transurban Group: FY20 result
About the author:
- Author name:
- By Nathan Lead
- Job title:
- Senior Analyst
- Date posted:
- 17 August 2020, 10:30 AM
- Sectors Covered:
- Infrastructure, Utilities
- With TCL facing full patronage risk on its assets, COVID-19 had a significant
impact on its FY20 results.
- We’re expecting a weaker year in FY21, before rapid recovery in FY22-23F.
- We forecast a 36 cents per share DPS for FY21F, implying <3% cash yield.
12 month target price lifts slightly (login to view).
- Given the stock looks to be fairly
valued and with a low distribution yield, we retain a Hold rating.
View my analysis on the FY20 result below or access detailed research note by logging in. (Morgans clients only).
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