Transurban Group: FY20 result

About the author:

Nathan Lead
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.

Watch

View my analysis on the FY20 result below or access detailed research note by logging in. (Morgans clients only).

Looking for more?

Reporting calendar

Individual company reporting dates, our stock recommendations and our analyst comments. View now.

More reporting season analysis

Find out more

Morgans clients can access further analysis by browsing the latest research on our client website. If you would like access or more information, please contact your adviser or nearest Morgans office. Alternatively, feel free to listen to more podcasts and our 'Reporting Season – August 2020 ' playlist on Soundcloud.

Need access to our research?

You are also welcome to start a two-week trial of our online platform, which provides access to detailed market analysis and insights, provided by our award-winning research team

Create trial account 

Disclaimer: The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents (“Morgans”) do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.

  • Print this page
  • Copy Link