Atlas Arteria (ALX) - Research

$7.910

ALX General Information +

ASX Code ALX
Website http://www.atlasarteria.com
GICS Sub-Industry Highways & Railtracks
Market Cap ($M) 5,405
Current Price $7.910
Day High $8.025
Day Low $7.860
Last Close $7.910
Price Movement - ( No change )
Prices as at 16:40, 20 Sep 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

Recommendation


Atlas Arteria (ALX)
BUY
below
HOLD
up to
SELL
above
Current Price
$7.910 as at 16:40, 20 Sep 2019

Price at review
$7.910 on 23 Jul 19

Max Portfolio Weighting

Business Risk

Share Price Risk

ALX Related Research

ALX Company Overview

Business Description

Atlas Arteria (ALX, formerly Macquarie Atlas Roads) comprises Atlas Arteria Limited (ATLAX) and Atlas Arteria International Limited (ATLIX), an exempted mutual fund company incorporated in Bermuda. Macquarie Fund Advisers Pty Limited is the manager/adviser of ATLAX and ATLIX. MFA is a wholly owned subsidiary of Macquarie Group Limited. ALX seeks to invest in global infrastructure assets.

ALX Financial Summary

Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2020 F 328.17 48.03 5.50% 16.47 32.95 4.17% 0.0%
2019 F 310.89 45.51 141.10% 17.38 30.00 3.79% 0.0%
2018 A 127.70 18.88 -9.20% 33.63 24.00 3.78% 0.0%

ALX Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2018 A 2019 F 2020 F 2018 A 2019 F 2020 F 2018 A 2019 F 2020 F
Atlas Arteria (ALX) $5,371M -0.7176 3.7959 0.1465 114.5773 23.8906 20.8378 3.44% 3.82% 4.20%
Transurban Group (TCL) $40,360M -0.6561 0.6434 0.3795 194.3421 118.2546 85.7226 3.99% 4.20% 4.42%

ALX Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.52 30.80 2.32 0.23
Market 0.86 16.80 1.61 1.83
Sector 0.75 20.60 1.92 1.19

ALX Directors

Name Position Start Date
Mr Graeme Bevans Chief Executive Officer, Executive Director 1 Apr 2019
Mr Jeffrey Conyers Non-Executive Chairman, Non-Executive Director 28 Aug 2014
Ms Debra (Debbie) Lyn Goodin Non-Executive Director 1 Sep 2017
Mr Derek Stapley Non-Executive Director 1 Jun 2010
Mr James M Keyes Non-Executive Director 21 Feb 2013
Mr David Bartholomew Non-Executive Director 1 Oct 2018
Mr Jean-Georges Malcor Non-Executive Director 1 Nov 2018
Ms Fiona Beck Non-Executive Director 13 Sep 2019
Dr Nora Lia Scheinkestel Non-Executive Director, Non-Executive Chairman 28 Aug 2014

ALX Management

Name Position
Clayton McCormack Company Secretary
Andrew Davidson Company Secretary - MARIL

ALX Substantial Shareholders

Holding Name
74,314,975 (11.10%) Lazard Asset Management Pacific Co
40,713,558 (5.96%) FIL Limited and the entities
44,715,685 (5.81%) Yarra Capital Management Holdings Pty Ltd
38,929,779 (5.70%) Deutsche Bank AG and its related bodies Corporate
36,534,903 (5.34%) Macquarie Group Limited
34,214,121 (5.01%) Magellan Financial Group Limited
34,163,388 (5%) The Vanguard Group,Inc

ALX Calendar of Events

Date Event
27 August 2020 Report (Interim)
13 March 2020 Report (Annual)
27 February 2020 Report (Prelim)
04 October 2019 Div Pay Date
27 September 2019 Books Close
26 September 2019 Div Ex Date

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