AUS
NZ
UK
CA
USA
IND
Highlights
- Aurizon Holdings is a rail freight operator which operates through segments: Network, Coal and Bulk
- In FY24, statutory NPAT increased by 22% YoY while revenue jumped 9% YoY
- Mondrian Investment Partners Ltd. has highest stake in the firm with a shareholding of 7.09%
Aurizon Holdings Limited (ASX:AZJ) is an Australia-based rail freight operator, which operates through three segments including Network, Coal and Bulk.
In the financial year 2024 (FY24), the company recorded a 14% YoY rise in its EBITDA to AUD 1,624 million and a 25% YoY increase in the statutory NPAT to AUD 406 million. Meanwhile, free cash flow increased by 123% YoY to AUD 661 million.
Revenue during the year increased by 9% YoY to AUD 3,844 million, backed by higher revenue across freight transport, track access and other services.
Growth prospects for freight and logistics sector
According to the data released by the Australian Bureau of Statistics (ABS) on 11 September 2024, the short-term visitor arrivals to Australia surged by 5.4% YoY to 658,970 in July 2024, while short-term resident returns increased by 15.1% YoY to 1,146,340.
During the reported period, overseas departures and arrivals to and from Australia jumped 10.4% YoY to 1,650,530 and 1,925,260, respectively. The increase in the July overseas travel data bodes well for the freight and logistics sector.
Top 10 shareholders of AZJ
The top 10 shareholders of AZJ hold around 37.95% of the company. Mondrian Investment Partners Ltd. and L1 Capital Pty Ltd. have the highest stake in the firm with a shareholding of nearly 7.09% and 6.10%, respectively.
Recent business update
Through an ASX update dated 16 September 2024, the company announced a buyback of 974,650 securities.
Outlook
In FY25, the company expects to record underlying EBITDA in the range of AUD 1,660 – 1,740 million with growth capex of AUD 125 – 175 million. The expected range of sustaining capital expenditure is AUD 640-720 million, including nearly AUD 80 million for transformation capital for FY25.
Share performance of AZJ
AZJ shares closed 0.58% higher at AUD 3.45 on 16 September 2024. In the last one year, AZJ’s share price has declined by around 4.43% and in the last three months, it has dropped by almost 4.43%.
52-week high of AZJ is AUD 4.07, recorded on 9 April 2024 and 52-week low is AUD 3.16, recorded on 13 August 2024.
AZJ Daily Technical Chart, Source: EODHD/Others
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, and currency, is 16 September 2024. The reference data in this report has been partly sourced from EODHD/Others.
Disclaimer
This article has been prepared by Kalkine Media, echoed on the website kalkinemedia.com/au and associated pages, based on the information obtained and collated from the subscription reports prepared by Kalkine Pty. Ltd. [ABN 34 154 808 312; AFSL no. 425376] on Kalkine.com.au (and associated pages). The principal purpose of the content is to provide factual information only for educational purposes. None of the content in this article, including any news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video is or is intended to be, advisory in nature. The content does not contain or imply any recommendation or opinion intended to influence your financial decisions, including but not limited to, in respect of any particular security, transaction, or investment strategy, and must not be relied upon by you as such. The content is provided without any express or implied warranties of any kind. Kalkine Media, and its related bodies corporate, agents, and employees (Kalkine Group) cannot and do not warrant the accuracy, completeness, timeliness, merchantability, or fitness for a particular purpose of the content or the website, and to the extent permitted by law, Kalkine Group hereby disclaims any and all such express or implied warranties. Kalkine Group shall NOT be held liable for any investment or trading losses you may incur by using the information shared on our website.
