AURIZON HOLDINGS LIMITED (AZJ)
Share Price Analysis and Chart

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AZJ

AZJ - AURIZON HOLDINGS LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 3.68
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Aurizon Holdings is Australia's largest freight rail transport company. Formerly a Queensland Government-owned company, it was privatised and floated on the ASX in 2010.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.57

03 Feb
2026

-0.040

OPEN

$3.60

-1.11%

HIGH

$3.60

5,177,834

LOW

$3.52

TARGET
$3.288

+0.01 change from previous day

 -7.9% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ACE . AIZ . AQZ . AVD . BWN . BXB . CLX . ERD . KLS . KSC . LAU . NTD . QAN . QUB . SPZ . SST . THL . WTC .
FNARENA'S MARKET CONSENSUS FORECASTS
AZJ: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 16.9 24.2 xxx
DPS (cps) xxx 15.7 19.5 xxx
EPS Growth xxx - 23.2% 42.9% xxx
DPS Growth xxx - 7.6% 23.9% xxx
PE Ratio xxx N/A 15.0 xxx
Dividend Yield xxx N/A 5.4% xxx
Div Pay Ratio(%) xxx 92.7% 80.4% xxx

Dividend yield today if purchased 3 years ago: 4.22%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.34

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 01/09 - ex-div 6.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx16.9
DPS All xxxxxxxxxxxxxxx15.7
Sales/Revenue xxxxxxxxxxxxxxx3,869.0 M
Book Value Per Share xxxxxxxxxxxxxxx233.4
Net Operating Cash Flow xxxxxxxxxxxxxxx1,118.0 M
Net Profit Margin xxxxxxxxxxxxxxx7.83 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx7.11 %
Return on Invested Capital xxxxxxxxxxxxxxx3.54 %
Return on Assets xxxxxxxxxxxxxxx2.55 %
Return on Equity xxxxxxxxxxxxxxx7.11 %
Return on Total Capital xxxxxxxxxxxxxxx7.97 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx138.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx997 M
Long Term Debt xxxxxxxxxxxxxxx4,504 M
Total Debt xxxxxxxxxxxxxxx5,501 M
Goodwill - Gross xxxxxxxxxxxxxxx57 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx64 M
Price To Book Value xxxxxxxxxxxxxxx1.30

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx696.0 M
Capex % of Sales xxxxxxxxxxxxxxx17.99 %
Cost of Goods Sold xxxxxxxxxxxxxxx3,017 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx91 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx107 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.1

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

19/08/2025

3

Neutral

$3.25

-8.96%

Aurizon Holdings' FY25 EBITDA was pre-released and was in line with expectations. Normalised EPS and DPS met UBS' forecast but slightly missed the consensus.

The company announced a new buyback program of $150m vs the broker's expectation of $80m.

FY26 underlying EBITDA guidance of $1.68-1.75bn was towards the lower end of the broker's $1.692bn forecast. The broker considered whether it is too conservative but reckons growing EBITDA by $140m to guidance midpoint is a tough task.

DPS yield is seen as a floor, but valuation support is considered to be limited at current levels. The broker notes strategic optionality around Network/capital structure is a potential swing factor, but risks remain non-coal diversification takes longer to deliver.

Neutral. Target unchanged at $3.25.

FORECAST
UBS forecasts a full year FY26 EPS of 24.00 cents.
UBS forecasts a full year FY27 EPS of 27.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

4

xxxxxxxxx xx xxxx xxxx xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

21/01/2026

3

Neutral

$3.45

-3.36%

Previewing the 1H26 result, Jarden expects Aurizon to report softer earnings, reflecting lower above-rail volumes and ongoing pressure across bulk and general freight, despite more stable coal haulage conditions.

The broker notes coal volumes are expected to be broadly resilient, but upside is limited by customer mix and operational variability, while non-coal segments continue to face subdued demand and competitive pricing.

Jarden believes capital discipline and cost control will remain in focus, but sees limited scope for near-term earnings upgrades, with guidance commentary likely to be the key driver of share price performance.

Target price rises to $3.45 from $3.15 with no change to Neutral rating.

FORECAST
Jarden forecasts a full year FY26 dividend of 19.30 cents and EPS of 24.10 cents.
Jarden forecasts a full year FY27 dividend of 23.10 cents and EPS of 28.90 cents.
Access Extra Coverage Research History >

AZJ STOCK CHART

FNArena News on AZJ

Latest Transportation & Logistics News

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May 17 2022 - Technicals
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3
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4
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Dec 14 2021 - Treasure Chest
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Nov 12 2021 - Treasure Chest
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8
Tough Ask As Aurizon Speeds Up Bulk Haulage

Aug 11 2021 - Australia
9
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Jun 09 2021 - International
10
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Mar 15 2021 - Australia