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

$4.17

25 Jun
2026

-0.010

OPEN

$4.21

-0.24%

HIGH

$4.21

5,932,465

LOW

$4.13

TARGET
$3.648 -12.5% downside
Franking for last dividend paid out: 90%
OTHER COMPANIES IN THE SAME SECTOR
ACE . AIZ . AQZ . AVD . BWN . BXB . CLX . ERD . FRW . KLS . KSC . LAU . NTD . QAN . QUB . SPZ . SST . THL . VGN . WTC .
FNARENA'S MARKET CONSENSUS FORECASTS
AZJ: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 21.1 26.2 xxx
DPS (cps) xxx 23.0 23.8 xxx
EPS Growth xxx 24.4% 24.4% xxx
DPS Growth xxx 46.5% 3.7% xxx
PE Ratio xxx N/A 14.1 xxx
Dividend Yield xxx N/A 6.4% xxx
Div Pay Ratio(%) xxx 109.1% 90.9% xxx

Dividend yield today if purchased 3 years ago: 6.37%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.20

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: 31/08 - ex-div 10.50c (franking 90%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx21.1
DPS All xxxxxxxxxxxxxxx23.0
Sales/Revenue xxxxxxxxxxxxxxx4,097.0 M
Book Value Per Share xxxxxxxxxxxxxxx214.0
Net Operating Cash Flow xxxxxxxxxxxxxxx1,137.0 M
Net Profit Margin xxxxxxxxxxxxxxx8.84 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx9.02 %
Return on Invested Capital xxxxxxxxxxxxxxx4.04 %
Return on Assets xxxxxxxxxxxxxxx3.03 %
Return on Equity xxxxxxxxxxxxxxx9.02 %
Return on Total Capital xxxxxxxxxxxxxxx9.12 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx72.0 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx249 M
Long Term Debt xxxxxxxxxxxxxxx5,380 M
Total Debt xxxxxxxxxxxxxxx5,629 M
Goodwill - Gross xxxxxxxxxxxxxxx57 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx128 M
Price To Book Value xxxxxxxxxxxxxxx1.95

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx751.0 M
Capex % of Sales xxxxxxxxxxxxxxx18.33 %
Cost of Goods Sold xxxxxxxxxxxxxxx3,207 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx17 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx82 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

-0.5

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Morgans

18/02/2026

4

Trim

$3.23

-22.54%

Morgans describes Aurizon Holdings' interim results as mixed, with dividend and buyback upgrades outweighing unchanged earnings guidance and the non-sale of the Network business.

The broker notes earnings beat consensus and FY26 dividend guidance lifted to 22-23c from 19-22c, implying a circa 6% yield, alongside a $100m buyback addition.

Coal and Bulk improved, yet the analyst cautions on contract risk, rising costs and a FY28 Network revenue reset.

Morgans retains a Trim rating, given medium-term earnings headwinds combined with high capital intensity. The target is raised to $3.23 from $2.89 on updated forecasts and a valuation roll-forward.

FORECAST
Morgans forecasts a full year FY26 dividend of 23.00 cents and EPS of 25.40 cents.
Morgans forecasts a full year FY27 dividend of 25.70 cents and EPS of 28.60 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxxxxxxx xx xxxx xxxx xxxxxxx

$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

11/05/2026

3

Downgrade to Neutral from Overweight

$4.15

-0.48%

Jarden downgrades Aurizon Holdings to a Neutral rating from Overweight and raises the target price to $4.15 from $3.90 following a trading update highlighting softer coal volumes and fuel cost headwinds.

The broker notes management maintained FY26 underlying EBITDA guidance of $1,680m to $1,750m, expecting earnings to land closer to the midpoint of $1,715m.

A lag in recovering diesel costs within the Bulk and Containerised Freight segments creates a -$10m drag on fourth-quarter earnings, compounding weaker Above Rail coal volumes hampered by weather and customer impacts.

To reflect these pressures alongside revised coal volume growth assumptions of 1.2% for FY26, the report cuts earnings per share forecasts to 24.6c from 25.0c in FY26, and to 28.2c from 28.7c in FY27.

Despite the earnings reductions, the valuation increases due to a re-rating of offshore peer multiples and adjustments to the underlying discount rate model.

FORECAST
Jarden forecasts a full year FY26 dividend of 22.30 cents and EPS of 24.60 cents.
Jarden forecasts a full year FY27 dividend of 26.70 cents and EPS of 28.20 cents.
Access Extra Coverage Research History >

AZJ STOCK CHART

FNArena News on AZJ

Latest Transportation & Logistics News

1
Brambles: Worth Holding

May 17 2022 - Technicals
2
Brambles In The Weeds Over Plastic Indecision

Apr 26 2022 - Australia
3
Treasure Chest: Brambles Sour On The Palate

Dec 21 2021 - Treasure Chest
4
Treasure Chest: Aurizon, ESG Victim

Dec 14 2021 - Treasure Chest
5
Treasure Chest: Alliance Aviation Ready For Take Off

Nov 12 2021 - Treasure Chest
6
Qantas: Just Watch For Now

Oct 05 2021 - Technicals
7
Brambles Has Great Expectations For Plastic

Sep 16 2021 - Australia
8
Tough Ask As Aurizon Speeds Up Bulk Haulage

Aug 11 2021 - Australia
9
Charting A New Course In The Shipping Industry

Jun 09 2021 - International
10
Qantas On Recovery Route, Profits A Bit Longer

Mar 15 2021 - Australia