Transurban Group (TCL) - Net Assets
Based on the latest financial reports, Transurban Group (TCL) has net assets worth AU$9.51 Billion AUD as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$35.57 Billion) and total liabilities (AU$26.05 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$9.51 Billion |
| % of Total Assets | 26.75% |
| Annual Growth Rate | 12.04% |
| 5-Year Change | -14.57% |
| 10-Year Change | 47.31% |
| Growth Volatility | 303.88 |
Transurban Group - Net Assets Trend (1997–2025)
This chart illustrates how Transurban Group's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Transurban Group (1997–2025)
The table below shows the annual net assets of Transurban Group from 1997 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$9.51 Billion | -18.54% |
| 2024-06-30 | AU$11.68 Billion | -12.06% |
| 2023-06-30 | AU$13.28 Billion | -12.79% |
| 2022-06-30 | AU$15.23 Billion | +36.75% |
| 2021-06-30 | AU$11.14 Billion | +26.53% |
| 2020-06-30 | AU$8.80 Billion | -11.12% |
| 2019-06-30 | AU$9.90 Billion | +46.35% |
| 2018-06-30 | AU$6.77 Billion | +16.68% |
| 2017-06-30 | AU$5.80 Billion | -10.20% |
| 2016-06-30 | AU$6.46 Billion | +7.71% |
| 2015-06-30 | AU$6.00 Billion | +0.57% |
| 2014-06-30 | AU$5.96 Billion | +77.18% |
| 2013-06-30 | AU$3.36 Billion | -3.50% |
| 2012-06-30 | AU$3.49 Billion | -12.65% |
| 2011-06-30 | AU$3.99 Billion | -4.41% |
| 2010-06-30 | AU$4.18 Billion | +8.73% |
| 2009-06-30 | AU$3.84 Billion | -5.73% |
| 2008-06-30 | AU$4.07 Billion | +1.44% |
| 2007-06-30 | AU$4.02 Billion | +63.14% |
| 2006-06-30 | AU$2.46 Billion | -26.03% |
| 2005-06-30 | AU$3.33 Billion | +81.17% |
| 2004-06-30 | AU$1.84 Billion | -5.90% |
| 2003-06-30 | AU$1.95 Billion | -5.61% |
| 2002-06-30 | AU$2.07 Billion | +1634.60% |
| 2001-06-30 | AU$119.25 Million | -48.95% |
| 2000-06-30 | AU$233.60 Million | -23.10% |
| 1999-06-30 | AU$303.79 Million | -13.03% |
| 1998-06-30 | AU$349.29 Million | -11.53% |
| 1997-06-30 | AU$394.79 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Transurban Group's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 568900000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$4.04 Billion | 44.02% |
| Other Comprehensive Income | AU$10.82 Billion | 118.01% |
| Total Equity | AU$9.17 Billion | 100.00% |
Transurban Group Competitors by Market Cap
The table below lists competitors of Transurban Group ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Iron Mountain Incorporated
NYSE:IRM
|
$29.90 Billion |
|
Raymond James Financial Inc.
NYSE:RJF
|
$29.91 Billion |
|
Prudential plc
F:PRU2
|
$29.96 Billion |
|
VICI Properties Inc
NYSE:VICI
|
$30.00 Billion |
|
Teledyne Technologies Incorporated
NYSE:TDY
|
$29.85 Billion |
|
Ningxia Baofeng Energy Group Co Ltd
SHG:600989
|
$29.78 Billion |
|
KC40
F:KC40
|
$29.74 Billion |
|
Vestas Wind Systems A/S
CO:VWS
|
$29.67 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Transurban Group's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,039,000,000 to 9,171,000,000, a change of -1,868,000,000 (-16.9%).
- Net income of 133,000,000 contributed positively to equity growth.
- Dividend payments of 2,118,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,716,000,000.
- Other factors increased equity by 1,833,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$133.00 Million | +1.45% |
| Dividends Paid | AU$2.12 Billion | -23.09% |
| Other Comprehensive Income | AU$-1.72 Billion | -18.71% |
| Other Changes | AU$1.83 Billion | +19.99% |
| Total Change | AU$- | -16.92% |
Book Value vs Market Value Analysis
This analysis compares Transurban Group's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.59x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 16.07x to 4.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-06-30 | AU$0.84 | AU$13.56 | x |
| 1998-06-30 | AU$0.75 | AU$13.56 | x |
| 1999-06-30 | AU$0.65 | AU$13.56 | x |
| 2000-06-30 | AU$0.46 | AU$13.56 | x |
| 2001-06-30 | AU$0.22 | AU$13.56 | x |
| 2003-06-30 | AU$3.57 | AU$13.56 | x |
| 2004-06-30 | AU$3.33 | AU$13.56 | x |
| 2005-06-30 | AU$5.34 | AU$13.56 | x |
| 2006-06-30 | AU$2.92 | AU$13.56 | x |
| 2007-06-30 | AU$3.91 | AU$13.56 | x |
| 2008-06-30 | AU$3.26 | AU$13.56 | x |
| 2009-06-30 | AU$2.63 | AU$13.56 | x |
| 2010-06-30 | AU$2.84 | AU$13.56 | x |
| 2011-06-30 | AU$2.46 | AU$13.56 | x |
| 2012-06-30 | AU$2.28 | AU$13.56 | x |
| 2013-06-30 | AU$2.21 | AU$13.56 | x |
| 2014-06-30 | AU$3.64 | AU$13.56 | x |
| 2015-06-30 | AU$2.50 | AU$13.56 | x |
| 2016-06-30 | AU$2.54 | AU$13.56 | x |
| 2017-06-30 | AU$2.19 | AU$13.56 | x |
| 2018-06-30 | AU$2.62 | AU$13.56 | x |
| 2019-06-30 | AU$3.40 | AU$13.56 | x |
| 2020-06-30 | AU$2.87 | AU$13.56 | x |
| 2021-06-30 | AU$3.74 | AU$13.56 | x |
| 2022-06-30 | AU$4.82 | AU$13.56 | x |
| 2023-06-30 | AU$4.09 | AU$13.56 | x |
| 2024-06-30 | AU$3.57 | AU$13.56 | x |
| 2025-06-30 | AU$2.95 | AU$13.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Transurban Group utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.53%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 3.88x
- Recent ROE (1.45%) is above the historical average (-5.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | -45.05% | -352.05% | 0.02x | 8.52x | AU$-128.60 Million |
| 2001 | -95.90% | -37.32% | 0.16x | 16.46x | AU$-126.28 Million |
| 2003 | -4.28% | -35.65% | 0.05x | 2.23x | AU$-278.82 Million |
| 2004 | -3.35% | -23.84% | 0.06x | 2.38x | AU$-245.21 Million |
| 2005 | -2.64% | -29.05% | 0.04x | 2.05x | AU$-420.67 Million |
| 2006 | -2.47% | -14.95% | 0.05x | 3.13x | AU$-307.12 Million |
| 2007 | -4.17% | -30.38% | 0.04x | 3.21x | AU$-513.72 Million |
| 2008 | -3.82% | -22.50% | 0.06x | 2.83x | AU$-516.87 Million |
| 2009 | -0.70% | -3.32% | 0.07x | 2.92x | AU$-375.83 Million |
| 2010 | 1.53% | 7.27% | 0.08x | 2.60x | AU$-327.78 Million |
| 2011 | 3.03% | 10.86% | 0.10x | 2.80x | AU$-258.85 Million |
| 2012 | 1.58% | 4.77% | 0.12x | 2.85x | AU$-292.85 Million |
| 2013 | 5.05% | 14.90% | 0.11x | 2.96x | AU$-168.53 Million |
| 2014 | 4.86% | 25.38% | 0.07x | 2.56x | AU$-298.00 Million |
| 2015 | -3.82% | -9.78% | 0.09x | 4.45x | AU$-658.90 Million |
| 2016 | 1.97% | 4.48% | 0.10x | 4.58x | AU$-404.50 Million |
| 2017 | 5.32% | 8.75% | 0.12x | 5.19x | AU$-210.00 Million |
| 2018 | 8.67% | 14.71% | 0.12x | 4.73x | AU$-74.10 Million |
| 2019 | 1.95% | 4.10% | 0.12x | 4.11x | AU$-704.40 Million |
| 2020 | -1.41% | -3.50% | 0.08x | 4.82x | AU$-898.40 Million |
| 2021 | -4.09% | -14.66% | 0.08x | 3.45x | AU$-1.46 Billion |
| 2022 | 0.13% | 0.56% | 0.09x | 2.70x | AU$-1.42 Billion |
| 2023 | 0.51% | 1.54% | 0.11x | 3.00x | AU$-1.19 Billion |
| 2024 | 2.95% | 7.91% | 0.11x | 3.32x | AU$-777.90 Million |
| 2025 | 1.45% | 3.53% | 0.11x | 3.88x | AU$-784.10 Million |
Industry Comparison
This section compares Transurban Group's net assets metrics with peer companies in the Infrastructure Operations industry.
Industry Context
- Industry: Infrastructure Operations
- Average net assets among peers: $-221,573,376
- Average return on equity (ROE) among peers: 24.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Transurban Group (TCL) | AU$9.51 Billion | -45.05% | 2.74x | $29.89 Billion |
| Atlas Arteria (ALX) | $-980.59 Million | 0.00% | 0.00x | $4.38 Billion |
| Avada Group Ltd (AVD) | $36.65 Million | -48.03% | 1.95x | $6.31 Million |
| Smart Parking Ltd (SPZ) | $12.79 Million | -11.92% | 0.56x | $273.79 Million |
| Ventia Services Group Ltd (VNT) | $44.86 Million | 156.26% | 34.46x | $3.05 Billion |
About Transurban Group
Transurban Group, together with its subsidiaries, engages in the development, operation, management, and maintenance of toll road networks in Australia and North America. The company operates 22 toll roads in Melbourne, Sydney, and Brisbane in Australia; the Greater Washington, the United States; and Montreal, Canada. Transurban Group was founded in 1996 and is based in Docklands, Australia.