Aurizon Holdings Ltd
AZJ: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$1.90 | Qbjl | Qbqwdyzp |
Aurizon Earnings: Shortsighted Market Overreacts as Rebound Misses Expectations
Narrow-moat Aurizon’s fiscal 2024 EBITDA increased 14% to AUD 1.62 billion on solid growth across all divisions. While it was a good result, EBITDA was 3% below our expectations mainly because of a soft second-half performance in coal haulage. Similarly, the midpoint of fiscal 2025 EBITDA guidance of AUD 1.66 million-AUD 1.74 million is 4% below our prior expectations and we downgrade our forecast in line with this.