Added to YB: 2024-07-08
Pitch date: 2024-07-05
ALX.AX [neutral]
Atlas Arteria Limited
-7.42%
current return
Author Info
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Company Info
Atlas Arteria Limited owns, develops, and operates toll roads in France, Germany, Australia, Bermuda, and the United States.
Market Cap
AUD 6.4B
Pitch Price
AUD 4.09
Price Target
N/A
Dividend
9.01%
EV/EBITDA
25.07
P/E
24.03
EV/Sales
49.96
Sector
Transportation Infrastructure
Category
dividend
3 Tollway companies - Buffett’s favorite type of business: Atlas Arteria Limited
ALX.AX: ASX-listed tollway co w/ 30%+ APRR stake (France) & 13% Dulles Greenway (US). 8% div yield, high margins. Inflation-hedged pricing power. Buyback program. Cash from ops low due to equity holdings. TSR-linked LTI. 5x capital gain + $20k div on 10k shares since 2014. Predictable cash flows, but priced in. Key risk: APRR concession ends 2035.
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