Atlas Arteria Group
ASX:ALX
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P/FCFE
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Valuation Scenarios
If P/FCFE returns to its Industry Average (31.6), the stock would be worth AU$-0.43 (109% downside from current price).
| Scenario | P/FCFE Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | -349.2 | AU$4.79 |
0%
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| Industry Average | 31.6 | AU$-0.43 |
-109%
|
| Country Average | 18.1 | AU$-0.25 |
-105%
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Forward P/FCFE
Today’s price vs future free cash flow to equity
Peer Comparison
| Market Cap | P/FCFE | P/E | ||||
|---|---|---|---|---|---|---|
| AU |
|
Atlas Arteria Group
ASX:ALX
|
7B AUD | -349.2 | 38.2 | |
| AU |
|
Transurban Group
ASX:TCL
|
43.6B AUD | 14.1 | 92 | |
| IT |
A
|
Atlantia SpA
F:AU9
|
18.7B EUR | -27.8 | 2.7 | |
| FR |
|
Getlink SE
PAR:GET
|
10.3B EUR | 135 | 32.3 | |
| CN |
|
China Merchants Expressway Network Technology Holdings Co Ltd
SZSE:001965
|
63.9B CNY | 12.3 | 14.3 | |
| CN |
|
Jiangsu Expressway Co Ltd
SSE:600377
|
62B CNY | -46 | 13.5 | |
| MX |
|
Aleatica SAB de CV
BMV:ALEATIC
|
142B MXN | 32.7 | 7.3 | |
| CN |
|
Shandong Hi-speed Co Ltd
SSE:600350
|
51.7B CNY | 34.2 | 19.6 | |
| MX |
|
Promotora y Operadora de Infraestructura SAB de CV
BMV:PINFRA
|
120.4B MXN | 18.8 | 8.2 | |
| BR |
|
Motiva Infraestrutura de Mobilidade SA
BOVESPA:MOTV3
|
31.2B BRL | 20.6 | 9.6 | |
| CN |
Z
|
Zhejiang Expressway Co Ltd
HKEX:576
|
46.5B HKD | 12.5 | 7.6 |
Market Distribution
| Min | 0.2 |
| 30th Percentile | 12.5 |
| Median | 18.1 |
| 70th Percentile | 35.6 |
| Max | 5 049.1 |
Other Multiples
Atlas Arteria Group
Glance View
Atlas Arteria Group, a prominent global player in the infrastructure sector, operates a portfolio of essential toll road assets spread across Europe and North America. The company’s origins trace back to the early 2000s, emerging from a strategic union of infrastructure-driven investments, with its roots deeply embedded in the ambitious development of toll road networks. Over the years, Atlas Arteria has meticulously crafted a robust business model that revolves around owning and operating high-quality toll roads, each offering a reliable stream of revenue based on long-term concessions. By capitalizing on the growing global demand for road transportation, particularly in traffic-congested regions, the company has secured its place as a critical facilitator of mobility and trade. The mechanics of Atlas Arteria's revenue generation are straightforward yet effective. The company derives its income primarily from toll collections, a stable revenue mechanism largely immune to economic downturns due to the essential nature of transportation infrastructure. With strategic stakes in key roadways such as the M6 Toll in the UK and the ADELAC in France, Atlas Arteria profits not just from everyday commuters but also long-haul freight traffic. The company emphasizes operational efficiency and technological integration, ensuring seamless toll collection and customer satisfaction, which contribute to sustained traffic volumes. Moreover, their asset management strategy involves continuous improvement and expansion of their toll road networks to meet evolving transport demands. This diligent approach underscores Atlas Arteria Group's success in providing critical infrastructure while generating dependable returns for its stakeholders.