NEWS.com.au |
Fox Sports |
Newspapers |
CareerOne |
carsguide |
TrueLocal |
Real Estate |
MySpace AU

Company Information

Company at a Glance

Industry:
Road & Rail
Fiscal Year-End:
n/a NaN

Company Overview

Asciano Group (AIO) is a transport infrastructure business, with a focus on ports and rail. Its portfolio includes Pacific National and Patrick's. These two businesses own and operate container terminals, bulk export facilities, stevedoring equipment and associated services, and extensive rail operations.

Company History

The Toll business was founded in 1888 by Albert Toll in Newcastle. It became part of the Peko Wallsend Group in the 1960s, transporting goods associated with diversified mining and manufacturing activities. In 1986, Toll was sold to a management buyout team led by TOL CEO Paul Little and former Chairman of the Toll board Peter Rowsthorn. On 1 June 2007, the Supreme Court of Victoria approved the restructure of the Toll Group into two market-leading, ASX-listed entities - Toll and Asciano.

Industries Of Operation

Asciano controls a unique transport infrastructure portfolio, including 100% of Pacific National and the Patrick container ports as well as the combined port operations and stevedoring businesses of Toll and Patrick Corporation. Asciano focuses on investment opportunities in ports, rail, airports, toll roads and similar transport infrastructure assets within the transport sector in Australia and internationally.

Differentiating Factor

Asciano is the only exposure to stevedoring in the ASX. We believe its excellent exposure to cash-generating assets and its market leader position are its solid differentiating factors.

Major Customers & Competitors

Pacific National’s key rail competitors are Queensland Rail, SCT and FreightLink.

Research provided by  

Market Statistics

Market Cap ($M):
4,945.1
Equiv. Shares (M):
2,926.1
% All Ords:
0.39
12Mth Range ($):
1.44 - 1.94
Turnover ($M pa):
6,700.2
Index:
S&P/ASX 50
Sector:
Industrials
Industry Group:
Transportation
Industry:
Road & Rail
Sub Industry:
Railroads

Last 5 Market Sensitive Announcements

Date
Announcment
01-Jul-10 08:34
Middlemount Project Secures Long Term Rail Contract
01-Jul-10 08:34
Asciano signs long term contract with Middlemount Coal Pty L
28-Jun-10 12:17
Asciano announces Corporatisation plans
28-Jun-10 12:12
Asciano completes critical step in medium term debt strategy
16-Jun-10 15:33
FY10 - No Final Distribution

Calendar Of Events

Date
Event
24-Feb-10
Reporting Date for Half Yearly Result
23-Oct-09
AGM Date for Final Year Result
26-Aug-09
Reporting Date for Final Year Result
22-Jul-09
EGM Date for Special Event
25-Feb-09
Reporting Date for Half Yearly Result

Directors

Name
Position
T Poole
Chairman
M Rowsthorn
CEO & Director
P George
non-executive director
C Barlow
non-executive director
P Mcgregor
Director
J Atkins
Director of PIML
M Broomhead
non-executive director

Management

Name
Position
M Rowsthorn
CEO
D Telford
Head of Operations

Substantial Shareholders

Name
% Holding
UBS Nominees Pty Ltd
7.2
BT Investment & Westpac Banking Corp
7.0
Fully Paid stapled securities
7.0
Ausbil Dexia Limited
6.3
Commonwealth Bank
5.3
Capital Group Companies
5.1

Consensus Recommendation Summary


0
1
3
3
6
Sell Under Perf. Hold Out Perf. Buy

Number of Brokers in Recommendation Summary: 13

Consensus Earnings

FY10 FY11
Consensus EPS1 (c) 6.0 8.9
EPS Growth (%)   47.4
P/E Ratio (x) 28.0 19.0
P/E Rel. All Ords (x) 2.51 n/a
P/E Rel. Sector (x) n/a n/a
Number of Brokers in Earnings Survey: 11 11

1. Consensus EPS is generally "reported EPS" but will vary as to whether it is on a pre or post preference earnings basis. This number is not always on the same basis as the Aegis EPS.

Historical Forecast Earnings And Recommendations

Consensus Recommendations

Consensus information provided by Reuters.

Consensus EPS Forecasts 1

1. Consensus EPS is generally "reported EPS" but will vary as to whether it is on a pre or post preference earnings basis. This number is not always on the same basis as the Aegis EPS.

Peer Recommendation Comparison

  P/E (x) EPS Chg (%) Dividend Yield (%) MktCap ($M) Price ($) Consensus Rec
  09A 09A 09A    
Transurban (<99) (85.2) 5.3 6,337.7 4.48 Out Perf.
Qantas Airways 29.2 (82.1) 3.0 5,594.9 2.47 Out Perf.
MAp Airports Limited 13.8 (203.0) 7.1 5,509.2 2.96 Out Perf.
Asciano Group >99 (70.5) 0.0 4,945.1 1.69 Out Perf.
Toll Holdings 14.6 (17.1) 4.0 4,175.0 5.94 Out Perf.

Tools

Advertisement

Wealth

Go for growth assets

Go for growth assets

James Dunn

THE increasing longevity of Australians means super investments must work harder for longer.

More Wealth Coverage

Also in The Australian Today

THE AUSTRALIAN

I'm in the fight of my life: Gillard

JULIA Gillard is in the "fight of her life" after polls gave the Coalition an election-winning lead heading into the...

Australian IT

Kramer quits as Telstra restructures

TELSTRA product management boss Holly Kramer has resigned amid a massive reshuffle at the top deck and the creation of new business...

Higher Education

Private schools 'to lose appeal'

PARENTS could be reluctant to fork out expensive private school fees because of changes in university entry tests.

Politics

Anglers caught up in Tiwi permits net

RECREATIONAL fishermen are being held to ransom as a funding row between the Tiwi Land Council and the NT government drags on.