When brokers talk about TCL , you get the impression they are talking about a quasi utility with no growth.
Nothing can be further from the truth.
Motley...............
Transurban Group
It may be surprising to class Transurban Group(ASX: TCL) as a growth stock. After all, the operation of toll roads and tunnels is perhaps viewed by many investors as a quasi-utility rather than a high-growth area. However, Transurban has increased its earnings by 19.1% per annum over the last ten years and, looking ahead, is expected to up this rate of growth over the next two years, with annualised growth of 29.4% being forecast.
Despite such a bright growth profile, Transurban trades on a PEG ratio of just 1.28, which is less than the ASX’s PEG ratio of 2.31. And, with a yield of 3.7%, Transurban also offers a great income to go alongside its value and growth appeal.
TCL Price at posting:
$9.74 Sentiment: Hold Disclosure: Held
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