Morningstar trims valuation of Australia's Atlas Arteria after IFM scoops up majority stake

Atlas Arteria

08/07/2026 21:22

** Morningstar cuts fair value estimate for Atlas Arteria Group ALX.AX by 8% to A$4.7 on completion of IFM Investors' takeover offer
** Investment research firm says the stock is now fairly valued, with no incorporation of any asset sales or special dividends, given the uncertainty of strategy post IFM gaining majority interest and retirement of current chairwoman
** Morningstar says Atlas became "increasingly erratic" in its efforts to avoid a takeover
** Adds toll road acquisitions are unlikely to add value unless they are well-timed or have significant synergies with existing assets
** Atlas Arteria up 3.1% so far this year, as of last close

(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))