EarningsATO reported FY24 EPS of $6.83/sh, beating Mizuho and consensus estimates and topping the high-end of guidance range.
Growth PotentialATO's five-year capex update represented a +41% increase from the prior plan, indicating confidence in future growth.
ValuationA premium valuation for ATO is reflected in the raised P/E target multiple, which aligns with secular sector multiple expansion.