TCL and Brambles Ltd: 2 ASX shares to dig into

The Transurban Group (ASX:TCL) share price is down 1.9% since the start of 2025. It's probably worth asking, 'is the TCL share price cheap?'
The Transurban Group (ASX:TCL) share price is down 1.9% since the start of 2025. The Brambles Ltd (ASX:BXB) share price is tracking 48.5% off its 52-week lows.

TCL share price in focus

Transurban, founded in 1999, manages and develops urban toll road networks in Australia, Canada and the United States.

Transurban has an interest in 22 urban motorways across its portfolio. Some of its notable motorways include the CityLink in Melbourne, Hills M2 in Sydney and the Logan Motorway in Brisbane.

Transurban invests heavily in the development of new projects which are paid back through collecting toll revenue from motor vehicles.

BXB shares

Brambles operates the world’s largest pool of reusable pallets, crates, and containers, providing essential support to global supply chains.

The company is best known for its CHEP brand, which operates across the Asia-Pacific, Americas, and Europe, Middle East, and Africa (EMEA) regions.

TCL & BXB share price valuation

One way to have a ‘quick read’ of where the TCL share price is could be to study something like dividend yield over time. This can give us a sense of the stability of the company and whether they can consistently pay out a percentage of profits.

Remember, the dividend yield is basically the ‘cash flow’ to a shareholder, but it can fluctuate year-to-year or between payments. Currently, Transurban Group shares have a dividend yield of around 4.70%, compared to its 5-year average of 3.64%. In other words, TCL shares are trading higher than their historical average dividend yield. Be careful how you interpret this information though – it could mean that dividends are growing, or it could mean the share price is falling, or both. In the case of TCL, the annual report shows last year’s dividend was greater than the 3-year average, so the dividend has been growing.

BXB is offering a historical dividend yield of around 2.48%, which compares to its 5-year average of 2.66%. This is just one of many ways you could put a value on BXB shares. The Rask websites offer free online investing courses, created by analysts explaining valuation methods like Discounted Cash Flow (DCF) and Dividend Discount Models (DDM). They even include free valuation spreadsheets which can help you learn how to value a company like TCL or BXB.

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