Financials Auckland International Airport Limited

Equities

AIA

NZAIAE0002S6

Airport Services

End-of-day quote New Zealand S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
7.75 NZD -1.52% Intraday chart for Auckland International Airport Limited -1.27% -11.93%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,931 9,675 10,706 10,574 12,593 11,472 - -
Enterprise Value (EV) 1 14,085 11,055 12,019 12,026 13,875 14,172 15,324 16,380
P/E ratio 22.7 x 43.2 x 23.1 x 55.2 x 292 x 42 x 37.7 x 33.5 x
Yield 2.26% - - - - 1.72% 1.95% 2.23%
Capitalization / Revenue 16 x 17.1 x 38.1 x 35.2 x 20.1 x 12.9 x 11.2 x 9.68 x
EV / Revenue 18.9 x 19.5 x 42.8 x 40 x 22.2 x 15.9 x 15 x 13.8 x
EV / EBITDA 25.4 x 42.5 x 70.1 x 83.2 x 34.9 x 22.8 x 20.4 x 18.3 x
EV / FCF 289 x -145 x -86.5 x -418 x -99.1 x -17.4 x -17.8 x -22.8 x
FCF Yield 0.35% -0.69% -1.16% -0.24% -1.01% -5.74% -5.63% -4.38%
Price to Book 1.98 x 1.46 x 1.35 x 1.3 x 1.5 x 1.35 x 1.34 x 1.3 x
Nbr of stocks (in thousands) 1,211,317 1,472,551 1,472,647 1,472,686 1,472,821 1,480,234 - -
Reference price 2 9.850 6.570 7.270 7.180 8.550 7.750 7.750 7.750
Announcement Date 8/21/19 8/19/20 8/18/21 8/17/22 8/23/23 - - -
1NZD in Million2NZD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 743.4 567 281.1 300.3 625.9 888.8 1,024 1,185
EBITDA 1 554.8 260.4 171.5 144.5 397.1 621.8 750.7 894.5
EBIT 1 452.6 147.7 46.8 31.4 251.8 451.9 545.2 647.4
Operating Margin 60.88% 26.05% 16.65% 10.46% 40.23% 50.84% 53.22% 54.65%
Earnings before Tax (EBT) 1 631.9 197.4 493.2 169.6 44.2 372 425 493.2
Net income 1 523.5 193.9 464.2 191.6 43.2 265.7 306.5 349.4
Net margin 70.42% 34.2% 165.14% 63.8% 6.9% 29.89% 29.92% 29.49%
EPS 2 0.4340 0.1520 0.3150 0.1300 0.0293 0.1846 0.2057 0.2313
Free Cash Flow 1 48.8 -76.5 -139 -28.8 -140 -813.3 -863.1 -718
FCF margin 6.56% -13.49% -49.45% -9.59% -22.37% -91.51% -84.25% -60.6%
FCF Conversion (EBITDA) 8.8% - - - - - - -
FCF Conversion (Net income) 9.32% - - - - - - -
Dividend per Share 2 0.2225 - - - - 0.1334 0.1513 0.1729
Announcement Date 8/21/19 8/19/20 8/18/21 8/17/22 8/23/23 - - -
1NZD in Million2NZD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2 2026 S1 2026 S2
Net sales 1 374.7 192.3 131.5 149.6 126.2 174.1 287.8 338.1 440.5 455 532.5 520.3 610.2 -
EBITDA 1 - - - 83.3 60.3 84.2 189 208.1 310.2 315 - - - -
EBIT 1 - - - 17.9 6.6 24.8 120.3 131.5 225.9 235 278.5 268.4 334.8 -
Operating Margin - - - 11.97% 5.23% 14.24% 41.8% 38.89% 51.28% 51.65% 52.3% 51.58% 54.87% -
Earnings before Tax (EBT) 1 - - - - - 76.3 -1.5 45.7 170.1 190 - - - -
Net income 1 - - - 436.1 108.8 82.8 4.8 38.4 118.7 133 - - - -
Net margin - - - 291.51% 86.21% 47.56% 1.67% 11.36% 26.95% 29.23% - - - -
EPS 2 - - - 0.2959 0.0739 0.0561 0.003300 0.0260 0.0805 0.0900 - - - -
Dividend per Share 2 - - - - - - - - 0.0675 0.0560 0.0700 0.0700 0.0800 0.0800
Announcement Date 2/19/20 8/19/20 2/17/21 8/18/21 2/23/22 8/17/22 2/23/23 8/23/23 2/22/24 - - - - -
1NZD in Million2NZD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,153 1,380 1,313 1,452 1,282 2,700 3,853 4,909
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.881 x 5.299 x 7.658 x 10.05 x 3.229 x 4.342 x 5.132 x 5.488 x
Free Cash Flow 1 48.8 -76.5 -139 -28.8 -140 -813 -863 -718
ROE (net income / shareholders' equity) 4.69% 2.98% -0.57% -0.14% 1.79% 3.31% 3.59% 3.97%
ROA (Net income/ Total Assets) 3.25% 2.16% -0.44% -0.12% 1.41% 2.92% 3.16% 3.38%
Assets 1 16,097 8,997 -105,500 -164,591 3,060 9,087 9,709 10,349
Book Value Per Share 2 4.980 4.510 5.390 5.540 5.690 5.740 5.800 5.940
Cash Flow per Share 2 0.3100 0.1400 0.0400 0.0700 0.2200 0.3000 0.3400 0.4000
Capex 1 284 252 200 225 465 1,187 1,420 1,351
Capex / Sales 38.22% 44.5% 71.15% 74.86% 74.31% 133.58% 138.64% 114.07%
Announcement Date 8/21/19 8/19/20 8/18/21 8/17/22 8/23/23 - - -
1NZD in Million2NZD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
10
Last Close Price
7.75 NZD
Average target price
8.426 NZD
Spread / Average Target
+8.72%
Consensus
  1. Stock Market
  2. Equities
  3. AIA Stock
  4. Financials Auckland International Airport Limited