Auckland International Airport Limited

DB:BZTA Stock Report

Market Cap: €7.6b

Auckland International Airport Valuation

Is BZTA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BZTA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€0.58
Fair Value
662.9% overvalued intrinsic discount
10
Number of Analysts

Below Fair Value: BZTA (€4.4) is trading above our estimate of fair value (€0.58)

Significantly Below Fair Value: BZTA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BZTA?

Key metric: As BZTA is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for BZTA. This is calculated by dividing BZTA's market cap by their current revenue.
What is BZTA's PS Ratio?
PS Ratio16.4x
SalesNZ$857.00m
Market CapNZ$14.08b

Price to Sales Ratio vs Peers

How does BZTA's PS Ratio compare to its peers?

The above table shows the PS ratio for BZTA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.8x
FRA Fraport
1.2x2.3%€5.2b
LHA Deutsche Lufthansa
0.2x1.8%€6.7b
SIX2 Sixt
0.9x6.5%€3.3b
HHFA Hamburger Hafen und Logistik
0.8x5.2%€1.3b
BZTA Auckland International Airport
16.4x13.0%€14.1b

Price-To-Sales vs Peers: BZTA is expensive based on its Price-To-Sales Ratio (16.4x) compared to the peer average (0.8x).

Price to Sales Ratio vs Industry

How does BZTA's PS Ratio compare vs other companies in the European Infrastructure Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
BZTA 16.4xIndustry Avg. 1.9xNo. of Companies8PS0246810+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: BZTA is expensive based on its Price-To-Sales Ratio (16.4x) compared to the European Infrastructure industry average (1.9x).

Price to Sales Ratio vs Fair Ratio

What is BZTA's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BZTA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio16.4x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate BZTA's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BZTA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€4.49
0%
8.5%€5.32€3.91n/a10
Jan ’26n/a
€4.49
0%
8.5%€5.32€3.91n/a10
Dec ’25n/a
€4.55
0%
6.3%€5.07€4.01n/a10
Nov ’25n/a
€4.61
0%
5.1%€5.06€4.32n/a9
Oct ’25€3.86
€4.40
+14.1%
10.0%€4.88€3.19n/a10
Sep ’25n/a
€4.48
0%
10.2%€5.08€3.19n/a11
Aug ’25€4.04
€4.51
+11.6%
11.2%€5.07€3.15n/a11
Jul ’25n/a
€4.77
0%
11.4%€5.42€3.24n/a11
Jun ’25€4.38
€4.77
+8.9%
11.4%€5.42€3.24n/a11
May ’25€4.48
€4.69
+4.6%
11.7%€5.30€3.17n/a11
Apr ’25n/a
€4.81
0%
11.2%€5.44€3.25n/a12
Mar ’25n/a
€4.81
0%
11.2%€5.44€3.25n/a12
Feb ’25€4.66
€4.85
+4.1%
5.6%€5.40€4.38n/a12
Jan ’25€4.92
€4.79
-2.7%
6.2%€5.40€4.36n/a12
Dec ’24n/a
€4.71
0%
8.5%€5.33€4.01n/a12
Nov ’24€4.00
€4.71
+17.7%
8.5%€5.33€4.01n/a12
Oct ’24€4.38
€4.66
+6.5%
7.7%€5.23€3.94€3.8612
Sep ’24€4.30
€4.66
+8.4%
7.7%€5.23€3.94n/a12
Aug ’24€4.58
€4.77
+4.2%
9.1%€5.35€4.03€4.0411
Jul ’24€4.66
€4.75
+1.9%
9.5%€5.34€3.91n/a11
Jun ’24€4.82
€4.82
-0.06%
9.3%€5.64€4.32€4.388
May ’24€4.78
€4.82
+0.8%
9.3%€5.64€4.32€4.488
Apr ’24€4.86
€4.81
-1.1%
10.7%€5.74€4.02n/a9
Mar ’24€5.00
€4.72
-5.7%
8.3%€5.39€4.09n/a10
Feb ’24€4.96
€4.50
-9.4%
7.0%€5.09€3.97€4.6610
Jan ’24€4.52
€4.47
-1.2%
7.3%€5.08€3.96€4.9210
Analyst Price Target
Consensus Narrative from 10 Analysts
€4.36
Fair Value
1.0% overvalued intrinsic discount
10
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/10 04:24
End of Day Share Price 2025/01/02 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Auckland International Airport Limited is covered by 26 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightAPP Securities Pty Ltd.
David FraserAPP Securities Pty Ltd.
Roy HarrisonBofA Global Research