Auckland International Airport
Market Cap
NZ$11.3b
Last Updated
2020/11/24 10:34 UTC
Data Sources
Company Financials +
Executive Summary
Auckland International Airport Limited provides airport facilities, supporting infrastructure, and aeronautical services in Auckland, New Zealand. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with adequate balance sheet.
Share Price & News
How has Auckland International Airport's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AIA is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: AIA's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-1.7%
AIA
-1.0%
NZ Infrastructure
-1.3%
NZ Market
1 Year Return
-15.0%
AIA
-8.0%
NZ Infrastructure
9.0%
NZ Market
Return vs Industry: AIA underperformed the NZ Infrastructure industry which returned -9% over the past year.
Return vs Market: AIA underperformed the NZ Market which returned 9.5% over the past year.
Shareholder returns
| AIA | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.7% | -1.0% | -1.3% |
| 30 Day | 4.1% | 1.2% | 1.1% |
| 90 Day | 17.5% | 9.6% | 5.4% |
| 1 Year | -15.0%-15.0% | -7.4%-8.0% | 13.1%9.0% |
| 3 Year | 26.9%18.4% | 32.2%17.3% | 48.0%29.2% |
| 5 Year | 65.5%44.5% | 77.4%45.2% | 98.4%50.9% |
Long-Term Price Volatility Vs. Market
How volatile is Auckland International Airport's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Should You Think About Buying Auckland International Airport Limited (NZSE:AIA) Now?2 weeks ago | Simply Wall St
Who Has Been Buying Auckland International Airport Limited (NZSE:AIA) Shares?4 weeks ago | Simply Wall St
The Auckland International Airport (NZSE:AIA) Share Price Has Gained 36% And Shareholders Are Hoping For MoreValuation
Is Auckland International Airport undervalued compared to its fair value and its price relative to the market?
50.54x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AIA (NZ$7.66) is trading above our estimate of fair value (NZ$1.04)
Significantly Below Fair Value: AIA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AIA's PE Ratio (50.5x) is in line with the NZ Infrastructure industry average.
PE vs Market: AIA is poor value based on its PE Ratio (50.5x) compared to the NZ market (23x).
Price to Earnings Growth Ratio
PEG Ratio: AIA is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: AIA is good value based on its PB Ratio (1.7x) compared to the NZ Infrastructure industry average (2.2x).
Next Steps
Future Growth
How is Auckland International Airport forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
20.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AIA's forecast earnings growth (20.3% per year) is above the savings rate (2.6%).
Earnings vs Market: AIA's earnings (20.3% per year) are forecast to grow faster than the NZ market (11.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: AIA's revenue (14.2% per year) is forecast to grow faster than the NZ market (5.7% per year).
High Growth Revenue: AIA's revenue (14.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AIA's Return on Equity is forecast to be low in 3 years time (3.8%).
Next Steps
Past Performance
How has Auckland International Airport performed over the past 5 years?
14.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AIA has high quality earnings.
Growing Profit Margin: AIA's current net profit margins (34.8%) are lower than last year (71.2%).
Past Earnings Growth Analysis
Earnings Trend: AIA's earnings have grown by 14.7% per year over the past 5 years.
Accelerating Growth: AIA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AIA had negative earnings growth (-63%) over the past year, making it difficult to compare to the Infrastructure industry average (-13.8%).
Return on Equity
High ROE: AIA's Return on Equity (2.9%) is considered low.
Next Steps
Financial Health
How is Auckland International Airport's financial position?
Financial Position Analysis
Short Term Liabilities: AIA's short term assets (NZ$848.5M) exceed its short term liabilities (NZ$467.3M).
Long Term Liabilities: AIA's short term assets (NZ$848.5M) do not cover its long term liabilities (NZ$2.2B).
Debt to Equity History and Analysis
Debt Level: AIA's debt to equity ratio (34.4%) is considered satisfactory.
Reducing Debt: AIA's debt to equity ratio has reduced from 57.4% to 34.4% over the past 5 years.
Debt Coverage: AIA's debt is not well covered by operating cash flow (7.7%).
Interest Coverage: AIA's interest payments on its debt are well covered by EBIT (3.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Auckland International Airport current dividend yield, its reliability and sustainability?
1.16%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AIA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AIA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AIA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AIA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: AIA is not paying a notable dividend for the NZ market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AIA's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average management tenure
CEO
Adrian Littlewood
8yrs
Tenure
NZ$2,344,456
Compensation
Mr. Adrian Littlewood, BA, LLB has been the Chief Executive Officer at Auckland International Airport Limited since November 12, 2012. Mr. Littlewood served as General Manager of Retail and Commercial of A...
CEO Compensation Analysis
Compensation vs Market: Adrian's total compensation ($USD1.62M) is about average for companies of similar size in the NZ market ($USD1.41M).
Compensation vs Earnings: Adrian's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 8yrs | NZ$2.34m | 0.017% NZ$ 1.9m | |
| Chief Financial Officer | 4.92yrs | no data | 0.0049% NZ$ 551.9k | |
| General Manager of Operations | 2.5yrs | no data | 0.0015% NZ$ 171.6k | |
| General Manager of Technology & Marketing | 1.5yrs | no data | no data | |
| General Manager of Corporate Services & General Counsel | 2.08yrs | no data | no data | |
| Head of Communications & External Relations | no data | no data | no data | |
| Head of Strategy | no data | no data | no data | |
| Deputy Company Secretary | no data | no data | no data |
2.5yrs
Average Tenure
Experienced Management: AIA's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Non-Executive Director | 2.58yrs | NZ$154.18k | 0.0014% NZ$ 162.5k | |
| Independent Chair of the Board | 2.08yrs | NZ$243.81k | 0.0017% NZ$ 187.4k | |
| Independent Non-Executive Director | 2yrs | NZ$141.26k | 0.00020% NZ$ 22.6k | |
| Independent Non-Executive Director | 8.33yrs | NZ$184.77k | 0.0025% NZ$ 277.7k | |
| Independent Non-Executive Director | 3.08yrs | NZ$176.67k | 0.00040% NZ$ 45.1k | |
| Independent Non-Executive Director | 6.08yrs | NZ$178.35k | 0.00090% NZ$ 101.6k | |
| Independent Non-Executive Director | 2yrs | NZ$152.50k | 0.00020% NZ$ 22.6k | |
| Independent Director | 1.08yrs | NZ$95.12k | 0.00011% NZ$ 12.4k |
2.3yrs
Average Tenure
Experienced Board: AIA's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AIA insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.
Top Shareholders
Company Information
Auckland International Airport Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Auckland International Airport Limited
- Ticker: AIA
- Exchange: NZSE
- Founded: 1988
- Industry: Airport Services
- Sector: Transportation
- Market Cap: NZ$11.287b
- Shares outstanding: 1.47b
- Website: https://www.aucklandairport.co.nz
Number of Employees
Location
- Auckland International Airport Limited
- 4 Leonard Isitt Drive
- Auckland Airport Business District
- Manukau
- 2022
- New Zealand
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BZTA | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jul 1998 |
| AIA | NZSE (New Zealand Stock Exchange) | Yes | Ordinary Shares | NZ | NZD | Jul 1998 |
| AIA | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jul 1998 |
| ACKD.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jul 1998 |
| AIA | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jul 1998 |
| AUKN.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | Oct 2008 |
Biography
Auckland International Airport Limited provides airport facilities, supporting infrastructure, and aeronautical services in Auckland, New Zealand. The company operates through three segments: Aeronautical,...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/24 10:34 |
| End of Day Share Price | 2020/11/24 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.