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AIA

Auckland International AirportNZSE:AIA Stock Report

Last Price

NZ$7.75

Market Cap

NZ$11.4b

7D

0.1%

1Y

6.6%

Updated

17 Jan, 2022

Data

Company Financials +
AIA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance3/6
Financial Health2/6
Dividends0/6

AIA Stock Overview

Auckland International Airport Limited provides airport facilities, supporting infrastructure, and aeronautical services in Auckland, New Zealand.

Price History & Performance

Summary of all time highs, changes and price drops for Auckland International Airport
Historical stock prices
Current Share PriceNZ$7.75
52 Week HighNZ$8.34
52 Week LowNZ$6.65
Beta0.84
1 Month Change3.75%
3 Month Change-1.27%
1 Year Change6.60%
3 Year Change4.31%
5 Year Change14.82%
Change since IPO281.07%

Recent News & Updates

Oct 11
Is There Now An Opportunity In Auckland International Airport Limited (NZSE:AIA)?

Is There Now An Opportunity In Auckland International Airport Limited (NZSE:AIA)?

Auckland International Airport Limited ( NZSE:AIA ), is not the largest company out there, but it saw a double-digit...

Aug 20
The Consensus EPS Estimates For Auckland International Airport Limited (NZSE:AIA) Just Fell A Lot

The Consensus EPS Estimates For Auckland International Airport Limited (NZSE:AIA) Just Fell A Lot

The latest analyst coverage could presage a bad day for Auckland International Airport Limited ( NZSE:AIA ), with the...

Shareholder Returns

AIANZ InfrastructureNZ Market
7D0.1%0.8%-1.4%
1Y6.6%-2.9%-6.5%

Return vs Industry: AIA exceeded the NZ Infrastructure industry which returned -2.9% over the past year.

Return vs Market: AIA exceeded the NZ Market which returned -6.5% over the past year.

Price Volatility

Is AIA's price volatile compared to industry and market?
AIA volatility
AIA Average Weekly Movement2.7%
Infrastructure Industry Average Movement2.7%
Market Average Movement3.7%
10% most volatile stocks in NZ Market6.5%
10% least volatile stocks in NZ Market2.3%

Stable Share Price: AIA is less volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: AIA's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1966441Liz Tuckhttps://www.aucklandairport.co.nz

Auckland International Airport Limited provides airport facilities, supporting infrastructure, and aeronautical services in Auckland, New Zealand. The company operates through three segments: Aeronautical, Retail, and Property. The Aeronautical segment offers services that facilitate the movement of aircraft, passengers, and cargo, as well as utility services, which support the airport; and leases space for facilities, such as terminals.

Auckland International Airport Fundamentals Summary

How do Auckland International Airport's earnings and revenue compare to its market cap?
AIA fundamental statistics
Market CapNZ$11.43b
Earnings (TTM)NZ$464.20m
Revenue (TTM)NZ$268.40m

24.6x

P/E Ratio

42.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AIA income statement (TTM)
RevenueNZ$268.40m
Cost of RevenueNZ$99.00m
Gross ProfitNZ$169.40m
Expenses-NZ$294.80m
EarningsNZ$464.20m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.32
Gross Margin63.11%
Net Profit Margin172.95%
Debt/Equity Ratio18.4%

How did AIA perform over the long term?

See historical performance and comparison

Valuation

Is Auckland International Airport undervalued compared to its fair value and its price relative to the market?

24.59x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AIA (NZ$7.75) is trading above our estimate of fair value (NZ$7.03)

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


Price To Earnings Ratio

PE vs Industry: AIA is good value based on its PE Ratio (24.6x) compared to the NZ Infrastructure industry average (24.7x).

PE vs Market: AIA is poor value based on its PE Ratio (24.6x) compared to the NZ market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: AIA is poor value based on its PEG Ratio (7.1x)


Price to Book Ratio

PB vs Industry: AIA is good value based on its PB Ratio (1.4x) compared to the NZ Infrastructure industry average (1.7x).


Future Growth

How is Auckland International Airport forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

3.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AIA's forecast earnings growth (3.5% per year) is above the savings rate (2.1%).

Earnings vs Market: AIA's earnings (3.5% per year) are forecast to grow slower than the NZ market (7.3% per year).

High Growth Earnings: AIA's earnings are forecast to grow, but not significantly.

Revenue vs Market: AIA's revenue (26.4% per year) is forecast to grow faster than the NZ market (4.8% per year).

High Growth Revenue: AIA's revenue (26.4% per year) is forecast to grow faster 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 (3.5%).


Past Performance

How has Auckland International Airport performed over the past 5 years?

-1.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AIA has a large one-off gain of NZ$536.7M impacting its June 30 2021 financial results.

Growing Profit Margin: AIA's current net profit margins are higher than last year (34.8%).


Past Earnings Growth Analysis

Earnings Trend: AIA's earnings have declined by 1.8% per year over the past 5 years.

Accelerating Growth: AIA's earnings growth over the past year (139.4%) exceeds its 5-year average (-1.8% per year).

Earnings vs Industry: AIA earnings growth over the past year (139.4%) exceeded the Infrastructure industry 15.4%.


Return on Equity

High ROE: AIA's Return on Equity (5.9%) is considered low.


Financial Health

How is Auckland International Airport's financial position?


Financial Position Analysis

Short Term Liabilities: AIA's short term assets (NZ$125.8M) do not cover its short term liabilities (NZ$326.0M).

Long Term Liabilities: AIA's short term assets (NZ$125.8M) do not cover its long term liabilities (NZ$1.5B).


Debt to Equity History and Analysis

Debt Level: AIA's net debt to equity ratio (17.4%) is considered satisfactory.

Reducing Debt: AIA's debt to equity ratio has reduced from 50.1% to 18.4% over the past 5 years.

Debt Coverage: AIA's debt is not well covered by operating cash flow (4.2%).

Interest Coverage: AIA's interest payments on its debt are not well covered by EBIT (0.3x coverage).


Balance Sheet


Dividend

What is Auckland International Airport current dividend yield, its reliability and sustainability?

1.56%

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?

3.3yrs

Average management tenure


CEO

Liz Tuck

3.25yrs

Tenure

Ms. Mary-Elizabeth Tuck, also known as Liz, LLB (Hons), B.Com, serves as General Counsel and Interim Chief Executive Officer at Auckland International Airport Limited since November 2021 and also served as...


Leadership Team

Experienced Management: AIA's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: AIA's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Auckland International Airport Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Auckland International Airport Limited
  • Ticker: AIA
  • Exchange: NZSE
  • Founded: 1966
  • Industry: Airport Services
  • Sector: Transportation
  • Implied Market Cap: NZ$11.428b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 12:14
End of Day Share Price2022/01/17 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.