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AIR logo

Air New Zealand NZSE:AIR Stock Report

Last Price

NZ$0.57

Market Cap

NZ$1.9b

7D

1.8%

1Y

-8.7%

Updated

21 Dec, 2024

Data

Company Financials +

Air New Zealand Limited

NZSE:AIR Stock Report

Market Cap: NZ$1.9b

AIR Stock Overview

Provides air passenger and cargo transportation on scheduled airlines services in New Zealand, Australia, the Pacific Islands, Asia, the United Kingdom, Europe, and the Americas. More details

AIR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance2/6
Financial Health4/6
Dividends2/6

Rewards

Price-To-Earnings ratio (13.3x) is below the NZ market (19.6x)

Earnings are forecast to grow 19.98% per year

Risk Analysis

Profit margins (2.2%) are lower than last year (6.5%)

Dividend of 5.22% is not well covered by free cash flows


My Notes

Capture your thoughts, links and company narrative

Air New Zealand Limited Competitors

Freightways Group

NZSE:FRW

NZ$1.9b

Tourism Holdings

NZSE:THL

NZ$453.3m

Port of Tauranga

NZSE:POT

NZ$4.5b

Aegean Airlines

ATSE:AEGN

€901.1m

Price History & Performance

Summary of share price highs, lows and changes for Air New Zealand
Historical stock prices
Current Share PriceNZ$0.57
52 Week HighNZ$0.65
52 Week LowNZ$0.51
Beta1.47
1 Month Change8.49%
3 Month Change7.48%
1 Year Change-8.73%
3 Year Change-62.30%
5 Year Change-80.87%
Change since IPO-92.72%

Recent News & Updates

Fewer Investors Than Expected Jumping On Air New Zealand Limited (NZSE:AIR)

Nov 27
Fewer Investors Than Expected Jumping On Air New Zealand Limited (NZSE:AIR)

Some Investors May Be Worried About Air New Zealand's (NZSE:AIR) Returns On Capital

Oct 31
Some Investors May Be Worried About Air New Zealand's (NZSE:AIR) Returns On Capital

Recent updates

Fewer Investors Than Expected Jumping On Air New Zealand Limited (NZSE:AIR)

Nov 27
Fewer Investors Than Expected Jumping On Air New Zealand Limited (NZSE:AIR)

Some Investors May Be Worried About Air New Zealand's (NZSE:AIR) Returns On Capital

Oct 31
Some Investors May Be Worried About Air New Zealand's (NZSE:AIR) Returns On Capital

Air New Zealand Limited Just Missed EPS By 10%: Here's What Analysts Think Will Happen Next

Sep 02
Air New Zealand Limited Just Missed EPS By 10%: Here's What Analysts Think Will Happen Next

Air New Zealand Limited (NZSE:AIR) Investors Are Less Pessimistic Than Expected

Aug 20
Air New Zealand Limited (NZSE:AIR) Investors Are Less Pessimistic Than Expected

Air New Zealand (NZSE:AIR) Hasn't Managed To Accelerate Its Returns

Jul 22
Air New Zealand (NZSE:AIR) Hasn't Managed To Accelerate Its Returns

Investors Met With Slowing Returns on Capital At Air New Zealand (NZSE:AIR)

Apr 19
Investors Met With Slowing Returns on Capital At Air New Zealand (NZSE:AIR)

Analysts Have Been Trimming Their Air New Zealand Limited (NZSE:AIR) Price Target After Its Latest Report

Feb 25
Analysts Have Been Trimming Their Air New Zealand Limited (NZSE:AIR) Price Target After Its Latest Report

Calculating The Intrinsic Value Of Air New Zealand Limited (NZSE:AIR)

Feb 20
Calculating The Intrinsic Value Of Air New Zealand Limited (NZSE:AIR)

These 4 Measures Indicate That Air New Zealand (NZSE:AIR) Is Using Debt Extensively

Dec 15
These 4 Measures Indicate That Air New Zealand (NZSE:AIR) Is Using Debt Extensively

Shareholders Will Probably Be Cautious Of Increasing Air New Zealand Limited's (NZSE:AIR) CEO Compensation At The Moment

Sep 19
Shareholders Will Probably Be Cautious Of Increasing Air New Zealand Limited's (NZSE:AIR) CEO Compensation At The Moment

Air New Zealand (NZSE:AIR) Has A Somewhat Strained Balance Sheet

Aug 28
Air New Zealand (NZSE:AIR) Has A Somewhat Strained Balance Sheet

Is Air New Zealand (NZSE:AIR) Using Debt In A Risky Way?

Nov 22
Is Air New Zealand (NZSE:AIR) Using Debt In A Risky Way?

Here's Why Shareholders Should Examine Air New Zealand Limited's (NZSE:AIR) CEO Compensation Package More Closely

Sep 15
Here's Why Shareholders Should Examine Air New Zealand Limited's (NZSE:AIR) CEO Compensation Package More Closely

Is Air New Zealand (NZSE:AIR) A Risky Investment?

Mar 31
Is Air New Zealand (NZSE:AIR) A Risky Investment?

When Should You Buy Air New Zealand Limited (NZSE:AIR)?

Feb 27
When Should You Buy Air New Zealand Limited (NZSE:AIR)?

The Air New Zealand Limited (NZSE:AIR) Half-Yearly Results Are Out And Analysts Have Published New Forecasts

Feb 27
The Air New Zealand Limited (NZSE:AIR) Half-Yearly Results Are Out And Analysts Have Published New Forecasts

If You Had Bought Air New Zealand's (NZSE:AIR) Shares Three Years Ago You Would Be Down 45%

Feb 09
If You Had Bought Air New Zealand's (NZSE:AIR) Shares Three Years Ago You Would Be Down 45%

Should You Review Recent Insider Transactions At Air New Zealand Limited (NZSE:AIR)?

Jan 13
Should You Review Recent Insider Transactions At Air New Zealand Limited (NZSE:AIR)?

What You Need To Know About Air New Zealand Limited's (NZSE:AIR) Investor Composition

Dec 18
What You Need To Know About Air New Zealand Limited's (NZSE:AIR) Investor Composition

Shareholder Returns

AIRNZ AirlinesNZ Market
7D1.8%-1.6%1.1%
1Y-8.7%22.2%6.1%

Return vs Industry: AIR underperformed the NZ Airlines industry which returned 22.2% over the past year.

Return vs Market: AIR underperformed the NZ Market which returned 6.1% over the past year.

Price Volatility

Is AIR's price volatile compared to industry and market?
AIR volatility
AIR Average Weekly Movement2.6%
Airlines Industry Average Movement5.0%
Market Average Movement4.6%
10% most volatile stocks in NZ Market9.1%
10% least volatile stocks in NZ Market3.1%

Stable Share Price: AIR has not had significant price volatility in the past 3 months compared to the NZ market.

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

About the Company

FoundedEmployeesCEOWebsite
194011,702Greg Foranwww.airnewzealand.co.nz

Air New Zealand Limited, together with its subsidiaries, provides air passenger and cargo transportation on scheduled airlines services in New Zealand, Australia, the Pacific Islands, Asia, the United Kingdom, Europe, and the Americas. The company offers engineering and maintenance services, including aircraft and component maintenance, repair, and overhaul services; captive insurance services; aviation services; and aircraft leasing and financing services. In addition, it provides business travel services, including Airpoints for Business; Above & Beyond; Air New Zealand Travelcard, a charge card for business travel; Tandem, a travel management services; Partnership Programme and All-of-Government; and emissions reporting platform.

Air New Zealand Limited Fundamentals Summary

How do Air New Zealand's earnings and revenue compare to its market cap?
AIR fundamental statistics
Market capNZ$1.94b
Earnings (TTM)NZ$146.00m
Revenue (TTM)NZ$6.75b

13.3x

P/E Ratio

0.3x

P/S Ratio

Is AIR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AIR income statement (TTM)
RevenueNZ$6.75b
Cost of RevenueNZ$5.02b
Gross ProfitNZ$1.74b
Other ExpensesNZ$1.59b
EarningsNZ$146.00m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.043
Gross Margin25.70%
Net Profit Margin2.16%
Debt/Equity Ratio69.3%

How did AIR perform over the long term?

See historical performance and comparison

Dividends

5.2%

Current Dividend Yield

81%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 10:41
End of Day Share Price 2024/12/20 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

Air New Zealand Limited is covered by 13 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wade GardinerDeutsche Bank
Russell WrightEverBlu Research Pty Ltd
Andrew BowleyForsyth Barr Group Ltd.