AIR Stock Overview
Air New Zealand Limited provides passenger and cargo transportation services on scheduled airlines primarily in New Zealand, Australia, the Pacific Islands, the United Kingdom, Europe, Asia, and the United States.
Air New Zealand Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||NZ$1.50|
|52 Week High||NZ$1.90|
|52 Week Low||NZ$1.41|
|1 Month Change||-1.96%|
|3 Month Change||-9.64%|
|1 Year Change||-10.98%|
|3 Year Change||-54.41%|
|5 Year Change||-31.51%|
|Change since IPO||-81.01%|
Recent News & Updates
The Air New Zealand Limited (NZSE:AIR) Half-Yearly Results Are Out And Analysts Have Published New Forecasts
Investors in Air New Zealand Limited ( NZSE:AIR ) had a good week, as its shares rose 4.6% to close at NZ$1.59...
|AIR||NZ Airlines||NZ Market|
Return vs Industry: AIR underperformed the NZ Airlines industry which returned 0.3% over the past year.
Return vs Market: AIR underperformed the NZ Market which returned -5.5% over the past year.
|AIR Average Weekly Movement||3.0%|
|Airlines Industry Average Movement||5.6%|
|Market Average Movement||3.7%|
|10% most volatile stocks in NZ Market||6.4%|
|10% least volatile stocks in NZ Market||2.3%|
Stable Share Price: AIR is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: AIR's weekly volatility (3%) has been stable over the past year.
About the Company
Air New Zealand Limited provides passenger and cargo transportation services on scheduled airlines primarily in New Zealand, Australia, the Pacific Islands, the United Kingdom, Europe, Asia, and the United States. The company also offers ground handling services; engineering and maintenance services, including aircraft and component maintenance, repair, and overhaul services; aviation services; and aircraft leasing and financing services. As of June 30, 2021, it operated a fleet of 7 Boeing 777-300ER, 8 Boeing 777-200ER, 14 Boeing 787-9 Dreamliner, 11 Airbus A320/321NEO, 20 Airbus A320CEO, 28 ATR 72-600, and 23 Bombardier Q300 aircrafts.
Air New Zealand Fundamentals Summary
|AIR fundamental statistics|
Is AIR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AIR income statement (TTM)|
|Cost of Revenue||NZ$1.83b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Feb 24, 2022
|Earnings per share (EPS)||-0.26|
|Net Profit Margin||-11.50%|
How did AIR perform over the long term?See historical performance and comparison
Is Air New Zealand undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AIR (NZ$1.5) is trading below our estimate of fair value (NZ$4.16)
Significantly Below Fair Value: AIR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AIR is unprofitable, so we can't compare its PE Ratio to the Global Airlines industry average.
PE vs Market: AIR is unprofitable, so we can't compare its PE Ratio to the NZ market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AIR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AIR is good value based on its PB Ratio (1.5x) compared to the XX Airlines industry average (2.1x).
How is Air New Zealand forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AIR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.1%).
Earnings vs Market: AIR is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: AIR's is expected to become profitable in the next 3 years.
Revenue vs Market: AIR's revenue (21.6% per year) is forecast to grow faster than the NZ market (4.9% per year).
High Growth Revenue: AIR's revenue (21.6% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AIR's Return on Equity is forecast to be low in 3 years time (19.3%).
How has Air New Zealand performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AIR is currently unprofitable.
Growing Profit Margin: AIR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AIR is unprofitable, and losses have increased over the past 5 years at a rate of 54.6% per year.
Accelerating Growth: Unable to compare AIR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AIR is unprofitable, making it difficult to compare its past year earnings growth to the Airlines industry (1.1%).
Return on Equity
High ROE: AIR has a negative Return on Equity (-26.15%), as it is currently unprofitable.
How is Air New Zealand's financial position?
Financial Position Analysis
Short Term Liabilities: AIR's short term assets (NZ$826.0M) do not cover its short term liabilities (NZ$2.4B).
Long Term Liabilities: AIR's short term assets (NZ$826.0M) do not cover its long term liabilities (NZ$3.2B).
Debt to Equity History and Analysis
Debt Level: AIR's net debt to equity ratio (115.9%) is considered high.
Reducing Debt: AIR's debt to equity ratio has increased from 51.4% to 140% over the past 5 years.
Debt Coverage: AIR's debt is well covered by operating cash flow (20.9%).
Interest Coverage: Insufficient data to determine if AIR's interest payments on its debt are well covered by EBIT.
What is Air New Zealand current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AIR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AIR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AIR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AIR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: AIR is not paying a notable dividend for the NZ market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AIR's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Greg Foran (60 yo)
Mr. Gregory S. Foran, also known as Greg, has been the Chief Executive Officer at Air New Zealand Limited since February 3, 2020. Mr. Foran served as an Executive Vice President at Walmart Inc since August...
CEO Compensation Analysis
Compensation vs Market: Greg's total compensation ($USD2.43M) is above average for companies of similar size in the NZ market ($USD774.48K).
Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.
Experienced Management: AIR's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Experienced Board: AIR's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Air New Zealand Limited's employee growth, exchange listings and data sources
- Name: Air New Zealand Limited
- Ticker: AIR
- Exchange: NZSE
- Founded: 1940
- Industry: Airlines
- Sector: Transportation
- Implied Market Cap: NZ$1.690b
- Shares outstanding: 1.12b
- Website: https://www.airnewzealand.co.nz
Number of Employees
- Air New Zealand Limited
- Air New Zealand House
- 185 Fanshawe Street
- New Zealand
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/18 06:00|
|End of Day Share Price||2022/01/18 00:00|
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.