Summary of share price highs, lows and changes for Infratil
Historical stock prices
Current Share Price	NZ$15.17
52 Week High	NZ$16.14
52 Week Low	NZ$10.02
Beta	0.029
1 Month Change	24.14%
3 Month Change	39.69%
1 Year Change	34.61%
3 Year Change	51.93%
5 Year Change	99.34%
Change since IPO	3,127.66%

Recent updates

Narrative Update • May 01

IFT: Updated Cash Flow Assumptions Will Balance Execution Risks And Future Earnings Visibility

Narrative Update on Infratil Analysts have slightly adjusted their price target on Infratil from NZ$14.06 to NZ$14.01, reflecting updated views on revenue trends, margins, and a higher implied future P/E, informed in part by recent Street research coverage reinstating the stock. Analyst Commentary Recent Street commentary around the updated NZ$14.01 price target focuses on how current revenue expectations, margin assumptions, and the implied P/E line up with execution risks and potential growth options in Infratil's portfolio.

Narrative Update • Apr 17

IFT: Revised Cash Flow Assumptions Will Support Confidence In Future Earnings Quality

Analysts have increased their Infratil fair value estimate from NZ$14.00 to NZ$14.06, reflecting updated assumptions around discount rates, revenue contraction, profit margins, and future P/E multiples following recent Street research. Analyst Commentary Bullish Takeaways Bullish analysts see the revised fair value of NZ$14.06 as broadly aligned with their updated models, suggesting that recent work on discount rates and P/E assumptions still supports the current valuation framework.

Narrative Update • Apr 02

IFT: Reinstated Buy Coverage Will Support Confidence In Cash Flow Durability

Analysts have raised their Infratil fair value estimate slightly from NZ$13.98 to NZ$14.00, reflecting updated assumptions for discount rates, revenue trends, margins and future P/E, with recent Street research support behind this recalibration. Analyst Commentary Street research has supported the recent fine tuning of the NZ$14.00 fair value estimate, with recent coverage indicating a constructive view on the long term opportunity while still highlighting a few areas that readers may want to watch closely.

Narrative Update • Mar 18

IFT: Slight Model Refinements Will Support Future Upside Potential

Analysts have nudged their price target for Infratil slightly lower from NZ$14.02 to NZ$13.98. This reflects small tweaks to fair value estimates, discount rate assumptions and forward P/E expectations rather than any major shift in the investment case.

Narrative Update • Mar 04

IFT: Stable Fair Value And Slight Assumption Shifts Will Support Upside

Analysts have kept their NZ$14.02 price target for Infratil unchanged, with slightly updated assumptions around the discount rate, revenue growth, profit margin, and future P/E multiples shaping their current view. Valuation Changes Fair Value: The fair value estimate remains unchanged at NZ$14.02.

Narrative Update • Feb 17

IFT: Stable Fair Value And Slight Assumption Shifts Will Support Upside

Analysts are maintaining their NZ$14.02 price target on Infratil, making only small adjustments to assumptions for the discount rate, revenue growth, profit margin, and future P/E ratio while keeping their view of fair value unchanged. Valuation Changes Fair Value: The analysts' NZ$14.02 fair value estimate is unchanged, with no revision to the headline valuation level.

Narrative Update • Feb 03

IFT: Upcoming Dividend And Reinforced Fair Value Will Support Upside

Analysts have maintained their fair value estimate for Infratil at $14.02 per share, making small adjustments to assumptions such as a slightly lower discount rate and a modestly reduced future P/E. These changes reflect updated views on risk and long-term earnings potential.

Narrative Update • Jan 19

IFT: Dividend Timeline And Steady Fair Value Will Support Upside

Analysts have maintained their fair value estimate for Infratil at $14.02. This latest price target update reflects only modest adjustments to the discount rate, revenue growth, profit margin, and a slightly higher assumed future P/E ratio.

Narrative Update • Jan 05

IFT: Dividend Uplift And AI Data Centre Capacity Will Support Upside

Analysts have nudged their price target for Infratil higher to $14.02 from $13.72, reflecting updated assumptions around discount rates, long-term revenue trends, margins and a slightly higher future P/E multiple. What's in the News Infratil Limited declared a cash dividend of NZ$0.08044118 per ordinary share for the six months ended 30 September 2025, with an ex date of 26 November 2025, a record date of 27 November 2025, and a payment date of 16 December 2025 (Key Developments).

Analysis Article • Dec 31

Subdued Growth No Barrier To Infratil Limited's (NZSE:IFT) Price

With a median price-to-sales (or "P/S") ratio of close to 2.1x in the Diversified Financial industry in New Zealand...

Narrative Update • Dec 15

IFT: Higher Dividend And Data Centre Expansion Will Support Future Upside

Analysts have nudged their price target for Infratil slightly higher to reflect modest improvements in discount rate assumptions and long term profitability expectations, while leaving their fair value estimate effectively unchanged at $13.72. What's in the News Infratil Limited declared a higher cash dividend of NZD 0.08044118 per ordinary share for the six months ended September 30, 2025, with a record date of November 27 and payment on December 16, 2025 (company announcement).

Narrative Update • Nov 29

IFT: Improved Margins And New Dividend Payment Will Drive Future Upside

Analysts have slightly adjusted Infratil’s price target, holding steady at $13.72 as improved profit margin projections offset concerns over slower revenue growth and a modestly higher discount rate. What's in the News Infratil Limited declared a cash dividend of NZD 0.08044118 per share of ordinary fully paid foreign exempt NZX for the six months ended September 30, 2025.

Narrative Update • Nov 15

IFT: Lower Discount Rate And Data Centre Expansion Will Drive Future Upside

Analysts have raised Infratil's fair value estimate significantly, increasing it from $10.48 to $13.72. This change reflects updated assumptions about its discount rate, revenue growth, and profit margins.

Analysis Article • Sep 21

Revenues Tell The Story For Infratil Limited (NZSE:IFT)

Infratil Limited's ( NZSE:IFT ) price-to-sales (or "P/S") ratio of 3.1x may not look like an appealing investment...

Analysis Article • May 31

Infratil (NZSE:IFT) Has Announced A Dividend Of NZ$0.1325

Infratil Limited ( NZSE:IFT ) will pay a dividend of NZ$0.1325 on the 2nd of July. The dividend yield of 1.9% is still...

New Narrative • Nov 29

Advancing Energy Projects And Tactical Synergies Set To Spark Dynamic Growth Potential

Advancing projects and customer negotiations at CDC are expected to significantly drive future revenue growth.

Shareholder Returns

	IFT	NZ Diversified Financial	NZ Market
7D	-0.6%	2.9%	1.3%
1Y	34.6%	21.5%	2.7%

Return vs Industry: IFT exceeded the NZ Diversified Financial industry which returned 21.5% over the past year.

Return vs Market: IFT exceeded the NZ Market which returned 2.7% over the past year.

Price Volatility

Is IFT's price volatile compared to industry and market?
IFT volatility
IFT Average Weekly Movement	5.2%
Diversified Financial Industry Average Movement	6.5%
Market Average Movement	4.0%
10% most volatile stocks in NZ Market	8.0%
10% least volatile stocks in NZ Market	2.9%

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

Volatility Over Time: IFT's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1994	7,076	Jason Boyes	infratil.com

Infratil Limited is an infrastructure investment firm specializing in digital Infrastructure, renewables, and social infrastructure. They prefer to invest in renewable electricity, data centers, telecommunications networks healthcare, and airports. It invests around the world.

Infratil Limited Fundamentals Summary

How do Infratil's earnings and revenue compare to its market cap?
IFT fundamental statistics
Market cap	NZ$15.97b
Earnings (TTM)	NZ$283.20m
Revenue (TTM)	NZ$4.36b

53.5x

P/E Ratio

3.5x

P/S Ratio

Is IFT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IFT income statement (TTM)
Revenue	NZ$4.36b
Cost of Revenue	NZ$2.14b
Gross Profit	NZ$2.22b
Other Expenses	NZ$1.94b
Earnings	NZ$283.20m

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	0.28
Gross Margin	50.94%
Net Profit Margin	6.49%
Debt/Equity Ratio	73.2%

How did IFT perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

73%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/05/26 13:31
End of Day Share Price	2026/05/26 00:00
Earnings	2025/09/30
Annual Earnings	2025/03/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

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 Github.

Analyst Sources

Infratil Limited is covered by 14 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Aryan Norozi	Barrenjoey Markets Pty Limited
Eric Choi	Barrenjoey Markets Pty Limited
Suraj Nebhani	Citigroup Inc

Infratil (IFT) Stock Overview

Rewards

Risk Analysis

Analyst Price Targets

Advancing CDC Projects And Manawa-Contact Merger Will Strengthen Future Infrastructure

Top Analyst Narratives

Advancing CDC Projects And Manawa-Contact Merger Will Strengthen Future Infrastructure

Infratil Limited Competitors

Bajaj Holdings & Investment

WHSP Holdings

Remgro

Kingdom Holding

Price History & Performance

Recent News & Updates

Full year 2026 earnings: EPS and revenues exceed analyst expectations

Infratil Limited Announces Actual Unfranked Dividend on IFT - Ordinary Fully Paid Foreign Exempt NZX for the Six Months Ended March 31, 2026, Payable on June 29, 2026

Infratil Sells 5% of Contact Energy Raising NZ$495 Million for Future Investments

Consensus EPS estimates increase by 17%, revenue downgraded

Price target increased by 13% to NZ$15.81

Investor sentiment improves as stock rises 18%

Recent updates

Full year 2026 earnings: EPS and revenues exceed analyst expectations

Infratil Limited Announces Actual Unfranked Dividend on IFT - Ordinary Fully Paid Foreign Exempt NZX for the Six Months Ended March 31, 2026, Payable on June 29, 2026

Infratil Sells 5% of Contact Energy Raising NZ$495 Million for Future Investments

Consensus EPS estimates increase by 17%, revenue downgraded

Price target increased by 13% to NZ$15.81

Investor sentiment improves as stock rises 18%

IFT: Updated Cash Flow Assumptions Will Balance Execution Risks And Future Earnings Visibility

InfraRed Capital Partners Limited and Pantheon Ventures (UK) LLP completed the acquisition of an additional 20% stake in Aotearoa Towers Group Limited Partnership from Infratil Limited (NZSE:IFT).

InfraRed Capital Partners Limited and Pantheon Ventures (UK) LLP completed the acquisition of an additional 20% stake in Aotearoa Towers Group Limited Partnership from Infratil Limited (NZSE:IFT).

IFT: Revised Cash Flow Assumptions Will Support Confidence In Future Earnings Quality

Infratil Limited to Report Fiscal Year 2026 Results on May 26, 2026

Consensus EPS estimates increase by 48%

IFT: Reinstated Buy Coverage Will Support Confidence In Cash Flow Durability

IFT: Slight Model Refinements Will Support Future Upside Potential

IFT: Stable Fair Value And Slight Assumption Shifts Will Support Upside

IFT: Stable Fair Value And Slight Assumption Shifts Will Support Upside

IFT: Upcoming Dividend And Reinforced Fair Value Will Support Upside

IFT: Dividend Timeline And Steady Fair Value Will Support Upside

IFT: Dividend Uplift And AI Data Centre Capacity Will Support Upside

Subdued Growth No Barrier To Infratil Limited's (NZSE:IFT) Price

IFT: Higher Dividend And Data Centre Expansion Will Support Future Upside

IFT: Improved Margins And New Dividend Payment Will Drive Future Upside

Consensus EPS estimates increase by 90%

First half dividend of NZ$0.08 announced

IFT: Lower Discount Rate And Data Centre Expansion Will Drive Future Upside

First half 2026 earnings released: EPS: NZ$0.33 (vs NZ$0.29 loss in 1H 2025)

Infratil Limited Declares Cash Dividend on Ordinary Fully Paid Foreign Exempt NZX for the Six Months Ended September 30, 2025, Payable on December 16, 2025

Infratil Limited to Report First Half, 2026 Results on Nov 13, 2025

Revenues Tell The Story For Infratil Limited (NZSE:IFT)

CEO & Director recently bought NZ$497k worth of stock

Insufficient new directors

CEO & Director recently bought NZ$1.2m worth of stock

Infratil Limited, Annual General Meeting, Aug 19, 2025

Infratil (NZSE:IFT) Has Announced A Dividend Of NZ$0.1325

Final dividend of NZ$0.13 announced

Full year 2025 earnings: EPS and revenues miss analyst expectations

Infratil Limited Announces Dividend On IFT-Ordinary Fully Paid Foreign Exempt NZX Security for the Period Six Months Ended March 31, 2025, Payable on July 2, 2025

Infratil Limited to Report Fiscal Year 2025 Results on May 28, 2025

CEO & Director recently bought NZ$1.3m worth of stock

CEO & Director recently bought NZ$498k worth of stock

Independent Director recently bought NZ$528k worth of stock

CEO & Director recently bought NZ$5.0m worth of stock

Advancing Energy Projects And Tactical Synergies Set To Spark Dynamic Growth Potential

First half dividend of NZ$0.072 announced

Infratil Limited to Report First Half, 2025 Results on Nov 14, 2024

Consensus EPS estimates fall by 55%

Independent Director recently bought NZ$1.0m worth of stock

Infratil Limited, Annual General Meeting, Aug 22, 2024

Consensus EPS estimates fall by 49%

Final dividend of NZ$0.14 announced

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Infratil Limited to Report Fiscal Year 2024 Results on May 21, 2024

Independent Director recently bought NZ$928k worth of stock

Upcoming dividend of NZ$0.075 per share at 1.9% yield

First half 2024 earnings released: EPS: NZ$1.41 (vs NZ$0.019 in 1H 2023)

Infratil Limited Announces Dividend Ift-Ordinary Fully Paid Foreign Exempt Nzx for the Period Six Months Ended September 30, 2023

Infratil Limited Announces CFO Changes

Infratil Limited (NZSE:IFT) entered into a conditional agreement to acquire 80% stake in Console Connect Inc. from HKT Trust and HKT Limited (SEHK:6823) for $160 million.

Consensus revenue estimates increase by 88%