AUCKLAND INTERNATIONAL AIRPORT LIMITED (AIA)
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AIA - AUCKLAND INTERNATIONAL AIRPORT LIMITED

FNArena Sector : Infrastructure & Utilities
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 4.5
Index: ASX200 | ASX300 | ALL-ORDS

Auckland International Airport Ltd was formed in 1988 when the NZ government privatised the airport. The company is listed on both the ASX and NZX.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$7.43

30 Nov
2023

0.070

OPEN

$7.34

0.95%

HIGH

$7.52

1,150,637

LOW

$7.34

TARGET
$7.85 5.7% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
AGL . ALX . APA . CEN . DBI . DBI . GNP . MEZ . ORG . SRJ . TCL .
FNARENA'S MARKET CONSENSUS FORECASTS
AIA: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 17.9 xxx
DPS (cps) 14.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 41.8 xxx
Dividend Yield 1.9% xxx
Div Pay Ratio(%) 78.1% xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.50%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.50

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 06/10 - ex-div 3.7c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx2.7
DPS All xxxxxxxxxxxxxxx4.3
Sales/Revenue xxxxxxxxxxxxxxx569.8 M
Book Value Per Share xxxxxxxxxxxxxxx523.8
Net Operating Cash Flow xxxxxxxxxxxxxxx281.4 M
Net Profit Margin xxxxxxxxxxxxxxx6.94 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx0.52 %
Return on Invested Capital xxxxxxxxxxxxxxx0.46 %
Return on Assets xxxxxxxxxxxxxxx0.41 %
Return on Equity xxxxxxxxxxxxxxx0.52 %
Return on Total Capital xxxxxxxxxxxxxxx2.64 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-144.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx395 M
Long Term Debt xxxxxxxxxxxxxxx1,278 M
Total Debt xxxxxxxxxxxxxxx1,672 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx99 M
Price To Book Value xxxxxxxxxxxxxxx1.50

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx425.6 M
Capex % of Sales xxxxxxxxxxxxxxx74.69 %
Cost of Goods Sold xxxxxxxxxxxxxxx302 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx29 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2,872 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

-

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

-

xx.xx%

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Ord Minnett

28/08/2023

3

Hold

$7.85

5.65%

FY23 results marked a return to profit for Auckland International Airport albeit still -46% below 2019. Ord Minnett notes passenger numbers nearly tripled from 2022 and are expected to be at 2019 levels by 2025.

The broker incorporates recent regulatory pricing decisions and the capital expenditure required. Around NZ$1.2bn is expected in capital expenditure in FY24 and the airport intends to deliver around NZ$7bn in regulated investment over the next decade.

Ord Minnett has a Hold rating and $7.85 target.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 11.38 cents and EPS of 16.19 cents.
Ord Minnett forecasts a full year FY25 dividend of 12.86 cents and EPS of 18.32 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

-

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

-

xx.xx%

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Access Stockbroker Research History >

AIA STOCK CHART

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