Auckland International Airport Ltd AIA

Morningstar Rating
A$6.69 −0.05 (0.74%)
View Full Chart

Company Report

Auckland Airport's Redevelopment Should Allow an Uptick in Regulated Pricing

As the primary gateway to New Zealand, Auckland Airport should benefit from rising air travel to the island nation. Auckland Airport is the largest airport in New Zealand, and Auckland is by far New Zealand's most populous city. No other airport in the country is likely to outdo Auckland as an international hub. We expect the airport to capture good medium-term growth from further airline capacity expansion to and from New Zealand. We forecast total passengers handled by Auckland to grow to more than 20% above fiscal 2019 levels over the next decade.

Price vs Fair Value

AIA is trading at a LOCK|#CH?TT@ premium.
Price
A$6.69
Fair Value
LOCK|&V
Uncertainty
LOCK|K?
1-Star Price
LOCK|CZh
5-Star Price
LOCK|>hp
Economic Moat
LOCK|?$
Capital Allocation
LOCK|SmqmRQz

Bulls Say, Bears Say

Bulls

Auckland Airport provides exposure to rising incomes in the region, and population growth in New Zealand.

Bears

A slowdown in the global economy, a deterioration in international relations, or climate challenges could affect tourist inflow to New Zealand, limiting passenger fees and retail spending at the airport.

Trading Information

Previous Close Price
A$6.74
Day Range
A$6.66–6.79
52-Week Range
A$6.52–7.75
Bid/Ask
A$6.64 / A$6.70
Shares Outstanding
1.70B
Market Cap
A$11.40B
Volume/Avg
629,909 / 625,659

Key Statistics

Price/Earnings (Normalized)
43.64
Price/Sales
13.60
Dividend Yield (Trailing)
1.77%
Dividend Yield (Forward)
1.77%
Dividend Payment Schedule
Apr, Oct
Total Yield
1.77%

Company Profile

Auckland Airport is New Zealand's largest airport, handling about 75% of the country’s international arrivals and departures. It owns over 1,500 hectares of land, and hosts unregulated ancillary commercial services, including retail and duty-free, car parking, hotels, warehouses, and offices. Substantial development opportunities are set to materially expand capacity over the next decade. The airport also has a 25% stake in the small, but fast-growing Queenstown airport on New Zealand’s South Island.
Sector
Industrials
Industry
Airports & Air Services
Stock Style Box
Mid Core
Total Number of Employees
300

Competitors

Valuation

Metric
AIA
DG
AIR
Price/Earnings (Normalized)
43.6410.4533.34
Price/Book Value
1.281.970.73
Price/Sales
13.600.800.18
Price/Cash Flow
26.106.351.51
Price/Earnings
AIA
DG
AIR

Financial Strength

Metric
AIA
DG
AIR
Quick Ratio
0.240.620.35
Current Ratio
0.340.830.47
Interest Coverage
5.436.00−1.78
Quick Ratio
AIA
DG
AIR

Profitability

Metric
AIA
DG
AIR
Return on Assets (Normalized)
2.15%3.95%−2.69%
Return on Equity (Normalized)
2.91%17.50%−13.31%
Return on Invested Capital (Normalized)
2.01%8.80%−3.77%
Return on Assets
AIA
DG
AIR

Airports & Air Services Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Aena SME SA
ANNSF
—LOCK|h&R$45B
Aena SME SA ADR
ANYYY
—LOCK|ywk$45B
Airports Of Thailand PLC Registered Shs Foreign
APTPF
—LOCK|$<$26B
Airports Of Thailand PLC ADR
AIPUY
—LOCK|?&f$26B
Grupo Aeroportuario del Pacifico SAB de CV Class B
GPAEF
—LOCK|GG$13B
Grupo Aeroportuario del Pacifico SAB de CV ADR
PAC
LOCK|#@%Yl<LOCK|Sz>$13B
Aeroports de Paris SA ADR
ARRPY
—LOCK|Bwg<M$12B
Aeroports de Paris SA
AEOXF
—LOCK|b>@W$12B
Auckland International Airport Ltd ADR
AUKNY
—LOCK|vfv$8B
Auckland International Airport Ltd
ACKDF
—LOCK|<T$8B

Sponsor Center