Auckland International Airport Ltd AIA

Stock XNZE Rating as of Oct 1, 2026

NZ$8.32 −0.11 (1.25%)

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As of Oct 2, 2026, 1:59:51 AM Delayed Price Open

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

Angus Hewitt Aug 21, 2026

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.

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Price vs Fair Value

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AIA is trading at a LOCK|>jR!$Dj premium.

Price

NZ$8.42

Oct 1, 2026

Fair Value

LOCK|kx

Jun 26, 2026

Uncertainty

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1-Star Price: LOCK|.<#
5-Star Price: &.v
Economic Moat: LOCK|<?
Capital Allocation: LOCK|SdCPqm&

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: NZ$8.42
Day Range: NZ$8.29–8.47
52-Week Range: NZ$7.70–9.18
Bid/Ask: NZ$8.31 / NZ$8.32
Shares Outstanding: 1.70B
Market Cap: NZ$14.14B
Volume/Avg: 579,411 / 2M

Key Statistics

Price/Earnings (Normalized): 47.41
Price/Sales: 14.78
Dividend Yield (Trailing): 1.57%
Dividend Yield (Forward): 1.57%
Dividend Payment Schedule: Apr, Oct
Total Yield: 1.57%

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
Website: https://www.aucklandairport.co.nz

Competitors

Valuation

Metric	AIA	AIR	QAN
Price/Earnings (Normalized)	47.41	35.97	9.14
Price/Book Value	1.32	0.79	9.05
Price/Sales	14.78	0.19	0.54
Price/Cash Flow	28.35	1.63	3.51

Price/Earnings

AIA

AIR

QAN

Financial Strength

Metric	AIA	AIR	QAN
Quick Ratio	0.24	0.35	0.37
Current Ratio	0.34	0.47	0.43
Interest Coverage	5.43	−1.78	4.37

Quick Ratio

AIA

AIR

QAN

Profitability

Metric	AIA	AIR	QAN
Return on Assets (Normalized)	2.15%	−2.69%	5.20%
Return on Equity (Normalized)	2.91%	−13.31%	106.62%
Return on Invested Capital (Normalized)	2.01%	−3.77%	11.94%

Return on Assets

AIA

AIR

QAN

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