AUCKLAND INTERNATIONAL AIRPORT LIMITED (AIA)
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AIA

AIA - AUCKLAND INTERNATIONAL AIRPORT LIMITED

FNArena Sector : Infrastructure & Utilities
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 4.26
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

$7.09

21 Mar
2025

-0.070

OPEN

$7.21

-0.98%

HIGH

$7.30

5,364,728

LOW

$7.05

OTHER COMPANIES IN THE SAME SECTOR
AGL . ALX . APA . CEN . DBI . DBI . GNE . GNP . MEZ . ORG . SRJ . TCL .
FNARENA'S MARKET CONSENSUS FORECASTS
AIA: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 17.5 xxx
DPS (cps) 12.5 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 40.6 xxx
Dividend Yield 1.8% xxx
Div Pay Ratio(%) 71.7% 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: 0.83%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.84

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: 18/09 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx0.4
DPS All xxxxxxxxxxxxxxx14.4
Sales/Revenue xxxxxxxxxxxxxxx822.5 M
Book Value Per Share xxxxxxxxxxxxxxx531.0
Net Operating Cash Flow xxxxxxxxxxxxxxx415.9 M
Net Profit Margin xxxxxxxxxxxxxxx0.62 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx0.07 %
Return on Invested Capital xxxxxxxxxxxxxxx0.05 %
Return on Assets xxxxxxxxxxxxxxx0.05 %
Return on Equity xxxxxxxxxxxxxxx0.07 %
Return on Total Capital xxxxxxxxxxxxxxx4.25 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-460.1 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx257 M
Long Term Debt xxxxxxxxxxxxxxx2,193 M
Total Debt xxxxxxxxxxxxxxx2,450 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx202 M
Price To Book Value xxxxxxxxxxxxxxx1.31

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx783.7 M
Capex % of Sales xxxxxxxxxxxxxxx95.29 %
Cost of Goods Sold xxxxxxxxxxxxxxx371 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx33 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3,064 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

0.5

No. Of Recommendations

4
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

1

xxx

-

xx.xx%

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UBS

21/02/2025

3

Neutral

-

-

UBS analysts have maintained a Neutral rating on Auckland International Airport, raising the price target to NZ$8.20 from NZ$7.95.

Financial forecasts have been revised, with EBITDA estimates cut by 1-2% for FY25 to FY27 due to lower retail and car parking spend, as well as higher maintenance costs.

The company reported an 8% rise in 1H25 EBITDA to NZ$334m, though this fell short of UBS estimates due to weaker retail and property revenue, alongside one-off operating costs.

Passenger growth remains subdued, with airline schedules suggesting limited capacity increases through 1H26. The broker sees limited short-term earnings growth ahead of the PSE5 aeronautical charge reset but expects stronger gains from FY28 onwards.

FORECAST
UBS forecasts a full year FY25 dividend of 12.75 cents and EPS of 17.30 cents.
UBS forecasts a full year FY26 dividend of 12.75 cents and EPS of 17.30 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

-

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

19/03/2025

3

Neutral

-

-

Auckland International Airport will sign an 8-year contract with Lagardere as the sole duty-free operator, from the JV model it has been operating since 2015.

There will be disruption for fit-outs lasting nine months from the start date because the current layout is designed for two competing operators.

Jarden is forecasting a -1% decline in income/passengers in FY26 with the disruption partly offset by some mix shift towards higher spending international passengers.

The broker re-iterated its FY25 net profit forecast of NZ$309m, vs the company's NZ$209-320m guidance range.

Target price unchanged at NZ$8.00 and Neutral rating retained.

FORECAST
Jarden forecasts a full year FY25 dividend of 12.11 cents and EPS of 17.21 cents.
Jarden forecasts a full year FY26 dividend of 13.20 cents and EPS of 18.94 cents.
Access Extra Coverage Research History >

AIA STOCK CHART

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2
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Australian Broker Call *Extra* Edition – Feb 26, 2025

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Feb 22 2025 - Australia
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