AIR NEW ZEALAND LIMITED (AIZ)
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AIZ - AIR NEW ZEALAND LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 2.94
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.475

04 Nov
2024

0.000

OPEN

$0.47

0.000

HIGH

$0.48

143,175

LOW

$0.47

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FNARENA'S MARKET CONSENSUS FORECASTS
AIZ: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 2.5 xxx
DPS (cps) 1.3 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 19.3 xxx
Dividend Yield 2.7% xxx
Div Pay Ratio(%) 51.9% 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: 2.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.61

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: 07/03 - ex-div 1.6c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx4.0
DPS All xxxxxxxxxxxxxxx3.2
Sales/Revenue xxxxxxxxxxxxxxx6,246.2 M
Book Value Per Share xxxxxxxxxxxxxxx54.4
Net Operating Cash Flow xxxxxxxxxxxxxxx760.4 M
Net Profit Margin xxxxxxxxxxxxxxx2.16 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx7.21 %
Return on Invested Capital xxxxxxxxxxxxxxx3.20 %
Return on Assets xxxxxxxxxxxxxxx1.66 %
Return on Equity xxxxxxxxxxxxxxx7.21 %
Return on Total Capital xxxxxxxxxxxxxxx4.49 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-226.6 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 xxxxxxxxxxxxxxx445 M
Long Term Debt xxxxxxxxxxxxxxx2,124 M
Total Debt xxxxxxxxxxxxxxx2,569 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,167 M
Price To Book Value xxxxxxxxxxxxxxx0.89

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx731.7 M
Capex % of Sales xxxxxxxxxxxxxxx11.72 %
Cost of Goods Sold xxxxxxxxxxxxxxx5,304 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx732 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx685 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

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

30/08/2024

1

Outperform

-

-

Air New Zealand reported FY24 results at the upper end of guidance, Macquarie notes with 2H coming in slightly below breakeven despite challenging constraints from aircraft availability.

The analyst expects the issues will remain into 1H25 combined with consistent cost pressures. Management has seen some stabilisation of domestic demand, with weaker outbound offset by stronger inbound traffic.

Macquarie adjusts FY25 EPS by -43% and FY26 by -9%.

Target price revised down -4% to NZ69c. Outperform unchanged.

FORECAST
Macquarie forecasts a full year FY25 dividend of 1.29 cents and EPS of 2.48 cents.
Macquarie forecasts a full year FY26 dividend of 4.14 cents and EPS of 6.99 cents.
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

10/09/2024

3

Neutral

-

-

Jarden assesses a "weak" FY24 result for Air New Zealand which included a deteriorating 2H implying an -$8m (NPBT) loss, excluding $45m of covid credits.

Management attributed weakness to soft domestic demand (notably corporate and government), ongoing engine issues, US carrier competition, as well as inflationary pressures. 

The company expects conditions will remain similar through H1 FY25. Given ongoing uncertainty, management didn't provide earnings guidance.

The total dividend for FY24 was 3.5cps.

The Neutral rating is retained and the target price decreases to NZ57c from NZ60c due to the broker's lower earnings forecasts and a higher assumed weighted average cost of capital (WACC).

FORECAST
Jarden forecasts a full year FY25 dividend of 1.47 cents and EPS of 2.21 cents.
Jarden forecasts a full year FY26 dividend of 2.67 cents and EPS of 4.42 cents.
Access Extra Coverage Research History >

AIZ STOCK CHART

FNArena News on AIZ

1
Australian Broker Call *Extra* Edition – Sep 11, 2024

Sep 11 2024 - Daily Market Reports
2
FNArena Corporate Results Monitor – 06-09-2024

Sep 06 2024 - Australia
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Australian Broker Call *Extra* Edition – Apr 30, 2024

Apr 30 2024 - Daily Market Reports
4
ESG Focus: Decarbonisation, Renewables & Cyber Crime

Apr 03 2024 - ESG Focus
5
Australian Broker Call *Extra* Edition – Mar 06, 2024

Mar 06 2024 - Daily Market Reports

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