AIR NEW ZEALAND LIMITED (AIZ)
Share Price Analysis and Chart

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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

$0.52

23 Dec
2024

0.000

OPEN

$0.52

0.000

HIGH

$0.53

436,083

LOW

$0.52

OTHER COMPANIES IN THE SAME SECTOR
ACE . AQZ . AVD . AZJ . BXB . CLX . ERD . KLS . KSC . LAU . NTD . QAN . QUB . SLH . SPZ . SST . THL . WTC . Z2U .
FNARENA'S MARKET CONSENSUS FORECASTS
AIZ: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 4.9 xxx
DPS (cps) 2.8 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.0 xxx
Dividend Yield 5.1% xxx
Div Pay Ratio(%) 56.6% 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: 2.18%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.92

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: 07/09 - ex-div 5.55c (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

27/11/2024

1

Outperform

-

-

Air New Zealand reported 1H25 guidance of profit before tax of NZ$120m-NZ$160m, significantly exceeding Macquarie's expectations.

Management noted some labour cost efficiencies and "green shoots" from corporate domestic travel. Aircraft availability is not expected to improve until 2026, with the company possibly exploring other leases.

The airline's Investor Day outlined an incremental earnings target of NZ$300m-NZ$400m from "controllable" initiatives, alongside trading conditions transitioning to a more "normalised" state.

Macquarie raises EPS forecasts by 98% and 10% for 2024 and 2025, respectively.

Target price revised to NZ79c from NZ69c. Outperform rating unchanged.

FORECAST
Macquarie forecasts a full year FY25 dividend of 2.75 cents and EPS of 4.86 cents.
Macquarie forecasts a full year FY26 dividend of 4.59 cents and EPS of 7.61 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

05/12/2024

3

Neutral

-

-

At its recent investor day, Air New Zealand presented various initiatives aimed at driving earnings improvements by FY28.

Revenue initiatives are centered around capacity growth and premiumisation of the long-haul fleet, Jarden notes, with premium seating lifting 30% over FY19 levels and a 10-15% revenue per available seat kilometre increase expected on North American routes.

On the cost side, the airline is seeking to save around -NZ$100m with targeted savings in labour and overheads. Jarden's updated forecasts reflect a modestly more positive earnings outlook with downside risk to capacity offset by lower fuel, labour and interest costs.

Target rises to NZ61c from NZ57c, Neutral retained.

FORECAST
Jarden forecasts a full year FY25 dividend of 1.83 cents and EPS of 2.94 cents.
Jarden forecasts a full year FY26 dividend of 2.94 cents and EPS of 4.86 cents.
Access Extra Coverage Research History >

AIZ STOCK CHART

FNArena News on AIZ

1
Australian Broker Call *Extra* Edition – Dec 05, 2024

Dec 05 2024 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Sep 11, 2024

Sep 11 2024 - Daily Market Reports
3
FNArena Corporate Results Monitor – 06-09-2024

Sep 06 2024 - Australia
4
Australian Broker Call *Extra* Edition – Apr 30, 2024

Apr 30 2024 - Daily Market Reports
5
ESG Focus: Decarbonisation, Renewables & Cyber Crime

Apr 03 2024 - ESG Focus

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