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: 2.84
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.555

11 Apr
2024

0.000

OPEN

$0.56

0.000

HIGH

$0.56

1,353,071

LOW

$0.55

TARGET
$0.74 33.3% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
a2b . 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 FY24
Forecast
FY25
Forecast
EPS (cps) 4.5 xxx
DPS (cps) 3.1 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 12.3 xxx
Dividend Yield 5.5% xxx
Div Pay Ratio(%) 67.3% 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: 3.31%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

9.81

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 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx11.2
DPS All xxxxxxxxxxxxxxx6.5
Sales/Revenue xxxxxxxxxxxxxxx5,702.4 M
Book Value Per Share xxxxxxxxxxxxxxx56.8
Net Operating Cash Flow xxxxxxxxxxxxxxx1,710.2 M
Net Profit Margin xxxxxxxxxxxxxxx6.61 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx21.98 %
Return on Invested Capital xxxxxxxxxxxxxxx8.68 %
Return on Assets xxxxxxxxxxxxxxx4.71 %
Return on Equity xxxxxxxxxxxxxxx21.98 %
Return on Total Capital xxxxxxxxxxxxxxx9.16 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx1,159.3 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx502 M
Long Term Debt xxxxxxxxxxxxxxx2,568 M
Total Debt xxxxxxxxxxxxxxx3,069 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,050 M
Price To Book Value xxxxxxxxxxxxxxx1.26

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx550.8 M
Capex % of Sales xxxxxxxxxxxxxxx9.66 %
Cost of Goods Sold xxxxxxxxxxxxxxx4,630 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx627 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx708 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

0.8

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Macquarie

23/02/2024

1

Outperform

-

-

Air New Zealand's first half profit was down -38% year on year on softer demand and cost pressures, Macquarie notes. The second half outlook is tough due to impacts from engine issues.

On a combination of external factors (engine issues, fuel prices) and general airline volatility (competition, macro environment), Air NZ is seeing a perfect storm of headwinds. The broker still thinks the airline is well-positioned medium to long term, while near-term capital management will be a key driver.

The balance sheet remains strong and provides scope for capital management in coming years, Macquarie suggests, alongside ordinary dividends. Target falls to NZ77c from NZ87c, Outperform retained.

FORECAST
Macquarie forecasts a full year FY24 dividend of 3.06 cents and EPS of 4.54 cents.
Macquarie forecasts a full year FY25 dividend of 2.78 cents and EPS of 5.00 cents.

AIZ STOCK CHART