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

$7.24

05 May
2025

0.110

OPEN

$7.14

1.54%

HIGH

$7.29

718,836

LOW

$7.12

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) 17.4 xxx
DPS (cps) 12.3 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 41.6 xxx
Dividend Yield 1.7% xxx
Div Pay Ratio(%) 70.4% 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: 0.87%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.83

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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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

-

xx.xx%

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Citi

16/04/2025

1

Buy

-

-

Citi observes the March traffic update from Auckland International Airport. Passenger movements declined -3% year-on-year, with softer international down -4% on a year earlier, offset by slightly higher international load factors, the broker notes.

USA routes capacity has declined by -18% and resulted in weaker transit passengers, which are attributed to Air NZ and United Airlines. Domestic capacity was flat year-on-year.

Citi believes Auckland International Airport will probably not achieve the 10.5m FY25 international passenger forecast, while domestic should be achieved at 8.4m.

Buy rated with NZ$9.80 target price.

FORECAST
Citi forecasts a full year FY25 dividend of 12.12 cents and EPS of 17.68 cents.
Citi forecasts a full year FY26 dividend of 12.58 cents and EPS of 17.96 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

-

xx.xx%

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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

03/04/2025

3

Neutral

-

-

New Zealand's Commerce Commission declared Auckland International Airport's targeted return of 8.73% was too high, prompting the airport to cut FY26-27 prices by -11%.

Jarden believes the airport's total return will be -0.43% lower than that due to lower volumes and higher opex, partly offset by delayed capex.

The broker cut FY26-27 net profit forecasts by -5% and -10%, respectively, after factoring in a -11% reduction in aeronautical pricing and other changes based on the regulatory review.

Target price drops to NZ$7.95 from NZ$8.00. Neutral maintained.

FORECAST
Jarden forecasts a full year FY25 dividend of 12.12 cents and EPS of 17.32 cents.
Jarden forecasts a full year FY26 dividend of 12.76 cents and EPS of 18.05 cents.

AIA STOCK CHART