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

$7.34

10 Mar
2025

0.090

OPEN

$7.30

1.24%

HIGH

$7.34

856,115

LOW

$7.23

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 41.0 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: 0.88%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.82

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 17.31 cents.
UBS forecasts a full year FY26 dividend of 12.75 cents and EPS of 17.31 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

-

xx.xx%

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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

25/02/2025

3

Downgrade to Neutral from Overweight

-

-

Auckland International Airport's 1H25 normalised net profit missed Jarden's forecast by -NZ$15m, though the miss at EBITDAFI line was somewhat smaller at -NZ$7m. The airport's net profit guidance range of NZ$290-320m reflects a NZ$10m lift at the bottom end, the broker notes.

The broker highlights a worsening outlook for the fleet with ongoing engine maintenance delays alongside planned interior refurbishments suggesting 15-20% of its jet fleet will be out of service over the next two years.  The analyst has factored these worsening projections into the near-term forecasts, reducing overall passenger volumes by a further -3-5%.

Net profit forecasts for FY25-27 cut by -4-8% on lower aeronautical and retail revenues linked to lower passenger volumes.Target price cut to NZ$8.00 from NZ$8.21, and rating downgraded to Neutral from Overweight.

FORECAST
Jarden forecasts a full year FY25 dividend of 12.12 cents and EPS of 17.22 cents.
Jarden forecasts a full year FY26 dividend of 13.21 cents and EPS of 19.22 cents.
Access Extra Coverage Research History >

AIA STOCK CHART

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