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: 3.78
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

$6.59

21 May
2026

0.020

OPEN

$6.65

0.30%

HIGH

$6.69

766,438

LOW

$6.59

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 FY26
Forecast		 FY27
Forecast
EPS (cps) 16.0 xxx
DPS (cps) 11.5 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 41.6 xxx
Dividend Yield 1.7% xxx
Div Pay Ratio(%) 71.9% 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: 1.31%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.63

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: 17/09 - (franking ex-div 6.3c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx23.6
DPS All xxxxxxxxxxxxxxx14.2
Sales/Revenue xxxxxxxxxxxxxxx883.8 M
Book Value Per Share xxxxxxxxxxxxxxx575.0
Net Operating Cash Flow xxxxxxxxxxxxxxx377.9 M
Net Profit Margin xxxxxxxxxxxxxxx43.42 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx4.37 %
Return on Invested Capital xxxxxxxxxxxxxxx3.54 %
Return on Assets xxxxxxxxxxxxxxx3.15 %
Return on Equity xxxxxxxxxxxxxxx4.37 %
Return on Total Capital xxxxxxxxxxxxxxx3.83 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-617.1 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx352 M
Long Term Debt xxxxxxxxxxxxxxx1,952 M
Total Debt xxxxxxxxxxxxxxx2,304 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx526 M
Price To Book Value xxxxxxxxxxxxxxx1.25

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx855.4 M
Capex % of Sales xxxxxxxxxxxxxxx96.79 %
Cost of Goods Sold xxxxxxxxxxxxxxx424 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx33 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3,355 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

0.3

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

-

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

15/05/2026

3

Neutral

-

-

Citi considers yesterday's market update by Air New Zealand ((AIZ)) as a near-term headwind for Auckland International Airport. Rising fuel costs are driving expected FY26 losses and softer booking momentum.

The airline also flagged potential capacity reductions if fuel prices remain elevated, which could weigh on passenger volumes.

Given Air New Zealand accounts for more than 55% of pre-covid capacity at the airport, the analysts see risk to near-term earnings.

Neutral retained. Target NZ$8.80.

FORECAST
Citi forecasts a full year FY26 dividend of 11.61 cents and EPS of 16.06 cents.
Citi forecasts a full year FY27 dividend of 12.48 cents and EPS of 16.41 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

-

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
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

21/05/2026

3

Neutral

-

-

Jarden retains a Neutral rating for Auckland International Airport with a target price of NZ$7.94 following a draft regulatory decision.

The Commerce Commission published corrections to its weighted average cost of capital parameter estimates ahead of the upcoming price setting period spanning FY28-FY32.

The revised methodology lowers the asset beta to 0.62 from 0.715, implying a -5% annual reduction to estimated earnings before interest, tax, depreciation and amortisation.

A review of historical processes indicates meaningful scope for the asset beta estimate to be revised upward in the final decision, the broker notes.
Access Extra Coverage Research History >

AIA STOCK CHART

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