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Auckland International Airport Ltd
NZX:AIA

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Auckland International Airport Ltd
NZX:AIA
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Price: 8.37 NZD 1.45% Market Closed
Market Cap: NZ$14.2B

P/FCFE

87.7
Current
129%
More Expensive
vs 3-y average of 38.2

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
87.7
=
Market Cap
NZ$13.7B
/
Free Cash Flow to Equity
NZ$161.8m

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
87.7
=
Market Cap
NZ$13.7B
/
Free Cash Flow to Equity
NZ$161.8m

Valuation Scenarios

Auckland International Airport Ltd is trading above its 3-year average

If P/FCFE returns to its 3-Year Average (38.2), the stock would be worth NZ$3.65 (56% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-75%
Maximum Upside
No Upside Scenarios
Average Downside
68%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 87.7 NZ$8.37
0%
3-Year Average 38.2 NZ$3.65
-56%
5-Year Average 22.9 NZ$2.18
-74%
Industry Average 28.5 NZ$2.72
-68%
Country Average 21.5 NZ$2.06
-75%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close

Market Distribution

Higher than 94% of companies in New Zealand
Percentile
94rd
Based on 172 companies
94rd percentile
87.7
Low
2.3 — 12.5
Typical Range
12.5 — 34.7
High
34.7 —
Distribution Statistics
New Zealand
Min 2.3
30th Percentile 12.5
Median 21.5
70th Percentile 34.7
Max 457.5

Auckland International Airport Ltd
Glance View

Auckland International Airport Ltd stands as New Zealand's gateway to the world, bustling with activity and connecting millions of people each year. Nestled on the country’s North Island, it serves as the main international hub, channeling travelers and goods between the southern hemisphere and global destinations across Asia, the Pacific, and beyond. The airport's operations stretch across two key segments: aeronautical and non-aeronautical. The aeronautical segment earns its revenue primarily through the charges imposed on airlines for landing and parking of aircraft, passenger services, safety, and security infrastructure. It's a fine balance of logistical excellence and regulatory compliance, ensuring planes land and take off seamlessly while passengers experience a smooth travel journey. Beyond its core aviation services, Auckland International Airport Ltd has wisely diversified its income streams, capitalizing on its strategic location and constant flow of travelers. The non-aeronautical segment taps into retail and commercial partnerships, offering concessions within the terminal, car parking services, and a range of land use options, including hotels and cargo logistics. This strategy not only stabilizes revenue in the face of fluctuating flight numbers but also enriches the travel experience with a vibrant shopping and hospitality ecosystem. In essence, while airplanes provide the framework, it’s the careful orchestration of these multifaceted services that propels Auckland Airport's profitability, ensuring it remains a crucial, dynamic hub in the global travel network.

AIA Intrinsic Value
7.2 NZD
Overvaluation 14%
Intrinsic Value
Price NZ$8.37
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