Air New Zealand Ltd
NZX:AIR
Intrinsic Value
Air New Zealand Ltd. engages in the transportation of passengers and cargo on an integrated network of scheduled airline services. [ Read More ]
The intrinsic value of one
AIR
stock under the Base Case scenario is
1.42
NZD.
Compared to the current market price of 0.57 NZD,
Air New Zealand Ltd
is
Undervalued by 60%.
Air New Zealand Ltd's market capitalization is 1.9B NZD.
AIR stock price is 0.57 NZD.
AIR stock price (0.57 NZD) is 60% less than its Intrinsic Value (1.42 NZD).
AIR has upside potential of 12% compared to the average analyst price target.
Open Wall St Estimates
AIR's Revenue is forecast to grow at a rate of 4% per year over the next 3 years.
AIR has positive Net Debt. This means that the company has more debt (3B NZD) than cash and short-term investments (2B NZD).
AIR's ROIC (Return on Invested Capital) for the past 12 months is positive and is equal to 5%.
AIR's ROE (Return on Equity) for the past 12 months is positive and is equal to 17%.
AIR's D/E (Debt to Equity) is equal to 1.26.
AIR's long-term assets (9B NZD) exceed its long-term liabilties (7B NZD).
AIR's ROIC (Return on Invested Capital) has increased in the last 3 years from -4% to 5%.
AIR's Revenue has grown by an exceptional 44% over the past 12 months.
AIR has positive Free Cash Flow for the last twelve months.
AIR's ROE (Return on Equity) has significantly increased in the last 3 years from -38% to 17%.
AIR's short-term liabilties (4B NZD) exceed its short-term assets (3B NZD).
AIR's Revenue has been growing by an exceptional 30% per year for the last 3 years.
AIR has positive Operating Income for the last twelve months.
AIR has negative three-year average ROIC (Return on Invested Capital): -2%. The company is not efficient at using invested capital to generate operating income.
AIR has positive Net Income for the last twelve months.
AIR has positive Gross Profit for the last twelve months.
AIR has negative three-year average ROE (Return on Equity): -17%. The company is not efficient at transforming stockholders' equity into net income.
AIR's Altman Z-Score is very low and is equal to 0.56.
AIR doesn't generate enough operating income (455m NZD) to safely cover interest payments on its debt (-145m NZD).
Valuation Backtest
Air New Zealand Ltd
Run backtest to discover the historical profit from buying and selling
AIR
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Air New Zealand Ltd
Balance Sheet Decomposition
Air New Zealand Ltd
| Current Assets | 2.7B |
| Cash & Short-Term Investments | 1.7B |
| Receivables | 475m |
| Other Current Assets | 507m |
| Non-Current Assets | 6.1B |
| Long-Term Investments | 186m |
| PP&E | 5.1B |
| Intangibles | 188m |
| Other Non-Current Assets | 600m |
| Current Liabilities | 3.6B |
| Accounts Payable | 881m |
| Other Current Liabilities | 2.7B |
| Non-Current Liabilities | 3.2B |
| Long-Term Debt | 2.5B |
| Other Non-Current Liabilities | 639m |
Earnings Waterfall
Air New Zealand Ltd
|
Revenue
|
6.7B
NZD
|
|
Cost of Revenue
|
-3.2B
NZD
|
|
Gross Profit
|
3.5B
NZD
|
|
Operating Expenses
|
-3B
NZD
|
|
Operating Income
|
455m
NZD
|
|
Other Expenses
|
-127m
NZD
|
|
Net Income
|
328m
NZD
|
Free Cash Flow Analysis
Air New Zealand Ltd
What is Free Cash Flow?
AIR Profitability Score
Profitability Due Diligence
Air New Zealand Ltd's profitability score is 48/100. The higher the profitability score, the more profitable the company is.
Score
Air New Zealand Ltd's profitability score is 48/100. The higher the profitability score, the more profitable the company is.
AIR Solvency Score
Solvency Due Diligence
Air New Zealand Ltd's solvency score is 29/100. The higher the solvency score, the more solvent the company is.
Score
Air New Zealand Ltd's solvency score is 29/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
AIR Price Targets Summary
Air New Zealand Ltd
According to Wall Street analysts, the average 1-year price target for
AIR
is 0.64 NZD
with a low forecast of 0.51 NZD and a high forecast of 0.81 NZD.
Shareholder Return
AIR Price
Air New Zealand Ltd
| Average Annual Return | -13.58% |
| Standard Deviation of Annual Returns | 21.68% |
| Max Drawdown | -71% |
| Market Capitalization | 1.9B NZD |
| Shares Outstanding | 3 368 430 080 |
| Percentage of Shares Shorted |
N/A
|
Company Profile
Air New Zealand Ltd
Country
Industry
Market Cap
Dividend Yield
Description
Air New Zealand Ltd. engages in the transportation of passengers and cargo on an integrated network of scheduled airline services. The Company, through its subsidiaries, is also engaged in aviation, aircraft leasing and financing, investment, and engineering services. The company is engaged in the operation of domestic and international passenger transport and cargo. Its operational fleet includes Boeing 777-300ER, Boeing 777-200ER, Boeing 787-9 Dreamliner, Boeing 767-300ER, Airbus A320-200, ATR 72-500/72-600, Bombardier Q300 and Beech 1900D. The firm offers check in and immigration services; baggage services, such as cabin baggage and excess baggage; on board flight services, and special assistant services for disable and pregnant people, and children, among others. The firm's short haul operations are represented in New Zealand, Australia and Pacific Islands, and its long haul operations are represented in Asia, North America and Europe.
Contact
IPO
Employees
Officers
The intrinsic value of one
AIR
stock under the Base Case scenario is
1.42
NZD.
Compared to the current market price of 0.57 NZD,
Air New Zealand Ltd
is
Undervalued by 60%.
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