Infratil Ltd
NZX:IFT

Watchlist Manager
Infratil Ltd Logo
Infratil Ltd
NZX:IFT
Watchlist
Price: 12.46 NZD 1.05% Market Closed
Market Cap: NZ$12.5B

EV/EBIT

20.4
Current
12%
Cheaper
vs 3-y average of 23.1

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
20.4
=
Enterprise Value
NZ$17.4B
/
EBIT
NZ$923m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
20.4
=
Enterprise Value
NZ$17.4B
/
EBIT
NZ$923m

Valuation Scenarios

Infratil Ltd is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (23.1), the stock would be worth NZ$14.09 (13% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-10%
Maximum Upside
+107%
Average Upside
33%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 20.4 NZ$12.46
0%
3-Year Average 23.1 NZ$14.09
+13%
5-Year Average 42.2 NZ$25.81
+107%
Industry Average 24.6 NZ$15.01
+20%
Country Average 18.4 NZ$11.24
-10%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
NZ$17.4B
/
Oct 2025
NZ$923m
=
20.4
Current
NZ$17.4B
/
Mar 2026
NZ$373.3m
=
46.6
Forward
NZ$17.4B
/
Mar 2027
NZ$576.5m
=
30.2
Forward
NZ$17.4B
/
Mar 2028
NZ$727.4m
=
23.9
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
NZ
Infratil Ltd
NZX:IFT
12.2B NZD 20.4 23
US
Nextera Energy Inc
NYSE:NEE
187.4B USD 34.5 27.4
ES
Iberdrola SA
MAD:IBE
128.2B EUR 16.3 20.6
IT
Enel SpA
MIL:ENEL
97.3B EUR 13.9 23.3
US
Southern Co
NYSE:SO
101B USD 23 23.2
US
Constellation Energy Corp
NASDAQ:CEG
104B USD 35.4 38.7
US
Duke Energy Corp
NYSE:DUK
97.4B USD 21 19.9
US
American Electric Power Company Inc
NASDAQ:AEP
71.2B USD 21.7 19.9
FR
Electricite de France SA
PAR:EDF
46.6B EUR -3.2 -2.5
US
Entergy Corp
NYSE:ETR
50B USD 24.2 28.4
US
Xcel Energy Inc
NASDAQ:XEL
48.7B USD 28.9 24.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
NZ
Infratil Ltd
NZX:IFT
Average EV/EBIT: 23.9
20.4
22%
0.9
US
Nextera Energy Inc
NYSE:NEE
34.5
25%
1.4
ES
Iberdrola SA
MAD:IBE
16.3
6%
2.7
IT
Enel SpA
MIL:ENEL
13.9
15%
0.9
US
Southern Co
NYSE:SO
23
14%
1.6
US
Constellation Energy Corp
NASDAQ:CEG
35.4
36%
1
US
Duke Energy Corp
NYSE:DUK
21
9%
2.3
US
American Electric Power Company Inc
NASDAQ:AEP
21.7
12%
1.8
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
US
Entergy Corp
NYSE:ETR
24.2
17%
1.4
US
Xcel Energy Inc
NASDAQ:XEL
28.9
22%
1.3
P/E Multiple
Earnings Growth PEG
NZ
Infratil Ltd
NZX:IFT
Average P/E: 24.9
23
N/A N/A
US
Nextera Energy Inc
NYSE:NEE
27.4
13%
2.1
ES
Iberdrola SA
MAD:IBE
20.6
7%
2.9
IT
Enel SpA
MIL:ENEL
23.3
25%
0.9
US
Southern Co
NYSE:SO
23.2
12%
1.9
US
Constellation Energy Corp
NASDAQ:CEG
38.7
40%
1
US
Duke Energy Corp
NYSE:DUK
19.9
7%
2.8
US
American Electric Power Company Inc
NASDAQ:AEP
19.9
5%
4
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -2.5 N/A N/A
US
Entergy Corp
NYSE:ETR
28.4
13%
2.2
US
Xcel Energy Inc
NASDAQ:XEL
24.1
16%
1.5

Market Distribution

In line with most companies in New Zealand
Percentile
54th
Based on 200 companies
54th percentile
20.4
Low
4.9 — 14.7
Typical Range
14.7 — 29.3
High
29.3 —
Distribution Statistics
New Zealand
Min 4.9
30th Percentile 14.7
Median 18.4
70th Percentile 29.3
Max 518.2

Infratil Ltd
Glance View

Market Cap
12.5B NZD
Industry
Utilities

Infratil Ltd is a New Zealand-based company that has mastered the art of strategic investments in critical infrastructure sectors, positioning itself as a pivotal player in industries that underpin modern urban existence. Founded in 1994, Infratil has cultivated an intriguing portfolio that spans renewable energy, data centers, airports, and healthcare. The core of its business model hinges on identifying and optimizing assets that provide essential services and thereby ensuring stable, long-term cash flows. With a focus on innovation and sustainability, the company has embarked on a mission to foster growth in markets showing an increasing demand for infrastructural developments, such as energy transformation and digital advancements. The company's earnings are primarily driven by its investments in various infrastructure assets that generate revenue through either direct consumer interaction or long-term contracts. For instance, its investments in renewable energy projects, like wind farms, capitalize on the global shift towards sustainable energy, benefiting from the sales of electricity to national grids. Meanwhile, investments in digital infrastructure, like data centers, leverage the burgeoning demand for data storage spurred by the digital economy. Infratil’s airports and healthcare investments also provide steady cash flows through user fees and service charges. This diversified approach not only mitigates risk but also ensures robust returns, enabling Infratil Ltd to adeptly navigate the intricate dynamics of infrastructure investment, all while delivering value to shareholders.

IFT Intrinsic Value
10.22 NZD
Overvaluation 18%
Intrinsic Value
Price NZ$12.46
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett