Infratil Ltd
NZX:IFT

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Infratil Ltd
NZX:IFT
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Price: 12.22 NZD -1.29% Market Closed
Market Cap: NZ$12.2B

EV/S

4.6
Current
5%
Cheaper
vs 3-y average of 4.9

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

EV/S
4.6
=
Enterprise Value
NZ$17.4B
/
Revenue
NZ$4B

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

EV/S
4.6
=
Enterprise Value
NZ$17.4B
/
Revenue
NZ$4B

Valuation Scenarios

Infratil Ltd is trading below its 3-year average

If EV/S returns to its 3-Year Average (4.9), the stock would be worth NZ$12.93 (6% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-31%
Maximum Upside
+20%
Average Downside
9%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 4.6 NZ$12.22
0%
3-Year Average 4.9 NZ$12.93
+6%
5-Year Average 5.5 NZ$14.65
+20%
Industry Average 3.2 NZ$8.38
-31%
Country Average 3.2 NZ$8.38
-31%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
NZ$17.4B
/
Oct 2025
NZ$4B
=
4.6
Current
NZ$17.4B
/
Mar 2026
NZ$3.4B
=
5.1
Forward
NZ$17.4B
/
Mar 2027
NZ$3.6B
=
4.9
Forward
NZ$17.4B
/
Mar 2028
NZ$3.7B
=
4.7
Forward

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

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
Market Cap EV/S P/E
NZ
Infratil Ltd
NZX:IFT
12B NZD 4.6 22.5
US
Nextera Energy Inc
NYSE:NEE
198.7B USD 10.7 24.3
ES
Iberdrola SA
MAD:IBE
128.8B EUR 3.8 20.6
IT
Enel SpA
MIL:ENEL
99.2B EUR 1.9 23.3
US
Constellation Energy Corp
NASDAQ:CEG
113.6B USD 4.7 42.2
US
Southern Co
NYSE:SO
102.7B USD 5.7 23.7
US
Duke Energy Corp
NYSE:DUK
99B USD 5.6 20.2
US
American Electric Power Company Inc
NASDAQ:AEP
72.9B USD 5.4 20.4
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.4 -2.5
US
Entergy Corp
NYSE:ETR
51.4B USD 6.1 29.2
US
Xcel Energy Inc
NASDAQ:XEL
49.4B USD 5.7 24.5
P/E Multiple
Earnings Growth PEG
NZ
Infratil Ltd
NZX:IFT
Average P/E: 25.1
22.5
N/A N/A
US
Nextera Energy Inc
NYSE:NEE
24.3
13%
1.9
ES
Iberdrola SA
MAD:IBE
20.6
7%
2.9
IT
Enel SpA
MIL:ENEL
23.3
25%
0.9
US
Constellation Energy Corp
NASDAQ:CEG
42.2
40%
1.1
US
Southern Co
NYSE:SO
23.7
12%
2
US
Duke Energy Corp
NYSE:DUK
20.2
7%
2.9
US
American Electric Power Company Inc
NASDAQ:AEP
20.4
5%
4.1
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -2.5 N/A N/A
US
Entergy Corp
NYSE:ETR
29.2
13%
2.2
US
Xcel Energy Inc
NASDAQ:XEL
24.5
16%
1.5

Market Distribution

In line with most companies in New Zealand
Percentile
65th
Based on 234 companies
65th percentile
4.6
Low
0.2 — 1.7
Typical Range
1.7 — 5.7
High
5.7 —
Distribution Statistics
New Zealand
Min 0.2
30th Percentile 1.7
Median 3.2
70th Percentile 5.7
Max 23.9

Infratil Ltd
Glance View

Market Cap
12.2B 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 16%
Intrinsic Value
Price NZ$12.22
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