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Auckland International Airport

ASX:AIA
Snowflake Description

Fair value with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AIA
ASX
NZ$6B
Market Cap
  1. Home
  2. AU
  3. Transportation
Company description

Auckland International Airport Limited provides airport facilities, supporting infrastructure, and aeronautical services in Auckland, New Zealand. The last earnings update was 44 days ago. More info.


Add to Portfolio Compare Print
  • Auckland International Airport has significant price volatility in the past 3 months.
AIA Share Price and Events
7 Day Returns
-10.5%
ASX:AIA
-6.3%
AU Infrastructure
5%
AU Market
1 Year Returns
-37.6%
ASX:AIA
-17.9%
AU Infrastructure
-19.2%
AU Market
AIA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Auckland International Airport (AIA) -10.5% -35.2% -43.7% -37.6% -22.6% 8.2%
AU Infrastructure -6.3% -29.1% -28.6% -17.9% -7.4% 11.2%
AU Market 5% -20.3% -25.8% -19.2% -16.8% -17.5%
1 Year Return vs Industry and Market
  • AIA underperformed the Infrastructure industry which returned -17.9% over the past year.
  • AIA underperformed the Market in Australia which returned -19.2% over the past year.
Price Volatility
AIA
Industry
5yr Volatility vs Market

AIA Value

 Is Auckland International Airport undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Auckland International Airport to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Auckland International Airport.

ASX:AIA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in NZD NZ$ 0.15073461538462
Payout Ratio Company Filings (2019-12-31) 3958.9%
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year AU Government Bond Rate 1.1%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:AIA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 1.1%
Equity Risk Premium S&P Global 5.4%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.67
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.669 (1 + (1- 28%) (40.23%))
1.4
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.4
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.08% + (1.4 * 5.44%)
8.7%

Discounted Cash Flow Calculation for ASX:AIA using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Auckland International Airport is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

ASX:AIA Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= NZ$0.15 / (8.7% - 1.08%)
NZ$1.85
ASX:AIA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in ASX:AIA represents 0.96627x of NZSE:AIA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.96627x
Value per Share
(Listing Adjusted, AUD)
= Value per Share (NZD) x Listing Adjustment Factor
= NZ$ 1.98 x 0.96627
A$1.91
Value per share (AUD) From above. A$1.91
Current discount Discount to share price of A$4.87
= -1 x (A$4.87 - A$1.91) / A$1.91
-154.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Auckland International Airport is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Auckland International Airport's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Auckland International Airport's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:AIA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in NZD NZ$0.43
NZSE:AIA Share Price ** NZSE (2020-04-03) in NZD NZ$5.04
Oceania Infrastructure Industry PE Ratio Median Figure of 8 Publicly-Listed Infrastructure Companies 31.65x
Australia Market PE Ratio Median Figure of 515 Publicly-Listed Companies 12.99x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Auckland International Airport.

ASX:AIA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NZSE:AIA Share Price ÷ EPS (both in NZD)

= 5.04 ÷ 0.43

11.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Auckland International Airport is good value based on earnings compared to the Oceania Infrastructure industry average.
  • Auckland International Airport is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Auckland International Airport's expected growth come at a high price?
Raw Data
ASX:AIA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
-7%per year
Oceania Infrastructure Industry PEG Ratio Median Figure of 6 Publicly-Listed Infrastructure Companies 3.07x
Australia Market PEG Ratio Median Figure of 336 Publicly-Listed Companies 1x

*Line of best fit is calculated by linear regression .

ASX:AIA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.66x ÷ -7%

-1.67x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Auckland International Airport earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Auckland International Airport's assets?
Raw Data
ASX:AIA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in NZD NZ$5.00
NZSE:AIA Share Price * NZSE (2020-04-03) in NZD NZ$5.04
Australia Infrastructure Industry PB Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 1.17x
Australia Market PB Ratio Median Figure of 1,614 Publicly-Listed Companies 1.24x
ASX:AIA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NZSE:AIA Share Price ÷ Book Value per Share (both in NZD)

= 5.04 ÷ 5.00

1.01x

* Primary Listing of Auckland International Airport.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Auckland International Airport is good value based on assets compared to the AU Infrastructure industry average.
X
Value checks
We assess Auckland International Airport's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Infrastructure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Infrastructure industry average (and greater than 0)? (1 check)
  5. Auckland International Airport has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AIA Future Performance

 How is Auckland International Airport expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Auckland International Airport expected to grow at an attractive rate?
  • Auckland International Airport's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.1%.
Growth vs Market Checks
  • Auckland International Airport's earnings are expected to decrease over the next 1-3 years, this is below the Australia market average.
  • Auckland International Airport's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:AIA Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:AIA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts -7%
ASX:AIA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 8.1%
Oceania Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 37.2%
Oceania Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 4%
Australia Market Earnings Growth Rate Market Cap Weighted Average 10.2%
Australia Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:AIA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in NZD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:AIA Future Estimates Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 838 1
2022-06-30 793 317 270 7
2021-06-30 668 280 173 8
2020-06-30 651 313 197 8
2020-04-04
ASX:AIA Past Financials Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income *
2019-12-31 739 390 524
2019-09-30 737 383 524
2019-06-30 735 376 524
2019-03-31 724 352 577
2018-12-31 713 329 631
2018-09-30 694 325 641
2018-06-30 676 321 650
2018-03-31 659 316 504
2017-12-31 643 310 357
2017-09-30 632 309 345
2017-06-30 621 307 333
2017-03-31 609 303 311

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Auckland International Airport's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Auckland International Airport's revenue is expected to grow by 8.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:AIA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Auckland International Airport Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:AIA Future Estimates Data
Date (Data in NZD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30 0.22 0.23 0.21 3.00
2021-06-30 0.14 0.20 0.06 4.00
2020-06-30 0.16 0.18 0.14 4.00
2020-04-04
ASX:AIA Past Financials Data
Date (Data in NZD Millions) EPS *
2019-12-31 0.43
2019-09-30 0.43
2019-06-30 0.43
2019-03-31 0.48
2018-12-31 0.53
2018-09-30 0.53
2018-06-30 0.54
2018-03-31 0.42
2017-12-31 0.30
2017-09-30 0.29
2017-06-30 0.28
2017-03-31 0.26

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Auckland International Airport is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Auckland International Airport's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Oceania market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Oceania market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Auckland International Airport has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AIA Past Performance

  How has Auckland International Airport performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Auckland International Airport's growth in the last year to its industry (Infrastructure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Auckland International Airport has delivered over 20% year on year earnings growth in the past 5 years.
  • Auckland International Airport's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Auckland International Airport's 1-year earnings growth is negative, it can't be compared to the Oceania Infrastructure industry average.
Earnings and Revenue History
Auckland International Airport's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Auckland International Airport Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:AIA Past Revenue, Cash Flow and Net Income Data
Date (Data in NZD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 738.60 523.50 19.40
2019-09-30 736.75 523.50 20.40
2019-06-30 734.90 523.50 21.40
2019-03-31 724.05 577.45 23.25
2018-12-31 713.20 631.40 25.10
2018-09-30 694.45 640.75 25.35
2018-06-30 675.70 650.10 25.60
2018-03-31 659.40 503.55 25.90
2017-12-31 643.10 357.00 26.20
2017-09-30 632.25 344.95 27.15
2017-06-30 621.40 332.90 28.10
2017-03-31 609.20 310.65 28.30
2016-12-31 597.00 288.40 28.50
2016-09-30 581.90 275.40 27.45
2016-06-30 566.80 262.40 26.40
2016-03-31 548.15 254.45 24.00
2015-12-31 529.50 246.50 21.60
2015-09-30 514.65 235.00 21.15
2015-06-30 499.80 223.50 20.70
2015-03-31 490.62 223.16 20.52
2014-12-31 481.43 222.81 20.34
2014-09-30 475.32 219.36 20.42
2014-06-30 469.20 215.90 20.50
2014-03-31 462.80 201.42 20.86
2013-12-31 456.40 186.94 21.23
2013-09-30 448.93 182.46 21.43
2013-06-30 441.46 177.97 21.64

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Auckland International Airport has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Auckland International Airport used its assets more efficiently than the Oceania Infrastructure industry average last year based on Return on Assets.
  • Auckland International Airport's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Auckland International Airport's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Infrastructure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Auckland International Airport has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AIA Health

 How is Auckland International Airport's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Auckland International Airport's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Auckland International Airport's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Auckland International Airport's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Auckland International Airport's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Auckland International Airport Company Filings, last reported 3 months ago.

ASX:AIA Past Debt and Equity Data
Date (Data in NZD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 6,078.80 2,463.80 65.20
2019-09-30 6,078.80 2,463.80 65.20
2019-06-30 6,032.90 2,278.80 37.30
2019-03-31 6,032.90 2,278.80 37.30
2018-12-31 5,725.60 2,197.40 64.80
2018-09-30 5,725.60 2,197.40 64.80
2018-06-30 5,682.10 2,100.50 106.70
2018-03-31 5,682.10 2,100.50 106.70
2017-12-31 4,102.30 2,287.60 110.90
2017-09-30 4,102.30 2,287.60 110.90
2017-06-30 4,029.00 2,095.60 45.70
2017-03-31 4,029.00 2,095.60 45.70
2016-12-31 3,939.40 1,988.20 29.60
2016-09-30 3,939.40 1,988.20 29.60
2016-06-30 3,880.70 1,943.90 53.30
2016-03-31 3,880.70 1,943.90 53.30
2015-12-31 3,070.10 1,803.70 13.20
2015-09-30 3,070.10 1,803.70 13.20
2015-06-30 3,042.90 1,746.40 38.50
2015-03-31 3,042.90 1,746.40 38.50
2014-12-31 2,916.97 1,637.15 43.03
2014-09-30 2,916.97 1,637.15 43.03
2014-06-30 2,918.70 1,540.00 41.90
2014-03-31 2,918.70 1,540.00 41.90
2013-12-31 2,508.01 1,141.32 35.81
2013-09-30 2,508.01 1,141.32 35.81
2013-06-30 2,499.51 1,163.68 69.15
  • Auckland International Airport's level of debt (40.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (56.1% vs 40.5% today).
  • Debt is not well covered by operating cash flow (15.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.2x coverage).
X
Financial health checks
We assess Auckland International Airport's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Auckland International Airport has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AIA Dividends

 What is Auckland International Airport's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Auckland International Airport dividends. Estimated to be 2.99% next year.
If you bought A$2,000 of Auckland International Airport shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Auckland International Airport's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Auckland International Airport's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:AIA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Oceania Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.8%
Australia Market Average Dividend Yield Market Cap Weighted Average of 367 Stocks 5.5%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.7%
Australia Bottom 25% Dividend Yield 25th Percentile 3.2%
Australia Top 25% Dividend Yield 75th Percentile 8.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:AIA Future Dividends Estimate Data
Date (Data in NZ$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.10 1.00
2022-06-30 0.20 8.00
2021-06-30 0.14 9.00
2020-06-30 0.11 8.00
2020-04-04
ASX:AIA Past Annualized Dividends Data
Date (Data in NZ$) Dividend per share (annual) Avg. Yield (%)
2020-03-16 0.000 0.000
2019-08-21 0.225 2.547
2019-02-21 0.220 2.557
2018-08-23 0.220 3.067
2018-08-22 0.220 3.176
2018-03-27 0.215 3.238
2017-08-22 0.210 3.277
2017-02-17 0.200 2.877
2017-02-16 0.200 2.954
2016-08-29 0.180 2.691
2016-03-31 0.170 2.562
2015-08-24 0.146 2.686
2015-02-20 0.146 3.031
2014-08-26 0.070 1.731
2014-02-20 0.000 0.000
2014-01-15 0.000 0.000
2013-08-21 0.133 3.535
2012-08-29 0.117 3.710
2011-08-23 0.097 3.584
2010-08-26 0.091 3.755
2010-02-26 0.091 4.228
2009-08-28 0.091 4.325

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Auckland International Airport has not reported any payouts.
  • Unable to verify if Auckland International Airport's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Auckland International Airport's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Auckland International Airport has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Auckland International Airport's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Auckland International Airport afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Auckland International Airport has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AIA Management

 What is the CEO of Auckland International Airport's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Adrian Littlewood
COMPENSATION NZ$3,609,142
TENURE AS CEO 7.4 years
CEO Bio

Mr. Adrian Littlewood, BA, LLB has been the Chief Executive Officer at Auckland International Airport Limited since November 12, 2012. Mr. Littlewood served as General Manager of Retail and Commercial of Auckland International Airport until November 12, 2012. He joined Auckland International Airport Ltd., in February 2009. He was responsible for Auckland International Airport Ltd's car parking and retail businesses, including duty free, specialty retail and food & beverage. He served in the mass-market retail business of Telecom. He has proven strategic marketing skills and wide commercial experience. Mr. Littlewood graduated from Auckland University with a Bachelor of Law and Bachelor of Arts, began his career in corporate and commercial law with Belly Gully in New Zealand and Baker & McKenzie in London.

CEO Compensation
  • Insufficient data for Adrian to compare compensation growth.
  • Adrian's remuneration is lower than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Auckland International Airport management team in years:

3.1
Average Tenure
  • The tenure for the Auckland International Airport management team is about average.
Management Team

Adrian Littlewood

TITLE
Chief Executive Officer
COMPENSATION
NZ$4M
TENURE
7.4 yrs

Phil Neutze

TITLE
Chief Financial Officer
TENURE
4.3 yrs

Meyer Cassels-Brown

TITLE
General Manager of Operations
TENURE
1.9 yrs

Jonathan Good

TITLE
General Manager of Technology & Marketing
TENURE
0.9 yrs

Liz Tuck

TITLE
General Manager Corporate Services & General Counsel

Libby Middlebrook

TITLE
Head of Communications & External Relations

Morag Finch

TITLE
Acting Company Secretary
Board of Directors Tenure

Average tenure of the Auckland International Airport board of directors in years:

1.8
Average Tenure
  • The average tenure for the Auckland International Airport board of directors is less than 3 years, this suggests a new board.
Board of Directors

Patrick Strange

TITLE
Chair of the Board
COMPENSATION
NZ$219K
TENURE
1.5 yrs

Justine Gay Smyth

TITLE
Independent Non-Executive Director
COMPENSATION
NZ$178K
TENURE
7.8 yrs

Julia Hoare

TITLE
Independent Non-Executive Director
COMPENSATION
NZ$169K
TENURE
2.5 yrs

Christine Spring

TITLE
Independent Non-Executive Director
COMPENSATION
NZ$185K
TENURE
5.5 yrs

Mark Binns

TITLE
Independent Non-Executive Director
COMPENSATION
NZ$159K
TENURE
2 yrs

Dean Hamilton

TITLE
Independent Non-Executive Director
COMPENSATION
NZ$107K
TENURE
1.4 yrs

Tania Joy Te Simpson

TITLE
Independent Non-Executive Director
COMPENSATION
NZ$99K
TENURE
1.4 yrs

Liz Savage

TITLE
Independent Director
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Auckland International Airport individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
28. May 19 Sell BlackRock Advisors (UK) Limited Company 30. Apr 19 22. May 19 -92,703 A$8.62 A$0
28. May 19 Buy BlackRock Advisors (UK) Limited Company 18. Apr 19 23. May 19 170,878 A$8.67 A$0
28. May 19 Sell BlackRock Investment Management (UK) Limited Company 22. May 19 22. May 19 -64,550 A$8.55 A$-551,903
28. May 19 Buy BlackRock Investment Management (UK) Limited Company 23. Apr 19 22. May 19 102,118 A$8.60 A$0
17. Apr 19 Sell BlackRock International Limited Company 09. Apr 19 09. Apr 19 -24,034 A$7.61 A$-182,784
28. May 19 Buy BlackRock (Netherlands) B.V. Company 10. May 19 10. May 19 2,570 A$8.42 A$21,639
17. Apr 19 Sell BlackRock Investment Management (UK) Limited Company 10. Apr 19 10. Apr 19 -12,859 A$7.52 A$-96,762
17. Apr 19 Sell BlackRock Advisors (UK) Limited Company 09. Apr 19 15. Apr 19 -12,491 A$7.57 A$0
17. Apr 19 Buy BlackRock Advisors (UK) Limited Company 09. Apr 19 15. Apr 19 17,873 A$7.57 A$0
10. Apr 19 Sell BlackRock Advisors (UK) Limited Company 03. Apr 19 08. Apr 19 -20,682 A$7.76 A$0
10. Apr 19 Buy BlackRock Advisors (UK) Limited Company 03. Apr 19 08. Apr 19 12,588 A$7.76 A$0
23. Apr 19 Sell BlackRock Advisors (UK) Limited Company 17. Apr 19 17. Apr 19 -1,179 A$8.02 A$-9,456
23. Apr 19 Buy BlackRock Advisors (UK) Limited Company 16. Apr 19 17. Apr 19 18,314 A$8.02 A$146,777
10. Mar 20 Buy Elizabeth Savage Individual 02. Mar 20 02. Mar 20 287 A$7.76 A$2,226
10. Mar 20 Buy Dean Hamilton Individual 28. Feb 20 28. Feb 20 755 A$7.75 A$5,854
10. Mar 20 Buy Christine Spring Individual 03. Mar 20 03. Mar 20 754 A$7.73 A$5,826
10. Mar 20 Buy Julia Hoare Individual 28. Feb 20 28. Feb 20 754 A$7.75 A$5,846
10. Mar 20 Buy Justine Gay Smyth Individual 28. Feb 20 28. Feb 20 754 A$7.75 A$5,846
10. Mar 20 Buy Tania Joy Te Simpson Individual 28. Feb 20 28. Feb 20 755 A$7.75 A$5,854
10. Mar 20 Buy Patrick Strange Individual 28. Feb 20 28. Feb 20 1,594 A$7.75 A$12,358
10. Mar 20 Buy Mark Binns Individual 28. Feb 20 28. Feb 20 754 A$7.75 A$5,846
10. Mar 20 Buy Brett Godfrey Individual 05. Mar 20 05. Mar 20 470 A$7.72 A$3,629
10. Sep 19 Buy Julia Hoare Individual 09. Sep 19 09. Sep 19 642 A$8.83 A$5,668
10. Apr 19 Buy BlackRock, Inc. Company 03. Apr 19 08. Apr 19 241,136 A$7.87 A$109,824
10. Sep 19 Buy Patrick Strange Individual 09. Sep 19 09. Sep 19 1,359 A$8.83 A$11,998
13. Sep 19 Sell Richard Barker Individual 27. Aug 19 27. Aug 19 -7,000 A$8.63 A$-60,399
28. May 19 Sell BlackRock, Inc. Company 24. Apr 19 22. May 19 -844,598 A$8.70 A$-456,260
28. May 19 Buy BlackRock, Inc. Company 18. Apr 19 24. May 19 469,081 A$8.64 A$267,762
05. Sep 19 Sell Justine Gay Smyth Individual 02. Sep 19 02. Sep 19 -10,000 A$8.98 A$-89,831
23. Apr 19 Sell BlackRock, Inc. Company 17. Apr 19 17. Apr 19 -124,871 A$8.02 A$-996,961
23. Apr 19 Buy BlackRock, Inc. Company 16. Apr 19 16. Apr 19 12,604 A$7.97 A$100,454
17. Apr 19 Sell BlackRock, Inc. Company 10. Apr 19 10. Apr 19 -32,462 A$7.55 A$-68,657
17. Apr 19 Buy BlackRock, Inc. Company 09. Apr 19 15. Apr 19 103,745 A$7.59 A$0
10. Sep 19 Buy Justine Gay Smyth Individual 09. Sep 19 09. Sep 19 642 A$8.83 A$5,668
10. Sep 19 Buy Mark Binns Individual 09. Sep 19 09. Sep 19 642 A$8.83 A$5,668
10. Sep 19 Buy Brett Godfrey Individual 09. Sep 19 09. Sep 19 642 A$8.83 A$5,668
10. Sep 19 Sell Justine Gay Smyth Individual 09. Sep 19 09. Sep 19 -10,000 A$9.08 A$-90,808
10. Sep 19 Buy Christine Spring Individual 09. Sep 19 09. Sep 19 642 A$8.83 A$5,668
10. Sep 19 Buy Tania Joy Te Simpson Individual 09. Sep 19 09. Sep 19 642 A$8.83 A$5,668
10. Sep 19 Buy Dean Hamilton Individual 09. Sep 19 09. Sep 19 642 A$8.83 A$5,668
04. Sep 19 Sell Justine Gay Smyth Individual 30. Aug 19 30. Aug 19 -20,000 A$8.80 A$-175,985
X
Management checks
We assess Auckland International Airport's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Auckland International Airport has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AIA News

Simply Wall St News

AIA Company Info

Description

Auckland International Airport Limited provides airport facilities, supporting infrastructure, and aeronautical services in Auckland, New Zealand. The company operates through three segments: Aeronautical, Retail, and Property. The Aeronautical segment offers services that facilitate the movement of aircraft, passengers, and cargo, as well as utility services, which support the airport; and leases space for facilities, such as terminals. The Retail segment provides services to the retailers within the terminals; and car parking facilities for passengers, visitors, and airport staff. The Property segment leases cargo buildings, hangars, and stand-alone investment properties. The company also holds investments in Queenstown Airport in New Zealand; the Tainui Auckland Airport Hotel Limited Partnership that operates the Novotel hotel at Auckland Airport; and Cairns Airport and Mackay Airport in Queensland, Australia. The company was founded in 1988 and is based in Manukau, New Zealand.

Details
Name: Auckland International Airport Limited
AIA
Exchange: ASX
Founded: 1988
NZ$5,966,056,831
1,215,040,409
Website: http://www.aucklandairport.co.nz
Address: Auckland International Airport Limited
4 Leonard Isitt Drive,
Auckland Airport Business District,
Manukau,
2022,
New Zealand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NZSE AIA Ordinary Shares New Zealand Stock Exchange NZ NZD 28. Jul 1998
OTCPK ACKD.F Ordinary Shares Pink Sheets LLC US USD 28. Jul 1998
DB BZTA Ordinary Shares Deutsche Boerse AG DE EUR 28. Jul 1998
ASX AIA Ordinary Shares Australian Securities Exchange AU AUD 28. Jul 1998
CHIA AIA Ordinary Shares Chi-X Australia AU AUD 28. Jul 1998
OTCPK AUKN.Y SPONSORED ADR Pink Sheets LLC US USD 29. Oct 2008
NZSE AIAZ NPV New Zealand Stock Exchange NZ NZD 03. Apr 2014
ASX AIA NPV Australian Securities Exchange AU AUD 03. Apr 2014
Number of employees
Current staff
Staff numbers
730
Auckland International Airport employees.
Industry
Airport Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 10:31
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/29
Last earnings filing: 2020/02/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.