- Auckland Airport has adjusted its forecast for the full-year underlying profit to a range of NZ$290 million to NZ$320 million, showing a tighter estimate compared to the previous NZ$280 million to NZ$320 million projection.
- The updated sum falls near the market estimate of NZ$317.5 million.
- The capital expenditure forecast remains between NZ$1.00 billion and NZ$1.30 billion.
- For the first half of the fiscal year, Auckland Airport reported a net income of NZ$187.3 million, marking a significant 58% increase year-on-year.
- The underlying profit for the same period was NZ$148.1 million.
- Total revenue amounted to NZ$499.9 million, surpassing the estimated NZ$490 million.
- An interim dividend of 6.25 NZ cents per share was declared.
- Analyst recommendations for the stock include 5 buy ratings, 5 hold ratings, and 2 sell ratings.
Auckland Intl Airport on Smartkarma
Analysts on Smartkarma are closely following Auckland International Airport (AIA NZ) as Auckland Council plans to sell its entire stake in the airport, aiming to raise NZ$1.3bn (US$772m). Clarence Chu provides a bullish perspective in his report “Auckland Airport Placement – NZ$1.3bn Cleanup Sale Will Remove the Overhang”, highlighting the significant impact of this sell-down on the market dynamics. In contrast, Sumeet Singh discusses the potential for a US$800m cleanup sale involving ACC’s remaining 11% stake, focusing on the implications for future fund transfers in his report “Auckland Airport Possible Placement – Getting Closer to a US$800m Cleanup“.
Brian Freitas also contributes valuable insights with a bullish outlook, particularly emphasizing the impact on index flows in his reports “Auckland Airport (AIA NZ) Placement: Potential Index Flows” and “Auckland Airport (AIA NZ) Placement: Index Impact“. The market is closely watching how passive trackers and investors will react to these large offerings and discounts, indicating a mix of sentiments and expectations within the analyst community regarding Auckland Intl Airport‘s current developments.
A look at Auckland Intl Airport Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 2 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Auckland Intl Airport has a promising long-term outlook. With a strong score of 4 for resilience and a high momentum score of 5, the company seems well-positioned to weather market fluctuations and capitalize on growth opportunities. While the value, dividend, and growth scores are moderate, the above-average scores in resilience and momentum indicate a company that is stable and performing well in the current market conditions.
Auckland International Airport Limited, the owner and operator of Auckland International Airport, boasts a single runway, an international terminal, and two domestic terminals. Offering a range of commercial facilities such as airfreight operations and car rental services, along with a commercial banking center and office buildings, the airport plays a vital role in New Zealand’s transportation infrastructure. With a solid score in resilience and momentum, Auckland Intl Airport appears to be a reliable investment option for those looking for steady returns in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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