Auckland International Airport (AUKNY) AI Stock Analysis

• Market Cap: $7.76B
• Dividend Yield: 0.08%
• Average Volume (3M): 32.00
• Price to Earnings (P/E): 178.4
• Beta (1Y): 0.51
• Revenue Growth: 21.66%
• EPS Growth: -60.18%
• Country: US
• Employees: 754
• Sector: Industrials
• Sector Strength: 93
• Industry: Airlines, Airports & Air Services
• EPS (TTM): 0.35
• Shares Outstanding: 337,621,830
• 10 Day Avg. Volume: 22
• 30 Day Avg. Volume: 32
• PEG Ratio: 0.15
• Price to Book (P/B): 1.15
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -26.10
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $23.50
• Price Target Upside: 2.00% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 49 Neutral
• Price Target: $22.50 ▼(-2.34%Downside)

Auckland International Airport's overall stock score is primarily impacted by its mixed financial performance, characterized by strong revenue growth but declining profitability. The technical analysis reflects a neutral market sentiment, while the high P/E ratio indicates overvaluation concerns. These factors together lead to a cautious outlook for the stock.

Auckland International Airport Business Overview & Revenue Model

Company 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 provides 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 offers 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 was founded in 1966 and is based in Manukau, New Zealand.

How the Company Makes Money

Auckland International Airport generates revenue through several key streams. Primarily, the airport earns money from aeronautical services which include landing fees, terminal charges, and passenger services charges paid by airlines. Additionally, non-aeronautical revenue plays a significant role, derived from retail operations, parking fees, rental properties, and advertising. The airport also benefits from partnerships with airlines and retail brands, enhancing its service offerings and increasing commercial opportunities. These diverse revenue streams, combined with strategic partnerships and investments in infrastructure, contribute to the airport's financial performance.

Auckland International Airport Financial Statement Overview

Summary

Auckland International Airport shows improved revenue and operational metrics, but profitability is challenged by declining net income and negative free cash flow, raising liquidity concerns.

Income Statement

The company shows a volatile revenue trajectory with fluctuating profitability. The gross profit margin has improved significantly from 47% to 77% over the last year, indicating better cost management. However, net profit margin has decreased drastically from 6.9% to 0.6%, reflecting increased expenses or lower sales growth. The EBIT and EBITDA margins have improved, suggesting operational efficiencies. Overall, the revenue growth rate is strong at 37.6%, but net income has faced a severe decline, impacting profitability.

Balance Sheet

Auckland International Airport's balance sheet shows a stable equity base, with stockholders' equity steadily increasing. Despite rising total debt, the debt-to-equity ratio remains moderate at 0.31, indicating manageable leverage. The equity ratio has improved to 69.3%, signifying strong financial stability. However, the return on equity has fallen drastically to 0.06% from 0.52%, which could be a concern for investors seeking returns.

Cash Flow

The cash flow statement reveals challenges in free cash flow, which has deteriorated significantly. Operating cash flow has increased to $496.3 million, but free cash flow remains negative at -$350.9 million, indicating high capital expenditures. The operating cash flow to net income ratio is strong, suggesting robust cash generation relative to net income. However, the free cash flow to net income ratio is negative, highlighting potential liquidity issues.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	836.70M	622.70M	300.00M	276.20M	542.30M
Gross Profit	660.40M	292.50M	49.20M	169.40M	423.10M
EBITDA	584.10M	252.20M	336.40M	149.30M	382.10M
Net Income	5.50M	43.20M	191.60M	464.20M	193.90M
Balance Sheet
Total Assets	12.42B	10.83B	10.18B	9.82B	9.34B
Cash, Cash Equivalents and Short-Term Investments	219.70M	107.80M	24.70M	79.50M	765.30M
Total Debt	2.68B	1.82B	1.48B	1.39B	2.15B
Total Liabilities	3.81B	2.45B	2.03B	1.89B	2.71B
Stockholders Equity	8.61B	8.38B	8.15B	7.93B	6.64B
Cash Flow
Free Cash Flow	-350.90M	-157.60M	-128.60M	-82.40M	-61.60M
Operating Cash Flow	496.30M	307.50M	96.20M	59.10M	178.90M
Investing Cash Flow	-1.12B	-578.00M	-278.20M	-214.60M	-399.70M
Financing Cash Flow	741.20M	352.00M	127.20M	-530.30M	948.80M

Auckland International Airport Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 23.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AUKNY, the sentiment is Neutral. The current price of 23.04 is above the 20-day moving average (MA) of 22.87, below the 50-day MA of 23.17, and below the 200-day MA of 23.15, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 51.03 is Neutral, neither overbought nor oversold. The STOCH value of 79.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AUKNY.

Auckland International Airport Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OMAB	78 Outperform	$5.20B	19.26	44.27%	0.04%	-10.13%	-6.82%
LTM	74 Outperform	$12.59B	11.71	138.69%	1.52%	6.41%	49.58%
PAC	73 Outperform	$11.31B	24.13	47.69%	0.02%	7.45%	-13.53%
ASR	73 Outperform	$9.17B	14.44	28.86%	0.03%	5.67%	-9.58%
Sector *	71 Outperform	¥269.20B	13.89	8.47%	2.88%	6.35%	13.11%
CAAP	68 Neutral	$3.29B	22.82	11.32%	―	6.45%	-64.13%
AUKNY	49 Neutral	$7.76B	178.37	0.80%	0.08%	21.66%	-60.18%