Auckland International Airport (AUKNY) AI Stock Analysis

• Market Cap: $7.75B
• Dividend Yield: 1.45%
• Average Volume (3M): 55.00
• Price to Earnings (P/E): 178.7
• Beta (1Y): 0.66
• Revenue Growth: 21.66%
• EPS Growth: -60.18%
• Country: US
• Employees: 754
• Sector: Industrials
• Sector Strength: 66
• Industry: Airlines, Airports & Air Services
• EPS (TTM): 0.13
• Shares Outstanding: 336,364,960
• 10 Day Avg. Volume: 7
• 30 Day Avg. Volume: 55
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 28.90
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 0.00
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Auckland International Airport's overall stock score reflects mixed financial performance with strong revenue growth but declining net income. The technical indicators suggest a bearish momentum with oversold conditions. The valuation appears high, with a significant P/E ratio and modest dividend yield. These factors combined contribute to a below-average stock score.

Auckland International Airport Business Overview & Revenue Model

Company Description

Auckland International Airport (AUKNY) is New Zealand's busiest airport, serving as the primary gateway for international and domestic travel in the region. Located near Auckland, it operates within the transportation infrastructure sector, providing crucial services for airlines, passengers, and freight operations. The airport offers a range of facilities and services, including passenger terminals, cargo handling, retail, and hospitality services, contributing significantly to New Zealand's tourism and trade industries.

How the Company Makes Money

Auckland International Airport generates revenue through multiple streams, primarily from aeronautical charges, commercial activities, and property development. Aeronautical revenue is derived from fees charged to airlines for aircraft landings, passenger services, and terminal usage. Commercial revenue comes from retail and duty-free stores, food and beverage outlets, car parking, and rental services within the airport premises. Additionally, the airport manages and develops its extensive property portfolio, which includes leasing land and facilities to various businesses. Partnerships with airlines and retail operators, as well as strategic investments in infrastructure, further bolster its earnings.

Auckland International Airport Financial Statement Overview

Summary

Auckland International Airport exhibits a mixed financial performance. While revenue and operational metrics have improved, profitability has suffered due to declining net income. The balance sheet remains a strong point with stable equity and manageable debt levels, although returns on equity have diminished. Cash flow issues, particularly with free cash flow, pose liquidity concerns that need addressing to maintain financial health.

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
857.00M	622.70M	300.00M	276.20M	542.30M
	Gross Profit
660.40M	292.50M	49.20M	35.50M	271.20M
	EBIT
638.20M	260.80M	38.00M	28.40M	240.50M
	EBITDA
584.10M	401.20M	151.10M	149.30M	382.10M
	Net Income Common Stockholders
5.50M	43.20M	191.60M	464.20M	193.90M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
219.70M	107.80M	24.70M	79.50M	765.30M
	Total Assets
12.42B	10.83B	10.18B	9.82B	9.34B
	Total Debt
2.68B	1.82B	1.48B	1.39B	2.15B
	Net Debt
2.46B	1.71B	1.45B	1.31B	1.38B
	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: 23.09
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 23.09 is above the 20-day moving average (MA) of 22.83, below the 50-day MA of 23.54, and above the 200-day MA of 23.00, indicating a neutral trend. The MACD of -0.11 indicates Negative momentum. The RSI at 51.17 is Neutral, neither overbought nor oversold. The STOCH value of 92.49 is Negative, 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
UAL	72 Outperform	$22.99B	7.45	28.63%	―	6.23%	20.08%
DAL	70 Outperform	$28.32B	8.22	26.19%	1.25%	6.19%	-25.26%
OTIS	68 Neutral	$40.49B	25.10	-33.93%	1.53%	0.37%	19.87%
Sector *	62 Neutral	$8.05B	13.61	3.91%	3.11%	3.81%	-13.91%
AAL	56 Neutral	$7.04B	9.65	-21.27%	―	2.70%	2.20%
JBLU	47 Neutral	$1.84B	―	-26.60%	―	-3.50%	-148.99%
AUKNY	44 Neutral	$7.75B	178.68	0.80%	1.45%	21.66%	-60.18%