Air New Zealand Ltd
NZX:AIR

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Air New Zealand Ltd
NZX:AIR
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Price: 0.585 NZD 0.86% Market Closed
Market Cap: 2B NZD
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Relative Value

The Relative Value of one AIR stock under the Base Case scenario is 0.916 NZD. Compared to the current market price of 0.585 NZD, Air New Zealand Ltd is Undervalued by 36%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

AIR Relative Value
Base Case
0.916 NZD
Undervaluation 36%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

0.3
P/S
P/S
Price to Sales
0.3
vs History
88
vs Industry
58
Median 3Y
0.5
Median 5Y
0.5
Industry
0.5
Forward
0.3
More Details
13.5
P/E
P/E
Price to Earnings
13.5
vs History
6
vs Industry
40
Median 3Y
-2.4
Median 5Y
-3
Industry
9.2
Forward
27.4
More Details
2.4
P/OCF
P/OCF
Price to OCF
2.4
vs History
44
vs Industry
67
Median 3Y
2.2
Median 5Y
2.2
Industry
3.5
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
31
Median 3Y
2.6
Median 5Y
2.6
Industry
10.5
More Details
1
P/B
P/B
Price to Book Value
1
vs History
84
vs Industry
58
Median 3Y
1.3
Median 5Y
1.3
Industry
2.1
More Details
0.4
EV/S
EV/S
Enterprise Value to Sales
0.4
vs History
88
vs Industry
82
Median 3Y
0.7
Median 5Y
0.9
Industry
0.9
Forward
0.4
More Details
0.9
EV/GP
EV/GP
Enterprise Value to Gross Profit
0.9
vs History
84
vs Industry
81
Median 3Y
1.3
Median 5Y
1.7
Industry
3
More Details
13.2
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
13.2
vs History
7
vs Industry
39
Median 3Y
-4.4
Median 5Y
-5.4
Industry
6.6
Forward
3.5
More Details
13.2
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
13.2
vs History
7
vs Industry
48
Median 3Y
-4.4
Median 5Y
-5.4
Industry
10.2
Forward
20.5
More Details
3.7
EV/OCF
EV/OCF
Enterprise Value to OCF
3.7
vs History
47
vs Industry
75
Median 3Y
3.5
Median 5Y
3.5
Industry
6.4
More Details
158.9
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
158.9
vs History
3
vs Industry
59
Median 3Y
14.7
Median 5Y
14.1
Industry
10
More Details
0.5
EV/IC
EV/IC
Enterprise Value to IC
0.5
vs History
88
vs Industry
81
Median 3Y
0.5
Median 5Y
0.6
Industry
0.8
More Details

Multiples Across Competitors

AIR Competitors Multiples
Air New Zealand Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
NZ
Air New Zealand Ltd
NZX:AIR
2B NZD 0.3 13.5 13.2 13.2
US
Delta Air Lines Inc
NYSE:DAL
40.4B USD 0.7 8.7 5.5 9.1
US
United Airlines Holdings Inc
NASDAQ:UAL
33.3B USD 0.6 12 8.8 8.8
CH
Kinarus Therapeutics Holding AG
SIX:KNRS
19.5B CHF 0 -1 404.3 -1 404.9 -1 404.9
IE
Ryanair Holdings PLC
LSE:RYA
15.4B EUR 1.1 8 4.5 6.8
IN
Interglobe Aviation Ltd
NSE:INDIGO
1.8T INR 2.4 26.9 11.3 20.7
US
Southwest Airlines Co
NYSE:LUV
20.6B USD 0.8 -420 12.5 -45.1
CN
Air China Ltd
SSE:601111
134.4B CNY 0.8 -282.3 -430.8 -430.8
UK
International Consolidated Airlines Group SA
LSE:IAG
14.8B GBP 0.5 6.8 57.5 92
CN
China Southern Airlines Co Ltd
SSE:600029
120B CNY 0.7 -33.7 63.3 63.3
SG
Singapore Airlines Ltd
SGX:C6L
19B SGD 1 9.6 4.9 10.5
P/E Multiple
Earnings Growth P/E to Growth
NZ
Air New Zealand Ltd
NZX:AIR
Average P/E: 12.2
13.5
77%
0.2
US
Delta Air Lines Inc
NYSE:DAL
8.7
14%
0.6
US
United Airlines Holdings Inc
NASDAQ:UAL
12
82%
0.1
CH
Kinarus Therapeutics Holding AG
SIX:KNRS
Negative Multiple: -1 404.3 N/A N/A
IE
R
Ryanair Holdings PLC
LSE:RYA
8
48%
0.2
IN
Interglobe Aviation Ltd
NSE:INDIGO
26.9
18%
1.5
US
Southwest Airlines Co
NYSE:LUV
Negative Multiple: -420
209%
N/A
CN
Air China Ltd
SSE:601111
Negative Multiple: -282.3 N/A N/A
UK
International Consolidated Airlines Group SA
LSE:IAG
6.8
7%
1
CN
China Southern Airlines Co Ltd
SSE:600029
Negative Multiple: -33.7 N/A N/A
SG
Singapore Airlines Ltd
SGX:C6L
9.6
-50%
N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NZ
Air New Zealand Ltd
NZX:AIR
Average EV/EBITDA: 20.2
13.2
452%
0
US
Delta Air Lines Inc
NYSE:DAL
5.5
23%
0.2
US
United Airlines Holdings Inc
NASDAQ:UAL
8.8
30%
0.3
CH
Kinarus Therapeutics Holding AG
SIX:KNRS
Negative Multiple: -1 404.9 N/A N/A
IE
R
Ryanair Holdings PLC
LSE:RYA
4.5
33%
0.1
IN
Interglobe Aviation Ltd
NSE:INDIGO
11.3
45%
0.3
US
Southwest Airlines Co
NYSE:LUV
12.5
87%
0.1
CN
Air China Ltd
SSE:601111
Negative Multiple: -430.8
17 174%
N/A
UK
International Consolidated Airlines Group SA
LSE:IAG
57.5
25%
2.3
CN
China Southern Airlines Co Ltd
SSE:600029
63.3
754%
0.1
SG
Singapore Airlines Ltd
SGX:C6L
4.9
-17%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
NZ
Air New Zealand Ltd
NZX:AIR
Average EV/EBIT: 28.1
13.2
109%
0.1
US
Delta Air Lines Inc
NYSE:DAL
9.1
20%
0.5
US
United Airlines Holdings Inc
NASDAQ:UAL
8.8
27%
0.3
CH
Kinarus Therapeutics Holding AG
SIX:KNRS
Negative Multiple: -1 404.9 N/A N/A
IE
R
Ryanair Holdings PLC
LSE:RYA
6.8
37%
0.2
IN
Interglobe Aviation Ltd
NSE:INDIGO
20.7
33%
0.6
US
Southwest Airlines Co
NYSE:LUV
Negative Multiple: -45.1
360%
N/A
CN
Air China Ltd
SSE:601111
Negative Multiple: -430.8
7 484%
N/A
UK
International Consolidated Airlines Group SA
LSE:IAG
92
25%
3.6
CN
China Southern Airlines Co Ltd
SSE:600029
63.3
180%
0.4
SG
Singapore Airlines Ltd
SGX:C6L
10.5
-46%
N/A

See Also

Summary
AIR intrinsic value, competitors valuation, and company profile.
DCF Valuation
AIR stock valuation using Discount Cash Flow valuation method.
Relative Valuation
AIR stock valuation using valuation multiples.
Wall Street Estimates
AIR price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
AIR stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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