Auckland International Airport Limited (AIA.AX)

DCF Valuation · Industrials · Airports & Air Services

Valuation as at 2026-08-14 · see also the ASX 300 Most Undervalued screen

About Auckland International Airport Limited

Auckland International Airport Limited provides airport facilities, supporting infrastructure, and aeronautical services in New Zealand. The company operates through three segments: Aeronautical, Retail and Carparking, 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.

Source: Yahoo Finance company profile · factual description, not KashVector commentary

Auckland International Airport Limited AIA.AX

Industrials · Airports & Air Services

Price
$7.26
Market Cap
$12.31B
Free Cash Flow
-$0.45B
Beta
0.50
P/E (TTM)
36.3x
52-Week Range
$6.54–$7.75

Auckland International Airport Limited's price & financial trends

Annual reporting periods — this market does not have reliable quarterly data on Yahoo (either it isn't required, or coverage is incomplete), so annual is the most granular consistent series across free cash flow and dividends.

Data as at 2026-08-14

Share price · last 2 years

$7.26 +4% vs 2024-08
ASX 200 $6.95$7.90$7.10$7.01$6.72$7.26 2024-082025-012025-062025-112026-042026-08

Earnings per share (diluted) Per year

$0.26 +99% vs FY22
$0.13$0.03$0.00$0.26FY22FY23FY24FY25

Free cash flow Per year

-$0.46B -275% vs FY22
-$0.12B-$0.14B-$0.35B-$0.46BFY22FY23FY24FY25

Dividend per share Per year

$0.09 +39% vs FY24
$0.07$0.09FY24FY25

Value investing scale · Buffett · Dalio · Graham

Partial Fit
12 / 20 combined score

See the full Buffett, Dalio & Graham breakdown for AIA.AX →

Intrinsic value estimate · 5-year forecast · Revenue-normalised

BEAR
$1.85
vs current $7.26
-74.5% ❌ Overvalued
BASE
$2.65
vs current $7.26
-63.5% ❌ Overvalued
BULL
$3.88
vs current $7.26
-46.5% ❌ Overvalued

Assumptions used in this valuation

Every input below is either fetched live from Yahoo Finance or a documented default — nothing is hidden.

Starting free cash flow
$0.34B
Revenue × 41.8% target margin — reported FCF unavailable
Risk-free rate
4.80% ● LIVE
Live 10-yr govt bond
Beta
0.50
Floored for non-US stocks
Equity risk premium
6.00%
Market-specific seed
Cost of debt
6.10%
Synthetic rating A-, ICR 5.9x
Tax rate
25.00%
Estimated default
Capital structure
E 85% / D 15%
Market cap vs total debt
Projection horizon
5 years
+ terminal value beyond
BearBaseBull
5-yr FCF growth-5.8%-3.9%-1.9%
Terminal growth2.5%2.5%2.5%
WACC (discount rate)8.32%7.32%6.32%

Cost of Equity = Risk-free rate + Beta × Equity Risk Premium = 4.80% + 0.50 × 6.00% = 7.81% · WACC = weighted by 85%/15% capital structure

These numbers come from running Auckland International Airport Limited's cash flows through the mechanical DCF formula and assumptions above — not from any view on the news, management, or AIA.AX's competitive position. What is DCF?

Want to test your own growth or discount-rate assumptions?Open the full interactive calculator, pre-filled with AIA.AX →

More ASX stocks we've valued

Not financial advice. DCF valuations are highly sensitive to assumptions — small changes in growth rate or discount rate produce large swings in output. This is a mechanical calculation, not a recommendation to buy, hold, or sell.

About this valuation

Computed on 2026-08-14 from Yahoo Finance data, using the same engine as the full DCF tool and the ASX 300 Most Undervalued screen. Every figure above is a point-in-time snapshot of that date — change any assumption yourself in the interactive tool for a live one.

Frequently asked questions

Is Auckland International Airport Limited (AIA.AX) undervalued?

The Base-case DCF estimates intrinsic value at $2.65 vs a price of $7.26 on 2026-08-14 — a -63.5% margin, so the Base case reads overvalued. This is a mechanical output, not advice.