Risk factor
Poor trading liquidity
Profitability factor
Undervalued vs peers
About
Air New Zealand Limited, incorporated in 1940 and based in Auckland, New Zealand, began its operations as Tasman Empire Airways Limited before rebranding to its current name in April 1965. The company primarily focuses on providing scheduled air passenger and freight transportation, with its network spanning destinations across New Zealand, Australia, the Pacific Islands, the United Kingdom, Europe, Asia, and the United States. Beyond its core airline services, Air New Zealand also offers a range of auxiliary aviation provisions, such as ground handling, comprehensive engineering and maintenance, including aircraft and component repair, overhaul, and upkeep, additional aviation services, and aircraft leasing and financing solutions. As of June 30, 2022, its fleet was composed of seven Boeing 777-300ERs, fourteen Boeing 787-9 Dreamliners, thirteen Airbus A320/321NEOs, eighteen Airbus A320CEOs, twenty-nine ATR 72-600s, and twenty-three Bombardier Q300 aircraft.
Company Valuation
Considering past and projected metrics, the stock is 'cheaper' than its peers. In particular, the stock is of fair value on EV/EBITDA.
Target Price
The average target price of AIZ.AX is 0.61 and suggests 74% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to incr