AIR NEW ZEALAND LIMI

AIR
End-of-day quote. End-of-day quote  - 05/18
0.68NZD 0.00%
Valuation
Fiscal Period: June 2021 2022
Capitalization1 1 7402 291
Enterprise Value (EV)1 4 7825 022
P/E ratio -6,03x-2,54x
Yield --
Capitalization / Revenue 0,69x0,95x
EV / Revenue 1,90x2,07x
EV / EBITDA 14,1x-199x
Price to Book 1,58x0,97x
Nbr of stocks (in thousands) 1 122 8103 368 446
Reference price (NZD) 1,550,68
Announcement Date 08/25/2021-
Previous period Next period
1 NZD in Million
Estimates
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: June 2021 2022
Net sales1 2 5172 423
EBITDA1 339-25,2
Operating profit (EBIT)1 -377-743
Operating Margin -15,0%-30,7%
Pre-Tax Profit (EBT)1 -411-780
Net income1 -289-570
Net margin -11,5%-23,5%
EPS2 -0,26-0,27
Dividend per Share2 --
Announcement Date 08/25/2021-
Previous period Next period
1 NZD in Million
2 NZD
Estimates
Finances - Leverage
Fiscal Period: June 2021 2022
Net Debt1 3 0422 731
Net Cash position1 --
Leverage (Debt / EBITDA) 8,97x-108x
Free Cash Flow --
ROE (Net Profit / Equities) -23,9%-38,8%
Shareholders' equity1 1 2121 472
ROA (Net Profit / Asset) -4,06%-10,0%
Assets1 7 1195 701
Book Value Per Share2 0,980,70
Cash Flow per Share2 0,320,08
Capex1 231399
Capex / Sales 9,18%16,4%
Announcement Date 08/25/2021-
Previous period Next period
1 NZD in Million
2 NZD
Estimates
Financial Ratios
Size 2022e 2023e
Capitalization 2 291 M NZD -
Enterprise Value (EV) 5 022 M NZD 3 855 M NZD
Valuation 2022e 2023e
P/E ratio (Price / EPS) -2,54x 60,4x
Capitalization / Revenue 0,95x 0,49x
EV / Revenue 2,07x 1,06x
EV / EBITDA -199x 6,25x
Yield (DPS / Price) - -
Price to book (Price / BVPS) 0,97x 1,37x
Profitability 2022e 2023e
Operating Margin (EBIT / Sales) -30,7% 1,20%
Operating Leverage (Delta EBIT / Delta Sales) -26,1x 1,13x
Net Margin (Net Profit / Revenue) -23,5% 0,50%
ROA (Net Profit / Asset) -10,0% 1,14%
ROE (Net Profit / Equities) -38,8% 3,40%
Rate of Dividend - -
Balance Sheet Analysis 2022e 2023e
CAPEX / Sales   16,4% 10,7%
Cash Flow / CA 11,1% 18,0%
Capital Intensity (Assets / Revenue) 2,35x 0,44x
Financial Leverage (Net Debt / EBITDA) -108x 1,95x
Price Earning Ratio
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
EPS & Dividend