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Air New Zealand Limited (AIZ) Fair Value & Analysis

Industrials · AU · Market cap A$1.1B

AN Air New Zealand Limited AIZ · AU
PriceA$0.3700
Fair ValueA$2.01
Upside+443.2%
Quality95/100
Evidence: Low Range A$0.9700 – A$3.39

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from A$0.7000 to A$2.01 (+187.1%) since Jun 23, 2026. Share price −4.1% over the past month.

Price vs Fair Value (12 months)

A$0.5732 A$0.3387 Fair Value A$2.01 Jun 2025 Jun 2026

12‑month range A$0.3387 – A$0.5732 · fair‑value band A$0.9700 – A$3.39 · the A$0.3700 price screens below the A$2.01 fair value. As of Jun 24, 2026.

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Analysis

Air New Zealand Limited (AIZ) currently trades at A$0.3700, while our model-based Fair Value estimate is A$2.01 — implying the stock looks roughly 443.2% undervalued today. We read business quality at 95/100 (high quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low) — always confirm before acting.

Over the trailing twelve months, Air New Zealand Limited generated revenue of A$6.8B at a net margin of -0.2%. Revenue grew 1.2% year over year. It earns a return on equity of -0.6%. Net debt stands at A$2.7B. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) A$6.8B
Revenue growth (YoY) +1.2%
Net margin -0.2%
Return on equity -0.6%
Free cash flow A$160M FY2025
Operating margin -0.8%
More key figures
Dividend yield 3.8%
EPS growth (YoY) +18.1%
Net debt A$2.7B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Air New Zealand Limited, together with its subsidiaries, provides air passenger and cargo transportation on scheduled airlines services in New Zealand, Australia, the Pacific Islands, Asia, the United Kingdom, Europe, and the Americas. The company offers engineering and maintenance services, including aircraft and component maintenance, repair, and overhaul services; travel insurance, accommodation, and car rental services; and captive insurance, aviation, and aircraft leasing and financing services. As of June 30, 2025, it operated a fleet of 10 Boeing 777-300ER; 14 Boeing 787-9 Dreamliner; 13 Airbus A321neo; 6 Airbus A320neo; 17 Airbus A320ceo; 30 ATR 72-600; and 23 Bombardier Q300 aircrafts. The company was formerly known as Tasman Empire Airways Limited and changed its name to Air New Zealand Limited in April 1965. Air New Zealand Limited was incorporated in 1940 and is based in Auckland, New Zealand.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Air New Zealand Limited reported revenue of A$6.8B in FY2025 versus A$2.5B in FY2021, a compound +28.0%/yr. Reported net income was A$126M in FY2025.

Revenue +28.0%/yr
FY21 A$2.5B
FY22 A$2.7B
FY23 A$6.3B
FY24 A$6.8B
FY25 A$6.8B
Net income
FY21 −A$292M
FY22 −A$591M
FY23 A$412M
FY24 A$146M
FY25 A$126M

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Similar stocks

6 more Airlines stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Ryanair Holdings R1YA34 R$36.55 R$31.35 -14%
Delta Air Lines, Inc DAL $85.92 $117.79 +37%
United Airlines Holdings UAL1 €100.00 €85.45 -15%
International Consolidated Airlines Group ICAGY $12.37 $32.93 +166%
Southwest Airlines Co LUV $41.40 $12.10 -71%
InterGlobe Aviation Limited INDIGO ₹4,481 ₹4,395 -2%

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Frequently asked questions

Is Air New Zealand Limited (AIZ) undervalued?
As of Jun 24, 2026, our model estimates a fair value of A$2.01 versus a price of A$0.3700 — about +443% (undervalued). Model-based estimate, not financial advice.
What is the fair value of AIZ?
Our 21-model fair value for Air New Zealand Limited is A$2.01 (as of Jun 24, 2026), built from audited fundamentals. The current price is A$0.3700.
What is the quality score of AIZ?
Air New Zealand Limited has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Air New Zealand Limited (AIZ)?
Air New Zealand Limited reported trailing-twelve-month revenue of about A$6.8B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of AIZ?
The net profit margin of Air New Zealand Limited is about -0.2%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Air New Zealand Limited pay a dividend?
Air New Zealand Limited currently shows a dividend yield of about 3.77% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.