Auckland International Airport (AUKNY) AI Stock Analysis

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Auckland International Airport

(Other OTC:AUKNY)

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Rating:68Neutral

Price Target:$25.00▼(>-0.01% Downside)

Action:reiterated

Date:08/22/26

The score reflects a solid airport franchise with strong revenue growth, healthy margins, and a conservatively geared balance sheet, balanced against volatile earnings, negative free cash flow from heavy capex, and a demanding valuation, while the latest earnings call underscores steady execution but highlights near-term earnings pressure and regulatory and macro risks.

Positive Factors

Revenue and profitability scaleThe airport has regained substantial scale, with revenue reaching $1.04 billion and a high operating margin in 2026. This earnings base, supported by essential infrastructure and recovering traffic, provides capacity to fund operations and sustain investment over the next several quarters.

Negative Factors

Persistent negative free cash flowHeavy investment spending is absorbing operating cash and leaving free cash flow deeply negative. While projects may support future capacity, sustained cash deficits reduce near-term financial flexibility, increase reliance on external funding, and make shareholder cash generation less dependable.

Auckland International Airport (AUKNY) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $8.49B
Dividend Yield: 1.84%
Average Volume (3M): 411
Price to Earnings (P/E): 46.7
Beta (1Y): 0.58
Revenue Growth: 3.64%
EPS Growth: -24.70%
Country: US
Employees: 825
Sector: Industrials
Sector Strength: 63
Industry: Airlines, Airports & Air Services

Auckland International Airport Business Overview & Revenue Model

Company Description

Auckland International Airport Limited (AUKNY) serves as a primary provider of airport infrastructure, comprehensive facilities, and crucial aeronautical services located in Auckland, New Zealand. Its operations are strategically divided into three d...

How the Company Makes Money

Auckland International Airport generates revenue primarily from two broad categories: aeronautical income and non-aeronautical (commercial) income. 1) Aeronautical (airline-related) revenue - Passenger and aircraft charges: The airport charges airlin...

Auckland International Airport Earnings Call Summary

Earnings Call Date:Aug 19, 2026(Q4-2026)|% Change Since:-4.31%|Next Earnings Date:Feb 24, 2027

Earnings Call SentimentPositive

The call conveys an overall constructive and resilient picture: strong operational improvements (processing times, customer satisfaction), steady top-line growth (revenue +3%, EBITDAFI +3%, normalized EBITDAFI +6%), major capital delivery (>$1bn commissioned) and solid credit metrics. These positives are tempered by short-term headwinds in the second half from geopolitical/fuel-driven airline capacity consolidation, retail disruption from redevelopment, regional market weakness, elevated depreciation due to heavy commissioning, and regulatory uncertainty. Management's tone is cautiously optimistic — they delivered significant infrastructure progress and maintained financial discipline while flagging ongoing risks and providing conservative guidance for FY27.

Positive Updates

Passenger and Cargo Resilience

Total passenger movements rose almost 2% to just over 19 million and cargo movements increased 3% year-on-year, demonstrating resilient travel demand despite global headwinds.

Negative Updates

Second-Half Impact from Geopolitical Events and Fuel Volatility

The last four months of FY26 were negatively impacted by the Middle East conflict and fuel price spikes, prompting airline capacity consolidation and softer consumer sentiment that weakened the later-period performance and Q4 capacity (international capacity reduced ~2.3% in Q4).

Company Guidance

Auckland Airport guided FY27 underlying earnings of $290–330 million, based on anticipated domestic passenger movements of about 8.3 million and international passenger movements of about 10.8 million, and forecast capital expenditure of $1.0–1.3 billion (with terminal integration the dominant CapEx program); management flagged higher depreciation from the investment programme, said the upper half of the earnings range assumes the passenger forecasts are met, and cautioned the guidance is subject to material adverse events or significant one‑off costs.

Auckland International Airport Financial Statement Overview

Summary

Strong revenue growth and healthy margins, supported by a sound balance sheet and moderate leverage, are offset by volatile profitability, modest returns on equity, and persistently negative free cash flow.

Income Statement

78Positive

Balance Sheet

74Positive

Cash Flow

56Neutral

Financial statement breakdown
Breakdown	TTM	Jun 2026	Jun 2025	Jun 2024	Jun 2023	Jun 2022
Income Statement
Total Revenue	1.03B	1.04B	929.30M	836.70M	622.70M	300.00M
Gross Profit	508.38M	510.82M	929.30M	660.40M	292.50M	49.20M
EBITDA	723.55M	726.96M	836.65M	584.10M	252.20M	336.40M
Net Income	341.47M	343.18M	420.70M	5.50M	43.20M	191.60M
Balance Sheet
Total Assets	14.74B	14.74B	14.06B	12.42B	10.83B	10.18B
Cash, Cash Equivalents and Short-Term Investments	55.23M	55.23M	567.80M	219.70M	107.80M	24.70M
Total Debt	2.76B	2.76B	2.49B	2.68B	1.82B	1.48B
Total Liabilities	3.94B	3.94B	3.59B	3.81B	2.45B	2.03B
Stockholders Equity	10.81B	10.81B	10.47B	8.61B	8.38B	8.15B
Cash Flow
Free Cash Flow	-462.71M	-463.45M	-463.50M	-350.90M	-157.60M	-128.60M
Operating Cash Flow	463.17M	463.14M	474.30M	496.30M	307.50M	96.20M
Investing Cash Flow	-1.06B	-1.06B	-1.11B	-1.12B	-578.00M	-278.20M
Financing Cash Flow	67.00M	67.36M	979.00M	741.20M	352.00M	127.20M

Auckland International Airport Technical Analysis

Technical Analysis SentimentPositive

Last Price25.00

Price Trends

50DMA23.88Positive

100DMA24.48Positive

200DMA24.43Positive

Market Momentum

MACD0.33Negative

RSI65.36Neutral

STOCH93.28Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AUKNY, the sentiment is Positive. The current price of 25.00 is above the 20-day moving average (MA) of 24.00, above the 50-day MA of 23.88, and above the 200-day MA of 24.43, indicating a bullish trend. The MACD of 0.33 indicates Negative momentum. The RSI at 65.36 is Neutral, neither overbought nor oversold. The STOCH value of 93.28 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AUKNY.

Auckland International Airport Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

AUKNY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OMAB	82Outperform	$5.39B	18.03	50.23%	4.91%	20.53%	14.59%
PAC	78Outperform	$14.26B	17.87	32.98%	4.70%	20.11%	7.98%
ASR	71Outperform	$8.17B	15.31	23.73%	8.12%	25.70%	>-0.01%
CAAP	71Outperform	$4.12B	14.67	16.62%	3.68%	16.22%	102.59%
AUKNY	68Neutral	$8.50B	46.73	3.12%	1.84%	3.64%	-24.70%
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

* Industrials Sector Average

Performance Comparison

AUKNY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
AUKNY	Auckland International Airport Ltd.	25.00	3.15	14.41%
OMAB	Grupo Aeroportuario Del Centro	109.79	6.56	6.36%
PAC	Grupo Aeroportuario Del Pacifico	238.02	25.74	12.12%
ASR	Grupo Aeroportuario Del Sureste	271.73	-16.57	-5.75%
CAAP	Corporacion America Airports	25.09	2.80	12.58%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 22, 2026

Auckland International Airport AI Stock Analysis