Air New Zealand Limited Ratios | P/E, ROE & Valuation

On the Key Ratios page for Air New Zealand Limited (AIZ), the latest P/E of -68.0 frames valuation, while ROE -1.06% and ROIC 5.06% indicates profitability and capital efficiency. Together with the current ratio of 0.48 and debt-to-equity 2.54, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

AIZ Historical Per Share Metrics

9 years
Metric (FY)TTM20242023202220212020201920182017
Revenue per Share$2.10$2.00$1.85$1.89$1.37$2.64$3.16$2.99$2.79
Net Income per Share$-0.01$0.04$0.12$-0.41$-0.16$-0.25$0.15$0.21$0.21
Operating Cash Flow per Share$0.23$0.24$0.55$0.40$0.19$0.14$0.54$0.57$0.49
Free Cash Flow per Share$-0.14$0.01$0.38$0.38$0.07$-0.19$0.09$0.13$0.03
Cash per Share$0.34$0.54$1.29$2.42$0.27$0.41$1.08$0.74$0.76
Book Value per Share$0.56$0.60$0.62$1.16$0.60$0.72$1.14$1.19$1.08
Tangible Book Value per Share$0.50$0.54$0.57$1.06$0.51$0.62$1.04$1.09$1.00
Interest Debt per Share$1.47$0.89$1.04$2.39$1.85$2.08$1.46$1.53$1.42
CAPEX per Share$0.36$0.23$0.18$0.02$0.13$0.34$0.45$0.44$0.47

AIZ Historical Valuation Ratios

9 years
Metric (FY)TTM20242023202220212020201920182017
Price to Earnings (P/E)-67.9712.346.38-1.4-6.02-3.27119.179.6
Price to Book (P/B)0.770.91.260.491.581.121.421.641.85
Price to Sales (P/S)0.210.270.420.30.690.310.510.650.72
Enterprise Value to EBITDA13.393.062.68-22.4414.0714.334.664.554.55
EV to Sales0.730.490.60.881.90.980.780.910.94
EV to Operating Cash Flow6.784.1224.1313.4417.954.544.745.32
EV to Free Cash Flow-11.05175.732.954.3738.27-13.5926.2320.8694.33
Enterprise Value$4.94B$3.34B$3.74B$2.40B$4.78B$4.76B$4.51B$4.97B$4.81B

AIZ Historical Profitability Ratios

9 years
Metric (FY)TTM20242023202220212020201920182017
Return on Equity (ROE)-1.06%7.26%19.82%-35.24%-26.15%-34.45%12.92%17.92%19.23%
Return on Invested Capital (ROIC)5.06%2.76%5.75%-8.68%-3.26%-2.27%6.06%7.93%8.87%
Return on Tangible Assets-0.22%1.75%4.57%-7.20%-4.44%-6.17%3.57%5.08%5.44%
Earnings Yield-1.42%8.10%15.68%-71.56%-16.60%-30.63%9.09%10.91%10.42%
Free Cash Flow Yield-31.78%1.05%48.23%66.51%7.18%-23.61%5.79%6.66%1.39%
Dividend Yield5.75%15.32%0.00%0.00%0.00%8.77%8.76%7.27%14.46%

AIZ Historical Liquidity & Financial Strength

9 years
Metric (FY)TTM20242023202220212020201920182017
Current Ratio0.480.680.850.790.350.480.680.840.78
Interest Coverage2.691.232.97-7.3-2.7-1.825.738.47.15
Income Quality-36.4504.54-0.98-1.22-0.583.62.682.37
Debt to Equity2.541.41.62.012.992.821.241.261.27
Debt to Assets50.65%32.94%36.27%40.34%49.43%49.22%33.48%34.85%35.06%
Net Debt to EBITDA9.571.410.79-14.728.959.861.591.271.08

AIZ Historical Efficiency Ratios

9 years
Metric (FY)TTM20242023202220212020201920182017
Receivables Turnover11.5413.9214.78.7313.1118.613.1512.9417.32
Payables Turnover5.566.756.491.130.593.172.171.761.79
Inventory Turnover33.5143.7635.895.713.389.6415.6913.169.62
Days Sales Outstanding31.6326.2224.8341.7927.8419.6227.7628.2221.08
Days Payables Outstanding65.6754.0556.26323.94614.98115168207.83203.91
Days of Inventory on Hand10.898.3410.1763.88107.9737.8623.2627.7437.96

AIZ Historical Market Metrics

9 years
Metric (FY)TTM20242023202220212020201920182017
Enterprise Value to EBITDA13.393.062.68-22.4414.0714.334.664.554.55
Market Cap$1.41B$1.80B$2.63B$825.93M$1.74B$1.48B$2.97B$3.57B$3.67B
Enterprise Value$4.94B$3.34B$3.74B$2.40B$4.78B$4.76B$4.51B$4.97B$4.81B
Dividend Yield5.75%15.32%0.00%0.00%0.00%8.77%8.76%7.27%14.46%
Payout Ratio-415.00%189.04%0.00%0.00%0.00%-28.63%96.30%66.67%138.74%

Frequently Asked Questions

How does Air New Zealand Limited’s P/E ratio compare with its history?

On this page, AIZ's current P/E is -68.0, compared with a multi-year average around 9.7. A lower P/E versus its own history is a calculated gap versus that average—not a conclusion that the stock is cheap. Pair it with profitability and earnings quality in the table (for example ROE/ROIC) to see whether the multiple moved with earnings.

What is Air New Zealand Limited market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $1.41B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does Air New Zealand Limited’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with Air New Zealand Limited's own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does Air New Zealand Limited compare to its competitors in key financial ratios?

The fastest way to compare Air New Zealand Limited with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Air New Zealand Limited outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do Air New Zealand Limited's liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that Air New Zealand Limited is financially strong. Current ratio is about 0.48, which is below 1.0 and can suggest tighter short-term liquidity. Interest coverage is about 2.69, implying a stronger ability to cover interest expenses. Debt-to-equity is about 2.54, suggesting higher leverage than a low-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do Air New Zealand Limited's financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Air New Zealand Limited is sustaining strong returns (for example ROE at -1.06% and ROIC at 5.06%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.