INFRATIL LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 10.78 NZD | -1.01% |
|
-0.28% | +7.48% |
| Feb. 07 | Infratil Subsidiary Moves Interim CEO to Permanent Position | MT |
| Jan. 18 | New Zealand Shares Decline; Booster Innovation Fund’s Net Asset Value Contracts in December Quarter | MT |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,332 | 2,579 | 5,151 | 5,973 | 6,661 | 8,975 | - | - |
| Enterprise Value (EV) 1 | 4,889 | 5,332 | 8,628 | 8,799 | 9,278 | 13,601 | 13,465 | 13,255 |
| P/E ratio | -119 x | 10.4 x | -103 x | - | 10.4 x | 14.8 x | 14.2 x | 12.3 x |
| Yield | 4.14% | 4.41% | 2.42% | 2.18% | 2.04% | 1.86% | 1.91% | 2.17% |
| Capitalization / Revenue | 1.75 x | 2.01 x | 4.86 x | 6.94 x | 5.59 x | 3.23 x | 2.74 x | 2.7 x |
| EV / Revenue | 3.66 x | 4.16 x | 8.15 x | 10.2 x | 7.79 x | 4.9 x | 4.11 x | 3.99 x |
| EV / EBITDA | 9.06 x | 10.7 x | 21.6 x | 17.1 x | 17.5 x | 15 x | 12.2 x | 10.9 x |
| EV / FCF | 209,849,324 x | - | - | - | - | - | - | - |
| FCF Yield | 0% | - | - | - | - | - | - | - |
| Price to Book | 1.42 x | 1.21 x | 1.95 x | 1.61 x | 1.58 x | 1.36 x | 1.45 x | 1.42 x |
| Nbr of stocks (in thousands) | 559,278 | 659,679 | 722,953 | 723,984 | 723,984 | 832,568 | - | - |
| Reference price 2 | 4.170 | 3.910 | 7.125 | 8.250 | 9.200 | 10.78 | 10.78 | 10.78 |
| Announcement Date | 5/16/19 | 5/28/20 | 5/18/21 | 5/18/22 | 5/21/23 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,336 | 1,282 | 1,059 | 860.6 | 1,192 | 2,774 | 3,274 | 3,319 |
| EBITDA 1 | 539.5 | 497.9 | 398.8 | 513.9 | 531.5 | 907.2 | 1,107 | 1,222 |
| EBIT 1 | 284 | 192.7 | 71.3 | 205.8 | 696.1 | 565.8 | 750.3 | 876.3 |
| Operating Margin | 21.26% | 15.03% | 6.73% | 23.91% | 58.41% | 20.39% | 22.92% | 26.4% |
| Earnings before Tax (EBT) 1 | 136.4 | 523.2 | -91.8 | 128.5 | 604.1 | 855 | 973 | 1,142 |
| Net income 1 | -19.5 | 241.2 | -49.2 | 1,169 | 643.1 | 831.2 | 471.4 | 625.7 |
| Net margin | -1.46% | 18.82% | -4.65% | 135.87% | 53.96% | 29.96% | 14.4% | 18.85% |
| EPS 2 | -0.0350 | 0.3760 | -0.0690 | - | 0.8880 | 0.7300 | 0.7580 | 0.8800 |
| Free Cash Flow | 23.3 | - | - | - | - | - | - | - |
| FCF margin | 1.74% | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | 4.32% | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.1725 | 0.1725 | 0.1725 | 0.1800 | 0.1875 | 0.2007 | 0.2062 | 0.2338 |
| Announcement Date | 5/16/19 | 5/28/20 | 5/18/21 | 5/18/22 | 5/21/23 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2022 S1 | 2022 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 | 2026 S1 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | 1,287 | 1,365 | 1,846 | 2,022 | 1,781 |
| EBITDA | - | 260.3 | 400 | - | - | - | - |
| EBIT 1 | - | - | 219.3 | -5.547 | 423.9 | 299.2 | 542.2 |
| Operating Margin | - | - | 17.04% | -0.41% | 22.97% | 14.8% | 30.45% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - |
| Net income | 1,081 | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - |
| EPS | 0.1210 | - | - | - | - | - | - |
| Dividend per Share | - | 0.1150 | - | - | - | - | - |
| Announcement Date | 11/11/21 | 5/18/22 | 11/15/23 | - | - | - | - |
1NZD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,557 | 2,753 | 3,477 | 2,826 | 2,617 | 4,626 | 4,490 | 4,280 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.74 x | 5.528 x | 8.718 x | 5.5 x | 4.924 x | 5.099 x | 4.056 x | 3.504 x |
| Free Cash Flow | 23.3 | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | -1.09% | 12.8% | -2.06% | 36.8% | 16.2% | 5.18% | 5.28% | 5.77% |
| ROA (Net income/ Total Assets) | - | - | -0.57% | - | - | 3.96% | 4.79% | 5.37% |
| Assets 1 | - | - | 8,561 | - | - | 20,991 | 9,840 | 11,652 |
| Book Value Per Share 2 | 2.950 | 3.230 | 3.660 | 5.130 | 5.810 | 7.900 | 7.430 | 7.610 |
| Cash Flow per Share 2 | 0.5000 | 0.1600 | - | - | 0.0100 | 0.7100 | 0.7500 | 0.8100 |
| Capex 1 | 258 | 468 | 460 | 116 | 140 | 426 | 397 | 396 |
| Capex / Sales | 19.33% | 36.48% | 43.42% | 13.43% | 11.76% | 15.34% | 12.13% | 11.92% |
| Announcement Date | 5/16/19 | 5/28/20 | 5/18/21 | 5/18/22 | 5/21/23 | - | - | - |
1NZD in Million2NZD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
10.78
NZD
Average target price
11.26
NZD
Spread / Average Target
+4.42%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +7.48% | 5.32B | |
| +15.32% | 84.55B | |
| +12.36% | 26.01B | |
| -6.65% | 17.28B | |
| +13.32% | 16.57B | |
| +6.74% | 14.28B | |
| -16.11% | 13.16B | |
| +16.00% | 9.52B | |
| +26.11% | 8.75B | |
| +27.22% | 7.13B |
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