How to buy Air New Zealand shares

Air New Zealand Limited is an airlines business based in Australia. Air New Zealand shares (AIZ) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. and has a market cap (total outstanding shares value) of $1.4 billion.

How to buy shares in Air New Zealand

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Air New Zealand. Find the share by name or ticker symbol: AIZ. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Air New Zealand reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $N/A, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Air New Zealand. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Air New Zealand share price

Use our graph to track the performance of AIZ stocks over time.

Air New Zealand shares at a glance

• Key figures

Information last updated 2020-09-25.

52-week range	AUDA$0.8 - AUDA$2.94
50-day moving average	AUDA$1.24
200-day moving average	AUDA$1.2488
Target price	AUDA$1.17
PE ratio	6.8315
Dividend yield	AUDA$0.21 (24.53%)
Earnings per share (TTM)	AUDA$0.236

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AUD 8

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Competitive broker fees on Australian and international shares

• Brokerage - AU shares: From AUD 5 or 0.05%
• Brokerage - US shares: USD 0
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• Support - After hours: Yes

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Important: Share trading carries risk of capital loss.

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Air New Zealand stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Air New Zealand Limited by TradingView

Is Air New Zealand under- or over-valued?

Valuing Air New Zealand stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Air New Zealand's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Air New Zealand's P/E ratio

Air New Zealand's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 7x. In other words, Air New Zealand shares trade at around 7x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Air New Zealand's PEG ratio

Air New Zealand's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.868. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Air New Zealand's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Air New Zealand financials

Gross profit TTM	$1.3 billion
Return on assets TTM	-0.62%
Return on equity TTM	-27.43%
Profit margin	-9.39%
Book value	1.327
Market capitalisation	$1.4 billion

TTM: trailing 12 months

Air New Zealand share dividends

Dividend payout ratio: 113.32% of net profits

Recently Air New Zealand has paid out, on average, around 113.32% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 24.53% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Air New Zealand shareholders could enjoy a 24.53% return on their shares, in the form of dividend payments. In Air New Zealand's case, that would currently equate to about A$0.21 per share.

Air New Zealand's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 11 March 2020 (the "ex-dividend date").

Have Air New Zealand's shares ever split?

Air New Zealand's shares were split on a 1:5 basis on 16 August 2004. So if you had owned 5 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Air New Zealand shares – just the quantity. However, indirectly, the new 400% higher share price could have impacted the market appetite for Air New Zealand shares which in turn could have impacted Air New Zealand's share price.

Air New Zealand share price volatility

Over the last 12 months, Air New Zealand's shares have ranged in value from as little as $0.8 up to $2.94. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Air New Zealand's is 1.6392. This would suggest that Air New Zealand's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Air New Zealand overview

Air New Zealand Limited provides passenger and cargo transportation services on scheduled airlines primarily in New Zealand, Australia, the Pacific Islands, the United Kingdom, Europe, Asia, and the United States. The company also offers ground handling services; engineering and maintenance services, including aircraft and component maintenance, repair, and overhaul services; and aircraft leasing and financing services. It operates a fleet of 114 aircraft. 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 founded in 1940 and is based in Auckland, New Zealand.

Frequently asked questions

• What percentage of Air New Zealand is owned by insiders or institutions?

  Currently 52.673% of Air New Zealand shares are held by insiders and 15.648% by institutions.

• When does the fiscal year end for Air New Zealand?

  Air New Zealand's fiscal year ends in June.

• Where is Air New Zealand based?

  Air New Zealand's address is: Air New Zealand House, Auckland, New Zealand, 1010