Air New Zealand Ltd (AIZ) - Net Assets

Latest as of June 2025: AU$1.95 Billion AUD ≈ $1.38 Billion USD

Based on the latest financial reports, Air New Zealand Ltd (AIZ) has net assets worth AU$1.95 Billion AUD (≈ $1.38 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$8.73 Billion ≈ $6.18 Billion USD) and total liabilities (AU$6.79 Billion ≈ $4.80 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore how efficiently does Air New Zealand Ltd generate cash to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric Value
Current Net Assets AU$1.95 Billion
% of Total Assets 22.29%
Annual Growth Rate -0.08%
5-Year Change 77.23%
10-Year Change -7.69%
Growth Volatility 24.84

Air New Zealand Ltd - Net Assets Trend (1998–2025)

This chart illustrates how Air New Zealand Ltd's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see AIZ market cap overview.

Annual Net Assets for Air New Zealand Ltd (1998–2025)

The table below shows the annual net assets of Air New Zealand Ltd from 1998 to 2025. Read AIZ total debt and obligations for a breakdown of total debt and financial obligations.

Year Net Assets Change
2025-06-30 AU$1.95 Billion
≈ $1.38 Billion		 -3.18%
2024-06-30 AU$2.01 Billion
≈ $1.42 Billion		 -3.32%
2023-06-30 AU$2.08 Billion
≈ $1.47 Billion		 +23.97%
2022-06-30 AU$1.68 Billion
≈ $1.19 Billion		 +52.73%
2021-06-30 AU$1.10 Billion
≈ $776.90 Million		 -16.69%
2020-06-30 AU$1.32 Billion
≈ $932.57 Million		 -33.84%
2019-06-30 AU$1.99 Billion
≈ $1.41 Billion		 -8.46%
2018-06-30 AU$2.18 Billion
≈ $1.54 Billion		 +9.57%
2017-06-30 AU$1.99 Billion
≈ $1.41 Billion		 -5.79%
2016-06-30 AU$2.11 Billion
≈ $1.49 Billion		 +7.28%
2015-06-30 AU$1.97 Billion
≈ $1.39 Billion		 +4.97%
2014-06-30 AU$1.87 Billion
≈ $1.32 Billion		 +3.94%
2013-06-30 AU$1.80 Billion
≈ $1.27 Billion		 +6.69%
2012-06-30 AU$1.69 Billion
≈ $1.19 Billion		 +12.23%
2011-06-30 AU$1.50 Billion
≈ $1.06 Billion		 -3.96%
2010-06-30 AU$1.57 Billion
≈ $1.11 Billion		 -2.43%
2009-06-30 AU$1.60 Billion
≈ $1.14 Billion		 +1.78%
2008-06-30 AU$1.58 Billion
≈ $1.12 Billion		 -9.78%
2007-06-30 AU$1.75 Billion
≈ $1.24 Billion		 +9.66%
2006-06-30 AU$1.59 Billion
≈ $1.13 Billion		 +3.44%
2005-06-30 AU$1.54 Billion
≈ $1.09 Billion		 +26.88%
2004-06-30 AU$1.21 Billion
≈ $859.37 Million		 +17.72%
2003-06-30 AU$1.03 Billion
≈ $730.01 Million		 +17.00%
2002-06-30 AU$881.79 Million
≈ $623.92 Million		 +70.22%
2001-06-30 AU$518.04 Million
≈ $366.55 Million		 -67.42%
2000-06-30 AU$1.59 Billion
≈ $1.13 Billion		 -25.21%
1999-06-30 AU$2.13 Billion
≈ $1.50 Billion		 +6.90%
1998-06-30 AU$1.99 Billion
≈ $1.41 Billion		 --

Equity Component Analysis

This analysis shows how different components contribute to Air New Zealand Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have decreased by 132300000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Common Stock AU$3.30 Billion 169.73%
Other Comprehensive Income AU$-34.00 Million -1.75%
Total Equity AU$1.95 Billion 100.00%

Air New Zealand Ltd Competitors by Market Cap

The table below lists competitors of Air New Zealand Ltd ranked by their market capitalization.

Company Market Cap
JOST Werke AG
XETRA:JST
 $847.36 Million
Shanghai Kelai Mechatronics
SHG:603960
 $847.54 Million
Theravance Biopharma Inc
NASDAQ:TBPH
 $847.57 Million
PARATUS ENERGY SERVICES LTD
OL:PLSV
 $847.66 Million
Varroc Engineering Limited
NSE:VARROC
 $846.40 Million
TotalEnergies EP Gabon S.A.
PA:EC
 $846.00 Million
Zhejiang Zomax Transmission
SHG:603767
 $845.89 Million
New Huadu Supercenter Co Ltd
SHE:002264
 $845.81 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Air New Zealand Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 2,010,000,000 to 1,946,000,000, a change of -64,000,000 (-3.2%).
  • Net income of 126,000,000 contributed positively to equity growth.
  • Dividend payments of 93,000,000 reduced retained earnings.
  • Share repurchases of 38,000,000 reduced equity.
  • Other comprehensive income decreased equity by 55,000,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income AU$126.00 Million +6.47%
Dividends Paid AU$93.00 Million -4.78%
Share Repurchases AU$38.00 Million -1.95%
Other Comprehensive Income AU$-55.00 Million -2.83%
Other Changes AU$-4.00 Million -0.21%
Total Change AU$- -3.18%

Book Value vs Market Value Analysis

This analysis compares Air New Zealand Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 0.63x
  • The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
  • The price-to-book ratio has increased from 0.03x to 0.63x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1998-06-30 AU$10.51 AU$0.37 x
1999-06-30 AU$11.22 AU$0.37 x
2000-06-30 AU$8.38 AU$0.37 x
2001-06-30 AU$2.04 AU$0.37 x
2002-06-30 AU$1.58 AU$0.37 x
2003-06-30 AU$1.06 AU$0.37 x
2004-06-30 AU$1.23 AU$0.37 x
2005-06-30 AU$1.20 AU$0.37 x
2006-06-30 AU$0.96 AU$0.37 x
2007-06-30 AU$1.03 AU$0.37 x
2008-06-30 AU$0.92 AU$0.37 x
2009-06-30 AU$0.93 AU$0.37 x
2010-06-30 AU$0.89 AU$0.37 x
2011-06-30 AU$0.85 AU$0.37 x
2012-06-30 AU$0.94 AU$0.37 x
2013-06-30 AU$1.63 AU$0.37 x
2014-06-30 AU$1.68 AU$0.37 x
2015-06-30 AU$1.75 AU$0.37 x
2016-06-30 AU$1.86 AU$0.37 x
2017-06-30 AU$1.74 AU$0.37 x
2018-06-30 AU$1.92 AU$0.37 x
2019-06-30 AU$1.76 AU$0.37 x
2020-06-30 AU$1.17 AU$0.37 x
2021-06-30 AU$0.98 AU$0.37 x
2022-06-30 AU$1.16 AU$0.37 x
2023-06-30 AU$0.62 AU$0.37 x
2024-06-30 AU$0.60 AU$0.37 x
2025-06-30 AU$0.58 AU$0.37 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Air New Zealand Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 6.47%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 1.87%
  • • Asset Turnover: 0.77x
  • • Equity Multiplier: 4.49x
  • Recent ROE (6.47%) is above the historical average (4.71%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1998 1.66% 1.07% 0.75x 2.06x AU$-165.98 Million
1999 4.91% 3.11% 0.77x 2.07x AU$-108.03 Million
2000 3.77% 1.61% 0.41x 5.66x AU$-99.01 Million
2001 -3.20% -0.21% 0.98x 15.72x AU$-68.16 Million
2002 -0.78% -0.16% 1.14x 4.42x AU$-95.04 Million
2003 16.06% 4.58% 0.98x 3.59x AU$62.55 Million
2004 -1.26% -0.44% 0.92x 3.14x AU$-136.81 Million
2005 11.68% 4.98% 0.88x 2.66x AU$25.90 Million
2006 6.02% 2.52% 0.80x 3.00x AU$-63.40 Million
2007 12.24% 4.98% 0.87x 2.83x AU$39.20 Million
2008 13.82% 4.67% 0.93x 3.19x AU$60.30 Million
2009 1.31% 0.46% 0.91x 3.14x AU$-139.50 Million
2010 5.24% 2.03% 0.88x 2.94x AU$-74.60 Million
2011 5.39% 1.87% 0.89x 3.26x AU$-69.40 Million
2012 4.21% 1.58% 0.82x 3.24x AU$-97.60 Million
2013 10.11% 3.94% 0.82x 3.11x AU$1.90 Million
2014 14.00% 5.63% 0.80x 3.13x AU$74.80 Million
2015 16.64% 6.64% 0.73x 3.45x AU$130.50 Million
2016 21.96% 8.85% 0.72x 3.44x AU$252.20 Million
2017 19.23% 7.48% 0.71x 3.61x AU$183.40 Million
2018 17.92% 7.10% 0.70x 3.61x AU$172.40 Million
2019 13.55% 4.67% 0.76x 3.83x AU$70.80 Million
2020 -34.45% -9.39% 0.64x 5.72x AU$-585.80 Million
2021 -26.59% -11.61% 0.38x 6.09x AU$-401.80 Million
2022 -35.24% -21.62% 0.33x 4.98x AU$-758.70 Million
2023 19.82% 6.51% 0.69x 4.42x AU$204.10 Million
2024 7.26% 2.16% 0.79x 4.25x AU$-55.00 Million
2025 6.47% 1.87% 0.77x 4.49x AU$-68.60 Million

Industry Comparison

This section compares Air New Zealand Ltd's net assets metrics with peer companies in the Airlines industry.

Industry Context

  • Industry: Airlines
  • Average net assets among peers: $-73,764,000
  • Average return on equity (ROE) among peers: 67.59%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Air New Zealand Ltd (AIZ) AU$1.95 Billion 1.66% 3.49x $847.15 Million
Qantas Airways Ltd (QAN) $783.00 Million 204.98% 28.83x $9.00 Billion
Regional Express Holdings Ltd (REX) $174.41 Million -2.21% 1.40x $45.67 Million
Virgin Australia Holdings Ltd (VGN) $-1.18 Billion 0.00% 0.00x $1.22 Billion

About Air New Zealand Ltd

AU:AIZ Australia Airlines
Market Cap
$847.15 Million
AU$1.20 Billion AUD
Market Cap Rank
#9859 Global
#247 in Australia
Share Price
AU$0.37
Change (1 day)
+0.00%
52-Week Range
AU$0.35 - AU$0.57
All Time High
AU$1.45
Categories
Companies in Australia Airlines
About

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, accommodati… Read more