Auckland Airport: Still Incentivised to Invest
The value of Auckland Airport's (AIA) aeronautical business is materially higher than its regulatory asset base (RAB); The magnitude of AIA's RAB...
183 Views
Regulated Companies - The Relevance of RAB Multiples
RAB multiples (enterprise value divided by regulatory asset base) provide a useful means of valuing and sense checking valuations for regulated...
330 Views
Transport Trends: Bare Feeling From De-Stocking
The transport industry's road to normalisation, after the disruption of the past three years, is increasingly being influenced by the deteriorating...
174 Views
Auckland Airport: Strong Aero Repricing
Auckland Airport (AIA) has published very strong aeronautical pricing for the next four years, well above our and market expectations; However, the...
363 Views
Auckland Airport: Building Over the Green Line
Auckland Airport (AIA) has announced a further uplift in aeronautical capex ahead of its aeronautical re-pricing mid-year; Higher capex reflects...
287 Views