QANTAS AIRWAYS LIMITED (QAN)
Share Price Analysis and Chart

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QAN - QANTAS AIRWAYS LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 1.5
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Founded in Queensland in 1920, Qantas is Australia's largest domestic and international airline. Qantas was gradually privatised between 1993 and 1997 with the legislation stating Qantas must be at least 51% owned by Australian shareholders.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.01

22 Jul
2024

0.020

OPEN

$5.95

0.33%

HIGH

$6.04

4,153,714

LOW

$5.93

TARGET
$6.725 11.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ACE . AIZ . AQZ . AVD . AZJ . BXB . CLX . ERD . KLS . KSC . LAU . NTD . QUB . SLH . SPZ . SST . THL . WTC . Z2U .
FNARENA'S MARKET CONSENSUS FORECASTS
QAN: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 96.0 88.3 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A - 8.1% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 6.8 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 02/03 - ex-div 13.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx96.0
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx19,521.0 M
Book Value Per Share xxxxxxxxxxxxxxx0.3
Net Operating Cash Flow xxxxxxxxxxxxxxx5,054.0 M
Net Profit Margin xxxxxxxxxxxxxxx8.94 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-
Return on Invested Capital xxxxxxxxxxxxxxx30.81 %
Return on Assets xxxxxxxxxxxxxxx8.73 %
Return on Equity xxxxxxxxxxxxxxx-
Return on Total Capital xxxxxxxxxxxxxxx39.29 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx2,491.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx1,380 M
Long Term Debt xxxxxxxxxxxxxxx5,346 M
Total Debt xxxxxxxxxxxxxxx6,726 M
Goodwill - Gross xxxxxxxxxxxxxxx270 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx3,171 M
Price To Book Value xxxxxxxxxxxxxxx2,137.93

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx2,563.0 M
Capex % of Sales xxxxxxxxxxxxxxx13.13 %
Cost of Goods Sold xxxxxxxxxxxxxxx14,668 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx2,146 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx176 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

09/04/2024

1

Overweight

$8.00

33.11%

Updates to Qantas Airways' frequent flyer program will have only a neglible negative impact on near-term earnings, suggests Morgan Stanley, but longer-term attractiveness of the program to partners should be increased.

The Classic Plus program will increase the fair value of a frequent flyer point, suggests the broker.

Management's Loyalty guidance is for $500-525m of FY24 earnings (EBIT), down from $500-550m, with a negative impact on margins, but the company expects margins will be above 20% from FY25 onwards. The $800m-1bn target by FY30 is unchanged.

The broker's Overweight rating is reiterated with an unchanged $8 target. Industry view is In-Line.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 0.00 cents and EPS of 89.00 cents.
Morgan Stanley forecasts a full year FY25 EPS of 99.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

15/07/2024

1

Buy

$7.30

21.46%

Jarden remains bullish on the outlook for the travel sector with lower airfares, industry rationalisation and boomer enthusiasm for travel remaining.

The broker prefers Flight Centre ((FLT)) and Webjet ((WEB)) in the sector with upside to earnings from higher margins and the above mentioned tailwinds.

Buy rating and target price of $7.30.

FORECAST
Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of 88.00 cents.
Jarden forecasts a full year FY25 dividend of 25.30 cents and EPS of 101.40 cents.
Access Stockbroker Research History >

QAN STOCK CHART

FNArena News on QAN

1
Next Week At A Glance – 22-26 July 2024

Jul 19 2024 - Weekly Reports
2
Rudi’s View: Rate Cuts, Growth & Small Caps

Jul 18 2024 - Rudi's View
3
Australian Broker Call *Extra* Edition – Jul 15, 2024

Jul 15 2024 - Daily Market Reports
4
Treasure Chest: Qantas Airways

Jul 15 2024 - Treasure Chest
5
In Brief: Airlines, Pathology & Seek

Jul 12 2024 - Weekly Reports

Latest Transportation & Logistics News

1
Treasure Chest: Qantas Airways

Jul 15 2024 - Treasure Chest
2
In Brief: Airlines, Pathology & Seek

Jul 12 2024 - Weekly Reports
3
Brambles’ Divisive March Quarter

Apr 24 2024 - Australia
4
Treasure Chest: Silk Logistics

Sep 28 2023 - Treasure Chest
5
Lindsay Australia: Transported To Growth

Sep 13 2023 - Small Caps
6
Qantas Flying High, But Sustainability In Question

May 24 2023 - Australia
7
A Better Brambles Exudes Confidence

Mar 01 2023 - Australia
8
Price Performance Drives Brambles’ Turnaround

Oct 20 2022 - Australia
9
Brambles Executes On Pricing & Costs

Aug 19 2022 - Australia
10
Trouble On The Aurizon

Aug 10 2022 - Australia