QANTAS AIRWAYS LIMITED (QAN)
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QAN - QANTAS AIRWAYS LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 1.66
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

$8.82

20 Nov
2024

-0.150

OPEN

$8.94

-1.67%

HIGH

$8.98

5,690,407

LOW

$8.78

TARGET
$8.925 1.2% 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 FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 75.9 104.9 xxx
DPS (cps) xxx 0.0 26.9 xxx
EPS Growth xxx - 20.9% 38.2% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 8.5 xxx
Dividend Yield xxx N/A 3.0% xxx
Div Pay Ratio(%) xxx N/A 25.6% 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 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx75.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx21,616.0 M
Book Value Per Share xxxxxxxxxxxxxxx18.5
Net Operating Cash Flow xxxxxxxxxxxxxxx3,353.0 M
Net Profit Margin xxxxxxxxxxxxxxx5.81 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx853.74 %
Return on Invested Capital xxxxxxxxxxxxxxx21.58 %
Return on Assets xxxxxxxxxxxxxxx6.13 %
Return on Equity xxxxxxxxxxxxxxx853.74 %
Return on Total Capital xxxxxxxxxxxxxxx32.07 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx680.0 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx600 M
Long Term Debt xxxxxxxxxxxxxxx5,991 M
Total Debt xxxxxxxxxxxxxxx6,591 M
Goodwill - Gross xxxxxxxxxxxxxxx270 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,718 M
Price To Book Value xxxxxxxxxxxxxxx31.54

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx2,673.0 M
Capex % of Sales xxxxxxxxxxxxxxx12.37 %
Cost of Goods Sold xxxxxxxxxxxxxxx17,238 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx2,194 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx231 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

Morgan Stanley

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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Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Macquarie

28/10/2024

1

Outperform

$8.40

-4.76%

Qantas Airways revealed at the AGM improved revenue per seat on reduced domestic capacity and improved international volumes with around a $70m value accretion, Macquarie highlights.

The analyst points to an estimated additional circa $200m in pre-tax profits from lower oil prices. Management offered flat revenue guidance in domestic with a rise in international volumes adding to around $15m EBITDA.

Macquarie upgrades EPS forecasts due to decline in the fuel price by 7.3% in FY25 and 7.8% in FY26.

Outperform. Target is raised to $8.40 from $6.60 reflecting the increase in earnings estimates with a higher valuation multiple on a more positive macro backdrop of restricted aviation capacity.

FORECAST
Macquarie forecasts a full year FY25 dividend of 31.00 cents and EPS of 104.00 cents.
Macquarie forecasts a full year FY26 dividend of 354.00 cents and EPS of 107.00 cents.

Ord Minnett

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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Access Stockbroker Research History >
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

Jarden

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Goldman Sachs

04/09/2024

1

Buy

$8.05

-8.73%

Revenue at Qantas Airways in FY24 was marginally lower than Goldman Sachs anticipated while pre-tax profit was higher. The airline noted stable travel demand and momentum in revenue in the first half of FY25.

Group domestic revenue intake was up 4% on trailing six-week average to August 24, with Qantas up 2% and Jetstar 6%. Group international revenue intake was up 13%, with Qantas up 7% and Jetstar up 30%.

Goldman Sachs highlights the second half improvement in key operating metrics and retains a Buy rating with an $8.05 target.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 30.00 cents and EPS of 99.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 30.00 cents and EPS of 106.00 cents.
Access Extra Coverage Research History >

QAN STOCK CHART

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