ALLIANCE AVIATION SERVICES LIMITED (AQZ)
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AQZ - ALLIANCE AVIATION SERVICES LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 2.22
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.60

22 Nov
2024

-0.050

OPEN

$2.65

-1.89%

HIGH

$2.65

33,878

LOW

$2.60

TARGET
$4.10 57.7% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
AQZ: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 37.6 41.3 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 65.8% 9.7% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 6.3 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: 16/03 - ex-div 7.3c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx37.6
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx633.9 M
Book Value Per Share xxxxxxxxxxxxxxx255.5
Net Operating Cash Flow xxxxxxxxxxxxxxx24.7 M
Net Profit Margin xxxxxxxxxxxxxxx9.54 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx15.90 %
Return on Invested Capital xxxxxxxxxxxxxxx8.82 %
Return on Assets xxxxxxxxxxxxxxx6.80 %
Return on Equity xxxxxxxxxxxxxxx15.90 %
Return on Total Capital xxxxxxxxxxxxxxx13.28 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-90.4 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 xxxxxxxxxxxxxxx10 M
Long Term Debt xxxxxxxxxxxxxxx357 M
Total Debt xxxxxxxxxxxxxxx367 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx31 M
Price To Book Value xxxxxxxxxxxxxxx1.21

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx115.1 M
Capex % of Sales xxxxxxxxxxxxxxx18.16 %
Cost of Goods Sold xxxxxxxxxxxxxxx518 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx24 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

30/08/2024

1

Buy

$4.10

57.69%

Ord Minnett liked the expanded debt facility for Alliance Aviation Services and points to FY24 results which met expectations.

The broker highlights record flying hours, because of a significant increase in wet leasing activity boosting lease revenues by 63%.

Management continues to discuss the divestment of a small number of aircraft. The broker observes capex for FY25 is higher than expected but the debt facility gives more room for funding the remaining 20 Embraer jets to FY26.

Ord Minnett adjusts earnings forecasts by -2% in FY25 and between -2% to -5% for FY26/FY27.

Target price falls to $4.10 from $4.41. Buy rating unchanged.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 0.00 cents and EPS of 41.50 cents.
Ord Minnett forecasts a full year FY26 dividend of 0.00 cents and EPS of 47.60 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

Wilsons

04/09/2024

1

Overweight

$4.22

62.31%

FY24 EBITDA from Alliance Aviation Services was ahead of Wilsons, implying stronger margins per aircraft. The company has noted continued growth in activity as additional aircraft enter its fleet.

FY25 is expected to be active for part sales as airlines globally deal with engine reliability issues. Wilsons was impressed with the growth trajectory, noting industry demand/supply dynamics remain favourable. Overweight. Target is reduced to $4.22 from $4.49.

FORECAST
Wilsons forecasts a full year FY25 dividend of 0.00 cents and EPS of 39.30 cents.
Wilsons forecasts a full year FY26 dividend of 17.10 cents and EPS of 46.30 cents.
Access Extra Coverage Research History >

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