QANTAS AIRWAYS LIMITED (QAN)
Share Price Analysis and Chart

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QAN

QAN - QANTAS AIRWAYS LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 2.47
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

$9.31

09 Nov
2026

-0.140

OPEN

$9.45

-1.48%

HIGH

$9.47

4,992,762

LOW

$9.20

TARGET
$10.875 16.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ACE . AIZ . AQZ . AVD . AZJ . BWN . BXB . CLX . ERD . FRW . KLS . KSC . LAU . NTD . SPZ . SST . THL . VGN . WTC .
FNARENA'S MARKET CONSENSUS FORECASTS
QAN: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 85.4 81.9 xxx
DPS (cps) xxx 39.6 39.1 xxx
EPS Growth xxx - 18.8% - 4.0% xxx
DPS Growth xxx - 25.0% - 1.2% xxx
PE Ratio xxx N/A 12.1 xxx
Dividend Yield xxx N/A 4.0% xxx
Div Pay Ratio(%) xxx 46.4% 47.8% xxx

Dividend yield today if purchased 3 years ago: 7.50%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.00

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: 15/09 - ex-div 19.80c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx85.4
DPS All xxxxxxxxxxxxxxx39.6
Sales/Revenue xxxxxxxxxxxxxxx25,189.0 M
Book Value Per Share xxxxxxxxxxxxxxx100.2
Net Operating Cash Flow xxxxxxxxxxxxxxx3,771.0 M
Net Profit Margin xxxxxxxxxxxxxxx5.12 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx113.22 %
Return on Invested Capital xxxxxxxxxxxxxxx13.54 %
Return on Assets xxxxxxxxxxxxxxx5.12 %
Return on Equity xxxxxxxxxxxxxxx113.22 %
Return on Total Capital xxxxxxxxxxxxxxx18.41 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-901.0 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx905 M
Long Term Debt xxxxxxxxxxxxxxx9,447 M
Total Debt xxxxxxxxxxxxxxx10,352 M
Goodwill - Gross xxxxxxxxxxxxxxx270 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx3,274 M
Price To Book Value xxxxxxxxxxxxxxx10.60

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx3,972.0 M
Capex % of Sales xxxxxxxxxxxxxxx15.77 %
Cost of Goods Sold xxxxxxxxxxxxxxx20,376 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx2,917 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx247 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

0.8

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

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$xx.xx

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Ord Minnett

09/11/2026

1

Buy

$10.60

13.86%

Qantas Airways has increased its 1H27 fuel cost guidance to $3.75bn from $3.6bn, due to higher jet fuel prices of US$223/bbl versus US$200/bbl previously, Ord Minnett explains.

RASK growth guidance remains unchanged at 8%–10%, although tougher 2H27 comparisons will make recovering higher fuel costs more challenging, the analyst believes.

FY27 net capex guidance has been lowered to the bottom end of the $4.3bn–$4.6bn range, with dividends expected to be maintained. The share buyback likely to remain suspended.

FY27 RASK growth is forecast at around 13% which is needed to offset fuel and non-fuel cost inflation. FY27/FY28 EPS forecasts fall -7.0%/-2.7%, with an earnings recovery expected in FY28 as higher fuel costs are recouped.

Buy retained with the target price lowered to $10.60 from $10.90.

FORECAST
Ord Minnett forecasts a full year FY27 dividend of 40.00 cents and EPS of 83.00 cents.
Ord Minnett forecasts a full year FY28 dividend of 40.00 cents and EPS of 118.00 cents.

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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

Jarden

10/11/2026

1

Buy

$10.20

9.56%

Jarden reiterates its Buy rating for Qantas Airways with its target price decreased to $10.20 following a trading update at the company's annual general meeting.

The analyst notes first-half 2027 fuel cost guidance increased by 7% to $3.75bn as forward curves indicate elevated prices throughout the financial year.

Jarden observes trading remains aligned with the August outlook, with 8% to 10% unit revenue growth guidance maintained across both domestic and international divisions.

FY27 net capital expenditure is now expected at the lower end of the previous $4.3bn to $4.6bn range; 60% of FY27 profit before tax should fall into the first half.
Access Extra Coverage Research History >

QAN STOCK CHART

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