VIRGIN AUSTRALIA HOLDINGS LIMITED (VGN)
Share Price Analysis and Chart

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VGN

VGN - VIRGIN AUSTRALIA HOLDINGS LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 2.77
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.74

09 Mar
2026

-0.160

OPEN

$2.84

-5.52%

HIGH

$2.84

1,531,342

LOW

$2.62

TARGET
$3.95 44.2% upside
OTHER COMPANIES IN THE SAME SECTOR
ACE . AIZ . AQZ . AVD . AZJ . BWN . BXB . CLX . ERD . FRW . KLS . KSC . LAU . NTD . QAN . QUB . SPZ . SST . THL . WTC .
FNARENA'S MARKET CONSENSUS FORECASTS
VGN: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 65.4 49.2 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A - 24.7% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 5.8 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: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 201520162017201820192025
EPS Basic xxxxxxxxxxxxxxx65.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx5,782.0 M
Book Value Per Share xxxxxxxxxxxxxxx-109.1
Net Operating Cash Flow xxxxxxxxxxxxxxx1,025.7 M
Net Profit Margin xxxxxxxxxxxxxxx8.28 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201520162017201820192025
Return on Capital Employed xxxxxxxxxxxxxxx-
Return on Invested Capital xxxxxxxxxxxxxxx-
Return on Assets xxxxxxxxxxxxxxx-
Return on Equity xxxxxxxxxxxxxxx-
Return on Total Capital xxxxxxxxxxxxxxx-
Free Cash Flow ex dividends xxxxxxxxxxxxxxx424.0 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 201520162017201820192025
Short-Term Debt xxxxxxxxxxxxxxx744 M
Long Term Debt xxxxxxxxxxxxxxx1,552 M
Total Debt xxxxxxxxxxxxxxx2,296 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,118 M
Price To Book Value xxxxxxxxxxxxxxx-

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201520162017201820192025
Capex xxxxxxxxxxxxxxx496.0 M
Capex % of Sales xxxxxxxxxxxxxxx8.58 %
Cost of Goods Sold xxxxxxxxxxxxxxx5,024 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx352 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx87 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

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

02/03/2026

1

Buy

$4.25

55.11%

In the wake of Virgin Australia's interim results, UBS retains a Buy rating and raises its target price to $4.25 from $4.20.

Underlying profit before tax (PBT) of $399m rose 15% on the prior year, coming in 10% above the broker's forecast and 6% above the consensus estimate. The analysts attribute the 'beat' to 6.4% revenue per available seat kilometre (RASK) growth and lower fuel costs.

The earnings (EBIT) margin expanded 0.6ppt, while Velocity grew earnings 15% with 700k new members, while stronger cash flow reduced leverage to 0.9x, below the 1-2x target range, explains the broker.

Non-fuel unit costs deteriorated/rose -9%, though management guides to further margin expansion in H2.

UBS trims its FY26 earnings estimate by -2% on capex timing but lifts outer-year forecasts by 4-5%. An attractive valuation is noted.

FORECAST
UBS forecasts a full year FY26 dividend of 0.00 cents and EPS of 49.00 cents.
UBS forecasts a full year FY27 dividend of 17.00 cents and EPS of 55.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
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

10/03/2026

1

Upgrade to Buy from Overweight

$4.00

45.99%

Jarden was impressed with the first half result from Virgin Australia amid lower depreciation and with the timing of capital expenditure skewed more heavily to the second half.

Commentary identifies the highlight in the strong RASK performance, largely driven by yield improvements.

The outlook appears to offer more of the same, with the broker noting execution is running to plan.

Given the recent pull back in the share price since initiating coverage, Jarden upgrades to Buy from Overweight while keeping its target at $4.

FORECAST
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 50.30 cents.
Jarden forecasts a full year FY27 dividend of 10.90 cents and EPS of 53.30 cents.
Access Extra Coverage Research History >

VGN STOCK CHART

FNArena News on VGN

1
Australian Broker Call *Extra* Edition – Mar 10, 2026

10:45 AM - Daily Market Reports
2
FNArena Corporate Results Monitor – 02-03-2026

Mar 02 2026 - Australia
3
Next Week At A Glance – 23-27 Feb 2026

Feb 20 2026 - Weekly Reports
4
Rudi’s View: Many February Uncertainties

Feb 04 2026 - Rudi's View
5
Australian Broker Call *Extra* Edition – Jan 27, 2026

Jan 27 2026 - Daily Market Reports

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