VIRGIN AUSTRALIA HOLDINGS LIMITED (VGN)
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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

$2.54

17 Apr
2026

-0.100

OPEN

$2.60

-3.79%

HIGH

$2.63

2,990,665

LOW

$2.53

TARGET
$3.667 44.4% 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 45.0 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A - 31.2% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 5.6 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

1.0

No. Of Recommendations

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

Citi

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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UBS

16/04/2026

1

Buy

$4.10

61.42%

UBS updates its Virgin Australia forecasts to reflect recent fuel price volatility, with higher oil prices expected to increase near-term costs.

While FY26-27 earnings forecasts are lowered, the impact is less severe than for Qantas Airways ((QAN)), the analysts highlight, due to Virgin’s higher level of fuel hedging. Longer-term impacts are expected to be modest.

Commentary suggests the disruption will be temporary and highlights Virgin’s attractive valuation and strong domestic exposure, supporting its growth outlook.

UBS retains a Buy rating and lowers its target to $4.10 from $4.25.

This is a summary of UBS research released yesterday.

FORECAST
UBS forecasts a full year FY26 dividend of 0.00 cents and EPS of 45.00 cents.
UBS forecasts a full year FY27 dividend of 8.00 cents and EPS of 50.00 cents.

Ord Minnett

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

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

20/04/2026

1

Buy

$3.80

49.61%

Jarden maintains its Buy rating on Virgin Australia and reduces the price target to $3.80 from $4.00 after a 2H26 trading update revealed higher fuel costs.

The company anticipates 2H26 fuel expenses will be $30m to $40m higher than originally expected due to current commodity pricing.

Management intends to offset these headwinds through capacity discipline and yield management, including fare unbundling and ancillary services.

Modelling suggests fuel burdens will increase further into FY27 as hedging coverage rolls off.

Forecasts for core EPS have been lowered by -2.4% for FY26 and -4.5% for FY27 to reflect these ongoing energy cost pressures.

FORECAST
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 49.10 cents.
Jarden forecasts a full year FY27 dividend of 10.80 cents and EPS of 50.90 cents.
Access Extra Coverage Research History >

VGN STOCK CHART

FNArena News on VGN

1
Australian Broker Call *Extra* Edition – Apr 20, 2026

11:16 AM - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 17-04-26

10:00 AM - Weekly Reports
3
In Case You Missed It – BC Extra Upgrades & Downgrades – 13-03-26

Mar 13 2026 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Mar 10, 2026

Mar 10 2026 - Daily Market Reports
5
FNArena Corporate Results Monitor – 02-03-2026

Mar 02 2026 - Australia

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