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

$8.90

04 Nov
2026

-0.460

OPEN

$9.36

-4.91%

HIGH

$9.37

7,301,187

LOW

$8.90

TARGET
$11.092 24.6% 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 89.0 xxx
DPS (cps) xxx 39.6 39.1 xxx
EPS Growth xxx - 18.8% 4.2% xxx
DPS Growth xxx - 25.0% - 1.2% xxx
PE Ratio xxx N/A 10.6 xxx
Dividend Yield xxx N/A 4.1% xxx
Div Pay Ratio(%) xxx 46.4% 44.0% xxx

Dividend yield today if purchased 3 years ago: 7.50%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.19

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

0.9

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

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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Ord Minnett

13/10/2026

1

Buy

$10.90

22.47%

Ord Minnett lowers earnings estimates for Qantas Airways, given a 20%-plus increase in jet fuel pricing since guidance was provided in August.

The impact on earnings will be mitigated by fuel hedges and over time the broker expects most of the fuel burden can be recovered by trimming capacity and raising ticket prices.

In FY27 revenue per available seat kilometres rises by around 10%, which only partially offsets an estimated 30% year-on-year increase in average jet fuel prices.

In international operations there is less flexibility to cut capacity, Ord Minnett adds, given the limited frequency of flights.

FY27 EPS estimates are reduced by -11% and FY28 by -7.8% while the target is lowered to $10.90 from $12.00. Buy rating retained.

FORECAST
Ord Minnett forecasts a full year FY27 dividend of 40.00 cents and EPS of 89.00 cents.
Ord Minnett forecasts a full year FY28 dividend of 40.00 cents and EPS of 121.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$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

03/11/2026

1

Buy

$10.20

14.61%

Jarden maintains a Buy rating for Qantas Airways with its target price lowered to $10.20 from $12.60 ahead of an anticipated trading update prior to the company's AGM on November 6.

The analyst expects the update to focus on 1H27 fuel guidance and commentary regarding the revenue and demand environment.

While the market has largely absorbed higher near-term fuel costs, Jarden warns that the second half of FY27 could face dual risks from sustained fuel costs and potentially softer TRASK growth, which would hamper cost recovery efforts.

The broker reduces FY27 EPS estimates by -8.5% and FY28 estimates by -5%.
Access Extra Coverage Research History >

QAN STOCK CHART

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