ALLIANCE AVIATION SERVICES LIMITED (AQZ)
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AQZ

AQZ - ALLIANCE AVIATION SERVICES LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 2.59
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.215

17 Nov
2025

-0.075

OPEN

$1.31

-5.81%

HIGH

$1.32

791,715

LOW

$1.20

TARGET
$1.50 23.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ACE . AIZ . AVD . AZJ . BWN . BXB . CLX . ERD . KLS . KSC . LAU . NTD . QAN . QUB . SPZ . SST . THL . WTC .
FNARENA'S MARKET CONSENSUS FORECASTS
AQZ: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 35.6 20.5 xxx
DPS (cps) xxx 3.0 1.5 xxx
EPS Growth xxx - 5.2% - 42.5% xxx
DPS Growth xxx N/A - 50.0% xxx
PE Ratio xxx N/A 5.6 xxx
Dividend Yield xxx N/A 1.3% xxx
Div Pay Ratio(%) xxx 8.4% 7.3% xxx

Dividend yield today if purchased 3 years ago: 0.94%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.60

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 © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx35.6
DPS All xxxxxxxxxxxxxxx3.0
Sales/Revenue xxxxxxxxxxxxxxx760.9 M
Book Value Per Share xxxxxxxxxxxxxxx291.1
Net Operating Cash Flow xxxxxxxxxxxxxxx105.6 M
Net Profit Margin xxxxxxxxxxxxxxx7.53 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx13.04 %
Return on Invested Capital xxxxxxxxxxxxxxx6.61 %
Return on Assets xxxxxxxxxxxxxxx5.20 %
Return on Equity xxxxxxxxxxxxxxx13.04 %
Return on Total Capital xxxxxxxxxxxxxxx12.10 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-70.0 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx16 M
Long Term Debt xxxxxxxxxxxxxxx497 M
Total Debt xxxxxxxxxxxxxxx513 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx96 M
Price To Book Value xxxxxxxxxxxxxxx0.90

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx175.7 M
Capex % of Sales xxxxxxxxxxxxxxx23.09 %
Cost of Goods Sold xxxxxxxxxxxxxxx630 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

0.0

No. Of Recommendations

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

Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Ord Minnett

10/11/2025

3

Downgrade to Hold from Buy

$1.50

23.46%

Ord Minnett is disappointed with Alliance Aviation Services' trading update and FY26 guidance, noting the latest one is a clear continuation of a negative trend.

The broker notes the FY26 guidance cut of -7% at the EBITDA line and -41% at the profit before tax line comes just 11 weeks post-FY25 results, and has significantly weakened market confidence.

Key drivers include higher repair and depreciation costs, an unresolved contract dispute, and AVIAN system costs.

Net debt is now expected at $392m vs $360m prior, and the broker now awaits clarity on potential cost and asset initiatives before turning constructive.

FY26 profit before tax estimate lowered -44% to $46m, to the low end of the guidance range.

Rating downgraded to Hold from Buy. Target cut to $1.50 from $3.60.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 3.00 cents and EPS of 20.00 cents.
Ord Minnett forecasts a full year FY27 dividend of 3.00 cents and EPS of 14.90 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

Canaccord Genuity

14/11/2025

3

Downgrade to Hold from Buy

$1.49

22.63%

Canaccord Genuity was disappointed with the update from Alliance Aviation Services as FY26 pre-tax profit guidance was materially below forecasts. Operating performance was still impressive, reflecting the strong demand for the services.

The issue is margins and returns, which remain under pressure from historically low cash conversion. If such issues can be addressed the broker envisages potential upside, but given the current uncertainty downgrades to Hold from Buy. Target is lowered to $1.49 from $2.58.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 21.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 19.00 cents.
Access Extra Coverage Research History >

AQZ STOCK CHART

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