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

Enter the company code or Name for stock analysis:

VGN

VGN - VIRGIN AUSTRALIA HOLDINGS LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 2.5
Index: ASX300 | ALL-ORDS

Virgin Australia is Australia’s second-largest airline group, operating domestic and short-haul international passenger services alongside charter, cargo and the Velocity Frequent Flyer loyalty program.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.85

06 Nov
2026

-0.030

OPEN

$2.78

-1.04%

HIGH

$2.90

796,462

LOW

$2.78

TARGET
$3.733 31.0% upside
OTHER COMPANIES IN THE SAME SECTOR
ACE . AIZ . AQZ . AVD . AZJ . BWN . BXB . CLX . ERD . FRW . KLS . KSC . LAU . NTD . QAN . SPZ . SST . THL . WTC .
FNARENA'S MARKET CONSENSUS FORECASTS
VGN: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 66.6 43.4 xxx
DPS (cps) xxx 7.6 10.0 xxx
EPS Growth xxx 1.8% - 34.8% xxx
DPS Growth xxx N/A 31.6% xxx
PE Ratio xxx N/A 6.4 xxx
Dividend Yield xxx N/A 3.6% xxx
Div Pay Ratio(%) xxx 11.4% 23.1% 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

Last ex-div: 14/09 - ex-div 7.60c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 201620172018201920252026
EPS Basic xxxxxxxxxxxxxxx66.6
DPS All xxxxxxxxxxxxxxx7.6
Sales/Revenue xxxxxxxxxxxxxxx6,324.0 M
Book Value Per Share xxxxxxxxxxxxxxx-29.5
Net Operating Cash Flow xxxxxxxxxxxxxxx1,184.7 M
Net Profit Margin xxxxxxxxxxxxxxx7.93 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920252026
Return on Capital Employed xxxxxxxxxxxxxxx-
Return on Invested Capital xxxxxxxxxxxxxxx31.81 %
Return on Assets xxxxxxxxxxxxxxx9.02 %
Return on Equity xxxxxxxxxxxxxxx-
Return on Total Capital xxxxxxxxxxxxxxx33.21 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx302.4 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 201620172018201920252026
Short-Term Debt xxxxxxxxxxxxxxx357 M
Long Term Debt xxxxxxxxxxxxxxx2,641 M
Total Debt xxxxxxxxxxxxxxx2,998 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,844 M
Price To Book Value xxxxxxxxxxxxxxx-

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201620172018201920252026
Capex xxxxxxxxxxxxxxx884.0 M
Capex % of Sales xxxxxxxxxxxxxxx13.98 %
Cost of Goods Sold xxxxxxxxxxxxxxx5,364 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx254 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx59 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

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

20/10/2026

1

Buy

$4.10

43.86%

UBS updates forecasts for Virgin Australia to reflect an extended period of disruptions amid elevated fuel costs. EPS forecasts are down -8% in FY27 and -3% in FY28. The jet fuel price in Australian dollars has risen more than 20% since the end of August.

The broker expects the airlines to benefit from hedging strategies which primarily control for risk in crude oil, while refining margins pose the sharpest impact on fuel costs for airlines.

UBS suggests investors can look through the disruption as the current impacts from fuel pricing are circumstantial and credit risks are not expected to emerge, amid agility around capacity decisions and strength in underlying demand.

Buy rating retained. Target is steady at $4.10.

FORECAST
UBS forecasts a full year FY27 dividend of 15.00 cents and EPS of 43.50 cents.
UBS forecasts a full year FY28 dividend of 22.00 cents and EPS of 55.30 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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

01/09/2026

1

Buy

$2.90

1.75%

Jarden maintains a Buy rating for Virgin Australia with its target price decreased to $2.90 from $3.15 following an FY26 result featuring underlying NPAT of $404m.

Earnings exceeded consensus expectations by 4% reflecting a broadly in-line operational performance supported by lower net finance costs.

The business declared a fully franked maiden dividend of 7.6c per share, which the analyst views as a quality signal for investors.

Management anticipates 1H27 EBIT to align with the prior corresponding period, expecting revenue initiatives targeting 6% to 8% RASK growth to offset fuel cost headwinds and the roll-off of hedging benefits.

Despite negative earnings per share revisions, the broker considers the stock's forward price-to-earnings multiple of 6x represents a disproportionate discount to competitors, signifying substantial remaining value.
Access Extra Coverage Research History >

VGN STOCK CHART

FNArena News on VGN

1
Rudi’s View: Stocks To Own & Best To Avoid

Oct 15 2026 - Rudi's View
2
Australian Broker Call *Extra* Edition – Sep 01, 2026

Sep 01 2026 - Daily Market Reports
3
FNArena Corporate Results Monitor – 28-08-2026

Aug 28 2026 - Australia
4
Rudi’s View: That’s The Way Markets Crumble

Aug 06 2026 - Rudi's View
5
Rudi’s View: Final Preparations For August

Aug 05 2026 - Rudi's View

Latest Transportation & Logistics News

1
Brambles’ Cost Recovery Challenge

May 25 2026 - Australia
2
Undervalued Kelsian Finds Its Way Back

Apr 20 2026 - Small Caps
3
Eroad Promises Profitable Growth Ahead

Oct 02 2025 - Small Caps
4
Can Virgin Succeed This Time?

Jul 23 2025 - Small Caps
5
Contract Wins Support Kelsian Group Optimism

Jun 25 2025 - Small Caps
6
BHP Props Up Aurizon

Jun 18 2025 - Australia
7
Alliance Aviation Cleared For Dividend Takeoff

Dec 16 2024 - Small Caps
8
Brambles’ Slow Start Of Little Concern

Oct 29 2024 - Australia
9
Brambles Leverages Deep Data Analysis

Sep 18 2024 - Australia
10
Aurizon: A Dividend Downer For Investors

Aug 14 2024 - Australia