ALLIANCE AVIATION SERVICES LIMITED (AQZ)
Share Price Analysis and Chart

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AQZ - ALLIANCE AVIATION SERVICES LIMITED

FNArena Sector : Transportation & Logistics

Year End: June

GICS Industry Group : Transportation

Debt/EBITDA: 2.36

Index: ALL-ORDS

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$3.28 27 Sep 2023	0.050 OPEN $3.24	1.55% HIGH $3.28	28,692 LOW $3.18

LAST PRICE

CHANGE +/-

CHANGE %

VOLUME

$3.28

27 Sep
2023

0.050

OPEN

$3.24

1.55%

HIGH

$3.28

28,692

LOW

$3.18

TARGET

$4.85

47.9% upside

Franking for last dividend paid out: 100%

OTHER COMPANIES IN THE SAME SECTOR
a2b . ACE . AIZ . AVD . AZJ . BXB . CLX . ERD . KLS . KSC . LAU . NTD . QAN . QUB . SLH . SPZ . SST . THL . WTC . Z2U .

FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY22 Actual	FY23 Actual	FY24 Forecast	FY25 Forecast
EPS (cps)	xxx	22.7	37.1	xxx
DPS (cps)	xxx	0.0	3.0	xxx
EPS Growth	xxx	N/A	63.6%	xxx
DPS Growth	xxx	N/A	N/A	xxx
PE Ratio	xxx	N/A	8.8	xxx
Dividend Yield	xxx	N/A	0.9%	xxx
Div Pay Ratio(%)	xxx	0.0%	8.1%	xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

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 © 2023 FactSet UK Limited. All rights reserved

Title	2018	2019	2020	2021	2022	2023
EPS Basic	xxx	xxx	xxx	xxx	xxx	22.7
DPS All	xxx	xxx	xxx	xxx	xxx	0.0
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	506.4 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	217.6
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	40.9 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	7.20 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title	2018	2019	2020	2021	2022	2023
Return on Capital Employed	xxx	xxx	xxx	xxx	xxx	11.00 %
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	6.46 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	5.04 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	11.00 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	9.42 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	-56.1 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	2018	2019	2020	2021	2022	2023
Short-Term Debt	xxx	xxx	xxx	xxx	xxx	10 M
Long Term Debt	xxx	xxx	xxx	xxx	xxx	253 M
Total Debt	xxx	xxx	xxx	xxx	xxx	263 M
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	-
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	22 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	1.32

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title	2018	2019	2020	2021	2022	2023
Capex	xxx	xxx	xxx	xxx	xxx	96.9 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	19.14 %
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	431 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	22 M
Research & Development	xxx	xxx	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	xxx	xxx	-

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

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Morgans	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
Ord Minnett	11/08/2023	1	Buy	$4.50	37.20%	Alliance Aviation Services posted FY23 results that were in line with its recent bullish guidance and Ord Minnett finds the outlook encouraging. The next 12 months should reveal the benefit of more planes in the air and the higher utilisation of the existing fleet. Moreover, the FIFO segment also experienced 15% growth in revenue in FY23. The broker believes the business is on track to become a major operator in the domestic aviation market, ultimately with a fleet size comparable with Virgin Australia. On the topic of the proposed takeover, opposed by the ACCC in April, Ord Minnett notes there are no signs yet from Qantas Airways ((QAN)) as to its next move. Ord Minnett retains a Buy rating and $4.50 target. FORECAST Ord Minnett forecasts a full year FY24 dividend of 6.00 cents and EPS of 37.70 cents. Ord Minnett forecasts a full year FY25 dividend of 6.00 cents and EPS of 43.00 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Morgans

xx/xx/xxxx

xxx

$xx.xx

xx.xx%

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

Ord Minnett

11/08/2023

Buy

$4.50

37.20%

Alliance Aviation Services posted FY23 results that were in line with its recent bullish guidance and Ord Minnett finds the outlook encouraging. The next 12 months should reveal the benefit of more planes in the air and the higher utilisation of the existing fleet.

Moreover, the FIFO segment also experienced 15% growth in revenue in FY23. The broker believes the business is on track to become a major operator in the domestic aviation market, ultimately with a fleet size comparable with Virgin Australia.

On the topic of the proposed takeover, opposed by the ACCC in April, Ord Minnett notes there are no signs yet from Qantas Airways ((QAN)) as to its next move.

Ord Minnett retains a Buy rating and $4.50 target.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 6.00 cents and EPS of 37.70 cents.
Ord Minnett forecasts a full year FY25 dividend of 6.00 cents and EPS of 43.00 cents.

Access Stockbroker Research History >

AQZ STOCK CHART

FNArena News on AQZ

1	FNArena Corporate Results Monitor – 11-08-2023 Aug 11 2023 - Australia

2	Australian Broker Call Extra Edition – Aug 11, 2023 Aug 11 2023 - Daily Market Reports

3	Australian Broker Call Extra Edition – Jul 17, 2023 Jul 17 2023 - Daily Market Reports

4	Australian Broker Call Extra Edition – Apr 27, 2023 Apr 27 2023 - Daily Market Reports

5	Australian Broker Call Extra Edition – Feb 17, 2023 Feb 17 2023 - Daily Market Reports

Latest Transportation & Logistics News

1	Treasure Chest: Silk Logistics 12:42 PM - Treasure Chest

2	Lindsay Australia: Transported To Growth Sep 13 2023 - Small Caps

3	Qantas Flying High, But Sustainability In Question May 24 2023 - Australia

4	A Better Brambles Exudes Confidence Mar 01 2023 - Australia

5	Price Performance Drives Brambles’ Turnaround Oct 20 2022 - Australia

6	Brambles Executes On Pricing & Costs Aug 19 2022 - Australia

7	Trouble On The Aurizon Aug 10 2022 - Australia

8	Brambles: No Plastic, Fantastic Jul 04 2022 - Australia

9	Brambles: Worth Holding May 17 2022 - Technicals

10	Brambles In The Weeds Over Plastic Indecision Apr 26 2022 - Australia

Dividend Yield Today On Last Actual Payout :	0.00
Estimated Dividend Growth (Average Of Past Three Years)	%
Amount Invested	$
Tell Me The Dividend After This Many Years

	Yield	Yield on investment
This Year
Year 1
Year 2
Year 3
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1	FNArena Corporate Results Monitor – 11-08-2023 Aug 11 2023 - Australia

2	Australian Broker Call Extra Edition – Aug 11, 2023 Aug 11 2023 - Daily Market Reports

3	Australian Broker Call Extra Edition – Jul 17, 2023 Jul 17 2023 - Daily Market Reports

4	Australian Broker Call Extra Edition – Apr 27, 2023 Apr 27 2023 - Daily Market Reports

5	Australian Broker Call Extra Edition – Feb 17, 2023 Feb 17 2023 - Daily Market Reports

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ALLIANCE AVIATION SERVICES LIMITED (AQZ)
Share Price Analysis and Chart