QANTAS AIRWAYS LIMITED (QAN)
Share Price Analysis and Chart

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QAN - QANTAS AIRWAYS LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 1.5
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

$5.30

30 Nov
2023

0.100

OPEN

$5.23

1.92%

HIGH

$5.32

13,050,396

LOW

$5.21

TARGET
$7.233 36.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
a2b . ACE . AIZ . AQZ . AVD . AZJ . BXB . CLX . ERD . KLS . KSC . LAU . NTD . QUB . SLH . SPZ . SST . THL . WTC . Z2U .
FNARENA'S MARKET CONSENSUS FORECASTS
QAN: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 96.0 99.0 xxx
DPS (cps) xxx 0.0 1.7 xxx
EPS Growth xxx N/A 3.1% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 5.4 xxx
Dividend Yield xxx N/A 0.3% xxx
Div Pay Ratio(%) xxx 0.0% 1.7% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

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
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: 02/03 - ex-div 13.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx96.0
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx19,521.0 M
Book Value Per Share xxxxxxxxxxxxxxx0.3
Net Operating Cash Flow xxxxxxxxxxxxxxx5,054.0 M
Net Profit Margin xxxxxxxxxxxxxxx8.94 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-
Return on Invested Capital xxxxxxxxxxxxxxx30.81 %
Return on Assets xxxxxxxxxxxxxxx8.73 %
Return on Equity xxxxxxxxxxxxxxx-
Return on Total Capital xxxxxxxxxxxxxxx39.29 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx2,491.0 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx1,380 M
Long Term Debt xxxxxxxxxxxxxxx5,346 M
Total Debt xxxxxxxxxxxxxxx6,726 M
Goodwill - Gross xxxxxxxxxxxxxxx270 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx3,171 M
Price To Book Value xxxxxxxxxxxxxxx2,137.93

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx2,563.0 M
Capex % of Sales xxxxxxxxxxxxxxx13.13 %
Cost of Goods Sold xxxxxxxxxxxxxxx14,668 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx2,146 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx176 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

0.7

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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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

26/09/2023

1

Buy

$8.00

50.94%

Qantas Airways has added additional $80m cost per FY24 on customer initiatives and UBS expects roughly half of these costs will be recurring. Fuel costs will also be a headwind but the broker suspects this will eventually be offset through fares.

Although the airline stated it would "continue to absorb" higher costs it also signalled it would consider adjusting "settings" if fuel costs remained high.

UBS expects conditions in FY24 to be similar to FY23 and suspects the market is pricing in the risk of a material earnings correction.

The broker argues, if Qantas is able to deliver on its forecasts with more capital returns this should resolve concerns and drive a re-rating.  Buy rating and $8 target retained.

FORECAST
UBS forecasts a full year FY24 dividend of 10.00 cents and EPS of 95.00 cents.
UBS forecasts a full year FY25 dividend of 20.00 cents and EPS of 97.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

QAN STOCK CHART

FNArena News on QAN

1
ESG Focus: The Little Big Things – 30-11-2023

Nov 30 2023 - ESG Focus
2
Australian Broker Call *Extra* Edition – Nov 22, 2023

Nov 22 2023 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Nov 21, 2023

Nov 21 2023 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 17-11-23

Nov 20 2023 - Weekly Reports
5
Rudi’s View: Outlook 2024, Is History Our Guide?

Nov 08 2023 - Rudi's View

Latest Transportation & Logistics News

1
Treasure Chest: Silk Logistics

Sep 28 2023 - 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