Financials Qantas Airways Limited

Equities

QAN

AU000000QAN2

Airlines

Market Closed - Australian S.E. 02:10:53 2024-05-31 am EDT 5-day change 1st Jan Change
6.15 AUD +1.32% Intraday chart for Qantas Airways Limited +1.32% +14.53%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8,354 6,951 8,746 8,417 10,697 9,986 - -
Enterprise Value (EV) 1 11,421 10,124 13,355 12,354 13,582 13,880 14,826 15,589
P/E ratio 9.93 x -2.92 x -5.08 x -9.8 x 6.67 x 6.97 x 6.31 x 5.94 x
Yield 4.63% 3.44% - - - 0.16% 3.63% 4.3%
Capitalization / Revenue 0.47 x 0.49 x 1.47 x 0.92 x 0.54 x 0.45 x 0.44 x 0.43 x
EV / Revenue 0.64 x 0.71 x 2.25 x 1.36 x 0.69 x 0.63 x 0.65 x 0.66 x
EV / EBITDA 3.69 x 4.19 x 33.6 x 44 x 3.06 x 3.36 x 3.33 x 3.27 x
EV / FCF 9.18 x -20.7 x -12.1 x 7 x 5.39 x 105 x -30.5 x -137 x
FCF Yield 10.9% -4.82% -8.3% 14.3% 18.6% 0.96% -3.28% -0.73%
Price to Book 2.47 x 4.61 x 17.3 x -44.7 x 620 x 26.7 x 6.8 x 3.83 x
Nbr of stocks (in thousands) 1,547,113 1,838,882 1,876,745 1,882,945 1,725,278 1,623,778 - -
Reference price 2 5.400 3.780 4.660 4.470 6.200 6.150 6.150 6.150
Announcement Date 8/21/19 8/19/20 8/25/21 8/24/22 8/23/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 17,966 14,257 5,934 9,108 19,815 22,111 22,919 23,469
EBITDA 1 3,092 2,416 397 281 4,445 4,132 4,454 4,771
EBIT 1 1,487 395 -1,525 -1,558 2,682 2,301 2,428 2,539
Operating Margin 8.28% 2.77% -25.7% -17.11% 13.54% 10.41% 10.6% 10.82%
Earnings before Tax (EBT) 1 1,265 -2,708 -2,351 -1,191 2,472 2,036 2,155 2,305
Net income 1 891 -1,964 -1,728 -860 1,744 1,383 1,502 1,620
Net margin 4.96% -13.78% -29.12% -9.44% 8.8% 6.25% 6.55% 6.9%
EPS 2 0.5440 -1.296 -0.9180 -0.4560 0.9300 0.8826 0.9739 1.036
Free Cash Flow 1 1,244 -488 -1,108 1,764 2,522 132.6 -486.9 -113.5
FCF margin 6.92% -3.42% -18.67% 19.37% 12.73% 0.6% -2.12% -0.48%
FCF Conversion (EBITDA) 40.23% - - 627.76% 56.74% 3.21% - -
FCF Conversion (Net income) 139.62% - - - 144.61% 9.59% - -
Dividend per Share 2 0.2500 0.1300 - - - 0.009830 0.2235 0.2644
Announcement Date 8/21/19 8/19/20 8/25/21 8/24/22 8/23/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Juni 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2
Net sales 1 9,464 4,793 2,330 3,604 3,074 6,034 9,909 9,906 11,127 10,962 11,626 10,784
EBITDA 1 1,906 510 86 311 -245 526 2,429 2,016 2,202 1,987 - -
EBIT 1 900 -505 -888 -637 -1,129 -429 1,544 1,138 1,345 969 1,357 1,055
Operating Margin 9.51% -10.54% -38.11% -17.67% -36.73% -7.11% 15.58% 11.49% 12.09% 8.84% 11.67% 9.78%
Earnings before Tax (EBT) 1 648 - -1,467 -884 -622 -569 1,435 1,037 1,245 938 - -
Net income 1 445 -2,409 -1,081 -647 -456 -404 1,003 741 873 661 - -
Net margin 4.7% -50.26% -46.39% -17.95% -14.83% -6.7% 10.12% 7.48% 7.85% 6.03% - -
EPS 2 0.2880 - -0.5750 -0.3430 -0.2420 -0.2140 0.5270 0.4030 0.5150 0.3980 - -
Dividend per Share 0.1350 - - - - - - - - - - -
Announcement Date 2/19/20 8/19/20 2/24/21 8/25/21 2/23/22 8/24/22 2/22/23 8/23/23 2/21/24 - - -
1AUD in Million2AUD
Estimates

Balance Sheet Analysis

Fiscal Period: Juni 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,067 3,173 4,609 3,937 2,885 3,894 4,840 5,602
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.9919 x 1.313 x 11.61 x 14.01 x 0.649 x 0.9424 x 1.087 x 1.174 x
Free Cash Flow 1 1,244 -488 -1,108 1,764 2,522 133 -487 -113
ROE (net income / shareholders' equity) 24.1% -79.3% -170% -708% -1,817% 670% 150% 74.8%
ROA (Net income/ Total Assets) 4.69% -9.97% -9.12% -4.59% 8.72% 8.12% 8.39% 8.13%
Assets 1 19,012 19,701 18,953 18,730 20,003 17,027 17,903 19,922
Book Value Per Share 2 2.190 0.8200 0.2700 -0.1000 0.0100 0.2300 0.9000 1.610
Cash Flow per Share 2 1.710 0.7100 -0.2100 1.420 2.800 1.910 2.240 2.420
Capex 1 1,944 1,549 747 906 2,563 3,105 3,794 3,812
Capex / Sales 10.82% 10.86% 12.59% 9.95% 12.93% 14.04% 16.56% 16.24%
Announcement Date 8/21/19 8/19/20 8/25/21 8/24/22 8/23/23 - - -
1AUD in Million2AUD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
6.15 AUD
Average target price
7.189 AUD
Spread / Average Target
+16.90%
Consensus
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  4. Financials Qantas Airways Limited