ASX:AQZ

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Alliance Aviation Services

Market Cap

AU$698.1m

Last Updated

2021/06/24 08:12 UTC

Data Sources

Company Financials +

Executive Summary

Alliance Aviation Services Limited provides aviation services to tourism, resources, mining, education, government, corporate, and sporting sectors in Australia and internationally. More Details


Snowflake Analysis

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has Alliance Aviation Services's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AQZ is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: AQZ's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

5.3%

AQZ

-1.0%

AU Airlines

-0.8%

AU Market


1 Year Return

45.5%

AQZ

33.9%

AU Airlines

29.1%

AU Market

Return vs Industry: AQZ exceeded the Australian Airlines industry which returned 33.9% over the past year.

Return vs Market: AQZ exceeded the Australian Market which returned 29.1% over the past year.


Shareholder returns

AQZIndustryMarket
7 Day5.3%-1.0%-0.8%
30 Day0.2%-1.3%2.7%
90 Day10.1%-1.2%6.7%
1 Year45.5%45.5%42.6%33.9%33.3%29.1%
3 Year142.5%121.9%-12.5%-26.4%32.9%17.2%
5 Year916.5%770.0%15.6%-4.8%69.8%38.1%

Long-Term Price Volatility Vs. Market

How volatile is Alliance Aviation Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Alliance Aviation Services undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AQZ (A$4.35) is trading below our estimate of fair value (A$16.14)

Significantly Below Fair Value: AQZ is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AQZ is good value based on its PE Ratio (18.7x) compared to the Global Airlines industry average (35.4x).

PE vs Market: AQZ is good value based on its PE Ratio (18.7x) compared to the Australian market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: AQZ is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: AQZ's PB Ratio (2.3x) is in line with the XX Airlines industry average.


Future Growth

How is Alliance Aviation Services forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

15.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AQZ's forecast earnings growth (15.8% per year) is above the savings rate (1.9%).

Earnings vs Market: AQZ's earnings (15.8% per year) are forecast to grow faster than the Australian market (13.6% per year).

High Growth Earnings: AQZ's earnings are forecast to grow, but not significantly.

Revenue vs Market: AQZ's revenue (24.8% per year) is forecast to grow faster than the Australian market (5.4% per year).

High Growth Revenue: AQZ's revenue (24.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AQZ's Return on Equity is forecast to be low in 3 years time (14.4%).


Past Performance

How has Alliance Aviation Services performed over the past 5 years?

26.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AQZ has a high level of non-cash earnings.

Growing Profit Margin: AQZ's current net profit margins (13.1%) are higher than last year (8.1%).


Past Earnings Growth Analysis

Earnings Trend: AQZ has become profitable over the past 5 years, growing earnings by 26% per year.

Accelerating Growth: AQZ's earnings growth over the past year (68.6%) exceeds its 5-year average (26% per year).

Earnings vs Industry: AQZ earnings growth over the past year (68.6%) exceeded the Airlines industry -18.9%.


Return on Equity

High ROE: AQZ's Return on Equity (12.8%) is considered low.


Financial Health

How is Alliance Aviation Services's financial position?


Financial Position Analysis

Short Term Liabilities: AQZ's short term assets (A$148.5M) exceed its short term liabilities (A$58.4M).

Long Term Liabilities: AQZ's short term assets (A$148.5M) exceed its long term liabilities (A$102.9M).


Debt to Equity History and Analysis

Debt Level: AQZ's debt to equity ratio (16.8%) is considered satisfactory.

Reducing Debt: AQZ's debt to equity ratio has reduced from 67.1% to 16.8% over the past 5 years.

Debt Coverage: AQZ's debt is well covered by operating cash flow (148%).

Interest Coverage: AQZ's interest payments on its debt are well covered by EBIT (28.6x coverage).


Balance Sheet


Dividend

What is Alliance Aviation Services's current dividend yield, its reliability and sustainability?

3.36%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AQZ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AQZ's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AQZ's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AQZ's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: AQZ is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AQZ's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.2yrs

Average management tenure


CEO

Lee Schofield

6.08yrs

Tenure

AU$652,837

Compensation

Mr. Lee Schofield serves as Chief Executive Officer of Alliance Aviation Services Ltd. since May 28, 2015. Mr. Schofield has broad experience as a solicitor working in corporate, commercial and transport m...


CEO Compensation Analysis

Compensation vs Market: Lee's total compensation ($USD491.30K) is about average for companies of similar size in the Australian market ($USD697.48K).

Compensation vs Earnings: Lee's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: AQZ's management team is seasoned and experienced (6.2 years average tenure).


Board Members

Experienced Board: AQZ's board of directors are considered experienced (9.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Alliance Aviation Services Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Alliance Aviation Services Limited
  • Ticker: AQZ
  • Exchange: ASX
  • Founded: 2002
  • Industry: Airlines
  • Sector: Transportation
  • Market Cap: AU$698.073m
  • Shares outstanding: 160.48m
  • Website: https://www.allianceairlines.com.au

Number of Employees


Location

  • Alliance Aviation Services Limited
  • 81 Pandanus Avenue
  • Brisbane Airport
  • Brisbane
  • Queensland
  • 4009
  • Australia

Listings


Biography

Alliance Aviation Services Limited provides aviation services to tourism, resources, mining, education, government, corporate, and sporting sectors in Australia and internationally. The company also offers...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/24 08:12
End of Day Share Price2021/06/23 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.