Alliance Aviation Services
Market Cap
AU$659.6m
Last Updated
2021/05/09 17:11 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
Rewards
Risk Analysis
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
-1.6%
AQZ
-0.2%
AU Airlines
0.5%
AU Market
1 Year Return
84.1%
AQZ
45.2%
AU Airlines
36.5%
AU Market
Return vs Industry: AQZ exceeded the Australian Airlines industry which returned 45% over the past year.
Return vs Market: AQZ exceeded the Australian Market which returned 36.7% over the past year.
Shareholder returns
| AQZ | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.6% | -0.2% | 0.5% |
| 30 Day | -6.9% | -2.0% | 1.0% |
| 90 Day | -5.0% | 10.8% | 2.8% |
| 1 Year | 84.1%84.1% | 59.1%45.2% | 40.6%36.5% |
| 3 Year | 162.1%139.9% | -17.2%-31.4% | 31.3%15.6% |
| 5 Year | 931.7%784.9% | 5.7%-14.5% | 63.4%32.9% |
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
No news available
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$4.12) is trading below our estimate of fair value (A$15.61)
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 (17.7x) compared to the XX Airlines industry average (25.7x).
PE vs Market: AQZ is good value based on its PE Ratio (17.7x) compared to the Australian market (20.5x).
Price to Earnings Growth Ratio
PEG Ratio: AQZ is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: AQZ is overvalued based on its PB Ratio (2.1x) compared to the XX Airlines industry average (1.9x).
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 (5.1% 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 -26.2%.
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?
3.56%
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?
6.1yrs
Average management tenure
CEO
Lee Schofield
6yrs
Tenure
AU$652,837
Compensation
Mr. Lee Schofield serves as Chief Executive Officer of Alliance Aviation Services Ltd. since May 28, 2015. Mr. Schofield has broad experience as a solicitor working in corporate, commercial and transport m...
CEO Compensation Analysis
Compensation vs Market: Lee's total compensation ($USD512.31K) is about average for companies of similar size in the Australian market ($USD715.95K).
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 (6.1 years average tenure).
Board Members
Experienced Board: AQZ's board of directors are considered experienced (9.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AQZ insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 25.9%.
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: CHIA
- Founded: 2002
- Industry: Airlines
- Sector: Transportation
- Market Cap: AU$659.558m
- 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/09 17:11 |
| End of Day Share Price | 2021/05/07 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
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.