How does QAN's PE Ratio compare to its peers?

QAN is expensive based on its Price-To-Earnings Ratio (10.6x) compared to the peer average (9.4x).

How does QAN's PE Ratio compare vs other companies in the Global Airlines Industry?

QAN is expensive based on its Price-To-Earnings Ratio (10.6x) compared to the Global Airlines industry average (10.1x).

What is QAN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

QAN is good value based on its Price-To-Earnings Ratio (10.6x) compared to the estimated Fair Price-To-Earnings Ratio (15.3x).

What is the Fair Price of QAN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

QAN (€5.53) is trading below our estimate of [[fair value]] (€5.9)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is lower than the current share price.

Qantas Airways (DB:QAN) - Stock Price, News & Analysis

QAN Stock Overview

Provides air transportation services in Australia and internationally. More details

QAN fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	1/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 6.3% below our estimate of its fair value

Earnings are forecast to grow 9.82% per year

Risk Analysis

High level of non-cash earnings

Has a high level of debt

Profit margins (5.7%) are lower than last year (8.8%)

Qantas Airways Limited Competitors

Deutsche Lufthansa

XTRA:LHA

€7.3b

Fraport

XTRA:FRA

€4.6b

Sixt

XTRA:SIX2

€3.1b

Cathay Pacific Airways

SEHK:293

HK$59.5b

Price History & Performance

Summary of all time highs, changes and price drops for Qantas Airways
Historical stock prices
Current Share Price	AU$5.53
52 Week High	AU$5.53
52 Week Low	AU$3.00
Beta	1.12
11 Month Change	12.77%
3 Month Change	44.31%
1 Year Change	75.17%
33 Year Change	73.95%
5 Year Change	23.44%
Change since IPO	64.85%

Recent updates

Shareholder Returns

	QAN	DE Airlines	DE Market
7D	0.5%	-2.4%	-0.02%
1Y	75.2%	7.7%	8.2%

Return vs Industry: QAN exceeded the German Airlines industry which returned 7.7% over the past year.

Return vs Market: QAN exceeded the German Market which returned 8.2% over the past year.

Price Volatility

Is QAN's price volatile compared to industry and market?
QAN volatility
QAN Average Weekly Movement	4.0%
Airlines Industry Average Movement	4.5%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.9%
10% least volatile stocks in DE Market	2.3%

Stable Share Price: QAN has not had significant price volatility in the past 3 months compared to the German market.

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

About the Company

Founded	Employees	CEO	Website
1920	20,000	Vanessa Hudson	www.qantas.com

Qantas Airways Limited provides air transportation services in Australia and internationally. The company operates through Qantas Domestic, Qantas International, Jetstar Group, and Qantas Loyalty segments. It offers passengers and air freight, and air cargo and express freight services; and customer loyalty recognition programs.

Qantas Airways Limited Fundamentals Summary

How do Qantas Airways's earnings and revenue compare to its market cap?
QAN fundamental statistics
Market cap	€8.32b
Earnings (TTM)	€783.19m
Revenue (TTM)	€13.69b

10.6x

P/E Ratio

0.6x

P/S Ratio

Is QAN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
QAN income statement (TTM)
Revenue	AU$21.94b
Cost of Revenue	AU$14.93b
Gross Profit	AU$7.01b
Other Expenses	AU$5.75b
Earnings	AU$1.26b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Feb 27, 2025

Earnings per share (EPS)	0.84
Gross Margin	31.94%
Net Profit Margin	5.72%
Debt/Equity Ratio	1,712.6%

How did QAN perform over the long term?

See historical performance and comparison

QAN Stock Overview

Rewards

Risk Analysis

Qantas Airways Limited Competitors

XTRA:LHA

€7.3b

XTRA:FRA

€4.6b

XTRA:SIX2

€3.1b

SEHK:293

HK$59.5b

Price History & Performance

Recent News & Updates

Qantas Airways Limited to Report Fiscal Year 2025 Results on Aug 28, 2025

Full year 2024 earnings released: EPS: AU$0.76 (vs AU$0.96 in FY 2023)

Qantas Airways Limited (ASX:QAN) announces an Equity Buyback for AUD 400 million worth of its shares.

Qantas Airways Limited (ASX:QAN) agreed to acquire remaining 49% stake in Tripadeal Pty Ltd for approximately AUD 210 million.

High number of new directors

First half 2024 earnings released: EPS: AU$0.52 (vs AU$0.54 in 1H 2023)

Recent updates

Qantas Airways Limited to Report Fiscal Year 2025 Results on Aug 28, 2025

Full year 2024 earnings released: EPS: AU$0.76 (vs AU$0.96 in FY 2023)

Qantas Airways Limited (ASX:QAN) announces an Equity Buyback for AUD 400 million worth of its shares.

Qantas Airways Limited (ASX:QAN) agreed to acquire remaining 49% stake in Tripadeal Pty Ltd for approximately AUD 210 million.

High number of new directors

First half 2024 earnings released: EPS: AU$0.52 (vs AU$0.54 in 1H 2023)

New major risk - Earnings quality

Now 20% overvalued after recent price rise

The Qantas Group Announces Executive Changes

Qantas Announces Board Retirements

Qantas Airways Limited Announces Resignation of Richard Goyder as Chairman

Full year 2023 earnings released: EPS: AU$0.96 (vs AU$0.46 loss in FY 2022)

Qantas Airways Limited, Annual General Meeting, Oct 25, 2024

Australia's Highest Court Finds Qantas Illegally Fired 1,700 Ground Staff

Australia's Highest Court Finds Qantas Illegally Fired 1,700 Ground Staff

Qantas Reportedly Grounded for Deals Like Ticketek as Funds Focus on Rebuilding Trust

Qantas Group Announces Executive Changes

Qantas Airways Limited (ASX:QAN) announces an Equity Buyback for AUD 500 million worth of its shares.

Full year 2023 earnings released: EPS: AU$0.96 (vs AU$0.46 loss in FY 2022)

Qantas Airways Limited Announces Chief Financial Officer Changes

CEO, MD & Executive Director recently sold €10m worth of stock

Qantas Airways Limited Announces Board Changes

Qantas Airways Limited Announces CEO Changes

First half 2023 earnings released: EPS: AU$0.54 (vs AU$0.24 loss in 1H 2022)

Insufficient new directors

Qantas Airways Limited, Annual General Meeting, Nov 03, 2023

Full year 2022 earnings released: AU$0.46 loss per share (vs AU$0.92 loss in FY 2021)

Qantas Airways Limited (ASX:QAN) announces an Equity Buyback for AUD 400 million worth of its shares.

Qantas Airways Limited Provides Production Guidance for the First Quarter, Second Quarter and First Half of Fiscal Year 2023

Qantas Airways Limited (ASX:QAN) acquired a 51% stake in Tripadeal Pty Ltd.

Qantas Airways Limited (ASX:QAN) agreed to acquire a 51% stake in Tripadeal Pty Ltd.

Qantas Airways Limited (ASX:QAN) entered into a scheme implementation deed to acquire remaining 80% stake in Alliance Aviation Services Limited (ASX:AQZ) for approximately AUD 610 million.

Insufficient new directors

First half 2022 earnings: EPS in line with expectations, revenues disappoint

First half 2022 earnings: EPS in line with expectations, revenues disappoint

Insufficient new directors

New 90-day high: €3.34

First half 2021 earnings released: AU$0.57 loss per share (vs AU$0.29 profit in 1H 2020)

Revenue beats expectations

Helloworld Travel Limited Renewes Partnership with Qantas

New 90-day high: €3.24

New 90-day high: €2.74

New 90-day high: €2.54

Qantas Airways Limited to Report Fiscal Year 2021 Results on Aug 26, 2021

Full year earnings released - €1.30 loss per share

Full year earnings released - €1.30 loss per share

Qantas Airways Limited has completed a Follow-on Equity Offering in the amount of AUD 71.55 million.

Qantas Airways Limited has completed a Follow-on Equity Offering in the amount of AUD 1.360349 billion.

Shareholder Returns

Price Volatility

About the Company

Qantas Airways Limited Fundamentals Summary

10.6x

0.6x

Earnings & Revenue