Qantas Airways Future Growth

Future criteria checks 2/6

Qantas Airways is forecast to grow earnings and revenue by 9.8% and 4.1% per annum respectively. EPS is expected to grow by 12% per annum. Return on equity is forecast to be 60.6% in 3 years.

Key information

9.8%

Earnings growth rate

12.0%

EPS growth rate

Airlines earnings growth	9.3%
Revenue growth rate	4.1%
Future return on equity	60.6%
Analyst coverage	Good
Last updated	18 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:QAN - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	25,039	1,823	741	4,320	13
6/30/2026	24,222	1,731	337	4,220	15
6/30/2025	23,389	1,626	343	3,881	15
6/30/2024	21,939	1,255	680	3,441	N/A
3/31/2024	21,486	1,436	490	3,528	N/A
12/31/2023	21,033	1,616	300	3,615	N/A
9/30/2023	20,424	1,681	1,396	4,350	N/A
6/30/2023	19,815	1,746	2,491	5,085	N/A
3/31/2023	17,879	1,173	3,247	5,215	N/A
12/31/2022	15,943	599	4,002	5,344	N/A
9/30/2022	12,526	-130	2,876	4,007	N/A
6/30/2022	9,108	-860	1,749	2,670	N/A
3/31/2022	7,893	-972	N/A	N/A	N/A
12/31/2021	6,678	-1,085	112	612	N/A
9/30/2021	6,306	-1,388	-521	113	N/A
6/30/2021	5,934	-1,692	-1,154	-386	N/A
3/31/2021	6,529	-2,582	N/A	N/A	N/A
12/31/2020	7,123	-3,472	-2,139	-1,253	N/A
9/30/2020	10,690	-2,718	-1,326	-85	N/A
6/30/2020	14,257	-1,964	-514	1,083	N/A
3/31/2020	16,241	-571	315	2,144	N/A
12/31/2019	18,224	822	1,143	3,204	N/A
9/30/2019	18,095	831	1,161	3,184	N/A
6/30/2019	17,966	840	1,178	3,164	N/A
3/31/2019	17,801	831	1,038	3,139	N/A
12/31/2018	17,635	821	898	3,114	N/A
9/30/2018	17,382	887	1,154	3,264	N/A
6/30/2018	17,128	953	1,410	3,413	N/A
3/31/2018	16,850	943	N/A	3,339	N/A
12/31/2017	16,572	932	N/A	3,265	N/A
9/30/2017	16,315	892	N/A	2,985	N/A
6/30/2017	16,057	852	N/A	2,704	N/A
3/31/2017	15,989	854	N/A	2,662	N/A
12/31/2016	15,921	856	N/A	2,619	N/A
9/30/2016	16,061	943	N/A	2,719	N/A
6/30/2016	16,200	1,029	N/A	2,819	N/A
3/31/2016	16,211	1,036	N/A	2,769	N/A
12/31/2015	16,221	1,042	N/A	2,718	N/A
9/30/2015	16,019	800	N/A	2,383	N/A
6/30/2015	15,816	557	N/A	2,048	N/A
3/31/2015	15,662	-924	N/A	1,620	N/A
12/31/2014	15,508	-2,405	N/A	1,191	N/A
9/30/2014	15,431	-2,624	N/A	1,130	N/A
6/30/2014	15,353	-2,843	N/A	1,069	N/A
3/31/2014	15,396	-1,593	N/A	1,144	N/A
12/31/2013	15,438	-343	N/A	1,218	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: QAN's forecast earnings growth (9.8% per year) is above the savings rate (1%).

Earnings vs Market: QAN's earnings (9.8% per year) are forecast to grow slower than the German market (21.1% per year).

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

Revenue vs Market: QAN's revenue (4.1% per year) is forecast to grow slower than the German market (5.6% per year).

High Growth Revenue: QAN's revenue (4.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: QAN's Return on Equity is forecast to be very high in 3 years time (60.6%).

Qantas Airways Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

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

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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