Qantas Airways Limited

OTCPK:QUBS.F Stock Report

Market Cap: US$8.3b

Qantas Airways Valuation

Is QUBS.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: QUBS.F ($5.18) is trading above our estimate of fair value ($4.95)

Significantly Below Fair Value: QUBS.F is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for QUBS.F?

Key metric: As QUBS.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for QUBS.F. This is calculated by dividing QUBS.F's market cap by their current earnings.
What is QUBS.F's PE Ratio?
PE Ratio10.8x
EarningsAU$1.26b
Market CapAU$13.43b

Price to Earnings Ratio vs Peers

How does QUBS.F's PE Ratio compare to its peers?

The above table shows the PE ratio for QUBS.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.7x
ALK Alaska Air Group
26.4x39.5%US$8.6b
AAL American Airlines Group
41.5x39.8%US$11.4b
CPA Copa Holdings
5.8x6.8%US$3.7b
SKYW SkyWest
17.2x15.8%US$4.2b
QUBS.F Qantas Airways
10.8x9.9%US$13.4b

Price-To-Earnings vs Peers: QUBS.F is good value based on its Price-To-Earnings Ratio (10.8x) compared to the peer average (22.7x).

Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
QUBS.F 10.8xIndustry Avg. 9.5xNo. of Companies8PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: QUBS.F is expensive based on its Price-To-Earnings Ratio (10.8x) compared to the Global Airlines industry average (9.5x).

Price to Earnings Ratio vs Fair Ratio

What is QUBS.F'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.

QUBS.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate QUBS.F's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

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

The above table shows the analyst QUBS.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$5.18
US$5.59
+7.9%
13.8%US$6.76US$3.80n/a15
Dec ’25n/a
US$5.72
0%
13.0%US$7.02US$3.94n/a15
Nov ’25US$5.35
US$5.72
+6.9%
12.2%US$7.14US$4.01n/a15
Oct ’25US$5.01
US$5.12
+2.1%
11.0%US$6.48US$4.16n/a15
Sep ’25US$4.20
US$5.16
+23.0%
12.3%US$6.46US$4.13n/a16
Aug ’25n/a
US$4.77
0%
13.5%US$6.25US$3.83n/a16
Jul ’25US$3.70
US$4.85
+31.1%
13.6%US$6.35US$3.89n/a16
Jun ’25n/a
US$4.76
0%
14.4%US$6.31US$3.87n/a16
May ’25US$3.65
US$4.76
+30.4%
14.9%US$6.30US$3.86n/a16
Apr ’25US$3.50
US$4.68
+33.6%
15.3%US$6.23US$3.76n/a16
Mar ’25n/a
US$4.70
0%
15.7%US$6.26US$3.68n/a16
Feb ’25US$3.51
US$4.79
+36.5%
12.8%US$6.31US$3.88n/a15
Jan ’25US$3.54
US$4.85
+37.1%
13.6%US$6.29US$3.67n/a16
Dec ’24n/a
US$4.76
0%
13.7%US$6.15US$3.59n/a16
Nov ’24US$3.17
US$4.75
+50.0%
13.3%US$6.06US$3.54US$5.3516
Oct ’24US$3.40
US$4.89
+43.9%
13.5%US$6.17US$3.60US$5.0116
Sep ’24n/a
US$5.22
0%
11.7%US$6.41US$3.91US$4.2017
Aug ’24US$4.27
US$5.56
+30.4%
12.1%US$6.85US$4.04n/a17
Jul ’24n/a
US$5.56
0%
12.1%US$6.85US$4.04US$3.7017
Jun ’24US$4.27
US$5.27
+23.5%
11.9%US$6.50US$3.84n/a17
May ’24US$4.40
US$5.28
+19.9%
13.1%US$6.62US$3.91US$3.6517
Apr ’24US$4.45
US$5.09
+14.4%
14.6%US$6.59US$3.74US$3.5017
Mar ’24US$4.08
US$5.18
+27.0%
14.3%US$6.73US$3.82n/a17
Feb ’24n/a
US$5.45
0%
14.1%US$7.13US$4.05US$3.5117
Jan ’24n/a
US$5.14
0%
14.1%US$6.72US$3.82US$3.5417
Dec ’23US$4.04
US$5.08
+25.7%
15.2%US$6.74US$3.83n/a16

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 13:49
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Qantas Airways Limited is covered by 31 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David FraserAPP Securities Pty Ltd.
Russell WrightAPP Securities Pty Ltd.
Matthew RyanBarrenjoey Markets Pty Limited