Professional
Added to YB: 2024-08-09
Pitch date: 2024-07-31
QAN.AX [bullish]
Qantas Airways Limited
+60.31%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
AUD 13.3B
Pitch Price
AUD 6.14
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.61
P/E
11.84
EV/Sales
0.83
Sector
Passenger Airlines
Category
growth
L1 Capital Long Short Fund – Daily Class Portfolio Holding: Qantas Airways Limited
QAN.AX +10% in July. Well-positioned w/ top loyalty biz (2x earnings in 5-7yrs), new fuel-efficient fleet, Project Sunrise (direct SYD/MEL-LDN/NYC flights from 2026). Strong balance sheet for buybacks/dividends. CEO addressing customer issues. Trades at 6x FY25 P/E despite leading position & high-growth loyalty div. REX entering admin. positive for QAN.
Read full article (1 min)