Professional
Added to YB: 2024-11-19
Pitch date: 2024-09-30
QAN.AX [bullish]
Qantas Airways Limited
+44.24%
current return
Author Info
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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 6.82
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.61
P/E
11.84
EV/Sales
0.83
Sector
Passenger Airlines
Category
value
L1 Capital Long Short Fund Portfolio Holding: Qantas Airways Limited
QAN.AX: Strong FY24 results, new $400m buyback, dividends from 1H25 (4.1% yield). Improved customer metrics, robust domestic demand, lower fuel costs boost earnings. Loyalty biz to double in 5-7 years. New efficient fleet + Project Sunrise (direct SYD/MEL-LON/NYC) from 2026. Trades at 7.5x FY25 P/E despite growth & loyalty potential.
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