Professional
Added to YB: 2024-07-18
Pitch date: 2024-06-30
QABSY [bullish]
Qantas Airways Limited
+75%
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 18.73
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 Catalyst Fund Portfolio Holding: Qantas Airways Limited
QABSY: Strong Loyalty program revamp (Classic Plus) with minimal earnings impact; set to double in 5-7 yrs. New fuel-efficient fleet, Project Sunrise (direct SYD/MEL to LDN/NYC by 2026). Strong balance sheet for buybacks & dividends (FY25). New CEO addressing customer issues. Trades at 6.3x FY25 P/E despite dominant position & high-growth loyalty div.
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