Professional
Added to YB: 2025-10-16
Pitch date: 2025-10-14
AQZ.AX [bullish]
Alliance Aviation Services Limited
+5.11%
current return
Author Info
No bio for this author
Company Info
Alliance Aviation Services Limited provides contract, charter, and allied aviation services in Australia and internationally.
Market Cap
AUD 320.4M
Pitch Price
AUD 2.35
Price Target
3.60 (+46%)
Dividend
1.51%
EV/EBITDA
3.50
P/E
5.60
EV/Sales
0.95
Sector
Passenger Airlines
Category
special_situation
Took a position in $AQZ.AX
AQZ.AX: FIFO aviation operator at 6x P/E, 3.5x EV/EBITDA vs tangible book $2.75. Qantas tried buying at 20x P/E in 2022 but blocked by regulator. Finishing capex program, should delever rapidly. Pacific Equity Partners showing interest, founder retiring. Viburnum (10% owner) has history selling port cos. 10x P/E = $3.60 target, 40-50% upside on deal.
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