Added to YB: 2023-07-05
Pitch date: 2023-07-05
QAN.AX [bearish]
Qantas Airways Limited
-68.7%
current return
Author Info
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 5.82
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.61
P/E
11.84
EV/Sales
0.83
Sector
Passenger Airlines
Category
N/A
Qantas: Crash Landing
QAN.AX: Bearish on Qantas as AU consumer weakens. Mortgage cliff, spending ⬇️ hurt demand as supply ⬆️. Margins unsustainable (15% vs 7.5% hist.), rev recognized late as cash slows. If reverts to 7.5%, EBIT halves to 8x TEV/EBIT w/o slowdown. Risks: $3.2B capex, losing share from gouging, CEO/culture issues.
Read full article (7 min)