Qantas Airways Ltd
ASX:QAN

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Qantas Airways Ltd
ASX:QAN
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Price: 9.04 AUD 0.44% Market Closed
Market Cap: 13.7B AUD
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Relative Value

The Relative Value of one QAN stock under the Base Case scenario is 13.71 AUD. Compared to the current market price of 9.04 AUD, Qantas Airways Ltd is Undervalued by 34%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

QAN Relative Value
Base Case
13.71 AUD
Undervaluation 34%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

0.6
P/S
P/S
Price to Sales
0.6
vs History
49
vs Industry
37
Median 3Y
0.7
Median 5Y
0.6
Industry
0.5
Forward
0.6
More Details
11.2
P/E
P/E
Price to Earnings
11.2
vs History
12
vs Industry
38
Median 3Y
5.7
Median 5Y
5.1
Industry
9.2
Forward
8.7
More Details
4.1
P/OCF
P/OCF
Price to OCF
4.1
vs History
22
vs Industry
36
Median 3Y
2.8
Median 5Y
2.6
Industry
3.5
More Details
230.8
P/FCFE
P/FCFE
Price to FCFE
230.8
vs History
0
vs Industry
10
Median 3Y
6
Median 5Y
5.8
Industry
10.5
More Details
48.7
P/B
P/B
Price to Book Value
48.7
vs History
38
vs Industry
0
Median 3Y
86.7
Median 5Y
24.4
Industry
2.1
More Details
0.8
EV/S
EV/S
Enterprise Value to Sales
0.8
vs History
41
vs Industry
57
Median 3Y
0.8
Median 5Y
0.8
Industry
0.9
Forward
0.8
More Details
1.6
EV/GP
EV/GP
Enterprise Value to Gross Profit
1.6
vs History
39
vs Industry
68
Median 3Y
1.5
Median 5Y
1.5
Industry
3
More Details
8.7
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
8.7
vs History
17
vs Industry
41
Median 3Y
4.8
Median 5Y
4
Industry
6.6
Forward
3.9
More Details
8.7
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
8.7
vs History
17
vs Industry
51
Median 3Y
4.8
Median 5Y
4
Industry
10.2
Forward
6.9
More Details
5.3
EV/OCF
EV/OCF
Enterprise Value to OCF
5.3
vs History
19
vs Industry
52
Median 3Y
3.8
Median 5Y
3.8
Industry
6.4
More Details
23.6
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
23.6
vs History
19
vs Industry
10
Median 3Y
7.9
Median 5Y
6.2
Industry
10
More Details
1.2
EV/IC
EV/IC
Enterprise Value to IC
1.2
vs History
0
vs Industry
32
Median 3Y
1
Median 5Y
0.9
Industry
0.8
More Details

Multiples Across Competitors

QAN Competitors Multiples
Qantas Airways Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
AU
Qantas Airways Ltd
ASX:QAN
14.1B AUD 0.6 11.2 8.7 8.7
US
Delta Air Lines Inc
NYSE:DAL
40.4B USD 0.7 8.7 5.5 9.1
US
United Airlines Holdings Inc
NASDAQ:UAL
33.3B USD 0.6 12 8.8 8.8
CH
Kinarus Therapeutics Holding AG
SIX:KNRS
19.5B CHF 0 -1 404.3 -1 404.9 -1 404.9
IE
Ryanair Holdings PLC
LSE:RYA
15.4B EUR 1.1 8 4.5 6.8
IN
Interglobe Aviation Ltd
NSE:INDIGO
1.8T INR 2.4 26.9 11.3 20.7
US
Southwest Airlines Co
NYSE:LUV
20.6B USD 0.8 -420 12.5 -45.1
UK
International Consolidated Airlines Group SA
LSE:IAG
14.8B GBP 0.5 6.8 57.5 92
CN
Air China Ltd
SSE:601111
134.4B CNY 0.8 -282.3 -430.8 -430.8
CN
China Southern Airlines Co Ltd
SSE:600029
120B CNY 0.7 -33.7 63.3 63.3
SG
Singapore Airlines Ltd
SGX:C6L
19B SGD 1 9.6 4.9 10.5
P/E Multiple
Earnings Growth P/E to Growth
AU
Qantas Airways Ltd
ASX:QAN
Average P/E: 11.9
11.2
49%
0.2
US
Delta Air Lines Inc
NYSE:DAL
8.7
14%
0.6
US
United Airlines Holdings Inc
NASDAQ:UAL
12
82%
0.1
CH
Kinarus Therapeutics Holding AG
SIX:KNRS
Negative Multiple: -1 404.3 N/A N/A
IE
R
Ryanair Holdings PLC
LSE:RYA
8
48%
0.2
IN
Interglobe Aviation Ltd
NSE:INDIGO
26.9
18%
1.5
US
Southwest Airlines Co
NYSE:LUV
Negative Multiple: -420
209%
N/A
UK
International Consolidated Airlines Group SA
LSE:IAG
6.8
7%
1
CN
Air China Ltd
SSE:601111
Negative Multiple: -282.3 N/A N/A
CN
China Southern Airlines Co Ltd
SSE:600029
Negative Multiple: -33.7 N/A N/A
SG
Singapore Airlines Ltd
SGX:C6L
9.6
-50%
N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
AU
Qantas Airways Ltd
ASX:QAN
Average EV/EBITDA: 19.7
8.7
159%
0.1
US
Delta Air Lines Inc
NYSE:DAL
5.5
23%
0.2
US
United Airlines Holdings Inc
NASDAQ:UAL
8.8
30%
0.3
CH
Kinarus Therapeutics Holding AG
SIX:KNRS
Negative Multiple: -1 404.9 N/A N/A
IE
R
Ryanair Holdings PLC
LSE:RYA
4.5
33%
0.1
IN
Interglobe Aviation Ltd
NSE:INDIGO
11.3
45%
0.3
US
Southwest Airlines Co
NYSE:LUV
12.5
87%
0.1
UK
International Consolidated Airlines Group SA
LSE:IAG
57.5
25%
2.3
CN
Air China Ltd
SSE:601111
Negative Multiple: -430.8
17 174%
N/A
CN
China Southern Airlines Co Ltd
SSE:600029
63.3
754%
0.1
SG
Singapore Airlines Ltd
SGX:C6L
4.9
-17%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
AU
Qantas Airways Ltd
ASX:QAN
Average EV/EBIT: 27.5
8.7
41%
0.2
US
Delta Air Lines Inc
NYSE:DAL
9.1
20%
0.5
US
United Airlines Holdings Inc
NASDAQ:UAL
8.8
27%
0.3
CH
Kinarus Therapeutics Holding AG
SIX:KNRS
Negative Multiple: -1 404.9 N/A N/A
IE
R
Ryanair Holdings PLC
LSE:RYA
6.8
37%
0.2
IN
Interglobe Aviation Ltd
NSE:INDIGO
20.7
33%
0.6
US
Southwest Airlines Co
NYSE:LUV
Negative Multiple: -45.1
360%
N/A
UK
International Consolidated Airlines Group SA
LSE:IAG
92
25%
3.6
CN
Air China Ltd
SSE:601111
Negative Multiple: -430.8
7 484%
N/A
CN
China Southern Airlines Co Ltd
SSE:600029
63.3
180%
0.4
SG
Singapore Airlines Ltd
SGX:C6L
10.5
-46%
N/A

See Also

Summary
QAN intrinsic value, competitors valuation, and company profile.
DCF Valuation
QAN stock valuation using Discount Cash Flow valuation method.
Relative Valuation
QAN stock valuation using valuation multiples.
Wall Street Estimates
QAN price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
QAN stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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