How to buy Alliance Aviation Services shares | A$3.48

Alliance Aviation Services Limited is an airlines business based in Australia. Alliance Aviation Services shares (AQZ) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $3.48 – an increase of 0.87% over the previous week. Alliance Aviation Services has a trailing 12-month revenue of around $298.6 million.

How to buy shares in Alliance Aviation Services

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Alliance Aviation Services. Find the share by name or ticker symbol: AQZ. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Alliance Aviation Services reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $3.48, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Alliance Aviation Services. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Alliance Aviation Services share price

Use our graph to track the performance of AQZ stocks over time.

Alliance Aviation Services shares at a glance

• Key figures

Information last updated 2020-09-25.

Latest market close	AUDA$3.48
52-week range	AUDA$0.97 - AUDA$3.77
50-day moving average	AUDA$3.52
200-day moving average	AUDA$2.6819
Target price	AUDA$2.47
PE ratio	21.5421
Dividend yield	AUDA$0.18 (4.73%)
Earnings per share (TTM)	AUDA$0.175

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Alliance Aviation Services stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Alliance Aviation Services Limited by TradingView

Alliance Aviation Services price performance over time

Historical closes compared with the close of A$3.48 on 2020-09-29

1 week (2020-09-22)	1.16%
1 month (2020-08-28)	-4.66%
3 months (2020-06-29)	16.00%
6 months (2020-03-27)	148.57%

1 year (2019-09-27)	54.67%
2 years (2018-09-28)	40.32%
3 years (2017-09-29)	185.25%
5 years (2015-09-29)	596.00%

Is Alliance Aviation Services under- or over-valued?

Valuing Alliance Aviation Services stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Alliance Aviation Services's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Alliance Aviation Services's P/E ratio

Alliance Aviation Services's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 22x. In other words, Alliance Aviation Services shares trade at around 22x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Alliance Aviation Services's EBITDA

Alliance Aviation Services's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $79.5 million.

The EBITDA is a measure of a Alliance Aviation Services's overall financial performance and is widely used to measure a its profitability.

Alliance Aviation Services financials

Revenue TTM	$298.6 million
Operating margin TTM	15.4%
Gross profit TTM	$93.5 million
Return on assets TTM	7.8%
Return on equity TTM	11.96%
Profit margin	9.03%
Book value	1.778
Market capitalisation	$561.6 million

TTM: trailing 12 months

Alliance Aviation Services share dividends

Dividend payout ratio: 51.8% of net profits

Recently Alliance Aviation Services has paid out, on average, around 51.8% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.73% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Alliance Aviation Services shareholders could enjoy a 4.73% return on their shares, in the form of dividend payments. In Alliance Aviation Services's case, that would currently equate to about A$0.18 per share.

Alliance Aviation Services's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 15 March 2020 (the "ex-dividend date").

Alliance Aviation Services share price volatility

Over the last 12 months, Alliance Aviation Services's shares have ranged in value from as little as $0.97 up to $3.77. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Alliance Aviation Services's is 1.1151. This would suggest that Alliance Aviation Services's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Alliance Aviation Services overview

Alliance Aviation Services Limited provides aviation services to tourism, resources, mining, education, government, corporate, and sporting sectors in Australia and internationally. The company also offers specialized aviation services, including aircraft wet leasing, airport management, aircraft trading, parts sales, engine leasing, and engineering to other airlines and clients. As of June 30, 2020, it operated a fleet of 24 Fokker F100 and 13 Fokker 70LR jet aircraft; and 5 Fokker 50 turboprops. The company was founded in 2002 and is based in Brisbane, Australia.

Frequently asked questions

• What percentage of Alliance Aviation Services is owned by insiders or institutions?

  Currently 48.068% of Alliance Aviation Services shares are held by insiders and 26.047% by institutions.

• When does the fiscal year end for Alliance Aviation Services?

  Alliance Aviation Services's fiscal year ends in June.

• Where is Alliance Aviation Services based?

  Alliance Aviation Services's address is: 81 Pandanus Avenue, Brisbane, QLD, Australia, 4009

• What is Alliance Aviation Services's ISIN number?

  Alliance Aviation Services's international securities identification number is: AU000000AQZ6