Our top pick for
AU stocks
Finder Award
Finder makes money from featured partners, but editorial opinions are our own.
Qantas Airways Limited (QAN) is Australia's largest domestic airline and flagship carrier. Besides passenger flights, it also offers cargo and air freight international services. Qantas Airways was founded in 1920 and is currently listed on the Australian Securities Exchange (ASX).
N/A
How to buy shares in Qantas
To buy shares listed in Australia such as Qantas, you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose or you can see our list of the best share trading platforms in Australia. Then follow these steps.
-
Open and fund your brokerage account. Complete an application with your personal and financial details, including your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
-
Search for Qantas. Find the share by name or ticker symbol: QAN. Research its history to confirm it's a solid investment against your financial goals.
-
Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Qantas reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
-
Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
-
Check on your investment. Congratulations, you own a part of Qantas. Optimise your portfolio by tracking how your stock and 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 affect your stock.
Where to buy Qantas shares
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.
1 - 4 of 31
Is it a good time to buy Qantas stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. 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.
Qantas price performance over time
Historical closes compared with the last close of A$7.17
| 1 week (2024-10-07) | 1.70% |
|---|---|
| 1 month (2024-09-13) | 3.61% |
| 3 months (2024-07-12) | 15.46% |
| 6 months (2024-04-12) | 25.35% |
| 1 year (2023-10-13) | 42.83% |
|---|---|
| 2 years (2022-10-13) | 27.58% |
| 3 years (2021-10-13) | 29.19% |
| 5 years (2019-10-14) | 10.31% |
Is Qantas under- or over-valued?
Valuing Qantas stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Qantas's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Qantas's P/E ratio
Qantas's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 9x. In other words, Qantas shares trade at around 9x 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.
Qantas's PEG ratio
Qantas's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.52. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Qantas's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Qantas's EBITDA
Qantas's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $3.6 billion (£1.9 billion).
The EBITDA is a measure of a Qantas's overall financial performance and is widely used to measure stock profitability.
Qantas financials
| Revenue TTM | $21.9 billion |
|---|---|
| Operating margin TTM | 7.99% |
| Gross profit TTM | $7 billion |
| Return on assets TTM | 6.72% |
| Return on equity TTM | 82.3% |
| Profit margin | 5.72% |
| Book value | 0.185 |
| Market capitalisation | $11 billion |
TTM: trailing 12 months
Qantas share dividends
We're not expecting Qantas to pay a dividend over the next 12 months.
Have Qantas's shares ever split?
Qantas's shares were split on a 0.939:1 basis on 26 October 2015. So if you had owned 1 share the day before the split, the next day you would own 0.939 shares. This wouldn't directly have changed the overall worth of your Qantas shares – just the quantity. However, indirectly, the new 6.5% higher share price could have impacted the market appetite for Qantas shares which in turn could have impacted Qantas's share price.
Qantas share price volatility
Over the last 12 months, Qantas's shares have ranged in value from as little as $4.67 up to $7.49. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Qantas's is 1.173. This would suggest that Qantas'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).
Qantas overview
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. It offers passengers and air freight, and air cargo and express freight services; and customer loyalty recognition programs. The company operates a fleet of aircraft under the Qantas and Jetstar brands. Qantas Airways Limited was founded in 1920 and is based in Mascot, Australia.
Qantas in the news
Qantas adjusting schedule as pilots at units plan another strike
The 'worst' and 'best' airlines revealed
Qantas Airways Limited (ASX:QAN) Interim Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Frequently asked questions
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
More resources on Finder
More guides on Finder
-
What is a joint share trading account?
Considering opening a joint share trading account with your partner? Here is what you need to know
-
Best performing stocks on the ASX in 2024 (Updated weekly)
Looking for the best performing stocks in Australia? We update this list weekly.
-
CommSec Pocket vs Raiz Invest
CommSec Pocket and Raiz Invest both micro-invest into the stock market, so what are the differences and why should you pick one over the other?
-
Stake review: A trading platform for AU and US stocks
Stake is a trading platform for Australians who want value for money when trading. Gain access to the cheapest CHESS-sponsored brokerage in Australia and $3 brokerage in the US.
-
How to invest in silver in Australia
Here's a guide to your different investment options, the benefits of investing in silver and the possible risks.
-
How to invest in gas in Australia
Learn how to invest in natural gas, and about gas's historical performance as an investment. Find out all the need-to-knows with our extensive guide.
-
Selfwealth review: Cheap, fixed-fee share trading
SelfWealth online share trading provides easy access to the Australian share market with a flat brokerage fee per trade, no matter the size.
-
The cheapest stock brokers in Australia (Oct 2024)
Find cheap stock brokerage in Australia when buying and selling shares on the ASX and other international exchanges.
-
How to open a share trading account
If you're looking to start your investment journey, here's how to open a share trading account.
-
What is a managed fund?
What are managed funds? Read our guide and learn the different types of managed funds available.
Ask a question