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How to buy Qantas (QAN) shares in Australia

Learn how to easily invest in Qantas shares.

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).

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. Then follow these steps.

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.

Qantas stock price (ASX:QAN)

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

Qantas shares at a glance

Information last updated 2024-06-14.
52-week range$4.67 - $6.69
50-day moving average $5.97
200-day moving average $5.4666
Target price$7.29
PE ratio 6.6413
Dividend yield N/A (0%)
Earnings per share (TTM) $0.92

Compare share trading platforms

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.
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$0 brokerage on US, UK, Canadian and Japanese markets (FX spreads apply).
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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$6.09

1 week (2024-06-11) -1.14%
1 month (2024-05-17) -0.33%
3 months (2024-03-18) 16.67%
6 months (2023-12-18) 11.54%
1 year (2023-06-16) -8.42%
2 years (2022-06-17) 39.68%
3 years (2021-06-18) 25.57%
5 years (2019-06-18) 11.33%

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 7x. In other words, Qantas shares trade at around 7x 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 $3.8 billion (£2 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 billion
Operating margin TTM 11.99%
Gross profit TTM $7 billion
Return on assets TTM 7.96%
Return on equity TTM 24.24%
Profit margin 7.68%
Book value 0.069
Market capitalisation $10 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 $6.69. A popular way to gauge a stock's volatility is its "beta".

QAN.AU volatility(beta: 1.1)Avg. volatility(beta: 1.00)LowHigh

Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Qantas's is 1.095. 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 passenger flying, 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.

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.

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